Zacks Analyst Blog Highlights: Nokia Corp., Best Buy Co. Inc., AT&T, Research In Motion and Apple Inc.

For Immediate Release

Chicago, IL – October 15, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Nokia Corp. (NOK - Snapshot Report), Best Buy Co. Inc. (BBY - Analyst Report), AT&T (T - Analyst Report), Research In Motion (RIMM - Analyst Report) and Apple Inc. (AAPL - Analyst Report).

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Here are highlights from Wednesday’s Analyst Blog:

Nokia Enters Netbook Market

Nokia Corp. (NOK - Snapshot Report) yesterday announced its sales and distribution plan for its first netbook called “Booklet 3G”. The U.S. retailer Best Buy Co. Inc. (BBY - Analyst Report) will sell this netbook (mini laptop) for $299.99 together with AT&T’s (T - Analyst Report) 3G data plan of $60 per month for a two-year contract. Also, a carrier-free unsubsidized option will be available for a price of $599. Booklet 3G will be available from mid-November.

Diversification outside the mobile phone market becomes essential for Nokia. In recent times, the company has lost some ground due to fierce competition. According to Gartner Inc, Nokia’s share has fallen to 45% in the second quarter from 47.5% in the year-ago quarter. Meanwhile, market share of Research In Motion (RIMM - Analyst Report) increased to 18.7% from 17.3% in the year-ago quarter and that of Apple Inc. (AAPL - Analyst Report) soared to 13.3% from a mere 2.8% in the prior-year quarter.

A business venture in the consumer PC/laptop market is a logical move on the part of Nokia towards the broader mobile computing market. The company is the global leader in the ordinary mobile phone market and has significantly penetrated the high-end smart-phone market. Last July, Nokia had unveiled a new handheld converged mobile computing device Called “N900” on Linux-based Maeme 5 software.

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