After strong quarterly results from both US chip maker Intel and Dutch chip equipment maker ASML, shares in mobile phone manufacturer Nokia are expected to open higher reports an article over on Reuters.
Intel shares saw a rise of some four percent in after hours trading, and Saxo Bank said in a note, “Dreams are arising about a recovery in the entire technology sector.”
Swedbank analyst, Jari Honko has said that there should be a very clear positive reaction in Nokia share and the Intel report is in line with expectations of a “very strong” mobile phone market in Q1.
While Thomas Weisel Partners Equity Research stated in a note that “robust demand from the mobile computing market” was one of the factors behind Intel’s “better-than-guidance and better-than-quarter.”