Nokia: Linux-Based Smart Phone Takes On the iPhone
Has Nokia (NOK) finally come up with a smart phone that can take on the Apple (AAPL) iPhone?
This morning, the company launched a new model called the N900 which is based on the company’s Linux-based Maemo 5 operating system. Not everyone is going to be convinced, but Davenport & Co. analyst F. Drake Johnstone is. Late this afternoon, he raised his rating on Nokia to Buy from Hold, setting a price target of $18.