Nokia (NOK) is the number two company behind Samsung (SSNLF.PK) for mobile device sales world-wide. Apple (AAPL) is in third place but gaining quickly with the sale of iPhones and iPads. Nokia was once the greatest innovator but has been replaced by manufacturers who have embraced the smart phone and mobile device market with improved functionality and a host of offerings that don’t stop at being a phone. There seems to be no end in sight for the Nokia decline, unless of course we consider the buzz that Nokia may be in play as an acquisition target.

Recent speculation that Samsung will bid for Nokia shares sent Nokia stock over $3 on June 8. Nokia’s book value per share is $3.69. Nokia has total debt of $6.19 billion and total cash of $12.66 billion. The stock has a 52-week range of $2.61 to $7.38. The price earnings are negative ($0.83), and the company currently pays a dividend of 6.10%.

Nokia’s first quarter 2012 numbers showed that the company’s operating margins experienced declines and were expected to be negative 3% for the remainder of the year. The company increased its investment in the Lumia 900 Windows phone and sold over two million of the handsets in the first quarter. Its partnership with Microsoft on the Lumia 900 is being supported through AT&T in the U.S. Nokia has partnered with China Telecom (CHA) to sell its Lumia 900 in Asia.

The Executive Vice President of Nokia’s Mobile Phones Unit, Mary McDowell, has said that the company’s strategy in the feature phone business is to offer the best possible phone – at a price below the least expensive Android phones on the market.To continue reading, click here.