Nokia (NOK) Up Ahead of Microsoft's (MSFT) 'Major Announcement'

June 18, 2012 10:08 AM EDT
With rumors of a Barnes & Noble (NYSE: BKS)/Microsoft (Nasdaq: MSFT) joint venture tablet getting debunked, traders have turned to speculation that Microsoft (Nasdaq: MSFT) will turn to current smartphone partner Nokia (NYSE: NOK) to help build the device.

Microsoft's event starts at 3:30 p.m (PT), or 6:30 p.m. (ET).

Shares of NOK are up 2.3 percent.

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