Reuters reveals Nokia`s plan for smartphone launches

Reuters broke news on Sept 6 that Nokia would launch two flagship smartphone devices a week later, underpinning a share price climb and prompting reactions from analysts including a recommendation upgrade. Citing sources familiar with the plans, Reuters revealed that Nokia was about to launch a model called E7 with a large touch-screen and full keyboard, and that the long awaited N8 would become available to the public. Investment bank Jefferies quoted from the Reuters story in an analysis, while Morgan Stanley raised its recommendation on the following day. Nokia shares kept rising through the week.