Wall Street is now convinced that Nokia will sell its handset business

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http://bgr.com/2013/07/03/nokia-handset-unit-sale-analysis/Here is a puzzle: Nokia's cash position has suddenly shrunk from 4 billion euros to 2-2.5 billion euros... but the company's share price is higher than it was before Nokia announced it will spend 1.7 billion euros to buy full control in Nokia Siemens Networks. Wall Street is feeling perfectly calm even though it now looks like Nokia's cash burn during the second quarter may have been as high as 850 million euros. Why aren't investors freaking out about A) the cost of the Nokia Siemens Network acquisition and B) the confession about the handset division cash burn level during spring? At this rate, Nokia may run out of cash during the summer of 2014.

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Via BRG - Boy Genius Report