April 14, 2010 / 6:50 AM / 10 years ago

STOCKS NEWS EUROPE-Nokia seen higher after Intel, ASML

Shares in mobile phone maker Nokia NOK1V.HE are expected to open higher after strong quarterly results from U.S. chip maker Intel (INTC.O) and Dutch chip equipment maker ASML (ASML.AS) (ASML.O).

“There should be a very clear positive reaction in the (Nokia) share,” says Jari Honko, analyst at Swedbank in Helsinki, adding that the Intel report was in line with expectations of a “very strong” cellphone market in the first quarter.

Intel shares rose 4 percent in after-hours trading. “Dreams are arising about a recovery in the entire technology sector,” Saxo Bank says in a note.

Thomas Weisel Partners Equity Research says in a note that “robust demand from the mobile computing market” was among factors behind Intel’s “better-than-guidance and better-than-seasonal quarter”. For more double click on [ID:nN1382801] [ID:nLDE63C2CJ] [ID:nLDE63D041]

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