Canaccord's Mike Walkley is maintaining a Hold on Nokia (NOK) following a meeting with its CFO, and thinks the company is a "wait-and see story" until 2H12, when its Windows Phones (MSFT) begin ramping. However, Walkley is confident in Nokia's ability to lower the cost structure for its phone division, and expects it to reach its goal of €1B in cost savings by 2013.
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