Cell phones and BlackBerrys were buzzing Monday with news from the wireless world. Nokia (NOK) plans to buy GPS company NAVTEQ (NVT) for $8.1 billion. Meanwhile, Palm (PALM) earnings came out after the bell and Research In Motion (RIMM) earnings are released Thursday.
Pete Najarian likes new handheld devices from Palm and Nokia - he tells the panel he thinks NOK is a buy. Najarian adds Morgan Stanley estimates wireless revenues will go up 3 fold over the next 5 years.