Under the agreement Nokia, the world's largest cellphone maker, will adopt Windows Phone software across its devices, replacing its home-grown Symbian platform.
”Essentially Microsoft is getting a third of the smart phone market with this deal,” says Gillis. And he tells the desk he’s a buyer of Microsoft on the promise.
Google
The potential of the mobile internet has excited many investors, but Colin Gillis thinks there are landmines in this area.
"Mobile searches on Google make up 10% of total searches but mobile revenue is less than 4%," Gillis says.
That could be a problem for Google whose business model is very dependent on ads.
”There is a big gap between the monetization of mobile and it’s usage. That gap probably closes over time but it’s a trend worth watching,” says Gillis.
Apple
Although Apple didn't attend the event in Barcelona, Gillis says the company can't be forgotten because of all the smartphone makers Apple’s ecosystem is most sticky. People don’t want to leave the iPhone because they like having all the developer apps and iTunes.
According to Gillis, "I think Apple will be the frontrunner for some time to come."
What’s the bottom line?
"To sum it up, Microsoft probably has quite a bit of value in it. Google is probably fully priced and Apple is still a great name," Gillis says.
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Trader disclosure: On Feb 14, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour Owns (AAPL); Seymour Owns (BAC); Seymour Owns (F); Seymour Owns (FXI); Seymour Owns (GE); Seymour Owns (POT); Seymour Owns (TSO); Seymour Owns (NOK) Call; Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's Firm Is Long S&P Puts; Finerman's Firm Is Long Russell 2000 Puts; Finerman's Firm And Finerman Own (AAPL); Finerman's Firm Owns (BAC) Leap, Finerman Owns (BAC); Finerman's Firm Owns (BBY); Finerman's Firm And Finerman Own (BP); Finerman Owns (C); Finerman Owns (GOOG); Finerman's Firm And Finerman Own (HPQ); Finerman's Firm Owns (IBM); Finerman's Firm Owns (JPM), (JPM) Leap; Finerman Owns (JPM); Finerman's Firm Owns (M); Finerman's Firm Owns (MCD); Finerman's Firm And Finerman Own (MSFT); Finerman's Firm Owns (PLCE), (PLCE) Options; Finerman's Firm Owns (TGT); Finerman's Firm Owns (WMT); Finerman's Firm Owns (EBAY); Najarian Owns (BAC) Call Spread; Najarian Owns (C); Najarian Owns (DOW) Calls; Najarian Owns (F) Bonds, Calls; Najarian Owns (GE); Najarian Owns (GM); Najarian Owns (JPM) Call Spread; Najarian Owns (MS); Najarian Owns (PFE); Najarian Owns (YHOO); Najarian Owns (CLF) Call Spread; Terranova Owns (VRTS); Terranova Owns (C); Terranova Owns (PEP); Terranova Owns (UPL); Terranova Owns (GM); Terranova Owns (APA); Terranova Owns (CVI); Terranova Owns (SU); Terranova Owns (CNQ)
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