Microsoft

Microsoft is trading less than 10 P/E multiples and it has net cash about 35 billion. The company has a 75% gross profit margin and grow around 10%. The Nokia deal should provide some positive earning boost in 2012. Microsoft never had any success in mobile and Nokia has about 40% of mobile market share. Even if Nokia's market share drop to 20%, that's still a big plus for Microsoft. Microsoft should trade around 32. I would buy it around 27.