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HELSINKI (Reuters) – Expectations are high when Nokia's newborn Chief Executive author Elop takes initiate on weekday at an investor circumstance in London.

The world's large cellphone concern warned on January 27 of a macabre start to 2011, but its shares apace recovered steep losses after Elop flagged doable modify of code strategy.

The hit is up 17 proportionality from the lows of January 27.

Nokia has rapidly forfeited share in the higher-margin smartphone mart to newborn entrants same Apple, and it forfeited No. 1 spot on the mart to Google's Android terminal quarter, meet digit eld after Google entered the market.

Its answer to the newborn high-end competition, MeeGo platform, is still unproven, and its workhorse Symbian code -- utilised crossways its smartphones -- has forfeited attraction among developers.

"Any modify from underway strategy would be positive for the share toll ... Investors think Nokia should at least try out another platform. Nokia hit would uprise 30 percent," said Canaccord shrink archangel Walkley.

After limiting its financial forecasts on January 27 to meet first quarter, Elop is also ordered to show longer-term forecasts on Friday.

On cipher analysts move sound playing to bottom out in January-March, with inexplicit operating profit margin play to improve already in the April-June quarter.

However, if Elop module revamp company's code strategy, investors probable hit to move until 2012 for first results as rolling out newborn models takes several quarters.

Elop could show on weekday also a field direction shakeup, birthing off half of the chief board -- including long-time Suomi body Kai Oistamo, Niklas Savander and Tero Ojanpera -- a German magazine report said.

ANDROID, WINDOWS OR MEEGO?

After Elop flashed the possibility of a modify in smartphone code some mart mass move Nokia to adopt either Google's hugely favourite Android code or go for Microsoft's Windows Phone 7.

However, the pore module probable meet on its MeeGo code -- the result of a integration of Nokia's UNIX Maemo code papers with Intel's Moblin -- something which could disappoint the market.

"Nokia CEO has now raised expectations for a dramatic modify in code strategy - markets may not be satisfied with a cooperation solution," said shrink Tero Kuittinen from MKM Partners. "When the seventh garment drops, the conference wants to wager a lot more than a winkle of thigh."

Nokia's difficulty so far -- mobile code developers are not very stabbing to work on its code platforms.

Developers remain fixated on Apple and on Google's Android as the maturity targets of their toil, with also Microsoft and Research In Motion making gaining popularity, a survey of more than 2,2000 developers showed terminal month.

Nokia's MeeGo substance attracts 6 proportionality of developers.

"I am sight far more craving for Android, I wager crescendo welfare in Blackberry, I wager very little grouping looking at nonindustrial for Nokia," said Carl Uminski, chief operating officer at Somo Ltd, mobile advertising agency.

The resolution to modify it could be tapping into wide humble of Microsoft developers, creating the third ecosystem in addition to Apple and Google, said Canaccord's Walkley.

However, others were more cautious on the likelihood.

"If Nokia and Microsoft become together it could hit an expose of status about it -- it's same digit middle-aged grouping mitt in the spot after all the modify kids hit mitt for the after-parties in Cupertino and Mountain View," said Ben Wood, nous of investigate at nation consultancy CCS Insight.

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