12 Feb '11, 8am

Nokia & Microsoft team up in a desperate attempt to take on Google & Apple

LONDON - Nokia and Microsoft teamed up on Friday to build an iPhone killer in a desperate attempt to take on Google and Apple in the fast-growing smartphone market. Nokia said using Microsoft's Windows Phone software in its smartphones would speed up new product launches but shares in the world's largest cellphone-maker fell sharply on uncertainty about the financial impact of new chief executive Stephen Elop's strategic U-turn. "It is now a three-horse race," said Mr Elop, who was drafted in to head Nokia from Microsoft last September. Mr Elop said the partnership would mean job cuts around the world, while research and development spending would also be slashed. The deal with Nokia marks a major breakthrough for Microsoft which has struggled for years to establish itself in wireless. But investors were unconvinced by Mr Elop's new strategy and Nokia shares tumbled 10 per...

Full article: http://www.todayonline.com/World/EDC110212-0000231/Nokia-...

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