16 Sep '13, 8am

An Analysis of Microsoft’s Purchase of Nokia Devices and Services Business via @triplez82

An Analysis of Microsoft’s Purchase of Nokia Devices and Services Business via @triplez82

Stephen Elop, Nokia’s CEO, will lead the entire Microsoft’s Devices Division. What’s interesting is that he used to head Microsoft’s business software division before becoming CEO of Nokia in 2010. Hired by former chairman Jorma Ollila, Elop was Nokia’s first foreign CEO. Back in 2011, after writing a memo that said Nokia lacked the in-house technology and needed to jump off a “burning platform”, Elop made the controversial decision to use Microsoft’s Windows Phone for smartphones, rather than Nokia’s own software or Google Inc’s Android operating system. Nokia, which had 40 percent of the handset market in 2007, now has just 15 percent, and only 3 percent in smartphones. Nokia, whose market value topped $200 billion over a decade ago, will now concentrate on its networking equipment unit, navigation business and technology patents. Analyst Tero Kuittinen at consultancy Al...

Full article: http://justinlee.sg/2013/09/13/an-analysis-of-microsofts-...

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