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03-09-2013, 09:35 PM
On the contrary, Nokia share went up 38%... Nokia shareholders like the idea...
Nokia stock surges on Microsoft takeover
HELSINKI — Microsoft is buying Nokia’s line-up of smartphones and a portfolio of patents and services in an attempt to mount a more formidable challenge to Apple and Google as more technological tasks get done on mobile devices instead of personal computers.
The €5.44 billion (S$9.15 billion) deal announced late yesterday (Sept 2) marks a major step in Microsoft’s push to transform itself from a software maker focused on making operating systems and applications for desktop and laptop computers into a more versatile and nimble company that delivers services on any kind of Internet-connected gadget.
Microsoft, which is based in Redmond, Washington, is being forced to evolve because people are increasingly pursuing their digital lives on smartphones and tablet computers, causing the demand for PCs to shrivel. The shift is weakening Microsoft, which has dominated the PC software market for the past 30 years, and empowering Apple, the maker of the trend-setting iPhone and iPad, and Google, which gives away the world’s most popular mobile operating system, Android.
Nokia, based in Espoo, Finland, and Microsoft have been trying to make inroads in the smartphone market as part of a partnership forged in 2011. Under the alliance, Nokia’s Lumia smartphones has run on Microsoft’s Windows software, but those devices have not emerged as a popular alternative to the iPhone or an array of Android-powered devices spearheaded by Samsung Electronics’ smartphones and tablets.
Microsoft is betting it will have a better chance of narrowing the gap if it seizes complete control over how the mobile devices work with its Windows software.
“It’s a bold step into the future — a win-win for employees, shareholders and consumers of both companies,” Microsoft CEO Steve Ballmer said in a statement.
Investors in Nokia welcomed the deal and its price, sending shares in the company over 38 per cent higher to €4.10 in early trading today in Helsinki.
...
http://www.todayonline.com/business/micr...16-billion
Nokia stock surges on Microsoft takeover
HELSINKI — Microsoft is buying Nokia’s line-up of smartphones and a portfolio of patents and services in an attempt to mount a more formidable challenge to Apple and Google as more technological tasks get done on mobile devices instead of personal computers.
The €5.44 billion (S$9.15 billion) deal announced late yesterday (Sept 2) marks a major step in Microsoft’s push to transform itself from a software maker focused on making operating systems and applications for desktop and laptop computers into a more versatile and nimble company that delivers services on any kind of Internet-connected gadget.
Microsoft, which is based in Redmond, Washington, is being forced to evolve because people are increasingly pursuing their digital lives on smartphones and tablet computers, causing the demand for PCs to shrivel. The shift is weakening Microsoft, which has dominated the PC software market for the past 30 years, and empowering Apple, the maker of the trend-setting iPhone and iPad, and Google, which gives away the world’s most popular mobile operating system, Android.
Nokia, based in Espoo, Finland, and Microsoft have been trying to make inroads in the smartphone market as part of a partnership forged in 2011. Under the alliance, Nokia’s Lumia smartphones has run on Microsoft’s Windows software, but those devices have not emerged as a popular alternative to the iPhone or an array of Android-powered devices spearheaded by Samsung Electronics’ smartphones and tablets.
Microsoft is betting it will have a better chance of narrowing the gap if it seizes complete control over how the mobile devices work with its Windows software.
“It’s a bold step into the future — a win-win for employees, shareholders and consumers of both companies,” Microsoft CEO Steve Ballmer said in a statement.
Investors in Nokia welcomed the deal and its price, sending shares in the company over 38 per cent higher to €4.10 in early trading today in Helsinki.
...
http://www.todayonline.com/business/micr...16-billion
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