“Mobile phone maker Nokia has posted better-than-expected profits for the first three months of 2011, down 1% to 344m euros. But its market share fell 4% to 29% as cheaper rivals and the popularity of competitors’ smartphones ate into Nokia’s dominance. Nokia also said that it had struck a long-awaited deal to develop smartphone technology with Microsoft. Investors welcomed the news, sending Nokia shares up almost 3%.”
In NASDAQ this is not seen, but the effects of the 02/11 deal are clear. Can anyone explain why?
http://www.nasdaq.com/aspx/dynamic_charting.aspx?selected=NOK&symbo…
Noikia will suffer in the long run from dealing with MS. But they decided to learn it the hard way
Nokia and Microsoft are probably playing a longer game than you think.