It started with an open letter from financial analyst Adnaan Ahmad, addressed to CEOs Steve Ballmer (Microsoft) and Stephen Elop (Nokia), explaining the mutual benefits that could arise from the two tech titans teaming up. What came next was a flurry of rumors that it might happen and show of confidence from stock traders. In the days since Ahmad posted his letter, Nokia's stock prices have risen more than 4%, a sign that those in the market may be trying to show a vote of confidence in Ahmad's wishful thinking.
Though these rumors have been bubbling ever since Elop left his post at Microsoft to take over as Nokia's CEO, Elop said last week that the phone maker might "create and/or join other ecosystems," lending further credence to possibility. Spokesmen from both companies have refused to comment on the validity of the rumors, but there is speculation from those in the know that Elop is going to announce the news during an upcoming speech on February 11.
Be it true or not, Nokia needs to do something soon. They have been steadily declining in market share, and according to some recent analytics, have already lost the number one spot to Android.