Microsoft buying Nokia Devices and Services unit and patents for €5.44 billion

Microsoft buying Nokia Devices and Services unit, licensing patents for €5.44 billion

It's been something mused over for the past few years as a "what if" scenario, and tonight it has come to fruition: Microsoft is buying Nokia's Device and Services Unit and licensing the company's patent portfolio. Since partnering with Microsoft in early 2011 and launching the Lumia line of Windows Phone handhelds Nokia has held a leading and premiere position in the Windows Phone space, though they have struggled to gain significant market share and profitability even with the financial support of Microsoft. The deal is expected to close in the first quarter of 2014, with Microsoft paying €3.79 billion for the Devices and Service Unit, and another €1.65 billion for the licensure of Nokia's patent portfolio.

The deal will see around 32,000 Nokia employees transferred to Microsoft. Additionally, Nokia CEO Stephen Elop is stepping aside as the company's chief executive, replaced by Risto Siilasmaa as interim CEO (formerly chairman of the Nokia Board of Directors). Elop isn't going away - he's assumed the role of Nokia Executive Vice President of Devices & Services - in other words, he's in charge of the division of Nokia that is being sold to Microsoft, and thus will be one of the 32,000 employees making the transition.

The deal is, of course, subject to approval by Nokia's shareholders. To wit, an "extraordinary general meeting" of said shareholders has been called for 19 November 2013. Microsoft and Nokia expect the deal to close in the first quarter of 2014. The total deal adds up to €5.44 billion, or $7.12 billion in US dollars.

Microsoft CEO Steve Ballmer, himself on the way out within the next 12 months, called the acquisition "a bold step into the future" and "an win-win for employees, shareholders, and consumers of both companies."

Bringing Nokia's devices edition into the fold follows Microsoft's first foray into consumer tablet hardware in late 2012 with the Surface line of tablets. Microsoft has been rumored to be working on a Surface smartphone running Windows Phone for some time, though it has never seemed likely for a release. Thanks to their tight partnership with Microsoft, Nokia has served as the defacto device manufacturer for Windows Phone; this acquisition only serves to strengthen that association.

Microsoft will have their work cut out for them in bringing Nokia's devices and services unit into the fold. Purchasing the most public parts of Nokia will no doubt change the Window Phone dynamic with regard to other licensees like Samsung and HTC. While some expressed displeasure with Microsoft's entry into the PC hardware business with the Surface tablets, the effort resulted in a $900 million writedown on just the Surface RT for Microsoft. Nokia is a different beast, holding a leading position in the Windows Phone space.

As part of the agreement Microsoft will also take custody of Nokia's Asha brand of phones. While the Lumia Windows Phone line sold 7.4 million devices in the second quarter of 2013, the S40-powered Asha devices saw sales of a whopping 53.7 million. The low cost devices are highly popular in the developing world.

While Microsoft is purchasing the Devices and Services Unit of Nokia, the Finnish company will maintain control of their mapping unit and the HERE mapping and navigation platform. Microsoft has signed up as a "strategic licensee" of the service, though the four-year agreement is a separate deal from this acquisition. Additionally, Nokia will retain their network infrastructure businesses and Advanced Technologies development and licensing arm.

Source: Microsoft


Reader comments

Microsoft buying Nokia Devices and Services unit, licensing patents for €5.44 billion



Finally!!! What are the negatives for WP now? Even though Samsung and HTC have shown crappy @$$ support for WP, the level of support is going to be none existent now. why would Samsung and HTC even bother now that they'll be competing directly with Microsoft

They're competing directly with Google in the Android space. Quite successfully actually.

Not really.... Samsung owned Android before Google bought Motorola. By the way Google only bought Motorola for the patents. Their plan was to use the patents to go after Microsoft/Apple. Which hasn't worked so well for them.

Google purchased Motorola because Samsung has started forking their business, using S-voice, s-planner, and generally not even mentioning Google in their S4 announcement. Additional, Samsung is working to release Tizen OS, a Linux fork. Since Google is now paying royalties to Samsung at nearly 10%, it had to start building devices or be crippled when Samsung breaks away.

You're living in Lala land. If you think Google didn't buy Motorola for the patents. There was even talk of Google selling the phone division when they first bought Moto. Google tried hard to attack the Xbox 360 for patent violations. Its all about patents these days. Android is to well established for Tizen to gain any traction. Do you see how hard a time Microsoft is having with W8??? How about BB10??? Why would you think Tizen would succeed ???

actually, yes. People dont g.a.f. what their Galaxy device runs. As long as it works like they expect it. The UI on Galaxy devices is already Samsungs own Touchwiz (aka: mutant iOS clone meets android). If samaung designed tizen to use touchwiz, and to fully skin the OS (where android now has requirements to use Holo UI on certain OS objects), and made it run android apps, then it would make no difference to people. they would still buy the devices. I mean, theyd still work like an Galxay S device. Theyd still run the same apps. So what would stop users from buying it? Answer: nothing really. So if samsung were to release the next yet-to-be-announced device with "Tizen", and pushed an "update" to their current devices that installed tizen, then it could potentially spell trouble for android.
however, that is not why Google bought Motorola. If you noticed. Moto is still doing business as usual, with the only phone being built with google is the moto x. not to mention, samung stated they have no plans to release tizen at this time. and even if they did, there is still htc and droid by motorola.
(pardon any misspellings. broken touch screen. + wpcentrals text input messing up the on screen keyboard and autocorrect)

I don't know what you been smoking but it's some good stuff if you believe that. People are invested in the Android ecosystem. Secondly the ATIV S is a galaxy device. So that blows your theory up. Its the ecosystem more so than the device. Listen to what you're saying. Would LG, HTC, Moto, etc push Tizen??? No. It's DOA.... There's absolutely no way that it would ever be more than a small niche following.

• A: People will still be invested in the android ecosystem, just not android itself, in the case of tizen, since it will supposedly run android apps
• B: No it isnt. Yes, it is physically using the hardware of a galaxy device, but it is not branded, marketed, or recognized publicly as a galaxy device. what it physically is dont mean jack if the acerage consumer doesnt even know it.
• B.1: What i meant by "As they expect it"  was that it works like their used too. WP8 is not what theyre used to and how they expect their Note 2 and S4 to work. So, to conclude, i meant that as long as it runs the same apps and the ui is the same then people will overlook whether its tizen or android. (which works with samsung, using their own touchwiz interface on android, and their own stock apps instead of google's)
• C: LG, Moto, Sony, etc... wouldnt push tizen. Samsung is a key player with android (htc isnt just struggling with WP you know), and Tizen is Samsung's OS.
• C.1: When it comes to samsung its just as much the device as it is the ecosystem (which tizen would stil be a part of, having full android app support). I know a lot of android isers who switched to a galaxy device just because of what they heard anout the devices.) So people are invested in: the device first ecosystem second. ask a galxy s3 user if theyd switch to an ativ s after showing them it, theyd probably say no. because its the same device (first investment) but not the same ecosystem (second investment)
• C.2 It wouldnt get a niche following if every galaxy device within reason (Galxy S3+, Note II+) would get tizen pushed to them and samsung started selling devices with tizen.
[BONUS] D: Im not smoking a d**m thing. But i would suggest getting your glasses checked.
conclusion: tizen could damage (not kill ) android, with the key thing is it would still tie into its ecosystem.
btw, i dont think you saw that i agreed with you. Google bought Motorola devices for the patents, not the devices. If it was the devices, you wouldnt see three new verizon devices built wihtout googles help appearing on Verizon.
(pardon spelling mistakes. broken touchscreen + awful wpcentral text input system)

To compete even better with Google, I'm surprised they didn't also buy out Nokia's HERE maps suite, rather than just licensing it for a few years. Mapping is huge and, although Bing Maps has made huge strides to catch up to Google Maps in the past few years, Google isn't sleeping (recent Waze purchase).

well thats what everyone thought abt android when google bought motorola....well see how it goes

And maybe now all the Android whiners will stop with the "Nokia would be good if the put Android on their phones" garbage!

No smart dial
No custom message tones
No sound profiles
No notification center
I'm not even getting into the more subtle things such as no rotation lock, no forward buton in the browser, ...

Not to be rude, but what link is there between those relatively minor things the OS is missing (some of which should be coming in the next few updates) and MS acquiring Nokia's division? Especially since MS supplies the OS in the first place.

Oh I'm serious. Why in the world would the government block the purchase of nokia's devices and services division just because Windows Phone doesn't have a. notification center? It'd be like WalMart telling you you can't by whole wheat bread because you own a bag of white flour. It makes no sense whatsoever, and I am unaware of any factual basis or evidence that supports such claim. Hell I've never heard of such a things.

my god, cool your jets. i didnt know that, and theres a kinder, more productive way of stating these things. considering theres a lot of people in the comments on wpcentral who are serious about these things, how was i supposed to know?

Don't you think that the Nokia brand is way stronger than Microsoft on the mobile world?? So the fact that they are going to eliminate the Nokia brand and logos from the devices will certainly hurt. I think it's a bad idea!!! Don't you think. Everybody referes to Nokia as strong and durable. People say "oh its a Nokia, that's why" what do yall think?

turely with you. Nokia brand is in itself the well established brand and renaming it won't find customers.... at least not in India. Everybody will now eat samdung all over the world

So what will it be called? Nokia? be bit weird having 2 Nokia's 1 owned by Microsoft and 1 not... Dont get me wrong this is great, even better than buying the whole lot (as i'm not sure what Microsoft would do with the networking buisness) though the mapping would of been a good buy... But i want them to stay Nokia, alot of doors have opened to them but i hope the quality stays or goes up...

Google did that with Motorola as far as naming (there is still a Motorola separate from Google that is more business geared. Google owns the consumer devices geared one), so it wouldn't be surprising.

Really.  I'd rather Microsoft and Nokia profit together, not this monster mashup.  J
If it has to be then it has to be but I hope that the Nokia team does not get folded into the windows phone team, rather it should be the windows phone team to be folded into Nokia's team.  Hope the Nokia team will teach those windows phone guys the meaning of alacrity.

considering most of the devices and services division probably focuses on hardware, its most likely going to be integrated into the hardware division, with those focusing on firmware and software being integrated with the software division (remember: its not just "the windows phone team" anymore, with Windows, Windows Phone, and the rest of their software being under one division now)

I agree. Good. I just hope Microsoft doesn't screw it up.

The question now is what happens to my Nokia stock? Is it going to become Microsoft stock, or what?

Nokia didn't sell Nokia, they basically sold their hardware department. Take a look at your stock, you just made some cash.

Thanks. Dunno how it all works - I just happened to think of putting some stock in my Roth last year, to see what would happen.

Not necessarily. Google still uses the Motorola brand, despite there being (unknown to a lot) another Motorola not owned by Google focusing on corporate and task specific hardware. This could be the same, where "Nokia" consumer devices are belonging to Microsoft, and Nokia HERE and other services unowned by Microsoft being their own entity.

what the hell are you talking about? they are already running windows phone and it a very good os that need a bit of an improvement in the app ecosystem to become really successful.

How many of y'all kept refreshing WPCentral to see when this would post? I know I'm not the only one. Lol

You're not, I sent them a couple emails tipping it and kept checking. Good move all a round. Now I wonder if they will stop here with Elop or make him CEO. Fun and interesting times indeed.

That's funny because I know I did. I was thinking "how is it wpcentral hasn't posted this yet"?!? We have really come to relay on this site for quality WP news. I hope Nokia innovation doesn't slow now that that part is owned by MS.

lol slow?
please, windows 8.1, visual studio releases,, office 356, the difference between kinect 1 and kinect 2 is huge, IE10 was just released for 7 and now we have IE11 in RTM some months after it., surface firmware updates.. etc etc etc. and you call that slow? only because Windows Phone hasnt gotten any big update this year, it doesnt mean it didnt get updated. Windows Phone depends on alot of things because its using now NT kernel, but it doesnt mean they arent working on it.

Article correction: Nokia Asha runs on S40 platform not symbian, nokia doesn't produce symbian phones now.

Only negative i see is that wp team continue to move more slowly with nokia gone they do not have to answer to anyone else

Also the fact the MS seems to generally fail with hw. Nokia products will likely be decent for a while in to the future though.

Fail in hw? Microsoft keyboards, Microsoft mouse, Xbox, Surface, etc are all great quality products. Surface is slowly gaining traction but all the other things I mentioned are very famous and have had great success.

that doesn't mean the surface isn't a quality product. is there any review that says the surface is poorly built? i haven't seen one. the complaints are about app for rt and battery life for the pro.

Nokia is not gone. Its the same group of people under a different name but running as a separate entity.

they are getting 34000 employees from nokia. i think those employees might even take over windows phone development.

Insecurity, but also, what comes as a result of what insecurity exists about. Nokia was supposed to launch a RT tablet in the next weeks that's radically different from Microsoft's Surface line (at least in design). I love my Surface Pro, and wouldn't want it to become like the Nokia tablet, but I also see the beauty of the Lumia-style tablet. Will they keep both? I think it would be a win, but it would also be a not very homogeneous product palette. I'll be curious to see how that one plays out.
Generally, I love Microsoft, and I love Nokia, but I don't want Nokia to abandon its identity - having both is a great combo, and I hope Nokia's identity will be preserved over time.

Yes he did, and because of him Nokia is now a relevant brand. They were on the right track to gaining profit without being bought by Microsoft (well just their Devices and Services unit). I just wanted Nokia to regain their former glory without a major part of the company being bought.

What happens to the Nokia that's left with just NSN, HERE, and Advanced Technologies during and after those ten years?

If I remember correctly the article states that they will be purchasing the patent division and all patents to date from Nokia.

I argee. Mostly are going nuts saying He sold Nokia to make it stronger. OK GO SELL OFF YOURSELVES MAYBE YOU'LL TURN STRONGER BUT YOU'D BE A SLAVE A SUBSIDARY A DIVISION, YOU'RE SOLD However NOKIA FANS need not to say anything as Nokia was still performing better than BB, Motorola & HTC still what was the need to sell it. Steven Elop was a Microsoft Employee prior of being Nokia CEO but Now that Trojan is back to his home in Microsoft safely with a Corpse of Nokia. 

and the board of the directors had no say in any of this. the shareholders will vote on this as well. there are former ms employees running many companies. 

I just woke up and went to Nextgen Reader first and was like... Am I still asleep? Why won't I wake up??? And then I realized I was already woken up..

Same here thought was it some bad news or something but Its sad. Loved you loads Nokia(feeling bad as if someone died). Thanks a lot to WPCentral for being a lucrative source of info for all the app, updates & News. Would be sigining off soon from here... :/
I know a troll would come and whatever I care less.

Wow. This is HUGE news. There is virtually no other news that could trump the magnitude of this announcement in the scope of Microsoft. And I'm not sure how to feel about it. Let's hope for the best!

How about and if you pre-ordered your XB1, open your front door, we're outside with it now (or at least a date would be nice). 
But seriously, I hope this means the end of network exclusives.  I bought a 925, but want a 1020 (TMOUS) and DEFINITELY want the rumored 1520.  They should go the (I can't believe I'm going to say this) the apple route and deliver updates directly and completely take the carriers out of the loop so we don't have to wait a year for major updates and we can be confident that we'll get at least 1 major update for our devices (like the i-devices) and we don't have to hope that our carrier doesn't just skip the updates with major bug fixes because it's inconvenient for them (that happens on Android and WP both as they are now).

Yeah like their MSN, Bing, Bing Maps, all Microsoft made apps on WP8 were not even close to Nokia's quality and neither Microsoft got the the Path, Flipboard, Real Racing, TuneIn Radio like apps. Instead their Bing maps takes support of Nokia here maps. Well Its dead and sold..

you are quite pessimistic....... consodering the number of changes happening at once at microsoft, one could say they are barely their former company. The devices and services division will still exist and could still do what its been doing. only now they can work directly with those who make the os to make lumias better than ever, by having even more improvements made to the os in a quicker time frame, and improving hardware auppprt just the same. Micrlsoft, and the portion of nokia sold, have a lot to gain from this, so being all pessimistic saying their dead is like saying someone is a goner the minute they catch a cold.
(pardon possible spelling errors. WPCENTRAL's text input system is awful, ironically doesnt work correctly with the on screen keyboard in windows, and disables autocorrect half the time. and my tablets' screen is cracked, so its hard to see some words sometimes.)
also, the bing news and weather apps i find great (thpugh the mobile version of news lacks synced rss like the tablet/pc version), and i find the mail app more functional on 8 than people let on.

Everything fits the puzzle. Everything. Stephen Elop will now be Microsoft's CEO. First proposition failed, Surface RT was doomed under Ballmer, reorg announced, sudden stepdown of Ballmer then now, acquisition of Nokia Devices and Services unit, Elop transferring to MS along with other Nokia employees. What more? It's pretty obvious. Microsoft ruining Nokia under Elop is very unlikely. 

I for one agree and predicted that if Elop leaves for becoming Microsoft CEO he wont leave Nokia behind. :/ Saddest day of my life :/

Yeah, but the same people will still run Nokia, and still be in charge of the Lumia line if phones.. One plus is that maybe, just maybe, a version of WP will replace the OS in the Asha line.. That could possibly increase WP market share into Android territory❗

Nokia will be at the helm of a more potent Windows Phone. Now that Microsoft saw the importance of mobile services, Apple surely is shaking with fear. Google must be shocked by this but at this point, Apple is in a very delicate position. 

Yes its the same ppl who'll run Nokia now but they're not static forever, They also come and leave much faster than these CEOs. But once sold means SOLD. Its not Nokia anymore its Microsoft's Nokia like Microsoft's Xbox, etc.
Hate you Elop.. RIP Nokia loved ya.

No, they won't. They will only ruin Lumias. Nokia will still exist, just not as phone manufacturers.
This is a sad day for Nokia owners. I hope shareholders block this deal. I want to have a Nokia Lumia but I'm not certain I'll like having a Microsoft Lumia. :-|

Literally same here I didn't feel the same for my phone what I felt before. Its like the phone too has changed into someone else :/ I wish the Stakeholders may bring a halt to the deal, but extra bribing & forcefully stakeholders too may agree. And mostly stakeholders care for their money and they know its now Microsoft. But for me Nokia is dead as a Nokia fan.

Microsoft appears to have rights to use the Nokia name for 10 years. So, it'll be the same people building it, with the same management, in the same location, with the same name. But I agree, Nokia will still not remain exactly the same. Nokia plus boatloads of cash doesn't sound bad, but I'll be curious whether the result is an improvement. Hopefully so.

Should have trolled them before the buyout.  Nokia: "We're releasing an Android phone next week."  A week after MS buys Nokia: "Just kidding, no chance in hell!"

I'm guessing a lot of them might cease to exist or be rolled into MS services (Nokia Music comes to mind). Others like the HERE apps will likely stay as is (since HERE is staying with Nokia) but might no longer be bundled with MS Lumia phones in preference for Bing apps.

considering the fact that Microsoft uses HERE for bing maps, and nokia phones launch HERE maps in lieu of bing maps, I doubt it

This is sort of sad for me. I mean, I Love Microsoft, and I Love Nokia, and I Love them both for different reasons. I grew up in the cellphone boom, when Nokia dominated, and they sort of always did their own thing, and innovated in their own ways. I like what Microsoft does, but now, I guess Nokia may likely pick-up Microsoft’s internal culture, which I don’t particularly like the idea of. It feels like Nokia will lose what makes it Nokia, but will gain a lot of financial support in return. The Finish people may not be too happy with this, I suspect, but I don’t know. On the plus side, the likelihood of Elop being CEO is now very possible, and if you ask me, that’s wonderful news.
Time will tell the result of this, but I wish them both the very best.

I think nokia still keeps the same structure, and mostly the same employees - at least for a while, with the +of a multi billion dollar company in the back

Totally agree with you, lets hope that Nokia's devices & services division will remain original as it is after the aquisation and continue to push forward their new innovations. I just can't immagine what will come out with Msft's cultural influence on Nokia phones.

Good. Microsoft will pump much needed cash into Nokia, Elop probably will take over Microsoft and Nokia will have full access to Microsoft's portfolio as well as North American market.

Microsoft's licensing deal for the Nokia brand doesn't include future Lumias — Nokia as a smartphone brand is effectively dead, as Microsoft takes the lineup in-house.

Might be the end to carrier exclusive contracts.  Nokia did that because they could not afford to promote it themselves....but microft?...they got the money!!

Of course it was about carrier exclusivity.  Microsoft doesnt want "their" flagship (lumia 1020) ruined by only being on one carrier.  My guess is they plan on fixing this issue asap!!  You think verizon doesnt want to promote this phone? about tmobile?....of course they do!!

No, they don't. They want control.
Google with their money and Samsung with even more money was unable to do this. Only Apple so far has managed to break the carrier stranglehold. Hope it's different this time.

Microsoft will now impose on Nokia their sluggish way of work. Say goodbye to firmware updates, say goodbye to great Apps, say goodbye to continuous improvements. The nightmare that is the slow development of WP will now infect all the Nokia components.

I really don't think this'll happen since the Nokia employees are being transfered. It's not like 32000 people are just going to sit on their asses all day.

Oh, yes they are!
Or thing might turn out well ;)
Kinda mixed feelings about this though...

Of course not, but the modus operandi of both companies is clearly different. Microsoft's Windows Phone Team is clearly much slower in working. Unless there's a 180º shift in the modus operandi from Microsoft, Nokia's speed will come down.

Also, remember that 32000 people doesn't mean 32000 engeneers or designers. It also means store employees, salesmen etc.

You are correct about the windows phone team being slow, but I did read some time ago that a lot of efforts inside Microsoft were being pulled towards windows 8.1 (you could imagine why, they own that market share, they cant slip)

I would assume that out of those 32k employees Microsoft already has plans to put many devs and engineers into the windows phone team (or work side by side) seeing as how they already have experience with all the nokia apps they have delivered.

Like many, I don't know how to take this news. I am just waiting on time to tell. Lets hope it turns out great because this industry needs COMPETITION.

"Also, remember that 32000 people doesn't mean 32000 engeneers or designers. It also means store employees, salesmen..."

Cleaning ladies, window washers and cooks, as well.

32000 ppl aren't gonna be there forever Sold means Sold you're not what you were now Nokia works upon Microsofts instructions or preferred rebranding if possible. :/

What slow WP development? They've already had two significant updates this year and gdr3 is close to finishing if the rumors are true. And then Blue will be out early next year. In fact, if anything Nokia will enhance that even more with their innovative team. I think this is easily a win-win.

What JonnieLasVegas said.
Nokia is much faster improving things than Microsoft. Both GDR1 and GDR2 was minor updates. They didn't improved anything substantial (battery in GDR1 was important but that's it). As Microsoft itself admited, they focus these GDR's in enabling more phones instead of improving the OS. GDR3 will not improve anything substantial either, it will only allow stuff for the "phablet", like the 3 rows of tiles.

As for "Blue"...expectations are too high. I may be wrong (and I hope I am since I intend to keep my L920 until the warranty expires) but I think Blue will be, again, purely cosmetic and superficial, just like WP7.8 was (remember all the hype around it? Tons of stuff was supposed to come...and in the end...different tiles was basically it.)

Right, but the gdr updates have been necessary to move the platform forward in a way that can compete with android in the budget space. Also remember that OS development is always slower than app development. What I do think this will do for MS is bring the innovative side of Nokia into the equation. Its obviously yet to be seen, but I still think this is a win for the platform.

But they haven't. Take GDR2 for example. That was made to accommodate the L1020...a really niche phone which only competes with the Galaxy Zoom. GDR3 will enable the phablet...another niche phone to compete with the Galaxy Note 3.
My fear is that Microsoft will deform Nokias innovation drive. Until now Nokia forced Microsoft to move their feet. If they get sucked in, there goes the power of Nokia to force innovation upon Microsoft.

"What slow WP development?"

Don't get me wrong, I love my Lumia... but I agree. There are people waiting for a basic Notification System since 2010. If that ain't slow, what is?

Lol❕ I hope you're wrong.. Please god let you be wrong.... WPC should post a video prayer held by Daniel Rubino❗

Well dear you spoke my heart out. Its all gonna be very lazy sluggish and lame. Or maybe Nokia would also go through same what Zune went to XBox and Nokia to Surface rebranding. SkyDrive name patent case lost which means rebranding of SkyDrive name within a year's time. If I ever see Elop I'd bang his head on a HARD SURFACE.

News of the decade! Well, at least for us Microsoft and Nokia fans. Hopefully even The Verge will even pick up on this story...

As someone who use WP because of Nokia, and use Nokia because of WP, this is a good news indeed. I really hope they can achieve Apple's level of hardware and software integration. 

Now that is my dream. Hardware & Software as one.
Here's hoping Microsoft learned its lesson with the Surface pricing and subsequent $900 Billion write down. Nokia was building momentum with quality and price of their devices. Microsoft now needs to continue said trend.
I'm excited and depressed by this news however. I'm gonna put my skepticism aside (for now) and dream tonight of Microsoft's brave new Devices and Services Decision. PS. I still want my Nokia branded "Phablet" (thanks for keeping the Nokia brand alive MS).

Elops plan all the way... Get Nokia share price low to be acquired by MS. What a game plan... I am definitely giving up this one now...

Don't know if you've been following the share price, but NOKs value has over doubled since 2012, and early this year had reached a high of tripling.

Overall, investors were cautiously happy with what Nokia was doing.

If Elop's plan was to drive down share price, he failed :D