Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Microsoft Corporation (MSFT) Mammoth Monday: Interesting Details, Nokia Corporation (ADR) (NOK)’s Offering & More

Editor’s Note: Related tickers: Microsoft Corporation (NASDAQ:MSFT), Nokia Corporation (ADR) (NYSE:NOK), Apple Inc. (NASDAQ:AAPL)

Nokia to sell handset business to Microsoft for $7.2 billion (Reuters)
Two years after hitching its fate to Microsoft Corporation (NASDAQ:MSFT)‘s Windows Phone software, a withered Nokia Corporation (ADR) (NYSE:NOK) collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros ($7.2 billion). Nokia, which will continue as a maker of networking equipment and holder of patents, was once the world’s dominant handset manufacturer but was long since overtaken by Apple Inc. (NASDAQ:AAPL) and Samsung in the highly competitive market for more powerful smartphones. Nokia’s Canadian boss Stephen Elop, who ran Microsoft’s business software division before jumping to Nokia in 2010, will now return to the U.S. firm as head of its mobile devices business.

Microsoft Corporation (MSFT) Giving Apple Inc. (AAPL) a Run for its ‘Patent Money’

Microsoft’s Finnish data center plans, and other tidbits from the Nokia takeover call (Gigaom)
Microsoft and Nokia held a press conference on Tuesday morning to discuss Microsoft’s takeover of Nokia Corporation (ADR) (NYSE:NOK)’s phone hardware and services business. Naturally, several interesting details came out about the deal and its likely impact. The first came from Nokia’s interim CEO, Risto Siilasmaa (Stephen Elop is back off to Microsoft Corporation (NASDAQ:MSFT), and is in the running for Steve Ballmer’s job). Siilasmaa said the two companies had been mulling over the deal since February this year – and Microsoft was the suitor: …Continuing on that theme, outgoing Microsoft CEO Steve Ballmer insisted that the transferring business would stay in Finland, much as Skype has stayed anchored in Estonia.

Analysts applaud Microsoft’s purchase of Nokia device and mobile division but warn about future (ITProPortal)
Chris Millington, UK & Ireland MD at Doro summed up what was on the minds of many commentators this morning after Microsoft announced it had purchased Nokia’s mobile and business division for £3.2 billion. “My first reaction is wow – the mobile industry is capable of such incredible change. Whilst this news is not a surprise, it does mean that Microsoft Corporation (NASDAQ:MSFT) will now have the platform to deliver its mobile strategy. For business users specifically, this really does signal a significant opportunity – especially for Nokia Corporation (ADR) (NYSE:NOK)’s smartphone offering. However, does it mean the end of Nokia’s feature phone business? Will future product development and focus now shift to Microsoft-only smart devices?”

Five cool things that could happen from the Microsoft-Nokia deal (CNet)
The big news this week (besides the upcoming IFA tradeshow in Berlin) is Microsoft’s announcement that the company will pay US$7.2 billion for Nokia’s devices and services unit division (the fee includes payments for patent licensing). With this, Microsoft’s Windows Phone section becomes no longer just a licenser for its OEM partners. Instead, it now competes with them. Microsoft’s deal with Nokia will mean that current products will stay branded Nokia Corporation (ADR) (NYSE:NOK), but upcoming Lumia handsets (apart from the Asha feature phone set) will be branded as from Microsoft Corporation (NASDAQ:MSFT).

Microsoft following Apple’s lead? (CNBC)

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.