Microsoft to Buy Nokia’s Devices Business for 5.44 Billion Euros
Source: Bloomberg
Microsoft Corp. (MSFT) agreed to pay 5.44 billion euros ($7.2 billion) for Nokia Oyj (NOK1V)s devices business and license patents as the Finnish company, once the biggest maker of mobile phones, struggles to maintain market share.
The deal includes paying 3.79 billion euros for the devices unit and 1.65 billion euros for patents, the companies said in a statement today. Nokia Chief Executive Officer Stephen Elop will step aside to return to Microsoft, they said.
Nokia is coping with cash-flow challenges stemming from weaker demand as its phones lose share to devices from Apple Inc. and handsets using Google Inc.s Android operating system. Elop has cut more than 20,000 jobs and suspended the companys dividend in January in an attempt to improve its finances.
After a thorough assessment of how to maximize shareholder value, including consideration of a variety of alternatives, we believe this transaction is the best path forward for Nokia and its shareholders, Chairman Risto Siilasmaa said in a statement.
Siilasmaa will become interim CEO of Nokia.
Nokia reported in July a 27 percent drop in the number of handsets sold in the second quarter. Its lost more than 5 billion euros in nine quarters.
Read more: http://www.bloomberg.com/news/2013-09-03/microsoft-to-buy-nokia-s-devices-business-for-5-44-billion-euros.html
Goodby Symbian, hello Windows Phone.
Could be a very smart move for MS.
PoliticAverse
(26,366 posts)onehandle
(51,122 posts)cstanleytech
(28,316 posts)could come in handy in their battle vs apple.
onehandle
(51,122 posts)The three of them have been cooperating somewhat to calm the patent war. Samsung is too unstable to trust. Google is pretty pissed about Samsung's losses in court to Apple. They open Google to future legal headaches.
Locut0s
(6,154 posts)You would think they would be satisfied with making damn good hardware, I'm no apple fan boy believe me but I'll give credit where it's due. But no they have to play dirty as shit too. It's maddening.
cstanleytech
(28,316 posts)They know that Samsung has phones now good enough to compete with the iPhone so they had to do something to counter it and their iPhones themselves were clearly not doing the job so they used what they had, patents.
Not that I agree with the strategy but I can understand it but anyway in the long run it will only delay the inevitable fall of Apple if Apple doesnt get back on the ball and introduce new products people never knew they wanted or needed.
onehandle
(51,122 posts)The market leader is the top target of patent suits. Apple has only acted on a few key patents, which Google warned Samsung not to infringe on, because they link Android's theft of intellectual property. Luckily for Google, Apple has seemed to make some sort of peace with them since Steve Job's death.
Apple is the patent trolls' No. 1 target, with 171 suits since 2009
http://tech.fortune.cnn.com/2013/08/28/apple-patent-troll-npe
Response to scooter rider (Original post)
Cronus Protagonist This message was self-deleted by its author.
Locut0s
(6,154 posts)Windows Phone 8 is certainly MSs best phone OS by far and a fairly good phone OS in general, but I wouldn't say it's the future. Android still seems to have a lock on the market and it keeps getting better IMO.
Xyzse
(8,217 posts)Sadly, it is lacking in variety of apps and the market for it is sparse at best.
They also may have to figure out a way to make it easier to transition apps from the droid or iPhone to their system. Not that I can see that happening easily.
Biggest weakness I found in their phone is the lack of navigation and maps that work well.
The droid was able to replace my GPS, the iPhone and the Windows Phone wasn't able to do so as well.
Until they address the apps issue perhaps by making amazing things that people can get for free, I don't see it pushing through.
There are also many who would be unwilling to leave their current platform since they have apps that have their user data that they want to migrate.
This is particularly true for games that people paid money for.
Cronus Protagonist
(15,574 posts)And I also don't care about apps. All I use are texting, web, phone and email. I don't need an app for anything. As for maps, well, they're all useless to me.
Xyzse
(8,217 posts)Then, any of them are alright and to me function pretty similarly.
I dislike the limits I have with the iPhone in regards to the file system and emailing.
I do not have those limits with the Windows phone and the Android OS. Particularly if you want to mail and download some crazier files that are not easily accessible. That is even worse when it comes to trying to download from a website.
Have you ever tried to download something from the iPad or an iPhone, even something as simple as a PDF from a website? Have to work around it. Then, trying to email something that you place in the internal drive from the phone, I've had a harder time of it with the iPhone in comparison to the other two. Not to say that it is impossible, but the initial work around took quite a while longer.
Still, the iPhone is definitely a stable OS, and crashes far less than most droid phones I've come in contact. Windows phone, I must confess, I've only dealt with one. It was slow since it was an unlocked version that did not support the 4G system of my carrier. Although, saying that, navigation and going online, I didn't really see much difference in loading time to the other two, which was interesting.
---
Phones I've handled:
Apple OS = iPhone 4s
Droid = HTC MyTouch4G and Samsung Galaxy III
Windows = Nokia Lumia 800
There are a lot more varieties in regards to droid and windows, so their performance varies.
I must confess, that I still think that the older non-smart phones were far better in regards to phone and texting. I also haven't dealt with a BlackBerry.
Response to scooter rider (Original post)
Name removed Message auto-removed
jtuck004
(15,882 posts)
Here.
Judging by browser's connected, only about 50-55% of the users who bought Win 8 are actually using it. Here.
They seem to have missed the fact that most people don't create content, and those that do tend to be more sophisticated, discerning, and Win 8 isn't for that crowd. Among those Linux has made great strides, much improved from earlier years (the word "amazing" comes to mind). And free of cost, which doesn't hurt at all.
MyNameGoesHere
(7,638 posts)They making billions off that?
jtuck004
(15,882 posts)But then, freedom is more important to some than kissing a giant corporate ass...
MyNameGoesHere
(7,638 posts)But for work, play, and just general compute needs, they make nothing that is even close to satisfying. Sure if I want to get my geek on and tinker, it's great. But really how many people do that on a regular basis? I would guess about 1.5%.
jtuck004
(15,882 posts)days, before the Internet, when you had to buy a cd from the local computer geek store, later for one of the first ISPs, and then working as a network admin for several years through iterations of Windows products, I am absofreakinlutely amazed at what that product puts on people's desktops.
Most people live in a browser anyway, and Firefox is easily as good as Explorer. The free version of Libre Office on Mint works really, really well, far better than Open Office on Windows, and one can get the whole shebang for the time spent in a download. One can even put it on a thumb drive, plug it in to a USB port and run the "Live" version to see how it works on their computer without even getting rid of what they have. Virtually every important piece of the user's desktop experience has been addressed in Mint. If it is a corporate office and they need support, Red Hat is the first linux company to have revenues into the billion dollar arena, I think, so that is available. But for ordinary users, it's really hard to beat "no cost to you", and there is a lot of help out on the webs.
When I was working at the old ISP, they were Unix gearheads, and thoroughly convinced that the superior engineering of Sun would be where the future was. I watched, however, as mom and pop got a copy of Windows 95 (3.1 and even Workgroups was still too clunky, but '95 changed that) and could pop in the cd, install, and be more or less up and running with our instructions. The boss (fool) used to lambaste his own customers when they called in with Windows, but he was so caught up in what he thought he knew that he couldn't see things changing around him. They thought I was crazy to pursue learning about Windows, (actually more like pitied me) but it was clear that even though it was hardly the best software, it was adequate, and, most importantly, didn't required the digesting of several manuals to run. In my experience most people are more like network admins, who are generally more pragmatic and just want to get the job done, put out the fire, vs programmers, who will spend hours arguing over the most elegant solutions
.
I have put several Windows onto Linux Mint, and, frankly, not one has wanted to spend the money to switch back. And the bonus is that their older hardware from 3 or 4 years ago runs it like a champ most times.
And given how Bill Gates is hurting a lot of teachers, and by extension students, in many people's opinion, here, and here, and here, with his money giving him the power to create "foundations" that keep him in the background, like the Koch brothers and the Teabaggers, I am quite happy to find that there is a decent alternative to supporting his agenda. And one of these days I may be able to get completely away from it.
MyNameGoesHere
(7,638 posts)distros including Mint. They lack. Sorry they aren't up to par with modern day Windows and Mac OS. Although if they took a page from Mac they could actually make something enjoyable, considering it is a nix as well. A well done Nix.
I am sorry but the biggest bragging rights Linux and their users have is, it's cheap. I get to screw the man. WTF? If that is the whole point of Linux they lost a long time ago.
Open Office? You are joking right? Nothing more than someone project that is twiddled with occasionally. Oh and I hear to no end the gaming under Steam.. Wow now there is some innovation, after 20+ years you can finally play some B side games on it. Whoot Progress.
jtuck004
(15,882 posts)undercut your neighbor's job so they can't pay the taxes to support your community, while Gates and the Koch brothers reshape our country.
No, it doesn't have slick packaging, and it doesn't have the administrative tools that take care of networks like my last one with 26,000 users. But it does a much better job of providing web services and DNS, and it is good enough for the vast majority of users. Interesting, with the improvements to Powershell in Server 2012, the pointy-clicky people get to re-enter the world of the command line in a way that wasn't easily done for many years. I actually think it's good for them, they will learn more about what is underneath.
But as far as the above, users don't run the OS, they run applications. Windows is good if they have the money, or if they need to run a consumer-grade app like Quickbooks, although much of that stuff can now and is being provided across networks, and linux/unix does a very reliable job for less cost. Gamers are a different story, and I don't deal much with them. Thank goodness.
Snobs may not like it, and people who make money from it while screwing others may not like it, but users don't give a flying fuck about what OS is underneath as long as their browser or favorite app is working, and for the majority of users, once they find that linux does it I have never seen one want to break their wallet open and lay down the money for what they now know is far less value than they used to think. Windows users also proved, this year anyway, that they prefer not to have to buy brand new hardware just because a new OS hit the scene, which is why MS is having to spin the language about their sales of Win 8 instead of looking at actual installed users, even having to come out with an 8.1
Thus, arguing about much of the above is mostly suited to wasting time and impressing people who are led around by flashy tv commercials. The rest of us are quite happily running our applications and providing services. And reducing the tribute paid to people who are screwing our neighbors.
ymmv.
jtuck004
(15,882 posts)the Synaptic Mgr in Mint (or on any linux, and there is a version for Windows as well), then install the extensions and guest additions from the Sun site where it is hosted, and run Windows 7,8, even Server, other versions of linux, whatever, in "virtual" machines on your linux desktop. Is great for studying, or if there is a game or a business application that requires Windows - or say they want to try the newer versions of Windows available for download - instead of re-installing their computer, they can download the ISO, and instead of burning it to a dvd or flash drive, just attach the ISO to the virtual cdrom drive in VirtualBox and install it from there.
For people who have little money, which is, increasingly, a larger and larger pool, linux sure seems to be a solution to help them stay connected to job and life resources for less cost.
TM99
(8,352 posts)in one form or another is in so many devices you use daily and probably aren't even aware of, I think Linux is doing great!
From machine control systems, industrial automation, and medical instruments to car computers to set-top boxes like the Roku to Android cellphones and gaming consoles, Linux runs on all of these safely, cheaply, and openly.
MyNameGoesHere
(7,638 posts)Can you beat that?
TM99
(8,352 posts)because Java tends to 'run' on other top of an OS. So most of those 3.5 billion devices that run Java are actually running Java in one form or another on top of a Linux kernel. Android is basically Java (Dalvik) and Linux for instance.
I love running Java SE Embedded 7 on a little GuruPlug Server, which is a little ARM microcomputer running Linux Kernel 2.6.32. Again, it is a Linux run device with Java as my programming environment. I have programmed in Clojure on small devices which is LISP in a JVM on top of an embedded Linux OS. J2EE Forth is another great example of Java & Forth together which I run on small Linux powered devices.
hunter
(40,489 posts)It's free. It doesn't care about "market share." All it needs to be is free and open source.
Free and Open Source software is already such a huge and diverse resource that no private corporation will ever be able to duplicate it's functionality.
The explosion of "smart" devices owes everything to easily licensed ARM processors and free open source software like Linux.
Port gcc to your latest-greatest computer architecture and go. Toolchains that are not free and open source are obsolete and moribund. They just don't know it yet.
MyNameGoesHere
(7,638 posts)How can intelligent people spew this "free and open" stuff? It is neither.
hunter
(40,489 posts)http://en.wikipedia.org/wiki/Android_%28operating_system%29
Safari? Chrome? Webkit.
If Microsoft was smart they'd release Window as Open Source software. Otherwise there's no way they will be able to keep up.
But they are stuck in the old ways...
There's no way they can "win" against a world population of free and Open Source software developers, many (like me) who are occasionally paid.
MyNameGoesHere
(7,638 posts)That is a little deceptive no? Mac, the most restrictive platform ever and you insinuate it is build on some free and open platform?
Android is a fine example of free and open gone awry. It's like the wild west with that platform, no standards, no refinement, and very disjointed.
So you are a free and open developer that, ermm gets paid. Ok. I am the guy that takes care of the mess caused by the "free and open" crowd and actually makes it work, for not so much free.
hunter
(40,489 posts)Have you ever picked apart proprietary code? It's often more hideous than anything you find in the open source world.
In any case, IBM's choice of the 8088 microprocessor and the rise of Microsoft and the x86 architecture was a catastrophe, a dead-weight retarding human progress.
I don't use Apple, Microsoft, Adobe, or Android products, unless you consider their corporate contributions back to the Open Source community as "products."
Browsers based on Open Source Webkit now dominate the World Wide Web.
I don't even have Flash installed on my computer any more. If I can't see something because it's presented in Flash then that's the presenter's loss, not mine. (It actually saves me seeing a lot of crap. Maybe not a plan for everyone... I don't watch television or play video games either.)
Take off the "business casual" uniform (if you can) and jump in. The water is fine, and this Open Source ocean is huge.
Locut0s
(6,154 posts)They had their chance to penetrate the market and get Windows Phone launched really well when Nokia and MS were separate. The Nokia N9 was a very good phone, it was reviewed well and most people who got it seem to like it very much. But it didn't take off like they had hopped. I don't see how merging MS and Nokia will suddenly change things when they had such a successful attempt like that and it didn't really work.
Xyzse
(8,217 posts)The problem with the Windows Phone OS is that only Nokia adopted that OS fully in to their phones.
Nokia is running out of money and would probably do so by 2014 without Microsoft's influx of money.
If Nokia was to go down, they don't have any other manufacturer to take place.
Unless MS can get either Samsung, HTC or anything else to fully adopt their platform they would disappear without Nokia.
davidpdx
(22,000 posts)Though that was a merger. Nokia doesn't have much worth as it once was. They may have bought dead weight.
Paulie
(8,464 posts)Anyone remember Danger? MS killed them pretty thoroughly after purchase. MS is about 5 years late buying Nokia.
Danger was the company that powered the TMobile "Sidekick"
Rain Mcloud
(812 posts)Microshaft bought out the competition and stole shamelessly from those who would not sell,blatantly leaving copyright and coder comments right there in the code.
They fought tooth and nail against internet connectivity until a palace revolt inside M$ forced them to embrace it for Win95 and later the X-Box.
They spent Billions on projects that people did not want outside of Fanboy circles(Tablets,X-Box One anybody? Anybody?).
Wasted time and money for an all-in-one OS to compete against Open Source developers and swiping their code in the bargain.
"So lets fire the out of touch CEO and go back to our original strategy of buying out the competition and hire Computer Engineers(internship) to develop a new mobile OS and pay $7.50 an hour on six month contracts."
I have been waiting for years with bated breath and covered eyes for the fatal mis-step.
Each time,i swear this is going to be the one that finally kills it but it never happens.
In a Laissez Faire world there really is a golden Parachute that opens again and again and never fails.
How long can the blind cat wander through a room full of old people in rocking chairs before it gets its tail under the rails,runs through the fireplace and sets an entire city ablaze?
Never,in this bizzaro universe,apparently.
Xithras
(16,191 posts)In theory at least, owning Nokia gives Microsoft the ability to control the entire product, from software to hardware. This type of control has only been held by Apple until now, and has allowed Apple to deliver a carefully tailored user experience that Android devices have struggled to match. If handled properly, this could be the smartest move that Microsoft has made in years.
But then again, it's Microsoft...the odds that they'll handle it properly are rather small.
scooter rider
(80 posts)The recently released Google/MotoX phones have the latest "pure" Android operating system and are at the top of the list for the updates much like the Nexus line.
There is now speculation that Google/MotoX phones will assume the Nexus name this fall with additions to the line.
I haven't read anything about their Nexus Tablets so maybe they'll stay with Asus. I don't think Motorola is set up to do tablets.
If you didn't already snag Google's 8 GB Nexus 4 smartphone at its lower price of $200, it's too late now.
The 8 GB model is sold out at the U.S. Google Play Store, and it won't be restocked, according to The Verge. The 16 GB Nexus 4 remains on sale for $250, though it's unclear whether Google will restock the more expensive model.
Google reduced the prices of both models by $100 just a week ago. At the time, the price cuts looked like a preemptive strike against a rumored cheaper iPhone from Apple; now it just seems like Google is clearing inventory.
But for what? Rumor has it that a Nexus 5 is in the works, but details have been scarce so far. LG, which produced the Nexus 4, said in May that it is not working on a follow-up, despite several reports to the contrary. A couple of other reports have claimed that Motorola will actually produce the Nexus 5. At this point, there's not a lot of certainty about who will make the next Nexus, how much it will cost or what it will look like.
http://www.techhive.com/article/2048044/the-low-cost-nexus-4-smartphone-is-gone-for-good.html
hunter
(40,489 posts)This is like that.
Welcome aboard the Titanic...
