By: Aldo Panessidi
Technology companies are increasingly traded, acquired, and merged within industry similar to commodities with enormous sums of money involved. Since the stakes are high in these transactions - industry rumors of sales, mergers and acquisitions are closely monitored and followed. It is this high-energy atmosphere that may account for Nokia’s inability to quell rumors swirling about selling its Nokia cell phone line of business to Microsoft.
The Finnish company’s smartphone future was called into the speculation spotlight once again this Wednesday when Danske Bank informed its clients that Nokia will be selling the smartphone division to Microsoft sometime in the first half of 2012. This kind of claim carried serious clout as it came from the largest bank in Denmark. And with any speculation, there is money to be made which undermines some confidence in veracity. After making this announcement, Danske Bank changed the rating of Nokia stock from “Hold” to “Buy” - appropriately, and strangely similar sounding to Microsoft’s bing.com price predictor…). Empower your ability to enhance your mobility and turn your device into a power tool. Discover select accessories, such as, stylus & pens, SD Memory cards, data cables, chargers and batteries all specifically designed to make your devices functionally efficient and performance rich.
This could be a great move for the Scandinavian company as they have seemed to struggle with the transition from feature phones to smartphones. The Symbian OS is nowhere as popular as its Google and Apple counterparts and its most recent smartphone releases are sporting Windows OS. The mobile accessories, consumer driven and end-user intuitive electronic gadgets have been surprisingly lacking as well which has affected the “stickiness” of the smartphones in the global market place. And where is the tablet to accompany and complement these technologies?
In May Nokia vehemently denied the rumors of a sale, but they kept cropping up as reports continued to come in that the two companies were indeed in discussions. The response from Nokia this time? “We put these rumors to rest a long time ago.” Clearly not, Nokia. Clearly not.
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