Summary: I have been saying for two years now that Nokia is toast because it has hitched its wagon to an also-ran in the smartphone race. The only out for the company is a takeover by Microsoft and now this is done. Will it work though?
I am back after a long Labor Day break and I wanted to jump in here with a few thoughts on Monday night's announcement that Nokia's mobile handset business is being taken over by Microsoft. I first started talking about Microsoft and Nokia forming an alliance when the dance first started in February 2011. Back then Nokia's Symbian OS was still the dominant one among all handsets because the shift to smartphones in the mobile space was not as vigorous as it now is. So it made some sense for Nokia to ditch Symbian and move to smartphones. B...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.