Motorola has sold off a good chunk of its mobile equipment unit to Nokia in a deal that will net Motorola a wad of much-needed cash and give Nokia opportunity to expand in the fast-moving mobile environment.
Nokia has gutted one of its least profitable divisions, the one that sold wireless modems, as it concentrates on its mobile phone business.
The mobile operating system created by Intel and Nokia is going to have a tough time making a splash against Android and iPhone OS, but Meego is now available on netbooks where it stands to make some inroads.
Nokia and Yahoo, two powerhouse companies that have been blindsighted by emerging technologies around them, are apparently working on something big.
Nokia's executive vice president at the helm of the company's Mobile Phones unit is resigning from the position, after only 6 months of holding the job.
Nokia, the company that produces more phones per year than any other company, has just revealed its latest device, one that carries its biggest price tag in over 3 years.