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Nokia Shares Rise Over Speculation of Alliance With Microsoft

     
12:41 pm on Feb 4, 2011 (gmt 0)

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Nokia Shares Rise Over Speculation of Alliance With Microsoft [nytimes.com]
Shares of Nokia, the mobile phone market leader, climbed for a fourth day on Thursday amid speculation that the company may be poised to announce a software alliance with Microsoft designed to revive its struggling U.S. smartphone business.

Nokia’s shares have risen more than 4 percent since Monday when an analyst, Adnaan Ahmad of Berenberg Bank in Hamburg, urged the Nokia chief executive — and former Microsoft executive — Stephen Elop, to form an alliance that would put Microsoft’s Phone operating system on Nokia’s advanced smartphones.

9:33 am on Feb 11, 2011 (gmt 0)

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Nokia shares drop 9% after alliance with Microsoft announced.