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U.S. markets recover from steep losses
ESPOO, Finland, Feb. 11 (UPI) -- Finnish phone seller Nokia said Friday it would tie its future to Microsoft Corp., electing to put the U.S. firm's operating system in most of its smartphones.
"Nokia and Microsoft will combine our strengths to deliver an ecosystem with unrivaled global reach and scale," Stephen Elop, Nokia's chief executive officer, said in a statement.
Referring to the rivalry between Apple's iPhone and Google's Android system, Elop said, "It's now a three-horse race."
Microsoft Chief Executive Officer Steve Ballmer said: "I am excited about this partnership with Nokia. Ecosystems thrive when fueled by speed, innovation and scale."
Nokia said it would relegate its Symbian operating system to the status of "a franchise platform." Its second operating system, MeeGo, developed with Intel, would be turned into an open-source product, the firm said.
Some analysts were surprised, given the popular Android operating system was a possibility for Nokia. CCS Insight gave credit to Elop for recognizing the Symbian system was not keeping up with the competition, but said Microsoft had more to gain from the deal than Nokia, the newspaper reported.
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