Opinion Tech USA

Nokia has denied the rumors about the sale of its mobile business to Microsoft.

Earlier in the Internet rumors that Microsoft is going to spend 19 billion dollars for the purchase of Nokia units for the production of mobiles. “There is absolutely nothing to say, these rumors are baseless,” – said Ilop during a conference D9, these days taking place in California.

On Tuesday, shares of Nokia have collapsed by almost 18% on the European exchanges reaching a 13-year low, the company’s shares continued to fall on Wednesday.

So the market reacted to the announcement of Nokia that the company expects a sharply drop of revenue from the sale of mobile phones and services, and revising downward the forecast for the second quarter of 2011.

In February, Nokia and Microsoft announced a strategic agreement under which the primary platform for smartphones Finnish manufacturer will be Windows Phone 7. As expected, Nokia will receive from the partner about a billion dollars to develop such devices.




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