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Nokia Is Taking on Google's Cell Phone Software Play
Posted on June 26, 2008
Nokia (NOK), the world's largest maker of mobile phones, is buying the software company that dominates the smart phone market, making it a real competitor to the likes of Apple (AAPL) and now Google (GOOG). The Finnish mobile giant is buying the remaining 52 percent of Symbian, a British cell phone software maker, which it has held the minority stake in, for a deal forth more than $400 million dollars. This is relevant for the US market, and not just because Nokia is traded on the NYSE (and by the way, up over five percent today on the news). It also has significant implications for the rest...
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