Microsoft Finally Confirms What I've Been Saying
by Jacob Steinberg
Many people claimed for many months that Microsoft (MSFT) was working on a smart phone of its own. When the idea came up last summer, I pointed out that the only way for Microsoft to build its own smart phones would be by acquiring Nokia (NOK) and building phones under Nokia's brand name. Until recently, I kept insisting that Microsoft wouldn't be building its own smart phones. This is very similar to how I said Nokia shouldn't and won't build tablets while everyone else was saying that it makes perfect sense for Nokia to compliment its smart phones with a tablet. On Tuesday, Microsoft finally announced that it wasn't interested in building a smart phone at the moment. read more »
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