ADVFN - Advanced Financial Network.
HOME» NASDAQ » M » MSFT Stock Price » MSFT Stock News

Microsoft Share News

 Microsoft (mm) Stock Price
MSFT Stock Price
 Microsoft (mm) Stock Chart
MSFT Stock Chart
 Microsoft (mm) Stock News
MSFT Stock News
 Microsoft (mm) Company Information
MSFT Company Information
 Microsoft (mm) Stock Trades
MSFT Stock Trades

Nokia Sells App Development Software to Digia

By Gustav Sandstrom Nokia Corp. (NOK) Thursday said it has agreed to sell its remaining share of software development kit Qt to IT firm Digia Oyj (DIG1V.HE) for an undisclosed sum, as the ailing Finnish handset maker continues to divest assets in a bid to return to profitablity. Following its decision to focus on smartphones based on Microsoft Corp.'s (MSFT) Windows Phone software and more basic handsets built around its own Series 40 platform, Nokia will no longer use Qt as a development framework for its products, said company spokesman Mark Durrant. The Qt toolkit, which enables software developers to build programs such as smartphone apps across various technical platforms, was originally developed by Norwegian IT firm Trolltech, which Nokia bought in 2008 for around $150 million. According to Digia, the programming kit has been used by over 450,000 developers across 70 industries. Once the world's largest handset maker, Nokia has long been losing market share as consumers have abandoned its old Symbian smartphones for newer devices such as Apple's Inc.'s (AAPL) iPhone and handsets based on Google Inc.'s (GOOG) open-source Android platform. To raise cash, the company earlier this summer sold most of its luxury handset business Vertu to Swedish private equity firm EQT for an undisclosed sum. It has also announced massive restructuring plans including 10,000 new job cuts to trim costs, and said it hopes to make NSN, its telecom gear joint venture with Siemens AG (SI), more independent. Finland-based Digia, which acquired the Qt commercial licensing and services business from Nokia in March last year, said it expects by the third quarter to take over the remaining business, including technologies, copyright and trademarks as well as up to 125 employees in Norway, Germany, Finland and the U.S. Digia plans to make Qt available for mobile operating systems including Google Inc.'s (GOOG) Android, Apple's iOS and Microsoft's Windows 8, it said Thursday, adding that it expects the Qt business to grow profitably in the coming years. Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Microsoft (MSFT)
DateTimeHeadline
10/24/201412:00:18TECH STOCKS: Microsoft Gains Help Lead Tech's Advance
10/24/201411:10:04MARKET SNAPSHOT: U.S. Stocks Wobble, Stay On Pace For Big Weekly...
10/24/201410:08:32MARKET SNAPSHOT: U.S. Stocks Edge Up, On Pace For Big Weekly...
10/24/201409:33:45U.S. Hot Stocks: Hot Stocks to Watch
10/24/201408:32:34MARKET SNAPSHOT: U.S. Stocks: Futures Fall After N.Y.C. Ebola...
10/24/201407:03:51MARKET SNAPSHOT: U.S. Stocks: Futures Slips After NY Ebola News;...
10/24/201405:52:20MARKET SNAPSHOT: U.S. Stocks: Futures Slip; P&G, Ford Results...
10/23/201416:50:48MARKET SNAPSHOT: Dow Rises 217 Points As U.S. Stocks Notch Solid...
10/23/201415:45:11MARKET SNAPSHOT: U.S. Stocks Surge; Industrials Rally
10/23/201411:10:27TECH STOCKS: Tech Stocks Rise Ahead Of Microsoft, Amazon Earnings
10/23/201410:16:18MARKET SNAPSHOT: U.S. Stocks Surge; Dow Rises 200 Points
10/23/201409:33:49Microsoft Braces for Another Nokia Hit--Earnings Preview
10/23/201409:28:49MARKET SNAPSHOT: U.S. Stocks: Futures Rise; Tractor Supply Surges...
10/23/201408:38:23Five HP Executives Sell $12.3 Million in Stock -- Barron's
10/23/201408:32:23MARKET SNAPSHOT: U.S. Stocks: Futures Climb As Caterpillar Results...
10/23/201408:05:36Yahoo Set to Deliver an Alibaba Tax Shield -- Barron's
10/23/201406:02:40MARKET SNAPSHOT: U.S. Stocks: Futures Climb; 3M, GM Results On...
10/23/201402:40:07Nokia Outlook Bullish As It Swings to Profit
10/22/201417:14:12U.K. Seeks Help From Tech Firms in Combating Extremists Online
10/20/201407:21:13Microsoft to Unveil Smart Watch Available for Holiday Season...

Microsoft and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad