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
04/20/201523:51:12Yahoo, Microsoft Amend Terms to Terminate Search Deal
04/20/201523:50:09Yahoo, Microsoft Can Terminate Search Deal Anytime On Or After...
04/20/201523:49:43Yahoo, Microsoft Can Terminate Search Deal Anytime After Oct...
04/20/201522:20:18China, China, China! Coffee, Coffee, Coffee! Oh, and Tea, Too:...
04/20/201516:03:02Nokia Corporation: $17 Billion Acquisition of Alcatel Lucent...
04/20/201515:01:02Microsoft Corporation: Could Bing Finally Be a Real Challenger...
04/20/201509:25:125 Stocks Warren Buffett Would Never Buy
04/20/201509:10:04Is Europe Picking on Google?
04/19/201512:00:033 Low-Risk Tech Stocks for Retirees
04/19/201510:05:11Forget Intel Corporation's PC "Problems" -- It's A Buy
04/19/201509:16:45MARKET SNAPSHOT: Peak Earnings Week To Follow Big Global Selloff
04/18/201514:00:042 Big Data Companies to Invest in Now
04/18/201512:49:02Everything You Need to Know About Google's EU Antitrust Suit
04/18/201511:40:02How Does Apple, Inc.'s New MacBook Stack Up Against The Competition?
04/17/201519:00:033 Companies Are Helping Microsoft Corporation Steal Android From...
04/17/201510:28:023 Best Stocks for Investing in Wearables
04/17/201509:22:02How to Build a Portfolio of Tech Stocks
04/16/201517:20:03What Apple Inc's Purchase of LinX Means For New iPhones and iPads
04/16/201516:20:02The Cloud Battle Heats Up Between Amazon.com Inc, Google Inc...
04/16/201515:00:04Here's How Intel Corporation's PC Chip Sales Could Rebound This...

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