Thursday, February 17, 2011

Nokia (NOK) Chairman Says Nokia Windows (MSFT) Products Ready in 2012

While Nokia (NYSE:NOK) and Microsoft (NASDAQ:MSFT) are working feverishly to get a smartphone out using the Windows Phone 7 platform in time for the Christmas season, Nokia chairman Jorma Ollila said in an interview the company will definitely have smartphones out by 2012.

Talking with Finnish broadcaster YLE, Ollila said, "These Windows-based products (will be available) from 2012 onwards."

Ollila confirmed what Nokia CEO Stephen Elop has asserted, that there were a number of suitors Nokia could have chosen from.

Google (GOOG) and RIM (RIMM) have already said they had been talking with Nokia, with Google aggressively pursuing the partnership. RIM allegedly rejected doing a deal, although that hasn't been completely confirmed.

According to Ollila, there has been no pressure from shareholders to oust Elop, although a few malcontents have attempted to make some waves.

It's doubtful anything will be done with Elop until the end of 2012, or at least until half-way through the year. At that time there will be a better picture on how the deal is playing out.

Much will be determined on the dates the first products are released and how they fare. That'll take some time to work out.

Nokia closed Wednesday at $9.10, up $0.03, or 0.33 percent.

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