Phone deal with Nokia became Microsoft’s $10 billion mistake
May 25, 2016
When Microsoft bought Nokia’s phone unit, then-Chief Executive Steve Ballmer touted the deal as a move that “strengthens us as a company in so many ways.”
Instead, the acquisition seems destined to be remembered as one of the company’s largest strategic missteps, a costly failure to boost Microsoft’s weak standing in mobile computing.
Since the $7.9 billion purchase of Nokia handset business was sealed in April 2014, Microsoft has laid off thousands of employees at manufacturing plants and research facilities from Redmond to Finland to China.
Oops. The article I was referencing claimed September 2014. . . but it was actually September 2013 when Microsoft made their Nokia acquisition announcement. So it WAS a Balmer fiasco! Sorry about that Dennis. Another commentary on the state of Journalism today.
My apologies for correcting you when it was YOU who was correct.