Ford Motor Co. CEO Alan Mulally will stay at the automaker through 2014, according to Ford board member Edsel Ford II, who reiterated the company's timetable. The announcement could mean that Mulally is now out of consideration to take the CEO spot at Microsoft once CEO Steve Ballmer steps down.
Nokia said its shareholders approved the sale of the Finnish company's devices and services business to Microsoft after 99 per cent of the votes cast at this week's extraordinary general meeting were in favour of the proposal.
It's no secret that the vast majority of what wireless executives say in public is not surprising. Usually it's a recitation of phrases, talking points and ideas they have made in the past that they are simply reinforcing. However, every once in a while, in an interview or unguarded moment, wireless executives can let loose a whopper.
Nokia sold at least 8 million Lumia Windows Phone smartphones in the third quarter, up from 7.4 million in the second quarter and far more than the 2.9 million it sold in the year-ago period, according to a Wall Street Journal report.
Outgoing Microsoft CEO Steve Ballmer held his final meeting with employees on Thursday, in what was reportedly a highly emotional event for the executive, who is stepping down after three decades with the company. Meanwhile, rumors continue to circulate about Ballmer's potential successors.
Microsoft, in the middle of swallowing partner Nokia's handset business and transforming itself into a devices and services company, faces challenges but has a clear path ahead of it, according to outgoing CEO Steve Ballmer and other executives.
Both the New York Times and AllThingsD have blow-by-blow accounts of Microsoft's decision to pay around $7.2 billion for Nokia's handset business and a license to its patents and mapping software. The nine-month saga began in January in a five-minute call from Microsoft CEO Steve Ballmer to Nokia Chairman and now interim CEO Risto Siilasmaa, according to the reports.
Microsoft's decision to pay around $7.2 billion for Nokia's handset business could put pressure on some of its other major OEM partners, such as Samsung Electronics and HTC, analysts said.
Microsoft CEO Steve Ballmer admitted that Nokia's Stephen Elop, a former Microsoft executive, is a candidate to replace him as CEO as he looks to step down sometime in the next 12 months.
Microsoft decision pay around $7.2 billion for Nokia's devices and services unit and a license to its patents and mapping software is being cast by analysts as a bold but risky bet that could leave the two companies more isolated in mobile than they were before the deal.