Kimberry Pitt
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Time for Microsoft to rescue Nokia

I can't believe that it's the end of Nokia. I still remember back in the day that I owe Nokia black and white screen and I paid over $1000 for that and think it's the coolest phone. Well I guess that was too old. Nokia can't survive in this smartphone business and compete with the big rival like Apple (AAPL), Google (GOOG), and Samsung. Now Microsoft (MSFT) sees the opportunity and acquire Nokia Corporation (NOK)'s device, service section and also Nokia's patents for $7 billion. At least I feel a little release for Nokia employee that Microsoft will bring 32,000 Nokia all along and also CEO Stephen Elop which might have potential to become new CEO for Microsoft. Microsoft will use stockpile of overseas cash to pay Nokia. Well I don't know this will really work for Microsoft. Right not its has only 3% of market share on the smartphone business so I'm not what trick that Microsoft will use to bring this phone business alive again.