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© Nokia Electronics Production | June 03, 2011

Stephen Elop: 'No sale to Microsoft'

The Finnish mobile phone giant Nokia is not for sale. Nokia-boss Stephen Elop called the rumours "totally baseless".
As previously reported, the company had further lowered its financial forecasts for 2Q. Nokia also said that it's full-year outlook would also be abandoned. "Nokia believes it is no longer appropriate to provide annual targets for 2011."

Rumours about Nokia and a possible sale to Microsoft have been around for quite some time, fueled by Tuesday's announcement. Mr Elop defended the decision to enter into a strategic partnership with Microsoft in the smartphone segment. "Nokia is not for sale." The first Nokia devices - with Windows Mobile 7 - should enter the market already this year.

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