Microsoft writes off $7.6B, admits failure of Nokia acquisition
Microsoft today wrote off billions of dollars related to its Nokia acquisition, saying it's taking an "impairment charge" of $7.6 billion, or nearly the full amount it paid for the Finnish firm's smartphone business and patents last year.The announcement slapped the failure sticker on the last major move made by former CEO Steve Ballmer, who pushed for the Nokia deal in his final months in office against objections by, among others, Satya Nadella before he was elevated to the chief executive's chair.MORE ON NETWORK WORLD: 10 (FREE!) Microsoft tools to make admins happier "It was a mistake to begin with," said Jack Gold, principal analyst at J. Gold Associates. "A monumental mistake. Microsoft had no business being in the cut-throat, low-margin phone business. Who's making money in phones besides Apple?"To read this article in full or to leave a comment, please click here
The indie cloud proivder is growing up.
OpenStack appliances are proliferating.
Now is the time to sign up for the Cisco DemoFriday! Learn how your organization can maximize network programmability & automation with Cisco Open NX-OS.
Read the best-practices for telecom solutions for high-availability service that meets the demands of today’s SLA-driven markets.
If you haven't signed up for any of our FREE Ansible trainings or webinars, head over to our