Tuesday, June 24, 2008

Nokia now owns 100% of Symbian

HELSINKI, June 24 (Reuters) - Nokia Corp is buying out other shareholders of handset software firm Symbian Ltd and will open the software for royalty-free use in a move seen as a response to new rivals such as Google.

Symbian's software is used in two-thirds of so-called smartphones with computer-like capabilities and 6 percent of all cellphones, but open-source platforms such as Google's Android as well as Apple's iPhone will challenge its dominance.

Complete story can be found here:
http://www.reuters.com/article/marketsNews/idUSL246322920080624

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