“Strategically, we believe this move makes sense for Microsoft as it relates to the company’s recently unveiled devices and services strategy,” he added. “Previously, the Microsoft-Nokia partnership resembled a three-legged race, as hardware, software, and marketing from two different firms tried to march in lockstep. As Microsoft looks to build on its presence in smartphones, we think this deal should help reduce the strategic frictions, provided the combination and cost-cutting go smoothly.”
Last month, Microsoft said Chief Executive Steve Ballmer planned to retire within a year. [Microsoft Rally Boosts Tech ETFs as CEO to Retire]
iShares MSCI Finland Capped ETF
Full disclosure: Tom Lydon’s clients own MSFT.