Nokia And Microsoft, Sittin' In a Tree…

In a somewhat surprising move, Nokia NOK and Microsoft MSFT have joined forces to produce a new phone. The phone itself will reportedly be developed by Nokia, but by providing the Windows Phone 7 operating system, Microsoft will play an integral role in the phone's creation. According to the Wall Street Journal, Nokia Chief Executive Stephen Elop believes that Nokia and Microsoft will combine their strengths to deliver “an ecosystem with unrivaled global reach and scale.” “Nokia is at a critical juncture, where significant change is necessary and inevitable in our journey forward,” he said.