Microsoft to Give Billions to Nokia

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Nokia announced on Friday that the phone giant's OS of choice would be the Microsoft Windows Phone 7 operating system. The news however caused Nokia's shares to plummet on the NYSE. The news for Microsoft should be substantially better in that such a major player in the smartphone market has made the decision to support the fledgling OS.

The Nokia Corporation is scheduled to collect billions of dollars from Microsoft as a result of Nokia's plan to support the Windows Phone 7 platform

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