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Nokia: a lesson in how high-tech flyers can fall fast

In just five years Nokia fell from dominating the mobile phone industry to abandoning the handset business, a swift fall from grace with lessons for market leaders. The story of Nokia, now at the toughest stage of the restructuring cycle, is a particularly salutary business case about the fast-moving, high-risk, high-reward, tech sector for hip consumer goods.

Nokia losses slow as company faces scaled-down future

Finnish mobile phone maker Nokia slashed losses to about a tenth from a year ago, as analysts voiced optimism Tuesday about the iconic brand's future as a smaller, nimbler player. The company announced a net loss of 91 million euros ($125 million) in the third quarter, down from a massive 959 million euros in the same period in 2012. Although turnover during the three-month period dropped 22 percent to 5.6 billion euros, much of that loss was due to the company's ailing handheld business, which is soon to be sold off.

Exclusive: Nokia weighs Alcatel tie-up after Microsoft deal - sources

By Nadia Damouni and Ritsuko Ando NEW YORK/HELSINKI (Reuters) - Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company's review of how it can grow after the planned sale of its handset business to Microsoft Corp, several people close to the matter said.

Microsoft swallows Nokia's phone business for $7.2 billion

Nokia, which will continue to make networking equipment and hold patents, was once the world's dominant handset maker but was long since overtaken by Apple and Samsung in the highly competitive market for more powerful smartphones.
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