Nokia

Jeff Chiu / AP Photo

Microsoft shares slumped more than 3 percent after the company reported a net loss of $3.2 billion in the most recent quarter as it wrote down much of the value of its Nokia acquisition.

Total revenue fell 5 percent in the June quarter, with a 13 percent drop in Microsoft's Devices and Consumer division, which included a steep drop in revenue from Windows due to declining personal computer sales. Revenue in the commercial side of the business was little changed from a year earlier.

Phossil / Flickr

It’s been just over a year since Microsoft bought Nokia’s phone business, and now the software company is admitting it hasn’t gone according to plan. Microsoft will cut 7,800 jobs – mostly in that phone division – and take an impairment charge of $7.6 billion, almost as much as it spent to buy Nokia. 

Microsoft wouldn’t disclose how many jobs in the Puget Sound region will be lost, but a spokesman says most of the layoffs will happen outside the U.S. Overall, the job cuts amount to more than 6 percent of Microsoft’s workforce.

Mike Mozart / Flickr

Microsoft’s profit dropped 11 percent in the most recent quarter, partly due to expenses connected to layoffs after the company’s purchase of the Finnish cell phone maker Nokia. 

Ted S. Warren / AP Photo

More than 1,300 Microsoft employees in the Puget Sound region got their pink slips Thursday as part of announced cuts to the worldwide workforce that could total 18,000 by the end of the year — the biggest in the company’s history.

Lehtikuva, Mikko Stig / AP Photo

Microsoft’s plan to buy Nokia’s cellphone business shows the company is serious about competing in the smartphone world. But developers of smartphone apps say Microsoft should focus on getting businesses to buy Windows Phones for their employees.

Microsoft says it is buying Nokia's devices and services business, and getting access to the company's patents, for a total of 5.44 billion euros ($7.2 billion) in an effort to expand its share of the smartphone market.

Nokia

When Nokia decided its Symbian operating system wasn't the path to success in the smartphone market and started looking for outside options, it found two major suitors: Microsoft's Windows Phone 7 and Google's Android.

The Friday before Valentine's Day, Nokia announced it was hooking up with Microsoft. Will this marriage work? Strategic News Service publisher Mark Anderson says this deal may not be the best thing that ever happened to Nokia, but it won't be the worst.

Brad Wong / Bellevue.patch.com

Making headlines around the Northwest this morning:

  • Wind, rain, snow hitting Western Washington
  • Search continues for missing Lake Washington kayaker
  • Nokia Getting Microsoft Billions to Ditch Smartphone
  • Ferguson Jumping Into Attorney General Race

 

High Winds and Rain Expected for Western Washington

The National Weather Service has issued a wind warning for the Washington coast and northwest interior through Monday evening.

Forecasters say the frontal system also is bringing heavy rain to parts of Western Washington and snow to the Olympics and Cascades. A winter weather advisory is in effect for the mountains where 10-to-18 inches of new snow are expected by Tuesday.

Nokia

In a widely expected move, Microsoft and Nokia have announced they're joining forces on the smartphone front. Nokia has long been a leader in the cell phone industry, but has fallen behind Apple and Google in the smartphone arena. Microsoft has been playing catch-up with its Windows Phone 7. The new partnership melds Nokia hardware with Microsoft software in what the companies hope will be a winning combination.