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September 12, 2013 10:41 am GMT

Nokia Chairman Risto Siilasmaa Outlines Its Next Reinvention

nokia-logoIn a blog post, Nokia chairman and interim CEO Risto Siilasmaa gave more details about the company's plans now that it has exited the smartphones business. This marks the most recent reinvention for the 150-year-old company, which began as a paper mill in the 1860s and moved on to rubber products before morphing into an electronics maker. Without its Devices & Services division, which it sold to Microsoft last week, Nokia now has 13-14 billion in annual revenue, a workforce of56,000 and much more cash in its war chest thanks to Redmond's $7.2 billion payment.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zTg04dwwRUI/

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