Major Shake-Up Headed Nokia's Way

"News outlets are already reporting bits and pieces of the new strategy supposedly leaked from insiders. Reuters said Wednesday that unnamed sources at the company confirmed that Nokia has halted development of its new high-end mobile operating system, Meego. And The Register in the U.K. said in its story that "well-placed sources" inside of Nokia told it that Nokia is considering moving its headquarters from Espoo, Finland, to Silicon Valley."

"And Nokia this week may announce that it is adopting an operating system from one of its rivals, either Microsoft's Windows Phone 7 or Google's Android, according to The Wall Street Journal. The Journal said today that Nokia is in talks with Microsoft about making use of Windows Phone 7, along with its own Symbian software. Before joining Nokia last fall, Elop was a top executive at Microsoft."