Nokia Corp. (NYSE:NOK) and Microsoft’s phone deal has been on track.

Nokia Corp. (NYSE:NOK) And Microsoft Back Together

According to reports, Nokia Corp. (NYSE:NOK) and Microsoft’s negotiations over their smartphone partnership are apparently proceeding on schedule.

The first Nokia Corp. (NYSE:NOK) branded smartphones running Windows Phone 7 should hit stores by next year as their alliance takes shape.

Under the terms of the agreement, Nokia Corp. (NYSE:NOK) will also collaborate with Microsoft on various development and joint marketing initiatives.

Kai Oistamo, the head of corporate development at Nokia Corp. (NYSE:NOK) said that, “Negotiations have progressed very well. They will be concluded well on schedule.”

Nokia Corp. (NYSE:NOK) stocks are currently standing at 9.02.

Price History
Last Price: 9.02
52 Week Low / High: 7.73 / 15.7
50 Day Moving Average: 9.21
6 Month Price Change %: -15.7%
12 Month Price Change %: -44.0%