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Nokia’s problems haunt Microsoft

Nokia Corp warned on Thursday that its cellphone business is quickly deteriorating and that it will cut 10,000 workers, a setback that threatens partner Microsoft Corp’s mobile aspirations.

The companies bound themselves together last year in a last-ditch effort to compete in a smartphone market dominated by Apple Inc and Google Inc. Now, Microsoft faces the possibility that the company responsible for two-thirds of its mobile software shipments may not be strong enough to give it influence in mobile computing.

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(Source: The Wall Street Journal Online)