Fortune favors the prepared mind.
As the first decade of the new millennium drew to a close, Nokia was riding high on a series of smart choices and preparing to capture the next wave of mobile convergence. In late 2008, Nokia acquired the remaining 52 percent of Symbian that it did not already own for about $410 million in cash. Following this purchase, Nokia reorganized the UK-based mobile software company as a not-for-profit foundation to license its mobile operating system on a royalty-free basis to other cell phone manufacturers, which included Samsung, Motorola, and Sony Ericsson. The move was part of a strategy to democratize the cell phone marketplace.
Also in 2008, Nokia broke out its ...