Why Are Finnish People Not Happy With Microsoft Corporation (NASDAQ:MSFT)?

Posted by sara Frank October 8, 2013 0 Comment 1843 views

The Finnish people are not too happy about the fact that Microsoft Corporation (NASDAQ:MSFT) is acquiring Nokia’s devices division and that Stephen Elop will get a major compensation for seeing this deal through. Despite the unhappiness over the deal, the people still seem to have streak of humor in them. Some pranksters changed the road-signs at Nokia’s birthplace ’Nokia’ and the signboards have ‘Microsoft’ splashed all over them.

These signs are not permanent and the stickers that have been positioned over the original Nokia sign say “Microsoft”. The prank is a simple one that can be reverted but it shows the displeasure of the local populace in the fact that their National brand has been taken over by Microsoft.

Monday’s trading session

In Monday’s trading, Microsoft Corporation (NASDAQ:MSFT) rose by 0.98%. The opening price of the shares was $486.56, which climbed to an intraday high of $492.65 and dipped to a close of $487.75. Approximately 11.15 million shares were traded on Monday while an average volume of 13.88 million shares were traded over a 30 day period. The 52-week low of Microsoft Corporation (NASDAQ:MSFT) shares is $385.10 and its 52-week high is $666.00. The company has a market capitalization of $443.12 billion.

About the company

Microsoft Corporation (NASDAQ:MSFT) is involved in the development, licensing as well as in supporting a variety of software services and products. It operates in 5 segments: 1) Windows & Windows Live Division, 2) Server and Tools, 3) Online Services Division, 4) Microsoft Business Division, and 5) Entertainment and Devices Division. Its products include operating-systems used in personal computers, phones, servers, and other intelligent-devices; server-applications used in distributed-computing environments; productivity-applications; business-solution applications; desktop and server-management tools; software-development tools; video games as well as online advertising.  The company is also engaged in designing and selling hardware, such as the Xbox 360 gaming and entertainment-console amongst others.

About sara Frank

Sara Frank is our chief congressional correspondent, Sara has covered the presidential campaign, Congress and congressional campaigns. Prior to that, she covered the U.S. House. Sarahas also worked covering the House, Senate and campaign finance. Among the numerous honors she has received for his reporting, Sara is the recipient of an Emmy Award from The National Academy of Television Arts and Sciences. She was also nominated four times for a national Cable Ace Award.

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