Mary Jo Foley:
Some company watchers — possibly the ValueAct crew, among others — haven’t bought into this idea. ValueAct officials haven’t said explicitly that they think Microsoft should exit the devices and consumer markets, but the implication is definitely there. And there have been repeated calls by Wall Street for Microsoft to either sell off or at least split off some of its businesses like Xbox and Bing.
Adding Nokia to the Microsoft mix could make it a lot more difficult to justify carving up Microsoft along devices and services/software — or consumer/enterprise — lines. Are smartphones consumer or enterprise? What about Lumia phablets or tablets?
An interesting thought: that the Nokia deal was also done to ensure a “One Microsoft” future rather than the company being forced to create a half-dozen “Mini Microsofts”.