shareholders

Update 12 PM ET: It's official and the EGM is over. Shareholders have approved the deal between Microsoft and Nokia.

Nokia shareholders have today approved the Microsoft deal to purchase the company's phone division. The Financial Times reports that 99.7 percent of participating shareholders (around 5,000 attended the vote) were in favour of the deal going through. Microsoft will now integrate the Nokia division into Redmond, taking control of future Lumia and Asha products. 

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An angry shareholder has dropped a class-action suit that he filed back in May accusing Nokia of fraud. Robert Chmielinski, a Nokia investor, had claimed that Nokia spokespeople, including CEO Stephen Elop, knowingly made false statements about how its Lumia line of Windows Phones would boost their position in the global mobile phone market. The suit was based declining stock prices.

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Microsoft had its annual shareholders meeting on Thursday. And reading the press release, it sounds like the biggest snoozer ever.

But apparently things were a little different if you actually were there. A shareholder questioned Microsoft CEO (grilled may be a better term) Steve Ballmer on why Microsoft seems so much less cool than, say, Apple, especially when it comes to younger users. (Let's see: Exhibits A, B and C come to mind.) And the quote of the day:

"I'm just wondering why your marketing group can't do something to try to rein in this next generation, because you've got a real bad image out there."

No kidding.

Ballmer's probably as tired of that question as we are. Of course, he's in a slightly better position to do something about it. And simply deflecting talk about Windows phones — which absolutely don't get a fair shake — to Windows 7 and Office 2010 is a cop-out. The people want their phones, sir. They want their apps. They want their music. They want their video. And they want it now.

We've said it before, and we'll say it again. Microsoft has all the pieces. It's time to put them together and market them smartly. And it's far past time to deliver.

Techflash via Gizmodo

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