Nokia dumps Qt and over 500 patents in an attempt to stay alive

Nokia made two very important announcements this week. The first relates to a technology known as Qt. Back in January 2008 the Finnish handset maker purchased a Norwegian company called Trolltech for roughly $150 million. The goal of the acquisition was to slap their technology, Qt, on top of S40, Symbian, and MeeGo, so that developers could write applications for Nokia devices using a unified framework. Fast forward to the present day and Nokia has yet to port Qt to S40, they’ve abandoned Symbian and MeeGo, and Stephen Elop, the current CEO, has bet the company’s future on Windows Phone. Since Nokia doesn’t need Qt anymore, they’ve decided to sell the team to a Finnish company called Digia. Some 125 employees will be moved. Details of the transaction weren’t disclosed, but it’s safe to say that Nokia received no where near what they paid for Trolltech over four years ago. Continue reading “Nokia dumps Qt and over 500 patents in an attempt to stay alive”