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Nokia says it's not going to start making phones again

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We hope you weren't counting on Nokia reviving its phone business. The Finnish firm is now bluntly denying claims that it's planning to return to making phones -- there are "no plans" to make or sell any, Nokia says. That's not surprising given both the company's expansion of its networking efforts and an agreement with Microsoft that it won't make phones until at least 2016. Simply speaking, Nokia wouldn't have the cash or permissions to build these devices in the near future. With that said, the company mentioned this fall that it was considering licensing its storied name to a third party handset maker. If you don't mind buying a Nokia-approved phone, there's still a chance (however small) that you'll get your wish.

Source: Reuters
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