Today in Tech: Facebook email rolling out, NokSoft's $1 billion deal

March 8, 2011: 6:00 AM ET

A curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.

Nokia-Microsoft smartphone mockup. Photo: Engadget

  • Microsoft is paying Nokia $1 billion to develop and market Windows Phone 7 smartphones. In exchange, Nokia will pay Microsoft a fee for each copy of Windows Phone 7 used on its devices, and those costs will likely be offset as the company downsizes its internal software research and development spending. But the two still have a lot to prove. Nokia shares have dropped 26% since the relationship was announced last month, and Microsoft doesn't seem to be faring that much better. According to new data from comScore, the latter's share of the U.S. smartphone market slid 1.7% from October 2010 to January 2011, the first three months Windows Phone 7 was on the market. (Bloomberg and The Microsoft Blog)
  • Western Digital will buy Hitachi Ltd.'s disk-drive business for about $4.3 billion in cash and stock. The move is yet another indication that the hard drive space is consolidating. Where once the market had dozens of suppliers, there are now only four. (Wall Street Journal)
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