Nokia Continues Asset Liquidation; Qt to Digia, Patents to Vringo
By on August 11th, 2012

With the Q2 earning numbers still looming, Nokia has been trimming weight like a boss and there seems to be nothing they won’t do to get some greenbacks in their pockets.

Digia, the company who agreed to licensed Qt from Nokia back in 2011, has just taken full custody of the red-headed stepchild project. That is, they’re going to acquire all Qt software technologies AND Qt business from both what Nokia was working on, and what Trolltech was doing. While Nokia had great dreams for the cross-platform UI framework, they never really managed to actually make a dent in the mobile platform race with Qt. They agreed to leave KDE alone, and in the event that everything hit the fan, they could essentially be ousted and KDE could release Qt under the BSD license. This agreement holds true with Digia, as they stated in a news post;

We also are committed to continuing the special relationship Qt has with the KDE community via the KDE Free Qt Foundation. We believe that this symbiosis is valuable for everyone involved.

Digia plans to release Qt for iOS, Android, and Windows 8, on the double. Nokia has lagged around with Qt long enough and it’s nice to see that Digia is looking towards the future. Hopefully they can get to work with the Jolla Mobile folk and hit the ground running.

 

Vringo has also been in talks with Nokia, but this is for the purchase of over 500 patents and patent applications. If you’ve never heard of Vringo, they describe themselves as “engaged in the innovation, development and monetization of mobile technologies and intellectual property.”. If you HAVE heard of Vringo, it’s likely because either you, or somebody you know, was dumb enough to subscribe to their premium video ringtone service. A fool and his money are soon parted.

It’s quite clear that Vringo is acting as a middleman for patent usage royalties, and possible upcoming patent infringement lawsuits. Apple and Samsung can’t have all the fun, can they? It’s said the patents are worth roughly $22 million, and Vringo sold off $31 million worth of their stock in order to pay Nokia.

Hopefully Nokia has plan which consists of more than “sell it all off, let Microsoft lead the way”. Even making the first Windows Phone 8 device likely won’t save them if the asset auction continues and the board is blinded by the incoming cash flux, not realizing they are losing their roots.

Source: Digia, Vringo

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Author: Simon LR

Simon LR has written and can be contacted at simon@techie-buzz.com.
 
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