Microsoft Mobile

Microsoft Windows Phone 7 Investment To Exceed $1 Billion

A while back, there had been rumors that Microsoft could be acquiring RIM or Palm in order to turnaround its sagging fortunes in the smartphone segment. However, according to Bill Koefoed, a manager of Microsoft investor relations, the company could be investing as much as $1 billion in developing its Windows Phone 7 platform.

What this could then mean is that an acquisition of Palm or RIM is out of question now. One had imagined Redmond to acquire one of these handset manufacturers not just for the hardware but also the OS platform that they had built. But with so much money pumped into the research and development of the company’s in-house OS, it is unlikely that Microsoft could still be looking at an acquisition.

[via Forbes]

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