Yahoo sent out a press release yesterday inviting press to watch CEO Carol Bartz announce something exciting. BoomTown did some digging and found out that Nokia and Yahoo have a deal in the offing. They are calling it “Project Nike” in the (most likely vain) hope that it will bring them victory.
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Both Nokia and Yahoo have had trouble keeping with the latest twists and turns of the mobile industry. Nokia has been unable to establish their smartphone brand in the US, while Yahoo finds themselves slipping further and further from relevancy every day. Yahoo-driven (or at least amplified) phones may be the path out of darkness. That's what both companies are praying for, at least.