Nokia CEO Stephen Elop has officially announced the “first real Windows Phone” known as the Nokia Lumia 800. The Lumia 800 has a single-core 1.4GHz processor. It has 16GB of internal storage and a 3.7-inch ClearBlack AMOLED screen with a black, cyan, or magenta case with speaker holes drilled in. The Lumia 800 has a camera button that triggers the f/2.2 Carl Zeiss Tessar lens. The operating system is Windows Phone Mango and it comes with 25GB of SkyDrive storage. The price is €420 ($580) without subsidies. You can pre-order the Lumia 800 now and it expects to be shipped in November in the UK, France, Spain, Germany, Italy, and the Netherlands. The Lumia 800 has a quad-band GSM device with 14.4Mbps HSDPA speeds. The 8-megapixel camera captures 720p30 video and there is 9.5 hours of 3G talk time. [This is my Next]

Nokia Corporation (NYSE:NOK) and Apple Inc. (NASDAQ:AAPL) have announced a patent license agreement together. The agreement will end all patent litigation between both companies. This includes complaints being withdrawn from the U.S. International Trade Commission.

Nokia Corporation (NYSE:NOK) announced this morning that they plan to align their workforce and will be consolidating some operations. As a result, there will be a massive layoff. Nokia will be cutting about 4,000 employees by the end of 2012. Most of these job cuts will take place in Finland, Denmark, and the U.K. Nokia will also be transferring all of their Symbian software jobs and 3,000 employees to Accenture Plc (NYSE:ACN).

Nokia Corporation (NYSE:NOK) CEO Stephen Elop has revealed some interesting information through an interview with Reuters. “We’re right now, today, having people work on the first Windows Phone devices from Nokia. That work is already under way. If this was an acquisition scenario, that wouldn’t be possible,” stated Elop.

Nokia filed a form 20-F on March 11 with the SEC that confirms that they have not finalized the deal with Microsoft. Microsoft and Nokia have “entered into a nonbinding term sheet… (while) the planned partnership with Microsoft remains subject to negotiation and execution of definitive agreements by the parties.”

Earlier this month Microsoft Corporation (NASDAQ:MSFT) signed a deal with Nokia to have their smartphones powered by Windows Phone 7. What you may have not known is that Microsoft is paying billions of dollars to make the deal happen and there was a bidding war with Google Inc. (NASDAQ:GOOG). Nokia CEO Stephen Elop did not mention the financial value of the deal initially. Elop said that Microsoft’s payments were recognition that Nokia had “substantial value to contribute.” Nokia’s market share in the smart phone market was just over about 30% in the fourth quarter of last year. Stephen Elop is a former executive at Microsoft. He said he was not a “Trojan horse” at Nokia, meaning giving his former employer a leg up in the deal. [TechSpot]

Microsoft Corporation (NASDAQ:MSFT) and Nokia Corporation (NYSE:NOK) announced plans to form a strategic partnership. Nokia will be integrating Windows Phone 7 into their smartphones as a result. Nokia will be contributing their expertise on language support and hardware design. The Microsoft Bing search engine will power Nokia’s search services across all of their devices. Nokia Maps will be a core part of Microsoft’s mapping services too. Below is an open letter from Microsoft CEO Steve Ballmer and Nokia CEO Stephen Elop:

Nokia CEO Stephen Elop put together a harshly worded memo earlier this week. It was basically a wake-up call to the company that they are standing on a “burning platform.”