After watching its Symbian smartphone devices lose ground in the global market for several straight quarters, Nokia has moved to cut its losses by shrinking the scope of the Symbian Foundation. On Monday, Nokia announced that it will take over development of the Symbian platform from the foundation. The foundation will devolve into a legal entity responsible for licensing software and other intellectual property such as the Symbian trademark. However, the Symbian Exchange and Exposition 2010 in Amsterdam will go on as scheduled on Nov. 9 and 10, the Foundation said.
