Nokia's Windows Tablet Project On Hold?

NEW YORK ( TheStreet) - Can Nokia ( NOK)-manufactured Windows 8 tablets compete with Microsoft's ( MSFT) Surface? Nokia CEO Stephen Elop seems to think so. Will they? That's another story.

As a matter of public record, Elop recently stated that a Nokia tablet has great potential. Producing the tablets, he added, is of great interest to the company.

But now he may be backtracking a bit, telling The Verge that his company's still considering touchscreen PCs but is now "monitoring the dynamics" of producing such a device. He believes Nokia still has enough unique ideas about how to deliver a tablet which can compete in tomorrow's marketplace.

Currently, Nokia and Microsoft are tight partners when it comes to developing and making handsets which run on the Windows Phone 8 platform. But when it comes to tablets, Microsoft makes and sells these new Surface devices under its own brand name.

If Nokia were ready with a tablet of its own we probably would have heard about it from this week's Mobile World Congress taking place in Barcelona. Instead, Nokia announced new mid-priced and low-priced Lumia smartphones, as well as two new feature phones for developing markets. Those markets continue to provide Nokia with a steady stream of willing customers.

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Gary Krakow is TheStreet's senior technology correspondent.

More from Technology

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials

3 Apps Than Make Retirement Planning Fun for Millennials

3 Apps Than Make Retirement Planning Fun for Millennials

IBM, Oracle, Microsoft and Others Are Plunging Into 'Blockchain-as-a-Service'

IBM, Oracle, Microsoft and Others Are Plunging Into 'Blockchain-as-a-Service'

Worries About a Trade War Could Throw Wrench Into the Tech Stock Rally

Worries About a Trade War Could Throw Wrench Into the Tech Stock Rally

Decision on AT&T's Merger With Time Warner Marks a Monumental Week for M&A

Decision on AT&T's Merger With Time Warner Marks a Monumental Week for M&A