Nokia developing 'Meltemi' OS for feature phones?

Although Nokia still hopes Windows Phone will round out a "three-horse race" with iOS and Android, it's said to be cooking up an entirely new operating system aimed at lower-end handsets. According to the Wall Street Journal, the OS (codenamed "Meltemi") is meant to cement Nokia's top dog status in emerging markets, where feature phones remain king. Makes sense: low-end phones accounted for 47 percent of the company's device-and-services earnings in the second quarter. We're not sure if the adage "when one door closes, another one opens" exactly applies here, but either way, it looks like we've hardly seen the end of software updates out of Suomi.