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Keyword: nokia

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  • Apple Agreed to pay a One-Time Up-Front 1.7 Billion Euros ($2 Billion) to Nokia for Patent Rights

    07/28/2017 5:39:26 PM PDT · by Swordmaker · 7 replies
    NokiaMob.net ^ | 07/27/2017 | Nokia
    In today’s financial results, Nokia mentioned that it had increased cash inflow thanks to an “up-front cash payment of approximately EUR 1.7 billion, part of which was recognized in the second quarter 2017 results.” When Nokia announced back in May that it settled all litigation with Apple, they also said that they will update its capital structure optimization program, as one reader pointed out, which means Apple agreed to pay a big one-time amount. We contacted Nokia to confirm if the “up-front cash payment of €1.7 billion ($2 billion) (of which a part was recognized in Q2 results)” is from...
  • Nokia's Classic 3310 Phone Lives Again - And It Has 'Snake' Too

    02/27/2017 7:46:18 AM PST · by C19fan · 22 replies
    Forbes ^ | February 27, 2017 | Parmy Olson
    For years Nokia struggled to make a smartphone that captured the world’s imagination. On Sunday the answer finally came from an old classic. The Nokia 3310 feature phone, first released 17 years ago and a first-time mobile phone for millions of people around the world, is coming back to the market a little shinier and just as robust as before.
  • Microsoft is giving up on consumer smartphones, too

    05/25/2016 1:02:24 PM PDT · by Swordmaker · 47 replies
    ReCode ^ | MAY 25, 2016, 5:00A | BY INA FRIED
    The company is taking a $950 million charge to unwind the last vestiges of the Nokia deal. div class="c-entry-content"> Microsoft is further scaling back its flagging phone business, exiting the consumer market and cutting another 1,850 jobs.As part of the move announced Wednesday, Microsoft will take a $950 million charge and cut what little remained of its Finland-based phone hardware business, unwinding the last of its disastrous $7.2 billion acquisition of Nokia's phone unit. Last week, Microsoft announced separately that it was selling what was left of its low-end "feature phone" business.The company has been scaling back its phone ambitions...
  • Nokia sheds over a thousand jobs in Finland

    05/24/2016 7:22:29 AM PDT · by Lorianne · 3 replies
    Street Wise Journal ^ | 22 May 2016
    Nokia, once the undisputed king of the mobile phone industry, is to cut one thousand and thirty-two jobs in Finland, in a cost cutting exercise after its acquisition of Alcatel Lucent – the telecommunications network equipment maker, according to a statement issued on Friday. Finland’s largest company has in fact shed thousands of jobs in the European country over the past few years, as it’s once mighty phone business was overtaken and outshone by companies who capitalised on consumer demand for smartphones, leaving Nokia scrambling to catch up. Nokia started the cost-cutting program in April and is aiming to save...
  • Trading With The Enemy (As Iran helps kill our troops, multinationals do biz with both sides)

    07/26/2011 11:54:27 AM PDT · by OddLane · 12 replies
    New York Post ^ | July 26, 2011 | Mark D. Wallace
    It may not be politically expedient to admit, but Iran is engaged in a live, "hot" war with the United States and its NATO allies -- even as we continue to do business with it. US officials have recently detailed Iran's latest hostile military actions in Iraq and Afghanistan, including the training and arming of insurgent groups directly responsible for the death of many Americans on the battlefield.
  • Here's the latest executive to call Carly Fiorina's business record 'disastrous'

    09/26/2015 6:30:24 PM PDT · by jimbo123 · 13 replies
    Fortune ^ | 9/26/15 | Stephen Gandel
    Carly Fiorina may come from the executive suite, but that hasn’t stopped other executives from slamming her record. The latest critique comes from Steven Rattner, a former Wall Street banker and private equity executive. Rattner, in an opinion piece in the New York Times on Saturday, called Fiorina’s time as the CEO of HP “short and disastrous.” Rattner said HP’s acquisition of Compaq, pushed through by Fiorina, caused an amount of divisiveness at the company that Rattner says he never saw in his 33-year career on Wall Street. He said that while Fiorina did serve during a tough period for...
  • Fiorina had that job-killing touch

    09/25/2015 6:16:48 AM PDT · by jimbo123 · 10 replies
    San Francisco Chronicle ^ | 9/24/15 | Richard Rapaport
    That Carly Fiorina was a one-woman wrecking crew during her tenure as CEO of Hewlett-Packard was never in doubt. But what follows is a tale that is now being picked up and distributed as the Republican Party seeks a nominee who combines business savvy and executive know-how. Sadly, the former executive who most closely fits this particular bill also has exhibited the kind of corporate arrogance and blind certitude that came close to sinking what had been considered among the world’s best technology companies: Hewlett-Packard. At HP beginning in the mid-1990s, Fiorina was responsible for the ill-fated merger with Compaq,...
  • Microsoft Says It Plans to Cut 7,800 Jobs

    07/08/2015 8:09:19 AM PDT · by Wilderness Conservative · 18 replies
    The Blaze ^ | 7/8/15
    NEW YORK (AP) — Microsoft will cut 7,800 jobs and take a $7.6 billion impairment charge as it attempts to revive its flagging phone hardware business. The company paid $7.3 billion for Nokia’s phone business in April 2014, seeking to push rapidly into the smartphone sphere as its traditional software business slowed. Microsoft ultimately wanted to build an ecosystem that made customers that are loyal to a slew of products, much as Apple and Google have done so successfully.
  • Major Job Cuts Expected at Microsoft [Obamanomics is Awesome, Ain't it Tech Worshipers?]

    07/08/2015 6:39:51 AM PDT · by SoFloFreeper · 12 replies
    NY Times ^ | 7/8/15 | Nick Wingfield
    SEATTLE — Microsoft plans to announce a major new round of layoffs as early as Wednesday, as the company seeks to further cut costs in a shifting technology landscape. The layoffs are in addition to the about 18,000 employees that Microsoft said it planned to let go a year ago, according to people briefed on the plans, who asked for anonymity because the details were confidential. The new job cuts are expected to affect people in Microsoft’s hardware group, among other parts of the company, including the struggling smartphone business that it acquired from Nokia last year in a $7.2...
  • How Apple and Google are Killing Microsoft

    01/06/2015 8:51:33 PM PST · by Swordmaker · 152 replies
    T-GAAP ^ | Jan 6, 2015 | by: Mark Reschke
    The long reigning king of the desktop OS is in trouble. Microsoft’s CEO, Satya Nadella, is rapidly steering the company into the back office and service spaces, while their nascent mobile and desktop platforms are crumbling around them. Microsoft is putting on a brave face continuing to heavily advertise the 2-in-1 Surface debacle, but Nadella is only buying time, as he must surely know that Apple and Google is the two-headed beast that Microsoft can not stop. In less than a decade, Microsoft will be associated with IBM or Oracle, not Apple or Google. Apple’s iOS is poised for...
  • 24/7 Wall St: Ten Brands That Will Disappear In 2012

    11/29/2011 6:49:07 AM PST · by SeekAndFind · 24 replies
    Wall Street 24X7 ^ | 11/29/2011 | Douglas McIntyre
    24/7 Wall St. has created a new list of brands that will disappear, which includes Sears (NASDAQ:SHLD), Sony Pictures (NYSE:SNE), American Apparel (NYSE:APP), Nokia (NYSE:NOK), Saab, A&W All-American Foods Restaurants, Soap Opera Digest, Sony Ericsson, MySpace (NYSE:NWS.A), and Kellogg’s Corn Pops. (NYSE:K).Each year, 24/7 Wall St. regularly compiles a list of brands that are going to disappear in the near-term. Last year’s list proved to be prescient in many instances, predicting the demise of T-Mobile among others. In late May, AT&T (NYSE:T) and Deutsch Telekom announced that AT&T would buy T-Mobile USA for $39 billion. The deal would add 34...
  • Nokia re-enters consumer electronics with 7.9-inch iPad mini knockoff

    11/19/2014 11:35:22 AM PST · by Swordmaker · 77 replies
    MacDailyNews ^ | Tuesday, November 18, 2014 · 12:54 pm
    “Just months after selling its ailing handsets business to Microsoft, the Finnish company is planning to go back into the consumer market with a new tablet,” Matti Huuhtanen reports for The Associated Press. “It will launch a 7.9-inch device early next year in China, the world’s biggest market, before selling it elsewhere.” “The device will be manufactured by Foxconn, which makes Apple’s handsets. And it will operate Android instead of the Windows software Nokia used on its cellphones when it began a partnership with Microsoft in 2011. That partnership ended unsuccessfully — in April, Nokia sold its cellphones unit to...
  • Microsoft claims to have seen "record sales of Windows Phone this holiday"

    01/09/2014 11:32:05 AM PST · by SeekAndFind · 35 replies
    Neowin ^ | 01/09/2014 | John Callaham
    Microsoft is using CES 2014 as a venue to give an update on sales of Windows Phone devices to members of the media. There was already evidence that products using the OS have gained a lot of sales and increased market share in Europe in the past few months and today Microsoft said that it saw those sales increase even more during the recent holiday sales period. In a statement sent to Neowin by a Microsoft spokesperson, the company said: We’ve seen record sales of Windows Phone this holiday worldwide, nearly doubling phone sales during Christmas week (YOY). In the...
  • US is primed to overtake Europe and Japan as the technological leader in cell phone technology

    10/07/2002 1:42:41 PM PDT · by sourcery · 86 replies · 1,937+ views
    USS Clueless ^ | 5 Oct 2002 | Steven Den Beste
    Stardate 20021005.2128 (On Screen): As I think many of my readers know, I used to work for Qualcomm designing cell phones. Qualcomm is the company which invented CDMA, and made it practical, and made it into a market success, and it now dominates the American market, where Verizon and Sprint both use it. There are two other nationwide cellular systems: AT&T currently uses IS-136 TDMA, which is obsolete and has no upgrade path. Cingular uses GSM, a more sophisticated form of TDMA from Europe. And right now I'm basking in the evil glow of a major case of schadenfreude. The...
  • Just How Inept Was Nokia's Board?

    09/24/2013 3:14:12 PM PDT · by pluvmantelo · 1 replies
    Forbes ^ | 9/21/2013 | Tero Kuittinen
    Finland is boiling with rage this weekend over the $25 M bonus payment the CEO Stephen Elop is set to receive as he leaves Nokia NOK -1.35% after his two-year tenure. Questions are now being raised by the oddest aspect of the bonus: the board of Nokia seems to have given Elop a $ 25 M incentive to sell the handset unit cheaply to Microsoft MSFT -0.87% way back in in 2010. This effectively means that the board hired a man who was given a giant carrot to drive down Nokia’s overall valuation and phone volumes while preparing a sale...
  • Nokia to sell handset business to Microsoft for $7.2 billion

    09/03/2013 1:31:46 AM PDT · by markomalley · 20 replies
    Reuters ^ | 9/3/2013
    Two years after hitching its fate to Microsoft's Windows Phone software, a withered Nokia collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros ($7.2 billion). Nokia, which will continue as a maker of networking equipment and holder of patents, was once the world's dominant handset manufacturer but was long since overtaken by Apple and Samsung in the highly competitive market for more powerful smartphones. Nokia's Canadian boss Stephen Elop, who ran Microsoft's business software division before jumping to Nokia in 2010, will now return to the U.S. firm as...
  • Microsoft to acquire Nokia's Devices & Services business, license Nokia's patents

    09/02/2013 8:56:41 PM PDT · by bigtoona · 8 replies
    wall street journal ^ | 9/2/2013 | Microsoft
    Company to hold investor call; members of the media invited to attend. REDMOND, Wash., Sept. 2, 2013 /PRNewswire/ -- Microsoft Corp. and Nokia Corp. today announced that the boards of directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia's Devices & Services business, license Nokia's patents, and license and use Nokia's mapping services.
  • Google blocks Microsoft's Windows Phone YouTube app... again

    08/18/2013 9:21:04 AM PDT · by SeekAndFind · 16 replies
    EnGadget ^ | 08/15/2013 | By Terrence O'Brien
    Everyone was understandably excited when Windows Phone got its own native YouTube app. That is, until Google decided it violated the terms of service by blocking advertisements and promptly asked Microsoft to remove the app. The two companies kissed, made up and collaborated on a new version that would adhere to Mountain View's developer guidelines. Unfortunately, it appears that, despite Big G's involvement, the latest version of YouTube for Windows Phone still has some issues that can't be overlooked. Only two days after returning, with the ability to upload video added as a bonus, Google has again begun blocking Microsoft's...
  • Nokia is slowly pushing Windows Phone’s market share upward

    08/09/2013 11:35:37 AM PDT · by SeekAndFind · 24 replies
    BGR ^ | 08/09/2013 | Brad Reed
    6:15 PMIf Windows Phone really does start to take off, it will be in large part thanks to the efforts of Nokia, the Finnish device manufacturer that has come under withering criticism from both analysts and investors for choosing Microsoft’s mobile platform over Google’s Android. Seeking Alpha has posted a compilation of charts showing that Nokia has been slowly increasing its market share in many key markets, which is helping Windows Phone gain a foothold in its efforts to become the world’s No. 3 mobile operating system.As you can see from the chart, which is based on numbers from Kantar...
  • Microsoft's Windows Phone Is Now Bigger Than BlackBerry

    05/16/2013 9:50:49 AM PDT · by SeekAndFind · 42 replies
    Business Insider ^ | 05/16/2013 | Jay Yarrow
    We're not sure if this is a good sign for Microsoft or a bad sign for BlackBerry, but Windows Phone is now the third largest smartphone operating system, according to IDC. Since we're optimists, we'll say it's a good sign for Microsoft. It's trying to catch up to Apple's iOS and Google's Android operating systems. It has a very long way to go before it catches either of them, but it had to start somewhere. Perhaps this is the start of the most unlikely come-from-behind victory in history. Here's the IDC numbers, via All Things D: