June 20, 2006 |
Nokia Corp. and Siemens said Monday they would combine their network equipment units in a reported $30-billion joint venture to more effectively take on market leader Ericsson. The combination, to be called Nokia Siemens Networks, would create one of the largest players in the industry, with $20 billion in annual sales. Besides Ericsson, it also puts pressure on Lucent Technologies Inc., Alcatel, Motorola Inc. and Nortel Networks Corp.
August 23, 1999 |
Lucent Technologies, Nokia and 3Com intend to found a new industry group that will adopt standards for wireless computer networks and certify products that meet those standards. The Wireless Ethernet Compatibility Alliance (WECA), expected to be introduced today, hopes to make go-anywhere computing as commonplace as using a mobile phone by making it less of a gamble for consumers and network operators to invest in expensive wireless equipment.
November 7, 2002 |
Nokia, Siemens, Ericsson and NTT DoCoMo Inc. agreed to reduce royalty payments for faster wireless technology to boost their chances of getting chosen by phone companies over San Diego-based Qualcomm Inc. The companies aim to keep royalties related to wideband code-division multiple access technology at less than 5% of the price of the equipment. That's less than companies must pay Qualcomm, which is the most significant single owner of patents for WCDMA and cdma2000, a rival technology.
January 10, 2007 |
Visa, the world's biggest credit card payment system, has launched a global system to turn mobile phones into wallets for millions of customers in a deal with the world's top handset producer, Nokia. Users can pay for groceries and other purchases by swiping a phone over a reader that electronically communicates with a microchip on the phone. Phone owners confirm the purchase with the push of a button and the deal is complete.
October 20, 2007 |
American, Northwest and US Airways joined other major airlines in raising most U.S. round-trip fares by as much as $20 as jet fuel prices near record highs. The fare hikes were initiated Wednesday by United Airlines. Six of the seven largest U.S. carriers have joined in the increase. Only Southwest Airlines held the line on fares. The price of jet fuel has climbed 37% this year and is $2.43 a gallon in New York. The price hit $2.49 in September 2005.
September 18, 2007 |
A U.S. trade agency said it would investigate patent-infringement claims by Nokia against Qualcomm Inc. Nokia, based in Espoo, Finland, filed the complaint in August with the U.S. International Trade Commission, a Washington agency that can bar imports of products that infringe U.S. patents. The company said San Diego-based Qualcomm used "unfair trade practices" in relation to five of its patents.
October 20, 2001 |
Nokia, the world's largest maker of cellular phones, reported Friday a smaller-than-expected decline in third-quarter profit and predicted handset sales would rebound in the fourth quarter. The Finnish company said net income fell 18% to $684 million, or 16 cents a share, the high end of Nokia's estimate. Sales fell 7% to $6.84 billion. The profit margin at Nokia's mobile-phone unit unexpectedly rose from the second quarter--to 19% from 17.9%. Analysts were expecting a margin of 17%.
June 21, 2002 |
Nokia, the world's biggest cell phone maker, said sales for the second half of this year would grow as much as 10%, instead of 15%--as market conditions continue to be uncertain. The company also set new long-term sales and earnings growth targets of more than 10% for 2003 and beyond. But the Finnish company maintained its previous guidance for pro forma earnings of 79 cents a share for 2002, excluding goodwill amortization and nonrecurring items.
April 17, 2004 |
Confirming that it missed expectations in its flagship mobile-phone unit, Nokia reported lower earnings and sales for the first quarter and lowered forecasts for the second quarter amid increased competition from U.S. and Asian rivals. The forecast sent Nokia's shares sharply lower. The company's U.S. shares fell $1.44, or nearly 9%, to $14.61 on the NYSE. Earnings declined 16% to $995 million, or 21 cents a share, in the January-March period compared with the same quarter a year ago.
January 5, 1995 |
Nokia Group is not a household name in the United States, but over the course of 30 years, the Finnish company has gone from being a manufacturer of rubber boots to the second-largest mobile phone producer in the world. The company, which makes consumer electronics, telephones and other high-tech goods, trails U.S. firm Motorola Inc. in the global mobile phone market. But it's No. 1 in Europe.