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Nokia Corp

BUSINESS
November 7, 2002 | From Bloomberg News
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.
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BUSINESS
January 10, 2007 | From Reuters
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.
BUSINESS
October 20, 2007 | From Times Wire Services
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.
BUSINESS
September 18, 2007 | From Times Wire Reports
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.
BUSINESS
June 21, 2002 | Associated Press
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.
BUSINESS
April 17, 2004 | From Associated Press
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.
BUSINESS
January 5, 1995 | From Associated Press
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.
BUSINESS
October 20, 2007 | From Times Wire Services
Qualcomm Inc., a San Diego maker of mobile-phone chips, said a U.S. judge issued an initial determination ending an investigation of trade practices filed by Nokia. Nokia in August asked the U.S. International Trade Commission in Washington to ban imports of handsets with certain Qualcomm chip sets, raising the stakes in their fight over licensing fees. The Finnish firm said Qualcomm used "unfair trade practices" in relation to five of its patents.
BUSINESS
January 19, 2000 | Karen Kaplan
Computer monitor manufacturer ViewSonic Corp. of Walnut tentatively agreed to buy the monitor-making division of Nokia, the Finnish maker of cellular phones. The companies said they have a letter of intent and hope to complete the deal by the end of January. Terms weren't disclosed.
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