August 29, 2005 |
Broadcom Corp. Chief Executive Scott McGregor says he is focused on winning Nokia Corp. as a customer for the company's mobile-phone chips for the first time. McGregor, who joined Broadcom in January, said his experience selling semiconductors to Nokia while he ran Royal Philips Electronics' chip business might give him the inside track. In his effort to take on Qualcomm Inc. and Texas Instruments Inc.
August 2, 2005 |
Nokia Corp. named the head of its cellphone unit to succeed Jorma Ollila, the longtime chief executive who steered the producer of consumer electronics and cables past Motorola Corp. to become the world's No. 1 maker of mobile handsets. Olli-Pekka Kallasvuo, 52, is slated to replace the 54-year-old Ollila as CEO in June 2006.
October 6, 2004 |
Intel Corp. and Nokia Corp. will jointly develop "smart" phones that run on the Symbian operating system, the two tech giants said, unveiling their first major cooperative effort in cellphones. Santa Clara, Calif.-based Intel, the world's biggest chip maker, is seeking a major foothold in the cellphone market, and the deal with Finnish firm Nokia, the world's largest mobile-phone maker, could put pressure on top makers of mobile-phone chips such as Texas Instruments Inc. and STMicroelectronics.
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.
August 20, 2003 |
Mobile phone maker Nokia said it would buy the San Francisco-based online division of Sega Corp. Terms of the sale were not released. Nokia has been recruiting developers to make games for N-Gage, a combination cell phone, game console and digital music player that the company plans to launch this fall. As part of the Sega deal, the Tokyo-based game developer would publish titles for N-Gage.
July 18, 2003 |
Mobile phone leader Nokia Corp. reported that its second-quarter profit fell 28%, and warned that sales in the current quarter could fall short of last year's level. Nokia earned $699 million, or 15 cents a share, compared with $966 million, or 20 cents, a year earlier. Second-quarter sales edged up to $7.8 billion from $7.7 billion last year. Nokia said that its phone sales grew by 14%, but that the value of sales was up only 2%.
June 4, 2003 |
Nokia was granted a license to sell handsets based on the code division multiple access technology in China, letting the company step up competition with Motorola Inc. and local rivals. BNMT, a Nokia joint venture in China, can begin producing CDMA phones for the Chinese market by the second half of the year, Finland-based Nokia said. The company is targeting China to jump-start sales growth as European and U.S. markets near saturation.
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.
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.
June 12, 2002 |
The telecommunications industry got a badly needed dose of good news Tuesday, with two of its biggest players reporting that they are on course to meet profit goals. Nokia, the world's largest mobile-telephone maker, warned of lower sales for its second quarter, but the company's shares gained as investors took heart that Nokia was on course to hit its profit target. And shares of Nextel Communications Inc.