February 15, 2006 |
Japan's Sanyo Electric Co. and Finland's Nokia Corp. announced Tuesday that they would combine some of their cellphone operations into a joint venture with major operations in San Diego. The new entity will have 3,500 employees, Nokia said; more than 200 jobs will be cut because of the merger. Apart from San Diego, the venture will have major operations in the Japanese cities of Osaka and Tottori. The companies did not say where the new entity's headquarters would be.
November 26, 2005 |
Nokia Corp. Chief Executive Jorma Ollila said the mobile phone market probably would grow more next year than researchers expected, helped by soaring demand in countries such as China. "Much like this year," unit sales will be "above third-party expectations" in 2006, Ollila said. Gartner Inc. on Nov. 22 said handset volumes would grow 10% to 15% next year, down from 20% this year. The technology market research firm and competitors such as Strategy Analytics Inc.
November 8, 2005 |
Qualcomm Inc. is suing Nokia Corp. for alleged patent infringement, firing back quickly in a widening dispute over next-generation wireless technologies one week after Nokia and five other companies filed an antitrust complaint against San Diego-based Qualcomm in Europe.
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.