EMEA Technology Correspondent
Tarmo's Feed
Jul 28, 2011

Infineon profit beats expectations

HELSINKI, July 28 (Reuters) – German chipmaker Infineon
Technologies AG (IFXGn.DE: Quote, Profile, Research, Stock Buzz) reported higher than expected
quarterly profits and sales, boosted by strong demand from its
automotive and industrial clients.

For the current quarter, Infineon forecast sales to be at
least on par with the last quarter, while profits from
operations would be broadly flat.

Jul 26, 2011

Analysis – HTC faces test as investors fret over slowing growth

TAIPEI/HELSINKI (Reuters) – Taiwan’s HTC, which rose from obscure origins making phones for others to become one of the world’s top smartphone companies, is facing a test of its mettle as investor faith in its rapid growth wanes in an increasingly competitive market. The world No.5 has had a fairytale ride, with its shares more than tripling in the 14 months to April 2011 and sales surging 300 percent over the past 18 months, as consumers snapped up its innovative phones with their distinctive large clock numerals.

But worries over faltering demand and stiff competition from Apple Inc and South Korea’s Samsung Electronics and legal challenges over patents have since pushed its shares to as much as 30 percent below their peak.

Jul 26, 2011

HTC faces test as investors fret over slowing growth

TAIPEI/HELSINKI, July 26 (Reuters) – Taiwan’s HTC (2498.TW: Quote, Profile, Research, Stock Buzz),
which rose from obscure origins making phones for others to
become one of the world’s top smartphone companies, is facing a
test of its mettle as investor faith in its rapid growth wanes
in an increasingly competitive market.
    The world No.5 has had a fairytale ride, with its shares
more than tripling in the 14 months to April 2011 and sales
surging 300 percent over the past 18 months, as consumers
snapped up its innovative phones with their distinctive large
clock numerals.

But worries over faltering demand and stiff competition from
Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) and South Korea’s Samsung Electronics
(005930.KS: Quote, Profile, Research, Stock Buzz) and legal challenges over patents have since pushed
its shares to as much as 30 percent below their peak.

Jul 21, 2011

Nokia abdicates smartphone crown to iPhone

HELSINKI (Reuters) – Ailing Nokia on Thursday surrendered its lead in the global smartphone market to rival Apple and shed more market share as it reported a steep net loss for the second quarter.

Nokia’s outloook for its handset business to be profitable in the current quarter brought some relief to its battered share price but analysts doubted it would dispel fears about the future of the onetime cellphone leviathan.

Jul 21, 2011

Nokia outlook brings relief to wary investors

HELSINKI (Reuters) – Nokia said it expected its struggling cellphone business to remain profitable in the third quarter, bringing some relief to investors after it lost its lead in the smartphone market to rival Apple.

Nokia, the world’s largest phone maker by volume, has failed to come up with an attractive smartphone offering to compete with Apple’s iPhone and a wide array of smartphones using Google’s Android software.

Jul 21, 2011

Nokia set for Q2 loss on fresh smartphone pain

HELSINKI (Reuters) – Investors braced for more bleak news from smartphone laggard Nokia Oyj on Thursday with the world’s largest handset maker likely to post a second-quarter loss and a weak outlook.

Nokia is due to report second quarter earnings at 1000 GMT.

The Finnish company created the smartphone market in 1996 with its first Communicator model but has failed in recent years to mount a serious challenge to the surge from Apple Inc’s iPhone and Research In Motion’s BlackBerry.

Jul 20, 2011

Nokia set for fresh smartphone pain

HELSINKI, July 21 (Reuters) – Investors braced for more
bleak news from smartphone laggard Nokia Oyj on
Thursday with the world’s largest handset maker likely to post a
second-quarter loss and a weak outlook.

Nokia is due to report second quarter earnings at 1000 GMT.

The Finnish company created the smartphone market in 1996
with its first Communicator model but has failed in recent years
to mount a serious challenge to the surge from Apple Inc’s
iPhone and Research In Motion’s BlackBerry.

Jul 20, 2011

Logitech video unit in mobile, services push

HELSINKI, July 20 (Reuters) – Logitech
unveiled on Wednesday a push into videoconferencing services and
the acquisition of Italian firm Mirial to tap into growing
demand for mobile video services.

Craig Malloy, co-founder and chief executive of Logitech’s
LifeSize unit, said he expects to see a sales boost from the new
services offering, which enables videoconferencing usage based
on monthly fees, without clients buying expensive equipment.

Jul 19, 2011

Basic Nokia phones more profitable than smartphones

HELSINKI, July 19 (Reuters) – Nokia’s basic
phones generate much better operating profits than its
smartphone line-up, the Finnish mobile phone company said on
Tuesday when unveiling regrouped past business results.

Margins for both businesses have been shrinking as the
company has lost basic phones market share to Asian rivals,
while Samsung Electronics , HTC and Apple
have eaten its share of the smartphone market.

Jul 19, 2011

Nokia seen making Q2 loss on dwindling market share

HELSINKI (Reuters) – Nokia, the largest phone maker by volume, probably fell into the red in the second quarter and is not expected to recover for a few more as its aging models keep losing market share.

Chief executive Stephen Elop has been pinning turnaround hopes on new smartphones using Microsoft’s Windows software, but these will only come to the market later this year.