EMEA Technology Correspondent
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Jun 10, 2011

Nokia seen posting Q2 loss, as troubles mount

TALLINN (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research, Stock Buzz) was expected to report a loss for this quarter and next as it cuts prices to try to prevent more customers defecting to rivals’ smartphones, a Reuters poll found.

Analysts also forecast a meager profit in the normally buoyant fourth quarter, as the once-undisputed leader in mobile phones loses the initiative to smartphones like Apple’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone and devices based on Google’s (GOOG.O: Quote, Profile, Research, Stock Buzz) Android software.

Jun 9, 2011

Dealtalk: Plenty of rumors but no real suitors for Nokia

LONDON/TALLINN (Reuters) – Nokia’s (NOK1V.HE: Quote, Profile, Research, Stock Buzz) plunging share price and persistent speculation it might be a takeover target is far from attracting real suitors interested in saving the struggling mobile phone company.

The handset maker’s equity value has halved to 17 billion euros ($24.91 billion) since the leak in February of CEO Stephen Elop’s memo comparing Nokia to a man standing on a burning oil platform.

Jun 9, 2011

Plenty of rumours but no real suitors for Nokia

LONDON/TALLINN, June 8 (Reuters) – Nokia’s (NOK1V.HE: Quote, Profile, Research, Stock Buzz)
plunging share price and persistent speculation it might be a
takeover target is far from attracting real suitors interested
in saving the struggling mobile phone company.
The handset maker’s equity value has halved to 17 billion
euros ($24.91 billion) since the leak in February of CEO Stephen
Elop’s memo comparing Nokia to a man standing on a burning oil
platform.

But investors are afraid the company is losing market share
so fast in both smartphones and low-end devices that it may
never recover.

Jun 8, 2011

Vidyo rolls out low-cost video-conferencing

TALLINN, June 8 (Reuters) – Start-up Vidyo unveiled a
low-cost video-conferencing product on Wednesday that could
intensify competition and hurt margins for Cisco Systems Inc
(CSCO.O: Quote, Profile, Research, Stock Buzz) and Polycom Inc (PLCM.O: Quote, Profile, Research, Stock Buzz).

Co-founder and Chief Executive Officer Ofer Shapiro told
Reuters Vidyo, which has raised $74 million from investors,
including Menlo Ventures and Rho Ventures, hopes to go public
well before 2015.

Jun 7, 2011

Analysis: Nimble Asian rivals raid Nokia’s emerging markets turf

NEW DELHI/HELSINKI (Reuters) – From New Delhi to Shanghai to Johannesburg, a flood of cheap handsets from the likes of China’s ZTE and India’s Micromax is destroying Nokia’s top position in emerging markets.

Compounding the woes for the Finnish phone maker, Asian handset manufacturers are increasingly turning to Google’s free Android software, which is popular with operators and consumers in cut-rate markets.

Jun 7, 2011

Nimble Asian rivals raid Nokia’s emerging markets turf

NEW DELHI/HELSINKI, June 7 (Reuters) – From New Delhi to
Shanghai to Johannesburg, a flood of cheap handsets from the
likes of China’s ZTE (0763.HK: Quote, Profile, Research, Stock Buzz) and India’s Micromax is
destroying Nokia’s top position in emerging markets.

Compounding the woes for the Finnish phone maker, Asian
handset manufacturers are increasingly turning to Google’s
(GOOG.O: Quote, Profile, Research, Stock Buzz) free Android software, which is popular with operators
and consumers in cut-rate markets.

Jun 6, 2011

Gameloft, Glu gun for ‘freemium’ gaming market

HELSINKI/BANGALORE, June 6 (Reuters) – Under pressure in a
fast-paced mobile world, Gameloft and Glu Mobile
, the two largest listed, pure-play mobile gaming firms,
are shifting focus to making games for smartphones and
free-to-play online games.

The $3.4 billion mobile gaming industry is attracting a host
of small, garage-based developers, who can easily reach millions
of gamers through Apple Inc’s and Google Inc’s
application stores. A prime example is the hit game Angry Birds
from Finnish developer Rovio Mobile.

Jun 3, 2011

Tablets could beat consoles in gaming -Bigpoint

HELSINKI, June 3 (Reuters) – Tablet devices such as Apple
Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPad could eventually beat consoles as the main
driver for the gaming industry, the founder of online gaming
firm Bigpoint said.

New consoles from Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz), Microsoft Corp
(MSFT.O: Quote, Profile, Research, Stock Buzz) and Nintendo Co Ltd (7974.OS: Quote, Profile, Research, Stock Buzz) have been for years the
key sales drivers for makers of video games such as Electronic
Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz).

May 26, 2011

Nokia move to help other handset vendors – Microsoft

HELSINKI (Reuters) – Microsoft expects Nokia’s adoption of its mobile software to encourage other handset makers to make more use of Windows.

“The market validation that Nokia has put on Windows Phone is fantastic and it will help Samsung and LG and Fujitsu and all our other hardware partners,” Brandon Watson, director at Microsoft’s mobile unit, told Reuters in an interview.

May 25, 2011

Start-up Supercell gets $12 mln from Accel, others

HELSINKI, May 25 (Reuters) – Finnish online start-up
Supercell, which merges social games with elements from
traditional console titles, has raised $12 million from venture
capital firm Accel Partners and others.

The 11-month old firm — which released its first offering,
Gunshine.net, to the public this week — builds free games which
can be played directly from an internet browser without
additional downloads.