EMEA Technology Correspondent
Tarmo's Feed
Apr 28, 2011

Tieto misses Q1 profits forecasts, ousts CEO

HELSINKI, April 28 (Reuters) – Nordic IT services provider
Tieto Oyj (TIE1V.HE: Quote, Profile, Research, Stock Buzz) replaced its chief executive on Thursday
after reporting first-quarter earnings below expectations.

Tieto said it had agreed with CEO Hannu Syrjala that he
would leave the company immediately, with unit head Ari
Karppinen leading the firm on a temporary basis. The board has
started to look for the new CEO, the company said.

Apr 27, 2011

Elop seen steady hand for shaky Nokia

HELSINKI (Reuters) – In February, the entire front page of a Finnish tabloid featured Nokia cellphones in the shape of a cross beneath the headline: “Beginning of the End.”

The reaction to new CEO Stephen Elop’s announcement that Nokia would dump its Symbian software in favor of Microsoft Windows summed up the Nordic country’s fear that he would kill jobs and a business considered a national treasure.

Apr 27, 2011

Nokia to cut 7,000 jobs, Accenture takes Symbian

HELSINKI (Reuters) – Nokia will axe 7,000 jobs and outsource its legacy Symbian activities to slash 1 billion euros ($1.46 billion) of costs as it struggles to compete in the fierce smartphone market.

Nokia, the world’s largest phone maker by volume, on Wednesday detailed an overhaul of its business that will include laying off 4,000 staff and transferring another 3,000 to technology services firm Accenture – a total 12 percent of its phone unit workforce.

Apr 27, 2011

Nokia axes 7,000 jobs to slash costs

HELSINKI (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research, Stock Buzz) will axe 7,000 jobs and outsource its legacy Symbian activities to slash 1 billion euros ($1.46 billion) of costs as it struggles to compete in the fierce smartphone market.

Nokia, the world’s largest phone maker by volume, on Wednesday detailed an overhaul of its business that will include laying off 4,000 staff and transferring another 3,000 to technology services firm Accenture (ACN.N: Quote, Profile, Research, Stock Buzz) – a total 12 percent of its phone unit workforce.

Apr 27, 2011

Secure Q1 beats forecasts, sticks to 2011 view

HELSINKI, April 27 (Reuters) – Top European security
software maker F-Secure Oyj (FSC1V.HE: Quote, Profile, Research, Stock Buzz) reported
higher-than-expected January-March sales and profits as demand
recovered faster than the company had forecast.

The company, however, forecast its profit margin would slip
in the second quarter due to investments and temporary sales
delays in Japan, and stuck to its 2011 forecast for around 10
percent growth in sales and underlying operating profit.

Apr 21, 2011

Nokia Q1 beats forecasts, nails Microsoft deal

HELSINKI (Reuters) – Nokia Oyj’s earnings fell less than expected in the first quarter and the company signed a final agreement to start using Microsoft Corp software, sending its shares 3 percent higher.

But gains were capped by the company’s forecast for profits to fall in coming quarters, due in part to Japan’s earthquake which hit component supplies across the technology sector.

Apr 21, 2011

Nokia signs Microsoft deal, sees weaker margins

HELSINKI (Reuters) – Nokia’s earnings fell less than expected in the first quarter and the company signed a final agreement to start using Microsoft software, sending its shares 3 percent higher.

Underlying earnings per share fell to 0.13 euro in the three months through March from 0.14 euro a year earlier, beating analysts’ average forecast for 0.10 euro.

Apr 21, 2011

Smartphone strategy and Japan in focus for Nokia results

HELSINKI (Reuters) – Nokia investors concerned about dwindling market share are anxious for better news on the tie-up with Microsoft and details of cost cuts when the handset maker posts quarterly figures on Thursday.

Nokia is expected to report a 29 percent fall in earnings per share as nimbler Asian rivals eat into its dominant position in cheaper phones and it continues to lose out in more expensive smartphones to Apple and others.

Apr 21, 2011

Smartphone strategy, Japan in focus for Nokia first quarter

HELSINKI (Reuters) – Nokia investors concerned about dwindling market share are anxious for better news on the tie-up with Microsoft (MSFT.O: Quote, Profile, Research) and details of cost cuts when the handset maker posts quarterly figures on Thursday.

Nokia is expected to report a 29 percent fall in earnings per share as nimbler Asian rivals eat into its dominant position in cheaper phones and it continues to lose out in more expensive smartphones to Apple (AAPL.O: Quote, Profile, Research) and others.

Apr 20, 2011

Smartphone strategy, Japan in focus in Nokia Q1

HELSINKI (Reuters) – Nokia investors concerned about dwindling market share are anxious for better news on the tie-up with Microsoft and details of cost cuts when the handset maker posts quarterly figures on Thursday.

Nokia is expected to report a 29 percent fall in earnings per share as nimbler Asian rivals eat into its dominant position in cheaper phones and it continues to lose out in more expensive smartphones to Apple and others.