EMEA Technology Correspondent
Tarmo's Feed
Jul 19, 2012

Nokia clings onto cash despite big loss

HELSINKI (Reuters) – Ailing mobile maker Nokia turned in another thumping loss on Thursday, as it tries to arrest a decline towards irrelevance in a smartphone market dominated by Apple’s iPhone and Samsung’s Galaxy models.

The company, which has been burning through money at a rate that would clean it out in a couple of years, managed, however, to cling on to more of its cash reserves in the second quarter than the market had feared, giving its battered shares an 18 percent boost.

Jul 18, 2012

Nokia investors brace for weak second-quarter phone sales

HELSINKI (Reuters) – Nokia investors are bracing for the Finnish mobile phone maker to report weak sales of the Lumia phones that are crucial to its turnaround effort and a rapidly diminishing cash pile, in its second-quarter results later on Thursday.

Once the world’s dominant mobile phone maker, Nokia was late to embrace smartphones and has lost out to Apple and Samsung Electronics in the most profitable part of the market.

Jul 18, 2012

Nokia investors brace for weak Q2 phone sales

HELSINKI, July 19 (Reuters) – Nokia investors are
bracing for the Finnish mobile phone maker to report weak sales
of the Lumia phones that are crucial to its turnaround effort
and a rapidly diminishing cash pile, in its second-quarter
results later on Thursday.

Once the world’s dominant mobile phone maker, Nokia was late
to embrace smartphones and has lost out to Apple and
Samsung Electronics in the most profitable part of
the market.

Jul 16, 2012

Nokia price cut worries investors ahead of Q2 results

HELSINKI (Reuters) – Shares in Nokia Oyj fell over 3 percent on Monday after the company slashed the price of its flagship smartphone, with investors seeing it as a sign of desperation in its battle against Apple Inc and Samsung Electronics Co Ltd.

Analysts also cited caution ahead of Thursday’s second-quarter report and short-selling of the stock reached record highs. The results are expected to show a widening loss for the world’s second-largest cellphone maker.

Jul 12, 2012

Angry Birds maker hits No 1 with new brand

HELSINKI, July 12 (Reuters) – The first non-Angry Birds game
in more than two years from Rovio Entertainment hit No. 1 on
download charts on Thursday, showing the Finnish startup behind
the world-famous gaming franchise was more than a one-hit
wonder.

Rovio, the maker of Angry Birds games – in which players use
a slingshot to attack pigs who steal the birds’ eggs – has been
valued by analysts at $6 billion to $9 billion, roughly on par
with struggling cross-town phone maker Nokia.

Jul 11, 2012

Nokia expected to fall deeper into the red

HELSINKI (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research) is expected to have tumbled deeper into the red when it reports quarterly results next week, with sales of the Microsoft-based (MSFT.O: Quote, Profile, Research) smartphones that it hopes will save the company unlikely to pick up until later in the year.

The world’s second-largest cellphone maker was late to the smartphone war in which Apple (AAPL.O: Quote, Profile, Research) and Samsung (005930.KS: Quote, Profile, Research) have gained dominance. It is fighting back with phones called Lumia, which use Microsoft’s Windows software.

Jul 11, 2012

Nokia to fall deeper into the red

HELSINKI, July 11 (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research) is expected
to have tumbled deeper into the red when it reports quarterly
results next week, with sales of the Microsoft-based (MSFT.O: Quote, Profile, Research)
smartphones that it hopes will save the company unlikely to pick
up until later in the year.

The world’s second-largest cellphone maker was late to the
smartphone war in which Apple (AAPL.O: Quote, Profile, Research) and Samsung (005930.KS: Quote, Profile, Research)
have gained dominance. It is fighting back with phones called
Lumia, which use Microsoft’s Windows software.

Jul 9, 2012

Global tech market growth stabilizing: Gartner

By Tarmo Virki

(Reuters) – Growth in technology spending by companies and the public sector is stabilizing at much lower levels than last year, due to economic worries in many key markets, research firm Gartner said on Monday.

“While the challenges facing global economic growth persist … the outlook has at least stabilized,” said Richard Gordon, research vice president at Gartner, noting anxieties linked to the euro zone crisis, weaker U.S. recovery and the slowdown in China.

Jul 9, 2012

Privacy risk from ads in apps rising -security firm

July 9 (Reuters) – Some advertising networks have over the
last year started to secretly collect app users contacts or
whereabouts, and could now have access to 80 million smartphones
globally, U.S.-based mobile security firm LookOut said.

Over 80 million apps have been downloaded which carry
aggressive ads and the problem was rising, LookOut said as it
unveiled on Monday the first industry guidelines on how
application developers and advertisers could avoid raising
consumer angst over too aggressive ads, which could hit badly
the $8 billion industry.

Jul 2, 2012

Mobile phone firms back Mozilla Firefox rival to Android

HELSINKI, July 2 (Reuters) – A new operating system for
mobile phones akin to the Mozilla Firefox internet browser has
got the backing of several major telecom companies, turning up
the heat on Google and Apple in the smartphone
market.

Mozilla said on Monday that mobile network operators
Deutsche Telekom, Sprint, Smart, Telecom Italia
, Telenor and Etisalat are backing
the Firefox platform.