PARIS, June 14 (Reuters) – Loss-making Finnish cellphone
maker Nokia plans to cut another 10,000 jobs globally
in its biggest revamp in recent history, while it warned the
second-quarter loss from its cellphone business would be larger
The cuts, which include the closure of Nokia’s only plant in
Finland, bring total planned job cuts at the group since Stephen
Elop took over as chief executive in 2010 to more than 40,000.
PARIS (Reuters) – Viadeo, the world’s second-biggest online networking site for professionals after LinkedIn Corp (LNKD.N: Quote, Profile, Research, Stock Buzz), is not worried that Facebook Inc’s (FB.O: Quote, Profile, Research, Stock Buzz) tough stock market debut will dent social media valuations and is planning going public in about two years.
Facebook’s messy IPO, marred by technical issues and over- ambitious pricing, has dampened investor appetite for Internet stocks, but Viadeo’s strategy chief Olivier Fecherolle said the impact on professional networks had been limited.
HELSINKI (Reuters) – Europe’s traditional phone companies, already under pressure from cheap internet-based services like Skype, are about to face more competition from a group of Nordic start-ups that will offer low-cost mobile calls and other services.
These newcomers are following in the footsteps of Skype, also founded in Scandinavia, which has already had a big impact on the $628 billion global telephony market.
HELSINKI (Reuters) – Struggling mobile phone maker Nokia Oyj has unveiled its first full touchscreen phones aimed at the budget end of the market, as it looks to fill a gap in its product range and catch up with rivals, particularly in emerging markets.
Nokia has lost out badly to Apple Inc and Google Inc in the smartphone market and last quarter also lost its position as the world’s largest volume cellphone maker to Samsung Electronics.
June 5 (Reuters) – Software developer Layar on Tuesday
rolled out an application to help publishers more easily link
their print and digital content, hoping to jumpstart its
so-called mobile augmented reality (AR) business.
AR overlays text, graphics and sound on images viewed on
smartphone or tablet screens, on PCs or through dedicated
HELSINKI (Reuters) – Finnish internet company Sulake, the operator of Habbo Hotel teen networking sites, hopes to reignite its stalled growth by launching a long-awaited iPhone app next month and inviting external developers to its site.
Habbo Hotel was one of the front-runners of the social networking boom, and its use of avatars instead of profile pictures gained a strong teenage following after its launch ten years ago.
HELSINKI, May 16 (Reuters) – Global sales of mobile phones
fell 2 percent in January-March after ten straight quarters of
growth, as Chinese buyers held back in anticipation of new
models and economic uncertainties weighed on developed markets,
research firm Gartner said.
The data, published on Wednesday, confirmed South Korea’s
Samsung became the world’s largest cellphone maker
in the quarter, ending Finnish group Nokia’s 14-year
reign after years of losing ground, particularly in smartphones.
HELSINKI (Reuters) – Nokia patched up its ailing basic phones offering on Tuesday with two models offering access to games, applications and the Internet, hoping to regain its footing in emerging markets.
After precipitously losing its position in the smartphone market to Apple’s iPhone and models running Google’s Android software, Nokia has also been losing its shine in the basic phone market, which had been a reliable generator of profits.
HELSINKI (Reuters) – Google’s Android smartphone software stretched its market lead in early 2012, helped by new models from handset makers like Samsung and HTC and piling the pressure on rivals like Research In Motion and Nokia.
Research from Kantar WorldPanel on Tuesday showed Android gaining share strongly in most of seven major markets – Australia, Britain, France, Germany, Italy, Spain and the United States – in the 12 weeks to mid April.
HELSINKI (Reuters) – Desperate for cash to tide it over until sales ramp up of new products, Nokia Oyj NOKIV.HE is stepping up its quest for royalties from rivals using its designs as the basis of their technology.
Nokia already earns 500 million euros ($647 million) a year from its patent royalties in key areas of mobile telephony and some analysts say a more determined application of its patent rights could boost its income by hundreds more millions of euros a year. Alternatively, a sale could generate billions of euros.