Monday, March 19, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Promises to Make Windows 10 Update Faster to Install
BlackBerry and Microsoft Partner to Secure Mobile Workforce
Facebook is Testing New Tools for Creators
Google Introduces Google Play Instant
Uber Self-driving Car Kills Pedestrian
Microsoft is Adding Support for Hardware Accelerated Raytracing to DirectX 12
Nimbus Data Launches 100 Terabytes SSD With Unlimited 5 Years Endurance
Xilinx Unveils Adaptable Computing Product Category
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Nokia P...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, April 29, 2014
Nokia Promotes New CEO

Nokia promoted Rajeev Suri to chief executive on Tuesday, as the company is planning its future with its mobile phone unit offloaded to Microsoft.

The company also announced plans to return $3.1 billion to shareholders via buybacks and extra dividends.

Suri has until now led Nokia Solutions and Networks (NSN).

Nokia has said it would concentrate growing its networks, navigation and patents units which remained after it sold its mobile phone business to Microsoft for about $7.5 billion in a deal that was finalized last Friday.

Following the sale of its handset business, analysts have speculated Nokia might seek to buy rival Alcatel-Lucent.

Suri said all three of Nokia's business areas - in addition to the networks unit, it has navigation and patents businesses - had opportunities for organic growth, without acquisitions.

The company could look to sell combined patent and technology licenses, he said, adding it could potentially license its brand as well.

Nokia also said its phone sales fell 30 percent in the last quarter. The company's discontinued operations - the phone unit - posted a drop in first-quarter sales to 1.9 billion euros ($2.6 billion)from 2.8 billion in the same quarter a year earlier. The operating loss widened to 306 million from 73 million.

The company said the sales decline resulted primarily from decreasing demand for its cheaper phones, but smartphone sales also fell.

Nokia added that it has won several contracts in Europe which have not been announced yet and will be booked later this year. /font>

Yahoo Unveils New Video and Digital Content Programming        All News        MediaTek To Release 64-bit quad- and 8-core Smartphone SoCs In 3Q
EC: Motorola Mobility Broke Competition Rules, Samsung's Commitments Accepted     Mobiles News      MediaTek To Release 64-bit quad- and 8-core Smartphone SoCs In 3Q

Get RSS feed Easy Print E-Mail this Message

Related News
New Nokia Photonic Service Engine 3 Chipset Pushes Optical Network Capacity to Limits
‌MWC: New Nokia Phones Including Nokia 8 Sirocco Released
Nokia CEO Announces 5G Rollouts
Nokia ReefShark chipsets Deliver Performance Gain in 5G Networks
Nokia to Supply 5G Equipment to NTT DOCOMO
Upgraded Nokia 6 Packs More Power and RAM
Nokia, T-Mobile US and Intel Collaborate to bring T-Mobile's First Commercial Hardware Based 5G 28 GHz Cell on Air
Nokia and Huawei Sign Patent License Agreement
BlackBerry to Pay Nokia $137 Million in Contract Dispute
Nokia 2 With 4100mAh Battery Announced in India
Nokia Halts Development of the OZO VR Camera
New Nokia 3310 3G Coming in October

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .