Monday, November 30, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Unveils New Drone For Prime Air Delivery
Google Glass Evoluion Could Be A Monocle
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 230 and Nokia 230 Dual SIM Phones Coming Next Month
Nokia Agrees on 'Shanghai Bell' Joint Venture with China Huaxin
Entry-level Nokia 222 Phone Lets You Surf Online, Capture Photos
AUDI AG, BMW Group and Daimler AG To Buy Nokia's HERE Digital Mapping Business
Nokia Releases The OZO Virtual Reality Camera for Professionals
European Regulators Approve Nokia's Acquisition of Alcatel-Lucent
Nokia Said To Release VR Device
Nokia, SKT Team Up On 5G Research
Nokia To Return To Phone Business Next Year
Nokia Networks to Acquire Eden Rock
Judge Rules in Favor of InterDigital in ITC Action Involving Nokia, Microsoft
Nokia Won't Return To Phone Manufacturing

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .