je.st
news
Tag: nokia
Nokia appoints new CEO, unveils new strategy, governance
2014-04-29 09:37:00| Telecompaper Headlines
(Telecompaper) Nokia has appointed a new president and CEO and unveiled a new strategic programme. The company wants to become a leader in technologies important in a connected world by building on its three businesses in networks, location and technologies. The company also has plans a EUR 5 billion programme to optimise its capital structure and a new governance structure and leadership team. New CEO Rajeev Suri will take office from 1 May, after joining Nokia in 1995. Since October 2009, he has served as CEO of NSN, the former joint venture between Nokia and Siemens that is now fully owned by Nokia. Risto Siilasmaa, chairman of the Nokia board of directors and interim CEO, will return to focusing exclusively on his role as chairman. For the long term, Nokia has singled out three areas important to the connected world and where it wants to leads: device and data connectivity; location services between the real and virtual worlds; and innovation, including in sensing, radio and low power technologies.
Tags: strategy
nokia
ceo
governance
Nokia moves to profit, boosts cash after handsets sale
2014-04-29 08:36:00| Telecompaper Headlines
(Telecompaper) Nokia reported first-quarter sales from continuing operations down 15 percent from a year earlier to EUR 2.664 billion. Adjusted operating profit rose 20 percent to EUR 304 million, and the net result improved to a profit of EUR 0.03 per share from a loss of 3 cents a share a year ago. The results exclude the handset activities sold to Microsoft, the proceeds of which boosted Nokia's net cash position to EUR 7.1 billion. The company also announced a special dividend of EUR 0.26 per share, plus its ordinary dividend for 2013 of EUR 0.11 per share. The main business Nokia Solutions and Networks recorded Q1 sales down 17 percent to EUR 2.33 billion, as equipment sales were flat and services revenue fell 25 percent. Cost reductions helped operating profit improve 10 percent year-on-year to EUR 216 million. The Here navigation division also moved to an operating profit of EUR 10 million on sales down slightly to EUR 209 million, and Nokia generated another EUR 131 million in revenue from licensing. Nokia maintained its full-year outlook for NSN to reach the high end of its long-term target of 5-10 percent adjusted operating margin, after a result of 9.3 percent in Q1. In addition, it now expects NSN to report annual sales growth in the second half of 2014. In Q2, the company expects a negative impact on margins from lower software sales at NSN and cash flow to be impacted by staff incentive payments.
Nokia names Rajeev Suri as new boss
2014-04-29 07:53:29| BBC News | Business | UK Edition
Nokia has named Rajeev Suri, until now the head of its network equipment division, as the new chief executive officer.
Nokia Will Rebrand, But Not as Microsoft Mobile
2014-04-29 02:34:43| PC Magazine Cell Phones Product Guide
Microsoft is still deciding on a name for its new handset division, but it won't be Microsoft Mobile Oy.
Tags: mobile
microsoft
nokia
rebrand
Nokia confirms Suri as CEO as Q1 revenue slides
2014-04-29 02:00:00| Total Telecom industry news
5 billion capital restructure announced as the era of Nokia without handsets dawns.
Tags: nokia
revenue
ceo
slides
Sites : [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [137] [138] [139] [140] [141] [142] [143] next »