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Edition: U.S. Article Comments (1) Save Email Print Reprints Most Popular Most Shared Crime riles Arizonans bent on immigration crackdown 10:31am EDT UPDATE 1- Sinatra week ends Aaron Kelly's run on "Idol" 1:20am EDT Luggage explosion causes scare at Houston airport 04 May 2010 Americans "bombarded" with cancer causes: government panel 11:14am EDT Many possible triggers for wider euro debt crisis 05 May 2010 Greek PM presses austerity plan, vows to fight graft | Video 11:09am EDT Greece to back austerity plan | Video 10:41am EDT Euro, world stocks hit by Greek contagion fear 8:23am EDT Wall Street extends losses on Greece worry 11:25am EDT WRAPUP 1-US asks Pakistan for help in NY bomb probe-report 12:36am EDT Americans "bombarded" with cancer causes: government panel 11:14am EDT Crime riles Arizonans bent on immigration crackdown 10:31am EDT Bad night's sleep can hamper body's insulin use 05 May 2010 Congress probing J&J Children's Tylenol recall 9:31am EDT Many possible triggers for wider euro debt crisis 05 May 2010 Sprint to unveil new text-centric cell plan 12:21am EDT Greece to back austerity plan | Video 10:41am EDT U.S. safety agency looking into P&G's new Pampers 05 May 2010 Obama biggest recipient of BP cash 05 May 2010 FDA finds grime at J&J plant, urges use of generics 05 May 2010 Analysis Developers question Apple's advertising ambitions Software developers expect a windfall in ad revenue from games and other applications they are designing for the iPad, but Apple push into mobile advertising is raising some industry hackles. Full Article Chicago institute offers iPad app class Nokia board says supports management's strategy HELSINKI Thu May 6, 2010 9:13am EDT A man rests near a Nokia display at the Mobile World Congress in Barcelona February 17, 2010 file photo. Credit: Reuters/Albert Gea Related News Wounded Nokia chief to face frustrated investors Fri, Apr 30 2010 HP-Palm deal fresh blow to Asian smartphone laggards Thu, Apr 29 2010 HP-Palm deal fresh blow to Asian smartphone laggards Thu, Apr 29 2010 Nokia unveils new flagship phone Tue, Apr 27 2010 Nokia unveils new flagship phone model Tue, Apr 27 2010 HELSINKI (Reuters) - The chairman of Nokia said its management had the board's full support as it moves the world's top cellphone maker away from hardware and toward offering services. Technology | Media "We support management in this," Jorma Ollila said in a speech to shareholders on Thursday. Nokia has started to build a new business by offering Internet services ranging from music downloads to e-mail, but these have gained little traction so far. "We still have plenty of work to do, but we have built a solid foundation. We believe in our strategy," chief executive Olli-Pekka Kallasvuo said. Management has been under increasing criticism from analysts and shareholders as Nokia's share price has missed the market's recovery. The company will be one of the few to miss profit growth in 2010, the year of economic recovery, and software problems continue to haunt its smartphones. Last month, Nokia delayed the rollout of phones using Symbian 3, its software platform revamp seen as a first step to making its smartphones competitive again, triggering a sell-off in its shares. Kallasvuo said Nokia expected its new generation of devices to significantly close the gap with the competition in high-end smartphones. Nokia has not been able to make a serious challenge to Apple's iPhone in the three years since it was introduced. Its last hit smartphone model, the N95, was unveiled in 2006, the year Kallasvuo, a long-time company lawyer, took over at the helm of the Finnish company. Nokia shares were down 0.5 percent at 1305 GMT. (Reporting by Tarmo Virki; Editing by Dan Lalor) Technology Media Comments See All Comments (1) | Post Comment May 06, 2010 10:47am EDT Factbox: Ex- Nokia CEO and present Chairman of the Board at Nokia Jorma Ollila handpicked Olli_-Pekka Kallasvuo to be his successor in 2006. So, it is not conceivable, that Ollila would fire Kallasvuo no matter what happened or no matter what investors or experts say. The only viable scenario in which CEO Kallasvuo would step down would be, if and when Ollila ceases to be the Chairman of the Board. That possibility is not in sight. Unless, of course, if the negative market reaction forces the Nokia Board to take some stern action to placate investors, who have lost patience by waiting for Nokia’s often promised turnaround for the past three years. When will that promised turnaround take place is anybody’s guess? If Nokia CEO’s repetitive promises of the past three years is some guideline, then the chances of a swift turnaround seem really very remote. ulludapattha Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. More from Reuters Facebook privacy snafu exposed user chats SAN FRANCISCO (Reuters) - Private chats between some Facebook users were briefly viewable by other users on Wednesday, an embarrassing technical glitch for a company facing growing criticism over "sloppy" privacy protection. Nokia board says supports management's strategy Sprint to unveil new text-centric cell plan Nokia, Microsoft launch new mobile software HP names Microsoft veteran to lead software Intel revamps Atom platform for smartphone push » More Top News Greece vows to "walk alone" The Greek government said there was "no alternative" to deep budget cuts and said it would press ahead with the austerity plan in the face of violent opposition. Full Article | Video A snapshot of austerity to come Timeline: Greece's debt crisis Can Greece avoid default? Breakingviews: U.S. shouldn't be smug Slideshow: Chaos in Greece Greece Special Report: Bailed out and cashing in Wall Street bankers faced the most grief about their fat paychecks, but homebuilder execs' generous pay has gone under the radar despite their own brand of government bailout. Full Article Foreigners return to mortgage assets Home loan demand up More sellers cut home prices in April Housing Market © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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