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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Nokia-Siemens CEO says focus on market share: report Sun Nov 29, 2009 6:13am EST Email | Print | Share | Reprints | Single Page [-] Text [+] HELSINKI (Reuters) - Ailing telecom equipment maker Nokia Siemens Networks has changed its business focus to increasing its market share, the new chief executive of the venture was quoted as saying on Sunday. "In early 2008 we made a strategic decision to focus more on cash flow and profitability than on the market share. Now it's time to give it up and to focus solely on the market share," Rajeev Suri told Finnish daily Helsingin Sanomat. Nokia Siemens Networks, a 50-50 venture of Nokia and Siemens, has struggled to make a profit since its start in 2007 as it has faced fierce competition from rivals Ericsson and Huawei. As Nokia Siemens has focused on profits and avoided the deals most heavily competed for, its market share has dropped since last year, and in the last quarter it lost its second spot in the wireless equipment market to Huawei, according to research firm Dell'Oro. (Reporting by Tarmo Virki; Editing by Clarence Fernandez) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Activision says "Call of Duty" series tops $3 billion Also On Reuters Blog: Why is Starbucks hiding its iconic logo? Big developing countries form climate change front Slideshow Slideshow: The world's top business hotels More Technology News Black Friday shoppers tweet, friend and clip Activision says "Call of Duty" series tops $3 billion Videogames find ways to help real CSI solve crimes French minister wants Europe to take on Google Acer says Windows 7 good for sales More Technology News... More News Ciena beats NSN to buy Nortel's businesses for $769 mln Monday, 23 Nov 2009 12:02pm EST UPDATE 4-Ciena beats NSN to buy Nortel ops for $769 mln Monday, 23 Nov 2009 11:57am EST FACTBOX-Bankrupt Nortel's asset sales Monday, 23 Nov 2009 05:56am EST Ciena trumps NSN to buy Nortel ops for $769 million: sources Monday, 23 Nov 2009 01:01am EST Ciena raises bid for some Nortel assets: sources Sunday, 22 Nov 2009 06:25pm EST Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Transsexual L.A. Times sportswriter found dead Hacked climate emails called a "smear campaign" Abu Dhabi to aid Dubai on "case by case" basis Adam Lambert furor spreads to gay community Black Friday sales barely up, online surges | Video Patrol unable to question Tiger Woods on car crash Philip Morris ordered to pay $300 million to smoker Cuba conducts war games with U.S. invasion in mind Dubai debt woes may hit U.S. property market Audit would hurt economic prospects: Bernanke Most Popular Articles RSS Feed Video Bomb caused Russian train crash Cargo plane crash in China Safer stoning at Haj Dozens dead in Russian train crash Bargain hunting on Black Friday Santas and angels gather in Berlin Couple crashes White House dinner Woods home after car crash Giant pandas arrive in Australia Muslims celebrate Eid Most Popular Videos RSS Feed Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Journalism Handbook | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States 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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