InfoAnda - Nokia executive quits as phone sales plummet |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

US asks Germany, France to take Guantanamo inmates | 6 May 2009
After Abdul, Idol will still ad up | Entertainment | | 6 August 2009
U.S., UK and France urge no meddling in Hariri tribunal | 19 October 2010

Iran pilgrims among 13 dead in Iraq bombings: sources | | 4 December 2010

Forum Views () Forum Replies ()

Read more with google mobile : Nokia executive quits as phone sales plummet |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Video Counterparties: Today's Best Links Steve Jobs: The lost interviews Newly unearthed interview tapes from veteran tech journalist Brent Schlender shed light on the early failures and motivations of the late Steve Jobs. Read more at Counterparties Income inequality up during the recovery How the Facebook-Instagram deal got done Follow Reuters Facebook Twitter RSS YouTube Read Preview: Disgruntled French set to vote out Sarkozy 5:45am EDT Ted Nugent says Secret Service to quiz him about Obama remarks 18 Apr 2012 Why Judge Recused Herself from Zimmerman Case 18 Apr 2012 India tests nuclear-capable missile that can reach China | 6:59am EDT JetBlue pilot who had midair meltdown to plead insanity-filing 18 Apr 2012 Discussed 166 Trayvon Martin’s killer showed signs of injury: neighbors 139 Obama paid 20.5 pct tax rate in 2011: White House 106 North Korea launches rocket amid international condemnation Watched Hair regeneration study, a boost for the bald Wed, Apr 18 2012 Panetta condemns photos of U.S. soldiers posing with dead Afghan insurgents Wed, Apr 18 2012 Bill Gates to become comic book hero Tue, Apr 17 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Images from Hubble The Hubble Telescope marks its 22nd anniversary. Slideshow Most influential people A sampling of those who made the latest Time magazine list. Slideshow Nokia executive quits as phone sales plummet Tweet Share this Email Print Related News Nokia CEO says confident in Windows Phone, sales team 7:03am EDT Analysis & Opinion ‘Astounding’ Seattle TRO ruling could remake smartphone wars Apple and Microsoft v. Google: patent war shifts to antitrust Related Topics Tech » Media » Related Video Nokia promises more cuts after disappointing Q1 9:44am EDT Picture shows a Nokia logo at a shop in Warsaw, January 26, 2012. Credit: Reuters/Kacper Pempel By Tarmo Virki HELSINKI | Thu Apr 19, 2012 12:08pm EDT HELSINKI (Reuters) - Nokia dropped its sales chief and promised to slash more costs, as Chief Executive Stephen Elop battles to reinvent the cellphone maker to compete with smartphone rivals. The Finnish company, which is expected to be overtaken as the world's biggest handset maker by Samsung Electronics, swung to a net loss of 1.6 billion euros in the first quarter, hit by falling sales and heavy restructuring charges. Analysts said Elop has until the end of the year to improve sales of new Lumia smartphones - Nokia's main weapon in its fight against Apple and Samsung - before investors start to question his position. Elop launched Nokia's turnaround plan in February 2011 by switching to Microsoft's Windows operating system, in a bid to make its phones more competitive against Apple's iPhone and Samsung's Galaxy. Since then, its shares have crashed by two-thirds as investors doubt whether the strategy will work. Last week, Nokia said sales of the Windows-based Lumia phones fell far short of analysts' estimates, raising fresh concerns. Nordea analyst Sami Sarkamies said on Thursday Elop had one chance to show he had made the right choice in picking Windows over other options like Google's Android software. "Elop's faith is fully married to the Windows phone strategy. If it fails, he fails and I don't think he will get a second chance," he said. "If there is no significant improvement during the autumn or towards the end of this year then it will be time to draw conclusions." Nokia made a loss of 0.08 euro per share for the first quarter, 1 cent wider than a Thomson Reuters StarMine forecast. It warned last week of losses in the first two quarters of the year. "Clearly we are disappointed by our performance in the first quarter," Elop said on Thursday. SALES CHIEF EXITS Nokia said Colin Giles, head of sales, would leave the firm in June, as it restructures the sales team. Nokia's first-quarter cellphone sales fell 24 percent from a year ago. The company said Giles was leaving to spend more time with his family and would not be replaced. His boss, markets unit chief Niklas Savander will take on Giles' duties. China-based Giles had worked at Nokia since 1992 and played a key role in building the company's business in Asia - a region where it now faces tough competition from lower-priced rivals. Sales in China fell 70 percent in the first quarter from a year earlier. Nokia said it would announce details of extra, substantial cost cuts soon. Its shares closed down 3.6 percent at 2.92 euros, valuing the firm at around 11 billion euros. Some analysts say the shares are extremely undervalued, taking into account nearly 5 billion euros of cash and its large patent portfolio. "Nokia's patent portfolio's value is probably over 5 billion euros. Nokia's current valuation is basically patents plus net cash position," Sarkamies said. Others said Nokia's management was not getting enough credit for the changes implemented over the past year. IDC analyst Francisco Jeronimo noted that Google's Android took time to take off as well. "Nokia is doing quite well by shipping 2 million Lumia devices in the quarter. It took five quarters for Android to reach the 2 million mark shipments a quarter," he said. Gartner analyst Carolina Milanesi said Elop should be given more time to execute plans for new phones later this year. "It is too early to be talking about a new CEO. I would say Elop has until February 2013 - two years from when it all started - to prove the strategy was the right one," she said. "This timing gives him the new version of the Windows phone operating system and the holiday season." ($1 = 0.7621 euros) (Additional reporting by Terhi Kinnunen; Writing by Ritsuko Ando; Editing by Erica Billingham) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us 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.

Other News on Thursday, 19 April 2012
NATO says concrete plans emerging for Afghanistan after 2014 |
Exclusive: Bolivia says may de-flag Iranian ships |
Russia admits irregularities in regional vote after protests |
Netanyahu defends comparison of Iran, Nazi Holocaust |
U.S. warns of Boko Haram attacks on Nigeria capital |
Bissau junta sets two-year roadmap to elections |
Peru rebel leader mocks Humala's army after ambush |
Apple wants trial on e-book price-fixing: lawyer |
Social media is gold for Olympics advertisers |
Analysis: Apple results loom large for tech
Nokia's elusive recovery rekindles strategy doubts |
Veteran television personality Dick Clark dead at 82 |
Lionel Richie ousts Minaj for Billboard top spot |
ABC sued over alleged racial bias on The Bachelor |
Syria yet to send clear signal on peace: U.N. chief |
India tests long-range missile; capable of reaching China |
At least 24 killed in series of blasts in Iraq |
Japan near to announcing Myanmar loans restart: source |
Too early to tell on North Korean leader: Clinton |
Analysis: Sarkozy's last best hopes to get off the ropes |
EU states agree in principle to suspend Myanmar sanctions: diplomats |
Libya insists on Gaddafi son trial as ICC visits |
Yemeni army kills seven Islamists in south |
Analysis: Apple results loom large for tech
Sony set to win EU approval for EMI deal: FT |
HP to build printer factory in China: report |
Nokia under pressure to show turnaround plan |
Social media is gold for Olympics advertisers |
Veteran television personality Dick Clark dead at 82 |
Tribeca opens with comedy The Five-Year Engagement |
Two black men accuse ABC of racial bias over 'The Bachelor' |
Diddy beats Jay-Z, as Forbes' richest hip hop artist |
Norwegian killer says planned far larger attacks |
Bashir says Sudan to teach South final lesson by force |
Afghan government, Taliban condemn photos of U.S. troops with Afghan bodies |
Bosnia opens trial of Muslims for war crimes |
Exclusive: France would not support oil release under Hollande |
Turkey arrests more officers over 1997 coup |
Lawmakers press UK government over China murder scandal |
Sun journalist held ahead of showdown for Murdochs |
Apple, Google, Intel fail to dismiss staff-poaching lawsuit |
Verizon Wireless data revenue growth impresses |
Nokia executive quits as phone sales plummet |
New York state sues Sprint for more than $300 million over taxes |
Pitt, Kidman films to premiere at Cannes in 2012 |
Protesters detained at Russian punk group hearing |
Sony-led group wins EU approval to buy EMI publishing |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01