Nokia abandons venture with Sanyo for phones

Article Abstract:

Nokia Corp. of Finland is cancelling its plan for an alliance with Sanyo Electric Co. of Japan. The deal was for CDMA (Code Division Multiple Access) technology in wireless telephones. The cell phone market for this type of technology has become increasingly competitive since the joint venture was announced earlier this year.

Finland

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Nokia profit rises 19% even as prices of cellphone handsets decline

Article Abstract:

Nokia Corp. of Finland posted a 19 percent increase in fourth quarter net income to 1.27 billion Euros ($1.65 billion) from 1.07 billion Euros last year. The cell phone market is maturing and prices for handsets are falling increasing competition in the marketplace.

Sales, profits & dividends, Forecasts, trends, outlooks, Company sales and earnings, Company earnings/profit, Industry forecasts, Industry overview, Financial report

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Nokia to seek more new markets as operating-margin targets slip

Article Abstract:

Nokia Corp. of Finland, is moving into adjacent markets and has reduced its operating-margin target to 15 percent from 17 percent in December 2006. The cell phone manufacturer is exploring new synergies as the market for mobile phones becomes saturated.

Financial management, Finance, Company financing

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