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Nokia Siemens Networks
Latest Nokia Siemens Networks Items
Struggling Nokia Corp. turned a fourth-quarter net profit of (EURO)202 million ($270 million) compared with a loss of $1 billion a year earlier, but revenue fell 20 percent as it failed to make gains in the fiercely competitive smartphone market.
Struggling Nokia Corp. turned a net profit of (EURO)202 million ($270 million) in the fourth quarter, compared with a loss of $1 billion a year earlier, but revenue fell 20 percent as it failed to make gains in the fiercely competitive smartphone market.
Nokia Corp. reported Thursday that its third quarter net loss widened further to (EURO)969 million ($1.27 billion) with a 19 percent plunge in revenue, as it struggles against the dominance of Samsung and the iPhone in the tough smartphone market.
Eager to expand in the United States, China's biggest technology companies face an America anxious about threats to jobs and national security.
CTIA Wireless, the U.S. cellphone phone industry's annual trade show that starts Tuesday, is drawing heavy participation not just from the cellphone industry, but from MasterCard, Visa, and other companies in the business of moving money around.
T-Mobile USA on Tuesday said that Nokia Siemens Networks and LM Ericsson AB will supply the network equipment for its new wireless broadband network, a project worth $4 billion.
Wireless equipment maker Nokia Siemens Networks will slash 17,000 jobs _ almost one-quarter of its work force _ in a move to cut annual costs by euro1 billion ($1.35 billion) by 2013, company officials said Wednesday.
Nokia Siemens Networks says it will cut 17,000 jobs worldwide by 2013 as it strives to cut costs by 1 billion euros ($1.35 billion).
China's quietest multibillion-dollar Chinese success story began when a former soldier founded a company in the 1980s to sell imported phone switches.