Nokia: Losing the Smartphone War One Ugly Pink Handset at a Time

Earlier this year, Rick Simonson, outgoing head of Nokia’s mobile phone business, set an ambitious goal for the company: “By 2011…we will be at par with Apple and RIM in smartphones,” he said. “Not only [will] we draw level with them, we will also win the war.” Evidently, pulling that off has proven quite a bit more difficult than Simonson or Nokia imagined. Because this morning, the company slashed its second-quarter financial guidance.

Palm Disappoints

The second-quarter loss Palm reported Thursday afternoon was narrower than the one it reported last year, but still fell far short of what Wall Street had been expecting. The company did manage to ship a total of 783,000 smartphone units during the quarter, though, a five percent decrease from last quarter but a year-over-year increase of 41 percent.
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Former Yahoo CEO's Tenure Memorialized With $303 Million Fourth-Quarter Loss

Yahoo’s financials for the fourth quarter–co-founder Jerry Yang’s last as CEO–were about what you’d expect: mediocre. The fourth was Yahoo’s first money-losing quarter since 2002, and the first time its revenue declined since the fourth quarter of 2001.

Former Yahoo CEO’s Tenure Memorialized With $303 Million Fourth-Quarter Loss

Yahoo’s financials for the fourth quarter–co-founder Jerry Yang’s last as CEO–were about what you’d expect: mediocre. The fourth was Yahoo’s first money-losing quarter since 2002, and the first time its revenue declined since the fourth quarter of 2001.