Nokia Dips Into Red as Q1 Sales Drop Nearly 29 Percent

Nokia’s quarterly results were, as expected, grim, with a steep drop in sales and operating losses. And the company’s top sales executive is stepping down.
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Could Executive Departures Accompany Nokia Strategy Shift?

A German weekly reported that several high-level executive departures could be in the works at the Finnish cellphone maker, which is expected to roll out a new business strategy at an investor meeting on Friday in London.

A CMO for Nokia

Another executive appointment at Nokia and further indication of the direction in which newly installed CEO Stephen Elop hopes to take the company. This morning Nokia tapped Jerri DeVard as its chief marketing officer, its first ever.

Nokia N8 Engine Trouble Traced to Assembly Line

The delayed Nokia N8 hasn’t been on the market two months and it’s already been hit with manufacturing problems. The company acknowledged Thursday that some first-run devices are affected by a hardware issue that causes them to power down and refuse to power back up again.

Nokia Reorgs Evidently Biannual

“A simplified company structure.” Evidently, that is the solution to all Nokia’s problems–to the erosion of its share of the smartphone market and its failure to develop a worthy rival to the likes of Apple’s iPhone and Research in Motion’s BlackBerry. And so this morning, the handset maker announced another sweeping overhaul of its management structure, its second reorganization in less than a year.
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NOK, NOK. Who's There? Not You Any More…

Nokia, the world’s largest maker of mobile phones, will soon be just a tad smaller. This morning the company said it will sack a further 450 employees in its mobile services business, a division charged with developing and delivering the Ovi-branded Internet services tied to Nokia devices. Seems the still souring economy has undermined Nokia’s ambitions in that area, and Apple’s success with the iPhone App Store has inspired it to look to third-party developers to bring new applications to its devices.
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NOK, NOK. Who’s There? Not You Any More…

Nokia, the world’s largest maker of mobile phones, will soon be just a tad smaller. This morning the company said it will sack a further 450 employees in its mobile services business, a division charged with developing and delivering the Ovi-branded Internet services tied to Nokia devices. Seems the still souring economy has undermined Nokia’s ambitions in that area, and Apple’s success with the iPhone App Store has inspired it to look to third-party developers to bring new applications to its devices.
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