Ericsson performs better than expected in third quarter

Swedish vendor Ericsson is keeping its head above water amid the financial turmoil, reporting stronger than expected earnings on Monday. For the third quarter of 2008, Ericsson recorded a net income of SEK2.8bn (Eur283m). This figure was down 28 per cent on the SEK4bn reported for the same period in 2007, but was still a […]

Sony Ericsson digs its heels in

Despite the economic turbulence, handset vendor Sony Ericsson managed to turn in a smaller than expected third quarter loss. At Eur25m the company’s quarterly loss compared to a profit of Eur267m in the same period last year, and follows a second quarter slide which sparked a Eur300m cost saving exercise. Third quarter sales hit Eur2.8bn, […]

Nokia keeps its cool as profits head south

Despite reporting a hefty slide in third quarter profits, Nokia, the world’s biggest handset vendor, avoided spooking the market with any mention of the effects of the prevailing economic crisis. Net profit for the quarter slipped to Eur1.09bn from Eur1.56bn in the same period last year, while net sales fell 5 per cent to Eur12.2bn. […]

Microsoft eyeing up BlackBerry maker?

Canadian BlackBerry manufacturer Research In Motion (RIM) and US software shop Microsoft were caught up in the industry rumour mill this week, with speculation circulating that the pair are about to get hitched. Naturally, both parties are keeping quiet on the rumours, which appear to have been started by a US analyst who commented Microsoft […]

Huawei handsets off the market

In a week of financial turmoil it will come as little surprise to learn that Chinese mega-vendor Huawei has decided to postpone the sale of a stake in its handset unit. Back in May, when the firm hired Morgan Stanley to organise the sale of a business worth an estimated $3.5bn, local reports claimed network […]

Nokia takes on whole industry with music play

Finnish handset vendor Nokia threw down the gauntlet to the entire mobile industry on Thursday night, taking on operators and handset manufacturers alike with its latest salvo of releases. There was a triple whammy of announcements from the world’s biggest handset maker – the launch of the long awaited Comes with Music platform; the unveiling […]

Nokia worries operators with Oz acquisition

Finnish handset vendor Nokia has significantly beefed up its Ovi mobile services offering with Tuesday’s acquisition of Canada-based mobile email shop Oz. Nokia didn’t say how much it paid for the firm, but analysts say $100m is probably close to the price. With the acquisition, the world’s biggest handset vendor has shifted the focus of […]

Nokia loses technology boss

The world’s biggest mobile handset vendor, Nokia, said Monday that chief technology officer Bob Iannucci has resigned from his post with immediate effect. The Finnish vendor said Iannucci will continue to work as an advisor to the firm until a replacement is found. “Personal reasons,” were listed as the reason for his departure, although it’s […]

Nokia, NSN and Huawei strike wireless patent deal

Kit vendor Nokia Siemens Networks and its Finnish parent Nokia have struck a patent licensing agreement with Chinese manufacturer Huawei. On Monday, the firms said that the deal covers all standards essential patents relating to GSM, WCDMA, CDMA2000, optical networking, datacom and WiMAX in mobile devices, infrastructure and services. Ilkka Rahnasto, VP of Intellectual Property […]

Sony Ericsson ups its game with unlimited music

Fifth placed handset vendor Sony Ericsson looked hopeful this week, refreshing its handset portfolio and getting in on the services game with an unlimited music offering. The Japanese-Swedish joint venture has been on the back foot this year, having been overtaken by Korean rival LG, and losing market share to stronger competitor portfolios. Despite the […]

Nokia ups its game in service management space

Monster kit vendor Nokia Siemens Networks said Monday it plans to expand its customer base in the service management space through a range of new channel partners. The initiative will see NSN target the service management software business by collaborating with KlugCom, P3 Solutions, Subex and Theta Networks. NSN said these channel partners would give […]

Nortel to offload Metro unit as gloom continues

Canadian kit vendor Nortel added another dark patch to the general economic gloom on Wednesday, and looks to be flogging off its crown jewels in order to keep the ship afloat. The troubled firm warned investors that it is “experiencing significant pressure” as its customers cut back capital expenditure more than previously expected. As a […]

Nokia applauded as green champion

The world’s biggest manufacturer of mobile handsets is also the world’s greenest electronics vendor, according to environmental campaigner Greenpeace. Scoring seven points out of ten in the latest Greenpeace ‘Guide to Greener Electronics’, published this week, Nokia was shown to have regained lead position, due largely to its improved product take back and recycling practices […]

Nokia Siemens names new finance chief

Mega vendor Nokia Siemens Networks named Luca Maestri as incoming chief financial officer on Thursday, as incumbent CFO Eric Simonsen prepares to retire. Maestri is to join the Finnish-German firm on October 1, moving from General Motors, where he most recently held the position of CFO for General Motors Europe. The new finance head will […]

Nokia targets enterprise space with email plan

Leading mobile handset vendor Nokia upped its game in the enterprise space on Wednesday, announcing plans to extend Microsoft Exchange ActiveSync to all of its S60 3rd Edition devices. A total of 43 Nokia gadgets will now support the Mail for Exchange mobile email application, with future releases of the E and N series platforms […]

Alcatel-Lucent, Motorola “leaders” in WiMAX

During the three months ended 30 June 2008, vendors Alcatel-Lucent and Motorola accounted for over two thirds of worldwide mobile WiMAX equipment revenue. This is according to Infonetics Research, which describes the two suppliers as “runaway leaders” in the 802.16e equipment market. And their lead is increasing. During the first quarter of this year, Alcatel-Lucent […]

Nokia refuses to play price game

Finnish powerhouse Nokia, the world’s largest mobile phone manufacturer by some margin, warned Friday that it may lose market share during the third quarter. The reasoning behind Nokia’s message is that the Finnish firm refuses to compete on price, while its rivals are just about cutting their own throats to make way in the developing […]

Ben Verwaayen accepts Alcatel Lucent challenge

The former chief of UK incumbent telecom operator BT, Ben Verwaayen, will take the post vacated by Patricia Russo as CEO of struggling Franco-US comms vendor Alcatel Lucent in October. Also announced Tuesday, high ranking French business leader Philippe Camus will replace Serge Tchuruk as the company’s non-executive Chairman. Verwaayen has an impressive CV. He […]

Ericsson in managed services deal with Hanoi Telecom

Swedish vendor Ericsson has signed a contract with Vietnamese incumbent Hanoi Telecom which the firms say is the largest single telecoms deal that has every been struck in the nation. Worth $450m, the deal is built around a three-year managed services contract that will see Ericsson assume complete control of the management, operation and network […]

Nortel takes chainsaw to virtual worlds

Canadian kit vendor Nortel continued its spending spree this week, announcing the acquisition of a 3D voice firm to spur on its move into the realm of virtual worlds. The $7m acquisition of DiamondWare is Nortel’s second acquisition in as many weeks, following the purchase of unified communications firm Pingtel, and is yet more evidence […]

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