By Editor on February 22, 2011 · Leave a Comment
Nokia Siemens Networks, Chief Executive, Rajeev Suri stated that he is very confident about the company’s prospects and reiterated its plans to finalize the acquisition of Motorola Inc.’s network equipment assets in the first quarter of 2011.
According to him, overall, they have a lot of confidence and conviction about furthering their progress in 2011. The company feels extremely strong about their portfolio, which is stronger than it has ever been before. Through this, NSN is as strong as it has ever been.
NSN is a joint venture between Finland’s Nokia Corp. and Germany’s Siemens AG.
As per Suri, a week before the Mobile World Congress in Barcelona, their owners stated that on their behalf there will be slight growth in industry revenue, which means they see just a little bit of growth, and that given the trend in mobile broadband and services, they believe that the company will outgrow the market and that non-IFRS operating margin will be above break-even.
NSN’s current guidance excludes the Motorola acquisition. Suri added that they will update their outlook when the Motorola acquisition is complete.
Suri also stated that NSN hopes to finalize its planned acquisition of most of Motorola’s network equipment assets in the first quarter of this year.
If the deal closes, NSN will get an important inroad into the lucrative U.S. market.
Suri also commented on interest from private equity firms in buying a stake in NSN from its parent companies. He stated that their shareholders have been talking to a few private equity players and time will tell them how talks progress and which player that will be.
Filed under Mobile ·
Tagged with Barcelona, Chief Executive, Finland, Germany, Mobile, Mobile World Congress, Motorola Inc, Nokia Corp, Nokia Siemens Networks, non-IFRS, Operating Margin, Rajeev Suri, Siemens AG, U.S
By Editor on February 2, 2011 · Leave a Comment
A Rating Agency has put Nokia Corp. on watch for downgrade, citing the cellphone maker’s declining market share and relatively weak showing in the high-end smartphone race.
Nokia’s American depositary receipts were down 4 cents at $10.70 in recent premarket trading. Through Monday’s close, the ADRs were down 24% over the past year.
The move follows the cellphone maker reporting last week its fourth-quarter profit declined and it faces significant challenges that are expected to drag on sales and margins in the current quarter. Smartphones based on Google Inc.’s Android operating system eclipsed those using Nokia’s Symbian software in the latest period.
The downgrade watch reflects Nokia’s announcement that estimated share of the converged mobile device market declined in the end-of-year period, primarily due to its still weak competitive position for high-end smartphones, as well as certain component shortages.
By Editor on December 16, 2010 · Leave a Comment
Siemens AG and Nokia Corp. are reportedly in talks to sell its minority stake of around 30% in their Nokia Siemens Networks joint venture.
According to reports, the proposed sale would be to a consortium which includes the private-equity firms Blackstone Group LP and the Gores Group. No price has been decided as telecom equipment vendor Nokia Siemens Networks has not yet completed the acquisition of part of Motorola’s network business.
Nokia and Siemens, which each hold 50% of Nokia Siemens Networks.
As per reports, the majority of other interested parties, which included the private equity investors KKR, Apollo, Bain Capital and Silver Lake Partners, are said to have pulled out of the bidding process.
Filed under Mobile ·
Tagged with Apollo, Bain Capital, Blackstone Group LP, Gores Group., Joint Venture, KKR, Mobile, Nokia Corp, Nokia Siemens Networks, Siemens AG, Silver Lake Partners
By Editor on November 23, 2010 · Leave a Comment
Samsung Electronics Co., the world’s second-largest cell phone supplier, grabbed a double-digit share in Western Europe’s smartphone market for the first time, industry data showed Monday.
Samsung accounted for 10.9 percent of Western Europe’s smartphone market in the July-September period, according to market researcher Strategy Analytics Inc. The company had never grabbed a double-digit share there before.
Samsung edged out Taiwan’s HTC Corp. and became the fourth-largest smartphone seller in Western Europe.
Nokia Corp. retained the top position with a 31.3 percent smartphone share in the third quarter, followed by Apple Inc. with a 19.9 percent share. Research In Motion Ltd. ranked third with 13.9 percent.
Samsung attributed its growth to positive responses to its new smartphone models, the Galaxy S smartphone running on the Android system and the Wave phone based on Samsung’s own proprietary operating system.
Samsung’s smartphones are popular in France and Austria in particular, where it is leading over other smartphone makers.
The Galaxy S was launched by the leading mobile carrier in Austria, A1 Telecom Austria AG, in June and has since led the market.
Samsung’s share in the overall cell phone market there was at a record 32.6 percent in the third quarter, and it accounted for 27.8 percent of Austria’s smartphone market in the same period, it said.
By Editor on October 7, 2010 · Leave a Comment
Samsung Electronics, the world’s biggest seller of computer memory chips and mobile phones estimate that third-quarter operating profit likely to have higher profits from the previous quarter’s record along with signs that growth in global demand is waning.
According to the company, it anticipates combined operating profit between US$4.1 billion to US$4.5 billion for the three months ended Sept. 30. That would be higher than the US3.78 billion record in the third quarter last year but less than the US4.49 billion accumulated in the second quarter of 2010.
Aside from supremacy in chips, Samsung is the world’s biggest seller of liquid crystal displays and flat-screen televisions and ranks No. 2 in mobile phone handsets after Finland’s Nokia Corp.
Samsung estimated consolidated sales between US$34.98 billion and US$36.77 billion for the third quarter.
According to spokesman Nam Ki-yung, the company gave no reason for the expected quarterly results and plans to release details when it formally announces third-quarter earnings at the end of this month.
Operating profit was seen as a direct indicator of business performance before taxes, dividends, asset sales and other items that are figured into net profit or loss.
Samsung started issuing earnings estimates, or guidance, last year expecting the increased transparency would help minimize market speculation over its performance. The estimates include the performance of its overseas and domestic subsidiaries.
Filed under Mobile ·
Tagged with 3Q, asset sales, business performance before taxes, computer memory chips, Dividends, domestic subsidiaries, Finland, flat-screen televisions, global demand, guidance, issuing earnings estimates, LCD, Loss, Mobile, Net Profit, Nokia Corp, Operating Profit, Overseas, Samsung, second quarter
By Editor on October 7, 2010 · Leave a Comment
Taiwan’s HTC Corp, the world’s renounced smartphone brand, has nearly doubled its profits in the third-quarter. HTC is the world’s largest producer of mobile phones that use Microsoft’s Windows operating system by shipments. It also makes smartphones using Google Inc.’s Android operating system.
According to the company, its third-quarter net profit nearly doubled to US$361 million from US$0.18 million a year earlier due to strong demand for its smartphones and its push to adopt the Android operating system.
HTC has recently revealed details of its push into the increasingly important mobile services sector and has launched two new handsets with Google’s Android software.
The company has been forcing resources into raising awareness of phones sold under the HTC brand name to better race with large established smartphone firms like Nokia Corp.
According to the company, its earnings per share in the three months ended Sept. 30 rose to US$0.44from US$0.23 a year earlier. Q3 revenue doubled to a record of US$2.45 million from US$1.097 million a year earlier.
The company claimed that it will begin its shipping for many new models in large quantities from October.
HTC gained popularity overseas for its early adoption of the Android platform for mobile phones, recently unveiled two new smartphones in London. According to HTC, the HTC Desire HD and HTC Desire Z phones will be available through mobile operators and retailers across major European and Asian markets from later this month.
Filed under Mobile ·
Tagged with Asian market, Europe, Google, Google Inc.'s Android, HTC, HTC Desire Z, Microsoft's Windows, Mobile, Net Profit, Nokia Corp, Operating System, q3, smartphone brand, Taiwan, the HTC Desire HD
By Editor on October 9, 2006 · Leave a Comment
MUMBAI (MarketWatch) — China’s ZTE Corp. (000063.SZ) and the U.S.’s Motorola Inc. (MOT) have been disqualified from bidding for Bharat Sanchar Nigam Ltd.’s (BSNL.YY) INR200 billion tender for procuring and installing a GSM network, the Economic Times reported, quoting a company official.
“We found that there were major technical deviations from the tender specifications in the case of Motorola and ZTE. Therefore, they were eliminated,” said R.L. Dube, planning director at the Indian telecommunications company, according to the report.
The remaining bidders are Nokia Corp. (NOK), Ericsson and Siemens AG (SI), the report added.
Source- http://www.marketwatch.com
