Ingrid Lunden
Sep 29, 2011 6:27 AM
No one ever said turnarounds were easy, and Nokia (NYSE: NOK)—currently the world’s largest handset maker—is one big ship. Today the company announced that it would be downsizing its manufacturing, as well as its mapping and commerce divisions, which will result in job losses totalling 3,500.
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Jobs & Layoffs, Marketing, Mobile, Social Media, Technologies / Formats, Companies, HTC, Microsoft, Windows Phone, Nokia, Samsung, Countries, Europe, Germany, Finland, Asia, location, maps, mobile payments, navteq, nfc
Ingrid Lunden
May 26, 2011 7:05 AM
Nokia (NYSE: NOK) is paring down its operations big-time in the lead-up to using Microsoft’s Windows Phone OS for its new portfolio of smartphones. One thing that is staying behind, though, is the company’s mapping division, which is actually getting more work, as it becomes the default mapping and navigation…
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Apps, Mobile, Social Media, Video, Companies, Microsoft, Windows Phone, Nokia, Twitter, cnn, maps, navteq
Ingrid Lunden
Jan 27, 2011 6:24 AM
Nokia’s Q4 and full-year earnings report is coming in just now, and it spells out in numbers some of the issues facing the world’s biggest handset maker today.
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Mobile, Money, Earnings, Companies, Nokia, navteq, nokia siemens networks
Ingrid Lunden
Dec 13, 2010 6:12 AM
Update: A spokesperson for Navteq has confirmed that the digital mapping division of Nokia (NYSE: NOK) has bought Reach Unlimited Corporation, owner of the crowdsourced traffic data app Trapster, for an undisclosed amount. This means that Navteq has also acquired the other two less well-known location-aware apps detailed in the…
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Apps, Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, GPS Navigation & Maps, Companies, Nokia, maps, navteq, reach unlimited, trapster, trapster.com, waze
Tameka Kee
Sep 14, 2009 1:56 PM
After taking a stake in location-based mobile ad firm Acuity Mobile last year, Nokia’s own mobile mapping and ad unit NAVTEQ, has followed up with an outright acquisition. Financial terms were not disclosed, but an SEC filing reveals that NAVTEQ’s initial stake was worth at least $2.8 million. Acuity had…
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Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Nokia, acuity mobile, navteq
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