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Tough year, new CEO for Nokia-Siemens Networks (from Corporate Dealmaker)

Some joint ventures have a defensive aspect -- for example, when a couple of companies combine subsidiaries to try and stay a step ahead of consolidation in a sector. That was the case in April 2007 when Nokia Oyj (NYSE:NOK) and Siemens AG (NYSE:SI) folded their telecom infrastructure businesses into...

Posted on October 15, 2009 1:44 PM

Nokia Siemens: Well-funded survivor in a tough sector (from Corporate Dealmaker)

People aren't buying cell phones, so Nokia Corp.'s (NYSE:NOK) second-quarter earnings, reported Wednesday, were dismal. Net income dropped to 65.5% from a year earlier to €380 million ($536 million), or €0.10 per share. And while Nokia did beat analysts' expectations of a €361 million profit, Bloomberg says that didn't prevent...

Posted on July 17, 2009 8:35 AM