17 result(s) displayed (1 - 17 of 17):
Thursday we took a closer look at the struggles of Nokia Siemens Networks and its contribution to a quarterly loss posted by parent Nokia Oyj (NYSE:NOK). The $1.35 billion goodwill-impairment charge at NSN was the main culprit in Nokia's $832 million loss, its first in a decade. But not the...
Posted on October 16, 2009 1:25 PM
Continuing a trend of downsizing while growing, diversified manufacturer Danaher Corp. (NYSE:DHR) spent $1.1 billion on two related acquisitions as it cuts 3,300 jobs along with 30 facilities. Danaher will acquire the analytical technologies division of MDS Inc. (NYSE:MDZ), which includes 50% of an Applied Biosystems-MDS Sciex joint venture, a...
Posted on September 2, 2009 8:55 AM
There are 4 billion mobile phones, but only 1.6 billion bank accounts, according to Nokia Corp. (NYSE:NOK). The world's largest cell-phone maker plans to capitalize on those numbers and a $70 million investment it made in Obopay Inc., a mobile service provider that makes sending and receiving money similar to...
Posted on August 27, 2009 10:10 AM
Intel Corp. (NASDAQ:INTC) and Nokia Corp. (NYSE:NOK), which have worked together on research projects, will now turn to the task of manufacturing, collaborating on smartphones and perhaps a new class of wireless device. Intel, the world's largest computer chipmaker, will sell chips to Nokia, while licensing some of Nokia's modem...
Posted on June 24, 2009 1:19 PM
Recently, Medtronic Inc. (NYSE:MDT) beefed up with strategic acquisitions totaling more than $1 billion. Now it's cutting about 1,500 to 1,800 jobs by the end of June as profits dip. The medical device giant, like others, is navigating the economic gloom by boosting its strong points and cutting elsewhere. Earlier...
Posted on May 19, 2009 3:12 PM
It's payday for Obopay Inc. The world's largest cell-phone maker, Nokia Corp. (NYSE:NOK), is making a significant investment in Obopay, a mobile service provider that basically turns a cell phone into an interactive banking card. The Nokia investment is reportedly around $70 million.One report noted Obopay had previously raised $69...
Posted on March 25, 2009 10:15 AM
Sony Ericsson Mobile Communications Ltd. recently reported a net loss of €187 million ($235 million) for the fourth quarter. And its president, Hideki Komiyama, thinks the recession could last a few more years. To right itself, the mobile-phone joint venture between Japan's Sony Corp. and Stockholm-based Ericsson AB, announced...
Posted on February 17, 2009 1:10 PM
Trying to stave off bankruptcy last fall, Nortel Networks Corp. put its attractive Metro Ethernet unit on the block. According to press reports, possible bidders included Cisco Systems, Nokia Siemens, Ericsson and China's Huawei.But apparently bidders held back. (According to an article in Forbes, Huawei was tripped up by national...
Posted on February 4, 2009 5:50 PM
M&A may have slowed, but deals are getting done. Corporate Dealmaker's Suzanne Stevens caught up with Bruce Bowden, global head of M&A for Nokia Oyj, at the CD Forum conference in New York to discuss selling big deals to nervous executives and boards. When buying your way into a...
Posted on October 15, 2008 1:11 PM
Some of the most challenging deals are the ones done to move an acquirer into an entirely new business. Corporate Dealmaker Forum panelists Bruce Bowden, VP and global head of M&A at Nokia Oyj; Antonio Del Pino, a partner with Latham & Watkins LLP; and Gary Julien, Kanders &...
Posted on October 2, 2008 4:42 PM
With Corporate Dealmaker Forum just around the corner (the meeting is in New York on Oct. 2-3), it's nice to see our panel discussions looking like they're on the news.Reuters reports that Nokia Oyj is looking for more acquisitions in Internet services. Makes sense. Nokia bought digital mapper Navteq Corp....
Posted on September 9, 2008 1:37 PM
Finding your way in a fast-changing technology sector with different players jumping in and out is hard enough. It's even worse when the economy turns against you. Just ask GPS-maker Garmin Ltd., which has seen demand for its portable navigation devices tank. The company on Thursday saw its stock plummet...
Posted on July 31, 2008 4:01 PM
Siemens AG has finally found a home for its telecommunications unit. The German-based electronics and electrical engineering company is planning to spin off its SEN unit into a joint venture with U.S. financial investor the Gores Group. Gores and Siemens plan to invest approximately €350 million ($545 million) in the...
Posted on July 29, 2008 5:15 PM
Last week CD reported that Nokia Corp. was paying $412 million to buy the open-source mobile platform Symbian Ltd., with plans to make the target's software available for free to spur new technology development. While it would seem that Nokia was taking aim at Google Inc., which has its...
Posted on July 1, 2008 4:54 PM
Nokia Corp. is buying open-source mobile platform Symbian Ltd. for $412 million and making its technology available to manufacturers through what it calls the "Symbian Foundation." Companies will pay $1,500 to join the foundation, whose members will work to build a leading open-source mobile platform. Nokia's foundation partners are AT&T...
Posted on June 24, 2008 4:09 PM
Finland's Nokia Corp. certainly has the cash (with net sales of 51.1 billion euros ($74 billion) in 2007) to put up a monstrous bid to challenge Microsoft Corp.'s $44.6 billion bid for Yahoo! Inc. But would it make sense? Stephen Wellman of Information Week has come up with five reasons...
Posted on February 7, 2008 4:38 PM
Masco taps Sznewajs For a few months there, it looked like Masco Corp. might be satisfied with all the aisle space it had claimed at your local Home Depot. From 1998 through 2002, the $9.42 billion company - maker of Delta faucets and Merillat cabinets, among other top-selling home...
Posted on December 15, 2003 2:34 PM
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Juergen Lasowski
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