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Nokia Siemens-Nortel deal a boost for Dallas (from Corporate Dealmaker)

Nokia Corp. (NYSE:NOK) is based in Finland, Siemens AG (NYSE:SI) is German, and Nortel Networks Corp. is in Canada, but a possible deal tying these three companies together has a strong presence in Dallas. Joint venture Nokia Siemens Networks BV, which has had a weak U.S. presence in comparison...

Posted on July 20, 2009 3:05 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