Nokia To Restructure In 2008
Jun 20, 2007, 11:27 AM by (staff)
In a move Nokia hopes will help to streamline managing the company and bring new products to market quicker, it is reorganizing its internal structure. There will be two major divisions, Devices & Services, and Nokia Siemens Networks. Each will report financial results separately. The Devices & Services division will be composed of three subgroups: Devices, Services and Software, and Markets. Each will be headed by existing Nokia executives. Nokia's CEO, Olli-Pekka Kallasvuo, and other board members' roles will be unchanged. The reorganization will take effect beginning in January 2008.
Microsoft Makes Branding Change Official
Microsoft today indicated its branding transition from Nokia Lumia to Microsoft Lumia is progressing as planned. Microsoft has slowly been rebranding apps, services, and web sites from Nokia to Microsoft.
Nokia and Samsung Settle Patent Licensing Deal
Nokia today said it has reached an agreement with Samsung over the licensing of its wireless patents. The companies have been disputing the value of Nokia's patents since Nokia sold its handset division to Microsoft.
Nokia to Acquire Withings for Health and Fitness Push
Nokia today said it plans to acquire Withings for about $192 million in cash. Nokia hopes the acquisition will help it make a stronger push into the markets for wearables and the internet of things.
Nokia's HERE Maps Quick to Draw Suitors
Four companies have expressed interest in acquiring Nokia's HERE Maps business, reports Reuters. A coalition of German auto makers, Audi, BMW, and Daimler, are weighing a joint bid, as are Facebook, Uber, and U.S.
I've read several things about Nokia trying to get a bigger foothold in the U.S. market. Maybe this is an effort to that end?
I don't know that they have to re-org to do that. All they have to do to d...