Symbian Partners Prevent Nokia Majority
Jul 7, 2004, 10:10 AM by (staff)
Symbian today announced a new agreement regarding the ownership and governance of the company. The deal puts Nokia's stake at 47.9 percent. In February, Nokia announced the purchase of Psion's shares, which would have upped Nokia's stake to 63.3 percent. To prevent Nokia from gaining majority ownership, Sony Ericsson, Panasonic and Siemens have agreed to invest a total of $172.5 million to increase their respective shares. Sony Ericsson made the largest new investment - $104.9 million - to increase its share from 1.5% to 13.1%. All four companies produce smartphones based on Symbian's software.
Nokia Pins Smartphone Comeback on HMD Global
Nokia today said it plans to return to the smartphone business during the first half of 2017 through its partnership with HMD Global. HMD Global recently completed a series of transactions between HMD, FIH Mobile Limited, and Microsoft that will allow it to make phones bearing the Nokia brand.
Nokia-Branded Phones to Make a Comeback
Nokia and Microsoft today put in motion a series of deals that will eventually lead to Nokia-branded handsets returning to the market. Microsoft has agreed to sell its feature phone business to FIH Mobile Limited, a subsidiary of Foxconn, for about $350 million.
Nokia Confirms Talks to Acquire Alcatel-Lucent
Nokia and Alcatel-Lucent today said they are in advanced talks concerning a merger or acquisition between the two. Such a deal would would produce a massive competitor to Sweden's Ericsson and China's Huawei in the telecommunications market.
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.
Audi, BMW, Daimler to Buy Nokia's HERE Maps
A consortium of three German automotive makers has agreed to purchase HERE Maps from Nokia for about $2.71 billion, according to the Wall Street Journal. Sources familiar with Nokia's plans say Audi, BMW, and Daimler (Mercedes) have fielded a winning bid for the mapping division, which Nokia put up for sale earlier this year.
I think watchers of this industry are erroneously calling the handset OS a fight between Microsoft and symbian. I think the real fight is going to be between palm, symbian, and linux. No one trusts or wants MS in this industry and I can't see HP, eMachines or Dell doing much for handsets.
Regardless of this outcome, symbian still has some issues like software support and the fact that many stock holders are pretty cool to it.