The good news: The new Nokia Siemens Networks is intent on creating a "winning company" despite difficult market conditions. But 9,000 workers have to go. In a carefully worded press release, Nokia Siemens referred back to a statement made a year ago when the...
Although Alcatel-Lucent warned of lower revenues and an operating loss for the first quarter, it appears that investors had expected worse as the company's stock rose more than 5 percent on its announcement to $13.22 per share. The firm blamed much of its first-quarter...
The new joint venture known as Nokia Siemens Networks officially began operations April 1, but it didn't want to fool anyone: growth in the networks sector will be "very slight" this year, the company said.The new company announced it will begin life as a...
The new joint venture known as Nokia Siemens Networks officially began operations yesterday, April 1, but it didn't want to fool anyone: growth in the networks sector will be "very slight" this year, the company said.The new company announced it will begin life as...
Of all the industries that the soon-to-be-merged Nokia Siemens Networks will play in, the most important are radio access; services core and applications, which includes IMS; and transport and broadband access. Just which is of primary importance depends on which of the company's customers...
The infrastructure market will see another combined entity step onto the playing field April 1, the date Nokia Siemens Networks announced it will formally begin operations. Nokia Siemens Networks gets started just four months after the combination of Alcatel SA and Lucent Technologies Inc....
BenQ Mobile, the Munich, Germany-based company formed by BenQ Corp. of Taiwan when it scored Siemens AG's handset business in 2005, has no buyers and its assets will be liquidated, according to media reports. Martin Prager, an insolvency administrator in charge of the matter,...
German chip maker Infineon Technologies AG crowed yesterday that it will supply Nokia Corp. with baseband and RF chips for the handset vendor's entry-level phones in GSM markets.Details of the deal were not disclosed, so the relative impact of the move to Texas Instruments...
Nokia Corp. and Siemens AG announced they are moving forward on their network equipment joint venture after an investigation into financial irregularities at Siemens' telecom unit delayed the closing of the deal.The companies will start sharing the proposed product portfolio plan for Nokia Siemens...
Editor's Note: Welcome our Monday feature, Analyst Angle. We've collected a group of the industry's leading analysts to give their outlook on the hot topics in the wireless industry. In the coming weeks look for columns from Strategy Analytics' Chris Ambrosio, Ovum's Roger Entner...
Nokia Corp. and Siemens AG said their network equipment joint venture will be delayed due to an ongoing investigation into irregularities at Siemens' telecom unit involved in the JV. The companies also said the deal will be subject to "the results and consequences" of...
AMSTERDAM, The Netherlands-Nokia Corp. slightly lowered its financial expectations for the coming years, news that caused investors to pause, but the company also unveiled four new slim, mid- and low-tier devices Nokia hopes will boost its worldwide market share. "To enjoy the full benefits...
ESPOO, Finland-The European Commission gave its blessing to the proposed merger of Nokia Corp.'s Networks Business Group and the carrier-related operations of Siemens AG.The Commission had been assessing whether the merged entity, to be called Nokia Siemens Networks, would restrict competition within relevant mobile...
MUNICH, Germany—Siemens AG recorded increasing overall sales and income, and scored improvements in its wireless infrastructure business. "We achieved a great deal in an eventful year, particularly in shaping Siemens for profitable growth," said Siemens chief Klaus Kleinfeld. "We executed a major part of...
MUNICH, Germany—The insolvency of BenQ-Siemens’ German handset business has begun to reverberate throughout the industry, as German chip-maker Infineon Technologies—Europe’s second-largest chip maker—announced it will take a charge of about $101 million against earnings for 2006 due to the firm’s problems. BenQ’s business accounted...
It may have been a blip on the radar screen of the global handset industry, but the screams were heard around the world. When BenQ Corp. announced recently that it would no longer inject money into its BenQ-Siemens handset business, headquartered in Munich, Germany—a...
LOS ANGELES--The M2M module market is growing as enterprises grasp the technology's promise of efficiency in gathering data from many points and wirelessly transmitting it to a single cellular connection for those who need it. Applications range from fleet management to telematics, from home...
HELSINKI, Finland—Nokia Corp. and Siemens AG announced the business unit and regional leadership team for their planned Nokia Siemens Networks with the expectation that the proposed merger will be approved and begin operations by Jan. 1, 2007. "We are making excellent progress in planning...
The infrastructure industry's merger of the season looks to be a done deal, as Lucent Technologies Inc. and Alcatel Inc. announced that their shareholders approved Alcatel's $10.7 billion proposal to acquire Lucent in the midst of fierce global competition for wireless infrastructure market share....
MURRAY HILL, N.J.—The infrastructure industry’s merger of the season looks to be a done deal, as Lucent Technologies Inc. and Alcatel Inc. announced that their shareholders approved Alcatel’s $10.7 billion proposal to acquire Lucent in the midst of fierce global competition for wireless infrastructure...
HELSINKI, Finland—Nokia Corp. and Siemens AG announced the business unit and regional leadership team for their planned Nokia Siemens Networks with the expectation that the proposed merger will be approved and begin operations by Jan. 1, 2007. "We are making excellent progress in planning...
MUNICH, Germany-Siemens AG reported third-quarter net profits of $1.01 billion, more than double the $$495.5 million it posted for the same period last year. Revenues for the quarter rose to $27 billion from last year's $23.6 billion."It was a particularly successful quarter in terms...
MUNICH-Siemens AG said it struck a turnkey deal with Hutchison 3G Austria GmbH worth "an amount in the multi-digit millions" to plan, set up and supply the carrier's W-CDMA network buildout. In addition, Siemens will partially operate the network, providing monitoring and maintenance services...
MUNICH, Germany—Siemens AG reported third-quarter net profits of $1.01 billion, more than double the $$495.5 million it posted for the same period last year. Revenues for the quarter rose to $27 billion from last year’s 23.6 billion. "It was a particularly successful quarter in...
