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• Nokia sucks more air out of handsets

  Posted Jul 17 2008, 05:52 AM by Douglas McIntyre
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  Filed under: Apple, Nokia, Research in Motion, Motorola
  Money Blog: Top Stocks Blog - MSN Money

  Nokia had a stronger second quarter than most people expected. According to The Wall Street Journal, "Nokia said sales rose to €13.15 billion from €12.59 billion. Analysts expected sales of €12.86 billion."

  Just as important, Nokia's global market share rose to 40% from 39% last year and the company shipped 122 million handsets. A great deal of the improvement came due to sales of units in India and China.

  This is not exactly good news for companies like Motorola, RIM, and Apple. The US and EU are becoming modest to zero growth markets for handsets. Improving prospects in the areas where they market most of their products won't be of any help this year.   Read More...

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• Nokia takes on Google with Symbian buy

  Posted Jun 24 2008, 06:41 AM by Kim Peterson
  Rating:
  Filed under: Google, Apple, Nokia, Research in Motion, wireless
  Money Blog: Top Stocks Blog - MSN Money

  

  Nokia is buying Symbian, a company that makes operating systems for mobile phones. Nokia already uses Symbian software in its smartphones, so the move isn't a huge surprise. But in an unexpected twist, Nokia is going to make Symbian open and royalty-free for software developers. In doing so the company is clearly going after Google for the future of mobile phone systems.

  Nokia was already paying Symbian some $250 million a year to use Symbian's software in phones, analysts say. So buying Symbian outright for $410 million is smart business. Nokia shares were up slightly in morning trading to $24.48, and Google shares are down just slightly to $543.36.   Read More...

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