360° Coverage : Mixed reactions over Nokia-Microsoft deal

11 Updates
Mixed reactions over Nokia-Microsoft deal
Photo Credit: Joe Raedle, Getty Images

Mixed reactions over Nokia-Microsoft deal

Sep 4 2013, 7:48am CDT | by IANS

Helsinki, Sep 4 (IANS) Finland, base and origin of mobile giant Nokia, was shrouded in a mixed atmosphere filled with hope, watch, doubt and despair after news of the company's deal with Microsoft.

Helsinki, Sep 4 — Finland, base and origin of mobile giant Nokia, was shrouded in a mixed atmosphere filled with hope, watch, doubt and despair after news of the company's deal with Microsoft. Early...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Mixed reactions over Nokia-Microsoft deal

Sep 4 2013, 7:48am CDT | by IANS

Helsinki, Sep 4 (IANS) Finland, base and origin of mobile giant Nokia, was shrouded in a mixed atmosphere filled with hope, watch, doubt and despair after news of the company's deal with Microsoft.

Helsinki, Sep 4 — Finland, base and origin of mobile giant Nokia, was shrouded in a mixed atmosphere filled with hope, watch, doubt and despair after news of the company's deal with Microsoft.

Early Tuesday morning, Nokia announced the merger in a press release on its website, and triggered quick follow-up reports from media.

It agreed to sell the devices and services business at a price of 3.79 billion euros, and license its patents for 1.65 billion euros. The company will then focus on infrastructure, mapping and licensing, reports Xinhua.

While some believe the total amount of 5.44 billion euros, or about $7.2 billion, was acceptable considering the shrinkage of Nokia phones' market share, others argued it was a notably low price.

Nearly two years back, Microsoft acquired internet communication company Skype at a higher cost of $8.5 billion.

The stock market reacted positively. Soon after the opening of Helsinki Stock Exchange Tuesday morning, Nokia's share price surged by 47 percent from 2.96 euros to 4.33 euros.

"After a thorough assessment of how to maximize shareholder value ... we believe this transaction is the best path forward for Nokia and its shareholders," said Risto Siilasmaa, who chairs Nokia board of directors and will become interim CEO after the transaction.

"Mobile business remains the only sector suffering losses, and now all the burden is on the part of Microsoft," said a former project manager of Nokia on condition of anonymity.

It seems to be necessary to integrate hardware and software, now that Google and Apple are leading the market by doing so, he added.

According to the press release, Nokia's headquarters will remain in Espoo and all the 4,700 Finnish workers will continue to work here.

None of the Nokia staff member commented on the transaction.

"They are not sure about their own future," said a public servant who gave her name as Anna. "There was a time when many schools and a lot of majors were oriented toward Nokia, and people were educated to work for it," she added, apparently worried about the lack of diversity in the country's ICT industry.

Finnish Prime Minister Jyrki Katainen said the news confirmed the notion that Finland is undergoing a drastic transition period. However, he admitted that "Nokia links to emotion. Every Finn has experienced Nokia".

"End of an era" was the title of a news report by Yle, the Finnish broadcasting company. Recalling Nokia's rocky road of recovery, the article said the transaction marked the culmination of a recovery programme spearheaded by CEO Stephen Elop.

The Canadian and former Microsoft leadership member was recruited by Nokia in 2010 to rescue the company from downfall.

Reports said Elop will return to Microsft after the transaction, to be implemented in first quarter of 2014. He was widely believed to have a great potential to succeed Microsoft's outgoing CEO Steve Ballmer.

Numerous analyses emerged on Tuesday, giving hope of better future for Lumia phones, Windows Phone system, financial status of Nokia and entrepreneurship in Finland.

In this nordic country, where about 2 percent of GDP once came from Nokia, people evidently could not help from being dismayed.

"I have two Nokia phones. I am used to the logic. But what shall I use in the future? A Sumsung? An Apple? I really don't know," Anna murmured.

IANS

Source: IANS

 
Update
11

1 day ago

iPhone 6: an honest review

Oct 1 2014 7:36am CDT | Source: BetaNews

I preordered Apple's new smartphone on September 12, and it wasn't easy. Few months back, I went "Microsoft All-In" for the summer, purchasing the Nokia Lumia Icon on contract from Verizon. So I didn't qualify for the discounted, upgrade price. But when there's a will, there's a way -- and a generous family member helps make something special happen. My iPhone 6 review begins with such disclaimer. Like iPa ...
Source: BetaNews   Full article at: BetaNews
 

 
Update
10

1 week ago

If iPhone 6 or 6 Plus bends, it's YOUR fault

Sep 24 2014 8:03pm CDT | Source: BetaNews

Aluminum is a soft metal. Anyone who has used tinfoil to wrap up food should know this. As such, there are ways you really shouldn't handle a personal device made of the metal. Front or back pocket is a no-no without a case, at least. Better: Not at all -- or use a plastic phone made by Motorola, Nokia, or Samsung. That's my short response to colleague Mihaita Bamburic's analysis: "If your iPhone 6 or 6 Plus bends, it's Apple's fault" He is "inclined ...
Source: BetaNews   Full article at: BetaNews
 

 
Update
9

1 week ago

Five things to love about the iPhone 6 and iPhone 6 Plus

Sep 24 2014 3:42am CDT | Source: BetaNews

First in a series. Now that the initial excitement surrounding the launch of the new iPhones has calmed down, most of us new iPhone owners have had a chance to play around with our new devices a bit. So what’s there to love about the iPhone 6 lineup? What do we hate? In this first article we’ll take a look at the positives. No doubt, ten million phones sold over the weekend indicate that most consider this a significant step forward for the iPhone itself, so I think it’s ...
Source: BetaNews   Full article at: BetaNews
 

 
Update
8

1 week ago

OK. Cats Using Windows Phone. Yes, It's Adorable. (MSFT)

Sep 23 2014 7:38pm CDT | Source: Business Insider

We don't know if this is going to want to make you toss your iPhone or Android device and get a Windows phone, but this cat video from Microsoft Nokia sure is fun to watch. The video was filmed using the phone it advertises, a Lumia 930, known for its high-def camera (20 megapixels!). It was the winning entry to a social media contest that Microsoft announced a while back, the #SMWCreative Contest, done by Mia Mullarkey's in partn ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
7

1 week ago

HTC One (M8) for Windows -- can it outdo the sexiness of Lumia? [Review]

Sep 22 2014 6:46pm CDT | Source: BetaNews

Windows Phone is a very polarizing operating system to say the least. Many consumers refuse to give it a chance, and the ones that do, either hate it or love it. Despite the shortcomings of Microsoft's phone-focused OS, I find it to be a very rewarding experience. Of course, the biggest complaint is a lack of apps, and while there has been much improvement in that area, it is still a valid argument when compared again ...
Source: BetaNews   Full article at: BetaNews
 

 
Update
5

1 week ago

How to edit RAW (DNG) photos on your Windows Phone

Sep 22 2014 5:11am CDT | Source: BetaNews

You should always shoot RAW, if given the option. As opposed to JPG, it's a lossless format. What the sensor sees is exactly what you get in your files. You also get lots more breathing room when editing photos without an apparent drop in quality. Shot in black and white and want to go back to color? No problem, RAW gives you that option. Want to recover shadow details without messing up the look of the image? Agai ...
Source: BetaNews   Full article at: BetaNews
 

 
Update
4

1 week ago

You can buy the past from Apple, or the future from Motorola

Sep 18 2014 7:05pm CDT | Source: BetaNews

Moto X should be one of the most hotly-demanded smartphones on the planet. But Motorola lacks Apple's skill cultivating core groups of bloggers and journalists who swoon ecstatically and influence others to do the same. For example, I thought Stephen Fry's outrageously over-the-top adjective-rich iPhone 6 review was hilarious until reading The Register's parody, which is almost bel ...
Source: BetaNews   Full article at: BetaNews
 

 
Update
3

2 weeks ago

iPhone 6 is exceptional

Sep 17 2014 11:17am CDT | Source: BetaNews

Well, the first iPhone 6 reviews are in, and they are unsurprisingly glowing. Apple's handpicked group of preferred, early reviewers don't disappoint in their enthusiasm. Not that anyone should be surprised by that. But reading them all -- and I did just that last night while waiting at the hospital with my 92 year-old father-in-law -- common observations tell a story about Apple's newest handset. This is one Once Upon a Time that ...
Source: BetaNews   Full article at: BetaNews
 

 
Update
2

2 weeks ago

My problem with iPhone 6 is big

Sep 11 2014 1:10pm CDT | Source: BetaNews

I'm a Mac user again. After two years of using Chromebook as my primary PC and going "Microsoft All-In" for the summer with Nokia Lumia Icon and Surface Pro 3, at the end of August I returned to my first love -- despite my reputation for hating it. I'm not anti-Apple. Fanatics who try to silence me, and other journalists not glowing about the fruit-logo company, just want you to ...
Source: BetaNews   Full article at: BetaNews
 

 
Update
1

3 weeks ago

Motorola is competing with Apple by choosing not to compete with the iPhone

Sep 8 2014 11:14am CDT | Source: Canadian Business Online

(Motorola) Never mind the iPhone 6, there’s a more important phone in town: the Moto G. Announced last week, the newest iteration of Motorola Mobility’s budget device is likely to stir the pot more than whatever Apple is unveiling this week for one big reason: price. The first-generation Moto G, released in several countries last year, sold well for Motorola thanks to its sub-$200 price tag (that’s $200 without a contract). It p ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Thai scientists discover antibody to cure Ebola
Bangkok, Oct 2 (IANS/EFE) Thai scientists Thursday announced the discovery of a new antibody against the Ebola virus and claimed that it is "more effective" than those that now exist.
 
 
Newly discovered deviant ant species!
Washington, Oct 2 (IANS) People often say that what you are looking for is usually right in front of your face. Researchers from the George Washington University in the US faced the same predicament when they discovered an ant species, Cephalotes specularis, hiding in plain sight.
 
 
Specific network exists in brain for using tools
London, Oct 2 (IANS) Scientists in Munich, while examining the parts of the brain that are responsible for planning and executing complex actions, have discovered that there is a specific network for using tools and utensils.
 
 
Short, intense workouts boost memory
Washington, Oct 2 (IANS) An intense workout for as little as 20 minutes can enhance episodic or long term memory about previous events by about 10 percent in healthy young adults, say researchers.
 
 
 

Latest from the Network

George Clooney praises his wedding singer
George Clooney asked an unknown singer to perform at his wedding. The 'Monuments Men' actor and his new wife, human rights barrister, Amal Alamuddin, decided against asking a well known pop star to sing at their...
Read more on Celebrity Balla
 
Jennifer Love Hewitt's daughter does Zumba
Jennifer Love Hewitt's 10-month-old daughter goes to Zumba classes. The 35-year-old actress takes her baby girl Autumn most places with her and the tot joins in when she participates in the dance-based exercise. Autumn...
Read more on Celebrity Balla
 
Iran suspends sentences for participants in 'Happy' video
Tehran, Oct 2 (IANS/EFE) Iranian authorities have suspended for three years the tough sentences handed to seven Iranian youths who filmed a video dancing to Pharrell Williams' "Happy". The sentence, which included...
Read more on Politics Balla
 
Inderjeet wins men's shot put bronze at Asiad
Incheon, Oct 2 (IANS) India's Inderjeet Singh took home the bronze medal from the men's shot put final at the Asian Games here Thursday. The Indian's best throw of 19.63 metres came on his fifth attempt, out of six,...
Read more on Sport Balla
 
Stefan Lofven voted new Swedish prime minister
Stockholm, Oct 2 (IANS) Stefan Lofven, head of the Social Democratic Party, was Thursday voted by parliament to be the new Swedish prime minister. Lofven got 132 "yes" votes in the 349-seat Parliament, with 49 "no"...
Read more on Politics Balla
 
Indians finish 4th, 5th in men's 10 km final
Incheon, Oct 2 (IANS) Indian runners Rahul Kumar Pal and Suresh Kumar set their personal best times to finish a creditable fourth and fifth in the men's 10,000 metres final at the Asian Games here Thursday. Bahrain's...
Read more on Sport Balla
 
Surfer loses arm, other hand in shark attack
Sydney Oct 2 (IANS/EFE) A 23-year-old surfer lost one of his arms and his other hand in a shark attack Thursday at a beach near Esperance in Western Australia, official sources reported. The youth was attacked in the...
Read more on Politics Balla
 
Indian boxers Vikas, Satish settle for bronze medals (Third Lead)
Incheon, Oct 2 (IANS) India's campaign in Asian Games boxing ended Thursday with Vikas Krishan and Satish Kumar settling for the bronze medals after losing their respective semi-final bouts to Kazakhstan pugilists at...
Read more on Sport Balla
 
Arpinder, Renjith finish 5th, 9th in triple jump
Incheon, Oct 2 (IANS) Indian athletes Arpinder Singh and Renjith Maheshwary failed to secure any medal from the men's triple jump final, finishing fifth and ninth respectively, at the 17th Asian Games here Thursday....
Read more on Sport Balla
 
India's Inderjeet wins men's shot put bronze
Incheon, Oct 2 (IANS) India's Inderjeet Singh clinched the bronze in the men's shot put final at the Asian Games here Thursday. Saudi Arabia's Sultan Abdulmajeed Alhebshi won the gold with a best throw of 19.99 metres...
Read more on Sport Balla