LOS ANGELES (AP) — Microsoft Corp. reported revenue and earnings for its fiscal second quarter that topped Wall Street expectations, as the company sold 3.9 million Xbox One consoles to retailers and doubled revenue from its line of Surface tablets from a quarter earlier.
In the final quarter before Microsoft is due to take ownership of its device business, Nokia saw the unit’s sales drop 29 percent annually while profits continued to sink into the red. Microsoft is buying Nokia’s handset business for approximately $7.4 billion. The transaction is expected to close near the end of the first quarter.
The news, first reported by Bloomber, comes after speculation that Microsoft had its eye on Ford Motor Company's top executive, Alan Mulally. Mulally has since panned those rumors, eventually removing himself from consideration. Vestberg is an Ericsson veteran who originally served as CFO for the company before accepting the role of CEO in 2010.
Nokia today said that the head of its Nokia Solutions and Networks (NSN) business will step down immediately following Micrsoft's acquistion of the company's devices and services divisions. Jesper Ovesen, currently executive chairman of NSN, will leave upon the closing of the Microsoft transaction, which is expected to take place during the first quarter of 2014.
REDMOND, Wash. (AP) — Microsoft expects to finish its search for CEO Steve Ballmer's replacement by early next year. Board director John Thompson, who heads the company's executive search committee, said so in a blog post Tuesday. Ballmer said in August he would retire within 12 months.
In this five part video series, Wireless Week editors Andrew Berg and Ben Munson will count down the top headlines of 2013. Be sure to catch each installment, as we make our way through all the biggest news events from the past year! In case you missed them, check out the previous installments.
WASHINGTON (AP) — Members of Congress want the Obama administration to demand that U.S. allies back away from proposed restrictions on international data transmissions, saying those actions could hurt U.S. companies. Some nations are seeking to tighten the flow of data after reports this fall of the National Security Agency conducting massive information-gathering efforts abroad.
NEW YORK (AP) — So you're ready to buy a new smartphone for your loved one. Which do you choose? Before you do anything, you have to decide whether to buy the phone outright or go the traditional route of buying a carrier-subsidized one with a two-year service contract.
LONDON (AP) — Eight major technology companies have joined forces to call for tighter controls on government surveillance, issuing an open letter Monday to President Barack Obama arguing for reforms in the way the U.S. snoops on people.
In this five part video series, Wireless Week editors Andrew Berg and Ben Munson will count down the top headlines of 2013. Be sure to catch each installment, as we make our way through all the biggest news events from the past year!
The Department of Justice has granted its blessing to Microsoft’s acquisition of Nokia. A Federal Trade Commission filing released today confirmed the DOJ’s approval of Microsoft’s proposed $7.2 billion bid to buy Nokia’s devices and services division as well license Nokia’s patents.
Apple has acquired 3D sensor company PrimeSense. An Apple representative confirmed the deal to AllThingsD. The report values the deal at around $360 million. Apple stayed mum on its plans for PrimeSense, a company it had reportedly been in talks to buy since July.
Nokia says its headquarters near the Finnish capital will be taken over by Microsoft on completion of the sale of its cellphone and services division to the U.S. software company, expected in early 2014. The majority of the 1,900 workers, in the devices and services, unit will remain in the building in Espoo as employees of Microsoft Corp.
Nokia shareholders have given the OK to sell the company’s mobile phone business and license its patents to Microsoft. The Financial Times said an overwhelming 99.7 percent of Nokia investors were in favor of the $7.2 billion deal. In September, Nokia shares soared on news of Microsoft’s proposed deal.
Reuters reports that Rockstar, the group that in 2011 successfully bid $4.5 billion in a bankruptcy auction for Nortel’s patents, has filed suit for patent infringement against Samsung, Google, HTC, Huawei and four other companies. Rockstar is co-owned by Apple, Microsoft, BlackBerry, Sony and Ericsson.
Nokia sold 8.8 million Lumia devices during its fiscal third quarter, breaking by 19 percent the record of 7.4 million set in the previous quarter. The Finnish phone gave a lot of the credit for the boost in sales to the low-cost Lumia 520.
Whether or not you like Microsoft's updated Surface tablets will depend on your needs. On one hand, the tablets can be great for working on the go, especially if you spring for a $130 keyboard cover. On the flip side, the new versions still lack the elegance...
Microsoft is updating its Windows software for cellphones to accommodate larger devices and make it easier for motorists to reduce distractions while driving. It's the third update to Windows Phone 8 software since the system's release a year ago.
Back when Microsoft was the biggest name in technology, CEO Bill Gates leveled an attack on the auto industry: If carmakers were as innovative as computer companies, he said, a car would cost just $27. That was 16 years ago. Today, PC sales are falling as consumers show a preference for mobile devices...
New numbers from Kantar found Microsoft’s mobile operating system gaining a lot of traction in Great Britain, Germany and France. As of August, Windows Phone controlled 12 percent of the UK market, nearly three times the 4.5 percent it held a year ago. Similarly big annual gains for Windows Phone came in France, up to 10.8 percent from 5.6, and Germany, up to 8.8 percent from 3.8.
Delta Air Lines plans to buy 11,000 Microsoft Surface 2 tablets for its pilots to replace the heavy bundles of books and maps they haul around now. Other airlines, including American and United, have been buying Apple's iPad for that purpose.
Is Microsoft's Surface a tablet or a laptop? I'm not quite sure, but it is a lot easier to type on than an iPad. The software company unveiled updates to its Surface tablet computers Monday at an event in New York, where I had a short amount of time to try them out.
NEW YORK (AP) — Microsoft Corp. is expected to announce new Surface tablet computers, including a version with a smaller screen to compete with Google's Nexus 7 and Apple's iPad Mini. The company has an announcement event scheduled in New York on Monday.
HELSINKI (AP) — Nokia Corp. says it will pay outgoing CEO Stephen Elop a compensation package of some $25 million (19 million euros) when he leaves the company to move over to Microsoft. In proxy statements to shareholders published Thursday, the Finnish company says the amount includes Elop's base salary and equity awards of about 14.6 million euros.
Microsoft may be in enough of fix that it needs a so-called "turnaround expert" to succeed outgoing CEO Steve Ballmer. According to a Reuters report, at least three of Microsoft's top 20 investors are pushing to hire a CEO that can help the company move forward as a devices and services company.