In a move to further cut costs, Nokia says it will lay off up to 450 workers worldwide and streamline operations.
Shares of Nokia spiked almost 12 percent in early morning trading on better-than-expected device shipments.
Nokia, is expected to report its worst quarterly result in many years on Thursday.
Nokia will cut 1,700 jobs globally as the company continues to face slumping demand for its products.
Nokia says it has addressed the initial problems with the Nokia 5800 XpressMusic device for the North American market
Nokia’s U.S. sale of the touchscreen 5800 XpressMusic device for North America was short-lived
Nokia says its 5800 XpressMusic device is now available in the United States.
Companies in the news: Nokia, Ericsson, Alcatel-Lucent, Nokia Siemens Networks, Alaska Airlines, Storyz, Motorola, iSkoot, Twitter, Bridgewater Systems, Iridium Satellite.
Nokia said today it will seek up to 1,000 voluntary resignations to further reduce costs amid the global economic downturn.
Companies in the News: T-Mobile USA, Verizon Wireless, iGo, Nokia.
Nokia said it has signed up for a $630 million loan from the European Investment Bank to help finance research and development projects.
Companies in the News: Motorola, MobiTC, Airwide Solutions, Direct2Mobile, Mojiva, Maximizer, Research In Motion.
Sun Microsystems this week announced the availability of the JavaFX Mobile platform
Nuance Communications, a provider of speech solutions, announced the availability of Nuance Voice Control (NVC) 2.0.
The LiMo Foundation today announced commitments from six major operator members to specify and deliver handsets using LiMo Platform implementations in 2009.
The OSC approved an agreement with RIM that requires top executives to pay millions as part of a stock-option backdating settlement.
Companies in the News: Research in Motion, Ovum, Nokia, Connectivity Wireless Solutions.
Nokia said its profit for the fourth quarter of 2008 fell to $746.7 million, a huge drop from $2.7 billion in the third quarter.
Industry speculation is swirling about why Nokia discontinued the WiMAX version of its N810 Internet Tablet.
LAS VEGAS—Nokia has enjoyed a market-leading run on the world stage, but North America has not been its strong suit.
The economy isn’t going to destroy the mobile music industry just yet.
Nokia announced a variety of new cell phones this week, timed for the Consumer Electronics Show.
An easy-to-do SMS attack against numerous versions of Nokia’s S60 operating system is starting to make the rounds on YouTube.
Mobile user interface specialist UIQ declared bankruptcy, according to wire service report this week.