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Tag: microsoft
Microsoft completes acquisition of Nokia phone business
2014-04-25 14:17:00| Telecompaper Headlines
(Telecompaper) Nokia has completed the sale of substantially all of its mobile phones business to Microsoft. The transaction, which also includes an agreement to license patents to Microsoft, was first announced in September 2013. At closing, the price was adjusted somewhat in Nokia's favour and is expected to be slightly higher than the earlier-announced EUR 5.44 billion, Nokia said. The final deal also excludes Nokia's manufacturing facilities in Chennai in India and Masan in Korea. The Indian site remains subject to a tax dispute with the local authorities. Nokia has agreed to continue to provide Microsoft with devices from the site until the dispute is resolved and the assets can be transferred. For the Korean facility, which employs around 200 people, Nokia plans to end the activities. As part of the sale, Nokia executives Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen and Chris Weber will be transferring to Microsoft, as well as another 25,000 Nokia employees. Elop will head the mobile business at Microsoft, along with its Xbox games console and Surface tablet. Nokia said it plans a board meeting next week to consider its future strategy and more details will be discussed at its quarterly report on 20 April.
Tags: business
phone
microsoft
nokia
Microsoft attempts to hide anemic Xbox One sales amid lackluster quarterly earnings
2014-04-25 13:10:25| Extremetech
Microsoft's quarterly results are in. They show a company facing a shifting mix of headwinds and tailwinds -- and anemic Xbox One sales.
Tags: sales
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microsoft
xbox
Microsoft profit drops but devices, consumer products help results
2014-04-25 12:47:05| InfoWorld: Top News
Microsoft's profit dropped and its revenue was almost flat in its third fiscal quarter, during which the company replaced Steve Ballmer with Satya Nadella as CEO. Revenue came in at $20.40 billion, down slightly from $20.49 billion in the same quarter last year. Net income was $5.7 billion, or $0.68 per share, down from $6.1 billion, or $0.72 per share.
Tags: results
products
microsoft
consumer
Nokia exits devices as Microsoft deal closes
2014-04-25 02:00:00| Total Telecom industry news
Final deal price likely to be slightly higher than 5.44 billion; India plant excluded from transaction.
Tags: deal
microsoft
devices
nokia
Microsoft generates solid revenue growth from core products
2014-04-25 02:00:00| Total Telecom industry news
Software giant upbeat on sturdy demand for Windows, Office software, Xbox sales.
Tags: products
growth
microsoft
core
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