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Tag: jolla
Fresh funds bring Jolla back from the brink
2015-12-18 01:00:00| Total Telecom industry news
Smartphone OS maker closes new investment round; says several Sailfish licensing deals are in the pipeline.
Jolla files for debt restructuring
2015-11-24 09:00:00| Telecompaper Headlines
(Telecompaper) Mobile developer Jolla has filed for a debt restructuring programme, after it failed to raise more funding for its Sailfish OS. Jolla said its latest financing round, which aimed to end in November, was postponed and the company filed for the debt restructuring n Helsinki in order to ensure the continuity of its business. In an effort to reduce its costs, the company said it will temporarily lay off a big part of its personnel. Started four years ago by former Nokia employees, Jolla has raised USD 50 million to date to develop its Sailfish mobile operating system based on the MeeGo software first started by Nokia and Intel. Jolla has released two smartphones and a tablet based on Sailfish. After much time developing, the company started looking in the past year for commercial partners, which have ranged from local operators in Finland to potentially the Russian government or South African investors. Jolla said it needs more time to move from "a development phase to a growth phase" and will work on tailoring the operating system to fit the needs of different clients. The company said it has "several major and smaller potential clients who are interested in using Sailfish OS in their projects". Chairman and co-founder Antti Saarnio said the debt restructuring should lay the groundwork for turning the company profitable, adding "Sailfish OS is a very valuable asset and worth fighting for".
Tags: files
debt
restructuring
jolla
Jolla in 'death valley', files for debt restructuring
2015-11-23 01:00:00| Total Telecom industry news
Finnish smartphone OS maker to temporarily suspend a 'big part' of its employee base.
Republican Ben Carson in La Jolla Tuesday
2015-11-18 05:57:54| Biotech - Topix.net
Presidential candidate Ben Carson is scheduled to hold a fundraiser in San Diego Tuesday afternoon, one day after joining a chorus of mostly Republican voices in criticizing the Obama administration's plan to accept 10,000 Syrian refugees into the United States. Carson, a retired pediatric neurosurgeon, turned to Facebook to announce he would ask Congress to stop the plan.
Tags: tuesday
ben
republican
carson
Lovely La Jolla the perfect winter escape
2015-09-30 03:50:52| Biotech - Topix.net
La Jolla Cove in southern California is great for swimming, snorkelling and watching the seals. Michael McCarthy/For the Province There is no such thing as perfection when it comes to holiday destinations; but the picture-perfect village of La Jolla by the Sea on the southern California coast north of San Diego comes as close to achieving that ideal as possible.
Tags: perfect
winter
escape
lovely
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