ESPOO, Finland, July 24, 2014 (GLOBE NEWSWIRE) -- Nokia today announced the appointment of Ramzi Haidamus, a technology-licensing expert with proven business leadership skills and a strong innovation background, as President of Nokia's technologies business and member of the Group Leadership team, with effect from September 3, 2014.
A trained engineer, Haidamus has spent most of his career with Dolby Laboratories, which he helped to grow from a USD 72 million private business into a nearly USD 1 billion thriving public company. During his 17 years with Dolby, he held a variety of roles, most recently with chief operating officer-level responsibility. He has led innovation efforts, including those related to Dolby's technological roadmaps and standards development for DVD and BluRay. He has experience in nurturing new technologies in an incubator-like environment and in growing new businesses, including as President of Via Licensing Corporation, a Dolby subsidiary.
"Ramzi has the perfect blend of technology savvy, business leadership and innovation experience to head our cutting-edge technologies business," said Rajeev Suri, President and Chief Executive Officer of Nokia. "With Ramzi at the head of the world-class Nokia Technologies team and our continuing investment in advanced research and development, we are well-positioned to drive the innovation and licensing business needed to move us closer to our goal of technology leadership in a world where everyone and everything is connected."
"I am honored to take on this exciting role at Nokia," said Haidamus, incoming President of Nokia Technologies. "I relish the opportunity to head Nokia's ground-breaking technologies business with its track record of innovation and team of hundreds of world-class scientists and engineers. These experts have driven more than half of Nokia's recent patent filings and are leaders in fields that are essential for enabling the connected world."
Born in Lebanon, Haidamus moved at the age of 17 to the US, where he completed his Bachelor's and Master's degrees in electrical engineering at the University of the Pacific.
Henry Tirri, who has served as acting head of Nokia Technologies business since its formation on May 1, 2014, will continue in this role until Haidamus joins on September 3, 2014. From that date, Tirri will step down from the Group Leadership Team and will become an advisor to Suri on technology issues.
"We are grateful to Henry for all his work for Nokia over the years and for his willingness to lead the Nokia Technologies team during an important time of change and transition," said Suri. "Henry has graciously agreed to support Ramzi as he transitions into the company. Henry has unique insights into the world of technology, and I am pleased that we will continue to benefit from his expertise throughout this year and possibly beyond."
over 1B Euros a year in free cash flow...and that's even before the IP deals with Samsung/apple next year...what will they do with all that cash?
Published on: 24th Jul 2014
Spain's Telefonica has awarded a network upgrade contract to Nokia Networks as a key supplier for radio access equipment and professional services in Andalusia, Galicia, Castilla Leon and Levante over a period of three years.
Nokia Networks will upgrade Telefónica's mobile network and implement 4G using its Single RAN Advanced solution. The company will also deliver its Multicontroller Platform for the 3G Radio Network Controller (RNC) to further increase efficiency and resilience. Telefónica's networks will be monitored, managed and optimized by Nokia's NetAct management system.
As part of the agreement, Nokia Networks will also provide Customer Experience Management, including its Serve atOnce Traffica real-time monitoring platform, Serve atOnce Intelligence (SAI) reporting solution and Customer Care Automation solution.
Support services comprise network implementation, planning and optimization as well as a full set of care services to secure a high quality, high availability network.
about same shares outstanding...the NSN operating margin % kinda surprised me tbh, it was supposed to drop, instead it went higher to 11%, that's what double triple Ericson's ??
huh yeah...not really...didn't dorian posted some false information re the Zachs report yesterday? Isnt that illegal and fraudulent market manipulation? why isn't illegal operators like him reported to SEC and facing jail time?
ALU going bankrupt or hadn't you heard? It's a jobs program for the French unions, and there aint nothing nobody can do to change that part of it.
I'm still considering my options, like you I will be moving all my accounts and family assets out of Scottrade after being with them for 15-20 years....as soon as feasible. I will tell you this, I wont drop this until Scottrade makes good on my losses.
They have a fiduciary duty to their clients. If they have failed that duty then THEY are the ones that owe us the 15% their negligence has caused. If this is true, I will be filing complaints with SEC/FINRA and seeking damages thru arbitration. If anyone will be seeking redress on this issue, let me know.
Did they tell you how much they are withholding? Been with them for almost 15 years, but I'm going to transfer all my and my family's accounts out of Scottrade after this...Scottrade lied to me yesterday and continue to try to put me off with bull sh excuses.
'empire' lol, shows how little you know of what made this country great.
Big Deal: NGP lands large exit after UCWeb move
Alibaba Acquires UCWeb, Maker Of China’s Most Popular Mobile Browser
Alibaba, already an investor in UCWeb, will buy all remaining shares of the web browser and search company. The two firms announced the merger, one of the most significant among Chinese Internet companies to date, earlier today. UCWeb will join UC Mobile, one of Alibaba’s business unit as Alibaba preps for its U.S. IPO. Though Alibaba did not disclose how much the deal is worth, it did say that it is worth more than the $1.9 billion paid for 91 Wireless by Baidu last year, formerly the biggest deal in China’s Internet sector.
In a statement, the companies said “The move highlights the comprehensive integration of Alibaba and UCWeb following Alibaba’s investment in UCWeb in 2009 and 2013, and will enables deeper synergies between the companies by marrying Alibaba’s strengths in e-commerce, cloud computing and big data technology and UCWeb’s leading market position and technology in mobile.”
UC Mobile will oversee Alibaba’s browser, mobile search, location-based services, mobile gaming, app store and mobile reader operations.
UCWeb is one of the biggest web browser companies in China, with more than 50% market share. It also surpassed Opera as the top mobile browser in India last year, when Alibaba founder and chairman Jack Ma joined UCWeb’s board of directors, and now holds a 35% market share according to StatCounter, compared to Opera’s 25%.
Before the merger, Alibaba already held a 66% stake in UCWeb in convertible preferred shares, according to its SEC filings and also participated in several fundraising shares. Its total carrying amount in UCWeb was RMB3,358 million, or about $540 million.
The move is significant because it builds up Alibaba’s mobile strategy, making it a more formidable competitor to other Chinese companies like Baidu, which reportedly tried to buy UCWeb in June 2012, and Tencent. It may also mean that Alibaba plans to strengthen its presence in India and other emerging markets. UCWeb named India as its second headquarter in April 2013, while UC Browser has grown worldwide by forming partnerships with phone makers including HTC, Samsung, Nokia, LG, Lenovo, and carriers such as Vodafone, China Mobile, and China Telecom.
Before selling a controlling interest to Alibaba, UCWeb had planned go public in the U.S. according to TechNode, our partner site in China, but it may have scuttled those plans as smartphone users began spending more times in apps instead of their mobile browsers. On Alibaba’s end, UCWeb will be able to develop browsers and other tech it needs for its smart TV ecosystem and e-commerce businesses.
Samsung makes very good products, I hope they continue to sell lots of phones...because Nokia will share in their success going forward.
it would appear they had these acquisitions pre-planned, like it when management has a plan and is executing it