Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Nokia Cancels Decision on CDMA Partnership With Sanyo
Posted on 22-Jun-2006 19:29 | Tags Filed under: News



Nokia will not be forming the new CDMA device company with SANYO it preliminarily announced back on 14 February 2006. The company decided not to pursue its earlier plan as it concluded the terms and conditions of the proposed partnership were not satisfactory and in the best interests of Nokia's long term success.

Nokia says that in addition to an already financially prohibitive CDMA ecosystem in general, recent developments may indicate that the CDMA emerging markets business case is looking more challenging.

The handset manufacturer intends to selectively participate in key CDMA markets, with special focus on North America. Nokia plans to ramp down its own CDMA R&D and manufacturing by April 2007.

The company's preliminary estimate for the planned restructuring charge is EUR 150 million in the third quarter 2006. Nokia expects that the result of the planned restructuring of the CDMA business would have a positive impact on Nokia operating margins.









comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Tipping? Please no!
Created by BlueShift, last reply by MikeAqua on 24-May-2017 16:22 (93 replies)
Pages... 5 6 7


Bombing at Manchester concert, 19 dead
Created by Rikkitic, last reply by cruxis on 24-May-2017 16:21 (69 replies)
Pages... 3 4 5


Father banned from watching daughter's netball game: what you think of this?
Created by Rikkitic, last reply by MikeAqua on 24-May-2017 16:07 (129 replies)
Pages... 7 8 9


Tailgaters?
Created by Linuxluver, last reply by PeterQ on 24-May-2017 10:13 (95 replies)
Pages... 5 6 7


The President Of The USA: Donald Trump
Created by TimA, last reply by kingdragonfly on 23-May-2017 07:44 (4357 replies)
Pages... 289 290 291


Automate "Dumb" Heatpump
Created by Paul1977, last reply by richms on 24-May-2017 11:26 (46 replies)
Pages... 2 3 4


New Surface Pro Tablets
Created by Krishant007, last reply by geekiegeek on 24-May-2017 16:18 (14 replies)

ANZ Bank Anti Money Laundering
Created by kiwiharry, last reply by Geektastic on 24-May-2017 09:56 (29 replies)
Pages... 2