Nokia sees mixed results following “transformative” Q3

first_imgHomeDevicesNews Nokia sees mixed results following “transformative” Q3 BlackBerry software shift kicks in, but device business remains weak Previous ArticleItalian PM to quiz Telefonica on TI jobs security – reportNext ArticleSamsung woos devs with SDK launches Related Apple sees strong iPhone sales; deems Watch launch a “great start” AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 29 OCT 2013 Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Authorcenter_img Financial Steve Costello Nokia announced mixed results for the third quarter of 2013, a period which Timo Ihamuotila, CFO and interim president, described as “among the most transformative in our company’s history”.Nokia has inked a deal to sell its handset business to Microsoft, and has bought out partner Siemens from the NSN joint venture, which will now form the core of its operations going forward.But the results show that without the burden of its Devices & Services unit, it will not be plain sailing for Nokia, with sales slowing at NSN and in its Here location-based service unit.“Our strategy work is making good progress and it has already become clear that there are meaningful opportunities for all of our business areas: NSN, Here and Advanced Technologies. In all of these businesses, we have strong assets that we continue to invest in for the long term benefit of our customers and shareholders,” Risto Siilasmaa (pictured), chairman and interim CEO, said.Starting with its handset unit, Nokia said that volumes of its Lumia smartphones increased by 19 per cent quarter-on-quarter to 8.8 million units, which it said reflects its “recently broadened Lumia product range and strong customer demand, particularly for the Lumia 520”.Mobile Phone volumes increased 4 per cent over the prior sequential quarter to 55.8 million devices, “demonstrating solid performance across the majority of our portfolio due to recently launched devices, particularly the Nokia 105, Asha 501, and Nokia 210”.For the quarter to the end of September, the Devices & Services unit saw an operating loss of €86 million, compared with a loss of €672 million in the prior-year period, on sales of €2.9 billion, down 19 per cent from €3.56 billion.Perhaps more encouragingly, sales increased by 6 per cent quarter-on-quarter, driven by an improved performance by both its smartphones and mass-market devices sequentially.Smart Device sales were €1.25 billion, up 28 per cent year-on-year, with the 8.8 million Lumias shipped representing an increase of 40 per cent from the 6.3 million smartphones sold in the same period last year.But Mobile Phones sales of €1.49 billion were down 37 per cent year-on-year, with the 55.8 million devices representing a 27 per cent decrease from 76.6 million a year earlier. This number includes 5.9 million Asha full-touch devices, which Nokia refers to as “smartphones”.For the businesses that will form the core of the new Nokia, NSN saw an operating profit of €166 million, down 9 per cent year-on-year, on sales of €2.59 billion, down 26 per cent. The company has been through a restructure that has seen a new focus on its central business, which while decreasing its size is intended to improve its profitability.But in addition to this refocus, Nokia said that NSN had also seen “reduced wireless infrastructure deployment activity, which affected both Mobile Broadband and Global Services, and the net negative effect of foreign currency fluctuations”.Slowed sales from the prior sequential quarter were attributed to seasonality.And the HERE mapping service saw an operating profit of €14 million, compared with a prior-year loss of €56 million, on sales of €211 million, down 20 per cent from €265 million.On a group level, the company reported a loss attributable to equity holders of €91 million, compared with €959 million in the prior year period, on sales of €5.66 billion, down from €7.24 billion.On an operating level, it saw a profit of €118 million for the quarter, compared with a year-ago loss of €564 million.For the fourth quarter, Nokia said it expects to report the Devices & Services unit as discontinued operations. This unit is expected to deliver a negative operating margin on a non-IFRS basis during the period.It expects NSN to deliver “solid net sales growth on a sequential basis, supported by strong industry seasonality”. It is continuing to target an annual operating expenses and production overhead saving of €1.5 billion by the end of 2013, compared with the end of 2011. Devices Tags Lenovo set for 3,200 job losses and mobile restructurelast_img read more

Logistec USA and GCBE join forces

first_img“Joining together will allow us to increase our market coverage and operational resources to better serve our customers throughout Florida and the US Gulf,” said Madeleine Paquin, president and ceo of Logistec Corporation – parent company of Logistec USA.Logistec Gulf Coast will handle bulk cargo at various locations in Florida, Louisiana and along the Mississippi River.Logistec handles heavy and over-dimensional cargoes including turbines, generators, yachts, transformers, locomotives, cranes, heavy trucks and tracked equipment, as well as all kinds of machinery.www.logistec.comlast_img read more

‘Are you happy now?’

first_img 1 of 2 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Pictured are Ashlines grandparents, Mervin Telmarks, left, with his wife Rachel Telmarks. Her grandfather, Mervin Telmarks, who was playing with her outside, said he went inside for less than a minute when he heard about seven gunshots going off. He ran outside and heard the neighbours shouting that his grandchild had been shot. According to Mr Telmarks, Ashline and her friends made a run for the nearest flat in the court when they heard the gunshots but she didn’t get away fast enough and she was shot.“I came inside for just a minute when I heard the gunshots. I ran outside and heard them saying it’s my grandchild who was shot. “I picked her up and ran to the corner and then one of the neighbours took us to Heideveld day hospital. There was no one in here in the court for them to shoot at. How can they be so stupid to just shoot like that?” said Mr Telmarks.At the hospital doctors said Ashline needed to be taken to Red Cross Children’s Hospital because she had already lost a lot of blood.Doctors operated on the little girl for about five hours and was due to operate on Thursday January 26 again.“I feel like going over to them and asking if they are happy now that they have shot a child but then I think, no rather leave it. I just hope that she recovers and there is no damage to her body. She is such a free-spirited child who loves to talk and runs around all the time. She was such a strong child, if she got hurt she would never cry,” Mr Telmarks said.Mr Telmarks added that Ashline is a very friendly child who visited everyone and everyone in the area loved her.Doctors have told Ashline’s mother, Merletha Telmarks, that her kidney, lung, intestines and her spine had been injured in the shooting. They told Ms Telmarks that chances of her daughter walking again were slim because she had no feeling under her feet. She said her daughter was being kept on morphine because of the amount of pain that she was in.“I don’t know how to deal with this, I don’t even feel like bringing her back to Hanover Park when she is out of hospital. The doctors told me that if she needs to be put into a wheelchair they will help me with another school and that there is therapy at the hospital,” she said.Darren Francis, assistant director of communications for the provincial Department of Health, confirmed Ashline was in a critical but stable condition. On Monday January 30, Mr Telmarks told the Athlone News that on Sunday, Ashline had started speaking and eating but was short of breath because the bullet had ruptured her lung.Lieutenant Lance Goliath, spokesman for Philippi police station, said the motive behind the shooting was unknown. “It is yet to be determined if the incident was gang related. Residents in the vicinity are urged to come forward and make a statement. Police are investigating a case of attempted murder. No arrests have been made,” he said. Ashline is currently in Grade R at Summit Primary School in Hanover Park. Mogamat Farhaan Isaacs, principal of the school, is a close friend of the family as Ashline’s grandmother Rachel Telmark, also attended Summit Primary School. Mr Isaacs said Ashline’s family had been very close to the school over the years and remained loyal friends of the school. He said he was deeply hurt by the incident and wished Ashline a speedy recovery. “We are all devastated about what has happened. Shooting has been going on since the first day of school. When a parent walks into your office and tells you that their child has been shot it hurts you quite deeply. We have sent out a newsletter in which we express our sincere prayers to the family and to show our support. Her teacher and friends are just waiting on her condition to be stabilised so that they can visit her,” he said. Mr Isaacs added that it had been an emotional roller-coaster for him and the school. “You don’t expect Grade R pupils to be talking about how she got shot. Her classmates and teacher are traumatised by the shooting. A psychologist has visited the school to explain what has happened because the Grade Rs don’t understand how their friend could have been shot. We have been liaising with the education department about more safety features at our school before more children get shot,”’ he added. Mr Telmarks said something needed to be done about the gangsterism in the area. “Why doesn’t the government take them and offer them learnerships or recruit them into the navy so that they can shoot there legally because some of them will be interested, then at least they will be fighting for the country instead of shooting at each other,” he said. In December last year the Athlone News reported on the killing of Rimeez Caetano, who was shot and killed a day after the end of the annual international 16 Days of Activism for No Violence Against Women and Children Campaign (“Another child shot in crossfire”, Athlone News, December 14 2016). The 11-year-old’s life was snuffed out when he got caught in the crossfire between the G-Unit and Hard Livings gangs. He was shot and killed on Sunday December 11, after 11am, while playing soccer with his friends in front of his grandmother’s house in 8th Avenue, Bokmakierie. According to Rimeez’s friends, who were playing soccer with him, they heard gunshots before one of his friends, who was standing in front of him, noticed that Rimeez had been shot. As the friends ran for cover into Rimeez’s grandmother’s house, the boy followed, but collapsed in the passage and later died on his way to Groote Schuur Hospital. In May last year we also reported on the killing of six-year-old Saadiqah Lippert from Kewtown who was shot in front of her grandmother’s house in 9th Avenue on Monday May 2 (“Bokmakierie on tenterhooks”, Athlone News, May 11 2016). The Grade 1 Garlandale Primary School pupil, was getting ready to go home after spending the weekend at her grandmother Kamiela Lippert’s house. It was around 7pm, when Saadiqah and her cousin were waiting outside for their grandmother to take them home to Saadiqah’s mother’s home in Kewtown when unknown men ran by and opened fire, shooting the little girl in her stomach. Saadiqah was rushed to Groote Schuur Hospital where doctors worked hard to save the little girl. She was put on life support after a few hours but died during the early hours of the next morning. Anyone with information about Ashline’s shooting can contact the investigation officer Detective Warrant Officer Ronald Koopman on 021 690 1517 or 073 171 6154. Pictured are Ashlines grandparents, Mervin Telmarks, left, with his wife Rachel Telmarks. Five-year-old Ashline Telmarks might no longer be able to play with her friends in the park after she was shot last Tuesday, allegedly by members of the Ghettos gang.Ashline was playing in the park near her home when four members of the Ghettos gang reportedly opened fire into Algoa Court where Ashline stays with her grandparents. The shooting occurred just before 8pm on Tuesday January 24. Video Player is loading.Play VideoPlaySeek back 10 secondsSeek forward 30 secondsMuteCurrent Time 0:00/Duration 2:09Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:09 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio TrackFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Video Advertisement A picture of Ashline before she was shot.last_img read more

Discounted prices this weekend

first_imgThe Bristol Sport Store at Ashton Gate, will have 15 per cent off all merchandise in store this Saturday (December 15th).Meanwhile, the recently launched Bristol Sport Store at Cabot Circus will also run the same offer on Saturday and Sunday (December 16th).The Cabot Circus store is open until Sunday, December 30th.BROWSE THE STORElast_img

10 months agoChelsea to launch bid for PSG striker Edinson Cavani

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Chelsea to launch bid for PSG striker Edinson Cavaniby Paul Vegas10 months agoSend to a friendShare the loveChelsea are ready to launch a bid for PSG striker Edinson Cavani.The Sunday Express says the Blues are lining up a dramatic £50m bid for Cavani in a bid to solve their goal scoring problems.Maurizio Sarri is keen on the Uruguayan who was the most expensive signing in French history when he moved to PSG from Napoli six years ago.Sarri who is preparing to remodel his squad in the next two transfer windows could offload six or seven players this month alone.He has seen his side only score 38 goals in the Premier League which is comfortably the lowest number of the clubs in the top six and has lost faith in his front men.Cavani, 31, has scored 324 goals in 519 appearances could be the right man to get his side firing in goals again but they could find they have competition from China. last_img read more

Miami One-Ups TCU’s Tank Top Giveaway With This Incredible Jim Larranaga Tank

first_imgMiami's Jim Larranaga "give them L" tank top.Earlier today, TCU announced it was going to be giving away beach tank tops to the first 200 students at its game tonight. Well, Miami just one-upped the Horned Frogs in incredible fashion.The U’s official basketball Twitter account stated that the first 400 students to show up for tonight’s game against rival Florida State will receive these amazing shirts featuring the likeness of head coach Jim Larranaga. STUDENTS: First 400 at tonight’s game get this tank top. Doors open at 8. #BeatFSU pic.twitter.com/0rpmImpwI7— Miami Basketball (@CanesHoops) February 25, 2015It’s tough to describe just how awesome this shirt is. Miami, if you have any extras, please contact College Spun and send them our way.last_img read more

Video: A Duke Fan Hit An Awesome OT Buzzer Beater At Coach K’s Fantasy Camp

first_imgA Duke fan pulls up from three and nails a buzzer beater at Coach K camp.Duke Fantasy Camp Buzzer BeaterDreams came true today for one Duke fan attending Mike Krzyzewski’s fantasy camp, K Academy, in Durham, North Carolina. K Academy, which hosts some die-hard fans at Cameron Indoor Stadium every year, allows Blue Devils’ faithful to experience what it’s like to be part of one of college basketball’s best programs. Today, an epic buzzer-beater was hit in OT in one of the games. That man will be talking about that shot for the rest of his life.last_img read more

Ray Romano Returns As Host Of International Myeloma Foundations 10th Annual Comedy

first_imgThe International Myeloma Foundation (IMF), the oldest and largest organization dedicated to improving the lives of myeloma patients while working toward prevention and a cure – has announced the lineup for the 10th Annual Comedy Celebration, the foundation’s premier fundraising gala, taking place on Saturday, November 5 at The Wilshire Ebell Theatre.Actor and comedian Ray Romano returns to host a memorable night of comedy with featured performers that include Bill Burr, Jeff Garlin, Dom Irrera, Larry Miller, Kevin Nealon, JB Smoove, Fred Willard and more to be announced. All performers are subject to availability.Proceeds from the event will benefit the Peter Boyle Research Fund and support the Black Swan Research Initiative (BSRI). Renowned actor Peter Boyle died in late 2006 after a four-year battle with myeloma, an incurable cancer of the bone marrow and one of the fastest growing blood cancers in the world. Through laughter, the event honors Boyle and raises money for research to find a cure.In celebration of the event’s 10th anniversary, the evening will honor Boyle’s widow, Loraine Alterman Boyle, for her extraordinary work as the event chair for the last 10 years and unwavering dedication to raising funds towards a cure for myeloma. Since the first event in 2007, the annual celebration has featured over 50 celebrity comedians and musical performers, and raised over $5 million for the Peter Boyle Research Fund, which has supported the International Myeloma Foundation’s research. For the fourth year, the Fund is focused on the IMF’s Black Swan Research Initiative®, a bold approach to finding a cure for myeloma by detecting and eradicating the disease at the earliest time point.Additionally, the IMF developed a research arm, the International Myeloma Working Group comprised of the top myeloma researchers from 35 countries, working collaboratively with one goal – to find a definitive cure for myeloma. This year the IMF has achieved the unprecedented ability to launch two targeted Cure Trials.The evening will include a pre-show cocktail reception and silent auction for VIP guests, the Comedy Show, and a Post-Show Party featuring a live swing band and dancing for VIP ticket holders. Tickets are on-sale now at comedy.myeloma.org.The International Myeloma Foundation 10th Annual Comedy Celebration is presented by Amgen, Bristol-Myers Squibb, Celgene, Takeda Oncology and Janssen.last_img read more

Alberta premier says something coming from Ottawa on Trans Mountain impasse

first_imgTORONTO – Alberta Premier Rachel Notley says the federal government has convinced her that “something specific” will be announced in the near future to try to break the impasse over the Trans Mountain pipeline.Notley made the comments after a meeting in Toronto with federal Finance Minister Bill Morneau.She says she will let Morneau discuss and outline what those specific actions will be.The future of the Trans Mountain project was jeopardized this week after the operator, Kinder Morgan, said delay tactics by the B.C. government may make the $7.4-billion expansion of the existing line financially untenable.Notley says the line, from Edmonton to Burnaby, is critical to getting more oil to the coast and fetching better prices to boost the Canadian economy.She is introducing a bill next week to give her the power to limit oil to B.C., and says it will involve imposing new conditions on export licences.“It would, as a result, allow us to direct the export of the product in a way that allows us to get the best price for the product and meets other generalized objectives,” Notley said Wednesday on a conference call from Toronto.“That could include a number of things both restricting what goes in certain directions as well as suggesting certain mechanisms for it to be transported.”last_img read more

Tech CEOs say Liberal innovation agenda does little to help firms scale

first_imgOTTAWA — The federal government’s big-ticket efforts to support high-growth tech firms are offering little for emerging companies that have already outgrown the fledgling start-up phase, according to a new survey of CEOs in Canada’s sector.The insights are among the early findings of a three-year research project focused on properly defining mid-sized “scale-up” firms, outlining what prevents them from growing into big companies in Canada and ensuring they’re central to policy discussions.“Scale-ups do not see their interests reflected in the federal innovation agenda,” said a document summarizing the opinions of executives at 48 of these firms during interviews last summer. The research is a collaboration between industry and the University of Toronto.The research is partly funded by Toronto-based tech company Delvinia. Adam Froman, the firm’s founder and CEO, said he’s made use of many different federal programs over the last 20 years — and has seen the gaps for scale-ups.The problem, he said, is that without ongoing support, made-in-Canada firms are being purchased by foreign entities, which also gobble up valuable intellectual property Ottawa helped pay for.“We’re exiting too early and the government doesn’t recognize it,” Froman said.Ottawa, he said, remains focused on helping firms with annual revenues under $10 million a year, when it should continue its supports for the “most-at-risk companies” bringing in between $10 million and $100 million per year.“If we can actually help more companies become $50-million companies, $100-million companies and stay in Canada, this will have a material impact on the future of Canada’s economic prosperity,” he said.Froman added that scale-ups are looking for continued support beyond financial help and “handouts.” For instance, he said the government could do a better job promoting “Canada House” as a space where Canadian firms can host events in the United Kingdom and ensuring federal agencies are agile enough to provide advice and services for fast-growing companies like Delvinia.Since taking power in 2015, the federal Liberals have made big bets in hope of lifting Canada’s fast-growing sectors. Ottawa wants Canada to produce global-scale firms that will generate long-term growth and create lots of jobs.Among the measures, Ottawa has dedicated $950 million worth of public funding towards five tech “superclusters,” created a $100-million program to make the federal government a bigger customer of domestic firms’ innovative products and made changes designed to entice foreign, high-level talent to move to Canada.But CEOs interviewed for the survey, taken between June and September, said despite Ottawa’s efforts federal policy has mostly focused on helping smaller, start-up firms.“I think there’s a lot of frustration,” said Steven Denney, the researcher at University of Toronto’s Innovation Policy Lab behind the study. “I think a lot of the frustration stems from what I would say is a perceived lack of recognition.”For example, the summary said CEOs wanted government to give more opportunities to domestic firms when it comes to procurement.Denney said there’s a lack of data about companies in this scale-up category, which the project is also trying to properly define as way to frame policy debate. As he zeros in on a definition, Denney said these firms should have at least $10 million in revenue and between 60 and 65 employees and be considered high-growth according to OECD standards.“If we can’t define it, we can’t talk about it,” he said.The federal department of Innovation, Science and Economic Development could not immediately provide a response to questions about the findings.In a September report, an advisory group assembled by the department that included industry leaders said Canada has a strong entrepreneurial culture and startup capacity — but that it underperforms when it comes to scaling up companies.“The problem is that government programs tend to focus on entrepreneurs and small-and medium-sized enterprises,” said the economic strategy report on digital industries. The report said the government must refocus some of its programs to help high-performing scale-ups grow into global firms.Andy Blatchford, The Canadian Presslast_img read more