HomeDevicesNews 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 Author 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 restructure
“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.com
The 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 STORE
TagsTransfersAbout 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.
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.
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.
The 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.
TORONTO – 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.”
OTTAWA — 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 Press