Архив рубрики: Applied Materials

Nokia Oyj

Nokia
Nokia

Nokia Unveils $68 Mobile Phones for Speedy Internet Access.
Nokia Oyj (NOK1V), the second-biggest maker of mobile phones, unveiled cheaper handsets today to meet consumer demand for fast connections to the Internet.

The Nokia 207 and 208 are candybar-shaped phones that let users connect to speedier third-generation networks, the company said in a statement. They come with Nokia’s Xpress Browser that compresses data and will include social applications such as WhatsApp, Facebook and Twitter. Both handsets will cost $68 and are expected to start shipping this quarter. The third model is a dual SIM version of the Nokia 208.

The company said the new models are its “most affordable 3G devices yet.” As Nokia strives to catch up with Apple Inc. and Samsung Electronics Co. in smartphones priced at more than $500, the Espoo, Finland-based company is also trying to boost sales of more basic handsets that sell for a fraction of the price, a category that accounts for most of its device business.

Nokia’s first-quarter sales slumped 20 percent as competition from Asian manufacturers of phones that run Google Inc.’s Android software hurt demand for the company’s cheaper models. Chief Executive Officer Stephen Elop said the decline in its mobile-phone business was primarily caused by competition and Nokia was preparing “aggressive moves” to respond. It unveiled new software to power its Asha mobile phones in May.
Cash Sources

Nokia’s shares fell 0.5 percent to 2.97 euros at 1:22 p.m. in Helsinki, paring the advance to 1.4 percent this year and valuing the company at 11.1 billion euros ($14.4 billion).

Of the 336 million handsets Nokia sold last year, only about 10 percent were smartphones. Basic models accounted for 31 percent of Nokia’s revenue, versus 18 percent for smartphones. Network equipment made up most of the balance.

Nokia reported April 18 that it sold about 11 million fewer mobile phones in the first quarter than analysts had projected, with basic phones plunging 21 percent to 55.8 million units. A failure to revive the low-end business would leave Nokia without an important source of cash to develop devices to challenge competitors.

The phonemaker this week said it plans to buy Siemens AG (SIE)’s share in the six-year Nokia Siemens Networks joint venture for 1.7 billion euros, giving it full access to the phone-equipment maker’s cashflow.

Nokia Siemens today won a contract worth at least $200 million to build a fourth-generation wireless system for Russia’s biggest mobile-phone company OAO Mobile TeleSystems.

Pushing

When asked by ATD’s Ina Fried about where Microsoft sees opportunities to go after the competition, Myerson noted that Windows Phone is meant to focus on the consumer, and hesitantly poked at some of Microsoft’s more prominent rivals. “With Apple I sense a lack of urgency,” he said before jabbing at the latest version of iOS and the 5th row of apps and referring to Android as “kind of a mess.”

Of course, Windows Phone’s success is just as dependent on the hardware as it is on the OS that runs on it, and Myerson talked up the sort of measured approach that Microsoft has been sticking to on that front.

“We’re not necessarily going out and pushing for lots and lots of OEMs, he noted, adding that watching manufacturers like Nokia, HTC, and Huawei find success with their Windows Phones is what’s “really important right now.” Even so, rumors of even more Microsoft-crafted hardware in the pipeline (think a smartphone or a wrist-worn computing device) continue to make the rounds. Myerson was quick to downplay the notion that Microsoft would cobble together a smartphone of its own by pointing out that Microsoft would have to provide a consumer experience that current OEM partners couldn’t. That said, one could look at the Surface as a strong example of Microsoft doing just that, so I wouldn’t rule out a Microsoft smartphone entirely.

Applied Materials

Applied Materials

Applied Materials slumped 2.7 percent to $10.71. The chipmaking-equipment provider sliced its fiscal 2012 sales and profit forecasts amid weakness in Europe, China and the personal-computer market.

Cummins sank 8.9 percent, the most since August, to $86.91. The maker of truck engines reduced its revenue forecast as demand weakens and the economy slows. It said in a statement it expects 2012 revenue “to be in line with” the 2011 level, without specifying a figure. Cummins said in a Feb. 2 statement it projected 2012 revenue would rise 10 percent compared with 2011. Cummins had $18 billion in revenue last year.

Commodity (S5MATR) shares slumped as a stronger U.S. dollar reduces the appeal of raw materials. Alcoa Inc. (AA), the first company in the Dow to report results, dropped 4.1 percent to $8.40 even after earnings and revenue beat analysts’ estimates.