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Motorola posts more losses
Motorola posts more losses
AIM Alliance (Apple, IBM, Motorola) partner, Motorola reported its fourth successive decline in revenue yesterday. The company saw a 25 per cent drop in its revenues, falling to $7.3 billion from $10.1 billion. Motorola blamed a slowdown in spending in the telecommunications market.
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Nokia gets Chinese nod for Microsoft deal
Nokia gets Chinese nod for Microsoft deal
Helsinki – Nokia has received regulatory approval from Chinese authorities to sell its mobile phone unit to Microsoft Corp., removing one of the last major hurdles to the 5.4 billion-euro ($7.3 billion) deal. Nokia Corp.'s share price jumped 5 percent to close at 5.58 euros on the Helsinki Stock Exchange. The deal, announced in September, includes the sale to Microsoft of Nokia's devices and …
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