complinet.com
complinet.com
... Nokia declined to disclose specific figures. Nokia is negotiating with Chinese partners
to launch two new joint ventures in China, manufacturing mobile phones ...
soc.culture.china - 18 Feb 1998 by Chinese News - Näytä säie (1 article) Date: 02/18/98_
_Author: Li Wenfang_
_Copyright© by China Daily_
***************************************************************************
Nokia raises Chinese stakes
WORLD telecommunications giant Nokia is planning to "more than
double" its investment in China in the next couple of years after
recording high sales last year.
The company headquartered in Helsinki, Finland, so far has already
poured several hundreds of millions of US dollars into China.
Nokia declined to disclose specific figures.
Nokia is negotiating with Chinese partners to launch two new joint
ventures in China, manufacturing mobile phones and net work
equipment, said Jorma Ollila, president and chief executive
officer of the company, in an interview with China Daily.
Ollila declined to give further details, saying negotiations are
still going on.
Ollila left Beijing yesterday after a two-day visit discussing
Nokia's new investment plans with top Chinese Government officials
including Vice-Premier Wu Bangguo.
Nokia has already set up six joint ventures in China plus branches
and representative offices across the country, hiring altogether
2,000 people.
Last year, Nokia generated total sales of US$1.2 billion in the
Chinese market, double that of 1996.
Brisk sales in the last three months promise another year of
strong growth for Nokia in China in 1998, he said.
Ollila said he has a lot of confidence that the Chinese economy
and its telecommunications industry will continue to grow
steadily.
Nokia has not seen any impact of the Southeast Asian financial
turmoil on its China operations, Ollila said. Instead, "we have
seen a very healthy continuance of our Chinese business."
Ollila said the Chinese market is one of the major driving forces
behind his company's overall 34 per cent sales growth worldwide.
China has become Nokia's third largest market after the United
States and Britain.
Although it is difficult to forecast the outcome of the turmoil in
the Southeast Asian countries the Asian-Pacific region in the
medium and long term will still be one of the major growth areas
for telecommunications, he said.The Asia-Pacific region in total
accounted for 23 per cent of Nokia sales, after Europe's 59 per
cent. The Americas constituted 18 per cent of sales.
Nokia's global sales grew by 34 per cent to $9.8 billion and
operating profits rose by 98 per cent to $1.58 billion. Earnings
per share soared 97 per cent to US$3.86. Its net sales, profits
and earnings per share were the highest in the company's 132-year
history, the company announced last Thursday.
The company said it had over 21 per cent of the world's mobile
phone market in 1997. An estimated 101 million units were sold
last year. It also had almost 30 per cent of the global market in
infrastructure for the Global System for Mobile Communications
(GSM).
The number of cellular subscribers worldwide at the end of 1997
was estimated at 201 million, up from 135 million a year earlier.
_Date: 02/18/98_
_Author: Jing Ji_
_Copyright© by China Daily_
Nokia Ventures Organization is a new organization within the Nokia Group
and it is founded at the beginning of 1998 to develop new business for
Nokia. In our work we concentrate on the near-future telecommunications
services and applications. Our office is located in the premises of the
Nokia Research Center in Lauttasaari and, next year in Ruoholahti,
Helsinki.
We are now looking for a Wireless Application Designer to work in the
Wireless Multimedia Application -team which is a part of the Nokia
Ventures Organization. We are building new Software Applications for
Mobile Multimedia (GSM++, UMTS). In your work you will specify and
develop Wireless Multimedia Applications for the future mobile networks
and terminals.
To be a successful candidate for the position you should have experience
in software development and also some experience in WEB development
(HTML, DHTML, XML, etc.) and Java programming languages.
For more information about the job, please contact Erkki Tanskanen by
email erkki.tanskanen@nokia.com or by phone +358 40 731 0516.
If you think you have the right qualities for this challenging position
send your free-format application by 11.9.1998 by email or mail to Tiina
Myöhänen, tiina.myohanen@research.nokia.com Nokia Research Center, P.O.
Box 407, 00045 NOKIA GROUP, FINLAND.
groups.google.com
Marvel Enterprises Stock Drops to Below $3.00 a Share
... at developing meaningful revenue via new media opportunities. Marvel also ... entertainment
publishers (funded by Nokia Ventures, News Corp. and Softbank UK ...
Bill Gates : Beyond Gutenberg
... several failed e-book ventures. Why? Most of them ... no universal way to download new
reading material. But the ... RR Donnelly, Penguin Putnam, Nokia, Barnes & Noble ...
soc.culture.indian - 18 Jun 2000 by ano457 - Näytä säie (1 article)
Subject: PayPal files for bankruptcy
From: Mike W. mww@netlane.com
Newsgroups: alt.marketing.online.ebay
Palo Alto, CA (Reuters) - PayPal files for bankruptcy today in a
surprise to some and an "I told you so" from others. The #1 online
email payment service was owned by Confinity, Inc. Thousands were quick to join in the service which was backed by industry leaders
Nokia Ventures, idealab Capital Partners and Deutsche Bank. Peter Thiel, Chief Executive Officer and co-founder, has a background in law and finance, and is charged with setting the strategic and business direction for PayPal. Peter Thel has been unavailable for comment, and close source have hinted that his trip to Brazil wasn't exactly a vacation. |
