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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: niceguy767 who wrote (32782)	5/7/2013 7:05:33 AM
From: sylvester80	Respond to of 34857

05/07/2013 04:01 DJ Nokia Management Moves Follow Volume, Revenue Decline in China 05/07/2013 04:01 DJ Nokia Appoints New Head of China Sales, Marketing 05/07/2013 04:01 DJ Nokia: Erik Bertman To Replace Gustavo Eichelmann As Nokia's China Head 05/07/2013 04:01 DJ Nokia Appoints New Head of China Sales, Marketing - Spokesman 05/07/2013 04:01 *DJ Nokia: Erik Bertman Currently Heading Nokia Russia; Eichelmann to Leave Nokia

To: niceguy767 who wrote (32782)	5/7/2013 7:06:21 AM
From: sylvester80	Respond to of 34857

Nokia Appoints New Head of China Sales, Marketing Last update: 5/7/2013 5:01:18 AM By John D. Stoll Nokia Corp. (NOK) has named a new head of its struggling China sales and marketing operation following significant declines in revenue and mobile device deliveries over the past year. Erik Bertman, chief of Nokia's Russian business, will oversee Nokia's sales and marketing activities in China beginning June 1, Nokia spokesman Doug Dawson said Tuesday. Mr. Bertman replaces Gustavo Eichelmann, who is leaving Nokia for personal reasons, the spokesman said. Mr. Bertman will be based in Beijing. The move comes as Nokia is losing considerable ground in China amid wilting demand for its smartphones and heightened competition from a broad range of rivals based in China and abroad. Nokia sold only 3.4 million mobile devices in China during the first quarter of 2013 compared with 9.2 million in the first three months of 2012. Nokia's decline in China was considerable last year. In the second half 2012, sales of devices and services in Greater China fell 78% on the year and the decline for the year was 68% as the company sold 27.5 million devices in the region compared with 65.8 million in 2011. The Finnish handset maker has been late to respond to a shift in shopping patterns in China. Historically, mobile devices were distributed primarily through networks of distributors and resellers. But operators have rapidly moved to a practice of bundling devices and data plans together at prices designed to increase the number of 3G data subscribers, accelerating the shift to smartphones with lower price tags and different specifications from what Nokia offered. Nokia relies on China for about 10% of its overall revenue. Write to By John D. Stoll at By John.Stoll@wsj.com Subscribe to WSJ: online.wsj.com?mod=djnwires (END) Dow Jones Newswires May 07, 2013 05:32 ET (09:32 GMT)