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Nokia - News, Features, and Slideshows
Nokia in pictures
Nokia has reached an agreement to sell its Here mapping and location services business to an automotive industry consortium consisting of Audi, BMW Group and Daimler, in a deal that gives the business an enterprise value of €2.8 billion (US$3.1 billion).
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Nokia has developed a camera for enterprise users that can help turn everyday surroundings into virtual reality (VR) imagery for games and other applications.
Nokia Here goes to car makers...Bill proposes automotive security standard...Microsoft write down leads to quarterly loss....and more tech news.
Audi, BMW and Daimler will jointly purchase Nokia's Here digital mapping service for roughly $2.7 billion, and they plan to invite other auto makers to take a stake in the company as well, according to reports published on Tuesday.
In a revival tent-like speech, Microsoft's chief operations officer, Kevin Turner, urged the company's partners to forget the past - an allusion to the failure of its smartphone business to gain meaningful share - but defended the decision to keep making handsets.
Microsoft will continue to manufacture smartphones for its Windows 10 Mobile operating system, but the company has thrown in the towel on the devices strategy pursued by its former CEO and will probably give up entirely unless Windows 10 reverses years of missteps in mobile, analysts said.
The possible acquisition of Alcatel-Lucent of France by Finland-based Nokia would bring together complementary patent portfolios and increase their scale against larger global competitors, analysts said Tuesday.
Network World's analysis of publicly listed sponsors of 36 prominent open-source non-profits and foundations reveals that the lion's share of financial support for open-source groups comes from a familiar set of names.
Microsoft decision to ax the feature phone business it got when it bought Nokia's handset business for $7.2 billion shows the investment 'went for naught.'
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