Tag Archives: nok

Microsoft Set For ‘Golden Age’ Of Cloud Computing

With some bad news out of the way, Microsoft (MSFT) hopes to turn investor attention next week to what’s working for the company. On July 8, the Redmond, Wash.-based software leader took a $7.6 billion impairment charge related to its ill-conceived purchase of Nokia’s (NOK) mobile phone business in April 2014. Microsoft also announced plans to cut up to 7,800 positions, mostly in the phone business, and incur a restructuring charge of $750 million

Microsoft writes off entire value of Nokia deal

Microsoft (MSFT) on Wednesday effectively admitted that its acquisition of Nokia ‘s (NOK) mobile phone business was a huge mistake. The Redmond, Wash.-based software giant announced that it will record an impairment charge of $7.6 billion related to the Nokia assets it acquired last year. Microsoft purchased Nokia’s mobile device business for $7.5 billion in April 2014. Microsoft also announced plans to cut up to 7,800 positions, mostly in the phone business, and incur a restructuring charge of $750 million to $850 million.

Nokia HERE Maps Unit Bidders: Apple, Alibaba, Facebook, Uber?

The Nokia (NOK) HERE Maps unit has drawn interest from Facebook (FB), car sharing site Uber and various German car makers, according to one media report. Meanwhile, the Finnish networking equipment maker is trying to attract bids from the technology “A Team” of Apple (AAPL), Alibaba Group (BABA) and Amazon.com (AMZN), according to another report. Nokia has been trying to sell its money-losing maps unit, reportedly for more 3 billion euros ($3.2