Massive losses mean no more handsets...
By Ben King
Published: 20 May 2002 16:22 GMT
Benefon, the other Finnish mobile phone maker, is to quit the business after reporting disastrous financial results.
The company is in merger talks with "several foreign firms", and is looking to stop building handsets within two years to focus on location-sensing technology, according to Reuters.
On Friday the company scrapped a planned share issue and posted a E4.3m (£2.7m) net loss for the first quarter of the year, on net sales of E4.7m (£2.96m).
The figure for the loss was flat from the same quarter last year but sales were down 55 per cent from E10.4m (£6.55m).
We provide data, analytics, process and technology that allow our clients to map their market: Coalition Client Services to map their client ...
This advert was posted by Gold Group - one of the UK's leading niche recruitment consultancies. This role is home based with extensive travel within ...
The firm is experiencing year on year growth and in the last quarter posted record results. You WILL be familiar with an analytics package from firms ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Natasha Lomas Exclusive: Jimmy Wales on what's next for Wikipedia Why Wikipedia needs geeks and why a life unplugged is unthinkable
Peter Cochrane Peter Cochrane's Blog: United breaks guitars? Customer service has changed forever