Nokia Buys a Chunk of Panasonic 54
jones_supa (887896) writes "Nokia's future as a company focused on providing network solutions, rather than mobile phones, looks to be bright. The company made big profits in the second quarter of 2014 after selling its mobile devices unit — the cornerstone of Nokia's rise in the 1990s — to Microsoft. Meanwhile Nokia has been buying up other businesses such as the Chicago-based SAC Wireless. Now Nokia is acquiring part of Panasonic's network business in an effort to boost its presence in Japan. The deal announced Thursday will give the Finnish firm control of roughly one third of Japan's mobile network market."
Re:Nokia still has products? (Score:5, Interesting)
They started out in 1904 making rubber. Today they provide large part of Finland's export, so around here they are considered 'too big to fail'.
Importing a CEO from abroad was seen with great suspicion, which is why Elon made such a grand and public gesture of assimilating Finnish culture for a few months. - A venture about as daft as scheduling Tibet for two years to get enlightened.