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• Nokia is a Finnish technology company and currently the largest cell phone manufacturer in the world. A major presence in the telecommunications industry, Nokia has employees in 120 countries.

• Fast Facts

  1. Stock symbol: NOK, NYSE
  2. Annual revenue (2008): $50,710 billion U.S.
  3. Founder: Fredrik Idestam
  4. Year Established: 1865
  5. Industry: Telecommunications
  6. Phone: (358) 9 18 071
  7. Fax: (358) 9 656 388
  8. HQ: Espoo, Finland
  9. President and CEO: Kari Kairamo
  10. CFO: Richard A. Simonson
  11. Staff: 114,735
  12. Products: Primarily mobile phones
  13. Subsidiary: Nokia Siemens Networks

• Key Dates

  • 1984: Nokia buys Salora Oy, a major competitor
  • 1987: Nokia introduces Mobira Cityman 900, one of the first hand held phones
  • 1988: Nokia Mobira Oy becomes Nokia Mobile Phones
  • 1992: Changes name to Nokia Telecommunications
  • 2007: Nokia acquires Twango
  • 2008: Nokia cuts 600 jobs
  • 2008: Nokia releases N86, a 3G phone
  • 2009: Nokia Launches Ovi Apps and releases N97 and N86

• Job Cuts

  Nokia announced on November 4, 2008 that it would be cutting approximately 600 positions, due in part to disappointing Q3 earnings.TechCrunch: Nokia Cuts 600 Jobs... (November 4, 2008) The company also planned to shut down its Turku site in Finland and relocate employees to other Finnish Nokia locations. In a press release, Nokia spokesperson Juha Akra said "Today's changes are part of Nokia's constant renewal where it is important to be close to our customers and ensure that our people are able to focus on the key business priorities."Nokia: Press Release (November 4, 2008)

• Related Mahalo Pages

  Nokia N97 | Nokia 3110 Evolve | Nokia N95 | Nokia N91 | S60 Touch | LG Group | Motorola | Sony | Samsung | Palm | Cell Phones | Verizon | Cingular | Sprint | Pangea Day | Nokia Tube | How to Become an Authorized Cell Phone Agent

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