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Showing posts with label Info. Show all posts
Showing posts with label Info. Show all posts
Saturday 21 December 2013
Tuesday 29 October 2013
Apple CEO: We've locked up 94% of education tablet market
Posted by Anonymous on 04:53
Apple CEO: We've locked up 94% of education tablet market
"I've never seen a market share that high before," Cook said Monday during a conference call with analysts.
The company has attempted to push its tablets into the education arena with textbook support and discounts for bulk purchases. Schools represent a potential source of growth at a time when the iPad's market share dominance has eroded in the general consumer market. Cook said the education business represented a potential $1 billion market for Apple.
Apple on Monday reported fiscal fourth-quarter results that topped Wall Street expectations, led by strong iPhone sales. But iPad sales of 14.1 million units was short of estimates and flat from a year ago.
Apple could see a spike in iPad sales in the next quarter, with consumers likely scrambling to buy the iPad Air, which hits the market on Friday. The iPad Mini with Retina Display is scheduled for later in November.
Tim Cook calls the company's share in the education arena unheard of in most businesses.
Apple CEO Tim Cook said that iPads make up 94 percent of the market for education tablet, a stat that he noted was impressive and unheard of in most businesses. "I've never seen a market share that high before," Cook said Monday during a conference call with analysts.
The company has attempted to push its tablets into the education arena with textbook support and discounts for bulk purchases. Schools represent a potential source of growth at a time when the iPad's market share dominance has eroded in the general consumer market. Cook said the education business represented a potential $1 billion market for Apple.
Apple on Monday reported fiscal fourth-quarter results that topped Wall Street expectations, led by strong iPhone sales. But iPad sales of 14.1 million units was short of estimates and flat from a year ago.
Apple could see a spike in iPad sales in the next quarter, with consumers likely scrambling to buy the iPad Air, which hits the market on Friday. The iPad Mini with Retina Display is scheduled for later in November.
Nokia sold 8.8 million Lumia phones in Q3 yes!
Posted by Anonymous on 04:50
They never Said that :Nokia sold 8.8 million Lumia phones in Q3
Nokia
sold 8.8 million Lumia phones in the last three months, a nearly 20 per
cent increase driven by the success of the wallet-friendly Lumia 520
Nokia sold 8.8 million
Lumia phones in the last three months, a 19 per cent increase over
previous numbers driven in large part by the success of the
wallet-friendly Lumia 520.
And Nokia appears to be finally making
some headway in the US market. Although the company only shifted 1.4
million phones in North America this summer, that's nearly four times as
many as this time last year.
Nokia revealed the numbers today in its Q3 results for the three months
from July to September. Net sales for Q3 totalled 5.7 billion euros
($7.845 billion), as the total number of units sold, including both
smart phones and feature phones, rose by 4 per cent to 55.8 million.
Operating profit was 118 million euros ($162.4 million).
Nokia sold 7.4 million Lumia phones in the previous quarter, but still made a Q2 loss of 115 million euros ($150 million).
Over the whole of 2013 so far, from January to September, Nokia's total sales fell 22 per cent.
It's been a tumultuous few months for what was once the biggest phone
manufacturer in the world. Nokia's Windows Phone partner Microsoft is to
cement its relationship with the ailing Finnish firm by buying Nokia's device and services division for $7 billion -- but Nokia CEO Stephen Elop has been criticised by the Finnish government over his "quite outrageous" bonus.
The deal is expected to be finalised at a shareholder meeting on 19 November in Helsinki.
Nokia is forging ahead with new devices, launching its first
tablet, the Lumia 2520, alongside the Lumia 1520 and 1320 smart phones last week. CNET met Stephen Elop at the launch of the new phones, where he told us "our challenge is to get you to try (Windows Phone and Windows RT) in the first place."
sold 8.8 million Lumia phones in the last three months, a nearly 20 per
cent increase driven by the success of the wallet-friendly Lumia 520
Nokia sold 8.8 million Lumia phones in the last three months, a 19 per cent increase over
previous numbers driven in large part by the success of the
wallet-friendly Lumia 520.
And Nokia appears to be finally making
some headway in the US market. Although the company only shifted 1.4
million phones in North America this summer, that's nearly four times as
many as this time last year.
Nokia revealed the numbers today in its Q3 results for the three months
from July to September. Net sales for Q3 totalled 5.7 billion euros
($7.845 billion), as the total number of units sold, including both
smart phones and feature phones, rose by 4 per cent to 55.8 million.
Operating profit was 118 million euros ($162.4 million).
Nokia sold 7.4 million Lumia phones in the previous quarter, but still made a Q2 loss of 115 million euros ($150 million).
Over the whole of 2013 so far, from January to September, Nokia's total sales fell 22 per cent.
It's been a tumultuous few months for what was once the biggest phone
manufacturer in the world. Nokia's Windows Phone partner Microsoft is to
cement its relationship with the ailing Finnish firm by buying Nokia's device and services division for $7 billion -- but Nokia CEO Stephen Elop has been criticised by the Finnish government over his "quite outrageous" bonus.
The deal is expected to be finalised at a shareholder meeting on 19 November in Helsinki.
Nokia is forging ahead with new devices, launching its first
tablet, the Lumia 2520, alongside the Lumia 1520 and 1320 smart phones last week. CNET met Stephen Elop at the launch of the new phones, where he told us "our challenge is to get you to try (Windows Phone and Windows RT) in the first place."
Saturday 12 October 2013
watch online Pakistan vs south Africa T20
Posted by Anonymous on 06:28
watch online Pakistan vs south Africa
Ptv sports
sky sports
ten sports
watch online
download
Ptcl tv channel pack
click here
Shahid Afridi is hopping his centruy against south afraica
New Google Terms of Service
Posted by Anonymous on 00:18
Google Terms of Service
This Google Terms of Service will be effective November 11, 2013, and will replace the existing Google Terms of Service. Please see our summary of changes for additional details.
Last modified: November 11, 2013 (view archived versions)
Welcome to Google!
Thanks for using our products and services (“Services”). The Services are provided by Google Inc. (“Google”), located at 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States. By using our Services, you are agreeing to these terms. Please read them carefully.
Our Services are very diverse, so sometimes additional terms or product requirements (including age requirements) may apply. Additional terms will be available with the relevant Services, and those additional terms become part of your agreement with us if you use those Services.
Using our Services
You must follow any policies made available to you within the Services.Don’t misuse our Services. For example, don’t interfere with our Services or try to access them using a method other than the interface and the instructions that we provide. You may use our Services only as permitted by law, including applicable export and re-export control laws and regulations. We may suspend or stop providing our Services to you if you do not comply with our terms or policies or if we are investigating suspected misconduct.
Using our Services does not give you ownership of any intellectual property rights in our Services or the content you access. You may not use content from our Services unless you obtain permission from its owner or are otherwise permitted by law. These terms do not grant you the right to use any branding or logos used in our Services. Don’t remove, obscure, or alter any legal notices displayed in or along with our Services.
Our Services display some content that is not Google’s. This content is the sole responsibility of the entity that makes it available. We may review content to determine whether it is illegal or violates our policies, and we may remove or refuse to display content that we reasonably believe violates our policies or the law. But that does not necessarily mean that we review content, so please don’t assume that we do.
In connection with your use of the Services, we may send you service announcements, administrative messages, and other information. You may opt out of some of those communications.
Some of our Services are available on mobile devices. Do not use such Services in a way that distracts you and prevents you from obeying traffic or safety laws.
Your Google Account
You may need a Google Account in order to use some of our Services. You may create your own Google Account, or your Google Account may be assigned to you by an administrator, such as your employer or educational institution. If you are using a Google Account assigned to you by an administrator, different or additional terms may apply and your administrator may be able to access or disable your account.To protect your Google Account, keep your password confidential. You are responsible for the activity that happens on or through your Google Account. Try not to reuse your Google Account password on third-party applications. If you learn of any unauthorized use of your password or Google Account, follow these instructions.
Privacy and Copyright Protection
Google’s privacy policies explain how we treat your personal data and protect your privacy when you use our Services. By using our Services, you agree that Google can use such data in accordance with our privacy policies.We respond to notices of alleged copyright infringement and terminate accounts of repeat infringers according to the process set out in the U.S. Digital Millennium Copyright Act.
We provide information to help copyright holders manage their intellectual property online. If you think somebody is violating your copyrights and want to notify us, you can find information about submitting notices and Google’s policy about responding to notices in our Help Center.
Your Content in our Services
Some of our Services allow you to submit content. You retain ownership of any intellectual property rights that you hold in that content. In short, what belongs to you stays yours.When you upload or otherwise submit content to our Services, you give Google (and those we work with) a worldwide license to use, host, store, reproduce, modify, create derivative works (such as those resulting from translations, adaptations or other changes we make so that your content works better with our Services), communicate, publish, publicly perform, publicly display and distribute such content. The rights you grant in this license are for the limited purpose of operating, promoting, and improving our Services, and to develop new ones. This license continues even if you stop using our Services (for example, for a business listing you have added to Google Maps). Some Services may offer you ways to access and remove content that has been provided to that Service. Also, in some of our Services, there are terms or settings that narrow the scope of our use of the content submitted in those Services. Make sure you have the necessary rights to grant us this license for any content that you submit to our Services.
If you have a Google Account, we may display your Profile name, Profile photo, and actions you take on Google or on third-party applications connected to your Google Account (such as +1’s, reviews you write and comments you post) in our Services, including displaying in ads and other commercial contexts. We will respect the choices you make to limit sharing or visibility settings in your Google Account. For example, you can choose your settings so your name and photo do not appear in an ad.
You can find more information about how Google uses and stores content in the privacy policy or additional terms for particular Services. If you submit feedback or suggestions about our Services, we may use your feedback or suggestions without obligation to you.
About Software in our Services
When a Service requires or includes downloadable software, this software may update automatically on your device once a new version or feature is available. Some Services may let you adjust your automatic update settings.Google gives you a personal, worldwide, royalty-free, non-assignable and non-exclusive license to use the software provided to you by Google as part of the Services. This license is for the sole purpose of enabling you to use and enjoy the benefit of the Services as provided by Google, in the manner permitted by these terms. You may not copy, modify, distribute, sell, or lease any part of our Services or included software, nor may you reverse engineer or attempt to extract the source code of that software, unless laws prohibit those restrictions or you have our written permission.
Open source software is important to us. Some software used in our Services may be offered under an open source license that we will make available to you. There may be provisions in the open source license that expressly override some of these terms.
Modifying and Terminating our Services
We are constantly changing and improving our Services. We may add or remove functionalities or features, and we may suspend or stop a Service altogether.You can stop using our Services at any time, although we’ll be sorry to see you go. Google may also stop providing Services to you, or add or create new limits to our Services at any time.
We believe that you own your data and preserving your access to such data is important. If we discontinue a Service, where reasonably possible, we will give you reasonable advance notice and a chance to get information out of that Service.
Our Warranties and Disclaimers
We provide our Services using a commercially reasonable level of skill and care and we hope that you will enjoy using them. But there are certain things that we don’t promise about our Services.OTHER THAN AS EXPRESSLY SET OUT IN THESE TERMS OR ADDITIONAL TERMS, NEITHER GOOGLE NOR ITS SUPPLIERS OR DISTRIBUTORS MAKE ANY SPECIFIC PROMISES ABOUT THE SERVICES. FOR EXAMPLE, WE DON’T MAKE ANY COMMITMENTS ABOUT THE CONTENT WITHIN THE SERVICES, THE SPECIFIC FUNCTIONS OF THE SERVICES, OR THEIR RELIABILITY, AVAILABILITY, OR ABILITY TO MEET YOUR NEEDS. WE PROVIDE THE SERVICES “AS IS”.
SOME JURISDICTIONS PROVIDE FOR CERTAIN WARRANTIES, LIKE THE IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. TO THE EXTENT PERMITTED BY LAW, WE EXCLUDE ALL WARRANTIES.
Liability for our Services
WHEN PERMITTED BY LAW, GOOGLE, AND GOOGLE’S SUPPLIERS AND DISTRIBUTORS, WILL NOT BE RESPONSIBLE FOR LOST PROFITS, REVENUES, OR DATA, FINANCIAL LOSSES OR INDIRECT, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES.TO THE EXTENT PERMITTED BY LAW, THE TOTAL LIABILITY OF GOOGLE, AND ITS SUPPLIERS AND DISTRIBUTORS, FOR ANY CLAIMS UNDER THESE TERMS, INCLUDING FOR ANY IMPLIED WARRANTIES, IS LIMITED TO THE AMOUNT YOU PAID US TO USE THE SERVICES (OR, IF WE CHOOSE, TO SUPPLYING YOU THE SERVICES AGAIN).
IN ALL CASES, GOOGLE, AND ITS SUPPLIERS AND DISTRIBUTORS, WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE THAT IS NOT REASONABLY FORESEEABLE.
Business uses of our Services
If you are using our Services on behalf of a business, that business accepts these terms. It will hold harmless and indemnify Google and its affiliates, officers, agents, and employees from any claim, suit or action arising from or related to the use of the Services or violation of these terms, including any liability or expense arising from claims, losses, damages, suits, judgments, litigation costs and attorneys’ fees.About these Terms
We may modify these terms or any additional terms that apply to a Service to, for example, reflect changes to the law or changes to our Services. You should look at the terms regularly. We’ll post notice of modifications to these terms on this page. We’ll post notice of modified additional terms in the applicable Service. Changes will not apply retroactively and will become effective no sooner than fourteen days after they are posted. However, changes addressing new functions for a Service or changes made for legal reasons will be effective immediately. If you do not agree to the modified terms for a Service, you should discontinue your use of that Service.If there is a conflict between these terms and the additional terms, the additional terms will control for that conflict.
These terms control the relationship between Google and you. They do not create any third party beneficiary rights.
If you do not comply with these terms, and we don’t take action right away, this doesn’t mean that we are giving up any rights that we may have (such as taking action in the future).
If it turns out that a particular term is not enforceable, this will not affect any other terms.
The laws of California, U.S.A., excluding California’s conflict of laws rules, will apply to any disputes arising out of or relating to these terms or the Services. All claims arising out of or relating to these terms or the Services will be litigated exclusively in the federal or state courts of Santa Clara County, California, USA, and you and Google consent to personal jurisdiction in those courts.
For information about how to contact Google, please visit our contact page.
Sunday 6 October 2013
REPORT ABOUT DMCA Disclamer OF PDF WORLD
Posted by Anonymous on 22:54
DMCA Disclamer
Pdf-World.net produce automated search results like Google or Yahooand every search may return unwanted or unexpected references.
These references may contain offensive, obscene, or illegal material.
Pdf-World.net just links to ( AND NOT IN ANY WAY PUBLISH!) content
supplied by third parties or generally available on the Internet,
Pdf-World.net has no more editorial control over such information than
does a public library, bookstore, or newsstand.
Any information, opinion, advice, statement, service, offer, or other
materials or content are the property and
responsibility of their respective author(s) or distributor(s) and NOT of Pdf-World.net.
The information contained in Pdf-World.net databases may not be used,
copied, distributed, sublicensed, modified, rented, altered, reverse engineered
or recompiled in any way without written permission from the owner.
We respect Copyright laws, if you have found the pirated link to your
copyright titles/books, please report to us via pdf.dmca@gmail.com
We will remove pirated links in 3-5 business days, and also redirect traffic
of copyrighted search terms to the Amazon bookstore which has been welcomed by many copyright owners.
Firefox Crushing running imacros[solved]
Posted by Anonymous on 22:30
Firefox Crushing running imacros[solved]
Firefox Crushing running imacros[solved]New version of firefox crushing if you using imacros script why? actually I dont know.But in my case I have resolve this problem,
There are two option I have found in order to stop crushing firefox.
1.Use stable old firefox or you can use google chrome
2.If you are using imacros script which are written in java script then it will crash.So stop using java script imacros .js extension.If you are using normal script .imm then it firefox will not crashed.
I am looking for better answer,so if anybody here can fixed the problem in other method please share with us,
Thanks
Design duel: iPhone 5S takes the Moto X
Posted by Anonymous on 22:25
Design duel: iPhone 5S takes the Moto X
The Moto X is a good phone, but it doesn't reach the rarefied industrial-design heights of the 5S.
It's not easy to design a good-looking phone. A quick comparison between the iPhone 5S and Moto X shows why. While beauty is subjective, some designs are clearly better than others. The HTC One is gorgeous by most accounts, including CNET Reviews' take.
And the Samsung Galaxy S4 is obviously a looker for many.
The Moto X -- which I recently picked up from Verizon -- is another decent design; CNET Reviews calls it "well-crafted."
I wouldn't disagree with that assessment. But an iPhone it is not.
Again, I'm talking about industrial design, not features. Physical-design discussions are not the stuff of reviews. They focus on features. But a good physical design can tip the balance between two products equally matched on specs.
And Apple is good at tipping that balance. Steve Jobs made sure of that.
Let's put it this way: When I took the Moto X home and had time to compare it with the iPhone (and other phones), I was surprised at how inconspicuous it was.
The "space-gray" iPhone 5S hardly has that problem. (I don't think it's my imagination, but the 5S looks even better to me than the 5. I concur with the breakdown of the 5S design done here.)
The point: after you buy a product and get past the giddiness about the features, you're left with the physical design.
That makes the iPhone a keeper for me.
Google works to demote mug shot sites in search results
Posted by Anonymous on 22:22
Google works to demote mug shot sites in search results
While legal, many Web sites charge fees to have removed the very images the sites posted themselves
Getting arrested is usually an unpleasant occurrence most people would probably just like to forget. Changes Google is making could help them do that. Even after criminal cases have been resolved, the uncomfortable memory of that event lingers -- quite publicly -- thanks to for-profit Web sites that repost mug shots obtained from local law enforcement agencies. While this certainly sounds like a service that would benefit the public, especially in the case of repeat offenders of serious crimes, remnants of less-serious run-ins with the police can often haunt people for years -- regardless of guilt -- resulting in lost job or housing opportunities.
These sites often charge people $400 or more for an "unpublish service" to remove their images. But compounding the pain for many is their popularity in Google search results. Once a name that appears on a mug shot site is keyed into a query, images of that mug shot appear high in results.
While The New York Times noted that these sites are legal, the newspaper wondered why Google was rewarding them with favorable search result rankings, especially since the search giant's rules favor original content over images and text taken from a third party. After being contacted by the Times last week for an explanation, a spokesperson for the search giant initially said the company empathized for those affected by mug shot sites, but "with very narrow exceptions, we take down as little as possible from search."
Saying he was originally unaware of an effort to combat this situation, the Google spokesperson wrote back a few days to say company engineers were tinkering with its search algorithms to deal with the issue.
"Our team has been working for the past few months on an improvement to our algorithms to address this overall issue in a consistent way," he said. "We hope to have it out in the coming weeks."
Google isn't alone with its efforts; the payments backbone of the commerce on the Internet is also cutting off mug shot sites. After a few days reviewing the issue, officials at MasterCard told the Times that they found the activity "repugnant" and had urged the merchant bank that handles those accounts to end those relationships. PayPal had a similar response, as did American Express and Discover.
Nielsen to roll out Twitter ratings for TV shows on Monday
Posted by Anonymous on 22:19
Nielsen to roll out Twitter ratings for TV shows on Monday
The goal of the "Nielsen Twitter TV Ranking" will be to measure the unique audience tweeting about individual programs.
Television networks have been tapping Twitter hashtags for a couple of years to drum up more buzz for their programs. However, new Nielsen data shows that programs with the greatest Twitter activity does not always correlate to programs with the highest ratings, according to the Wall Street Journal. That is one of the takeaways from data Nielsen will begin publishing on Monday, ranking shows with the greatest traction on the microblogging social network. The goal of the "Nielsen Twitter TV Ranking," which the companies announced last December, will be to measure the unique audience tweeting about individual programs.
While the data shows that the social network's younger user base has very different tastes than the overall TV-viewing audience, marketers see opportunity in knowing which shows have traction with Twitter users. The thinking is that more Twitter engagement will translate into greater attention for the program's advertisements.
Tapping entertainment avenues could generate big ad revenue for Twitter, which filed for a $1 billion initial public offering last week. In addition to its music platform, the company has been ramping up content partnerships with TV networks.
Twitter signed a deal with CBS (the parent company of CNET) last month that will enable the TV network to embed video clips from a wide variety of its shows in its tweets. The partnership is part of Twitter's Amplify program, which presents the social network's users with video clips provided by its TV partners, accompanied by short advertisements. The Amplify partners, in turn, target their videos at their users with promoted tweets.
Tuesday 1 October 2013
Watch live Pakistan vs India 2 october 2013
Posted by Unknown on 10:15
Watch live Pakistan vs India 2 october 2013
The real match is near to began with full Drama entertainment
and horro
what are you waiting for ??
then just go and download
all tv channel free and for ever .
just for specialy desing for you pc
just download
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life time Entertainment for you
The real match is near to began with full Drama entertainment
and horro
what are you waiting for ??
then just go and download
all tv channel free and for ever .
just for specialy desing for you pc
just download
and extractand enjoye .
life time Entertainment for you
Tuesday 3 September 2013
Why it's time to profit excited about IFA 2013
Posted by Anonymous on 06:49
Why it's time to profit excited about IFA 2013
Stand by for action from IFA 2013, where the Samsung Gear smartwatch leads the coolest kit from the titans of technology.
Time to profit excited, tech fans: we're just days away from IFA 2013, the gadget extravaganza where the new Samsung Galaxy Gear smartwatch will lead a torrent of new and exciting technology. With our heady mix of live blogs, thrilling video, and expert hands-on First Takes, you'll be right at the heart of the action.
IFA is an industry trade show held every year in Germany, bringing together the world's technology titans at an event considered to be the European CES. Around 240,000 gadget fans flock to Berlin each year to join the scarlet-tressed Miss IFA alongside 1,439 companies from 57 countries, flaunting their coolest new stuff in a 142,200-square-metre smorgasbord of tip-summit tech, from the smallest phone to the biggest television.
Check out our IFA hub for every our live blogs, videos, hands-on first takes and more
Live and direct
We'll be bringing you the very latest from press conferences and spectacular product-packed booths courtesy of Alcatel, Acer, Archos, Asus, Braun, HTC, Intel, Lenovo, LG, Loewe, Panasonic, Philips, Samsung, Sharp, Sony, Toshiba, and many more.
The show itself is open to the public on September 6, but the action kicks off midweek with a swathe of suspense-filled press conferences from every the biggest names in technology, finally unveiling the coolest gadgets you'll be getting worked up about as we hurtle toward the end of the year.
We'll serve you piping-hot live blogs bubbling with the latest news from Sony and Samsung -- and we've reserved you a front-row seat for the hotly anticipated Samsung Unpacked extravaganza.
Pictures, video, and every the coolest kit
The crimson-topped Miss IFA is upon hand to show off the summit products at the annual technology extravaganza in Berlin.
(Credit: IFA)
Before the last echo of applause has faded from each press conference, we'll bring you your first see at each gleaming new product in glorious hands-upon pictures and video.
Samsung has traditionally chosen IFA to unveil a new Galaxy Note phablet, and we're expecting this year to be no exception. Even more exciting, alongside the Samsung Galaxy Note 3, we're readying our wrists for the hotly tipped Samsung Galaxy Gear Android smartwatch.
Other chilly kit set to take a bow in just a few days include the Sony Xperia Z1 Honami, as well as assorted phones, tablets, TVs, home appliances, and wacky laptops.
What new tech are you hoping to look at IFA? Let me know in the comments under.
Nokia: Selling phone business to Microsoft painful but necessary
Posted by Anonymous on 06:39
Nokia: Selling phone business to Microsoft painful but necessary
Outgoing CEO Stephen Elop, who'll head back to Microsoft with the $7.2 billion acquisition, says Nokia didn't have enough clout on its own to rise again in the mobile market.
he decision to sell Nokia's devices and services division to Microsoft for $7.2 billion was a hard choice, but market dynamics meant it was the only practical one, the Finnish company's outgoing CEO Stephen Elop and interim CEO Risto Siilasmaa said Tuesday.
"We need more combined muscle to truly fracture through with consumers," Elop said in a press conference in Espoo, Finland, where Nokia has its headquarters. "I share the frustration that comes from being so far behind two very large competitors," he added, referring to Apple's iOS Google's Android, but argued that "our goal of becoming the third ecosystem is becoming real." Elop moved from Microsoft to Nokia to become its CEO three years ago, but Nokia announced today he's stepping down to become executive vice president of the devices and services business. And with the deal's expected closure in the first quarter of 2014, he'll carry that title back to Microsoft, where he stands a chance at becoming the chief executive who'll replace Steve Ballmer.
The deal, if it passes regulatory approvals, will profoundly change the mobile market, transforming Microsoft into more of an Apple-like company with integrated hardware and software. It's the thesame move that Google made by acquiring Motorola Mobility, too.
Of course, it's not the first time Elop has said extreme measures are required. To pave the way for the deep Microsoft-Nokia partnership around Windows Phone two and a half years ago, he penned the "burning platform" memo that said Nokia was like a person who must leap off a burning oil platform into an cold sea in order to survive. Those were bold words, and the Microsoft partnership that followed was bold too -- bold enough to recommend it could be a prelude to a merger. But it wasn't enough to rescue Nokia.
Without mobile phones, a market Nokia once dominated worldwide, Nokia will see very different, concentrating on its Nokia Here online mapping service and on the mobile broadband technology it sells to 600 carriers in 120 countries, with about 32,000 employees transferring to Microsoft. Ballmer, who will retire as Microsoft CEO within a year, also touted the deal from Finland.
"Sales of Nokia Windows Phones have gone from zero, two years ago, to 7.4 million units in the most recently reported quarter," Ballmer said. "Now is the time to construct upon this momentum and accelerate it further. This transaction will...strengthen the overall opportunity for us to create a family of devices and services, for individuals and business, that empower people around the globe, at house and upon the go, for the activities they value most."
The decision to sell off such a high-profile part of the company was "rational" but emotionally hard, said Siilasmaa, who is chairman of Nokia's board of directors.
"It's evident Nokia doesn't have the resources to fund the required acceleration across mobile phones and intellectual devices," he said. "Nokia has done good work, however, the industry is becoming a duopoly with the leaders building significant momentum at a scale not seen before."
Nokia's fortunes were tied to Microsoft's, but Microsoft was in a tough situation, too, Siiasmaa added.
"We cannot expect other vendors to invest as Nokia has grown to dominate Windows Phone," he said, impairing efforts to build a broad ecosystem of hardware and software around the operating system, and Microsoft's decision to sell its own Surface tablet hardware in 2012 also sent a strong signal to Nokia.
Risto Siilasmaa, chairman of Nokia's board of directors and its new interim CEO, speaks at a press conference about selling Nokia's phone business to Microsoft.
Risto Siilasmaa, chairman of Nokia's board of directors and its new interim CEO, speaks at a press conference about selling Nokia's phone business to Microsoft.
(Credit: screenshot by Stephen Shankland/CNET)
Nokia made the decision primarily based upon what's best for Nokia shareholders, Siilasmaa said. The deal will be accretive to Nokia's profits, he said. For the first half of 2013, Nokia's profit margin of 4 percent would have been 12 percent under the deal, said Chief Financial Officer and and interim President Timo Ihamuotila.
Microsoft also lengthy Nokia 1.5 billion euros ($2 billion) of credit, a deal that will go ahead even if the mobile-phone business unit fails. It's split into three 500-million euro tranches due to be paid back in five, six, and seven years.
Nokia, a 150-year-old company that's a fixture in Finland, will see very different split into its new businesses and the middle of Microsoft's European operations. Ballmer, Elop, and Siilasmaa made the case to Finnish employees, citizens, and regulators that the deal makes sense as the best way to provide job security for Finnish workers and economic strength for Finland.
"We are changing Nokia and what it stands for -- for us, for Finland and for our consumers," Elop said.
Siilasmaa, too, encouraged Finns to hug the change.
"Fifteen months ago, when I was nominated to lead the Nokia board of directors, I could not foresee this particular way for Nokia to be reborn. It was a very emotional decision for me. I believe today marks a day of reinvention for Nokia," he said. "This is the beginning of the next 150 years of Nokia's story."
Updated at 2:27 a.m. PT, 2:43 p.m. PT, and 3:26 a.m. PT to add further background and information and to correct the amount of Microsoft's credit outstretched to Nokia. It elongated credit of 1.5 billion euros.
Topics:
Smartphones,
Nokia,
Corporate and legal,
Windows Phone
Tags:
acquisition,
Microsoft,
Stephen Elop,
Nokia,
Steve Ballmer,
management
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Outgoing CEO Stephen Elop, who'll head back to Microsoft with the $7.2 billion acquisition, says Nokia didn't have enough clout on its own to rise again in the mobile market.
he decision to sell Nokia's devices and services division to Microsoft for $7.2 billion was a hard choice, but market dynamics meant it was the only practical one, the Finnish company's outgoing CEO Stephen Elop and interim CEO Risto Siilasmaa said Tuesday.
"We need more combined muscle to truly fracture through with consumers," Elop said in a press conference in Espoo, Finland, where Nokia has its headquarters. "I share the frustration that comes from being so far behind two very large competitors," he added, referring to Apple's iOS Google's Android, but argued that "our goal of becoming the third ecosystem is becoming real." Elop moved from Microsoft to Nokia to become its CEO three years ago, but Nokia announced today he's stepping down to become executive vice president of the devices and services business. And with the deal's expected closure in the first quarter of 2014, he'll carry that title back to Microsoft, where he stands a chance at becoming the chief executive who'll replace Steve Ballmer.
The deal, if it passes regulatory approvals, will profoundly change the mobile market, transforming Microsoft into more of an Apple-like company with integrated hardware and software. It's the thesame move that Google made by acquiring Motorola Mobility, too.
Of course, it's not the first time Elop has said extreme measures are required. To pave the way for the deep Microsoft-Nokia partnership around Windows Phone two and a half years ago, he penned the "burning platform" memo that said Nokia was like a person who must leap off a burning oil platform into an cold sea in order to survive. Those were bold words, and the Microsoft partnership that followed was bold too -- bold enough to recommend it could be a prelude to a merger. But it wasn't enough to rescue Nokia.
Without mobile phones, a market Nokia once dominated worldwide, Nokia will see very different, concentrating on its Nokia Here online mapping service and on the mobile broadband technology it sells to 600 carriers in 120 countries, with about 32,000 employees transferring to Microsoft. Ballmer, who will retire as Microsoft CEO within a year, also touted the deal from Finland.
"Sales of Nokia Windows Phones have gone from zero, two years ago, to 7.4 million units in the most recently reported quarter," Ballmer said. "Now is the time to construct upon this momentum and accelerate it further. This transaction will...strengthen the overall opportunity for us to create a family of devices and services, for individuals and business, that empower people around the globe, at house and upon the go, for the activities they value most."
The decision to sell off such a high-profile part of the company was "rational" but emotionally hard, said Siilasmaa, who is chairman of Nokia's board of directors.
"It's evident Nokia doesn't have the resources to fund the required acceleration across mobile phones and intellectual devices," he said. "Nokia has done good work, however, the industry is becoming a duopoly with the leaders building significant momentum at a scale not seen before."
Nokia's fortunes were tied to Microsoft's, but Microsoft was in a tough situation, too, Siiasmaa added.
"We cannot expect other vendors to invest as Nokia has grown to dominate Windows Phone," he said, impairing efforts to build a broad ecosystem of hardware and software around the operating system, and Microsoft's decision to sell its own Surface tablet hardware in 2012 also sent a strong signal to Nokia.
Risto Siilasmaa, chairman of Nokia's board of directors and its new interim CEO, speaks at a press conference about selling Nokia's phone business to Microsoft.
Risto Siilasmaa, chairman of Nokia's board of directors and its new interim CEO, speaks at a press conference about selling Nokia's phone business to Microsoft.
(Credit: screenshot by Stephen Shankland/CNET)
Nokia made the decision primarily based upon what's best for Nokia shareholders, Siilasmaa said. The deal will be accretive to Nokia's profits, he said. For the first half of 2013, Nokia's profit margin of 4 percent would have been 12 percent under the deal, said Chief Financial Officer and and interim President Timo Ihamuotila.
Microsoft also lengthy Nokia 1.5 billion euros ($2 billion) of credit, a deal that will go ahead even if the mobile-phone business unit fails. It's split into three 500-million euro tranches due to be paid back in five, six, and seven years.
Nokia, a 150-year-old company that's a fixture in Finland, will see very different split into its new businesses and the middle of Microsoft's European operations. Ballmer, Elop, and Siilasmaa made the case to Finnish employees, citizens, and regulators that the deal makes sense as the best way to provide job security for Finnish workers and economic strength for Finland.
"We are changing Nokia and what it stands for -- for us, for Finland and for our consumers," Elop said.
Siilasmaa, too, encouraged Finns to hug the change.
"Fifteen months ago, when I was nominated to lead the Nokia board of directors, I could not foresee this particular way for Nokia to be reborn. It was a very emotional decision for me. I believe today marks a day of reinvention for Nokia," he said. "This is the beginning of the next 150 years of Nokia's story."
Updated at 2:27 a.m. PT, 2:43 p.m. PT, and 3:26 a.m. PT to add further background and information and to correct the amount of Microsoft's credit outstretched to Nokia. It elongated credit of 1.5 billion euros.
Topics:
Smartphones,
Nokia,
Corporate and legal,
Windows Phone
Tags:
acquisition,
Microsoft,
Stephen Elop,
Nokia,
Steve Ballmer,
management
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Friday 23 August 2013
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