Nokia Corporation
Nokia is the corporation, that produces mobile phones for every market and protocol(GSM, CDMA, and W-CDMA (UMTS)). President – Olli-Pekka Kallasvuo. The company's worldwide headquarters in Espoo, Finland, a Helsinki suburb. OMX: NOK1V, NYSE: NOK, FWB: NOA3.
Nokia comprises three business groups:
Mobile Phones connects people by providing expanding mobile voice and data capabilities across a wide range of mobile devices.
Multimedia gives people the ability to create, access, experience and share multimedia in the form of advanced mobile multimedia computers and applications with connectivity over multiple technology standards.
Enterprise Solutions offers businesses and institutions a broad range of products and solutions, including enterprise grade mobile devices, underlying security infrastructure, software and services.
Board of Directors Nokia Corporation
Since May 3, 2007, the Nokia Board of Directors has consisted of the following eleven members: Georg Ehrnrooth, Lalita D. Gupte, Daniel R. Hesse, Bengt Holmström, Henning Kagermann, Olli-Pekka Kallasvuo, Per Karlsson, Jorma Ollila, Marjorie Scardino, Keijo Suila and Vesa Vainio.
Chairman – Jorma Ollila;
Vice Chairman – Dame Marjorie Scardino;
The operations of the company are managed under the direction of the Board of Directors, within the framework set by the Finnish Companies Act and our articles of association and the complementary Corporate Governance Guidelines and related charters as adopted by the Board.
Annual Information – 2006 of Nokia Corporation
- Net sales of EUR – 41 121 million (EUR 34 191 million in 2005);
- Operating profit of EUR 5 488 million (EUR 4 639 million);
- Operating margin of 13.3% (13.6%);
- Earnings per share (diluted) of EUR – 1.05 (EUR 0.83);
- Nokia estimated device market share – 36%;
- At the end of 2006, Nokia had 14 manufacturing facilities in nine countries around the world, and a strong R&D presence in 11 countries;
- Nokia employed – 68,483 people at year-end.
|
Nokia's history
Nokia's history consists of 4 periods:
1. Nokia's first centure: 1865 - 1967;
2. The move to mobile: 1968-1991;
3. Mobile revolution: 1992-1999 and
4. Nokia now: 2000 - today.

Nokia's first centure: 1865 - 1967
The first Nokia century began with Fredrik Idestam's paper mill on the banks of the Nokianvirta river. Between 1865 and 1967, the company would become a major industrial force; but it took a merger with a cable company and a rubber firm to set the new Nokia Corporation on the path to electronics...
1865: The birth of Nokia
Fredrik Idestam establishes a paper mill at the Tammerkoski Rapids in south-western Finland, where the Nokia story begins.
Nokia started by making paper - the original communications technology.
The history of Nokia goes back to 1865. That was when Fredrik Idestam built a wood pulp mill on the banks of the Tammerkoski rapids, in southern Finland. A few years later, he built a second mill by the Nokianvirta river - the place that gave Nokia its name.
1898: Finnish Rubber Works founded.Arvid Wickström founds Finnish Rubber Works, which will later become Nokia's rubber business.
1912: Finnish Cable Works founded. Eduard Polön starts Finnish Cable Works, the foundation of Nokia's cable and electronics businesses.
1960: First electronics department. Cable Works establishes its first electronics department, selling and operating computers.
1962: First in-house electrical device. The Cable Works electronics department produces its first in-house electrical device - a pulse analyzer for nuclear power plants.
1967: Nokia Ab, Finnish Rubber Works and Finnish Cable works formally merge to create Nokia Corporation. At the time, Nokia Ab was the smallest of the three.The new Nokia Corporation had five businesses:
rubber, cable, forestry, electronics and power generation.
The move to mobile: 1968-1991
The newly formed Nokia Corporation was ideally positioned for a pioneering role in the early evolution of mobile communications.
1981: The mobile era begins. Nordic Mobile Telephone (NMT), the first international mobile phone network, is built.
1982: Nokia makes its first digital telephone switch. The Nokia DX200, the company's first digital telephone switch, goes into operation.
1991: GSM - a new mobile standard opens up. Nokia equipment is used to make the world's first GSM call. On July 1, 1991, Finnish Prime Minister Harri Holkeri made the world's first GSM call, using Nokia equipment.
From the start, Nokia was one of the key developers of GSM technology. GSM – The Global System for Mobile communications, was adopted in 1987 as the European standard for digital mobile technology. This second generation mobile technology could carry data as well as voice traffic.
By the end of the 1990s, Nokia had supplied GSM systems to more than 90 operators all over the world.
Mobile revolution: 1992-1999
In 1992, Nokia decided to focus on its telecommunications business.
1992: Nokia's first GSM handset. Nokia launches its first GSM handset, the Nokia 1011.
1994: Nokia Tune is launched. Nokia launches the 2100, the first phone to feature the Nokia Tune.
1994: World's first satellite call. The world's first satellite call is made, using a Nokia GSM handset.
1997: Snake - a classic mobile game. The Nokia 6110 is the first phone to feature Nokia's Snake game.
1998: Nokia leads the world. Nokia becomes the world leader in mobile phones.
1999: The Internet goes mobile. Nokia launches the world's first WAP handset, the Nokia 7110.
Nokia now: 2000 - today
Nokia's story continues with 3G, mobile multiplayer gaming, multimedia devices.
2002: First 3G phone. Nokia launches its first 3G phone, the Nokia 6650.
2003: Nokia launches the N-Gage. Mobile gaming goes multiplayer with the N-Gage.
2005: The Nokia Nseries is born. Nokia introduces the next generation of multimedia devices, the Nokia Nseries.
2005: The billionth Nokia phone is sold. Nokia sells its billionth phone - a Nokia 1100 - in Nigeria. Global mobile phone subscriptions pass 2 billion.
2006: A new President and CEO - Nokia today. Olli-Pekka Kallasvuo becomes Nokia's President and CEO; Jorma Ollila becomes Chairman of Nokia's board. Nokia and Siemens announce plans for Nokia Siemens Networks.
The next step in Nokia's continuing evolution is already under way. In June 2006, Nokia and Siemens announced plans to merge Nokia's networks business and the carrier-related operations of Siemens into a new company, to be called Nokia Siemens Networks.
As mobile usage grows in the world's emerging markets, Nokia will continue to develop affordable mobile devices that can contribute to increased economic growth and quality of life.
At the same time, mobile communications is converging with computing, digital imaging and the internet, making it possible for people to use handheld devices for filming video, listening to music, playing games, surfing the web and more. Nokia is shaping this converging industry, pushing it forward with cutting-edge products and the development of open standards.
Also Nokia has a research works with next universities:
- Tampere University of Technology, Finland;
- Helsinki University of Technology, Finland;
- University of Cambridge, United Kingdom;
- Massachusetts Institute of Technology, United States;
- Stanford University, United States.
You can find more information about Nokia Corporation on http://www.nokia.com/
Foreign Investment |
Multinational Corporations by country | by Index | Gold as an Investments | Top Diamond Companies | Portfolio of Investments
|