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Nokia ‘s first cuts will see the company’s research & development team targeted, the company’s CFO has confirmed, with sales and marketing next in line as around 10,000 jobs are trimmed . Speaking on Nokia Q&A call this morning, Chief Financial Officer Rick Simonson outlined the company’s plans to shed staff and save money amid the difficult transition from Symbian to Windows Phone. However, job losses aren’t the only way Nokia is considering saving cash. “We have many valuable patent families” Simonson pointed out, and suggested that Nokia would, in the right circumstances, consider selling them off. “With the right price,” he said, “we would sell.” Stephen Elop, Nokia’s CEO, had already confirmed earlier in the call that certain R&D projects underway at the company would be “heavily impacted” by the job cuts. However, he refused to be drawn on specifics; asked about Meltimi , the oft-rumored new featurephone platform that is tipped to be based on the same underlying kern...

Nokia faces a  class-action suit  by shareholders displeased at how the Finnish company’s transition to Windows Phone has evolved, claiming Nokia execs are responsible for mismanaging the evolution. “[Nokia executives] told investors that Nokia’s conversion to a Windows platform would halt its deteriorating position in the smartphone market” the suit, filed in New York by Robbins Geller Rudman & Dowd LLP, says. ”It did not.” Specifically, the case argues Nokia’s leadership team violated certain parts of the Securities Exchange Act of 1934  [pdf link], though does not indicate which sections it is referring to. Anybody who bought Nokia stock between October 26, 2011 and April 10, 2012, is invited to join the suit. “The complaint alleges that during the Class Period, defendants told investors that Nokia’s conversion to a Windows platform would halt its deteriorating position in the smartphone market. It did not. This became apparent on April 11, 2012, when Nokia disclosed that its fi...

In a slip of the tongue that was quickly denied by both Microsoft and the main corporate arm of Nokia, the French division of the Finnish giant appeared to state that Windows 8 tablets could be in the market as early as June of 2012. That is months before the expected third quarter release that the operating system has been rumored to be set to follow for the past few months. The comment itself was slightly ambiguous, but it did seem to clearly state that Nokia is going to have built functional Windows 8 tablets by next June. If the devices in question will be mere internal, research devices, or mass market slates in the hands on the general public is not clear. As Microsoft and Nokia have both denied this information, it will be impossible to confirm which interpretation was meant. However what this information does accomplish is to affirm what we have been speculating over ceaselessly, in two ways: Primarily, Windows 8 is landing next year, and secondly,...

While the world is still getting its mind around the Lumia 710 and 800, the current Nokia Windows Phone handsets, another is potentially on the horizon. A video that Nokia ‘leaked’ a few days past had a new handset in it, causing a wave of speculation over just what phone it was, and if it would be released commercially. After all, if so, it could be headed for the US market, a location that Nokia isn’t planning to hit hard until next year. Enter the Lumia 601, a phone that we now have a potential image of. We’ll show you the picture, and then get into what it might mean: It’s an interesting image. Is it real? We aren’t sure, but it certainly appears to be plausible. The Nokia Blog has an interesting, and important point to make on the hardware: “The camera module looks exactly like the one from the Nokia C7.” We checked the similarity, and found that while the two modules are very similar, minor differences do exist. Therefore, if the 601 is real, and this ...