Nokia shares rise on Qualcomm deal (Reuters)
2008.07.24 -
Mobile Phones -
Source: RSS.NEWS.YAHOO.COM -
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HELSINKI (Reuters) - Shares in the world's top cellphone maker, Nokia (NOK1V.HE), rose on Thursday after it signed a patent agreement with U.S. firm Qualcomm (QCOM.O), ending three years of legal battles.
"I think it is good for Nokia. There have been a lot of uncertainties around this issue and all these are now removed," said Martti Larjo, an analyst with Nordea.
In a 15-year agreement, Nokia agreed to make an upfront payment and pay royalties to Qualcomm, but said payments per phone would fall.
The deal, which ends all legal cases between the two firms, covers the world's most widely used mobile phone technologies and some key emerging ones.
The companies did not reveal specific financial details but several analysts saw Nokia as the winner.
"Net royalty rate falls. This is the key positive statement here and this is seen in the share price," said eQ Bank analyst Jari Honko.
Shares in Nokia were 1.4 percent higher at 17.20 euros by 0717 GMT (3:17 a.m. EDT), outperforming firmer DJ Stoxx European technology index (.SX8P).
(Reporting by Tarmo Virki; Editing by Paul Bolding)
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TechWeb - Sharp said on Tuesday it has developed advanced LCD panels that would offer sharper moving images on portable devices such as mobile phones, pitting it against organic light-emitting diode (OLED) displays.
AFP - Nokia strengthened its position as the world's leading maker of mobile phones in the first quarter by upping its market share to 36 percent, though net profit slid seven percent, the group said on Thursday.
USATODAY.com - NEW YORK - Many of the 230 million cellphones being used in the USA today are equipped to handle text messages, take photos and access websites. But when it comes to marketing, phone companies haven't moved far beyond AT&T's famous pitch, "Reach out and touch someone."
Investor's Business Daily - Handset makers are racing to develop better mobile phone screens to meet expected demand for watching TV on the devices. In Japan, where TV on phones already is becoming commonplace, Sharp announced a fall release of phones featuring 2.2-inch screens that offer contrasts of 2,000:1, about 4 times greater than current top screens. The new phones also will be capable of receiving digital TV broadcasts, significantly expanding their capabilities since most phones are only able to show video downloaded from the Internet.
Reuters - Sharp Corp. (6753.T) said on Tuesday it has developed advanced LCD panels that would offer sharper moving images on portable devices such as mobile phones, pitting it against organic light-emitting diode (OLED) displays.
