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Update: Siemens Manager Siegfried Russwurm will replace Eduardo Montes

... Kallasvuo (Chairman of the Nokia Siemens Networks Board); Siemens CFO, Joe Kaeser; Nokia CFO, Rick Simonson; Member of the Siemens Managing Board and Head of Corporate HR, Siegfried Russwurm; Head of Nokia Operational Human Resources, Juha Äkräs; Executive Advisor to the CEO of Siemens AG, Rudi Lamprecht (Vice Chairman of the Nokia Siemens Networks Board) and Executive Vice President,...

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Nokia Siemens: Network Board of Director change

... Russwurm; Executive Vice President, Services & Software, Nokia, Niklas Savander; and Nokia CFO, Rick Simonson. We will always keep you up-to-date with director changes within the phone industry as and when we recieve the press releases.

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A Change in the Nokia Siemens Networks Board of Directors: Siemens Manager Siegfried Russwurm Replaces Eduardo Montes

... Russwurm; Executive Vice President, Services & Software, Nokia, Niklas Savander; and Nokia CFO, Rick Simonson. About Nokia (NYSE: ) Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation,...

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CORRECTED: Nokia warns on Q3 as price war bites, shares drop

(Corrects CFO's name in third paragraph to read Rick Simonson instead of Eric Simonsen)

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Nokia won't lose 'several points' of market share in quarter

LONDON (MarketWatch) -- Nokia Corp. Friday said it won't be losing several points of market share in the third quarter. Speaking to analysts on a conference call, Chief Financial Officer Rick Simonson also said that the delay in the ramp-up of one of its mid-range phones, which it said was partly responsible for the warning it issued Friday, was not caused by a systemic problem. The...

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Nokia losing market share

... certain aggressive pricing that we believe may not be sustainable," Nokia chief financial officer Rick Simonson told a conference call. "So it really is not margins. What we're talking about is units here," he said. Even below 20 per cent, Nokia's phones operating profit margin could still be superior to rivals -- margins at Samsung and LG were below 15 per cent in the second quarter,...

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Aggressive pricing by rivals forces Nokia to admit that market share is shrinking

... In an effort to maintain margins it left its prices higher at the expense of market share. Rick Simonson, Nokia’s chief financial officer, said: “In certain markets and in certain areas, including in some of the low end, we are meeting certain aggressive pricing that we believe may not be sustainable.” Related LinksThe shares fell €1.50, or 9.6 per cent, to €14.20 as a result of the...

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Nokia warns on Q3 as price war bites, shares dro

... certain aggressive pricing that we believe may not be sustainable," Nokia Chief Financial Officer Rick Simonson told a conference call."So it really is not margins. What we are talking about is units here," he added.HIGHER MARGINSEven below 20 percent, Nokia's phones operating profit margin could still be superior to rivals -- margins at Samsung and LG were below 15 percent in the...

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Nokia Feels The Heat

... back in July it had actually predicted flat sequential growth. Nokia's chief financial officer, Rick Simonson, said that the drop would be "slightly lower." The company's announcement gave several reasons for the slump: its refusal to participate in aggressive price cuts to fend off the competition, a slow production ramp-up for an unnamed "mid-range" device and also a tougher market...

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Nokia losing market share as price war bites

... certain aggressive pricing that we believe may not be sustainable," Nokia Chief Financial Officer Rick Simonson told a conference call."So it really is not margins. What we are talking about is units here," he added.STILL HIGHER MARGINSEven below 20 percent, Nokia's phones operating profit margin could still be superior to rivals -- margins at Samsung and LG were below 15 percent...

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Nokia shares slide after warning on market share

... certain aggressive pricing that we believe may not be sustainable," the chief financial officer Rick Simonson told analysts and journalists on a conference call."So it really is not margins. What we're talking about is units here," he added.The shares of handset maker fell 10.3 percent to €14.08 in late trading in Helsinki, the lowest level since late 2005.Today in Business with Reuters...

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How Green Are Its Pocketses

PW's Rick Simonson has some uncomfortable questions for Chelsea Green , the publisher who is wrapping itself in virtue and giving Amazon first dibs on its new Obama book at the same time. Fuse #8 has been hosting a serendipitous discussion on the propensity of book blogs to link to you-know who . I'm so old I remember when Amazon was cool.