My Nokia Blog

---

• HTC President EMEA, Florian Seiche moves to Nokia, Shiv Shivakumar for Nokia MEA moves out
• Nokia gets Rs 2,000cr tax notice in India
• Press Release: Nokia reiterates longer-term financial targets in the published 2012 Annual Report

HTC President EMEA, Florian Seiche moves to Nokia, Shiv Shivakumar for Nokia MEA moves out Posted: 28 Mar 2013 06:20 PM PDT A bit of game of musical chairs. First up, Nokia’s getting something from HTCopypasta instead of the other way around in the shape of Florian Seiche, a name unfamiliar to me until now. He was HTC President of Europe, Middle East and Africa, and now he’s at Nokia to head up the European sales. See: Bloomberg (via: NG) Nokia’s own Middle East and Africa guy, Shiv Shivakumar, is however said to be moving out of Nokia. See: Taloussanomat Cheers Alvester and Pdexter for the tips Shiv Shivakumarz

Nokia gets Rs 2,000cr tax notice in India Posted: 28 Mar 2013 09:26 AM PDT The story of the day is the 2,000cr tax notice that Nokia’s received in India for alleged evasion of taxes.  The court granted Nokia an interim after the Finnish company filed a petition challenging the order.  On March 21st, Nokia was meant to pay within a week a sum of 2,000cr. That’s actually an equivalent of about 360 MILLION USD/300 M Euro. Quite a sum, considering Nokia invested 330 Million USD simply in the Chennai factory alone, it’s the last thing Nokia needs on its plate when balancing profitability. Nokia said it is in full compliance with the laws related to its business operations. Source: TimesOfIndia Cheers Alvester, Jiipee and ABA for the tip!

Press Release: Nokia reiterates longer-term financial targets in the published 2012 Annual Report Posted: 28 Mar 2013 09:18 AM PDT Nokia’s reiterating their long term goals in the annual report that’s available in PDF format at www.nokia.com/financials. This includes Board of Director reviews and the audited annual accounts. Press Release: http://press.nokia.com/2013/03/28/nokia-published-its-nokia-in-2012-annual-report-reiterating-its-longer-term-financial-targets/. You may also wish to click this for the forward looking statement. Financial targets (long term) for Nokia’s Devices and Services business as well as NSN:   Devices and Services NET sales growing faster than the market Devices and Servces Non-IFRS Operating margin to be 10% or larger. NSN continues to target between 5-10% for its non-IFRS operating margin   Longer-term, Nokia Siemens Networks continues to target for its non-IFRS operating margin to be between 5% and 10%.

You are subscribed to email updates from My Nokia Blog To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610