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Nokia reportedly looking to sell Vertu, Russian oligarchs reportedly upset

It looks like Nokia has finally grown weary of the one percent. According to a report from the Financial Times , the Finnish manufacturer is looking to sell off its Vertu line of luxury handsets, as part of the firm’s ongoing restructuring process. Citing a source “familiar with the process,” the FT went on to explain that Goldman Sachs is overseeing the sale, though it’s still in a nascent stage of development.

It looks like Nokia has finally grown weary of the one percent. According to a report from the Financial Times , the Finnish manufacturer is looking to sell off its Vertu line of luxury handsets, as part of the firm’s ongoing restructuring process. Citing a source “familiar with the process,” the FT went on to explain that Goldman Sachs is overseeing the sale, though it’s still in a nascent stage of development.

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Nokia reportedly looking to sell Vertu, Russian oligarchs reportedly upset

The Unintended Consequences of Tech Stock Repurchases

Well-regarded companies like Netflix, Cisco and Hewlett-Packard have collectively spent over $100 billion buying back their stock, and have lost a lot of money on the deals. Now some of those companies say they need to repair their balance sheets by borrowing money. How did these buybacks get to be so popular?

Well-regarded companies like Netflix, Cisco and Hewlett-Packard have collectively spent over $100 billion buying back their stock, and have lost a lot of money on the deals. Now some of those companies say they need to repair their balance sheets by borrowing money. How did these buybacks get to be so popular?

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The Unintended Consequences of Tech Stock Repurchases

Google Finance Market Bonds

This is Joomla (1.5/1.6/1.7) module that displays Market Bonds values, pulled from Google Finance page. The module supports caching of the data. See logo image to understand what this module does.

This is Joomla (1.5/1.6/1.7) module that displays Market Bonds values, pulled from Google Finance page. The module supports caching of the data. See logo image to understand what this module does.

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Google Finance Market Bonds

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Google Finance Currencies

This is Joomla (1.5/1.6/1.7) module that displays Currencies exchange rates, pulled from Google Finance page. The module supports caching of the data. See logo image to understand what this module does.

This is Joomla (1.5/1.6/1.7) module that displays Currencies exchange rates, pulled from Google Finance page. The module supports caching of the data. See logo image to understand what this module does.

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Google Finance Currencies

Top Position Yahoo Finance

With Top Position Yahoo Finance you can display your Yahoo Finance favorite quotes in a smart Joomla module. This module uses Yahoo Finance data and API

With Top Position Yahoo Finance you can display your Yahoo Finance favorite quotes in a smart Joomla module. This module uses Yahoo Finance data and API

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Top Position Yahoo Finance

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Apple eclipses Lenovo’s sales in emerging Chinese market

As if Apple needed further incentive to take a victory lap around its billion dollar war chest, the company can now add greater China to its list of top performing markets. According to the Financial Times , Apple’s third quarter China sales outstripped Lenovo’s $2.8 billion first quarter results , racking up a commanding $3.8 billion lead in the PC maker’s own backyard. Lenovo’s CEO, Yang Yuanqing, was quick to dismiss the ‘apples to oranges’ financial comparison, citing his company’s inability to compete in the mobile phone segment, and continued strong focus on personal computing.

As if Apple needed further incentive to take a victory lap around its billion dollar war chest, the company can now add greater China to its list of top performing markets. According to the Financial Times , Apple’s third quarter China sales outstripped Lenovo’s $2.8 billion first quarter results , racking up a commanding $3.8 billion lead in the PC maker’s own backyard. Lenovo’s CEO, Yang Yuanqing, was quick to dismiss the ‘apples to oranges’ financial comparison, citing his company’s inability to compete in the mobile phone segment, and continued strong focus on personal computing.

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Apple eclipses Lenovo’s sales in emerging Chinese market

Here’s All That Stands Between You and Stock Market Oblivion

The market’s down 400 points today, continuing this terrorific scream-ride we’ve been on. EVERYBODY PANIC. Right

The market’s down 400 points today, continuing this terrorific scream-ride we’ve been on. EVERYBODY PANIC. Right

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Here’s All That Stands Between You and Stock Market Oblivion

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Lenovo nearly doubles net profits in Q1 earnings report, not so certain about ‘mainstream’ Ultrabooks by end of year

Lenovo ‘s enjoying a bright and sunny Thursday in Hong Kong today, where the company has just unveiled a Q1 2011 / 2012 earnings report that’s full of rosy news. According to the report, Lenovo’s revenues jumped to $5.92 billion during the fiscal quarter, representing a 15 percent increase over last year’s figures , while net profits nearly doubled to $108 million (compared to $54.9 million last year). Global PC sales, meanwhile, nudged upward 23 percent — even at a time when most other manufacturers are seeing relatively sluggish growth

Lenovo ‘s enjoying a bright and sunny Thursday in Hong Kong today, where the company has just unveiled a Q1 2011 / 2012 earnings report that’s full of rosy news. According to the report, Lenovo’s revenues jumped to $5.92 billion during the fiscal quarter, representing a 15 percent increase over last year’s figures , while net profits nearly doubled to $108 million (compared to $54.9 million last year). Global PC sales, meanwhile, nudged upward 23 percent — even at a time when most other manufacturers are seeing relatively sluggish growth

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Lenovo nearly doubles net profits in Q1 earnings report, not so certain about ‘mainstream’ Ultrabooks by end of year

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What a Market Crash Means for Your Gadgets

Last week the stock market finally reached the apex of its clickety-clack roller coaster ascent. Now it’s begun the free-fall into financial oblivion. So what does that mean for you, gadget enthusiast

Last week the stock market finally reached the apex of its clickety-clack roller coaster ascent. Now it’s begun the free-fall into financial oblivion. So what does that mean for you, gadget enthusiast

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What a Market Crash Means for Your Gadgets

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6 Tools to Help Keep Money in Your Wallet

The global economy is crapping out as we speak . Unemployment is still an issue. And whether you’re in a financial pinch or not, you should spend wisely right now.

The global economy is crapping out as we speak . Unemployment is still an issue. And whether you’re in a financial pinch or not, you should spend wisely right now.

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6 Tools to Help Keep Money in Your Wallet

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