Olli-Pekka Kallasvuo News
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HTC Corp. President Peter Chou called his latest smartphone One. As sales slide and market share shrinks, that name may represent the number of chances he has left to turn the company around.
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Nokia Oyj rose as much as 5.2 percent in Helsinki trading after the Wall Street Journal reported the world’s biggest maker of mobile phones is looking to replace Chief Executive Officer Olli-Pekka Kallasvuo .
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Nokia Oyj , losing ground to competitors such as Apple Inc. in the smartphone market, is looking to replace Chief Executive Officer Olli-Pekka Kallasvuo , the Wall Street Journal reported.
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Nokia Oyj hired Stephen Elop , the head of Microsoft Corp. ’s business unit, as chief executive officer, seeking to reclaim ground lost to Apple Inc. that has wiped $61 billion off its market value.
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Nokia Oyj ’s second-quarter profit plunged on competition from Apple Inc.’s iPhone. Chief Executive Officer Olli-Pekka Kallasvuo said a new device from the world’s largest mobile-phone maker will “kick-start” its comeback.
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Nokia Oyj has had three years to come up with a rival to the iPhone. Investors say that’s long enough.
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TeliaSonera AB rose the most in more than five months in Stockholm trading after SEB AB recommended buying the stock, saying strategy by new managers at Sweden’s largest phone company may help earnings and cash flow.
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As Nokia Oyj prepares to introduce its latest flagship smartphone, developer Jan Ole Suhr says he knows why the brains behind addictive applications are shunning the Finnish company.
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Stephen Elop , Nokia Oyj ’s new chief executive officer, brings a history of iconoclastic decisions that may benefit the Finnish mobile-phone maker as it competes with nimbler Silicon Valley rivals.
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Nokia Oyj replaced Chief Executive Officer Olli-Pekka Kallasvuo last year after the stock sank 55 percent during his four-year tenure. Successor Stephen Elop has presided over a 37 percent loss in just eight months.
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