Nokia sees opportunities in economic crisis

Posted on Thursday, Feb 19 2009 @ 07:10 CET by Thomas De Maesschalck
Nokia CEO Olli-Pekka Kallasvuo stated at the Mobile World Congress in Barcelona that he sees opportunities in the economic downturn:
Nokia came to the Mobile World Congress here with a couple of stunning additions to its line-up of smartphones and its much anticipated Ovi Store concept to push the business forward in what CEO Olli-Pekka Kallasvuo described as challenging conditions in which efficiency and global presence will be crucial.

Admitting that the mobile communications sector would certainly be impacted by the global downturn, Kallasvuo nevertheless stressed there are also opportunities out there, notably in the services sector.

"We intend to continue investing in new opportunities while finding the right balance between that and tough but necessary cutbacks," he said.
More details at EE Times.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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