Tag: nokia

  • Nokia cuts hit smart phone, multimedia R&D

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    Nokia is reining in R&D, with the axe falling hardest on its 3,000-strong multimedia division founded a year ago. The exact number of staff affected isn’t known, but a press release issued on Tuesday from Nokia Multimedia says the cuts are intended to reduce R&D expenditure to 9 to 10 per cent of net sales by the end of next year. That’s roughly the level it was in 2001. According to Nokia’s most recent annual report, consolidated R&D rose from … Read More

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