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Nokia (NOK +5.2%) has reached a deal with Oracle (ORCL) to have it mapping and location services...
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Monday, October 1, 2012, 10:21 AM ETNokia (NOK +5.2%) has reached a deal with Oracle (ORCL) to have it mapping and location services integrated with Oracle's business apps and data. Similar deals could be on the way, as corporate apps become more consumer-oriented and migrate to mobile devices. Nokia's Location & Commerce unit posted 4% Y/Y revenue growth in Q2, even as the phone division saw a 26% drop. But it still makes up only 4% of sales. (other maps deals: I, II)
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This news story has 15 comments:
Though mapping is not a big part of sales, it is growing and it shows that in this macro economic, that Nokia is selling even in its smallest department.
When the Lumia 920 and 820, finally arrive in the stores, it would mean an end with the Osborne effect. The negative end, is coming to an end.
http://engt.co/PS4Zxt
Nokia should just get out of the phone business and just grow the navigation and patent harvesting parts of their business.
Trying to compete against Apple and Samsung while presenting some of the world's WORST marketing is KILLING this company!
I really wish them good luck!
And they should have gone with Oracle/Java instead of M$ (disregard the Oracle/Google cat-fight for a moment...). In fact NOK has had SDK for Java for a long time, I have no idea why they needed M$ at all. Of course I also don't understand why M$ wanted to buy NOK either :-(
Either way AAPL may burn some cash before they buy into NOK maps. It be like AAPL going to big brother for help again.
Long Nokia
http://bit.ly/W8u7SR
:-)