SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a -16 or 15d -16 of
the Securities Exchange Act of 1934
Report on Form 6-K dated August 2, 2010
Nokia Corporation
Nokia House
Keilalahdentie 4
02150 Espoo
Finland
(Name and address of registrants principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F x Form 40-F o
Enclosures:
Nokia Press release dated July 6 2010: Renesas Electronics to acquire Nokias wireless modem business; companies to form strategic business alliance for modem technology development
Nokia Press release dated July 12 2010: Nokia divests MetaCarta Inc while retaining geographic intelligence technology for local search services
Nokia Siemens Networks Press release dated July 19 2010: Nokia Siemens Networks to acquire certain wireless network infrastructure assets of Motorola for USD 1.2 billion
PRESS RELEASE |
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July 6, 2010 |
Renesas Electronics to acquire Nokias wireless modem business; companies to form strategic business alliance for modem technology development
Espoo, Finland and Tokyo, Japan Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and Nokia Corporation, the world leader in mobile communications, today announced that they are deepening their collaboration by forming a strategic business alliance to develop modem technologies for HSPA+/LTE (Evolved High-Speed Packet Access / Long-Term Evolution) and its evolution.
As part of this alliance, the companies have entered into an agreement whereby Renesas Electronics is to acquire Nokias wireless modem business for approximately USD 200 million. The alliance is planned to be enhanced by long-term joint research cooperation on future radio technologies.
The planned transfer of Nokias wireless modem business enables Renesas Electronics to maximize the value of Nokias technology assets and engineering expertise in delivering advanced mobile platform solutions to the market by combining them with Renesas Electronics market-proven multimedia processing and RF technologies. Together with Renesas Electronics robust line-up of application processors, RF transceiver ICs, high power amplifiers, and power management devices, the wireless modem technologies enable Renesas Electronics to deliver a complete mobile platform solution to the market.
The wireless modem business to be transferred to Renesas Electronics includes Nokias wireless modem technologies for LTE, HSPA and GSM standards, which have been used for billions of handsets in the global market over the years. Further, Nokia transfers Renesas Electronics certain patents related to the transferred technology asset. The planned transfer would also include approximately 1,100 Nokia R&D professionals, the vast majority of whom are located in Finland, India, the UK and Denmark.
The planned transfer is expected to further strengthen Renesas Electronics position as one of the leading chipset vendors in the 3G and LTE market that is capable of providing one-stop mobile platform solutions, supporting an extensive range of modem protocols from GSM to LTE, and integrating advanced multimedia and computer processing capabilities.
The agreement with Nokia demonstrates our long-standing commitment to shape the future of advanced mobile platforms and will serve as an important step for us to become a leading mobile platform vendor in the global market. Our collaboration with Nokia will enable consumers to enjoy true mobile cloud computing experiences through our advanced high-speed mobile devices, said Yasushi Akao, President of Renesas Electronics Corporation. In line with our ongoing efforts to strengthen our business structure, the transferring wireless modem technology and the innovation power and expertise of Nokias employees will perfectly complement our core competences and serve as the key driving forces in growing our mobile business in the global market.
Wireless modems are an integral part of todays chipset solutions, and we believe that Renesas Electronics, as one of the key chipset vendors in the market, is in an ideal position to further develop this offering. The alliance enables us to continue to focus on our own core businesses, connecting people to what matters to them with our mobile products and solutions, says Kai Oistamo, Executive Vice President, Nokia.
Renesas Electronics has licensed the Nokia modem since 2009 and the two companies have been working together to develop an industry-leading HSPA+/LTE platform. I believe that the integration of the world class Nokia wireless modem into Renesas Electronics strong multimedia processing and RF capabilities, places Renesas Electronics in a strong position in HSPA+/LTE chipsets, says Oistamo.
In order to implement the planned business transfer, Nokia will start the appropriate personnel consultation process with its personnel representatives according to each applicable jurisdictions labor law requirements. The transfer is subject to regulatory approvals and other customary closing conditions, and is estimated to take place during the fourth quarter 2010.
About
Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723), the worlds number one supplier of
microcontrollers, is a premiere supplier of advanced semiconductor solutions
including microcontrollers, SoC solutions and a broad-range of analog and power
devices. Business operations began as Renesas Electronics in April 2010
through the integration of NEC Electronics Corporation (TSE:6723) and Renesas
Technology Corp., with operations spanning research, development, design and
manufacturing for a wide range of applications. Headquartered in Japan, Renesas
Electronics has subsidiaries in 20 countries worldwide. More information can be
found at www.renesas.com.
About
Nokia
At Nokia, we are committed to connecting people. We combine advanced technology
with personalized services that enable people to stay close to what matters to
them. Every day, more than 1.2 billion people connect to one another with a
Nokia device - from mobile phones to advanced smartphones and high-performance
mobile computers. Today, Nokia is integrating its devices with innovative
services through Ovi (www.ovi.com), including music, maps, apps, email and
more. Nokias NAVTEQ is a leader in comprehensive digital mapping and
navigation services, while Nokia Siemens Networks provides equipment, services
and solutions for communications networks globally.
FORWARD-LOOKING STATEMENTS
It should be noted that certain statements herein which are not historical
facts are forward-looking statements, including, without limitation, those
regarding: A) the timing of the deliveries of our products and services and
their combinations; B) our ability to develop, implement and commercialize new
technologies, products and services and their combinations; C) expectations
regarding market developments and structural changes; D) expectations and
targets regarding our industry volumes, market share, prices, net sales and
margins of products and services and their combinations; E) expectations and
targets regarding our operational priorities and results of operations; F) the
outcome of pending and threatened litigation; G) expectations regarding the
successful completion of acquisitions or restructurings on a timely basis and
our ability to achieve the financial and operational targets set in connection
with any such acquisition or restructuring; and H) statements preceded by believe,
expect, anticipate, foresee, target, estimate, designed, plans, will
or similar expressions. These statements are based on managements best
assumptions and beliefs in light of the information currently available to it.
Because they involve risks and uncertainties, actual results may differ
materially from the results that we currently expect. Factors that could cause
these differences include, but are not limited to: 1) the competitiveness and
quality of our portfolio of products and services and their combinations; 2)
our ability to timely and successfully develop or otherwise acquire the
appropriate technologies and commercialize them as new advanced products and
services and their combinations, including our ability to attract application
developers and content providers to develop applications and provide content
for use in our devices; 3) our ability to effectively, timely and profitably
adapt our business and operations to the requirements of the converged mobile
device market and the services market; 4) the intensity of competition in the
various markets where we do business and our ability to maintain or improve our
market position or respond successfully to changes in the competitive
environment; 5) the occurrence of any actual or even alleged defects or other
quality, safety or security issues in our products and services and their
combinations; 6) the development of the mobile and fixed communications
industry and general economic conditions globally and regionally; 7) our
ability to successfully manage costs; 8) exchange rate fluctuations, including,
in particular, fluctuations between the euro, which is our reporting currency,
and the US dollar, the Japanese yen and the Chinese yuan, as well as certain
other currencies; 9) the success, financial condition and performance of our
suppliers, collaboration partners and customers; 10) our ability to source
sufficient amounts of fully functional components, sub-assemblies, software,
applications and content without interruption and at acceptable prices and
quality; 11) our success in collaboration arrangements with third parties
relating to the development of new technologies, products and services,
including applications and content; 12) our ability to manage efficiently our
manufacturing and logistics, as well as to ensure the quality, safety, security
and timely delivery of our products and services and their combinations; 13)
our ability to manage our inventory and timely adapt our supply to meet
changing demands for our products; 14) our ability to protect the complex
technologies, which we or others develop or that we license, from claims that
we have infringed third parties intellectual property rights, as well as our
unrestricted use on commercially acceptable terms of certain technologies in
our products and services and their combinations; 15) our ability to protect
numerous Nokia, NAVTEQ and Nokia Siemens Networks patented, standardized or
proprietary technologies from third-party infringement or actions to invalidate
the intellectual property rights of these technologies; 16) the impact of
changes in government policies, trade policies, laws or regulations and
economic or political turmoil in countries where our assets are located and we
do business; 17) any disruption to information
technology systems and networks that our operations rely on; 18) our ability to retain, motivate, develop and recruit appropriately skilled employees; 19) unfavorable outcome of litigations; 20) allegations of possible health risks from electromagnetic fields generated by base stations and mobile devices and lawsuits related to them, regardless of merit; 21) our ability to achieve targeted costs reductions and increase profitability in Nokia Siemens Networks and to effectively and timely execute related restructuring measures; 22) developments under large, multi-year contracts or in relation to major customers in the networks infrastructure and related services business; 23) the management of our customer financing exposure, particularly in the networks infrastructure and related services business; 24) whether ongoing or any additional governmental investigations into alleged violations of law by some former employees of Siemens AG (Siemens) may involve and affect the carrier-related assets and employees transferred by Siemens to Nokia Siemens Networks; 25) any impairment of Nokia Siemens Networks customer relationships resulting from ongoing or any additional governmental investigations involving the Siemens carrier-related operations transferred to Nokia Siemens Networks; as well as the risk factors specified on pages 11-32 of Nokias annual report Form 20-F for the year ended December 31, 2009 under Item 3D. Risk Factors. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Media Enquiries:
Renesas
Electronics Corporation
Kyoko Okamoto
+81-3-6756-5555
kyoko.okamoto.sx@renesas.com
Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com
www.nokia.com
PRESS RELEASE |
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July 12, 2010 |
Nokia divests MetaCarta Inc while retaining geographic intelligence technology for local search services
Espoo, Finland Nokia announced today that it has divested MetaCarta Inc. to Qbase Holdings LLC, a privately held US based company. Nokia will retain MetaCartas geographic intelligence technology, which it is incorporating in its local search and other services. MetaCarta serves primarily government as well as oil and gas customers. It was acquired by Nokia in April 2010.
About Nokia
At Nokia, we are committed to connecting people. We combine advanced technology with personalized services that enable people to stay close to what matters to them. Every day, more than 1.2 billion people connect to one another with a Nokia device - from mobile phones to advanced smartphones and high-performance mobile computers. Today, Nokia is integrating its devices with innovative services through Ovi (www.ovi.com), including music, maps, apps, email and more. Nokias NAVTEQ is a leader in comprehensive digital mapping and navigation services, while Nokia Siemens Networks provides equipment, services and solutions for communications networks globally.
FORWARD-LOOKING STATEMENTS
It should be noted that certain statements herein which are not historical facts are forward-looking statements, including, without limitation, those regarding: A) the timing of the deliveries of our products and services and their combinations; B) our ability to develop, implement and commercialize new technologies, products and services and their combinations; C) expectations regarding market developments and structural changes; D) expectations and targets regarding our industry volumes, market share, prices, net sales and margins of products and services and their combinations; E) expectations and targets regarding our operational priorities and results of operations; F) the outcome of pending and threatened litigation; G) expectations regarding the successful completion of acquisitions or restructurings on a timely basis and our ability to achieve the financial and operational targets set in connection with any such acquisition or restructuring; and H) statements preceded by believe, expect, anticipate, foresee, target, estimate, designed, plans, will or similar expressions. These statements are based on managements best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) the competitiveness and quality of our portfolio of products and services and their combinations; 2) our ability to timely and successfully develop or otherwise acquire the appropriate technologies and commercialize them as new advanced products and services and their combinations, including our ability to attract application developers and content providers to develop applications and provide content for use in our devices; 3) our ability to effectively, timely and profitably adapt our business and operations to the requirements of the converged mobile device market and the services market; 4) the intensity of competition in the various markets where we do business and our ability to maintain or improve our market position or respond successfully to changes in the competitive environment; 5) the occurrence of any actual or even alleged defects or other quality, safety or security issues in our products and services and their combinations; 6) the development of the mobile and fixed communications industry and general economic conditions globally and regionally; 7) our ability to successfully manage costs; 8) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as certain other currencies; 9) the success, financial condition and performance of our suppliers, collaboration partners and customers; 10) our ability to source sufficient amounts of fully functional components, sub-assemblies, software, applications and content without interruption and at acceptable prices and quality; 11) our success in collaboration arrangements with third parties relating to the development of new technologies, products and services, including applications and content; 12) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products and services and their combinations; 13) our ability to manage our inventory and timely adapt our supply to meet changing demands for our products; 14) our ability to protect the complex technologies, which we or others develop or that we license, from claims that we have infringed third parties intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products and services and their combinations; 15) our ability to protect numerous Nokia, NAVTEQ and Nokia Siemens Networks patented, standardized or proprietary technologies from third-party infringement or actions to invalidate the intellectual property rights of these technologies; 16) the impact of changes in government policies, trade policies, laws or regulations and economic or political turmoil in countries where our assets are located and we do business; 17) any disruption to information technology systems and networks that our operations rely on; 18) our ability to retain, motivate, develop and recruit appropriately skilled employees; 19) unfavorable outcome of litigations; 20) allegations of possible health risks from electromagnetic fields generated by base
stations and mobile devices and lawsuits related to them, regardless of merit; 21) our ability to achieve targeted costs reductions and increase profitability in Nokia Siemens Networks and to effectively and timely execute related restructuring measures; 22) developments under large, multi-year contracts or in relation to major customers in the networks infrastructure and related services business; 23) the management of our customer financing exposure, particularly in the networks infrastructure and related services business; 24) whether ongoing or any additional governmental investigations into alleged violations of law by some former employees of Siemens AG (Siemens) may involve and affect the carrier-related assets and employees transferred by Siemens to Nokia Siemens Networks; 25) any impairment of Nokia Siemens Networks customer relationships resulting from ongoing or any additional governmental investigations involving the Siemens carrier-related operations transferred to Nokia Siemens Networks; as well as the risk factors specified on pages 11-32 of Nokias annual report Form 20-F for the year ended December 31, 2009 under Item 3D. Risk Factors. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Media Enquiries:
Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com
www.nokia.com
PRESS RELEASE |
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July 19, 2010 |
Nokia Siemens Networks to acquire certain wireless network infrastructure assets of Motorola for USD 1.2 billion
· Transaction
expected to significantly strengthen Nokia Siemens Networks presence globally,
particularly in the United States and Japan.
· Nokia Siemens
Networks targeting to gain incumbent relationships with more than 50 operators
and strengthen relationships with others.
· Acquisition to
enhance position of Nokia Siemens Networks in key wireless technologies; will
give company large global footprint in CDMA.
· Motorola
retains the iDEN business, substantially all the patents related to its
wireless network infrastructure business, and other selected assets.
· The companies
expect to complete closing activities by the end of 2010.
Espoo, Finland; Schaumburg, Illinois, USA - Nokia Siemens Networks and Motorola, Inc. today jointly announced that the companies have entered into an agreement under which Nokia Siemens Networks will acquire the majority of Motorolas wireless network infrastructure assets for USD 1.2 billion in cash. The companies expect to complete closing activities by the end of 2010, subject to customary closing conditions including regulatory approvals.
This is an exciting acquisition that I believe has significant benefits for customers, employees and our shareholders, said Rajeev Suri, Chief Executive Officer of Nokia Siemens Networks. Motorolas current customers will continue to get world-class support for their installed base and a clear path for transitioning to next generation technologies while employees will join an industry leader with global scale and reach. Nokia Siemens Networks will see the benefits of a deal that is expected to enhance profitability and cash-flow and to have significant upside potential.
Motorola is very proud of the operational and financial performance of our Networks business and its employees, who will now become a valuable addition to Nokia Siemens Networks. We are excited to have reached this agreement to combine our Networks team with such an industry leader, said Greg Brown, Co-CEO of Motorola. This is great news for our customers, our investors and our people and will allow us to sharpen our strategic focus on providing mission and business critical solutions for our government, public safety, and enterprise customers.
As part of the transaction, Nokia Siemens Networks expects to gain incumbent relationships with more than 50 operators and to strengthen its position with China Mobile, Clearwire, KDDI, Sprint, Verizon Wireless and Vodafone.
We are pleased to be able to add new relationships with some customers, and reinforce our position with others, said Suri. I believe the addition of Motorolas Networks business will significantly
strengthen our worldwide presence, enhance our scale in the United States, Japan and other priority regions and reinforce our leadership position in the global wireless sector.
Verizon views todays announcement as good news for the global wireless industry, said Richard J. Lynch, Executive Vice President and Chief Technology Officer of Verizon. This deal brings together two important Verizon suppliers; we look forward to our continuing work with Nokia Siemens Networks.
Nokia Siemens Networks expects that based on revenue, with the addition of the Motorola wireless network infrastructure business, it will become the #3 wireless infrastructure vendor in the United States, the #1 foreign wireless vendor in Japan, and strengthen its current #2 position in the global infrastructure segment.
Motorolas networks infrastructure business provides products and services for wireless networks, including GSM, CDMA, WCDMA, WiMAX and LTE. This business is a market leader in WiMAX, with 41 contracts in 21 countries; has a strong global footprint in CDMA with 30 active networks in 22 countries; and a robust GSM installed base, with more than 80 active networks in 66 countries; and excellent traction with LTE early adopters.
As customers look to transition from CDMA networks to next generation technologies, the addition of the Motorola wireless network infrastructure business is targeted to ensure that we are well placed to meet those needs, said Bosco Novak, head of Customer Operations at Nokia Siemens Networks. Together, we will utilize the combined strength of Nokia Siemens Networks TD-LTE solutions and Motorolas WiMAX and LTE businesses, to better meet customers evolving technology and business needs.
Approximately 7,500 employees are expected to transfer to Nokia Siemens Networks from Motorolas wireless network infrastructure business when the transaction closes, including large research and development sites in the United States, China and India. Motorola retains the iDEN business, substantially all the patents related to its wireless network infrastructure business and other selected assets.
The companies expect to complete closing activities by the end of 2010 and therefore do not expect the transaction to have any impact on Nokia Siemens Networks financial performance in 2010.
Nokia Siemens Networks and Motorola also are exploring a global relationship in the public safety arena. This relationship would combine Motorolas leadership in providing solutions to public safety organizations with Nokia Siemens Networks commercial LTE solutions.
Conference
Call and Webcast
Nokia Siemens Networks and Motorola will host a conference call for
media beginning at 10:30 a.m. (U.S. Eastern Time) on Monday, July 19.
The conference call will be webcast live with audio at
www.motorola.com/investor.
About
Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of telecommunications
services. With its focus on innovation and sustainability, the company provides
a complete portfolio of mobile, fixed and converged network technology, as well
as professional services including consultancy and systems integration,
deployment, maintenance and managed services. It is one of the largest
telecommunications hardware, software and professional services companies in
the world. Operating in 150 countries, its headquarters are in Espoo, Finland.
www.nokiasiemensnetworks.com
Talk about Nokia Siemens Networks news at http://blogs.nokiasiemensnetworks.com and find out if your country is exploiting the full potential of connectivity at http://connectivityscorecard.org
About
Motorola
Motorola is known around the world for innovation in communications and
is focused on advancing the way the world connects. From broadband
communications infrastructure, enterprise mobility and public safety solutions
to mobile and wireline digital communication devices that provide compelling
experiences, Motorola is leading the next wave of innovations that enable
people, enterprises and governments to be more connected and more mobile.
Motorola (NYSE: MOT) had sales of US $22 billion in 2009. For more information,
please visit www.motorola.com.
FORWARD LOOKING STATEMENTS
Nokia
It should be noted that certain statements herein which are not historical
facts are forward-looking statements, including, without limitation, those
regarding: A) the timing of the deliveries of our products and services and
their combinations; B) our ability to develop, implement and commercialize new
technologies, products and services and their combinations; C) expectations
regarding market developments and structural changes; D) expectations and
targets regarding our industry volumes, market share, prices, net sales and
margins of products and services and their combinations; E) expectations and
targets regarding our operational priorities and results of operations; F) the
outcome of pending and threatened litigation; G) expectations regarding the
successful completion of acquisitions or restructurings on a timely basis and
our ability to achieve the financial and operational targets set in connection
with any such acquisition or restructuring; and H) statements preceded by believe,
expect, anticipate, foresee, target, estimate, designed, plans, will
or similar expressions. These statements are based on managements best
assumptions and beliefs in light of the information currently available to it.
Because they involve risks and uncertainties, actual results may differ
materially from the results that we currently expect. Factors that could cause
these differences include, but are not limited to: 1) the competitiveness and
quality of our portfolio of products and services and their combinations; 2)
our ability to timely and successfully develop or otherwise acquire the
appropriate
technologies and commercialize them as new advanced products and services and their combinations, including our ability to attract application developers and content providers to develop applications and provide content for use in our devices; 3) our ability to effectively, timely and profitably adapt our business and operations to the requirements of the converged mobile device market and the services market; 4) the intensity of competition in the various markets where we do business and our ability to maintain or improve our market position or respond successfully to changes in the competitive environment; 5) the occurrence of any actual or even alleged defects or other quality, safety or security issues in our products and services and their combinations; 6) the development of the mobile and fixed communications industry and general economic conditions globally and regionally; 7) our ability to successfully manage costs; 8) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as certain other currencies; 9) the success, financial condition and performance of our suppliers, collaboration partners and customers; 10) our ability to source sufficient amounts of fully functional components, sub-assemblies, software, applications and content without interruption and at acceptable prices and quality; 11) our success in collaboration arrangements with third parties relating to the development of new technologies, products and services, including applications and content; 12) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products and services and their combinations; 13) our ability to manage our inventory and timely adapt our supply to meet changing demands for our products; 14) our ability to protect the complex technologies, which we or others develop or that we license, from claims that we have infringed third parties intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products and services and their combinations; 15) our ability to protect numerous Nokia, NAVTEQ and Nokia Siemens Networks patented, standardized or proprietary technologies from third-party infringement or actions to invalidate the intellectual property rights of these technologies; 16) the impact of changes in government policies, trade policies, laws or regulations and economic or political turmoil in countries where our assets are located and we do business; 17) any disruption to information technology systems and networks that our operations rely on; 18) our ability to retain, motivate, develop and recruit appropriately skilled employees; 19) unfavorable outcome of litigations; 20) allegations of possible health risks from electromagnetic fields generated by base stations and mobile devices and lawsuits related to them, regardless of merit; 21) our ability to achieve targeted costs reductions and increase profitability in Nokia Siemens Networks and to effectively and timely execute related restructuring measures; 22) developments under large, multi-year contracts or in relation to major customers in the networks infrastructure and related services business; 23) the management of our customer financing exposure, particularly in the networks infrastructure and related services business; 24) whether ongoing or any additional governmental investigations into alleged violations of law by some former employees of Siemens AG (Siemens) may involve and affect the carrier-related assets and employees transferred by Siemens to Nokia Siemens Networks; 25) any impairment of Nokia Siemens Networks customer relationships resulting from ongoing or any additional governmental investigations involving the Siemens carrier-related operations transferred to Nokia Siemens Networks; as well as the risk factors specified on pages 11-32 of Nokias annual report Form 20-F for the year ended December 31, 2009 under Item 3D. Risk Factors. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Motorola
This press release contains forward-looking statements within the meaning of
applicable federal securities laws. These statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995
and generally include words such as believes, expects, intends, anticipates,
estimates, and similar expressions. We can give no assurance that any future
results or events discussed in these statements will be achieved. Any forward-looking statements represent our
views only as of today and should not be relied upon as representing our views
as of any subsequent date. Readers are cautioned that such forward-looking
statements are subject to a variety of risks and uncertainties that could cause
our actual results to differ materially from the statements contained in this
release. Many of these risks and
uncertainties cannot be controlled by Motorola and include, but are not limited
to: (1) the satisfaction of the conditions to closing, including (a) receipt
of regulatory approvals, and (b) the absence of a material adverse effect
on the assets being sold by Motorola under the proposed transaction; (2) Nokia
Siemens Networks and Motorola having the ability to consummate the transaction;
(3) the impact on Motorolas performance and financial results deriving
from the benefits from this transaction; and (4) the expected timeline for
completing the transaction. A detailed
description of other risks and uncertainties affecting Motorola, is contained
in Item 1A of Motorolas 2009 Annual Report on Form 10-K and in its other
filings with the Securities and Exchange Commission (SEC). These filings are available for free on the
SECs website at www.sec.gov and on Motorolas website at
www.motorola.com. Motorola undertakes no
obligation to publicly update any forward-looking statement or risk factor,
whether as a result of new information, future events or otherwise.
Media Inquiries
Nokia
Siemens Networks
Ben Hunt, Communications
Phone: +44 7508 002382
Motorola
Jennifer Erickson, Communications
Phone: +1 847 435 5320
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Nokia Corporation, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 2, 2010 |
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Nokia Corporation |
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By: |
/s/ Kaarina Ståhlberg |
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Name: |
Kaarina Ståhlberg |
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Title: |
Assistant General Counsel |