PR
Newswire -- August 20, 2010 ESPOO,
Finland, August 20, 2010 /PRNewswire-FirstCall/ -- Nokia (NYSE:NOK) today announced
it has signed an agreement to acquire Motally Inc., a privately-held US-based
company. Motally's mobile analytics service offers in-application tracking and
reporting, and is designed to enable developers and publishers to optimize the
development of their mobile applications through increased understanding of how
users engage. The service offering is planned to be adapted for Qt, Symbian, Meego
and Java developers, and Nokia plans to continue serving Motally's existing customer
base. "The
acquisition underpins Nokia's drive to deliver in-application and mobile web browsing
analytics to Ovi's growing, global eco-system of developers and publishers, enabling
partners to better connect with their customers and optimize and monetize their
offering," said Marco Argenti, Vice President, Media, Nokia. Motally
currently employs a team of eight people. The
transaction is subject to customary closing conditions and is expected to close
during the third quarter of 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 (http://www.ovi.com),
including music, maps, apps, email and more. Nokia's NAVTEQ is a leader in comprehensive
digital mapping and navigation services, while Nokia Siemens Networks provides
equipment, services and solutions for communications networks globally. About
Motally Motally
Inc. was founded in 2008 in San Francisco and has patent-pending technology to
ensure accurate data collection and analytic reporting for publishers' mobile
sites. 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 management's
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 Nokia's 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. http://www.nokia.com SOURCE
Nokia Corporation
Subject
Codes: PC/t.100820054008893, PT/lang.en, PC/ticker, IN/TLS,
IN/TCS, IN/TEQ,
IN/WIC, SU/TNM, RE/Finland,
PC/priority.r, PC/category.f, PC/WAVO_..d.ca,
PC/APT_..d.c, PC/DataFeat_ttech, PC/circuit_d,
PC/trade_c, PC/wavo3_d, PC/wavo5_c,
PC/wavo6_a,
PC/Billing_TEM, PC/Billing_TNW, PC/Billing_RWB,
PC/Billing_IRW,
PC/Billing_FC1, PC/1stAcc_916650,
PC/port_26, PC/port_19, PC/port_91, PC/port_32,
PC/port_01, PC/port_30, PC/port_33, PC/port_31,
PC/prnpriority_P2, PC/contact,
PC/id_UKF552
Company Codes: NYSE:NOK, NOK.N, NOK1V
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