Search Results for: vertu

UK High Court overturns Twitter joke conviction

UK High Court overturns Twitter joke conviction

Back in January 2010, Robin Hood Airport was closed thanks to a flurry of snow. Paul Chambers took to Twitter over the closure, posting: “Crap! Robin Hood Airport is closed. You’ve got a week and a bit to get your sh*t together, otherwise I’m blowing the airport sky high!!” The tweet was intended as a joke, yet a UK court didn’t see it that way, convicting Chambers in May 2010 of sending a “menacing electronic communication.” After several appeals, Chambers has finally overturned the conviction.

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Nokia to cut 10,000 jobs, sells Vertu

Nokia to cut 10,000 jobs, sells Vertu

It looks like the downturn in business over at Nokia is finally starting to hit the company. The Finnish smartphone manufacturer has announced that it’s to cut around 10,000 jobs before the end of 2013. As part of the cuts, factories in Germany, Finland, and Canada will all be closed. The company says that it will be “sharpening its strategy” in an attempt to start making money once again.

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Nokia in talks to sell Vertu (again)

Nokia in talks to sell Vertu (again)

Reuters is reporting that Nokia is looking at potential buyers for the luxury phone brand yet again, this time with private equity firm EQT. Sources speaking to Reuters say that Nokia is hoping to take away €200 million (~$250 million). The deal is expected to go through sometime this week, but talks are still ongoing due to the problematic nature of separating the unit from Nokia.

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Nokia close to selling Vertu division

Nokia close to selling Vertu division

There was a glimmer of hope for Nokia recently with the launch of the Lumia 900 in the US, but the recent Q1 financial results paired with new information reminds us that it's very much a struggling company. Nokia is reportedly in talks to sell its UK luxury phone division, Vertu, to private equity firm Permira. It comes after Standards & Poor downgraded Nokia’s credit rating to “junk” status last week.

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Nokia looks to sell luxury Vertu mobile phone brand

Nokia looks to sell luxury Vertu mobile phone brand

Nokia has been operating Vertu since 1998, which is a long time. I always thought that the company couldn't have too many people lining up to purchase mobile phones that lack any smart features selling for upwards of $314,000. My assumption of Vertu not selling well was wrong; it has been outperforming Nokia's other segments.

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Apple’s “clearly wrong” Aussie Samsung tablet ban overturned

Apple’s “clearly wrong” Aussie Samsung tablet ban overturned

Apple's sales injunction against the Samsung Galaxy Tab 10.1 in Australia has been overthrown, with an appeals court dismissing the original block as "clearly wrong" and allowing the Android slate to go on sale this Friday. The Cupertino company secured a short stay until the end of the week so that it could ready an appeal of its own, but was told by the Sydney court that if it wanted to extend the tablet ban - handed down in October when Apple convinced a judge that Samsung had "slavishly copied" its iPad design - it would need to convince the High Court.

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Nokia is working on new Vertu smartphone

Nokia is working on new Vertu smartphone

Nokia has been busy the last few months since it landed a new CEO. The company has shunned Android, one of the most popular mobile operating systems and instead went with Windows Phone, one of the least popular operating systems around. The company is also hurting badly and has axed a large number of workers, and moved Symbian off to another firm.

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Vertu Constellation Ayxta $7k+ cellphone gets unboxed

Vertu Constellation Ayxta $7k+ cellphone gets unboxed

What does over $7k's worth of cellphone get you?  If you're looking at the Vertu Constellation Ayxta then the answer is plenty of stainless steel, leather, a 2.4-inch HVGA display and the sort of functionality you'd be able to find on a basic Nokia.  That's because the Constellation Ayxta falls under Nokia's "luxury" wing, and now we know of at least one person who has bought one, Drew over at Gear Diary.

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