Lot 10

Nokia Corporation NYSE: NOK is one of the world's largest telecommunications equipment manufacturers. With headquarters in Keilaniemi of Espoo, Finland, Nokia is best known today for its leading range of mobile phones. more...

Nokia also produces mobile phone infrastructure and other telecommunications equipment for applications such as traditional voice telephony, ISDN, broadband access, professional mobile radio, voice over IP, wireless LAN, a line of digital terrestrial television receivers and satellite receivers. Nokia provides mobile communication equipment for every major market and protocol, including GSM, CDMA, and WCDMA (UMTS).

History

Nokia was established in 1865 as a wood-pulp mill by Finland-Swede Knut Fredrik Idestam on the banks of Nokia rapids. Finnish Rubber Works established its factories in the beginning of 20th century nearby and began using Nokia as its brand. Shortly after World War I Finnish Rubber Works acquired Nokia wood mills as well as Finnish Cable Works, a producer of telephone and telegraph cables. At one time in history Nokia was a major manufacturer of boots for the military. All three companies were merged as Nokia Corporation in 1967. The name Nokia originated from the river which flowed through the town of the same name (Nokia). The town and river are named after a small black marten found in the region.

In the 1970s Nokia became more involved in the telecommunications industry by developing the Nokia DX 200, a digital switch for telephone exchanges. In the 1980s, Nokia offered a series of personal computers called MikroMikko , however, these operations were sold to International Computers, Ltd. (ICL), which later became part of Fujitsu; the personal computer operation was handed over to Fujitsu-Siemens AG. Nokia also began developing mobile phones for the NMT network; unfortunately, the company ran into serious financial problems in the 1990s and streamlined its manufacturing of mobile phones, mobile phone infrastructure, and other telecommunications areas, divesting itself of other items, such as televisions and personal computers.

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