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Nokia Divides Itself to Focus on Mobile Net

New corporate structure emphasizes services and software

(Newser) - Furthering its plans to transform into a mobile Internet company, Nokia has announced a corporate reorganization into three divisions: devices, software and services, and markets. It’s the focus on software and services, Fortune writes, that’s exceptional for the world’s largest phone manufacturer, and signals the seriousness of... More »

Garmin Drops Out of Tele Atlas Bidding

GPS maker's shares soar after allowing rival TomTom to acquire map provider

(Newser) - Garmin, the world’s top GPS producer, dropped its $3.3 billion bid for mapmaker Tele Atlas yesterday, allowing rival TomTom to seal the deal. That may prove a long-term disadvantage for Garmin, but investors love the non-deal, sending shares up 16%, their best gain in five years. “There’... More »

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