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Nokia: "class action complaint without merit"

Finnish mobile phone giant Nokia said ist will vigorously defend itself against a class action complaint filed against the company last Friday (2010-02-05) in the U.S. District Court for the Southern District of New York.

February 08 2010, 3:12 PM
Related stories

OEM"Nokia has become aware of the filing of a class action complaint against Nokia on February 5, 2010 in the US District Court for the Southern District of New York alleging securities fraud in connection with statements made by Nokia between January 24, 2008 and September 5, 2008 regarding the production and sales of certain of its mobile devices".

The mobile phone giant stated that it believes the allegations contained in the complaint are without merit. Furthermore, it intends to defend itself against the complaint vigorously.

Anke Schröter
Anke Schröter

TT Electronics profit down

ComponentsFor the year ended 31 December 2009, UK based TT Electronics revenue was £499.6 million (2008: £584.3 million), down 14.5 per cent.

March 15 2010, 10:58 AM
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Cable Harnesses company files for bankruptcy

Cable HarnessesSweden based K.A.B. Kabelprefektion AB has filed for bankruptcy.

March 15 2010, 9:19 AM

Elcoteq start producing for Philips Lighting in China

EMSIn line with its strategy of leveraging its capabilities into new product segments with growth potential, Elcoteq has started serving customers in selected lighting segments.

March 15 2010, 8:07 AM

2009 was a challenging financial year for Cicor

PCBSwitzerland-based Cicor Technologies felt the effects of the difficult economic environment during the financial year 2009.

March 15 2010, 8:04 AM

University of Pécs confers the Honorary Doctor title to Antti Piippo

EMSUniversity of Pécs iin Hungary has granted an Honorary Doctorate to Mr. Antti Piippo, Chairman of the Board of Elcoteq

March 15 2010, 7:58 AM

AUO and TPV establish joint venture in Poland

OEMAU Optronics held a meeting of the Board of Directors on March 12, 2010, at which the Board approved a resolution establishing a joint venture of TFT-LCD module production and TV-set ODM with TPV Technology Limited in Gorzow, Poland.

March 12 2010, 2:51 PM

Huawei opens assembly plant in Hungary

EMSChinese Telecom company Huawei is opening an assembly plant in Hungary.

March 12 2010, 2:39 PM

1700 visited NEW in South Africa

GeneralThe National Electronics Week that took place in South Africa this week attracted some 1,700 visitors.

March 12 2010, 1:59 PM

Wistron after sales service division expected to grow strongly

EMSTaiwan based EMS provider Wistron's revenue in the after sales service division is expected to increase to over 60% this year.

March 12 2010, 1:44 PM

Kitron's GM for Sweden steps down with immediate effect

EMSJohannes Lind, General Manager of Kitron Sweden, has decided to leave Kitron with immediate effect.

March 12 2010, 1:00 PM

Operational challenges for Kitron in Sweden

EMSKitron's subsidiary Kitron in Karlskoga, Sweden is facing operational challenges in the 1st quarter.

March 12 2010, 12:49 PM

JJS Electronics appoints new Principal Test Engineer

EMSUK based EMS provider JJS Electronics has appointed Alf Bates to the post of Principal Test Engineer.

March 12 2010, 12:38 PM

Lewis and Clark, PRT Service and KEERS Technologies join forces in Europe

SMT & InspectionDue to the still growing demand of fully refurbished In-Circuit Test Systems and on-site support services in Europe Lewis and Clark, PRT Service and KEERS Technologies decided to join forces.

March 12 2010, 12:12 PM

AMD to build a distribution channel for embedded in Europe

EmbeddedThe Embedded Business unit of AMD plans to build a distribution channel for the embedded portfolio in Central Europe.

March 12 2010, 10:13 AM

Another Foxconn employee fell from the roof

EMSAnother Foxconn employee in Shenzhen fell from a building last night.

March 12 2010, 8:32 AM

Altix expect 15% growth in sales this year

PCBAfter one year of operations, Altix posted positive results for 2009. The turnover of the company hit the forecasts and the net result exceeds the 2009 expectations to finish break-even.

March 12 2010, 8:24 AM

tbp produce 'golden board' for Alcatel-Lucent

EMSEMS provider tbp electronics and Alcatel-Lucent have celebrated delivery of Alcatel-Lucent's 200 millionth DSL line with the manufacture of a special golden board.

March 12 2010, 5:57 AM

Automatic Lamination Technology launches two new models

SMT & InspectionAutomatic Lamination Technologies expand it’s product range to include two new models; Automatic Laminator Model SMARTLAM 5000 and Vacuum Applicator Model VA 7124 HP6.

March 12 2010, 5:12 AM

5000 electronics jobs announced

ComponentsTaiwan Semiconductor Manufacturing Co and AU Optronics will increase its workforces dramatically during this year.

March 11 2010, 4:38 PM

Jabil to lease new site in Hungary

EMSJabil Circuit has leased a new site in Hungary due to higher order volume.

March 11 2010, 3:06 PM

Chip: Below-average growth in Europe

ComponentsThe European semiconductor market has shrunk in 2009, however - with minus 21.9% - not as much as the German market, the German Industry Association ZVEI reports.

March 11 2010, 2:14 PM
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