Nokia Sales Down, But Profit Up; NAVTEQ sales Up
Profit was up 60% in the fourth quarter, though sales were down 5%. Why the big profit? Austerity measures like cost cutting and layoffs (2200 layoffs about 2% of the workforce in 2009).
NAVTEQ sales rose 10 percent to €225 million from €205 million a year earlier mostly from in-car navigation devices.
by Adena Schutzberg on 01/28 at 07:38 AM |
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