Nokia completes acquisition of earthmine inc.

Nokia completes acquisition of earthmine inc. 
ESPOO, FINLAND -- (Marketwire) -- 11/21/12 --  Nokia has now
completed the acqusition of earthmine inc. 
As announced on November 13, earthmine's reality capture and
processing technologies will become integral parts of the 3D map
making capabilities of
HERE, the first location cloud to deliver the
world's best maps and location
experiences across multiple screens
and operating systems. 
The terms of the transaction are confidential. 
About Nokia 
Nokia is a global leader in mobile communications whose products have
become an integral part of the lives of people around the world.
Every day, more than 1.3
billion people use their Nokia to capture
and share experiences, access information, find their way or simply
to speak to one another. Nokia's technological and design innovations
have made its brand one of the most recognized in the world. For more
information, visit 
It should be noted that certain statements herein that are not
historical facts
are forward-looking statements, including, without
limitation, those regarding:
A) the expected plans and benefits of
our partnership with Microsoft to bring
together complementary assets
and expertise to form a global mobile ecosystem
for smartphones; B)
the timing and expected benefits of our new strategies, including
expected operational and financial benefits and targets as well
changes in leadership and operational structure; C) the timing of
the deliveries
of our products and services; D) our ability to
innovate, develop, execute and
commercialize new technologies,
products and services; E) expectations regarding
market developments
and structural changes; F) expectations and targets regarding our
industry volumes, market share, prices, net sales and margins of
products and services; G) expectations and targets regarding our
priorities and results of operations; H) expectations and
targets regarding collaboration and partnering arrangements; I) the
outcome of pending and threatened litigation; J) expectations
regarding the successful completion of
restructurings, investments,
acquisitions and divestments on a timely basis and
our ability to
achieve the financial and operational targets set in 
any such restructurings, investments, acquisitions and divestments;
and K) statements preceded by "believe," "expect," "anticipate,"
"foresee," "target,"
"estimate," "designed," "aim", "plans,"
"intends," "will" or similar expressions. These statements are based
on management's best assumptions and
beliefs in light of the
information currently available to it. Because they involve risks and
uncertainties, actual results may differ materially from the
that we currently expect. Factors that could cause these
include, but are not limited to:  1) our success in the
smartphone market, including our ability to introduce and bring to
market quantities of attractive,
competitively priced Nokia products
that operate on the  Windows Phone operating
system that are
positively differentiated from our competitors' products,
outside and within the Windows Phone ecosystem; 2) our ability
to make Nokia
products that operate on the Windows Phone operating
system a competitive choice
for consumers, and together with
Microsoft, our success in encouraging and supporting a competitive
and profitable global ecosystem for Windows Phone products that
achieves sufficient scale, value and attractiveness to all
participants; 3) reduced demand for, and net sales of, Nokia
products that operate on the Windows Phone 7 operating system in
anticipation and availability
of Nokia products with the new Windows
Phone 8 operating system; 4) the difficulties we experience in having
a competitive offering of Symbian devices
and maintaining the
economic viability of the Symbian smartphone platform during
transition to Windows Phone as our primary smartphone platform; 5)
our ability to effectively and timely implement planned changes to our
structure, including the planned restructuring measures,
and to successfully
complete the planned investments, acquisitions
and divestments in order to improve our operating model and achieve
targeted efficiencies and reductions in operating expenses as well as
our ability to accurately estimate the related
restructuring charges
and restructuring related cash outflows; 6) our future
performance, among other factors, may require us to recognize
related to excess component inventory, future purchase
commitments and inventory
write-offs  in our Devices & Services
business;  7) our ability to realize a
return on our investment in
next generation devices, platforms and user experiences; 8) our
ability to produce attractive and competitive devices in our Mobile
Phones business unit including feature phones and devices with more
smartphone-like features such as full touch devices, in a timely and
cost efficient manner with differentiated hardware, software,
localized services and
applications; 9) the intensity of competition
in the various markets where we do business and our ability to
maintain or improve our market position or respond
successfully to
changes in the competitive environment; 10) our ability to retain,
motivate, develop and recruit appropriately skilled employees; 11)
success of our Location & Commerce strategy, including our
ability to establish
a successful location-based platform, extend our
location-based  services across
devices and operating systems,
provide support for our Devices & Services business and create new
sources of revenue from our location-based services and
assets; 12) our actual performance in the short-term and
could be materially different from our forecasts, which
could impact future estimates of recoverable value of our reporting
units and may result in impairment charges; 13) our success in
collaboration and partnering arrangements
with third parties,
including Microsoft; 14) our ability to increase our speed
innovation, product development and execution to bring new innovative
competitive mobile products and location-based or other services
to the market
in a timely manner; 15) our dependence on the
development of the mobile and communications industry, including
location-based and other services industries,
in numerous diverse
markets, as well as on general economic conditions globally
regionally; 16) our ability to protect numerous patented standardized
proprietary technologies from third-party infringement or actions
to invalidate
the intellectual property rights of these technologies;
17) our ability to maintain and leverage our traditional strengths in
the mobile product market if we are unable to retain the loyalty of
our mobile operator and distributor customers and consumers as a
result of the implementation of our strategies or
other factors; 18)
the success, financial condition and performance of our suppliers,
collaboration partners and customers; 19) our ability to manage
efficiently our manufacturing and logistics, as well as to ensure the
safety, security and timely delivery of our products and
services; 20) our ability to source sufficient amounts of fully
functional quality components,
sub-assemblies, software and services
on a timely basis without interruption and on favorable terms; 21)
our ability to manage our inventory and timely adapt our supply to
meet changing demands for
 our products; 22) any actual or even
defects or other quality, safety and security issues in our
products; 23) the
impact of a cybersecurity breach or other factors
leading to any actual or alleged loss, improper disclosure or leakage
of any personal or consumer data
collected by us or our partners or
subcontractors, made available to us or stored in or through our
products; 24) our ability to successfully manage the
pricing of our
products and costs related to our products and operations;
exchange rate fluctuations, including, in particular,
fluctuations between the
euro, which is our reporting currency, and
the US dollar, the Japanese yen and
the Chinese yuan, as well as
certain other currencies; 26) our ability to protect the
technologies, which we or others develop or that we license,
claims that we have infringed third parties' intellectual
property rights, as
well as our unrestricted use on commercially
acceptable terms of certain technologies in our products and
services; 27) the impact of economic, political, regulatory or other
developments on our sales, manufacturing facilities and assets
located in emerging market countries; 28) the impact of
changes in
government policies, trade policies, laws or regulations where
assets are located and where we do business; 29) the potential
complex tax issues and obligations we may incur to pay additional
taxes in the various jurisdictions in which we do business and our
actual or anticipated performance,
among other factors, could result
in allowances related to deferred tax assets;
30) any disruption to
information technology systems and networks that our operations rely
on; 31) unfavorable outcome of litigations;  32) allegations of
possible health risks from electromagnetic fields generated by base
stations and mobile products and lawsuits related to them, regardless
of merit; 33) Nokia
Siemens Networks ability to implement its new
strategy and restructuring plan
effectively and in a timely manner to
improve its overall competitiveness and
profitability; 34) Nokia
Siemens Networks' success in the telecommunications
services market and Nokia Siemens Networks' ability to effectively
and profitably adapt its business and operations in a timely
to the increasingly diverse service needs of its customers;
35) Nokia Siemens
Networks' ability to maintain or improve its market
position or respond successfully to changes in the competitive
environment; 36) Nokia Siemens Networks' liquidity and its ability to
meet its working capital requirements;
37) Nokia Siemens Networks'
ability to timely introduce new competitive products, services,
upgrades and technologies; 38) Nokia Siemens Networks' ability to
execute successfully its strategy for the acquired Motorola
wireless network infrastructure assets; 39) developments
under large, multi-year
contracts or in relation to major customers
in the networks infrastructure and
related services business; 40) the
management of our customer financing exposure, particularly in the
networks infrastructure and related services business; 41) whether
ongoing or any additional governmental investigations into
violations of law by some former employees of Siemens may involve
affect the carrier-related assets and employees transferred by
Siemens to Nokia
Siemens Networks; and 42) any impairment of Nokia
Siemens Networks customer relationships resulting from ongoing or any
additional governmental investigations involving the Siemens
carrier-related operations transferred to
Nokia Siemens Networks, as
well as the risk factors specified on pages 13-47 of Nokia's annual
report on Form 20-F for the year ended December 31, 2011 under
3D. "Risk Factors." Other unknown or unpredictable factors or
assumptions subsequently proving to be incorrect could
cause actual results  to
differ materially from those in the
forward-looking statements. Nokia does not
undertake any obligation
to publicly update or revise forward-looking statements, whether as a
result of new information, future events or otherwise,
except to the
extent legally required. 
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originality of the information contained therein. 
Source: NOKIA via Thomson Reuters ONE 
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