Nokia signs ?500 million loan for Symbian R&D
You'd think a company like Nokia could just finance whatever it wanted, but just to be safe, it's signing a loan agreement with the European Investment Bank (EIB) to the tune of €500 million ($623.9 million). Why the sudden need for cash? According to Reuters, the five-year loan will be used in part to "finance software research and development (R&D) projects Nokia is undertaking during 2009-2011 to make Symbian-based smartphones more competitive." More specifically, those R&D activities will "also benefit the work of the Symbian Foundation and its development of open-source software for mobile devices." Sadly, that's absolutely it for details, but we get the idea we'll be hearing more about this soon. We hear you can accomplish some pretty wild goals with a half billion Euros.























is it just me or would that be an awesome handset?
I recon they should make that phone, it would be a huge success, i mean the technology is available now..
Yeah, it probably wouldn't run any real smartphone OS or anything, but we can make the outside the exact same.
(Simply use two AMOLED capacative touchscreens and slightly curve everything and we're done!)
Agreed, but doesn't anyone think it looks like a weird/future i-Pod nano? Either way I would still buy it.
I think it doesn't look anything like something Apple would make -- the design cues just aren't there.
FYI, I consider that refreshing.
Aeon = nice. http://www.engadgetmobile.com/2006/10/08/nokias-aeon-full-surface-screen-cellphone-concept/
369EkO, do you realize you just have the apple fanboys the ultimate "argument"?! Now ANYTHING can be claimed a rip-off of future Apple designs! :)
all hail the future nanotech gadgets and phones !!!! the morph is comming :P
http://www.youtube.com/watch?v=IX-gTobCJHs
That phone is beautiful!!! Nokia could sell so many of these. And think what it would look like in red or blue or almost any color. So awesome.
Now wasn't there some kind of article or something underneath it?
that would be a hot phone, get a flexible OLED, oh my, i like the green to
TT:
The Nokia E55 coming out this year is that size and is a full featured smartphone running a 600Mhz CPU and Symbian. Nobody makes smaller smartphones today.
Drool inducing designs:
http://www.yankodesign.com/2008/10/10/a-phone-thats-not-afraid-to-mess-with-water/
http://www.yankodesign.com/2008/10/15/if-nokias-aeon-and-a-nano-had-sex/
http://www.nokia888.com/
Now introducing, the Nokia Matrix! Stay plugged in wherever you are!
comes with choice of red or blue tooth earpiece, choose wisely.
Pretty but more as a secondary phone as its very simple. I would say it is a phone design mainly to make calls. It has to be touch screen as it has no letters on the dial-pad, no trackball or other buttons to select menus etc..
Its a nice design though, very clean.
Make it a dual-screen concept, so the dial pad changes based on what you're doing to letters or zoom controls or whatever. The concept is actually possible and would probably sell exceptionally well due only to the looks.
You're probably right, but I can see this phone being powerful because of its simplicity... Like if the number keys were oled they could morph into letters when you would need to input text, that would be really cool.
Hope we could see nokia morph, aeon in near future.
I like how no one is commenting on the article, only looking at the pretty concept pic.
lol yeah...the attention spa...*oooooh shiny*!
That picture just shows the old Aeon concept - first shown in what, 2003?
When can I get one of those?!?
@ Francisco Viana, you know if you flip that thing over there's a 1024x768 capacitive touch screen running Symbian S90 on an Intel Core i7. If that's your idea of a secondary phone, I'd love to see your primary celly.
it's an old concept phone, but the Chinese have made some crappy knockoffs...
Nokia is probably going to use this money to research direct neural interfaces. No need for messy touchscreens or old-fashioned keyboards!
Congratulations with the first 'on topic' comment for this article!
That guy has one seriously long pinky...and seems to be missing his other fingers...
it's million, not billion... (referring to the second last word)
half a billion is 500 million.
@ Gnormie
Exactly what I was thinking.
"Why the sudden need for cash?"
Simple. Apple. Nokia is about to copy Microsoft M.O.
Is this the handset that runs on grass?
where can i buy one?
is that the future nokia phone ?
LOL companies like Nokia financing whatever it wanted? We wouldn't need investment bankers then... A lot of companies don't finance out of their free cash flows, they draw on debt or equity. That said, just glancing over Nokia's balance sheet it does have 30 billion euros in current assets, so maybe they just wanted to lever up.
EIB money is very cheap money (low interesr rate). Makes perfect sense to take, even if one is running a money printing operation like Nokia has for the past 15 years or so.
I think this bit of news is a bigger deal than people realize. Nokia now has basically guaranteed that they will stay in the forefront of the mobile space. Looking beyond touch screen phones, I think this investment is for the next generation of mobile devices. What that is, I have no idea. All you have to do is take a look at Nokia's R & D operations to get a sense of what they are working on. Whatever it is, it should be pretty exciting.
Yes, but as a Nokia user for the past 6 years and they seem to be sort of slipping behind. The products are still competitive but only because of the huge momentum they have. I know they don't have a flagship today that competes with the best hardware, but I still use a Nokia because I have software for it and for now it works fine for everything I need done. But that Palm keeps calling me, even over the N97 which frankly seems like a 5800 with a bigger screen and a new Active Standby screen.
I wonder when or if they will release this phone.
Everytime you guys put that picture up of this phone, I want one so badly and would drop my IPhone in a heartbeat for this thing! Damn you engadget!
That is the coolest phone I've seen yet. Hopefully it will catch on and someone will make it. It will have to be look exactly like that for the end users though. Question is, can they fit a screen in a phone all the way up to the edge like that? I guess we'll see some day.
A big leap for Nokia. Hopes that it would not kick the bucket on the leap.
This would be a cool design for the Virtue phone.
that phone is brilly brills
tomo
want green phone