Nokia 2003 Annual Report Download - page 35

Other examples of terminals that the Terminals unit currently offers include the Nokia 6800, Nokia
6810 and Nokia 6820 messaging devices. All of these products have innovative design features
with flip-access to a full QWERTY keyboard to enable quick and convenient text input.
Nokia Ventures Organization in 2003
Nokia Ventures Organization existed to identify and develop new business ideas outside Nokia’s
current focus and to contribute to the growth and renewal of our existing core businesses. As part
of its mission, the continuous renewal of Nokia, several parts of the Nokia Ventures Organization
were integrated into Nokia’s other business groups during 2003 and in connection with our
re-organization effective January 1, 2004.
Nokia Internet Communications and Nokia One have been moved to the Enterprise Solutions
business group, while Nokia Home Communications was moved to the Multimedia business group.
Within Research, Venturing and Business Infrastructure, we intend that Nokia Ventures
Organization will continue to act as an incubator, nurturing ideas through the development phase
to profitable commercialization.
The following table sets forth net sales, operating profit (loss) and average number of employees
for Nokia Ventures Organization during the past three years.
Nokia Ventures Organization Net Sales, Operating Profit (Loss) and
Average Number of Employees
Year ended December 31,
2003 2002 2001
EURm, except average
number of employees
Net sales ................................................... 366 459 585
Operating profit (loss) ........................................ (161) (141) (855)
Average number of employees ................................. 1 536 1 566 2 155
Nokia Internet Communications: In the first half of 2003, revenue at Nokia Internet Communications
continued to be affected by the slowdown in information technology spending. During the second
half of 2003, the market began to show signs of improvement. Enterprises continued to rank
spending on corporate network security as among their highest priorities with positive effects on
the overall market growth in 2003. Sales at Nokia Internet Communications were slightly lower
year on year, reflecting the continued weakness of the US dollar.
The unit introduced new product categories and solutions in 2003 that expanded Nokia’s network
security appliance portfolio beyond perimeter security into the secure content management and
connectivity arenas. New products focused predominantly on extending mobility to enterprise
workforces, protecting corporate e-mail content and providing firewall/virtual private network
benefits to remote offices.
Nokia Home Communications: During 2003, Nokia continued renewing and broadening its product
portfolio of advanced digital satellite, terrestrial and cable television receivers with new receivers
for consuming, sharing and storing diverse digital content. These new products increased the
interoperability between digital TV receivers and mobile phones and devices. Nevertheless, sales in
2003 for Nokia Home Communications declined compared to 2002.
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