Rochester,NY 6/26/2009 8:37:21 PM
NOK,Foreign Firms Trading With Iran Face Limits
Nokia Corp
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Nokia Corp,NOK
After Hours: 14.90 Up 0.21 (1.43%) 8:31am ET
Lawmakers are seeking to crack down on foreign companies that provide spy technology to Iran with a bipartisan bill that would bar firms that provide sensitive technologies to Iran from doing business with the U.S. government.
The legislation responds to a Wall Street Journal article this week that Iran had built an extensive monitoring system, including equipment provided by a joint venture of Finnish cellphone maker Nokia Corp. and German conglomerate Siemens AG.
Both companies do extensive business with U.S. agencies. Siemens has nearly 2,000 contracts with the U.S. government valued at a total of more than $250 million for 2009, according to a federal government spending Web site. It holds more than 300 contracts with the Pentagon alone, and many more with the Departments of Homeland Security, Justice, and Energy.
AboutNokia Corporation manufactures mobile devices, and provides Internet services and digital map information worldwide. The company?s Devices & Services segment designs, develops, and manages its mobile device portfolio, including the sourcing of components. It also offers consumer Internet services in music, maps, media, messaging, and games and working areas. Its NAVTEQ segment provides digital map information and related location based content and services for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. Its map database enables its customers to offer dynamic navigation, route planning, location-based services, and other geographic information-based products and services to consumer and commercial users. This segment also provides its database to mobile device and handset manufacturers, automobile manufacturers and dealers, navigation systems manufacturers, software developers, Internet portals, parcel and overnight delivery services companies, and governmental and quasi-governmental entities.
Last Trade: 14.69
Day's Range: N/A - N/A
52wk Range: 8.47 - 28.34
Volume: 185,234
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