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Offloads display business to focus on Net

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Nokia is selling its Display Products branded business to ViewSonic and pulling out of the monitor manufacture market. The agreement, due to be signed this month, will give the US company access to Nokia's high-end display products worldwide, a bigger European sales force, as well as its customer base - in Europe and the Americas. The deal follows Nokia's announcement earlier this month of the sale of its display plant in Pecs, Hungary, to Elcoteq. This saw Nokia offload the 30,000 square metre factory and its 1,400 staff to the fellow Finnish company for an undisclosed sum. Elcoteq is to continue producing displays for Nokia. Nokia's other plants in Salo, Finland, and Reynosa, Mexico are also to cease display manufacture. Nokia said it planned to plough efforts into developing its newly formed Mobile Display Appliances venture, working on its wireless and Internet technologies. "Nokia has become the leader in mobile Internet technologies and the fast developments in this area offer us new opportunities to serve the emerging digital industry," said Reijo Lantto, president of Nokia Display Products. ®

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