Nokia battery recall to cost Matsushita up to $172m
Print storyPosted in Financial News, 24th August 2007 14:49 GMT
Free Download - Security Web 2.0
Nokia's decision to recall 46m mobile phone batteries is going to cost their manufacturer, Matsushita, up to $172m, the Japanese company admitted today.
Matsushita - better known for its Panasonic brand - said it would shoulder the ¥10-20bn ($86-172m) cost of the battery replacement programme. It said the burden wouldn't force it to reconsider its forecast of ¥477bn ($4.1bn) profits for the year to March 2008.
The Finnish phone giant asked consumers to return the batteries - model number BL-5C - earlier this month, warning that the power packs could overheat. That in turn could create a short circuit causing the cells to - as Nokia put it - "dislodge".
By 'dislodge', we assume Nokia has in mind something a little more hazardous to life and limb than the BL-5C falling out of the phone. How else are we to take the claims by Japanese boffins that lithium-ion batteries are inherently flawed and all those cases of spontaneously combusting battery-powered laptops?
That said, Nokia was quick to point out that "no serious injuries or property damage have been reported".
Not all BL-5Cs have been recalled - only those made by Matsushita between December 2005 and November 2006.
Ten Cooling Solutions to Support High-Density Server Deployment [WP42]
Implementing Energy Efficient Data Centers [WP114]
An Improved Architecture for High-Efficiency, High-Density Data Centers [WP126]
The Register Guide to Extended Validation
Online Social Networking: The Employer's Dilemma
The GUI that almost conquered the pocket
HP breaks Japanese excessive packaging record
Still sending naked email? Get your protection here
OpenOffice 3.0 - the only option for masochistic Linux users