Oct 15
Some joint ventures have a defensive aspect -- for example, when a couple of companies combine subsidiaries to try and stay a step ahead of consolidation in a sector. That was the case in April 2007 when Nokia Oyj (NYSE:NOK) and Siemens AG (NYSE:SI) folded their telecom infrastructure businesses into Nokia Siemens Networks. But such a JV also needs to play good offense, and on that count, Nokia Siemens hasn't done so well. Thursday's news that Nokia will take a goodwill write-down of €908 mi
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