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Old 08-30-2007, 10:00 AM   #1 (permalink)
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Nokia and Matsu****a agree on defective battery costs


Filed under: Handsets, Nokia, Misc
Sorry, if you came here looking for actual numbers, there aren't any. However, Nokia did announce that Matsu****a Battery will be left holding the bag for all "direct costs" related to the overheating Nokia-branded batteries produced by the Japanese manufacturer. Specifically, that includes "logistics costs, call center costs, and replacement battery costs" among others. Notably absent: legal costs.

Update: A statement issued by Matsu****a says that the recall will cost them between $86 and $172 million -- the low end of analyst predictions.
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