Linked by Thom Holwerda on Thu 14th Jun 2012 15:15 UTC, submitted by Jos
PDAs, Cellphones, Wireless And the burning platform is still, uhm, burning. "Chief Executive Stephen Elop is placing hopes of a turnaround on a new range of smartphones called Lumia, which use largely untried Microsoft software. But Lumia sales have so far been slow, disappointing investors." It's a shame to see a once proud company in such a downward spiral, but alas, it's the way of business. If you get complacent - as Nokia had gotten - you will fail.
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RE: Comment by stabbyjones
by tylerdurden on Fri 15th Jun 2012 00:53 UTC in reply to "Comment by stabbyjones"
tylerdurden
Member since:
2009-03-17

Things make perfect sense if you look at it from the perspective of a Microsoft shareholder not a Nokia one, the current CEO of Nokia has (or used to have) a very sizable quantity of Microsoft stock.

Nokia is stuck with having to bet the farm as the OEM of a 3rd party commodity OS with little penetration in the market.

Frankly I have no idea why Nokia's shareholders haven't sued the shit out of Elop and friends for the clear conflict of interests, but then again holding Nokia stock currently does not really seem like a display of intelligence. Unless they are betting on Microsoft buying Nokia through a decent stock offer.

Edited 2012-06-15 01:01 UTC

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