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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Comment by stabbyjones
by stabbyjones on Thu 14th Jun 2012 21:24 UTC
stabbyjones
Member since:
2008-04-15

As a rational and sane human being, I don't understand a single thing Nokia has been doing. They must hate money and success.

Reply Score: 19

RE: Comment by stabbyjones
by tylerdurden on Fri 15th Jun 2012 00:53 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

Reply Parent Score: 8

RE[2]: Comment by stabbyjones
by Nelson on Fri 15th Jun 2012 01:25 in reply to "RE: Comment by stabbyjones"
Nelson Member since:
2005-11-29

Can we for one Nokia thread, stop this ignorant bs.

Stephen Elop was prohibited from dumping shares by law when he left Microsoft.

He was again, prohibited by law, from dumping his shares during the negotiations.

Besides this, the Nokia Board is the one who made the ultimate decision to adopt Windows Phone. Unless the entire Board is full with Microsoft plants, this theory holds no water.

I know its a lovely fairytale people like to tell, but its not true. Despite how much you'd love for it to be true, it simply is not.

Reply Parent Score: 5