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[2]: Comment by stabbyjones
by Nelson on Fri 15th Jun 2012 01:25 UTC 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

tylerdurden Member since:
2009-03-17

If you're going to try to pass your own personal opinion as validated fact, at least make sure you understand what you're writing: e.g. If Nokia's CEO was forbidden to dump his Microsoft stock during the negotiations, that means it is in his best interest for said stock to gain or maintain its value. Which is exactly what was implied from what I wrote.

Edited 2012-06-15 02:34 UTC

Reply Parent Score: 2

RE[4]: Comment by stabbyjones
by Nelson on Fri 15th Jun 2012 02:53 in reply to "RE[3]: Comment by stabbyjones"
Nelson Member since:
2005-11-29

Except that his share divestment began a month after he joined Nokia, but had to cease during the time which he was undergoing Negotiations because of insider trading laws.

He disposed of 23,000 shares (half a million valuation) in August 2010.

In fact, the week after Barcelona he sold all his MSFT stock and bought Nokia stock. He is third largest shareholder among the Nokia leadership now.

Reply Parent Score: 4