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[7]: Its a restructuring
by shmerl on Fri 15th Jun 2012 07:48 UTC in reply to "RE[6]: Its a restructuring"
shmerl
Member since:
2010-06-08

It's a bit more complex than that, since Nokia is not a monolith. Some probably benefited from MS money, others not (as you see many simply lost jobs). Those who benefited may be interested in their personal gain, rather than in success of Nokia as a whole. Who knows. Many within Nokia warned that MS deal will be practically lethal for the company. But those who were making the decision apparently didn't care.

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