Linked by Thom Holwerda on Thu 18th Oct 2012 10:56 UTC
PDAs, Cellphones, Wireless Things ain't going well for Nokia. Their quarterly results are - again - a disaster, and Lumia sales have dropped 28% (50% if you look at just the US). Windows Phone 8 is really going to be a make-it-or-break-it kind of thing. If it doesn't go well, the company might consider going back to focussing on rubber boots.
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RE[2]: Comment by MOS6510
by MOS6510 on Thu 18th Oct 2012 15:22 UTC in reply to "RE: Comment by MOS6510"
MOS6510
Member since:
2011-05-12

I knew about Osborne, but after I posted the Wikipedia link I noticed Elop gets mentioned at the end. Hum, Elop and "the end". They do seem like a nice match.

Still it's hard to imagine Nokia going from #1 to going bust in just a few years.

Reply Parent Score: 2

RE[3]: Comment by MOS6510
by cdude on Fri 19th Oct 2012 05:23 in reply to "RE[2]: Comment by MOS6510"
cdude Member since:
2008-09-21

According to various sources this, the speed of the Nokia downfall, is world record. Never was there a company that lost so much so fast.

Impossible to argue against serious management failures. The worst thing is that exactly that is happen. Nokia keeps course, denies reality, closes it eyes and continues to say "but it will turn around by 180 degree next months!". Did anyone found a satisfying answer to the question "why?"?

Edited 2012-10-19 05:27 UTC

Reply Parent Score: 1

RE[3]: Comment by MOS6510
by christian on Fri 19th Oct 2012 10:33 in reply to "RE[2]: Comment by MOS6510"
christian Member since:
2005-07-06

Still it's hard to imagine Nokia going from #1 to going bust in just a few years.


Could this be construed as fraud? If Elop is driving Nokia into the ground to make it ripe for takeover, are there legal or civil action that can be taken for doing so, from existing Nokia shareholders for example?

Reply Parent Score: 1

RE[4]: Comment by MOS6510
by MOS6510 on Fri 19th Oct 2012 10:38 in reply to "RE[3]: Comment by MOS6510"
MOS6510 Member since:
2011-05-12

Well, I'm no lawyer, but I'd say fraud won't make it. Mismanagement might although that would be very difficult to prove.

But it's not likely Nokia will go bust and close shop, before that some company will step in and buy it, if only for the patents.

Reply Parent Score: 2