Linked by Thom Holwerda on Fri 25th Jan 2013 14:20 UTC
PDAs, Cellphones, Wireless Buried deep within Nokia's press release about its financial results, there's a line that pretty much signals the end of one of the most popular and successful mobile operating systems in history. With Nokia retiring its use, Symbian is no more.
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UltraZelda64
Member since:
2006-12-05

Who would've guessed... you shut down your production and research sites in various countries, get rid of your employees, even sell your main headquarters, and you make a little bit of profit! After you've cut thousands of jobs around the world and shut down or sold your properties, suddenly your loss of profit becomes lower: there is no one left to pay and you're left with fewer taxes and property expenses to have to pay.

Once all of their property and talent is sold, at best, Nokia will only be a shadow of their former self. They might as well just end themselves now, just have Kamikaze Elop hurry up and finish what he started. End the company's pain and suffering. They won't really matter in the end at this rate.

Reply Parent Score: 3

Nelson Member since:
2005-11-29

Yes basically, Elop has restructured Nokia and made it leaner and more efficient than before. I honestly can't believe you're arguing against cost saving measures.

Elop has positioned his company to be more financially secure and as a result has ensured the continued execution of the transition.

What was your excuse last quarter? What will be your excuse next quarter?

Reply Parent Score: 2

UltraZelda64 Member since:
2006-12-05

The one true cost-saving measure would be just getting it over with and dissolving. And after pawning off all their talent and research/production facilities, pretty much everything they had, they'd probably be better off just doing that.

Reply Parent Score: 3

Soulbender Member since:
2005-08-18

Who would've guessed... you shut down your production and research sites in various countries, get rid of your employees, even sell your main headquarters, and you make a little bit of profit! After you've cut thousands of jobs around the world and shut down or sold your properties, suddenly your loss of profit becomes lower: there is no one left to pay and you're left with fewer taxes and property expenses to have to pay.


Maybe it's says something about how the company was managed up until recently...

Reply Parent Score: 2

cdude Member since:
2008-09-21

Up until recently or to be more exact till the quarter Elop issued his burning Nokia memo, destroying there cash-cow a year before they had the new product in markets, Nokia was number 1 for many many years, making huge profits, increasing them quarter by quarter.

Take the real asset Nokia has left as example. There patent portfolio. 50 billion dollar! This was and is the fruit of all the decades of heavy R&D investment done before, of factories producing world-record phones, of talented emplyees, clever management and high-quality producs loved by customers. The patents portfolio, there biggest current asset left, and the years of profits, of cash reserve, market lead and grow. All gone with the burning Nokia memo except the patents. Parts of the patents turned into cash already (eg RIM's recent payments saving Nokia's Q4 numbers, Apple's payments the quarter before, the sell off of a few of that patents to patent-trolls, etc pp).

Today's Nokia ia still living and surviving from all the succesful years before that ARE result of that invesments. Sure, somebody like Elop could have joined Nokia 15 years ago already and save lots of cash by decreasing all investment already back then. Streamline like Nelson named it. Then today there would be no Nokia. That's the facts.

And now after all this "streamlining" we have to ask a question impossible to even think about just some years ago: Will there be a Nokia in 5 years?

Edited 2013-01-27 08:39 UTC

Reply Parent Score: 3