Linked by Thom Holwerda on Tue 3rd Sep 2013 21:21 UTC
Microsoft

Microsoft's agreement to buy Nokia's handset business, codenamed Project Gold Medal, was more of a sprint than a marathon.

Talks between the two companies began in February after both sides agreed a two-year-old collaboration on smartphone development wasn't working, according to people familiar with the deal.

This cannot be true. Internet commenters told me in no uncertain terms that Nokia and Windows Phone were doing just fine. And internet commenters are always right.

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RE[3]: Comment by Nelson
by nej_simon on Wed 4th Sep 2013 11:49 UTC in reply to "RE[2]: Comment by Nelson"
nej_simon
Member since:
2011-02-11

It goes against what's confirmed and established, ...


No, it goes against what YOU think is confirmed and established. In case you haven't noticed it, not a lot of people agree with your view. Including Nokia's own shareholders who where becoming increasingly impatient with Elop and his lack of results (http://arstechnica.com/business/2013/05/shareholder-to-nokia-ceo-ar...), while you where telling everyone that Nokia was doing just great.

Reply Parent Score: 6

RE[4]: Comment by Nelson
by Nelson on Wed 4th Sep 2013 13:38 in reply to "RE[3]: Comment by Nelson"
Nelson Member since:
2005-11-29

Find me one company where every shareholder is happy with the direction of the company, this is absurd.

Fwiw I've talked to plenty on the inside who are happy with the direction Mr Elop took, and plenty who are not.

I think the most heroic thing about it is happy or not, those on the inside gave their 100%. That's something that's rare, and I fear will be a culture clash with some of the lackadaisical divisions within MSFT.

Reply Parent Score: 2

RE[5]: Comment by Nelson
by crocodile on Fri 6th Sep 2013 13:53 in reply to "RE[4]: Comment by Nelson"
crocodile Member since:
2010-01-18

NOKIA SMARTPHONE DIVISION PERFORMANCE UNDER ELOP

First 6 months - Smartphone quarterly revenues up 29% from 3.4B Euro to 4.4B Euro
Next 2.5 years - Smartphone quarterly revenues down 73% from 4.4B Euro to 1.2B Euro

First 6 months - Smartphone quarterly profit up 94% from 283M Euro to 548M Euro
Next 2.5 years - Smartphone quarterly profit of 548M Euro turned into loss of -168M Euro

First 6 months - Smartphone quarterly volume up 18% from 24.0M units to 28.3M units
Next 2.5 years - Smartphone quarterly volume down 74% from 28.3M units to 7.4M units

Nokia smartphone market share when Elop started - 35%
Nokia smartphone market share when Elop departed - 3%

Nokia ranking smartphones when Elop started - 1st
Nokia ranking smartphones when Elop departed - 9th

Gap to leader when Elop started - twice as big as number 2 (RIM) or number 3 (Apple)
Gap to leader when Elop departed - Samsung smartphones is 12x bigger than Nokia smartphones

(from: http://communities-dominate.blogs.com/ )

Reply Parent Score: 2