I was at Nokia from 2005 thru the end of 2010 and it was all due to the former CEO and his team that has put Nokia where it is today. OPK and his top management team had no clue about the market and or devices and should have been tossed out in 2007. He and his team wasted hundreds of billions of dollars. I like to say Nokia was like the Titanic heading for an iceberg and the rudder was broken, Stephen Elop came in and fixed the rudder but Nokia still scrapped the icebergs and is now still in repair mode. I still give him lots of credit for walking into a pile of you know what ! and trying to fix a big mess. I must say I had hoped Microsoft would have bought it and spun off NSN.
Why Nokia Cannot Afford To Miss The Tablet Bus [View article]
yes the tablet market should be a priority for Nokia to get into, and they should first look at the medical field, since this field is a huge user of Windows OS, a WP8 should be and needs to become a natural fit, for the medical community. While I was at Nokia I was pushing this back in 2008 - 2010 and got no traction by management.
Ford (F) CEO Alan Mulally says the company will continue to oppose Japan's entry into free trade talks with the United States until the nation opens its markets for more U.S. cars and works on measures to strengthen the yen. The exec called the automobile market in Japan the most closed in the world. [View news story]
Good for Alan speaking out about free trade! But Japan is not the only country we need to fix our trade imbalance with! The US should take an approach that if you want to due business here that you have to play by fair trade rules.
Nokia (NOK) is seeking to block the sale of most RIM (RIMM) products in the U.S., Canada and U.K. through the enforcement of the ruling of an arbitrator, which found in favor of the Finnish company in a dispute over patents related to its wireless local access network (WLAN) technology. The arbitrator, the firm says, ruled that RIM is "not entitled to manufacture or sell WLAN products without first agreeing royalties with Nokia." [View news story]
@dickboy
Just hold on and wait for it to turn around I bought in at $5.60 thinking they had hit bottom, but NSN is doing well now, Nevteq is doing well, and WP8 will overtime do well also. Mr. Elop had no choice but to dump Symban and go with another OS.
Why Nokia Didn't Make A Mistake By Giving AT&T 'Exclusivity' [View article]
Stephen Elop should be given great credit for stepping into a pile of doo doo, that was left behind by others before him that wasted resources and money on worthless ventures. People criticize him for dumping Symbian OS, but it was losing market share in the smartphones fast and was only still making money in the lower end market. Internal people warned management back in 2008 that Linux OS was the way to go and the Symbian people squashed almost all efforts to change. He still has a long way to go in fixing a mess and I wish him well in it. By the way Navteq mapping was the one purchase they made that was worth it, and is now showing the world that it is a leading in mapping and navigation.
I am not say Elop may have not made some mistakes, but OPK ran Nokia into the ground.
Example: $450 + million to buy Intellisync Mobile in early 06 and dumped another 100 million into fixing it, only to shut it down in 08, mobile email solutions never lasted more than 6 months then a new solution came out. OPK led the drive to build a high end Netbook long after they where seen as no longer a hot item., Purchased remaining shares of Symbian foundation 400-500 million, on an OS the world said was old, and dying. 8.5 Billion on Nevteq maps and all the money spent on Ovi. Every 6 months there was another reorg going on.
Where as Steven Elop walked into a huge mess and has been cleaning it up and trying to turn it around. This my friend takes time and is an up hill battle when you have loss market share and have to reinvent your product line. so I would put 95% blame on the former CEO and his team, and 5% on Elop for the stock price.
Nokia's stock will go up when their products start making bigger headway into the mobile market and make money the old fashion way and earn it and not make it by cuts
Nokia's (Hidden) Value - Part 2: Potential [View article]
Most of Nokia's restructuring cost will be completed by the end of Q4 2012 and I believe in Q1 2013 with the launch of new WP8 devices in Q4 for AT&T, Verizon & T-Mobile you will see profits coming back. Mr. Elop had a very big job fixing years of miss management and waste, you could compare Nokia with Ford in that both where in decline, and needed someone to step in and make major changes.
China And Europe To Rescue Ford Stock? [View article]
Alan is doing exactly what needed to be done to Ford as with many other companies, trim it down to a lean machine with focus on their main products (Building Fords cars & Trucks). Ford over extended itself back in the early 90's by buying auto companies that were in trouble and at the time they had the cash to do it but they also over extended themselves. When cash got tight they had too many products to service, but this is what happens when a CEO goes on a buying binge for companies when they are flush with cash.
So if you understand his thinking and vision Alan's is not done making Ford lean, clean and mean! His style of management should be taught at Harvard Business School. Just watch Ford Rebuilding an American Icon and learn what it takes to be a turnaround CEO (leader)
Is Time Running Out For Nokia's Stephen Elop? [View article]
Yes Trying to pivot a large corporation into a new strategic direction is no mean feat!
So many people think of this as simple as turning on / off a light switch, Nokia has legal commitments in many countries and has to pay these laid off works 12 months of salary, which hurts their bottom line, and most of this will end in Q4 2012. So WP8 os devices should do very well for them in Q3 and Q1 2013. And more so if AT&T and Verizon sell them. My bet is Q2 you will see NOK selling at $6 - $8 or better
I think Nokia could turn things around, but they must get leaner and meaner in their approach. Nokia is like all other giants that still has to much fat hanging on and needs to reduce its size, which means letting more people go, which is a fact of life for companies that take their eyes off the road as others past them by. Microsoft and Nokia could take advantage of their hardware / software in the medical field and look at replacing laptops with tablets, to make users more mobile. They should add Cellular & VOIP to tables with Bluetooth so mobile people can take calls also. Note most hospitals software runs on windows so a tablet running on WP8 would be a nice nitch for them.
To Charles If you had worked at Nokia, then you would know that what has happened at Nokia is not Elops fault! He came into Nokia which had been mis-managed by OPK for years. I was in a meeting with his CTO and asked him a question and after hearing his answer I realized both men where clueless about where mobile technology was going. Stephen had to make lots of changes in a hurry and so picking WP OS was one of I am sure a few choices he had. Symbian was a dead OS, MeeGo was good but not in the market yet and would be going head to head with Android and Microsoft was willing to help Nokia make WP 7-8 a mobile OS player. I do wish he had also continued with MeeGo, and partnered with Palm's WebOS to give the world an alternative to Android OS.
Nokia Will Probably Launch Android Phones [View article]
They should have stayed with MeeGo as a second OS option for the current line of devices. Maybe he should go back to the team who took over MeeGo and have them port it over to the new line of devices!
The Past, Present, And Future Of Nokia [View article]
I tried the WP* Lumia 920, and it was OK, but who ever designed it, should thought about holding it in one hand and clicking on menus, the phone is a little to tall and wide and is slippery, mine also crashed twice in less the 24 hours.
I hope Nokia does not sell the mobile device business off, because the other software and services business may not be enough to keep them going. What about NSN, will they then buy out Siemens share? What about Navteq ?
Nokia should take Vlingo and intergrate it into Here Maps and make it a total hands free mapping and location finding solution for all devices. The time is right for a voice activated mapping product that never requires and touching of the device.
Ford And Lincoln Reveal A Disturbing Trend In Detroit [View article]
Ford I think is doing the right thing, invest into a shared platform and make it the best they can, because it is the foundation of any car or SUV. Then make the models that use that platform shine in their own way by being feature rich. I cannot imagine Ford making seperate platforms for Fords and Lincoln, just think of the Extra cost! Everone shares their platforms in one way or another with different brands. I do think Lincoln needs an all new rear wheel drive Lincoln continental, built from the ground up. I would also like to see Ford move the MKT over to using the ford explorer platform.
Nokia (NOK) signs a deal to sell its headquarters in Finland to scrounge up more cash. The home for Nokia's top execs sold for $221.9M. A statement from the company acknowledges it needs to continue to sell non-core assets as opportunities arise. [View news story]
That is too bad since Nokia was their money pit for many years
Elop's Nokia, A Portfolio Crusher? [View article]
Why Nokia Cannot Afford To Miss The Tablet Bus [View article]
Ford (F) CEO Alan Mulally says the company will continue to oppose Japan's entry into free trade talks with the United States until the nation opens its markets for more U.S. cars and works on measures to strengthen the yen. The exec called the automobile market in Japan the most closed in the world. [View news story]
The US should take an approach that if you want to due business here that you have to play by fair trade rules.
Nokia (NOK) is seeking to block the sale of most RIM (RIMM) products in the U.S., Canada and U.K. through the enforcement of the ruling of an arbitrator, which found in favor of the Finnish company in a dispute over patents related to its wireless local access network (WLAN) technology. The arbitrator, the firm says, ruled that RIM is "not entitled to manufacture or sell WLAN products without first agreeing royalties with Nokia." [View news story]
Just hold on and wait for it to turn around I bought in at $5.60 thinking they had hit bottom, but NSN is doing well now, Nevteq is doing well, and WP8 will overtime do well also. Mr. Elop had no choice but to dump Symban and go with another OS.
Why Nokia Didn't Make A Mistake By Giving AT&T 'Exclusivity' [View article]
Elop's Nokia, A Portfolio Crusher? [View article]
Example: $450 + million to buy Intellisync Mobile in early 06 and dumped another 100 million into fixing it, only to shut it down in 08, mobile email solutions never lasted more than 6 months then a new solution came out. OPK led the drive to build a high end Netbook long after they where seen as no longer a hot item., Purchased remaining shares of Symbian foundation 400-500 million, on an OS the world said was old, and dying.
8.5 Billion on Nevteq maps and all the money spent on Ovi.
Every 6 months there was another reorg going on.
Where as Steven Elop walked into a huge mess and has been cleaning it up and trying to turn it around. This my friend takes time and is an up hill battle when you have loss market share and have to reinvent your product line. so I would put 95% blame on the former CEO and his team, and 5% on Elop for the stock price.
Nokia's stock will go up when their products start making bigger headway into the mobile market and make money the old fashion way and earn it and not make it by cuts
Nokia's (Hidden) Value - Part 2: Potential [View article]
China And Europe To Rescue Ford Stock? [View article]
So if you understand his thinking and vision Alan's is not done making Ford lean, clean and mean! His style of management should be taught at Harvard Business School. Just watch Ford Rebuilding an American Icon and learn what it takes to be a turnaround CEO (leader)
Is Time Running Out For Nokia's Stephen Elop? [View article]
Trying to pivot a large corporation into a new strategic direction is no mean feat!
So many people think of this as simple as turning on / off a light switch, Nokia has legal commitments in many countries and has to pay these laid off works 12 months of salary, which hurts their bottom line, and most of this will end in Q4 2012. So WP8 os devices should do very well for them in Q3 and Q1 2013. And more so if AT&T and Verizon sell them. My bet is Q2 you will see NOK selling at $6 - $8 or better
Can Nokia Turn Things Around? [View article]
Elop's Nokia, A Portfolio Crusher? [View article]
If you had worked at Nokia, then you would know that what has happened at Nokia is not Elops fault! He came into Nokia which had been mis-managed by OPK for years. I was in a meeting with his CTO and asked him a question and after hearing his answer I realized both men where clueless about where mobile technology was going. Stephen had to make lots of changes in a hurry and so picking WP OS was one of I am sure a few choices he had. Symbian was a dead OS, MeeGo was good but not in the market yet and would be going head to head with Android and Microsoft was willing to help Nokia make WP 7-8 a mobile OS player. I do wish he had also continued with MeeGo, and partnered with Palm's WebOS to give the world an alternative to Android OS.
Nokia Will Probably Launch Android Phones [View article]
The Past, Present, And Future Of Nokia [View article]
I hope Nokia does not sell the mobile device business off, because the other software and services business may not be enough to keep them going. What about NSN, will they then buy out Siemens share? What about Navteq ?
Nokia should take Vlingo and intergrate it into Here Maps and make it a total hands free mapping and location finding solution for all devices. The time is right for a voice activated mapping product that never requires and touching of the device.
Ex Nokian !
Ford And Lincoln Reveal A Disturbing Trend In Detroit [View article]
I do think Lincoln needs an all new rear wheel drive Lincoln continental, built from the ground up.
I would also like to see Ford move the MKT over to using the ford explorer platform.
Nokia (NOK) signs a deal to sell its headquarters in Finland to scrounge up more cash. The home for Nokia's top execs sold for $221.9M. A statement from the company acknowledges it needs to continue to sell non-core assets as opportunities arise. [View news story]