Stephen Elop’s task on turning Nokia Mobile phones business to Microsoft compatible has come to end: Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services.
Microsoft will pay EUR 3.79 billion to purchase substantially all of Nokia’s Devices & Services business, and EUR 1.65 billion to license Nokia’s patents with EUR 5.44 billion all-cash transaction. Under the terms of the agreement, Microsoft will acquire substantially all of Nokia’s Devices and Services business, including the Mobile Phones and Smart Devices business. Microsoft is acquiring Nokia’s Smart Devices business unit, including the Lumia brand and products. The deal includes, among other things, the Nokia Asha brand.
The transaction is expected to close in the first quarter of 2014, subject to approval by Nokia shareholders, regulatory approvals and other customary closing conditions. Microsoft has agreed to a 10 year license arrangement with Nokia to use the Nokia brand on current Mobile Phones products. Nokia will continue to own and maintain the Nokia brand.
Following the transaction, Nokia plans to focus on its three established businesses: NSN (network infrastructure and services), HERE (mapping and location services and Advanced Technologies (technology development and licensing).
Stephen Elop will be coming back to Microsoft, and he will lead an expanded Devices team, which includes all of our current Devices and Studios work and most of the teams coming over from Nokia. As part of the acquisition, a number of key engineering leaders will be joining Microsoft from Nokia. Approximately 32 000 employees are expected to transfer to Microsoft. Among them, 4 700 in Finland. Microsoft is getting several of the cellphone industry’s better-known leaders in one shot — and Nokia’s remaining leadership will be mostly unrecognizable to long-term fans.
I was fearing that this could happen already two years ago. Now it has happened. Microsoft’s acquisition of Nokia’s Devices & Services business has more implications for Nokia than you might suspect at first glance. Nokia CEO Stephen Elop is stepping down ahead of transition to Microsoft. Nokia’s Chairman of the Board Risto Siilasmaa will be Nokia’s interim director. Timo Ihamuotila will be interim CEO.
Forbes analyst Tero Kuittinen is surprised by Stephen Elop activities: Elop chose Nokia to become Microsoft Windows operating system company and ther operating systems, development stopped completely. Now he’s decided to sell Nokia’s smartphone unit at greatly reduced prices … Microsoft, a company in which he returns, Kuittinen says. Nokia Sells Handset Business To Microsoft At A Shockingly Low Price tells that it cannot be said that Nokia‘s decision to sell its handset unit to Microsoft is a surprise. But what definitely are surprises are the timing and the price. Nokia’s glory days of 110 B euro market cap are long gone – yet it’s a visceral shock to see the Devices and Services unit sold under 5.5 B euros.
Etla research director Jyrki Ali-Yrkön says that Nokia phones sales to Microsoft is a sign of the error from the previous move: “As a result, the company acknowledges that Microsoft’s operating system is not enough to save Nokia” Something similar I was thinking more than 2 years ago at my Nokia future: Windows Phones 
posting. And the current news clearly shows that the previous decision – the Windows Phone operating system transition – was not correct.
The press conference is held today at 11 am in Espoo Dipoli.
This is the end of the Nokia as I used to know it…. Nokia’s importance to Finland has been in 90′s and since the early 2000′s insane. It has pulled the tail of starring in other IT companies in the world, and helped the Finnish international. Now, a big part of it is gone.
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Tomi Engdahl says:
Microsoft Explains the Rationale Behind the Nokia Deal
http://allthingsd.com/20130902/microsoft-explains-the-rationale-behind-the-nokia-deal/
Microsoft is spending $7.17 billion to acquire Nokia’s devices and services business and license the company’s mapping services, a move that CEO Steve Ballmer characterizes as “a bold step into the future.”
Yet Nokia is hardly the mobile-phone juggernaut it once was, having fallen far behind Samsung and Apple in the smartphone race.
Tomi Engdahl says:
With $7.17 Billion Nokia Buy, Microsoft Brings Its Trojan Horse Home
http://www.wired.com/business/2013/09/microsoft-nokia/
Microsoft is paying about $5 billion to buy a majority of Nokia’s cellphone business, while shelling out another $2.17 billion to license the struggling Finnish company’s patent portfolio. And none of this should surprise you.
With this $7.17 billion play, Microsoft has redoubled its efforts to compete with Apple and Google in the smartphone game, nabbing a handset maker that can more closely combine its Windows Phone operating system with the hardware that runs it, and expanding an already massive smartphone-related patent portfolio that can jockey with rivals in other ways. But it has also bought itself the new CEO it so dearly needs: Stephen Elop, the former head of Microsoft’s business division who left Redmond in September 2010 for the top post at Nokia.
Less than two weeks ago, Microsoft chief exec Steve Ballmer announced that he would be stepping down sometime over the next twelve months, and Elop — who becomes a Microsoft executive vice president with the Nokia deal — is now the obvious choice to succeed him.
In the end, Microsoft may lose the smartphone wars
Just as Google bought a handset maker, Motorola, in an effort to better compete with Apple — a company that makes both the software and the hardware for the iPhone — Microsoft has bought Nokia. In recent years, Redmond has made a habit of following in the footsteps of Google and Apple, and it’s not about to stop now.
Nor will Microsoft back down from its efforts to amass a patent portfolio that can pressure Google — and perhaps Apple — from another direction.
And, yes, it’s only natural that Microsoft would make these moves through Nokia. In February 2011, just six months after Elop joined Nokia as CEO, the Finnish company shifted its handset business onto Microsoft’s Windows Phone operating system, as some in the press asked if he was some sort of Trojan Horse. He waved away this talk. But now you have to wonder.
Tomi Engdahl says:
Nokia into a wild surge in stock market
Nokia has left 46 per cent increase on the Helsinki Stock Exchange Trade of Microsoft.
Source: http://www.iltalehti.fi/talous/2013090317443593_ta.shtml
Tomi Engdahl says:
- What Jorma created, Elop took it. About as poetically summarized, the Parliament Mikael Jungner (SDP), flicked on Twitter.
Jungner sees the situation in a positive.
- Do not be too much to sprinkle ashes. Nokia just made Ericsson and Ericsson is doing just fine now. Anything is possible, Member of Parliament tweeted earlier.
European Affairs and Foreign Trade Alexander Stubb sees Nokia’s and Microsoft’s acquisition as an opportunity to do something big, because “every cloud has a silver lining.”
Source: http://www.iltalehti.fi/uutiset/2013090317443063_uu.shtml
Tomi Engdahl says:
Nokia employees confused: “Is this it was planned in the first place?”
Source: http://www.iltasanomat.fi/digi/art-1288595449449.html
Tomi Engdahl says:
“Thank you Eflop” – Nokia’s sales blew up into the air drastic comments
Tuesday morning’s Nokia bombshell has collected a few hours a huge amount of emotional comments, and social network
“Now, this is not an actual news. Mole has done its job and pushed the firm to ashes. The award Ambitions expect Microsoft. Thank you Eflop … ”
“Elop acting on behalf of Microsoft was so transparent that the news of time was the only thing that is not known in advance”
“That was it, a long and glorious journey in the history of the Finnish technology industry. As a sign of the reputation of the school essay subject often known to become a point of pride is just a memory. ”
“Stupid Finns let Elop to take over the company and get the Mickey-soft under even a modicum of credibility and market share. Now it is then easy to peel skins from the back and buy from the store itself. Elop is going back Microsoft when the mission is completed. ”
“Elop came, was a flop, melted Nokia, Microsoft took a booth”
“That was it,”
IS online readers have been, almost without exception believe that Stephen Elop Nokia’s CEO appointment meant from the beginning that the company drifts towards Microsoft. Many people have swear by not buying Nokia phones anymore.
Source: http://www.iltasanomat.fi/digi/art-1288595429019.html
Tomi Engdahl says:
Nokia Siilasmaa: Emotionally difficult to rationally right decision
Nokia’s interim director-general rising, the company’s Chairman of the Board Risto Siilasmaa up the first stage of Nokia news conference in Espoo, Finland.
Siilasmaa told entrepreneurial background: according to him, the decision to sell Nokia’s phone business to Microsoft is one of the most challenging of his career.
Prior to the sale, by Microsoft’s Steve Ballmer took the Siilasmaa speech in February, Nokia’s management was Siilasmaa during the current year in dozens of meetings of all the possible alternatives.
According to him, the decision was inevitable, because Nokia – unlike Microsoft – does not have the financial resources to develop the Windows Phone operating system and devices.
Thus, the decision to sell was Siilasmaa as the emotionally difficult, but rationally speaking, correct.
Source: http://www.iltalehti.fi/talous/2013090317443833_ta.shtml
Tomi Engdahl says:
Nokia grounds for exclusion from operations employ about 56 000 people worldwide, of which 5 900 in Finland.
Microsoft moves over the mobile phone unit has 32 000 employees, 4 700 persons in Finland.
Nokia’s communications are told that NSN has worked in Espoo, about 3, 000, Oulu, around 2 200 in Tampere, about 700 people at the end of July.
Source: http://www.iltalehti.fi/talous/2013090317443067_ta.shtml
Tomi Engdahl says:
See Elop season in numbers – the hair-raising figures!
Nokia economic indicators prove how miserable state of Stephen Elop has brought the company’s president and CEO.
Canadian Elop joined Nokia as CEO on 21 September 2010.
At that time, Nokia made a further two billion profit. Profit before taxes was EUR 1.7 billion.
Elop’s first year, 2011, the company produced 1.1 billion loss. In 2012, recorded a loss of € 2.3 billion. Profit before tax was already begun to 2.6 billion below freezing.
Microsoft now sold in Devices & Services – that is, a phone in the business area accounted for 51 percent of the company’s net sales in 2012. Devices & Services net sales decreased by 34 percent from 2011 to 2012. The unit’s operating profit of EUR 1 683 703 was changed to a loss at the same time.
Source: http://www.iltalehti.fi/uutiset/2013090317443491_uu.shtml
Tomi Engdahl says:
Nokia store a big concern, “Americans tend to pull back home”
Senior staff YTN chairman Pertti Porokari Nokia believes that Microsoft’s acquisition key issue in Finland, it is what happens to Nokia’s mobile phone business Finnish workplaces.
- The Finnish industrial history of major acquisitions, is surrounded by a lot of issues, the most important of jobs. Windows phones in history is only a couple of years. The key question is, weigh more Finnish know-how and competitive enough in the future. The fear is that the American tendency to pull back home to reduce employment in the sector in Finland on, Porokari YTN said on Tuesday that information.
Source: http://www.iltalehti.fi/talous/2013090317443708_ta.shtml
Tomi Engdahl says:
Microsoft’s Ballmer: Finland core place in Europe
Microsoft CEO Steve Ballmer promises that Finland will become the company’s core place in Europe.
Microsoft expects a lot of the collaboration with Nokia.
Source: http://www.iltalehti.fi/talous/2013090317443983_ta.shtml
Tomi Engdahl says:
Microsoft Wants to Keep Licensing Windows Phone to Others, Post-Nokia Deal
http://allthingsd.com/20130902/microsoft-says-will-keep-licensing-windows-phone-to-others-post-nokia-deal/
While Microsoft will clearly be the largest maker of Windows Phones once its deal to buy Nokia’s device business is complete, the company says it still hopes to license the software to others.
Currently, Nokia is the largest maker of Windows Phones by far, though HTC, Samsung and Huawei also make phones, and others have in the past.
“Today’s announcement doesn’t change that — acquiring Nokia’s Devices group will help make the market for all Windows Phones, from Microsoft or our (device maker) partners,” Microsoft executive VP Terry Myerson said in a blog post.
The software maker already finds itself competing with its device-maker partners — though to a lesser degree — with its Surface and Surface Pro tablets.
Tomi Engdahl says:
http://kritiikkiblogi.wordpress.com/2013/09/03/nokia-kuoli-elakoon-taic-simo-malli/ page says:
Nokia died – long live the TAIC-SIMO-model
Did Nokia Store surprise yes, otherwise why would the store had to spend the money, because Microsoft was Nokia’s already palindromipäivänä 11.02.2011 for free. When Nokia had just been to march to the tune of Microsoft, it is strange to pay for it separately for 5.44 billion euros.
What was left of Nokia? Networks, maps, and patents. Among them, it is difficult to form a business vision, let alone lead it. It is likely that the networks that boils down to NSN, Ericsson and Huawei in compression, Maps, Google, and Apple lost the maps below, and the patents expire in the mobile industry’s rapid development of the media. Nokia is tietsti left thousands of engineers in a number of ryhdittömien. Where were they when even something could have been done?
What is the TAIC-SIMO-model ‘It is a business model, with all of the media, technology, Internet and operator of companies are seeking. They are seeking to lead it or be as strong as possible in the overall model. TAIC-SIMO-model was developed by Juhani Riskun the overall map of the world’s largest technology companies organize themselves.
According to the plan can be put together and the new winner of companies, so much so that yesterday 02/09/2013 of Vodafone-Verizon deal was a strong transition from operator to control the part of the TAIC-SIMO business. Further to the map can be seen as weak links: the media in general, and specifically print media is going to lose the most.
TAIC-SIMO-model embraced best Apple and Google. Google confirmed the missing equipment business by acquiring Motorola. Now, there is going to the Microsoft model, Nokia Yammer, Skype, Bing, Windows, Office, or by purchasing the Nokia phone functions.
What Microsoft got the Nokia phones? Now that Nokia is Microsoft’s swallowed by the terrible rigid and large company, Nokia is being eroded more about Microsoft’s machinations.
What Microsoft is doing now phones? Microsoft to change the Nokia brand in such a way that the phone’s front cover will be the Windows logo, and Windows Phone back cover of the text. Nokia logo moves to low-cost phones, for example the Chinese and Indians among the 10 to 15 euro phone.
What will happen to be in Finland with Nokia ? Nokia Solutions and Networks Nokia Siemens Networks is the so-called Espoo Karaportti. Nokia slum, HERE Maps of Berlin and patents are managed in Canada .
Conspiracy or blatant insult? Microsoft and Nokia relationships might still control the year 1998, when Jorma Ollila to hurt Bill Gates when Gates offered the Windows CE user interface for Nokia phones. In this case, Ollila said (Riskun retelling): “Nokia will never give Microsoft the domination of mobile user interfaces which you have computers.” This is Nokia’s decline due more to the classic tragedy of the formula, not engineers, and technology.
Tomi Engdahl says:
Fear Of Dying Alone: Microsoft’s Last-Ditch Plan For Nokia And Windows Phone
What exactly does Microsoft want with the second saddest company in mobile?
http://www.buzzfeed.com/jwherrman/fear-of-dying-alone-microsofts-last-ditch-plan-for-nokia-and
Microsoft is buying Nokia’s cellphone business and licensing its patent portfolio, according to both companies.
In 2003, Nokia’s cellphone market share exceeded 35%. That same year, its phone business alone posted an operating profit of 5.48 billion Euros. Today’s sale price, which includes 1.65 billion Euros in patents, is just 5.44 billion Euros. It’s been a rough decade.
Nokia’s cellphone collapse has been a spectacular one. The Finnish giant dominated the dumbphone era after Motorola, another faded star which recently fell into the hands of a comparative upstart. But it was blindsided by Apple, then deprived of a chance to regain its footing by an even more aggressive Google, which followed close behind.
The story, in hindsight, is simple: Nokia did not have a truly compelling smartphone ready when a large segment of the developed world was first compelled by smartphones. Whether this was the result of complacency — Nokia was, in the mid 2000s, the leader of the niche smartphone category — doesn’t matter now.
Nokia’s miscalculations became impossible to ignore in 2008, the same year Microsoft decided, internally at least, to scrap its ancient and inadequate Windows Mobile platform in favor of something entirely new
During the next two years, while Microsoft readied Windows Phone 7 and Nokia floundered on, the seeds of Sunday’s deal were sewn. A chastened Nokia was a natural partner for the tardy but determined Microsoft; it needed a software solution and Microsoft needed help with hardware.
By 2010, when the head of Microsoft’s Business division left to take the helm at Nokia, the gears were moving. Many at the time wondered if Stephen Elop’s time at Nokia would be spent grooming the company for purchase
Now, with Elop returning to Microsoft after a job well done — well, a job, done —that plan has come to fruition. The only problem is that there’s little left to save. Windows Phone has barely dented the now much larger smartphone market. Nokia hasn’t had a Windows Phone hit.
Microsoft’ s “Strategic Rationale,” titled “Accelerating Growth,” is a disjointed and bizarre document. It manages to sound both insane and uninspiring, outlining modest goals that still sound unrealistic.
Microsoft is a powerful, diverse company that missed smartphone revolution. It may never recover that loss, but can easily recover from it. And it could accomplish interesting and unexpected things with Nokia’s phone business, particularly in the developing world — an idea that is barely given lip service in the presentation.
Tomi Engdahl says:
Accelerating Growth
Microsoft’s strategic rationale for deal announced
with Nokia on September 3, 2013
http://www.microsoft.com/en-us/news/download/press/2013/StrategicRationale.pdf
Tomi Engdahl says:
Siilasmaa: Microsoft’s Ballmer proposed acquisition early in the year
Mobile phones manufacturer Nokia Chairman Risto Siilasmaa told Espoo Dipoli at a press conference on Tuesday that the software company Microsoft CEO Steve Ballmer, the company proposed a scheme in January and February 2013.
They met in Barcelona at Mobile World Congress in February, when Siilasmaa at first denied Ball Merino deal.
“Since Nokia’s Board of Directors went through all the possible options imaginable., We believe that this solution is the best possible,” Siilasmaa said.
Microsoft’s Ballmer promises to Finland to be a good “corporate citizen”.
Source: http://www.hs.fi/talous/Siilasmaa+Microsoftin+Ballmer+ehdotti+ostoa+jo+alkuvuonna/a1378173903234
Tomi Engdahl says:
Nokia’s ex-boss Anssi Vanjoki: Shameful but the inevitable
“This is a shame, but inevitable,” says Nokia’s mobile phone unit, former director of Anssi Vanjoki, Nokia’s mobile phone unit sales of Microsoft.
“This strategy has failed completely, but for now let’s hope that Microsoft have the facilities to as Nokia, they were not enough,”
Anssi Vanjoki, was nominated for the 2010 Nokia CEO Olli-Pekka Kallasvuo, until after the Nokia Board of Directors, they chose a task from Microsoft Canada’s Stephen Elop.
Source: http://www.hs.fi/talous/Nokian+ex-pomo+Anssi+Vanjoki+H%C3%A4pe%C3%A4llist%C3%A4+mutta+v%C3%A4ist%C3%A4m%C3%A4t%C3%B6nt%C3%A4+/a1378172245191
Tomi Engdahl says:
Siilasmaa was asked about the timing of the trade. Workers must have thought how long the node has to rub shops.
- Negotiations have taken place during the spring and summer, the government has met about 50 times. The Board of Directors has considered other options.
- Ballmer played in January, discussed the trade fair in Barcelona (February).
- Nokia’s decision to bring added value to the shareholders.
Nokia’s interim CEO Risto Siilasmaa According to Nokia, a wide range of patents.
- Nokia is very different after this transaction, the remaining units are profitable.
Microsoft CEO Steve Ballmer said that in front of a lot of work.
- Now is the time to accelerate development.
- Nokia and Microsoft collaboration has been a success, the Windows Phone sales have increased.
According to Balmer today’s announcement is a “win-win situation.”
Nokia’s interim CEO Risto Siilasmaa said the first opportunity at the outset that this is the most difficult decision of his life.
- Rationally decision is correct, emotionally difficult.
- Nokia Board of Directors has analyzed all the possible options.
- Nokia does not have the necessary resources to develop telephony
Source: http://www.iltasanomat.fi/digi/art-1288595408466.html
Tomi Engdahl says:
Analyst: Evaluation of the purchase price challenge
Pohjola Bank analyst Hannu Rauhala says Nokia’s phone business sales come as a surprise, even though the market rumors about the store had previously been on the move.
“I believed that Microsoft will concentrate on the business segment, but in this market rumors were right,” he says.
The purchase price assessment Rauhala to keep challenging. Telephone business, the market has fallen, and cash flow has been negative.
“If you look at the phone business, I can imagine that a consensus has been slightly more optimistic.”
Rauhala points out that Nokia has a residual strengths. The network side, Nokia’s profitability is a different class, and renovations have already been completed.
Source: http://www.3t.fi/artikkeli/uutiset/talous/analyytikko_kauppahinnan_arviointi_haastavaa
Tomi Engdahl says:
Nokia’s phone business to Microsoft raises questions about the role of CEO Stephen Elop says Nokia’s Tampere unit senior staff steward Kalle Kiili.
Wedge of mind to pop into force, Elop was prepared by Microsoft immediately after being traded to Nokia. Elop moved once to Nokia from Microsoft.
“There are things that do not seem to be a coincidence. Rarely, they are not a coincidence, then,” said Kiili.
Kilen view phone business was traded to Microsoft, “grossly cheap”. The purchase price of 5.44 billion euros.
“‘Something Finns’ are now being sold below cost.”
“Hopefully, Microsoft has noticed that Finns can still make great phones.”
Source: http://www.3t.fi/artikkeli/uutiset/talous/paaluottamusmies_torkean_halvalla_meni
Tomi Engdahl says:
The Finnish Prime Minister Jyrki Katainen admitted he was surprised at the Nokia news, but at the same time wants to stay optimistic. He gained knowledge acquisition last night over the phone.
- This is a big change in the history of Finland. News evoke sadness and emotionality, Katainen said.
- Without the change, Nokia would not have done well.
Source: http://www.iltalehti.fi/talous/2013090317443654_ta.shtml
Tomi Engdahl says:
Nokia history:
Here’s how Nokia did it
- We basically captured in the world, Nokia in 1988-2004 worked Anne-Liisa Palm summarized.
Nokia’s super ringside seat for many years Nokia’s General Counsel testified Palm says that the small Nokia Mobira Oy as Nokia Corporation, named the world’s largest mobile phone company has such an amazing story, and its comprehension is difficult, even for those who lived within the company.
DREAM TEAM Nokia’s Board of model year 1998. Seated, from left: Matti Alahuhta, Sari Baldauf, Jorma Ollila, and Pekka Ala-Pietilä. Standing from the left: Mr Olli-Pekka Kallasvuo, Brother Sundbäck, Yrjö Neuvo, Anssi Vanjoki and Mikko Heikkonen.
- What management can learn from that registered in Finland and Nokia became a largely American-owned company in 1994.
- I’m never going to deny Jorma Ollila, or dream team (Ollila, Chief Financial Officer Olli-Pekka Kallasvuo, as well as other departments, Matti Alahuhta, Pekka Ala-Pietilä and Sari Baldauf) meaning, but the work is done to build a culture of middle management, senior and middle management.
Nokia hype peaked at the turn of the millennium. In 1999, Nokia was the market value of the company’s largest and world’s tenth-largest.
Hurry took its toll
In 2000, the Group changed his philosophy of leadership: values took a back seat, the transition to clean, a fact management.
- When managed with facts, the management will be fully numeric key, as a result, people become easily deaf and blind detection of weak signals, Palm says, and says so, was this solution is the fact that Nokia lost its grip.
Busy over the tracks began to appear in the organization. Over the years, drudgery, traveling and living in the workplace was also paid to the human cost.
- Married alienated, the children did not know, Palm is characterized by nokia faced similar situations.
Source: http://www.iltalehti.fi/talous/2013090317443731_ta.shtml
Tomi Engdahl says:
Christian Lindholm, estimates that Nokia’s decision to discontinue the telephone business and sell it to Microsoft to have drastic effects on employment. Microsoft will likely want to use their own “machinery” and do things their own way. In this case, followed by Microsoft and Nokia processes.
He points out that Nokia has a lot of skilled people who have the money again fund.
Source: http://www.tietoviikko.fi/kaikki_uutiset/mobiiliguru+nokiasta+quotvuotavasta+laivasta+otettiin+irti+viimeinen+proppuquot/a926782
Tomi Engdahl says:
This widely Nokia’s acquisition was reported across the globe
Nokia’s mobile phone business of selling to Microsoft has been the top news of the world today.
Among other things, The Wall Street Journal and The Financial Times made news in the acquisition impressively. WSJ writes that the Nokia deal means surrendering to the cold facts, when its leaders were not able to compete with Apple and Samsung.
The Financial Times notes that the transaction, Nokia’s 30-year roller coaster journey of mobile phones with the ending.
- Both Nokia and Microsoft really were the boat when smartphones were found, and the ditch is very difficult not to get up. The question is whether the two weak companies by combining a strong one, and the new operator. It is uncertain, Budde says.
Also, the Swedish press has announced the acquisition of Nokia’s impressively under the headings “Microsoft to buy Nokia.”
Source: http://www.iltalehti.fi/talous/2013090317443606_ta.shtml
Tomi Engdahl says:
Elop: Future smartphones may not be read anymore, “Nokia”
Future Microsoft bought Nokia smartphones may not be read anymore Nokia name.
As part of the Arrangement, Microsoft’s acquisition of Nokia Lumia rights and Asha’s name, as well as the right to use the name of the upcoming Nokia basic phones.
Today at a press conference in Espoo, Stephen Elop said that Nokia’s name is retained phones so far, but that in the future the brand will be reconsidered.
It is possible that Microsoft feels the Nokia brand as a burden, and is planning to start production again from scratch some sort of mourning period.
Source: http://www.tietoviikko.fi/kaikki_uutiset/elop+tulevissa+alypuhelimissa+ei+valttamatta+lue+enaa+quotnokiaquot/a926834
Tomi Engdahl says:
There will never be another Nokia smartphone
A long, strange trip comes to a close
http://www.theverge.com/2013/9/3/4688888/there-will-never-be-another-nokia-smartphone
The Nokia brand name, one of the most storied marks in mobile, will never grace another smartphone.
Under the terms of Microsoft’s $7.2 billion acquisition of Nokia’s devices and services division, the “Asha” and “Lumia” trademarks will transfer to Redmond, but the “Nokia” mark will remain property of the Finnish company, and may only be used on featurephones under a 10-year license agreement. That means any future Windows Phones built by the newest division of Microsoft will be Microsoft-branded — and that Nokia has said its goodbyes to a smartphone market it once helped to create.
Tomi Engdahl says:
The Next Chapter: An open letter from Steve Ballmer and Stephen Elop
http://blogs.technet.com/b/microsoft_blog/archive/2013/09/02/the-next-chapter-an-open-letter-from-steve-ballmer-and-stephen-elop.aspx
2 Sep 2013 3:06 PM
Microsoft to acquire Nokia Devices & Services, accelerating the Windows ecosystem
Nokia and Microsoft have always dreamed big – we dreamed of putting a computer on every desk, and a mobile phone in every pocket, and we’ve come a long way toward realizing those dreams.
Today marks a moment of reinvention.
Nokia has an identity spanning 150 years of heritage, innovation, excellence, and change which began and will continue in Finland and around the world. From humble beginnings as a paper mill factory, to manufacturing rubber boots and car tires, and then to mobile phones, reinvention is in Nokia’s blood.
Nokia will now write its next chapter, focused on enabling mobility through its leadership in networking, mapping & location, and advanced technologies.
Tomi Engdahl says:
Microsoft buys Nokia’s devices, licenses patents and maps
Magic bean sellers head for Redmond
http://www.theinquirer.net/inquirer/news/2292216/microsoft-buys-nokia-s-devices-licenses-patents-and-maps
MOBILE WANNABE Microsoft has purchased the device and hardware part of partner business Nokia and licensed its patents.
Naturally both parties are very happy.
“It’s a bold step into the future – a win-win for employees, shareholders and consumers of both companies. Bringing these great teams together will accelerate Microsoft’s share and profits in phones, and strengthen the overall opportunities for both Microsoft and our partners across our entire family of devices and services,” said outgoing Microsoft CEO Steve Ballmer.
The deal will have to be approved but Ballmer seems convinced it will get a green light.
“We are excited and honored to be bringing Nokia’s incredible people, technologies and assets into our Microsoft family. Given our long partnership with Nokia and the many key Nokia leaders that are joining Microsoft, we anticipate a smooth transition and great execution,” he added.
Tomi Engdahl says:
Microsoft’s Nokia acquisition should have Apple and Google worried
Opinion The smartphone market just got serious
http://www.theinquirer.net/inquirer/opinion/2292247/microsofts-nokia-acquisition-should-have-apple-and-google-worried
MICROSOFT SURPRISED NO ONE on Tuesday when it announced that it picked up Nokia’s devices unit and licensed some of its software for a cool £4.6bn in cash. While many see the deal as two struggling companies merging for a final shot at success, we think the deal should have Apple and Google worried.
First off, Nokia pretty much is Windows Phone.
Finnish phone firm accounting for around 85 percent of Windows Phone handsets sold and its Nokia Lumia 520 smartphone ranking as the best selling phone running the Microsoft mobile operating system yet.
This could be a worry for Google. When the firm bought handset maker Motorola last year, Google reassured Android OEMs that it would not favour the company in any way. However, after Microsoft’s buyout of Nokia, perhaps other Windows Phone makers can’t feel quite so assured.
So why is this bad for Google? Samsung and HTC are unlikely to want to rely on only the Android mobile operating system, and could avoid throwing all of their eggs into one basket by branching out elsewhere. This, for example, could see Samsung focusing more heavily on its Tizen mobile operating system and distancing itself from Android somewhat, which could spell bad news for the Android ecosystem, given that the firm accounts for 95 percent of profits in the Android smartphone market.
There have been some rumours recently that HTC could be planning to launch its own mobile operating system, and Microsoft’s acquisition of Nokia devices could see the firm looking to focus on this to avoid reliance on Android.
That’s not the only reason Google should be worried, and Apple should be too, as the buyout finally sees Windows Phone becoming an exciting third player in the smartphone market, looking to end the duopoly currently held by iOS and Android. The pairing of the two companies might be just what Microsoft’s mobile operating system needs to extend its reach beyond the present 9.2 percent marketshare it holds in the UK. In fact, Microsoft has already said that it wants to see its market share triple by 2018 following its purchase of Nokia.
In fact, we could go on. There are a number of factors that should have Google and Apple worried: Nokia bringing its distribution reach to Microsoft, the amount of money Microsoft can pump into Nokia, and the fact that Microsoft now owns Nokia’s extensive patent portfolio, which could see Microsoft going after its rivals in other ways.
Today’s deal also effectively writes off Blackberry as a major player in the smartphone market, as Microsoft picking up Nokia sees the firm combining the Finnish firm’s hardware division with its software and is likely to make Microsoft the number one choice in the enterprise market.
Tomi Engdahl says:
Nokia’s interim President and CEO to enter into Mr. Ihamuotila, Nokia’s profitability before the acquisition was 4.4 per cent. After the transaction, the profitability will rise to 12 per cent.
Nokia will start searching for a new CEO, and the company inside and out.
Source: http://www.3t.fi/artikkeli/uutiset/teknologia/elop_lupaa_lisaa_resursseja_lumialle
Tomi Engdahl says:
Stephen Elop: I would like to thank the Finnish – “You are rightly proud of”
Nokia’s outgoing CEO Stephen Elop was released aloud at the press conference on Tuesday.
Despite the sale of Nokia’s Elop praised the achievements. According to him, the Windows Phone has become Apple’s iOS and Google’s Android, alongside the “third ecosystem”.
The final breakthrough needed for Elop’s view, however, the larger forces than those that Nokia is available.
Stephen Elop headed to his words directly to the Finns. He told the Finns are rightly proud of Nokia and its significance.
Source: http://www.iltalehti.fi/talous/2013090317444050_ta.shtml
Tomi Engdahl says:
Yle: Microsoft service center emerging in Northern Finland
Nokia’s acting director Risto Siilasmaa says that Microsoft’s data center will be situated in northern Finland.
YLE interview with Risto Siilasmaa as the investment race is nearing its end.
- Nearing two northern Finnish community, he said.
Siilasmaa says the data based on the discussion of Microsoft CEO Steve Ball with Merino. The company invests in data center, nearly 190 million.
According to STT Oulu is strong in Microsoft’s data center as the location. The newspaper Kaleva tells that other possible location is Kajaani.
Source: http://www.iltalehti.fi/talous/2013090317444882_ta.shtml
Tomi Engdahl says:
Nokia’s share price ended up 31.28 percent of the black market close in New York at midnight Finnish time.
Also, the Helsinki Stock Exchange, we became a whopping 33.94 per cent. Nokia’s share price closed value of 3.97 euros, while the price in the current year has been a low of only 2.3 euros.
Microsoft shares were again slightly down
Source: http://www.iltalehti.fi/talous/2013090417447391_ta.shtml
Tomi Engdahl says:
Microsoft to the leader rumors: Elop is just one of the candidates
Microsoft CEO Steve Ballmer declares that his successor will not have made any decisions.
Source: http://www.iltalehti.fi/talous/2013090317446718_ta.shtml
Tomi Engdahl says:
Analysts: “Nokia wanted to get rid of Windows, as Elop made a huge
mistake”
Business Insider cited by analysts Ben Thompson and Benedict Evans believe that Microsoft had to buy Nokia because the company designed the Windows phones to stop production.
- Stephen Elop made a huge strategic error on the Windows Phone instead of Android. My theory is that Nokia was either transitioning to Android or going bankrupt, Thompson writes.
Thompson also adds that the technology giants Samsung and HTC had abandoned thoughts of Windows phones, Nokia, and without them would have been the end of the road.
- This selling solves Nokia’s financial problems, and at the same time they are a tactical move from Microsoft.
Source: http://www.iltalehti.fi/talous/2013090317446168_ta.shtml
Tomi Engdahl says:
ETLA CEO on the Nokia selling: “Jobs will be lost, it is obvious”
- I believe that the people will be reduced, Managing Director of the Research Institute says Iltalehti.
- Jobs will be lost in Finland, it is obvious. At least the head office functions will be most likely to reduce, Vihriälä estimates.
- The transaction will, however, release a lot of resources and I think that the people will be reduced. There are many functions, which can be reduced.
The positive news story is Vihriälä, the fact that the uncertainty of the future of Nokia has now disappeared.
- If Nokia uses of cash wisely, it has a chance to develop, and even employs. It is interesting to see where Nokia will use the funds.
Source: http://www.iltalehti.fi/talous/2013090417444872_ta.shtml
Tomi Engdahl says:
Nokia – Microsoft: Trojan horse struck
Nokia to sell mobile phone business to Microsoft for less than € 3.8 billion euros. Nokia’s patents in software costs € 1.65 billion, so the whole transaction price is € 5,44 billion.
This day is the history of Finnish industry. Finnish mobile phone manufacturing practice runs. The transaction is expected, but still a shock. Its effects such as Nokia’s Devices & Services group of Finnish workers can only guess.
It is expected that the case of massive layoffs. Microsoft does not hold any interest in any product development in Finland, and this is surely going to happen.
Nokia refers to press release in February 2011, which started in co-operation with Microsoft. Even then, the most pessimistic were talking about President and CEO Stephen Elop a Trojan horse, whose task is to move the mobile phone Nokia semi-MS logo below. Now, this figure shows the actual original plan.
Microsoft is evaluating itself that the Windows Phone market share of smartphones in a few years 15 per cent. Again, this would mean hundreds of millions sold Lumia. At present, the success of Lumia ratings can be considered optimistic.
Microsoft employees left the shop moves to 32 000 employees, of which 4,700 in Finland. 18 300 people have been factory workers in equipment manufacturing, final assembly and packaging operations.
The sold parts had net sales last year of about 14.9 billion euros, or nearly 50 per cent of total sales.
Microsoft to buy Nokia’s Smart Devices business unit, including the Lumia brand and products.
Microsoft to buy Nokia’s Mobile Phones business unit, which has hundreds of millions of customers all over the world, and that unit sales of 53.7 million units in the second quarter of this year.
Source: http://www.etn.fi/index.php?option=com_content&view=article&id=308:nokia-microsoft-troijan-hevonen-iski&catid=13&Itemid=101
Tomi Engdahl says:
Some funny pictures and writing have started to pop up everywhere:
This is hilarious beyond recognition
…and a bit sad at the same time
http://mikepohjola.wordpress.com/2013/09/03/dear-mr-nokia/
Tomi Engdahl says:
China, India the key to Micr-okia’s fate says IDC
Low-budget Lumia, Asha overhaul needed but lack of apps still a problem
http://www.theregister.co.uk/2013/09/04/china_india_apac_key_nokia_microsoft_success/
The mega-markets of China and India, and more broadly the rest of the Asia Pacific region, will be key to Microsoft’s success in the handset space with its newly acquired Nokia assets, according to analyst IDC.
China is the number one market for Lumia shipments, with India in second, Vietnam in eighth and Thailand tenth globally, IDC senior research manager Melissa Chau told The Register.
“Asia Pacific stands out as a key market Microsoft will have to approach,” she added.
“Nokia’s strategy has always been on emerging markets but this is where it gets dicey – we don’t know how the management will change. The concern in the past is that Microsoft has been very US-focused.”
That said, even with Nokia on board, Microsoft will face significant challenges.
Microsoft could do two things to bring the cost of a new Lumia handset down, according to Chau.
Firstly it could scrap the licensing fee, which at present is built into the cost of the phone, knocking around $10 off per handset.
“Secondly it could work more closely on tweaking the OS to run on certain hardware specs more suited to a lower price point. In that way the price could come down,” she said.
Tomi Engdahl says:
Why Nokia didn’t sell its patents to Microsoft
http://www.reuters.com/article/2013/09/03/us-nokia-microsoft-patents-idUSBRE9820ZZ20130903
Nokia may have sold its handset business to Microsoft Corp, but by hanging on to its valuable patent portfolio, the Finnish company could also get a big future payoff at the expense of Android phone makers.
Until now, Nokia has not widely licensed many of its patents, preferring instead to use them to protect its handset business against competitors, Nokia spokesman Mark Durrant said in an email to Reuters.
“Once we no longer have our own mobile devices business, following the close of the (Microsoft) transaction, we would be able to explore licensing some of those technologies,” he added.
The Finnish company has long been a savvy player in the intellectual property market.
For Microsoft, taking a license for Nokia’s patents rather than buying them serves a strategic objective as well. Microsoft has already convinced about 20 Android manufacturers to pay patent royalties as part of its effort to raise the cost of Google Inc’s mobile operating system.
Now, Nokia remains free to go after the same Android manufacturers for royalties as well, although Nokia spokesman Durrant did not reveal specific targets.
“It wouldn’t surprise me at all to see litigation filed by Nokia in coming months,” said one senior IP executive who has dealt with both companies,
Tomi Engdahl says:
The Deal That Makes No Sense
http://stratechery.com/2013/the-deal-that-makes-no-sense/
Early this morning Microsoft acquired Nokia for €3.79 billion (plus €1.65 billion for patents). It is a deal that makes no sense.
While industry observers love to pontificate about mergers and acquisitions, the reality is that most ideas are value-destroying. It is far better to form an alliance or partnership; most of the benefits, none of the costs.
A partnership similar, in fact, to the one formed just two years ago between Microsoft and Nokia.
From Microsoft’s perspective, that was a brilliant deal; Matt Drance characterized it as “Microsoft Buys Nokia for $0B,” and he wasn’t far off. The premier pre-iPhone phone maker, with what was even then one of the best supply chains, distribution networks, and brands in the world would be exclusively devoted to Windows Phone.
There is nothing further to be gained by an acquisition.
Moreover, the fact Steve Ballmer is stepping down makes a deal of this magnitude hugely problematic.
So that brings us to the Nokia perspective. I have argued that Stephen Elop made a massive strategic error by choosing Windows Phone over Android; coming from Microsoft, he failed to appreciate that Nokia’s differentiation lay not in software, but in everything else in the value chain.
Today no one cares about Nokia’s industrial design, distribution, or supply chain, because their devices lack an app ecosystem, the price of entry into smartphones. Perhaps even now, Nokia was considering going to Android, or maybe even going out of business.
And thus I believe we’ve arrived at the rationale for this deal.
Tomi Engdahl says:
What’s next for Nokia? Here maps, network infrastructure and ‘advanced technologies’
http://www.engadget.com/2013/09/02/whats-next-for-nokia-here-maps-network-infrastructure/
Nokia is going to play to its existing strengths, continuing to develop its Here maps platform, with the aim of becoming the “leading independent location cloud platform company, offering mapping and location services across different screens and operating systems.”
In the slightly more straight-laced (but profitable) world of network infrastructure, Nokia’s NSN will continue to develop and build LTE networks and, well, whatever comes after that.
Which ties in neatly to Nokia’s third focus: advanced technologies. The company aims to continue exploring “new business opportunities,” continuing to research and develop concepts involved in connectivity, sensing and material technologies
Tomi Engdahl says:
Nokiasoft comes full circle: Microsoft’s play for ultimate control will redefine the Windows ecosystem
http://www.engadget.com/2013/09/03/nokiasoft-comes-full-circle-microsoft-windows-control/
The “soft” in Microsoft isn’t what it used to be. A score ago, the company was certain the software-licensing business was the one it wanted to be in — Apple decided to hold its cards a lot closer to the chest, and it cost the company dearly for years. Meanwhile, Microsoft made a lot of cash with Windows, and it still does. But the tide is turning. Two of the last three Windows operating systems haven’t generated the kind of crazed mindshare that a company needs to remain relevant over the long haul,
In fact, that’s exactly what Microsoft wondered, as it casually announced a plan in June of 2012 to affront scores of OEM partners with its Surface initiative. In an instant, Microsoft dove headfirst into the hardware game
In February of 2011, well before it transformed the Surface from a big-ass table into a slate that almost no one wants to buy (Microsoft’s words, not mine), the company managed to procure a huge ally on the mobile front. The Nokia / Microsoft alliance was monumental. This was Nokia’s formidable hardware being exclusively used to push Microsoft’s fledgling Windows Phone OS. At once, Nokia loyalists found hope, and those praying for a coalition with Android were dismayed. Little did we know: that partnership marked the end of the original Microsoft, the end of the original Nokia and, in my estimation, a complete rerouting of the Windows roadmap. This week’s acquisition simply makes it all the more official.
Transformations aren’t irregular for technology companies that stand the test of time; Nokia itself was a paper-production plant in a former life. In the 1980s, it began developing some of the world’s first portable telephones
For all intents and purposes, Nokia’s modern face was built in 1997 with the release of the 6110 — the first phone with the renowned Snake game built right in.
If you’ve any doubt, listen to what Nokia’s then-CEO Stephen Elop had to say just before hitching his company’s wagon to Microsoft: “The first iPhone shipped in 2007, and we still don’t have a product that is close to their experience. Android came on the scene just over two years ago, and this week they took our leadership position in smartphone volumes. Unbelievable.”
What happened next was just barely more believable. The mobile company that held 40 percent of the global mobile market share in 2008 was down to 26 percent in mid-2011. It’s down to 14.1 percent today.
In 2007, Microsoft CEO Steve Ballmer laughed off the iPhone and confessed publicly that he could not envision any smartphone without a keyboard ever appealing to businesspeople.
Windows Phone has languished for two primary reasons: it doesn’t have the things people want, and the things it has, people no longer want. Trying to sell a phone on its Office access could’ve worked in 2004, but we’ve come a long way since then. Document-editing apps and web-based cloud editors are plentiful and, for the most part, they’ll ingest Office files with poise.
Nokia’s craftsmanship has been sterling
Companies no longer receive kudos for producing a touchpanel that’s as responsive as the one on the iPod touch; that’s simply a basic requirement. Moreover, neither hardware nor software alone is enough to sway prospective buyers en masse. We live in an ecosystem-driven world, where you either have it all, or you get zero attention. The fact that the world’s leading PC software maker cannot get an app that adds weird colors to your photos says everything you need to know about the perception of Windows Phone.
In the 2.5 years since Nokia and Microsoft partnered up, almost nothing has gone right for Microsoft besides what was guaranteed to go right.
Almost as perfectly as two separate dejected lovers would find solace in each other’s past failures, Nokia and Microsoft coalesced in 2011, somehow believing that two turkeys could indeed produce an eagle
There’s one singular message that Microsoft has been shouting for years: no compromise. Unlike Apple, which opted to stuff a hobbled-compared-to-OS X operating system onto its beloved iPad, Microsoft was hell-bent on making its own a tablet in form factor only. To this day, it still swears that Windows is the right operating system for a slate. One has to wonder if it secretly feels similarly about the phone.
It’s not apt to happen with Windows 8, but vertically integrating software and hardware engineering on the mobile side will indeed enable Microsoft to try something that no other company in the world outside of Apple could even dream of attempting in the here and now.
This is quite likely the beginning of the end for Windows Phone. Kevin Tofel brilliantly explains why no OEM in its right mind would want to continuing licensing Windows Phone in the long run, and Ben Thompson has accurately — in my humble opinion, anyway — asserted that the mobile OS war has already been won by iOS and Android.
Tomi Engdahl says:
Marko Ahtisaari to leave Nokia
Nokia responsible for the design, Marko Ahtisaari, letters of resignation at the same time as the Nokia mobile phones were sold to Microsoft, to show you what is to come.
Nokia’s Lumia phones have been praised design Ahtisaari and his departure in early November about the fact that his views on Microsoft’s gone together.
Source: 3t.fi/artikkeli/uutiset/tyoelama/marko_ahtisaari_jattaa_nokian
Tomi Engdahl says:
Let’s get real: Nobody will license Windows Phone or Windows RT now
http://gigaom.com/2013/09/03/lets-get-real-nobody-will-license-windows-phone-or-windows-rt-now/
Summary:
Microsoft will still license Windows Phone and Windows RT after the $7.17 billion deal to purchase Nokia’s Devices and Services business but will anyone take them up on it? Not a chance, save for some devices in the pipeline already.
Tomi Engdahl says:
Nokia’s Licensing Its Name To Microsoft, But It’s Free To Keep Building Hardware, And Could Even Dial Up To Mobile Devices Again By January 2016
http://techcrunch.com/2013/09/03/nokias-licensing-its-name-to-microsoft-but-its-free-to-keep-building-hardware-and-could-even-dial-up-to-mobile-devices-again-by-january-2016/
Amidst the “sadness” of today’s news that Nokia would be splitting up, selling its Devices & Services division to Microsoft for $7.2 billion, there is a little silver lining for the Nokia fanboys in the house. As part of the €1.65 billion ($2.2 billion) licensing deal (which also includes “reciprocal rights related to HERE services”), Nokia gives details of how Microsoft will license Nokia’s brand. The description indirectly indicates that Nokia may still end up making hardware sooner rather than later, and it may even go so far as to start producing mobile devices again in 30 months, by January 2016.
“Microsoft has agreed to a 10 year license arrangement with Nokia to use the Nokia brand on current Mobile Phones products,”
Upon the closing of the transaction, Nokia would be restricted from licensing the Nokia brand for use in connection with mobile device sales for 30 months and from using the Nokia brand on Nokia’s own mobile devices until December 31, 2015.
What we have here is some license to use the Nokia brand for the next 10 years, but also a gradual phasing out of it: Microsoft, it has been noted, is buying outright the Lumia and Asha brands. But when it comes to the Nokia name, it has signed a license to use it only on lower end devices built on Series 30 and Series 40 operating systems.
More interestingly, there is no restriction on Nokia itself using the name on non-mobile devices of its own from the day after the deal comes into effect. And after December 31, 2015, Nokia will be free to make its own mobile devices once again, under its name, if it so chooses.
There is a lot still left at Nokia that can make its way into a mobile device or a gadget of another sort. Through all of Nokia’s thousands of layoffs, closure of Symbian and adoption of Windows Phone, the company has kept plugging away at new technologies and thoughts about how it might apply them, and in an optimistic frame of mind, this could point to some exciting things
Of that CTO office, recent Nokia alum Wood describes the team as “very bright people who have now learned their lessons about how a company that was once cutting edge can fall into being risk averse.”
He points to innovations with touchscreens, augmented reality and more that languished in the labs for fear of cannibalizing a then-successful business.
That’s right, old Nokia may go back to its innovative, disruptive roots. Considering its current smartphone share is only 3%, it’s a brand really with nothing to lose.
Tomi Engdahl says:
Who’s buying whom?
http://www.asymco.com/2013/09/03/whos-buying-whom/
So the question for the Microsoft Nokia deal is what is Microsoft buying?
Resources? Sure, there is IP and a team. But the chances are that not all the team members will be kept on. See what happened to Motorola after it was acquired by Google.
Processes? Absolutely. Microsoft needs device development processes desperately. They may seem a commodity but it turns out that running great hardware businesses is hard, very hard.
Priorities? Here we have to pause. To acquire Nokia’s priorities means acquiring its business model; its belief system. Perhaps they will be discarded and they’re not valued. Perhaps, as is often the case, the acquirer becomes allergic to the new priorities.
But Microsoft has made it clear that they are now a “Devices and Services” company. As much as Apple changed its name to exclude “Computer,” Microsoft is almost changing its name to exclude “software”. It will still make software, to be sure, but for it to get paid it needs to integrate that software into hardware and services.
My first thought on this is that Nokia’s priorities are not sufficient for the company that Microsoft wants and needs to become, but there are some priorities which are necessary and which it values.
It may be too much to say that with respect to Priorities, Nokia acquired Microsoft, but insofar as Microsoft is having to transform its business model, what Nokia devices brings is an integral component of the new.
Tomi Engdahl says:
A software house called Nokia
Now it can be said with certainty. Windows Phone for Nokia fatal gambling. CEO Stephen Elop made a bet on the wrong horse.
Problems can not be blamed alone Elopia. Nokia Board of Directors blessed the decision. And at the bottom of Nokia’s own inability to renew on time.
Retrospect, one can always wonder whether it would have been, after all, Nokia put the eggs in time for the Android basket. Or what if MeeGo would come to market in time.
Nokia has made a costly error in assessments before and recovered from them. That was in the 1980s started a television adventure. The last remnants of the clean-up in 1996, when Nokia sold its consumer electronics business altogether.
The decision to give up now, mobile phones hurts, but it was the only reasonable solution. Nokia remains about half, and thrift.
It’s a good situation to go direct to the company in a new direction. Some people still entertain the hope that Nokia would return to manufacture mobile phones
Phone card manufacturer has already played. New Nokia will rise upon some other business.
Symbian in the last few years a number of Nokia bosses speeches began to repeat the mantra that the company’s future is in software and not in equipment manufacturing.
Nokia’s Executive Director is temporarily Chairman Risto Siilasmaa, which has its roots in the creation of the F-Secure software entrepreneur.
Source: http://www.tietoviikko.fi/blogit/uutiskommentti/ohjelmistotalo+nimelta+nokia/a927209
Tomi Engdahl says:
On Tuesday, Microsoft announced the Nokia phones buying does not have many investors excited.
U.S. stock exchanges of information received shareholders on its hind legs, and Microsoft’s market value deficiency should instantly more than 11 billion dollars, or about 8.35 billion euros.
The company’s stock price fell more than 4.5 percent per day, writes the Financial Times .
The uncertainty relates to the fact whether Microsoft really challenge Apple and Samsung in the smartphone battle.
Source: http://www.tietoviikko.fi/kaikki_uutiset/nokia+loi+korville+microsoftin+markkinaarvosta+pyyhkiytyi+perati+11+miljardia/a927170
Tomi Engdahl says:
“Nokia’s sales was like winning the lottery”
Nokia’s mobile phone sales impact for Finland it has been difficult to assess. Now, there is one super positive review.
Now the software entrepreneurs to announce that the Finnish software industry sales point of view, the news is “hit the jackpot”.
The software industry According to the statement, Microsoft has the potential to bring Windows Phone into a real third in a global ecosystem of Apple’s iOS and Google’s Android in parallel.
- This is the best of what the software industry has been in a long time. We now have a heavy locomotive passing the company’s holding two vibrant bullet train. We strongly believe that their ride software companies form new long-term cooperation, Software Entrepreneurs Association’s President and CEO Rasmus Roiha, says the Association’s newsletter.
Software Entrepreneurs Chairman Matti Heikkonen considers that Microsoft has made the Windows Phone ecosystem, the very substantial investment against Finland. He keeps setting up of data centers in Finland, a strong indicator of long-term perspective.
Source: http://www.iltasanomat.fi/tyoelama/art-1288595986503.html