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Jolla Troubles
I thought it would be best to create a new thread rather than use existing threads not related to the troubles Jolla are having.
Jolla have just released this statement - it's very distressing. http://jolla.com/wp-content/uploads/...5_FINAL_61.pdf Quote:
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well then let's see what those finish laws can do!
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Where is
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(Sorry for this - I could not resist) |
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spelled on my tohkbd - those damned keys!
couldn't resist to blame it to someone else ;) |
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Like I said a few months ago, it was obvious that the split in the business was to restructure debt and write down losses.
Doubt they survive this, and honestly hope they don't. They've made such a miserably poor fist of almost everything. Perhaps someone else can do more with the assets (if they're sold or released) than they have proved able or capable of doing. Besides, it's bad for Linux and alt(mobile).OSes to have another failure - particularly one that hangs around for too long and sucks in more (naive) VC. I was always doubtful that anything would materialise from the Intex announcement; there are very good reasons why no-one else has been willing to partner with them or license SF. I think it's now heavily odds against that we'll see an Intex device ... unless they somehow come out of this restructuring leaner, meaner and with some kind of direction. Also, if they aren't to fold, surely Saarnio has to go. He's overseen failure after failure, and this year, pretty much calamity. I don't see how they can raise another round of finance with him at the helm. |
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Regarding "doing more with the assets" I think of Maemo/Meeg/Tizen - so far nobody could. In fact, Jolla has done the most of all. That is why I hope they will make it. |
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On the contrary, they've achieved practically nothing despite having an incredibly solid base to work from, both in terms of code and experience. Management are most to blame, though there is obviously some collective culpability for their failures. The executive team were a bunch of idealistic lightweights who had absolutely no clue. |
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Sorry that sounds all like being in the football stadium and someone behind you shouts: "run you lazy pig, don't be so lazy, you are to stupid to walk in a straight line" and when you turn around there stands a man weighing around 150 kg eating a fat burger and drinking a beer. The last time he played football was when he was 10 and his teacher forced him to do so... |
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Now that the chickens have finally come home to roost? LOL. |
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As it turned out, bluefoot's quack quack turned up to be true. Whereas yours is taking a nose dive. Feel free to live on your cloud, the rest of us live in the real world.
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To be honest, wich manufacturer makes really profit with it's phones. Well the shepherd of course but all the others? Even Samsung has problems to generate profit. So you really worked wonders in predicting the failure of Jolla. And what have you gained in predicting this. Obviously not much. It seems that we loose the only capable alternative to the Androids and IPhones. FirefoxOS and Ubuntu are still not a real alternative, bb10 is dying. So enjoy your small victory maybe that can outweigh the your loss, but I doubt. |
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Lots more information here:
http://techcrunch.com/2015/11/20/jol...d-alternative/ I wonder who the unnamed single investor is... |
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I hope that "There is no such thing as bad publicity" applies here. Seen so many forum posts and news about Jolla. If Jolla gets back up it's again more free publicity.
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- Company finds itself in difficult situation and needs savings, therefore cooperation negotiations are started with the staff, which lasts six weeks minimum - During negotiations alternatives are searched to reach desired saving, to avoid layoffs (it seems to be more like a theater most of time though...) - After negotiation period company will go forward with layoffs, temporary layoffs (aka. forced leave) and other things. Temporary layoff means that employment contract doesn't end, but is effectively frozen for certain amount of time. During this period employer doesn't pay salaries and employee of course is not required to work. Employee is also somewhat free to work elsewhere during the time and after it they return to work as usual. This method is usually used when difficulties are expected to be only temporary and company wants to keep the knowhow. Permanent layoffs are used when reduction on head count is deemed to be necessary permanently or for very long time (though some companies actually prefer very long forced leaves... ie in shipyards...). So, if employees don't resign, they are still there if/when funding returns. |
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Thanks very much for the background. Do the temporarily laid off people get their wages covered to any extent by the state during the agreed time?
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In the United States this would be similar to a furlough. A furlough is forced unpaid leave due to financial difficulties or at least the excuse as such. The US government did it a year or two ago during a shut down and companies regularly do it particularly for contractors if stock goals are not met. I know a very large technology giving out 1 month furlough through the end of this year.
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"In the United States, a furlough (/ˈfɜrloʊ/; from Dutch: verlof, "leave of absence") is a temporary leave of some employees due to special needs of a company, which may be due to economic conditions at the specific employer or in the economy as a whole." https://en.wikipedia.org/wiki/Furlough If the writer is US based or worked in the US they may understand that term better.
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In Denmark, and Sweden, temporary layoffs are also possible, and, at least in Denmark not so unrare, in certain industries.
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