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2012-07-19
, 00:19
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Posts: 1,309 |
Thanked: 1,187 times |
Joined on Nov 2008
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#1872
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Generally speaking, if the owners was looking to throw the board, they'd likely not do it on an general meeting, but at an extraordinary general meeting.
The new chairman is prepared and groomed to work with Elop, for a board takeover, they'd most likely bring in someone new who was preinformed.
I guess a safer plan is for the owners to bully the board into firing Elop. Or letting Elop talk more in public.
The new chairman is prepared and groomed to work with Elop, for a board takeover, they'd most likely bring in someone new who was preinformed.
I guess a safer plan is for the owners to bully the board into firing Elop. Or letting Elop talk more in public.
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Qwerty is hot? Stylus or not? Let the buyer decide! The Nokia ¹ Smartphone - Build your ¹
Qwerty is hot? Stylus or not? Let the buyer decide! The Nokia ¹ Smartphone - Build your ¹
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2012-07-19
, 02:31
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Posts: 648 |
Thanked: 650 times |
Joined on Oct 2011
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#1873
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Originally Posted by volt
You missed out the most likely reason - Nokia has been taken over by parasites and now act for the benefit of the parasites, not for itself.
I think this is a followup question to the "How has the board not been replaced yet" question.
To your question I present three possible explanations:
- The board knew in advance that it was risky to switch to Windows Phone and that the point of return would be passed before the success of the strategy could be confirmed with Windows 8. Basically an all or nothing strategy from day one. This is compatible with "Plan B is to make Plan A work". This is irreversible.
- The board is just too darn stubborn or enchanted to admit failure. This is horrible but still common and can be reversible if addressed in time.
- The board don't want to kick the scapegoat CEO before he has cut down Nokia to the size they want to rebuild from. This would be cowardly and cynical but can still be a valid strategy for a huge corporation that finds itself with mainly outdated/ "wrong" resources.
I don't think no. 3 could be a main reason, but it can be a combination of all three.
As for why NYSE:NOK went up a few cents yesterday this could be speculators buying in the hope that Elop will be sacked soon. When it is clear that this isn't going to happen NOK will crash to $1.50.
Those betting Nokia's future on WP8 must realize that Nokia may run out of cash. Forget about WP8 phones this year, it will be 2013. Can Nokia survive another 2 Qs bleeding cash with almost no sales on top of retrenchment payments? Next year some debts will be due and Nokia can't borrow any more as its bonds are rated junk. It doesn't matter even if Nokia manages to push out WP8 phones next year, the smell of death will stop consumers buying.
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2012-07-19
, 08:31
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Posts: 322 |
Thanked: 218 times |
Joined on Feb 2012
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#1874
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Christ. Nokia has been in the hands of a very few for as long as Nokia has existed. Ultimately they have the last word. They have done much more drastic things in the past than to change the OS on bloody phone.
You people got to stop trolling!!! Elop is hired to do a job, and he is doing it. Nokia will NOT run out of money. MS will NOT buy Nokia. There are no parasites, moles or other evilness involved.
This is what is going to happen:
Nokia will launch a WP8 Lumia PureView and become King
Jolla will launch a bug nest with no features, no ecosystem, and disappear after less than a year. (this wouldn't prevent me from getting a device though, if I can get hold of one. Will they even be sold outside China?)
I will be happy. You will continue to be cry babies blaming some obscure old lady for ganging up with Elop, exercising voodoo spells upon the Jolla.
You people got to stop trolling!!! Elop is hired to do a job, and he is doing it. Nokia will NOT run out of money. MS will NOT buy Nokia. There are no parasites, moles or other evilness involved.
This is what is going to happen:
Nokia will launch a WP8 Lumia PureView and become King
Jolla will launch a bug nest with no features, no ecosystem, and disappear after less than a year. (this wouldn't prevent me from getting a device though, if I can get hold of one. Will they even be sold outside China?)
I will be happy. You will continue to be cry babies blaming some obscure old lady for ganging up with Elop, exercising voodoo spells upon the Jolla.
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2012-07-19
, 09:12
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Posts: 207 |
Thanked: 552 times |
Joined on Jul 2011
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#1875
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Originally Posted by SamGan
Why would anyone assume WP8 is going to be a success anyway? Wasn't Mango supposed to be a game changer before that came out? It's always the next iteration that's going to change everything isn't it?
Those betting Nokia's future on WP8 must realize that Nokia may run out of cash. Forget about WP8 phones this year, it will be 2013.
And let's face it in the unlikely circumstance WP8 does become a success in 2013 Samsung will just ramp up their production of WP8 devices. By that time NOKIA will be so small comparatively they simply will not be able to compete with Samsung's economies of scale.
Anybody that says NOKIA didn't have an option except to walk this path only has to look at Samsung to know that's not true. You only have to go back to early 2010 and, in terms of smartphone sales, Samsung were smaller than HTC never mind NOKIA. Now look at them towering above NOKIA who were by far the biggest back then. Samsung are announcing a record breaking quarter whilst NOKIA crash and burn. NOKIA painted themselves into a corner whilst Samsung kept all options open.
Exclusively adopting a low-functioning OS that had already proven to be a failure for at least three other major manufacturers was never likely to be a winning strategy and NOKIA's resulting crash is not the least bit surprising.
There's very little NOKIA can do to turn it around either now, their hardware is still good but they've lumbered themselves with an OS that most people just don't seem to want.
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2012-07-19
, 09:28
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Posts: 455 |
Thanked: 782 times |
Joined on Nov 2009
@ Netherlands
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#1876
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Originally Posted by specc
Aaaaaand, the true alter-ego of Lumiaman finally comes to light... Dear specc/Lumiaman, you are our fellow commenter and despite most of us not agreeing with your look on things we love you very much. But you're living in a world of make-believe. With flowers and bells and leprechauns, and magic frogs with funny little hats...
This is what is going to happen:
Nokia will launch a WP8 Lumia PureView and become King
Jolla will launch a bug nest with no features, no ecosystem, and disappear after less than a year. (this wouldn't prevent me from getting a device though, if I can get hold of one. Will they even be sold outside China?)
__________________
Man will never be free until the last king is strangled with the entrails of the last priest.
Man will never be free until the last king is strangled with the entrails of the last priest.
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2012-07-19
, 09:36
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Posts: 455 |
Thanked: 782 times |
Joined on Nov 2009
@ Netherlands
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#1877
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Originally Posted by switch-hitter
I don't remember a product that had more support in the form of moving goalposts than the WP. Consequently, people who support Nokia's new strategy are doing it all over the interwebs as well - first it was "lets wait for the fall '11", then it turned to be "lets wait for the Q2/Q3 '12 results", now they are slowly shifting to "lets wait for Q4'12/Q1'13 results" but this time they mean it.
Why would anyone assume WP8 is going to be a success anyway? Wasn't Mango supposed to be a game changer before that came out? It's always the next iteration that's going to change everything isn't it?
I'd bet you that even when Nokia gets broken and sold in pieces, or worse files for bankruptcy, they'd still be telling that the strategy was right, but Nokia just had a bad fortune... But the WP10 will going to rock the world!
I remember when we all laughed here at the famous `step 4 of 5` claptrap as an excuse for not fixing some minor, albeit very annoying bugs, on the N900. Now I long for those days - Nokia might have been slow but they at least delivered something, which cannot be said for Microsoft in the mobile space for the past 10 years. The way it looks, cell phone as a concept will die before Microsoft manages to create a competitive product. Too bad they've dragged down to the ditch a lot of companies that fell for their sweet talk, but the stupidity always comes with a steep price...
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Man will never be free until the last king is strangled with the entrails of the last priest.
Man will never be free until the last king is strangled with the entrails of the last priest.
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2012-07-19
, 10:41
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Posts: 1,086 |
Thanked: 2,964 times |
Joined on Jan 2010
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#1878
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Right now the Nokia stock price is rallying remarkably well. This time yesterday it was trading pre-market at $1.62, and finished the day's trading at $1.73. Right now it's trading in pre-market up 8% at $1.87. In just over an hour's time (8am EDT) is the Q2 announcement, I'll be interested to see how the price moves at that stage.
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Follow me on my neglected twitter @kojacker
Cybot950 - Control a robot with your N9/N950
SMSPetFeeder - Build a Bluetooth/SMS dog feeder with Qt, N950, and arduino
Nerf950 - Use your N9/N950 to fire a Nerf gun
Follow me on my neglected twitter @kojacker
Cybot950 - Control a robot with your N9/N950
SMSPetFeeder - Build a Bluetooth/SMS dog feeder with Qt, N950, and arduino
Nerf950 - Use your N9/N950 to fire a Nerf gun
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2012-07-19
, 10:45
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Posts: 2,802 |
Thanked: 4,491 times |
Joined on Nov 2007
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#1879
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It will go up. As usual the analysts will think that the news are very very bad, but not as bad as they feared. Then a few days later they will realise that yes, the situation is just as bad as they feared, if not worse, and the price will drop to even lower levels again.
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2012-07-19
, 10:52
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Posts: 4,672 |
Thanked: 5,455 times |
Joined on Jul 2008
@ Springfield, MA, USA
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#1880
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Originally Posted by gerbick
How did these miserably failing CEO's manage to stick around for so long (often to the bitter, painful end) of their failing companies?
How has Elop not been fired yet... seriously.
Robert Palmer at Digital Equipment Corporation (DEC)
Eckard Pfeiffer at Compaq
Carly Fiorina at HP
George Bell and Patti Hart at @Home
Jonathan Schwartz at Sun
George Shaheen at WebVan
John Sculley through Gil Amelio at Apple
Bernard Ebbers at WorldCom
Kay Whitmore at Kodak
John Rigas at Adelphia (so badly messed with the company's money that he ended up in jail)
Kenneth Lay at Enron (similarly would have gone to jail if he hadn't died first)
Now that I'm looking at such a long, long list.. maybe this isn't as rare as one might have hoped. Hmm?
Don't worry for Elop, though. I'm sure he'll do just fine even if Nokia dies off.
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Nokia's slogan shouldn't be the pedo-palmgrabbing image with the slogan, "Connecting People"... It should be one hand open pleadingly with another hand giving the middle finger and the more apt slogan, "Potential Unrealized." --DR
Nokia's slogan shouldn't be the pedo-palmgrabbing image with the slogan, "Connecting People"... It should be one hand open pleadingly with another hand giving the middle finger and the more apt slogan, "Potential Unrealized." --DR
Last edited by danramos; 2012-07-19 at 10:57.
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