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To: Maurice Winn who wrote (6700)2/15/2011 11:33:30 AM
From: elmatador
   of 9165
 
While during the merger they were looking inside. Huawei and ZTE came from behind and créu!

Here is the meaning of créu!
youtube.com 

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To: John Koligman who wrote (6704)2/15/2011 12:12:08 PM
From: John Koligman
   of 9165
 
Microsoft's ecosystem is a tough sell to Verizon
by Marguerite Reardon


BARCELONA, Spain--Verizon Communications Chief Technology Officer Tony Melone would love to see a third player in the mobile OS market, but Microsoft's Windows Phone platform may not be it.

Melone said during an interview at the Mobile World Congress here, that it is important for the mobile industry to have more than two choices in major software platforms for mobile devices. But he is skeptical that Microsoft, which has seemingly had a slow start in the market with its Windows Phone 7 software, will have a chance to be that third horse.

That said, Verizon plans to offer its first Windows Phone 7 product this spring, Microsoft announced yesterday.

"I do want a strong third OS out there," Melone said. "It gives the carriers more flexibility and balances the interests of all the parties. But I still have doubts whether Microsoft will get the traction they are hoping for with Windows Phone 7."

Last week, Nokia and Microsoft announced a close strategic partnership, in which Nokia will focus new product development exclusively on Microsoft's Windows Phone platform in lieu of its own software. But Melone doesn't think the Microsoft-Nokia relationship will help Windows Phone 7 become a dominant force on Verizon's network, since Nokia is not a Verizon handset partner. Nokia got rid of its CDMA business years ago. (CDMA and EV-DO are the technologies that Verizon uses for its voice and 3G data service.) Melone said even if Nokia starts building CDMA devices again, it would be very difficult for Nokia or any new handset player to break into its product line anytime soon.

"If you look at our device pipeline for 2011, we have very strong relationships with LG, Samsung, Motorola, HTC, and now Apple," he said. "So I think it would take a really compelling device from Nokia or any new vendor to break in. It doesn't mean that it can't happen, but it would have to be really good."

In a separate interview at MWC, Nokia CEO Stephen Elop indicated that Nokia may have already begun courting Verizon as part of its new strategy. Elop wouldn't elaborate on any plans to build CDMA phones for Verizon or other carriers, but he noted that he had spoken to Verizon executives the night before the deal with Microsoft was announced last week.

The bottom line, Melone said, is that Verizon has what it needs from its current partners.

"I don't think Verizon needs the Nokia and Microsoft relationship," he said. "Right now the three OS players we see for our network are Android, Apple, and RIM. "

Research In Motion, the maker of the BlackBerry, has seen growth slip the past few quarters. It dropped some worldwide market share in the smartphone market in 2010, according to IDC. In 2010, Nokia, which is still the No. 1 smartphone provider in the world, saw its annual market share fall to 33.1 percent, from 39 percent in 2009, while RIM's share dropped to 16.1 percent from almost 20 percent. Meanwhile, third-place Apple saw its market share rise to 15.7 percent from 14.5 percent.

"People are still buying BlackBerrys on Verizon's network," Melone said. "And I do consider RIM a strong third player. I know the momentum is not in their favor right now. But they have been strong in the past and there is potential for them to rebound. So I wouldn't discount them."

Melone also noted that WebOS from Palm, which is now owned by Hewlett-Packard, is a potential wild card in the OS wars.

"If HP decides to license WebOS that could also become a third or fourth player that is used by OEMs," he said. "I'm more optimistic with WebOS developing into a strong player, just based on the strength of the OS. It has some very unique and good characteristics."

Nokia's Elop acknowledged that RIM is a worthy competitor, but he said that the Nokia/Microsoft relationship offers carriers and consumers a more comprehensive offering. He said that RIM is in the same position that Nokia was in before it partnered with Microsoft. It has the hardware, but doesn't have an ecosystem built around it.

"They are selling a lot of phones, and there are some innovative designs," Elop said in an interview. "But I really believe that this is an ecosystem game. We can offer the consumer both innovative hardware and an OS with a good user experience, and an advertising platform with location services, and the list goes on and on."

Microsoft also believes it has a lot to offer carriers.

"Of course wireless operators want more alternatives that will [help] them to add value," CEO Steve Ballmer said yesterday during his keynote speech at MWC. "And Windows Phone will be the most operator-friendly OS on the market."

But Verizon and Microsoft have not had the best relationship in the past. Microsoft's Kin phone, which was introduced on Verizon's network last year and quickly removed a few months later, left a bitter taste in Verizon's mouth. And in an interview with CNET in the fall, COO Lowell McAdam did not seem thrilled to offer future Microsoft products He said that Microsoft was not at the "forefront of our mind."

Greg Sullivan, a senior product manager for Microsoft, said that he couldn't speak specifically to Verizon's hesitation regarding the Microsoft platform, but he said he was looking forward to changing the carrier's perception.

"We want to change that opinion," he said, "There are things we hope to do in terms of responsiveness to get more developer support. And we want to enable mobile operators to do things that bolster their brands and create more opportunities for them."

Verizon has worked closely with Google and handset makers Motorola, Samsung, and HTC to introduce products to compete against the Apple iPhone, which until this month had been exclusively available for the AT&T network. And the strategy was a huge success helping Verizon add millions of new smartphone customers. But it's clear that Verizon doesn't want to become too dependent on Google.

"We have good and deep strong relationships with Google and Apple," Melone said. "But it's good to have balance in these relationships. As a carrier we want to make sure there is flexibility. We don't want to be viewed as a dumb pipe. And it's good to have choices for us and our customers."
Marguerite Reardon

Read more: reviews.cnet.com 

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To: John Koligman who wrote (6708)2/15/2011 12:55:53 PM
From: elmatador
   of 9165
 
Nokia remains for now the undisputed king of wireless technology

Message 16452937

yes, ten years ago.

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To: carranza2 who wrote (6701)2/15/2011 1:00:13 PM
From: elmatador
1 Recommendation   of 9165
 
The era of acquisitions and mergers of established European and U.S.-based vendors in the mid 2000s resulted in a loss of strategic focus as the new companies tried to settle, says Simon Lee, head of Farwell Consultants.

Message 27169660

This how Siemens, Nokia, Lucent and Alcatel lost to the Chinese

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To: hedgefund who wrote (6703)2/16/2011 1:05:49 PM
From: Eric L
   of 9165
 
Nokia's Annual Dividend

Hedgie,

<< Just recently bought a little NOK; anyone think that the dividend is endangered...I know NOK has a bunch of cash >>

Yes. While Nokia's margins are significantly compressed and they have had back to back tough years since the global recession struck they are still nicely profitable, hold a bundle of cash, and generate more cash each quarter. As this hedgefund manager noted Monday ...

When all interest-bearing liabilities are deducted from the December 31 balance of cash, liquid cash equivalents and 80% of the long-term cash-like assets, each diluted share is entitled to $2.12, assuming (i) the EUR / USD rate of 1.3546 on February 13 and (ii) the minority interest’s right to 27.4% of assets. Looking back at 2010, Nokia generated $285M of cash per month from operations, net of capital expenditures and dividends. For the year, this came out to $0.92 per diluted share. - Jx Capital Management -

seekingalpha.com 

I seriously doubt that the propsed dividend of €0.40 per share ($0.54/share at yesterday's exchange rate) is endagered BUT that proposed dividend does need to be approved at Nokia's AGM which is scheduled for May 3.

>> Nokia Board of Directors Convenes Annual General Meeting 2011

Dividend of EUR 0.40 per share will be proposed for 2010 (EUR 0.40 for 2009)

Nokia Corporation
Espoo, Finland
Stock Exchange Release
January 27, 2011

nokia.com 

• Nokia announced today that its Board of Directors has resolved to convene the Annual General Meeting on May 3, 2011 and that the Board and its Committees will submit the below proposals to the Annual General Meeting.

• Proposal to pay a dividend of EUR 0.40 per share

• Proposals on the Board composition and remuneration

• Proposal for a new stock option plan as part of Nokia Equity Program 2011

• Proposal to authorize the Board to repurchase shares to maintain flexibility but with no current plans to repurchase shares in 2011

• Proposal to re-elect the external auditor

Proposal to pay a dividend

The Board will propose to the Annual General Meeting that a dividend of EUR 0.40 per share be paid for the fiscal year 2010. The dividend ex-date would be May 4, 2011, the record date May 6, 2011 and the payment date on or about May 20, 2011.

Proposals on Board composition and remuneration

Nokia Board members, Lalita Gupte and Keijo Suila, have informed that they will no longer be available for the Nokia Board of Directors. Ms Gupte was first appointed to Nokia Board in 2007 and she has been a member of the Audit Committee during her entire directorship. Mr Suila has been Nokia Board member since 2006 and he is currently also a member of the Personnel Committee.

The Board's Corporate Governance and Nomination Committee will propose to the Annual General Meeting that the number of Board members be eleven (11) and that the following current Nokia Board members be re-elected as members of the Nokia Board of Directors for a term ending at the Annual General Meeting in 2012: Bengt Holmström, Henning Kagermann, Per Karlsson, Isabel Marey-Semper, Jorma Ollila, Marjorie Scardino and Risto Siilasmaa.

In addition, the Committee will propose that Jouko Karvinen, CEO of Stora Enso Oyj, Helge Lund, President and CEO of Statoil Group, and Kari Stadigh, Group CEO and President of Sampo plc, be elected as members of the Nokia Board of Directors for a term ending at the Annual General Meeting in 2012. Also, the Committee will propose election of Stephen Elop, President and CEO of Nokia Corporation, to Nokia Board of Directors for the same term.

Additional information about the Board member candidates will be available in the Committee proposal.

As to the Board remuneration, the Corporate Governance and Nomination Committee will propose that the annual fee payable to the Board members elected at the Annual General Meeting on May 3, 2011 for a term ending at the Annual General Meeting in 2012, remain at the same level than during the past three years as follows: EUR 440 000 for the Chairman, EUR 150 000 for the Vice Chairman, and EUR 130 000 for each member, excluding the President and CEO of Nokia if elected to the Nokia Board; for the Chairman of the Audit Committee and the Chairman of the Personnel Committee an additional annual fee of EUR 25 000; and for each member of the Audit Committee an additional annual fee of EUR 10 000. Further, the Corporate Governance and Nomination Committee will propose that, as in the past, approximately 40% of the remuneration be paid in Nokia Corporation shares purchased from the market, which shares shall be retained until the end of the board membership in line with the Nokia policy (except for those shares needed to offset any costs relating to the acquisition of the shares, including taxes).

New stock option plan as part of Nokia Equity Program 2011

As part of Nokia Equity Program 2011, the Board proposes to the Annual General Meeting that selected personnel of Nokia Group be granted a maximum of 35 million stock options until the end of 2013. The planned maximum annual grant for the year 2011 under this Stock Option Plan 2011 is approximately 12 million stock options, with the remaining stock options available through the end of 2013. The proposed 2011 Stock Option Plan will succeed the previous 2007 Stock Option Plan approved by the Annual General Meeting 2007 which has not been available for further grants of stock since the end of 2010. The stock options entitle recipients to subscribe for a maximum of 35 million Nokia shares over the life of the plan. The sub-categories of stock options to be granted under the plan will have a term of approximately six years. The vesting periods of the stock options are as follows: 50% of shares granted under each subcategory vesting after three years from grant date and remaining 50% vesting four years after the relevant grant date. The exercise period for the first sub-category will commence on July 1, 2014 and the exercise period for the last sub-categories will expire on December 27, 2019. The exercise prices (i.e., share subscription prices) shall be determined on a quarterly basis at grant and will be equal to the market price of the Nokia share quoted in public trading at the time of the pricing, as determined in the plan's terms and conditions.

The overall Nokia Equity Program 2011, following previous years' practice, has the below structure as approved by the Board of Directors and subject to the approval of the Stock Option Plan 2011 by the Annual General Meeting:

• Performance Shares - offered as the main equity-based incentive to approximately 4 700 employees, who receive shares only upon the achievement of threshold level for the two independent performance criteria: Average Annual Net Sales Growth and Average Annual EPS;

• Stock options - a more limited plan, used in conjunction with performance shares on a selective basis for senior managers, to better align with a focus on Nokia share price appreciation; and

- Restricted Shares - granted on a very selective basis to retain our high potential and critical talent, vital to the future success of Nokia.

As Nokia clarifies its strategic directions, the Equity Program 2011 will support employee focus and alignment with the company's targets. The Equity Program 2011, like Nokia equity programs of previous years, will attract, retain and motivate critical talent. Similarly, it intends to align the potential value participants receive directly with the long-term performance of the company, thus aligning the participants' interests with Nokia shareholders' interests. Nokia's balanced approach and use of the performance-based plan as the main long-term incentive vehicle effectively contributes to the long-term value creation and sustainability of the company and ensures that compensation is based on performance.

Under the Nokia Performance Share Plan 2011, Nokia shares will be delivered provided that the Company's performance reaches at least one of the required threshold levels measured by two independent performance criteria:

(1) Average annual net sales growth during the performance period; and

(2) Average annual earnings per share (EPS) (diluted, non-IFRS) during the performance period.

The threshold and maximum levels for the Performance Share Plan 2011 are scheduled to be determined and disclosed during the first quarter of 2011. No Performance Shares will be granted under the plan prior to that.

The Performance Share Plan 2011 has a three-year performance period (2011-2013). The grant of Performance Shares in 2011 may result in an aggregate maximum payout of 28 million Nokia shares, should the maximum level for both performance criteria be met. Nokia intends to continue to grant performance shares also in 2012-2013 up to a total maximum payout of approximately 56 million Nokia shares, should the maximum level for both performance criteria be met.

The Restricted Share Plan 2011 has a three-year restriction period. The grant of Restricted Shares in 2011 may result in an aggregate maximum payout of 9 million Nokia shares. Nokia intends to continue to grant restricted shares also in 2012-2013 up to total payout of approximately 18 million Nokia shares.

As of December 31, 2010, the total maximum dilution effect of Nokia's equity program currently outstanding, assuming that the performance shares are delivered at maximum level, is approximately 1.5 %. The potential maximum effect of the Nokia Equity Program 2011 will be approximately another 1.3 %.

The performance period for the Performance Share Plan 2008 ended on December 31, 2010, and there will be no settlement under the plan as the threshold performance criteria of EPS and Average Annual Net Sales Growth were not met. To fulfill the Company's obligations under other, considerably more limited equity incentive plans, Nokia's Board of Directors has resolved to issue a total amount of 1 315 000 Nokia shares (NOK1V) held by the Company to settle its commitment to approximately 500 participants, employees of the Nokia Group.

Proposals to authorize the Board to repurchase shares

The Board will propose that the Annual General Meeting authorize the Board to resolve to repurchase a maximum of 360 million Nokia shares. The proposed maximum number of shares is the same as in the Board's current share repurchase authorization and it represents less than 10 % of all the shares of the Company. The shares may be repurchased in order to develop the capital structure of the Company, finance or carry out acquisitions or other arrangements, settle the Company's equity-based incentive plans, be transferred for other purposes, or be cancelled. The shares may be repurchased either through a tender offer made to all shareholders on equal terms, or through public trading from the stock market. The authorization would be effective until June 30, 2012 and terminate the current authorization granted by the Annual General Meeting on May 6, 2010.

The repurchase authorization is proposed to maintain flexibility, but the Board has no current plans for repurchases during 2011. [Underline mine: EL]

Election Of External Auditor

In addition, the Board's Audit Committee will propose to the Annual General Meeting that PricewaterhouseCoopers Oy be re-elected as the Company's auditor, and that the auditor be reimbursed according to the invoice and in compliance with the purchase policy approved by the Audit Committee.

The notice to the Annual General Meeting and the complete proposals by the Board and its Committees to the Annual General Meeting are scheduled to be published on Nokia's website at nokia.com  on February 2, 2011. [See Link Below] ###

>> Notice of the Annual General Meeting of Nokia Corporation

Nokia Corporation
Stock exchange release
February 2, 2011
February 02, 2011

nokia.com 

Notice is given to the shareholders of Nokia Corporation (the "Company") of the Annual General Meeting to be held on Tuesday, May 3, 2011 at 3:00 p.m. at Helsinki Fair Centre, Amfi Hall, Messuaukio 1, Helsinki, Finland. ... <Snip> ... The Board proposes to the Annual General Meeting a dividend of EUR 0.40 per share for the fiscal year 2010. The dividend would be paid to shareholders registered in the Register of Shareholders of the Company on the record date of the dividend payment, May 6, 2011. The Board proposes that the dividend will be paid on or about May 20, 2011. ... <Snip Rest: full text at link above >

###

Cheers,

- Eric -

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To: 49thMIMOMander who wrote (6646)2/16/2011 3:38:35 PM
From: Eric L
   of 9165
 
YLE Ollila Interview

Yo Ilmarinen,

This is evidently about to begin. I'm assuming Jorma will be speaking in Finnish. If you see an English transcript or summary please posta link.

<< Nokia’s Ollila to Comment on Microsoft Alliance >>

YLE.fi

yle.fi 


Nokia’s Chairman of the Board and former CEO, Jorma Ollila, is to comment on the company’s new strategy in a live TV broadcast on YLE late Wednesday.

The interview, on the talk show A-plus, will be Ollila’s first public appearance since Finland’s biggest company unveiled its new strategy last week.

Earlier on Wednesday, he spoke to an invitation-only event at the Helsinki Stock Exchange marking the 50th anniversary of the Finnish magazine Tekniikka&Talous. Ollila strongly defended the decision to team up with Microsoft, saying that the US is generally ahead of Finland and the rest of Europe in software development.

There are fears that Nokia’s partnership with Microsoft could lead to the loss of thousands of jobs in Finland.

Along with the potential staff reductions, the interview is to focus on Ollila’s own position in the company and investors’ lack of confidence in the alliance between the Finnish and American technology giants.

A-plus will also ask Ollila how he expects Nokia and Microsoft to fare against Google and Apple.

The 20-minute interview begins at 9.40 pm on Wednesday on TV1. Highlights of Ollila’s comments will be available soon after the programme at yle.fi/news ###

Cheers,

- Eric -.

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From: Eric L2/16/2011 5:25:02 PM
1 Recommendation   of 9165
 
To Participants of This Board ...

I'm way behind in responding to PMs that have arrived over the last 2 weeks in my inbox and there have been several posts to this board directed to me (or others) that I have 'kept' with the intention of eventually responding. By way of explanation I've been rather absorbed since the beginning of this calendar year by my active participation in planning a Win7 upgrade project with one of my locally headquartered multinational IT clients so I have not had much time to post to SI mobile wireless boards. I'll reengage one of these days, and perhaps do some catch-up between now and the end of this weekend

I have yet to formulate a reasoned opinion about Nokia's extremely out of the box strategy overhaul other than to say they have a very challenging year ahead making their intended transition on the mid-tier and high end of their product range, and it certainly hasn't gotten any easier on the low end for entry level and feature phones either Both Samsung and Nokia, the duopoly that dominates the broad range handset industry and its legitimate market have struggled there and Forex is always much in play and it is a wild card neither can control.

To those that have pronounced Nokia dead, however, I say Balderdash, and check back with me at this time next year for a sanity check (mine and yours).

Best to all.

- Eric -

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To: slacker711 who wrote (6682)2/16/2011 5:31:28 PM
From: Eric L
   of 9165
 
Qualcomm's CEO on Elop's Strategy Decision (from Finland's Helsingin Sanomat) ...

Slacker,

Paul's more positive on the decision than many (or most) of the Nokiaphobic Europhobes that populate the SI Qualcomm board you now host and moderate on our behalf, as well as many financial analysts and the worldwide investing public at large ...

>> Jacobs says, taking Samsung’s Windows phone out of his pocket.

”It will bring depth and sprit to the Windows ecosystem, which is very important for application developers. It is also a sign of the fact that even though the company worked hard with MeeGo, a new operating system had to be introduced on the market sooner”, "”I feel that it is important to notice that [Nokia CEO] Stephen Elop has made a decision which will push Nokia forward. In addition, the new operating system will help the company to rationalise its service strategy ... I am looking forward to getting an opportunity to work with him." ... Jacobs is one of the few people with whom Elop has discussed the change.

Qualcomm is the world’s largest maker of handset chips, which are already in use in various Windows Mobile and Google Android devices. ###


As detail about how (and why) Nokia plans to position Symbian, MeeGo, Ovi, and Qt on a short, medium and possibly long term basis through what will be a tough transition I'm beginning to somewhat warm to Elop's 'Ecosystem' and primary OS platform decision (the Nokia Board's decision which he facilitated and publicly presented). Please don't take the preceding statement as an endorsement of the decision, however. My personal jury is out on Elop and the decision, and I have no intention of rushing to judgement on the matter.

I NEVER expected. the decision and was floored when Stephen announced it. I assumed that Nokia would ratify the prior platform strategy based on Qt with Ovi as its cornerstone, promise significantly better execution in delivering it, and announce expanded cooperation with the Microsoft collaboration with Nokia thet Elop had previously engineered.

As a LT QCOM shareholder I view this as a significant medium and hopefully long term opportunity for Qualcomm and a chance to cement a relationship that has been building for some time. Nokia will want a 2nd source and ST-Ericsson is no doubt still in the picture but I think Nokia is not real happy with the way the relationship has evolved to date and while I don't rule it out altogether I don't see them doing Win Phone IC business with Media Tek who supposedly will be producing low cost Win Phone ICs ...

>> Nokia’s New Strategy Prompts Suspicions Among Investors And Consumers Alike

At Barcelona’s Mobile World Congress the Partnership between Nokia and Microsoft Sparked Lively Debate

Everybody is talking about it: in restaurants, in the streets, in the corridors of the congress venue, even in the loos.



The mobile phone giant Nokia’s decision to start utilising Microsoft’s Windows Phone 7 operating system as the primary software platform for its smartphones has been possibly the hottest topic of debate at the Mobile World Congress that started in Barcelona on Monday.

Many professionals working in the mobile phone industry have already expressed astonishment at Nokia’s decision. Even investors seem to have plenty of doubts. On Monday, the Nokia share price continued to fall on the Helsinki Stock Exchange: the share price came down by more than 5%, after shedding 14% of its value on Friday.

The prevailing opinions about Nokia and Microsoft’s alliance are comparatively convergent: Nokia is taking a major risk by outsourcing the operating system of its smartphones. If consumers are not enthusiastic about Nokia’s Windows handsets, the situation at the company could in a couple of years’ time be even more fraught than it is today.

Tim Boddy, an analyst at Goldman Sachs International, estimated in his report on Monday that this is the most significant change at Nokia since the beginning of the 1990s. At that point, the company divested many of its businesses, investing strongly in mobile phones and network equipment.

At the 2010 Mobile World Congress, Nokia and Intel, the world’s largest manufacturer of semiconductors, announced that they would be linking up their programming develop activities. The Moblin software platform, developed by Intel for mobile devices, and Nokia’s corresponding Maemo were to be merged into MeeGo, a new Linux-based software platform.

Now Nokia has decided to give up its open MeeGo software [actually it hasn't], and replace it by a closed operating system.

”When it comes to Nokia products, we will have to ask them, but we are disappointed with their decision. Instead, Intel is committed to MeeGo, like very many other device makers and teleoperators. We are annoyed, but life goes on”, said Renée James, the senior vice president and general manager of the Software and Services Group for Intel Corporation, at a press conference. After the occasion, she refused to comment on the time when Nokia informed them about replacing MeeGo or on the existence of any legal disputes between the two companies relating to contract law.

Nomura analyst Stuart Jeffrey, who is familiar with Nokia, stresses that Nokia had only a bare few options left.

”For four years, Nokia has tried to fix its own Symbian platform without success. The several years of development in the Maemo and MeeGo operating systems did not yield any meaningful results either, and neither did the OVI services”, Jeffrey notes. In Jeffrey’s view, the Nokia CEO could still have waited for MeeGo to develop.

”Maybe he noticed that the company did not have enough know-how to fix these issues, which is why Nokia had to choose a swap out for Microsoft software. However, we can say that when it comes to risk management, the company could have chosen both {or even Google's Android}”, Jeffrey continued.

In Jeffrey’s opinion, it is now clear that Nokia is no software company.

Paul Jacobs, the CEO of the US semiconductor company Qualcomm, regards Nokia’s decision as exciting.

”It will bring depth and sprit to the Windows ecosystem, which is very important for application developers. It is also a sign of the fact that even though the company worked hard with MeeGo, a new operating system had to be introduced on the market sooner”, Jacobs says, taking Samsung’s Windows phone out of his pocket.

Qualcomm is the world’s largest maker of handset chips, which are already in use in various Windows Mobile and Google Android devices.

”I feel that it is important to notice that [Nokia CEO] Stephen Elop has made a decision which will push Nokia forward. In addition, the new operating system will help the company to rationalise its service strategy”, Jacobs contemplates.

Jacobs is one of the few people with whom Elop has discussed the change.

”I am looking forward to getting an opportunity to work with him”, Jacobs adds.

Investors still failed to grasp fully the benefits of the Nokia-Microsoft partnership in Helsinki on Tuesday, as the stock opened at just EUR 6.57 and briefly touched EUR 6.56, its lowest level in the 21st century. Thereafter there was some cautious buying and by 14:00 the share had risen from the depths somewhat, reaching EUR 6.75 at one stage.

The enthusiasm was rather short-lived, however, and at the time of posting this article at 14:27, Nokia was trading only marginally up on the day at EUR 6.63, the self-same price at which it closed on Monday, with a sharply downward trend. Much will depend in the medium term on the speed with which the two companies can get a new handset model onto the market, and then of course on the relish with which consumers respond to it.

Nokia's woes in recent years have been all about failure to secure a foothold at the top end of the lucrative smartphone market, where it has faced serious competition from Apple's iPhone and the newer Android phones. ###

Cheers,

- Eric -

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To: Eric L who wrote (6712)2/16/2011 11:28:13 PM
From: Eric L
   of 9165
 
Jorma AND OPK Speak on the New Nokia Micosoft Alliance on Finnish TV

>> Former Nokia CEO Speaks Out on Recent Changes

YLE.fin
February 16 2011 at 03:32 PM, updated 2/17 at 04:45 PM in Finland

yle.fi 


Nokia’s former CEO, Olli-Pekka Kallasvuo, who was replaced by Stephen Elop last September, said that Nokia is far more complex than it appears on the outside. Kallasvuo did not reveal whether negotiations regarding a partnership with Microsoft started during his leadership.

In an interview with a YLE Radio Suomi programme, Kallasvuo said that cooperation with Microsoft is one of the biggest changes that Nokia has ever embarked upon. Under Kallasvuo, Nokia was criticised for being overly cautious and slow-moving.

“It’s easy to simplify things from the outside and claim, ‘yes, it’s so, lock, stock and barrel.’ In actual fact, issues are much more complex and difficult,” he said.

He did not disclose whether Nokia was already considering cooperation with Microsoft in his days at the company’s helm.

Kallasvuo has not purchased shares in Microsoft, but at the moment holds 400,000 Nokia shares.

The former CEO has also admitted that departure from Nokia’s leadership was for him far from easy. ###

>> Nokia’s Ollila Vigorously Defends Microsoft Alliance

YLE.fin
February 16 2011 at 10:24 PM, updated 2/17 at 05:50 AM in Finland

yle.fi 


In a live TV broadcast on YLE late Wednesday, Nokia’s Chairman of the Board and former CEO, Jorma Ollila, bullishly predicted that the company fortunes will recover strongly after a transitional period of a year to 18 months.

The 20-minute interview on the talk show A-plus was Ollila’s first public appearance since Finland’s biggest company unveiled its new strategy last week.

Regarding the decision to phase out the company’s own Symbian and MeeGo operating systems and replace them with Windows Phone 7, he said: “The boldness with which this decision was made will be repaid in the long run.”

However he indicated that the first Nokia-Windows phones would not be released until next year. In the meantime, he said, the firm would continue to release phones using the Symbian platform and at least one using the MeeGo system.

According to Ollila, Nokia allied itself with Microsoft because the Symbian operating system would not have been sufficiently competitive in the long run – noting that it is “absolutely exceptional how fast the changes have been in this sector in the past few years.”

He says that before making the decision, the company spent several months studying its own competitiveness and the possibilities of adopting two or three other operating systems, including Google’s Android, adding that “there were other suitors as well.”

“This was a very good situation from Nokia’s point of view because there were there were interesting partners on offer, and we were able to choose which one we could make the best deal with,” he said.

No Word Yet on Job Cuts

There are fears that Nokia’s partnership with Microsoft could lead to the loss of thousands of jobs in Finland. However Ollila said it is still far too early to speculate on the number of possible redundancies.

“It is far too early to discuss how many job cuts there will be, because we simply don’t know,” he said. “It will take weeks or months before we can decide that.”

Regarding Ollila’s own position in the company, he reiterated that he is available to serve as Chairman until 2012.

He declined to discuss former CEO Olli-Pekka Kallasvuo or rumours that former Executive Vice President Anssi Vanjoki would have been his own choice as new CEO, saying simply: “We don’t look back, we’re looking forward.” Ollila also dismissed as ‘nonsense’ speculation that former Microsoft executive Stephen Elop, who took over as Nokia CEO in September, was ‘Microsoft’s Trojan horse’.

Earlier on Wednesday, Ollila spoke to an invitation-only event at the Helsinki Stock Exchange marking the 50th anniversary of the Finnish magazine Tekniikka&Talous. There too, he strongly defended the decision to team up with Microsoft, saying that the US is generally ahead of Finland and the rest of Europe in software development. ###

>> Expect Nokia Windows phones in 2012: chairman

Terhi Kinnunen
Reuters
February 16, 2011 at 3:56pm EST

Nokia board chairman said on Wednesday Nokia Windows phones will be on the markets from 2012 on and noted that Nokia had other potential partners in addition to Microsoft and Google.

Nokia announced last Friday it would partner with Microsoft and would adopt Windows Phone software across its devices, replacing its home-grown Symbian platform and turning the world's largest cellphone maker into a pure hardware player.

"These Windows-based products (will be on markets) from 2012 onwards," Jorma Ollila said in an interview with Finnish broadcaster YLE.

Nokia Chief Executive Stephen Elop said on Tuesday the firm was feeling the pressure and aimed to produce a phone running new partner Microsoft's operating system by the end of this year.

Ollila said Microsoft had not been the only option for Nokia and noted many companies had showed their interest in cooperating with the Finnish mobile phone maker.

"There were Microsoft, Google and our own choice (to continue alone). And in addition to these we also had other suitors."

He [Jorma] also said he had not been pressured by any shareholders about who should be Nokia's chief executive. Elop started at the helm of Nokia last September and the Canadian is the first non-Finn to head the firm.

Ollila repeated that he is available to work at Nokia board until 2012. ###

- Eric -

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To: Eric L who wrote (6715)2/16/2011 11:55:13 PM
From: Dinesh
   of 9165
 
Eric, very much appreciate your posts.

On OPK. Why can't he go spend a few months climbing Mt Everest or something different, perhaps. Imagine, if Elop is per chance successful in accomplishing what OPK thought as "far more complex"?

Regards
Dinesh

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