Former Nokia CEO saw trouble brewing; Microsoft to throw more money at Noks?

Former Nokia CEO saw trouble brewing; Microsoft to throw more money at Noks?Two Nokia stories for the price of one here, man. Can’t argue with that. In story the first, we’re hearing that former CEO Jorma Ollila could see exactly where Nokia was headed.

And in related news (in the sense that it relates to Nokia being a bit rubbish), various analysts are predicting that Microsoft will bail out Nokia, should the need arise.

Jorma Ollila was the big cheese at Nokia from 1992 to 2006, mostly good times, but admits that the company was well aware there were hard times ahead.

“It was mainly started with the weak software platform and the fact that this was not a European strength. We had recognized for 10 years, in the late 90′s and early 2000 what Nokia’s strength should be, but we were not in a position to implement it,” explains Jorma.

Ollila reckons it’s not too late to turns things around, but notes: “In any case, this will be a long process, almost a marathon.”

As for Nokia’s partnership with Team Ballmer, Microsoft reportedly pumps $1 billion a year into the Finnish manufacturer for adopting Windows Phone 7 as its “primary smartphone platform”.

However, despite that injection, Nokia is struggling, with both profits and market share on the slide. But big daddy Microsoft isn’t about to let Nokia sink.

“If Nokia ends up in financial difficulties I believe the helping hand would be there,” says Nordea analyst Sami Sarkamies.

Microsoft is said to have $60 billion in cash lying around, while Nokia is worth around $9.3 billion. Buyout? Nokisoft? Nah, probably not.

“I don’t see Microsoft owning Nokia, but it would definitely provide financing to the tune of a couple of billion dollars,” adds another chap.

All in all, a pretty sorry state of affairs for the world’s former number one.

via: WMPoweruser

Read more about: Symbian

Add a comment
7 comments

JanSt / MOD  May. 8, 2012 at 12:19

Wonder what they're all up to?

CTPAHHIK  May. 8, 2012 at 13:14

Making phones, of course.

JanSt / MOD  May. 8, 2012 at 13:16

Making phones, of course.
oh, yes... Thanks :)

Pondlife  May. 8, 2012 at 14:47

Just ones that not many want.

JanSt / MOD  May. 8, 2012 at 14:55

Just ones that not many want.
Yeah hahaha, and those that ppl do want, are released only "elsewhere", in limited numbers, with fragmented updates... Quite outstanding strategy...

Pondlife  May. 8, 2012 at 14:58

As Symbian is still outselling wp7 are they actually not fulfilling their end of the deal ;)

As for Nokia’s partnership with Team Ballmer, Microsoft reportedly pumps $1 billion a year into the Finnish manufacturer for adopting Windows Phone 7 as its “primary smartphone platform”.

JanSt / MOD  May. 8, 2012 at 15:08

As Symbian is still outselling wp7 are they actually not fulfilling there end of the deal ;)

As for Nokia’s partnership with Team Ballmer, Microsoft reportedly pumps $1 billion a year into the Finnish manufacturer for adopting Windows Phone 7 as its “primary smartphone platform”.


hahaha... yeah, M$ should sue Elop :D

I'm pretty sure, given availability, the 808 alone will outsell all WP devices this year.

Email:

You don't need an account to comment. Just enter your email address. We'll keep it private.

Comment: