Annual cost synergies of 600MM within 18 months - sounds like they plan to kill 3000 jobs.
http://www.microsoft.com/en-us/news/download/press/2013/Stra... (page 21)
Microsoft to acquire Nokia
51–60 of 156 posts
Re: Microsoft to acquire Nokia
#52Speaking of handset makers that missed the revolution, I wonder who will pick up RIM as they circle the drain. Microsoft is probably the favorite right?
Now that Microsoft is buying Nokia, it seems unlikely that Microsoft will buy Blackberry. Unless it's a firesale for the patents. Note: RIM changed its name to Blackberry Ltd, with a stock ticker of BBRY.
I'd say Blackberry is the big loser in this deal, since it probably takes one of their more plausible options off the table.
Re: Microsoft to acquire Nokia
#53The press release says Microsoft will acquire Nokia’s Devices & Services business and license Nokia’s patents and mapping services. So what happens to the rest of Nokia?
"Its device business now gone, Nokia's plan is to focus on three core technologies: NSN (its network infrastructure) HERE (its maps and location-based services); and Advanced Technologies (a licensing and development arm)."[1] It'll still exist. Most of the top executives are moving to Microsoft as part of the deal though. I am curious if this deal required shareholder consent of any type. I'm sure the board had to a…
"The transaction is expected to close in the first quarter of 2014, subject to approval by Nokia’s shareholders, regulatory approvals and other closing conditions."
So yes, it will require consent from Nokia shareholders.
Re: Microsoft to acquire Nokia
#54Seems like Elop stayed true to his nickname - of a trojan horse. He never really worked for Nokia. He's been working for Microsoft the whole time, just to sell it for this low price. How the hell are the shareholders okay with this? I'm shocked it sold for under $10 billion. Nokia's total valuation is about 15 billion, and you'd have to imagine they'd have to pay a 30 percent premium when buying it, so that's $20 bil…
Presumably Nokia's management thought they were getting a good deal for the devices business, since its long-term value to Nokia seems to be approaching zero.
Now if you ask: was Windows Mobile all a plot to blow up Nokia? That's an interesting question. I can't confirm that.
Re: Microsoft to acquire Nokia
#55Motorola and now Nokia, the last of the previous era big wigs have fallen. 13 years ago Lucent, Motorola, Ericsson, Sun, Nortel were huge. Now they are all gone. Even HP, Dell are no longer leading. That is a really short time span for a company to be on top of the world and disappear. Is this the expected life span of a tech company?
13 years ago was the dot-com bubble. What about Microsoft, IBM, Apple, Intel, Oracle?
Re: Microsoft to acquire Nokia
#56Motorola and now Nokia, the last of the previous era big wigs have fallen. 13 years ago Lucent, Motorola, Ericsson, Sun, Nortel were huge. Now they are all gone. Even HP, Dell are no longer leading. That is a really short time span for a company to be on top of the world and disappear. Is this the expected life span of a tech company?
Specialized hardware was always kind of a stopgap. Even now you can see networking companies facing the double threat of virtualized networking in software. Software is eating the world as Andreessen famously stated.
As to the life span of tech companies I think it will only get shorter. One thing I find interesting is that it's difficult for humans (including myself) to really internalize the overall effects of compounding interest. I read a comment the other day in which the author was joking about how they can't wait until 2023 when they get to look back and feel how they do now looking back at 2003. It doesn't always seem that the speed at which things are happening is increasing dramatically even if that's the case. The progress between 2003 until now will be completely overwhelmed just a few years from today.
Re: Microsoft to acquire Nokia
#57Great move by Microsoft. This is an acquisition that arguably puts Microsoft mobile capabilities above that of Google's, and closest to Apple's. They're getting industry veterans with great design talent. They're getting a Lumia product that has the best build quality of any non-Apple smart phone. They're acquiring proven channels to access global markets. Both Nokia and Microsoft have been floundering in the mobile…
But they were together already. This past time Nokia only developed Windows phones and Microsoft paid for the marketing of the Lumia. Nokia had Stephen Elop as CEO, for crying out loud. We already knew Nokia was a part of Microsoft. This is not a move, just a formality; the low price gives you another hint. If the partnership Microsoft-Nokia could have changed their positions in the mobile sector, it would have happe…
>>Nothing will change as a result of this.
A good guess is that the enthusiasm at e.g. Samsung for making Windows Phones have gone down quite a bit...
Windows Phones seems to be an internal Microsoft thing now, Xbox style.
Re: Microsoft to acquire Nokia
#58Nokia, rest in peace - we will miss you. Your phones were legendary.
Hear hear.
A black T-shirt today. :-(
Re: Microsoft to acquire Nokia
#59The old fat couple in the room had a dance and #microsoft just ran out of things to say, so in order to avoid an awkward moment (high end sales are abysmal) he proposed. #nokia looked around, didn't want to die alone, and like any scared middle aged woman, said yes.
Re: Microsoft to acquire Nokia
#60Earlier quoted context omitted.
With the exception of the folks doing keyboards (which they have been serially been screwing up for the last ten years) Microsoft has some very good hardware people. The Surface was a nice piece of kit, but way expensive (for unavoidable reasons, I hear) and running the wrong software (also for unavoidable reasons).
I remember their developer evangelists were running around showing off some $3000 Samsung tablet PC prior to the Surface and Surface Pro being released. People think the Surface is expensive because they compare it to the iPad or Nexus 7/10 product lines, but it seems like Windows RT is closer to a port of Windows 8 to ARM than anything else, which makes it seem odd that you'd think to run Windows Rt on a $200 tablet…
I think (s)he was talking about what used to be called "Surface", which is now called "PixelSense".