Can someone explain why Elop did a bad job? No one was buying Nokia phones anymore... they are now.
[citation needed]
Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
21–30 of 78 posts
Re: Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
#22Can someone explain why Elop did a bad job? No one was buying Nokia phones anymore... they are now.
It's more like the other way around. I used to know lots of people with Nokia phones, both feature phones and smartphones. Now there are only iPhones and Androids, I don't think I've seen a phone with Windows except in a store.
Besides, Nokia had great reputation as a quality brand. Some of their phones were unbreakable. They've lost their reputation since their deal with MS.
Re: Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
#23Probably not this proposal, but there are a couple scenarios that could lead to Nokia being a takeover target: 1. Microsoft's activist shareholders tanking the deal, perhaps by pointing out that buying Nokia's factories and the whole legacy handset business including Series 30 and Asha is pretty crazy. 2. Nokia's board concluding that, now that they are rid of Elop, could reboot Nokia themselves: spin Jolla back in,…
Nokia doesn't have money any more to develop Android phones on their own. They don't even have money to continue with WP strategy on their own. Elop spent billions of Nokia's money to boot Windows Phone and restructure the operation as a Microsoft division. It was 'all in' with Nokia's money.
Nokia has, at least, the resources to operate its infrastructure division. There have been sorrier messes in the mobile OEM business.
Nokia has Android ready to go on existing devices. Bringing up Android isn't rocket surgery. You would have to ask the Jolla people how much it would cost to put Sailfish on existing devices. I bet their answer would be under $10M.
In other words, claims that Nokia had to "focus" on one OS due to costs were bunk then and they are bunk now. Lots of newcomer OS are hitting the market and the costs to try them are low enough that many OEMs will sell Tizen and Firefox OS devices just to test market acceptance. Nobody will spend so much they bet the farm.
Re: Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
#24Or just wait a couple of years until the block on using the brand on smartphones is removed and sell the name to Xiaomi, Huawei, or Lenovo.
Re: Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
#25"Android and Linux products" - please, no!
Yes, how dare they not make a Plan 9 phone!
Re: Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
#26Probably not this proposal, but there are a couple scenarios that could lead to Nokia being a takeover target: 1. Microsoft's activist shareholders tanking the deal, perhaps by pointing out that buying Nokia's factories and the whole legacy handset business including Series 30 and Asha is pretty crazy. 2. Nokia's board concluding that, now that they are rid of Elop, could reboot Nokia themselves: spin Jolla back in,…
Nokia doesn't have money any more to develop Android phones on their own. They don't even have money to continue with WP strategy on their own. Elop spent billions of Nokia's money to boot Windows Phone and restructure the operation as a Microsoft division. It was 'all in' with Nokia's money.
Not accurate. They're flush with cash.
End of fiscal 2010, they had $16.4 billion in cash.
Today they have $12 billion in cash. With zero long term liabilities.
They have drastically more money than they would need to remake their business and target Android.
If it didn't work, that might be the last shot they get at it however.
Re: Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
#27It's really weird how people have started to anthropomorphize these corporations and their products...why do this? If you could raise billions you could start a new endeavor? Nokia isn't an old friend of yours. There's nothing to "save". Raise your billions and hire some of their designers if you like the work that they do.
1) There's $12 billion in cash in Nokia, representing 42% of their market valuation
2) There's a lot of intellectual property
3) There's a global brand
4) I think it's safe to assume there are a lot of excellent people that still work for Nokia
There's a lot to be "saved." Whether Nokia could be turned around on its own is another matter.
Re: Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
#28Can someone explain why Elop did a bad job? No one was buying Nokia phones anymore... they are now.
[citation needed]
WP started to get some traction recently, nothing earth-shattering but still... http://thenextweb.com/insider/2013/11/04/report-windows-phon...
Re: Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
#29Can someone explain why Elop did a bad job? No one was buying Nokia phones anymore... they are now.
It's more like the other way around. I used to know lots of people with Nokia phones, both feature phones and smartphones. Now there are only iPhones and Androids, I don't think I've seen a phone with Windows except in a store. Besides, Nokia had great reputation as a quality brand. Some of their phones were unbreakable. They've lost their reputation since their deal with MS.
I'd like to see them continue on the path that the Lumia 1020 set - premium camera smartphone. I think there's a good niche for them there that is very hard for Apple to get into due to asthetics (a Lumia can have a bump on the back for a large fast lens that would be very unusual for an iPhone).
Re: Nokita: A Plan to Raise Billions and buy out Nokia before Microsoft
#30Doesn't finland also now have an enormously successful 'little' slice of the games industry?