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- 07-17-2010, 08:42 AM #1Dave U. RandomGuest
Business Insider via SF Chronicle
Nokia shares have lost almost half their value since April, as the
company's shareholders have figured out that Nokia still has no
credible response to Apple's iPhone and Google Android, the
smartphone newcomers that have taken all of the industry's momentum.
Now shareholders want blood, calling for CEO Olli-Pekka Kallasvuo's
departure. This after the company slashed Q2 guidance last month,
warning that it's getting its butt kicked at the high end of the
market -- i.e. smartphones.
The reason Kallasvuo deserves to get fired is that he had an
opportunity to solve his smartphone problem earlier this year by
buying Palm. But he ignored it, and instead an industry newcomer,
HP, wound up acquiring it.
Why might Palm have been a good fit for Nokia?
Continued: http://sn.im/NumbnutsNokia
› See More: Nokia's refulal to buy Palm may do down as one of the dumbest moves in handset history
- 07-18-2010, 06:35 AM #2R. Mark ClaytonGuest
Re: HP's decision to buy Palm may do down as one of the dumbest moves in handset history
"Dave U. Random" <[email protected]> wrote in message
news:[email protected]...
> Business Insider via SF Chronicle
>
> Nokia shares have lost almost half their value since April, as the
> company's shareholders have figured out that Nokia still has no
> credible response to Apple's iPhone and Google Android, the
> smartphone newcomers that have taken all of the industry's momentum.
All the usual Apple hype and pommophiles queuing up to pay way over the odds
for the iPhone 4 and the iPad, but oh dear what's this - a silly design
fault whereby if you hold the iPhone 4 in your [sweaty] left hand it shorts
out the aerial and renders it about as much use as a roof slate. There are
allegations that Apple knew about it, that they bull-****ed that it was a
display problem and they may yet get hit with a full product recall that
will almost certainly more than wipe out any profit so far, not to mention
damage to the brand.
OTOH Nokia have not released too realy. New technology in the N8 is
incremental (the OLED screen being the main new [and thereby risky]
innovation).
>
> Now shareholders want blood, calling for CEO Olli-Pekka Kallasvuo's
> departure. This after the company slashed Q2 guidance last month,
> warning that it's getting its butt kicked at the high end of the
> market -- i.e. smartphones.
>
> The reason Kallasvuo deserves to get fired is that he had an
> opportunity to solve his smartphone problem earlier this year by
> buying Palm. But he ignored it, and instead an industry newcomer,
> HP, wound up acquiring it.
An under-performing, behind the curve, proprietary PDA maker losing money
hand over fist* and that had ceased development in 2008. It is the ****wit
at HP who paid $1.2billion for that who should be fired!
>
> Why might Palm have been a good fit for Nokia?
>
> Continued: http://sn.im/NumbnutsNokia
>
*
Revenue 2009 $736M
Net income 2009 -$732M
results like this usually mean you need a good insolvency practioner!
- 07-18-2010, 02:32 PM #3Junior Member
- Posts
- 9
Re: Nokia's refulal to buy Palm may do down as one of the dumbestmoves in handset history
On 7/17/2010 7:42 AM, Dave U. Random wrote:
> Business Insider via SF Chronicle
>
> Nokia shares have lost almost half their value since April, as the
> company's shareholders have figured out that Nokia still has no
> credible response to Apple's iPhone and Google Android, the
> smartphone newcomers that have taken all of the industry's momentum.
>
> Now shareholders want blood, calling for CEO Olli-Pekka Kallasvuo's
> departure. This after the company slashed Q2 guidance last month,
> warning that it's getting its butt kicked at the high end of the
> market -- i.e. smartphones.
>
> The reason Kallasvuo deserves to get fired is that he had an
> opportunity to solve his smartphone problem earlier this year by
> buying Palm. But he ignored it, and instead an industry newcomer,
> HP, wound up acquiring it.
>
> Why might Palm have been a good fit for Nokia?
>
> Continued: http://sn.im/NumbnutsNokia
>
I think the easiest thing for Nokia to become relevant again would be to
just make another Android phone...
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