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| Authored by: jvillain on Friday, June 15 2012 @ 03:58 PM EDT |
Finnish mobile maker, Nokia (NYSE:NOK) is all set to divest division
of its frightening portfolio of patents to generate much-wanted cash, Timo
Ihamuotila, Chief Financial Officer announced on Thursday
We would sell
patents at the optimal price, Mr. Ihamuotila reported in a conference call after
the firm’s second-quarter profit cautioning and restructuring
declaration.
Mr. Ihamuotila further stated that Nokia, with its huge
patent portfolio, is capable of selling patents while keeping up a heavy
intellectual property rights portfolio.
Nokia’s patent portfolio
comprises of 30,000 patents and almost 10,000 patented innovations. Its research
and development department forms an average of 1,000 patentable innovations
yearly.
In its first-quarter report, Nokia flagged that revenue from its
intellectual property rights portfolio totals around EUR500 million a year at
the current run-rate.
Link
My guess is that MS will keep them afloat by buying their
patents. In the mean time the only news site bullish on Nokia is .... wait for
it .... MSN. MSN Nonsense
Moodys likely cut them to junk bond status for a
reason. But it means certain institutional investors can't touch this at all any
more. Moodys Story
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| Authored by: sysprog on Friday, June 15 2012 @ 04:11 PM EDT |
A couple of sources are saying that the announcement will be of a Winblet
running Windows 8.[ Reply to This | Parent | # ]
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| Authored by: complex_number on Friday, June 15 2012 @ 05:59 PM EDT |
| [www.bbc.co.uk]
Two
of my friends used to work for Nokia in Farnborough, UK. The site closed
recently. They both say that none of them in their teams could see any hope for
the company. The general feeling was that the company was being deliberatly run
into the ground by a totally inept (or exceedingly cunning) management.
Whilst there is no doubt that the company became very bloated the latest
cuts are right to the core. One of my friends now works for Microsoft alongside
three others from his dept. They all think that MS buying Nokia within 6 months
is a done deal.
There is one thing that could derail this and that is if
someone else comes in and spoils the party. I wouldn't put it past the likes of
Apple or Google to make a formal takeover bid before long. Then it will be up to
the shareholders to decide and not Mr Elop who will be safe in the knowledge
that he has a job already lined up back at MS as Mr Balmer's
replacement.
---
Ubuntu & 'apt-get' are not the answer to Life, The
Universe & Everything which is of course, "42" or is it 1.618?
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| Authored by: Chromatix on Friday, June 15 2012 @ 08:37 PM EDT |
| Those of us here in Finland - not working *for* Nokia but crossing paths with
them regularly - knew that the sudden swerve to Windows Phone was an
idiotic
move right from the start. That's even without the conspicuous new
presence of
Elop, Nokia's first CEO *not* from Finland, and fresh from
Microsoft into the
bargain, strongly suggesting that the decision might not
have been entirely
unbiased.
Symbian might not have been a particularly good smartphone
platform when
compared to iOS and Android, but it was excellent for
feature-phones and
Nokia were working on Linux phones that had potential. The
N9 did
eventually reach the market, and sold quite well considering the utter
lack of
marketing. Microsoft meanwhile has consistently, for decades,
demonstrated
precisely zero clue regarding user experience, never mind anything
else.
Since then the share price has gone inexorably downhill. Nokia used
to be a
pretty safe investment, like Apple once Jobs returned to it, but Elop
and
Windows Phone have literally torn it to pieces. In fact I can't think of a
surer
way of destroying the company, short of actually firebombing the
offices.
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| Authored by: Anonymous on Saturday, June 16 2012 @ 09:26 AM EDT |
Nokia made damned good phones at one time. Before they meet Microsoft,
and the Manchurian CEO.
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| Authored by: symbolset on Sunday, June 17 2012 @ 12:02 PM EDT |
As hard as it is to believe, this actually is the plan. The people in charge
are quite happy that it's going this well.[ Reply to This | Parent | # ]
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| Authored by: Anonymous on Sunday, June 17 2012 @ 02:05 PM EDT |
| Burning Platforms Memo Damaged
Nokia: Wiped out $13B revenues,
Destroyed $4B profits in
just 12 months
Ok. That is
what I wanted to get out today. Yes,
Elop admitted his Burning Platforms memo
was so destructive,
it truly did damage Nokia smartphone sales. Elop is such a
spineless coward, he tries to hide behind lies (no, Nokia
Symbian smartphones
were not on a downward trajectory when
he issued his Memo). But here is the
analysis. The first
full four quarters, 12 months, that we can measure Elop's
damage is now finally visible. The evidence is in the above.
He threw into the
garbage 75 million smartphone sales, he
destroyed 13 Billion US dollars of
revenues and caused
losses of 4 Billion dollars to Nokia profits. In reality
the
damage of his Burning Profits Memo was even worse - his
legacy is that
Nokia's smartphone abandons forever 18.5
Billion dollars in revenues and 4.8
Billion dollars of pure
profit. This guy should not be allowed anywhere near
any
corporate office! He is the black hole to profits! And yes,
he took the
best-performing strategy of any legacy handset
maker - I am not saying all was
well at Nokia, other parts
of Nokia were suffering and Nokia had definitely had
problems long before Elop came in, under previous CEO
Kallasvuo especially -
widely reported problems. But Nokia
problems were in its 'execution' but not in
its strategy.
Elop was hired to fix those execution problems, not turn a
profitable company and run it over the cliff. So yes, Nokia
is no Apple,
nobody is. If you compare any company to Apple
the other company looks bad. But
compared to Nokia's true
rivals - Motorola, Samsung, LG, SonyEricsson and other
full
portfolio legacy handset makers - Nokia had the best
strategy, and was
the only one who was on a profitable path
while ahead of the global migration
rate to smartphones.
Before the Burning Platforms memo, in 2010 Nokia
towered
over its rivals like very few companies have ever managed in
a Fortune
500 size scale. Nokia's smartphones sold more than
2x those of the iPhone and
more than 3x as many as Samsung.
Today only 18 months later, Nokia is a third
the size of the
iPhone and one quarter the size of Samsung's smartphones.
Never, ever, in any industry, has a global market leader
collapsed this
comprehensively. This is a world record in
destruction of a market leader.
Understand what that means.
Elop has set a world record in management failure.
He is a
world record holder in the most incompetent CEO that has
ever been.
Not just the worst CEO now, but of all time -
that is what 'world record' means
- and this collapse of
Nokia is BY A WIDE MARGIN the biggest collapse of a
global
Fortune 500 sized company, who was the market leader in its
own
industry. I have been asking my readers to come up with
any example of such
total collapse in 12 months in economic
history - never been done. Never. This
is the worst
management failure of all time! And it was not caused by a
tsunami or earthquake or national revolution or exploding
factory. It was
caused by Stephen Elop. He started the
destruction on a February day in Espoo
when he released his
Burning Platforms memo.
And don't write that Nokia
was in trouble before, ya-ya-ya.
The 'problems' that Kallasvuo the previous CEO
presided over
were peanuts compared to the catastrophy orchestrated by
Elop.
Look at the evidence, mi'lord. Nokia was GROWING on
EVERY measure up to the
last quarter just before the memo.
This suicidal dive started in February with
the Burning
Platforms memo (and obviously, he then added to that error
with
ever more management mistakes chronicled on this and
other
blogs).
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