All Posts Tagged With: "ceo"
Is Nokia Going to be Late in the Game Again?
September. That’s when the next iPhone is rumored to come out. It’s also when industry sources claim HTC, Samsung and LG will launch the first Mango-based Windows smartphones. Nokia CEO Stephen Elop wants to release the first Nokia Windows Phone this year. Long-time Nokia fans probably assume December 31st, 2011 because Nokia has been really slow to act lately.
Nokia’s Debt Rating is Almost Junk
Moody’s Investors Service, one of the big three credit rating agencies, lowered Nokia’s debt rating to two steps above junk. The debt rating was reduced by two steps to Baa2, the second-lowest among 10 investment-grade rankings. Nokia quickly responded that Moody’s rating will not have a major impact on their current financing costs.
First Nokia Windows Phone Still on Track for 2011
Nokia CEO Stephen Elop has been telling everyone that the first Nokia device with Windows Phone is targeted for fourth quarter of 2011. The Holidays 2011 would be a key goal, he said in the D9 interview. This morning, the @Nokia account tweeted something that got us worried. They said shipment starts early next year! We reached out to Nokia for clarification. Read on, for the current official word on the release date.
Apple Pays Up in Patent License Agreement With Nokia
This is probably the first positive Nokia news I’ve seen in a while. Nokia just announced that Apple will be giving a one-time payment and on-going royalties due to a recently signed patent license agreement. The specific terms of the contract are confidential, but intellectual property expert, Florian Mueller, says that there’s serious money in this for Nokia.
Jan 4th, The Day Stephen Elop Realized MeeGo Was Not Enough
Bloomberg has a nice lengthy article on Nokia CEO Stephen Elop’s Nokia Adventure that I suggest you go read right right now. One part I’d like to point out is when Nokia decided to put MeeGo in the backseat in favor of Windows Phone. It was when they realized MeeGo would not be able to keep Nokia in the game.
Nokia Execs Go On Vacation When iPhones Start Shipping
Here’s an interesting story. An ex-Nokia employee told Bloomberg that for the last four years while Apple shipped a new iPhone, Nokia execs vacationed at their lake cottages in Finland. He said it was hard getting a decision from key persons in mid-July until September.
Nokia’s Symbian Heading Towards Extinction
If you’re still thinking Symbian will linger around, don’t count on it. Nokia CEO Stephen Elop and CFO Timo Ihamuotila shared a slide during this morning’s briefing that paints a very clear picture. Symbian is heading into extinction. Windows Phone is the future for Nokia. Slide after the jump.
Nokia Adopts Windows Phone as Its Primary Smartphone Strategy
“Nokia will adopt Windows Phone as its primary smartphone strategy,” wrote Stephen Elop in an open letter published at Nokia Conversations on Friday. Specific details of the deal are still being worked out. No mention of MeeGo or Symbian in the letter. There’s a quick video announcement of the partnership. Take a look.
Nokia Strategy and Financial Briefing, Feb 11th 10AM GMT
If you’re interested to hear about Nokia’s Strategy and Financial Briefing, there will be a webcast live and on demand at nokia.com/press. It is scheduled for 10AM GMT (5AM EST). CEO Stephen Elop tweeted a couple of weeks ago that Nokia needs to change faster. We’ll hear more about it on the 11th.
UPDATE: Nokia CEO’s Burning Platform Internal Memo
Engadget published an internal memo by Nokia CEO Stephen Elop. They have multiple sources claiming it is indeed real. Things are certainly getting more interesting as we get closer to Capital Markets Day. He has diagnosed the problems. We’ll hear the solutions on February 11th. Full memo after the jump.
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