Nokia Shareholders Fight Back
MohammedSameer writes "A group of nine young Nokia shareholders are fighting back. They posted an open letter for Nokia shareholders and investors asking to be elected in order to bring sanity back. They are also planning to challenge the company's strategy and partnership with Microsoft."
Sell NOK
Buy GOOG
Just to join int, try to stop the company that made the best, most reliable phones for the longest time from being sold down the river by an MS plant.
http://nokiaplanc.com/
I think the big guys have enough chips to keep this plan going. No matter what the plans merits are.
Eventually somebody putting their money where their mouth is...
I guess that a huge drop in the share value might mean that this plan B might get some actual backing from the majority of shareholders. The share has dropped around 20% since the Microsoft announcement.
lol, I hope they're better in running a company then in choosing a webhost for an expected high traffic website...
Why is this even being posted, it's 9 people who let me guess own 0.0000000% of the company? Next up 9 apple share holders want Steve Jobs to stop wearing turtlenecks.
Everyone that disagrees with me is a paid shill
Frankly, does this even have a chance of materializing? With Nokia's board of directors fully supporting the CEO, the only people who can affect the deal are Nokia's employees and unless they pull a major revolt, the deal will be on.
Apache 1.3.33? Really? And you guys want to be taken seriously as "moving forward."
Somebody should write an article about me fighting off the world's corruption. And make sure you write it in a tone that makes me sound like i'm likely to succeed.
Service Temporarily Unavailable The server is temporarily unable to service your request due to maintenance downtime or capacity problems. Please try again later. Apache/1.3.33 Server at nokiaplanb.com Port 80
http://nokiaplana.com/
http://nokiaplanx.com/
http://nokiaplane.com/
http://nokiapland.com/
For all other nokia investors, take a look at how Novell is doing since http://en.wikipedia.org/wiki/Novell#Agreement_with_Microsoft on Nov 2, 2006.
http://www.google.com/finance?q=Novell
So are Intel going to be pleased when MeeGo goes in-house -only- in Nokia? And will the Open Source project that is MeeGo enjoy being cut off from the development process? And what of the Linux Foundation, who host and support the MeeGo project? If they went ahead with this, many of Nokia's current friends would have nothing more to do with them.
"Is the Chief Priest an Offlian? Do dragons explode in the wood?"
http://nokiaplans.com/
"MeeGo smartphones and tablet devices will offer overwhelmingly superior experiences and applications than iOS and Android based competitor products."
Clearly they have a firm grip on reality. I'm not saying that MeeGo won't be a decent platform, but claiming that it will ovfer an "overwhelmingly superior experience" to the other market leaders who have multi-year head starts is silly.
Really how much stock do they control? Why do they think they can "fix" Nokia?
Nokia is in trouble and is loosing market share. They are just about absent in the US and while the US isn't the whole world it is a very big and very rich market.
Add in that Nokia just can not seem to come up with a plan. Symbian? It was/is a good OS but the UI has really lagged. MeeGo? Well where is it? Maybe it will really rock but they have not shipped a phone with it yet have they?
Nokia needs a really good phone with a really good OS and they need to ship it to the world including the US even if that means going CDMA. They need to have a hero device and it needs to be available from a US carrier and it needs to cost between $200 and $300 in the US to get traction here.
They also need good lower cost devices that can be down at the $100 to free range in the US. I am in the US so that is the market I know the best.
WP7 is so not on the radar in the US right now. It is really lagging in uptake and I do not see that changing. Then you have the fact that with WP7 Nokia will have the same OS and look and feel as phones from HTC, LG, and Samsung. Also the Nokia developer community will be forced to become part of the Microsoft Developers community. Nokia will become nothing but a shadow of it's self.
Yea I think this is a disaster but I am not sure Nokia can be saved from it's self. They really seemed to have just flat out abandoned the US market and then lost any sense of direction.
And yes you can say all that you want about how the US isn't the world but take a hard look. All of Nokia's competitors in the smartphone space come from North America and most of them from the US. Android, WebOS, IOS, and WP7 are all from the US. RIM is from Canada.
It is a mess but I doubt that going back to the same old same old will fix anything. Plus we do not know what deals have already been made. It may be impossible to undo.
See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
I wish it you success
Dear /.,
We get it, you hate us. What else is new?
- MSFT
It's amazing how much hate MS gets just for being Microsoft. Here are some good reasons for going with it.
- Current Nokia plan isn't working.
- Going android means just another android phone.
- I can see MS Corporation shops going with WP7 over other offerings - integration, development tools, encryption.
- IPhone is trendy and Apple is Steve Jobs. Trends come and go and Jobs will not be there forever to guide Apple.
- In the end if it sucks Nokia will just switch back to the old plan. It's all about profits and from what I heard Microsoft is going to be paying Nokia to do this.
So why not.
Aggressively recruit young software talent from top universities. Nokia Recruiting to actively visit top universities worldwide to screen and and invite top students for interviews in Nokia R&D locations. Establish a credible and rewarding technical career progression path in Nokia (to avoid the best talent leaving the company or becoming management overhead). Offer internationally competitive salaries to new talent (if necessary, significantly above local market salaries). Establish Nokia as a company where the best and the brightest want to work.
Yeah, keep dreaming kid. I tried to get a job at Google, Microsoft, and other big companies right out of the gate and that did not happen. Do you honestly think it will happen, ever? I wish the world worked that way, but it doesn't. As a big company, do you think they would rather hire some kid right out of the gate that has no experience in cell phone programming/Symbian, or a person that has been doing it for 5 years? Be realistic with some of this.
This sounds like some college kids making a letter to say that they would want to do a takeover of the company (TFA
If you elect us to a majority in the Nokia Board of Directors we will take the following concrete actions:
).
/. that will either get laughed at or never see the light of day at anybody who has weight in Nokia.
I came to the college kids conclusion from the fact that anybody in the industry would not say that they would pull in college kids right out of the gate without experience. That is a huge risk.
Seriously, what they want to do is take-over, fire everybody, stop all out sourcing, and bring in college kids. That sentence summarizes the article quite nicely. Unless they had some weight as share-holders, this is just something posted on
The world is how you make it
And they would have got away with it if it weren't for those 9 pesky kids.
Exactly how old do you think the iPad is? Or for that matter iOS and for that matter Linux is including Linux on mobile devices?
Simple proof? Which has the most mature and capable media player for FREE? Meego (VLC Mplayer), iOS or Android?
Thanks for playing: "The world existed before I was born", you loose.
By your logic, Apple is silly to go with iOS against market leader symbian with multi-year head start. Or android for that matter. Hell ANYONE whoever dared to enter a market. Bit silly of you don't you think?
MMO Quests are like orgasms:
You may solo them, I prefer them in a group.
As I was saying in another topic earlier today, port Dalvik to MeeGo and you have access to all the Android apps at once!
Violence is the last refuge of the incompetent. Polar Scope Align for iOS
... how posting a Facebook page is "fighting back?"
"All great wisdom is contained in .signature files"
That's exactly what I would do. Microsoft would pay me off to go away, I would have the money, and get out of my Nokia stock before it tanks. Well played!
Their plan is idiotic. You may not like what Elop has proposed, but suggesting that Nokia just go stick their heads in the stand and work only out of Finland is idiotic. The Finnish culture at Nokia is largely what caused their downfall in the first place. The arrogance is unbelievable.
- Vincit qui patitur.
Nokia ignored America
"All of Nokia's competitors in the smartphone space come from North America"
Indeed, so that makes HTC, LG and Samsung you mention yourself North American companies?
I think their owners will be very suprised. So that is how Taiwan (HTC) is going for independence from China, they are going to be the 51st state, oh wait that is canada. So that is how WW3 is going to start. Good to know.
The rest of your post isn't much better.
The iPhone cost way more then 200-300 AND didn't come with CDMA at the start. Nokia also got plenty of cheap phones and that is in fact an area they do very well in being the top seller in poorer areas.
The N900 shipped with Maemo which is half the origin of Meego. So yes they shipped a phone and it sold very well indeed spending a lot of time being sold out.
The real problem Nokia faces is the "we need to drop everything for the next quarter". So they missed the boat on the current generation. So what? Does that mean you drop all your long term plans for an escape plan of dubious value? No, you though it out and focus on being the leader of the next generation. Mobile phones still have a long way to go and can be greatly improved.
One obvious example where Meego might be far superior then iPhone and Android? No market/App store. My god those things are hideous. Just trying to find a tool is bad enough, then most cost money as well. Now imagine something like Linux Mint installed on your mobile phone. EVERYTHING just works from the start with everything included. No need to hunt down media player for 3 bucks a piece that will play your content, VLC and Mplayer included and ready to go with years of experience.
Same with all the other tools. Freely available, long out of beta, tried and tested.
Nokia Meego, the phone for people who don't want to mess about with shady app sellers. Try the N900. Anyone who has KNOWS why it was such a good idea. It blows everything else out of the water.
MMO Quests are like orgasms:
You may solo them, I prefer them in a group.
The same sanity that had them spending more on R&D than any other smartphone company in the world to make the worst smartphone OS in the world, that sanity? Maybe the sanity where they were developing yet another open source, linux based OS themselves instead of going for the one that doesn't cost them anything. Or... you know I'm having a hard to time finding what part of their previous business strategy was "sane"
Ever since I had the immense displeasure of getting to know your tactics in the mid 80ies it is clear to me that you are doing the same thing over and over again. Bad behavior: Pissing off engineers. This is not a good thing... never ever. 9 shareholders may not seem like much but if the majority of the engineers that are heavily invested would follow suite there will actually be a change for the better.
Balmer et.al... I personally do not want your Windows or any other Microsoft offering on any of my phones... any mobile platform... PERIOD.
Seriously, sad as it may be, nobody's interested in Symbian. Look at the job market. Plenty of people want iPhone and Android developers, but few want Symbian. And while it is a hugely successful OS, it's losing market share rapidly.
So what's the solution? Nokia decided to team up with Microsoft. This at least means that they have an OS that could be relevant. There's the strong brand name that will at least interest some developers to port their apps to WP7. And Microsoft are pretty friendly to developers. It will be possible to develop using visual studio and Microsoft will make sure there's as much overlap as possible with their desktop targeted SDK.
Ever since I had the immense displeasure of getting to know your tactics in the mid 80ies it is clear to me that you are doing the same thing over and over again.
Sour grapes? The most vocal critics of MS were other companies that couldn't compete. Get beaten in the business World? Cry "MONOPOLY" or "DUMPING" and get the Government involved. Revisionist? Please. No one was ever really hurt by MS. No one. The companies who cried foul couldn't compete - they wanted to protect their ultra high margins and backwards technology. You Slashdotters just jumped on board because ... I don't know why. Get a life!
Bad behavior: Pissing off engineers. This is not a good thing... never ever
Or what? What exactly? Quit? Pffft. There are millions more to replace them. They need to get over themselves.
9 shareholders may not seem like much but if the majority of the engineers that are heavily invested would follow suite there will actually be a change for the better.
Now you're babbling.
Balmer et.al... I personally do not want your Windows or any other Microsoft offering on any of my phones... any mobile platform... PERIOD
Grow up.
that they have a bad hand, and that they're playing a desperate game for the life of the company. Yes, they could do a bunch of other things...and none of them would be great for them. At this point, they do not have a winning hand. There is no winning move for them. The choice he made is a pragmatic one, to stay in the game. It doesn't mean it has to be their 50 year strategy, but it keeps them in the game for the next 3-5 years at least and that's crucial. They screwed up, and it's not the recent decision that was the big mistake. They missed the boat...arguing about why doesn't really change the basic fact that they missed the boat...and they are left in a precarious position. No, the MS way isn't going to get them to #1, or #2. But they can be #3. They can't run iOS...so they're cut off from apps on that platform. They can't be RIM...so they're cut off from that. They could do Android, and probably do it well...but he's right, that they would be subject to severe price pressure and that it would be brutally competitive, low margin. It would gut the company. Any of the other options, save MS, would consign them to the Nokia ghetto, with few apps, no significant community. Going with MS at this point is the only option which helps them to keep profit margins more than razor thin and also gets them access to a larger community, as well as a built in market, that they otherwise wouldn't have. IN THE MEANTIME...if they don't bust their butts on R&D and get out ahead of the next game changer, they will eventually fade away, but at least this buys them time to do that.
Sometimes, the best move is just staying in the game, and they've done that. Yeah, I know, there's lots of risk, and lots of people would want anything but to be wedded to Microsoft, but...sorry guys, too little too late.
I just bought one share of Nokia.
They don't even say who they are and how much shares they own. This doesn't seem like it is goingt to end in a proxy fight.
I have used WinMo OS'es. Last one was on my Qtek S100 (HTC Wizard?), and it SUCKED BALLS.
Even the apps that Microsoft themselves offered for download on their website crashed and/or did not RUN AT ALL. And yes, those apps were ment for the very version of WinMo they got installed on. No dice, however.
The phone before that one was even worse. That one crashed daily and it was easy to replicate: call nine people in a day. Then try to dial another one: CRASH.
As long as I live, I'll never, EVER, use another WinMo phone. Not even when I get it for free. Not even with ponies and rainbows.
See also: http://www.nokiaplanc.com/ , http://www.nokiapland.com/ , etc (listed at http://www.nokiaplans.com/ ).
I have a ZTE Blade (Orange San Francisco). Cost me CHF 100, which is around 100 $.
See here:
http://www.ok-mobile.ch/de/mobile/index.php?id=smartphone
of the shareholders ? Cos the current strategy sounds like raving lunacy to me and lots of shareholders seem to agree .
Apple is usually 5 yrs or more late to most of their popular solutions.
iPad - SONY eReader (2004)
iPhone - RIM 950 (1998-ish)
App-Store - RPM packages (1995-ish)
OS-X - BSD UNIX (1980-ish)
iTunes appears to be an Apple invention, but it is still the 2nd largest virus ever written IMHO, behind MS-Outlook.
I say that Nokia should join Android and make it better, most stable and available on cheap phones. BTW, I own and use an Nokia N800 almost every day.
Shareholders revolt? Either the share price drops, ripe for a MS hostile take over, or elop gets kicked out, chaos ensues for 1-2 years and they eventually team up with MS, HP or Android down the road (look at Disney--except the media industry moves slow on their product compared to tech where 1 yr is life or death.
Employee revolt? Good luck. It's Nokia, not a gov't.
9-young shareholders? Sounds like too much time in the coffee shop over there (those shops), especially if a 2-3 of billionaire shareholders tells the rest of investors that the MS deal was good.
Seriously, how much does one understand of OS and Ecosystems.. 1% of what Nokia does.. stop make a big deal and go grab your coffee.. seriously cry witches
Let's face the facts -- Nokia is in a race to the bottom of the smartphone market. You can say what you will, but Nokia's reign came from building sturdy handsets that took a beating in any part of the world. Go to the Asian markets and you'll find a genuine love for Nokia, the brand.
In recent years however, it became more cost effective to buy chinese dumbphones that you can buy 20 of for the price of one Nokia. Nokia's reign starts to erode in name only. Symbian was the first real smartphone OS, but with a lack of apps almost throughout its life, and a lack of big developer ecosystem, it's been stagnant. Meego seems to be a suitable replacement, but how are you going to convince people to produce MORE apps for yet ANOTHER ecosystem?
We're geeks folks -- we care about the Androids of the world, and we care about open source. Consumers however, don't give a flying fuck. They want a phone that works, is reliable (Nokia's speciality), and if it's a smartphone, has a good selection of apps. Despite what people want to say, Microsoft's WP7 ecosystem is growing *fast*. Faster than Android did in its infancy, and they aren't tied to the same problems that Android has with fragmentation. It's a one-size-fits-all UI, and that surprisingly, fits with Nokia's brand as it is. Symbian is largely the same from phone to phone.
This is not "fighting back". This is geeks getting mad about Symbian and Meego getting the boot. Nine shareholders -- I'm sure that the Nokia CEO is shaking in his boots. It's ridiculous that things like this even get traction on Slashdot. Nokia's CEO is making a business decision, and given that a LOT of his compensation comes from the company actually doing WELL, it's a move that he feels is going to give Nokia an edge. Will it work? I don't know, but the variables are in place and are good -- growing developer ecosystem, LEGAL PROTECTION (that Android does *not* afford you -- think about how that weighs in on the cost/benefit analysis), and a lot of weight from MS to push the phone. People forget that since Nokia can now write off advertising, UI/OS development, legal costs... they can cut a lot of fat out of their budget and just return to what the people in the Asian markets loved about them -- making badass, durable, ergonomical phones.
And if they fail that, they will still wind up in the same place they were headed BEFORE the MS agreement -- bankruptcy.
The price is always right if someone else is paying.
Did you read the message you're responding to? It said: "You could at least look up Q4 2010 numbers before starting to spew bullshit." In response, you provided a link to data from Q1, which by now is obviously extremely outdated since Android grew by something like 700% last year.
On top of that, the link you provided doesn't even support your claim that "Nokia is way, way ahead", not even for Q1. The article says that Nokia sold 35% of all units, but the chart is broken down by vendor (like Samsung, etc), not by OS, so it doesn't say if Nokia outsells all Android phones or not.
Ahem...
they would still have to create their own store and encourage developers to port.
Read some reviews outside Slashdot, users really like it.
I've had nothing but Nokia smartphones (6260, 6630, 6680, N70, N82, N810, N97) until recently when I got an HTC Glacier/MyTouch 4G. Nokia just isn't getting it done anymore and this is coming from a guy who, against all reason kept buying Nokia even when it was obvious they'd fallen behind.
Here's the situation as I see it: on one hand Symbian is dead and MeeGo/Maemo aren't far enough along to compete with Android and iOS. On the other hand, Microsoft needs an established phone manufacturer to push WP7 onto the market. This move is best for both companies at the moment. Their only realistic choice was which large corporation to throw their lot in with and Microsoft probably offered a better deal.
Oh and when I read about the "young shareholders" who are anti-Microsoft I automatically thought "Linux geek college students with little to no experience." I mean who else hates Microsoft and has no clue what it takes to get things done in the real world.
"Those" shops are in the Netherlands not Finland.
Everyone who has gone into bed with Microsoft, has come across with - well, a micro soft.
do you use the sip functionality exclusively for outgoing calls?
I have a E52 which I bought primarily for the sip client, but I've found that it's worthless for incoming calls, since it will get disconnected at irregular intervals and thus not available for incoming calls. I have been unable to find workarounds, even a scheduled reboot would help but seems require a signing certificate on my part.
Can it be that the earlier sip implementations worked better? (keeping an eye open for a cheap E71)
Then our experiences match, we just wanted different things. I wanted to use the incoming sip for being available where I have WiFi but no cell coverage (my flat). For outgoing calls I have europe wide free minutes. Oh well, I ended up using a X-link bttn to solve the problem at home. Other places I need to remember checking the sip status.
btw. The N900 sip implementation seems more reliable.