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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."
They still outsell ALL Android phones and Apple phones COMBINED. Nokia is the giant in Cellphones. Outside the usa they are still the first choice as Symbian offers features that Android does not or has not until recently. Honestly even my 3 year old 5800 Nokia smartphone has features that are just showing up for Android, and may some day hit Apple.
They are hurting, but it's because of management that is worthless and nearly incompetent, and the company not having any direction.
Do not look at laser with remaining good eye.
Why is this even being posted, it's 9 people who let me guess own 0.0000000% of the company?
Most big companies set the lower limit around 1,000 shares for anyone who wants to bring up any issue for a vote at the company shareholders' meeting. This can be anything from 'I nominate me to the board of directors' to 'presenters should not wear turtlenecks' to 'the company assets should be liquidated and the proceeds given to the homeless'. It then goes to a vote and since institutional investors who own a million shares at a time are there, anything frivolous or absurd gets immediately voted down.
They didn't get enough from Microsoft.
Of course not. Nobody ever does. One thing you can say about every business deal Microsoft has ever done, is that Microsoft came out best from every deal. Pretty much every company that gets into bed with Microsoft gets screwed.
GCHQ Quantum Insert installed. If only our tongues were made of glass, how much more careful we would be when we speak
1) He said 'outside the USA'. 2) He said 'phones' not 'smartphones'. Symbian featurephones outsell ALL smartphones, (including Symbian, Android, and iOS). The featurephone / smartphone distinction is pretty arbitrary from a user perspective - both can run third-party apps, but smartphones must expose a larger set of APIs.
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