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.
I think the big guys have enough chips to keep this plan going. No matter what the plans merits are.
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.
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
Index: http://nokiaplans.com/
Am I eval()? - http://www.monst3r.com.br
Dear /.,
We get it, you hate us. What else is new?
- MSFT
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
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.
amazing how much hate MS gets just for being Microsoft
It's a reputation they have earned over the decades.
You reap what you sow.
... how posting a Facebook page is "fighting back?"
"All great wisdom is contained in .signature files"
"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.
http://nokiaplans.com/
Nokia Plans
Nokia Plan A
Nokia Plan B
Nokia Plan C
Nokia Plan D
Nokia Plan E
Nokia Plan F (SFW)
Nokia Plan F (NSFW)
Nokia Plan G
Nokia Plan H
Nokia Plan K
Nokia Plan M
Nokia Plan O
Nokia Plan P
Nokia Plan Q
Nokia Plan S
Nokia Plan T
Nokia Plan X
Nokia Plan Y
Nokia Plan Z
Nokia Plan 0
Nokia Plan 5
Nokia Plan 9
these guys have done it already: :(
http://www.myriadgroup.com/Media-Centre/News/Myriad-Announces-Alien%20Dalvik-Enables-Android-Apps-to-Run-on-Non-Android-Phones.aspx
the picture shows an n900, the press release used to say something about maemo or meego but they changed it now that Nokia is trying to run away from their own platform.
Only problem is this company will want a lot of money for their product, people that tried emailing them to purchase it were told it's up to the operators and manufacturers to come to an arrangement, they won't sell directly to end users
I don't agree at all. I worked for Nokia for 10 years and worked with many Finns. I think the groups point is not "Finland is so great" but rather Nokia's distributed R&D efforts are horribly inefficient. Having experienced it from the inside, I can see their point. And they do have a very large talented asset base in Finland, so it makes sense to keep that as a focal point. That said, they have absolutely no hope of getting "top talent" to go work in Finland.
Two of their points address this:
- End of distributed R&D
- End of R&D outsourcing
I wouldn't call that "idiotic", I'd call that looking out for the long-term interests of the company. It's easy to point to the short-term monetary gains to be had from outsourcing or eliminating internal R&D, but for some reason the crashing failures of this approach (Carly Fiorina at HP, Boeing and the 787, etc etc) never seem to register with people.
Literalism isn't a form of humor, it's you being irritating.
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.
See also: http://www.nokiaplanc.com/ , http://www.nokiapland.com/ , etc (listed at http://www.nokiaplans.com/ ).
Why can't Nokia have say 500 people working on MeeGo in say MeeGo unit?
It can, and it does.
Why can't Nokia have a MeeGo line of phones? One release every year, support 2-3 generations at a time. See where the platform goes. It has been in the making since Nokia 770. FFS give it a chance in main stream. Keep the open source community that you've collected happy!
That's pretty much the plan as far as I can tell (which is, the end of this year :-)).
My exception safety is -fno-exceptions.