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Nokia CEO dismisses buyout rumours
FINNISH PHONE COMPANY Nokia's CEO Stephen Elop confirmed that the firm "is not for sale" at today's Open Mobile Summit in London.
Elop was questioned about the buyout rumours after his speech today and said quite firmly that "Nokia is not for sale". Chairman of the Summit Ben Woods probed Elop about recent coverage in the media claiming that rival companies such as Samsung might buy Nokia.
Elop's response was that the "rumours are all baseless" and reaffirmed that Nokia's aim is to push on with the rather large task of battling Apple and Google with a "globally mobile ecosystem".
This is just following a fall in Nokia's share price after it cut device shipment targets. We're wondering is Elop has heard the news that Nokia's CTO, Richard Green, has taken a leave of absence to "attend to a personal matter" with no planned return date.
The Q&A session also revealed that Nokia's first handset to feature WP7 will include Nokia content such as services and software on top of the standard Mango release.
Although his keynote wasn't intended to make such an announcement. questioning brought up the subject due to the focus on software ecosystems and Nokia's choice to go with WP7.
While Elop gave no specifics of what kind of Nokia content we will see, the firm's navigation, mapping and location services were mentioned.
There was some explanation as to why Nokia chose WP7 over Android, too. Elop said, "We needed to make sure that Nokia differentiated," and so it dismissed Android due to its fragmentation.
Elop believes that it is a three horse race between Apple's IOS, Google's Android and Microsoft's WP7. When it was put to him that WP7 is a long way behind its rivals, Elop responded by saying that "the market positions can change quickly" and "Android's growth doesn't mean Nokia is too far behind."
He claimed that the "five pillars to success" are to delight consumers, complete the mobile ecosystem, support operators, broaden the ecosystem and build the developer community. µ
Tags: Software
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5 pilar of success:
1. Delight customer. I have C6-00 that often "HANGS" in the middle of conversation. It locks-up the screens if i don't remove the battery every 3 days. And the people in NCC (Nokia Customer Care) said it because i put too much symbian program, while i show him i only got a legit apps of Total-Recall on my phone. And the symbian version stuck at versin in 2010 version.
The other, "simple" phone (not smart but 3G), couldn't lock to 3G signal reliably, and it would also drop call whenever it like. And know after just 6 months, it DIES. The phone now in NCC. It's not caused by Battery OR Charger (I know electronics, and I have checked this).
2. Build Developer community.
You ALREADY have Symbian developer. Now, you want to move to mobile-OS that NOBODY wants? How smart is that, eh???
3. Complete ecosystem.
You couldn't make a decent apps-store (OVI). What do you think you want to do with WP7-eco???
4. Differentiation.
What "dfference" between your WP7 than says... HTC? Really.. what difference that you want to make NOKIA???
5. Complete ecosystem. What the hell is that?
- Lower-End. Can you compete with QWERTY phones from China? With dual-SIM, Analog/Digital TV, Radio, MP3, Bluetooth, some even have WiFi, at 30~60 US$ price-point?
- Middle End. What's your difference with say.. LG/Samsung/Huawei/ZTE that offer more feature than you? You said you have "smartphone" at that class? Yeah! But it runs Symbians! Which pretty much "DEAD ON ARRIVAL"!
- High End? What difference your product compared to HTC/Samsung/LG that runs WP7? How about compared to Androids & (dare i say) iOS even Blackberry?? Do you have internal server like the other has at the operators ends?? NOT!!! So... what justifies your high price points???
Idiots!!!
What? That's nonsense. Apple achieved dominance by providing the coolest gadget on the market! The iPhone. They haven't broadened the market with cheaper versions. They are focused on one thing. Making the consumer happy!
The iPhone has set the standard. Everyone is struggling to be the next iPhone and that is the problem. Focus on what makes your product worthy and enhance it.
How many models of iPhone does Apple sell? EXACTLY.
How mnay models of iPad does Apple sell?
Starting to get the picture.
Make it desirable.
Apple built the better mousetrap.
LIKE ANYONE, I HATE TO STATE THE OBVIOUS THAT YES NOKIA WAS SOLD ON THE OPEN (STOCK) MARKET AND IS OWNED BY A DIVERSE GROUP OF SHARE HOLDERS THAT BUY & SELL THOSE SHARES ON A DAILY BASIS.
SO TO SAY ITS NOT FOR SALE IS JUST A BUNCH OF CEO HOOEY, THE SAME KIND OF CRAP THAT ILK USUALLY EMITS. I WOULD GUESS THAT THE SCUTTLE PLANS ARE ALREADY AFOOT AND WELL ADVANCED.
THAT'S WHAT I HATE ABOUT THE EXECUTIVE MANAGEMENT, YOU EXPECT THEM TO BE LEECHES STEALING AS MUCH AS THEY CAN FROM THE SHAREHOLDERS, IF NOT THE WHOLE THING OR AT LEAST MOST OF THE CASH FLOW.
MAYBE WE CAN COMPUTERIZE THE EXECUTIVE CLASS. WE NEED AN APP FOR THAT.
I guess when Elop was talking about the burning platform, he didn't really know how right he was. Nokia itself is turning out to be a burning platform. And now, its employees are, one by one, jumping into the icy waters.