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Ballmer buoyant about Nokia buyout but Elop 'feels sad' about deal

Nokia boss says selling changes what the company stands for
Tue Sep 03 2013, 12:01
Stephen Elop looking sad

OUTGOING Microsoft CEO Steve Ballmer has said he is optimistic about the company's acquisition of Nokia, while the Finnish phone firm's CEO Stephen Elop said he "feels sad" about the deal.

Speaking at a press conference on Tuesday, during which Microsoft discussed its £4.6bn acquisition of Nokia's devices unit, Ballmer said that he is "incredibly optimistic" about the buyout.

"Today's announcement is a bold step into the future - for Microsoft it is a signature event in our history - the deal is a win win for employees, shareholders and customers. Through our partnership we've already accomplished so much, and I'm incredibly optimistic about what we can achieve together in the future."

While Ballmer seemed buoyant about the buyout, Elop didn't seem quite so happy, saying the deal makes him "feel sad."

Elop said, "Personally, I myself have to confront how I feel about this next chapter. I share the frustration at being so far behind two large competitors.

"I feel sadness, because we are changing Nokia and what it stands for. For all of us at Nokia today there is ambiguity and concern - because it's so hard to know what the future holds."

Elop isn't all tears this morning though, as he also shared some optimistic thoughts on the buyout, saying Microsoft's acquisition means the firm is now well-placed to become a real threat in the smartphone market.

Elop added, "It continues to be an exciting time for our devices and services business. We have been going faster than Nokia has even gone before.

"Achieving our goal of becoming the third ecosystem is becoming very real - but we have to go even faster, we have to accelerate." µ


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