Nokia Shareholders Fight Back 424
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."
Re:almost tempted to buy some shares (Score:2, Informative)
Tell that to SGI. Or have we forgotten Ricky "I love Gates" Belluzzo?
Re:almost tempted to buy some shares (Score:5, Informative)
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.
Re:almost tempted to buy some shares (Score:4, Informative)
Umm, no. They were in the lead for smartphones for quite a while (decade perhaps) and there's no reason not to be on top again.
Outside the US they're still a well respected brand with a good market. RTFA for a good strategy. The last thing nokia need to become is a handset manufacturer for MS.
The 'old' strategy was aimless development of so many different handsets it was nuts. They need to focus in on a real strategy.
Just another /. post that won't hold weight (Score:4, Informative)
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
Re:If it fails, then they can fall back on plan c (Score:4, Informative)
http://nokiaplans.com/ [nokiaplans.com]
Nokia Plans
Nokia Plan A [nokiaplana.com]
Nokia Plan B [nokiaplanb.com]
Nokia Plan C [nokiaplanc.com]
Nokia Plan D [nokiapland.com]
Nokia Plan E [nokiaplane.com]
Nokia Plan F [nokiaplanf.com] (SFW)
Nokia Plan F [nokiaplanf.com] (NSFW)
Nokia Plan G [nokiaplang.com]
Nokia Plan H [nokiaplanh.com]
Nokia Plan K [nokiaplank.com]
Nokia Plan M [nokiaplanm.com]
Nokia Plan O [nokiaplano.com]
Nokia Plan P [nokiaplanp.com]
Nokia Plan Q [nokiaplanq.com]
Nokia Plan S [nokiaplans.com]
Nokia Plan T [nokiaplant.com]
Nokia Plan X [nokiaplanx.com]
Nokia Plan Y [nokiaplany.com]
Nokia Plan Z [nokiaplanz.com]
Nokia Plan 0 [nokiaplan0.com]
Nokia Plan 5 [nokiaplan5.com]
Nokia Plan 9 [nokiaplan9.com]
Re:wow 9 people!? (Score:5, Informative)
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.
Re:almost tempted to buy some shares (Score:5, Informative)
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.
Re:almost tempted to buy some shares (Score:5, Informative)
Re:almost tempted to buy some shares (Score:1, Informative)
The battle is on for the third tier phone OS. iOS and Android are the top two, everything else is an "also ran". This includes Palm's offering, Meego, Symbian, and WP7
Actually, in the world Symbian is the first smartphone OS by market share (37.6%), Android the second (22.7%), Blackberry the third (16.0%) and iOS the fourth (15.7%). Microsoft is currently a distant fifth with a 4,2% market share, and that includes both Windows Mobile and WP7.
(source) [gartner.com].