Did Nokia's board hold an unscheduled meeting this week?

This past week has been an interesting one if you follow speculation surrounding Nokia. One report hinted strongly that China-based Huawei might buy the Finnish company, and yet another rumor claimed that Microsoft was in recent talks to acquire Nokia as well.

Now there's a report from Finland-based national broadcaster YLE which states that Nokia's board of directors met earlier this week. The TLE story states that the board met to discuss "key decisions on the future of the company." Those plans are rumored to be made official with, or perhaps before, Nokia's interim financial reports, which are scheduled to be released on July 18th.

WPCentral.com also notes that Microsoft's current Windows Phone leader Joe Belfiore posted on Twitter this week that while he is on vacation, he is nonetheless visiting Nokia this week. In a follow-up post, he mentions that he won't even be attending the BUILD 2013 conference next week, saying that he is "stuck" in Europe.

It does seem odd that the head of the Windows Phone division won't be at Microsoft's annual developer conference next week. WPCentral.com speculates that Belfiore might be meeting with Nokia's board to assist them in making any major changes. The question is what exactly those changes might be.

Source: YLE via WPCentral.com | Image via Nokia

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23 Comments

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This is bad news, I was really psyched up for the Windows Phone Nokia agreement but after all this while I don't really think it's going to take off. It's about time Nokia does something different, I love windows phone and I will buy any Nokia windows phone but most smartphone buyers don'e feel like this. I hope Nokia broadens it's horizon, just a make a damn android phone. You're appeal to a broader audience and put Microsoft on toes.

kinpin said,
This is bad news, I was really psyched up for the Windows Phone Nokia agreement but after all this while I don't really think it's going to take off. It's about time Nokia does something different, I love windows phone and I will buy any Nokia windows phone but most smartphone buyers don'e feel like this. I hope Nokia broadens it's horizon, just a make a damn android phone. You're appeal to a broader audience and put Microsoft on toes.

They can't do that without paying a financial penalty to MS and neither can MS do that. I'm assuming this penalty will be above $2BN+ easily since every quarter MS is paying $250 Million to Nokia till 2016.

Hey MS! All that royalty that you are collecting from various Android vendors? Now is the time use that money and strengthen yourself.

kinpin said,
This is bad news, I was really psyched up for the Windows Phone Nokia agreement but after all this while I don't really think it's going to take off. It's about time Nokia does something different, I love windows phone and I will buy any Nokia windows phone but most smartphone buyers don'e feel like this. I hope Nokia broadens it's horizon, just a make a damn android phone. You're appeal to a broader audience and put Microsoft on toes.

"Broadens it's horizons" - By throwing money away?

Dot Matrix said,

"Broadens it's horizons" - By throwing money away?

Nokia makes WP devices that sell, what make you think that could not sell Android ones? In the real World, not here, average people buy Lumia devices because are Nokia ones not because are WP devices made by Nokia.

Unscheduled usually means bad news. This could actually mean third parties are offering to buy Nokia and take them out of the Windows Phone game. As for Belfiore, he could actually be just there to strengthen Microsoft's ties with the operational side of Nokia. Having no idea that the executives are thinking about.

We'll have to wait and see but I don't think they would have an unscheduled meeting if Microsoft was preparing to buy them. They've been partners for a while now so they could take that up in their regular meetings. Not to mention Ballmer would be present for that, not Belfiore.

Or Siemens could have found a party interested to buy their share of NSN an the board would have to get together on that to discuss. I doubt we'll know anything for another month.

paulheu said,
Or Siemens could have found a party interested to buy their share of NSN an the board would have to get together on that to discuss. I doubt we'll know anything for another month.

I am sure that Nokia would like to buy Siemens share, especially now that the venture is back and profitable, but they do not have the funds to do it.
It will be interesting to see how the entire "affair" will develop....

YLE news station states that Nokia's board of directors did meet earlier this week.

News Corp. doesn't own them, so one should be able to trust a news station to actually bring you news, as in something that did actually happen or will 100% happen.

And yeah, I don't count any news (including Wall Street Journal now) from News Corp. as anything but rumors, which is something that news media absolutely shouldn't be

Hmmm, interesting times ahead.... I'm a strong advocate of Windows Phone 8, and of Nokia. I really hope whatever happens doesn't harm the progress the platform has been making recently.

Dot Matrix said,
Whatever is going on, just keep Huawei out of it.

Why? It does not seem to me that Lenovo destroyed the ThinkPad laptops...... actually I am as pleased as always with them.

nokia purchased by Microsoft, will continue to operate as a separate division, all operations will continue normally, Stephen Elop will report to Ballmer.

vcfan said,
nokia purchased by Microsoft, will continue to operate as a separate division, all operations will continue normally, Stephen Elop will report to Ballmer.

It is not so simple: the "Division" alone would have more employees than what MS has right now.

Fritzly said,

It is not so simple: the "Division" alone would have more employees than what MS has right now.

Really ? For a company that's only worth about 12 billion that seems like an awfull lot of employees, that alone is reason enough to pass..

There seems to be a conflict between your version and WPCentral's. They seem to say that the board has been summoned for a meeting Wednesday/Thursday week while you state they met this week. Which is it?

"Now, Finnish national broadcaster, YLE, is reporting that Nokia's Board of Directors have been summoned to Finland for a meeting on Wednesday and some were even on standby for a carryover meeting on Thursday."

Actually the translation of the article seems to say it was this Wednesday/Thursday.

But it's Google translate so can't say for sure.

dvb2000 said,
Nokia dumps WMP8 due to poor sales, and switches to Android

Buys back HQ in Finland with the money saved in licensing fees

Except that then they'd have to start paying patent licenses...so no they wouldn't.