Nokia shareholders want CEO Elop ousted [Update]

It seems that not everyone is happy with the Nokia and Microsoft deal that the two companies announced last week, especially some of the Nokia shareholders.

According to computing.co.uk, nine Nokia shareholders will use their next annual general meeting to try and oust current CEO and President, Stephen Elop. Not only will the small band of shareholders try to replace the CEO, they also want to see a reversal of the company's deal with Microsoft.

The group has sent out an open letter entitled “Nokia Plan-B”, which outlined what they would like to see happen within the company. Firstly, they want Stephen Elop gone from Nokia, then they want to see a restructuring of the deal with Microsoft that will see them only release a few Windows Phone branded handsets. The 'plan-b' also details that the shareholders want a longer lifespan for Symbian, as it's currently set to vanish within the next year or so, and a primary focus put onto the MeeGo platform.

This isn't the only bad news for the company today though, with the Wall Street Journal reporting that a union, who is due to represent the employees, is set to demand a massive payout of €100,000 for each employee that gets laid off over the next year.

All this bad news comes at a time when Nokia shares have been taking a huge dive, dropping from €8.4 to €6.6 a share, since the Microsoft deal was officially announced last Friday.

Update: The small group of shareholders have already "called it quits." Stating that despite getting lots of support, the response from institutional investors were not encouraging.  Though from reading through the letter it sounds fishy. You can read more on the Plan B site.

Update: 2: As mentioned the Nokia Plan B site and letter seems to have been faked all along according to Seattle PI.

Image Source: The Telegraph

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Are those shareholders crazy? The only chance for Nokia to get back is WP7. Symbian is already dead. why should they extend lifespan of something that is already dead. But meeGo. you know that a cool OS is not something they just create just by spending energy. They should put a lot of money in it. a lot of advertising to become competitive with giants such as android. WP7 already done those with a unique and fun SDK (XAML for applications - XNA for Gaming - WCF ... ) . A few years later it will become a real competitive. and that time those shareholders will regret watching Nokia dying out

This is why shareholders are not the CEO. Just because the stock slipped on the news and they lost a bit money temporarily doesn't mean a decision is bad. The cell 'phone' industry has changed completely. Now 'cellphones' carry a full featured or nearl full feature OS in it. Symbian is not even close to this. Meego is based on Linux, but it is another fragment of Linux, so there will be incompatibility issues and won't run Android apps. Apple iOS is proprietary, so the only solution was either succumb to Android and be just another Android manuracturer and participate on the ongoing fragmentation or differentiate themselves and go with WP7, which has the highest grow rate in marketplace apps and the best bundle of services. Additionally, the next iteration will be Windows 8, which will finally consolidate all form factors and will allow the same Windows to run in all of them, both Intel and ARM. So, an app developed for the phone can be made to run on a tablet, on a PC, on XBOX, etc with no code modification or just minor changes to make it better for the form factor and controllers (touch, mouse, game controller, etc). It would have been a pointless task to bring to the market yet another flavor of a linux based smartphone OS such as Meego and start pushing for developers and all that. Instead, let MS push for developers and do what they know best: making full featured operating systems, while Nokia can concentrate in customizing the user experience and making great hardware. Additionally the deal will protect Nokia from patent figths against Apple. I bet the shareholders would not be happy to see their money spent of this.

Elop is not a suitable CEO for Nokia since he's too close with Microsoft. Even Microkia becomes a reality and Nokia becomes a pawn yet better they find a more independent CEO quickly.

It's a shame that they didn't consider the palm for webos instead of pursuing WP now...

nokiaplanb.com

After reviewing the feedback we've received from investors on our Plan B, we have decided not to carry on with it.
In the last 36 hours we were contacted by hundreds of individual shareholders (owning anywhere from 10 to 400,000 Nokia shares) pledging to support us by proxy voting or by personally attending the AGM.
Nevertheless, the responses that we received from institutional investors were not encouraging. These institutions have a fiduciary responsibility to their customers and are legally bared from supporting radical initiatives like seating a bunch of kids on the board of directors. If they do not agree with Nokia's plans, they are better off simply divesting and putting their money in other companies that better fit their investing strategy (which is exactly what they have been doing).
We also realized that by the time our Plan B would kick in, most remaining software talent in Nokia would have already left the company, so it would be really an uphill battle to pick up things from there.
This is it from us. It's up to you what to do with your money. We'll stop short of endorsing NokiaPlanC.com or NokiaPlanX.com even though we think they are both very good ideas.

Yea, that was fast.

As emparatoor said earlier, i think this was about stock price too.

Let's be realistic. This takes MSFT one step closer to having Nokia purchase Opera just to shut 'em down. Opera's been the bane of their existence in Europe for ages...

Ah Symbian, the Desqview of mobile OSes. And all the crybabies want it replaced with MeeGo, the OS/2 of mobile OSes.

Clearly this will all end well.

To all those saying "Well Nokia is just a handset maker" don't seem to realise they don't want to be just another handset maker. Thats why for years they avoided using an off the shelf solution, instead choosing to create their own solutions, services, and ecosystem.

Unfortunately this plan has not given them the success they hoped for, and so they were obviously looking for a solution which gives them a competing platform, but gives them an opportunity to be in the position of helping to form this ecosystem.

Android is not a choice that would allow them the degree of control over the future of the platform they have wanted, in a way that is compatible with their ethos. Microsoft has succeeded some control of their platform to Nokia, and this is what gave them the edge in Nokia's decision!

Hopefully these shareholders will not get their way, and they'll be eating their words when Windows Phone brings them decent market share.

Things could be worse, Elop could have made the mistake of going with Android, the complaints of these 9 shareholders are about Elop killing symbian, they would have complained even if Android had been picked to be the main smartphone OS.

Symbian was evolving to slowly. But business is business and decisions have to be made even if they are not liked. Sometimes drastic deicions have to be made and for Nokia that's what happened. If this treats Nokia well, Elop is gonna be hailed as a saviour if it goes further South, then well his ass is grass.

so much symbian hate here, symbian assets should not be throw to a trashcan for lowend phones whould be a great choice.

I support the shareholders. Time to oust the Microsoft loving CEO, and get someone in who knows what's best for Nokia.

Flawed said,
I support the shareholders. Time to oust the Microsoft loving CEO, and get someone in who knows what's best for Nokia.

There is someone who knows what's best, he's in Charge of Nokia right now.

Joe05 said,

There is someone who knows what's best, he's in Charge of Nokia right now.

Oh and you have a proven record of that? He's just an ex-Micrsofty that is just a trojan horse.

I guess you say the same thing if Steve Jobs left Apple and replaced Ballmer?

Guys, they're not trying to push Symbian. They're eventually going to kill it. The thing is, they want MeeGo to be a primary focus, which is a bit worrisome.

They are a handset maker, why put all your eggs in one basket if you want to survive, they need to bring out duel handsets, a Windows7 and a Android handset just like other handset makers HTC etc

bobcat said,
They are a handset maker, why put all your eggs in one basket if you want to survive, they need to bring out duel handsets, a Windows7 and a Android handset just like other handset makers HTC etc

Exactly.

bobcat said,
They are a handset maker, why put all your eggs in one basket if you want to survive, they need to bring out duel handsets, a Windows7 and a Android handset just like other handset makers HTC etc

I agree to some extent... ultimately I wish more handset manufacturers would go the Apple route and put all their energy into making 1 really awesome handset. I dislike all the handsets HTC shovels out. Why do we need a phone with slightly larger speakers that slide out? Why do we need a phone with a facebook button?

bobcat said,
They are a handset maker, why put all your eggs in one basket if you want to survive, they need to bring out duel handsets, a Windows7 and a Android handset just like other handset makers HTC etc

If memory serves, Google kind of flamed Nokia when Nokia didn't go with Android and chose WP7. That usually makes for bad future business relations, so doubtful they're going to suddenly decide that they can offer Android.

This is not news. This is 9 nerds who are mad that Symbian is getting the boot.

When you say "we are 9 young stockholders" it means they have no stock worth a damn, and it could just as well have been "Microsoftsucks.com" writing the memo.

I don't know why this kind of stuff gets on the newsfeed. The title is EXTREMELY misleading as well.

Richio said,
Hmm. Symbian is a dying race, adapt or become extinct.
God they're stupid.

I don't believe they said anything about using Symbian for everything, they just didn't want Nokia to now basically become Microsoft phone based, they wanted more variety

Byron_Hinson said,
I don't believe they said anything about using Symbian for everything, they just didn't want Nokia to now basically become Microsoft phone based, they wanted more variety
Based on their initial statements, Nokia is expected to continue the development of MeeGo, possibly as a Tablet OS, as well as other OS R&D.

I realize that you are simply trying to clarify what the group of Nine are saying, but it makes no sense to continue the development of Symbian. And MeeGo is dead in the water because it has made no progress on Nokia's end whatsoever with even less support than WP7, WebOS 3.0 and BlackBerry are expected to yield.

Byron_Hinson said,

I don't believe they said anything about using Symbian for everything, they just didn't want Nokia to now basically become Microsoft phone based, they wanted more variety

If they want to sell WP7, fine. But I want more choices than WP7. Sure MeeGo will be released, wow on 1 fricken phone whoopy do da. They are spending more money on WP7 than on MeeGo. You know MeeGo won't get much work due to lack of insufficient funds. Then Nokia blame MeeGo. Well let's see why shall we?

Why couldn't they just offer MeeGo, Android and WP7. No need to stay tied to one mobile OS and expect a winner. Nokia is only fooling themselves in the end.

ZekeComa said,

If they want to sell WP7, fine. But I want more choices than WP7. Sure MeeGo will be released, wow on 1 fricken phone whoopy do da. They are spending more money on WP7 than on MeeGo. You know MeeGo won't get much work due to lack of insufficient funds. Then Nokia blame MeeGo. Well let's see why shall we?

Why couldn't they just offer MeeGo, Android and WP7. No need to stay tied to one mobile OS and expect a winner. Nokia is only fooling themselves in the end.

They aren't, how many times do people have to repeat themselves. Nokia are using WP7 as their primary SMARTPHONE OS, MeeGo is still being developed and Symbian will still be used for non smartphone devices.

Nokia needed a smartphone OS now, as IMHO, Symbian doesn't cut it any more and MeeGo is still in development. The alternative is Android, and after the comments made by Vic Gundotra it's not surprising that Nokia chose WP7.

Edited by neo158, Feb 15 2011, 11:52pm :

ZekeComa said,

If they want to sell WP7, fine. But I want more choices than WP7. Sure MeeGo will be released, wow on 1 fricken phone whoopy do da. They are spending more money on WP7 than on MeeGo. You know MeeGo won't get much work due to lack of insufficient funds. Then Nokia blame MeeGo. Well let's see why shall we?

Why couldn't they just offer MeeGo, Android and WP7. No need to stay tied to one mobile OS and expect a winner. Nokia is only fooling themselves in the end.

No, they know what to do, and they picked the best OS for their needs, Android was NOT what they wanted, there are plenty of Android hand sets available, it just won't be Nokia.

neo158 said,

They aren't, how many times do people have to repeat themselves. Nokia are using WP7 as their primary SMARTPHONE OS, MeeGo is still being developed and Symbian will still be used for non smartphone devices.

Nokia needed a smartphone OS now, as IMHO, Symbian doesn't cut it any more and MeeGo is still in development. The alternative is Android, and after the comments made by Vic Gundotra it's not surprising that Nokia chose WP7.

Thank you captain obvious. Are you really that incoherent? I said it would be nice if there was more options than just WP7. Learn to read first Jesus bloody Christ.

I know Symbian ain't cutting it, it was dead anyways when they killed S^4.

Joe05 said,

No, they know what to do, and they picked the best OS for their needs, Android was NOT what they wanted, there are plenty of Android hand sets available, it just won't be Nokia.

They picked the best. Oh bloody hell please. WP7 doesn't even have a freaking market. 2-3% doesn't count as a market. Like all you Windows people say of Mac and Linux on the desktop.

I honestly don't care about Nokia. I already know the next phone I'm getting and it sure isn't a Nokia phone.

ZekeComa said,

They picked the best. Oh bloody hell please. WP7 doesn't even have a freaking market. 2-3% doesn't count as a market. Like all you Windows people say of Mac and Linux on the desktop.

I honestly don't care about Nokia. I already know the next phone I'm getting and it sure isn't a Nokia phone.

The comment was "best for THEIR NEEDS"...unless you are a Nokia exec or in R&D, you have exactly 0 knowledge of what is best for their needs.

schubb2003 said,

The comment was "best for THEIR NEEDS"...unless you are a Nokia exec or in R&D, you have exactly 0 knowledge of what is best for their needs.

And neither do the people on this site.

NINE!?! I had to read the article twice to make sure I wasn't missing anything. There is no mention of how many shares they have. Heh.

<i>"We are a group of nine young Nokia shareholders. All of us have worked with Nokia in different capacities in the past."</i>

So, let me get this straight. Nokia is going to go ahead with this partnership and 3 months later we are going to oust Elop and do what exactly? Oh, here it is:

<i>"Developer strategy based on [cross-platform application framework] Qt with primary focus on MeeGo, but providing a credible developer story for Symbian. Enable developers to make money by targeting the huge Symbian installed based while simultaneously offering their best user experience on the MeeGo platform."</i>

Also known as the burning platform. How do these people take themselves seriously? Good luck with the crusade.

These so called 'shareholders' probably don't understand the whole technology aspect. They still believe that Symbian will sell well and continue to do so. They don't see it as dying, and something has to be done. Whether it be with Microsoft or Google, Nokia needed to move pretty quickly.

Yes, people will be layed off as the R&D department will shrink. It's needed, and in the end this is the best move for the company. Or they can sit and see their % dye down considerably as the smartphone market picks up even faster. Within 5 years, Symbian will be gone, and we will be left with 3 to 5 big guns in the game.

neoxphuse said,
These so called 'shareholders' probably don't understand the whole technology aspect. They still believe that Symbian will sell well and continue to do so. They don't see it as dying, and something has to be done. Whether it be with Microsoft or Google, Nokia needed to move pretty quickly.

Yes, people will be layed off as the R&D department will shrink. It's needed, and in the end this is the best move for the company. Or they can sit and see their % dye down considerably as the smartphone market picks up even faster. Within 5 years, Symbian will be gone, and we will be left with 3 to 5 big guns in the game.

Doesn't seem like they specially wanted to keep symbian for everything, they said a small selection of wp7 devices still and more likely a selection of others ala htc etc - especially good with HTC basically slapping back today by ignoring WP7 devices at MWC

neoxphuse said,
These so called 'shareholders' probably don't understand the whole technology aspect. They still believe that Symbian will sell well and continue to do so. They don't see it as dying, and something has to be done. Whether it be with Microsoft or Google, Nokia needed to move pretty quickly.

What nokia should have done is do wp7 for american only as its nokia's only chance in the usa. Symbian is dead in the usa . Lets be frank about that.

Realistically if symbian was doing well in the states, it would have maybe added only 10 to 15 million handsets to the 110 million sold last year (symbian).

Symbian is totaly customsiable, efficient, brilliant multi tasking and has low system requirements.

That said, we are now in the Ghz era, and symbian has issues with how its developed and thats more of an issue than "it has the same font". The n8 has 515 variants at last count, that is absurd to control and its a drain on resources. Also this means, the Blue uk N8 may feature a bug that the france blue n8 may not have.

Add in that some features are sometimes unquie to some handsets and then never feature again in future handsets ..

Those are just two of the issues of symbian that need to be fixed. Going to wp7 doesn't fix these issues, plus Nokia is from two good platforms down to a dumbed down os that is seen to be a failure and has cut and paste and multiasking missing.

how can you convince somebody who knows what a smartphone is and is using symbian to go with wp7 ..

you can't. That is Elop's gamble and failure to see that people won't.

neoxphuse said,
These so called 'shareholders' probably don't understand the whole technology aspect.

You don't believe them when they say they are shareholders?

Byron_Hinson said,

Doesn't seem like they specially wanted to keep symbian for everything, they said a small selection of wp7 devices still and more likely a selection of others ala htc etc - especially good with HTC basically slapping back today by ignoring WP7 devices at MWC

Funny because MS couldn't be patient enough to wait for WP7 to slowly penetrating the market. They made this deal with NOkia and turned against other OEM partners, which might end up badly for MS.

No wonder Nokia has been going down hill with shareholders like that symbian is dying\dead and has been for a good few years in my eyes, the only chance they had to stay in the phone business really was to go either with Android or wp7, I for one am glad they chose WP7, this will hopefully boost competition against android and apple which is always good in this market!

Chemaz said,
No wonder Nokia has been going down hill with shareholders like that symbian is dying\dead and has been for a good few years in my eyes, the only chance they had to stay in the phone business really was to go either with Android or wp7, I for one am glad they chose WP7, this will hopefully boost competition against android and apple which is always good in this market!

Compared to symbian, wp7 is basic, VERY BASIC.

Chemaz said,
No wonder Nokia has been going down hill with shareholders like that symbian is dying\dead and has been for a good few years in my eyes, the only chance they had to stay in the phone business really was to go either with Android or wp7, I for one am glad they chose WP7, this will hopefully boost competition against android and apple which is always good in this market!

Maybe you are right. But I sure as hell as don't want MS with the majority of the mobile market like they have of the desktop. I'm all for competition. But I don't want it to wear, I can't buy a smart phone without it being MS.

MS WP7 has no market 2-3% isn't market. Android already has a ton of market. I rather Nokia went with them mainly because their path is proven unlike WP7.

You know if WP7 fails on Nokia. MS will play the victim and blame Nokia. It's going to be almost a year for WP7 to even be produced in the meantime. Talk about another long set back.

krustylicious said,

Compared to symbian, wp7 is basic, VERY BASIC.

LSHIF!!! But seriously, WP7 much better than cacky Symbian.

ZekeComa said,
But I sure as hell as don't want MS with the majority of the mobile market like they have of the desktop. I'm all for competition.
To turn that around ... you'd rather a market with a Google or Apple majority?

Kirkburn said,
To turn that around ... you'd rather a market with a Google or Apple majority?

TBH yeah, atleast it's not Microsoft everywhere that owns everything. I really would be saying the same thing if it was Apple was in the position and not Microsoft.

lordcanti86 said,
Wow? A whole nine shareholders? ¡¡¡¡VIVA LA REVOLUCION!!!!!

Don't focus on the number - focus on how many shares they have.

Gaffney said,
The Shareholders are themselves devaluing their shares (facepalm)

Like I said above - retard shareholders lol.

This guy is a Trojan horse. He comes from Microsoft, he puts lots of Microsoft execs in Nokia positions. He is the 8th largest individual Microsoft stock holder then he announces Microsofts Win Phone 7 will be their OS? - I mean come on.

They were making a Linux based OS and instead of going with Android (the more popular Linux OS) which they could have built out significantly they just dump the platform completely and put all their eggs in the Win 7 basket.

Something just smells rotten about this guy - And I know that he says he followed the Boards directives with the Microsoft partnership but he also said he was discussing the deal with Microsoft before the board of directors signed off on it, which they only did very recently. That makes me think the deal was more him pushing them to make the decision, forcing their hand if you will.

Vice said,
This guy is a Trojan horse. He comes from Microsoft, he puts lots of Microsoft execs in Nokia positions. He is the 8th largest individual Microsoft stock holder then he announces Microsofts Win Phone 7 will be their OS? - I mean come on.

They were making a Linux based OS and instead of going with Android (the more popular Linux OS) which they could have built out significantly they just dump the platform completely and put all their eggs in the Win 7 basket.

Something just smells rotten about this guy - And I know that he says he followed the Boards directives with the Microsoft partnership but he also said he was discussing the deal with Microsoft before the board of directors signed off on it, which they only did very recently. That makes me think the deal was more him pushing them to make the decision, forcing their hand if you will.

Considering that you know about his stock portfolio, then surely you read, or considered the fact that he would have been unable to sell his stock investments because of insider trading laws.

As CEO, you are going to discuss things that do not go anywhere. For instance, he discussed the same options with Google, and they clearly stated their reasoning to not go with Google (it would have been better had he mentioned how childish Google apparently is, considering the Tweet released before the official announcement, meant to both insult and spoil the announcement). If Symbian was Android, then the last quarter would have seen over 60% of smartphones sold with Android on them. Instead, Android was around 27% (or thereabouts). It would be a race to the bottom, and Nokia would have died a slow, and cheap-phoned death in an ecosystem that already has numerous big-name players with years of experience on Android.

Just because Maemo was written on top of Linux, it does not mean that Android would have been a natural fit. Any app they had written would have to be rearchitected to fit to match the APIs. By dumping Symbian and Maemo, they dumped years of legacy garbage, and a new, low level, unfeatured OS. No matter where they went, it would be a completely new game. So why go with Android, unless they saw a competitive reason too?

From the sounds of things, he speaks very frankly about topics, and he is betting on WP7 in its infancy. After all, he can always join the Android bandwagon if WP7 flops.

Vice said,
This guy is a Trojan horse. He comes from Microsoft, he puts lots of Microsoft execs in Nokia positions. He is the 8th largest individual Microsoft stock holder then he announces Microsofts Win Phone 7 will be their OS? - I mean come on.

They were making a Linux based OS and instead of going with Android (the more popular Linux OS) which they could have built out significantly they just dump the platform completely and put all their eggs in the Win 7 basket.

Something just smells rotten about this guy - And I know that he says he followed the Boards directives with the Microsoft partnership but he also said he was discussing the deal with Microsoft before the board of directors signed off on it, which they only did very recently. That makes me think the deal was more him pushing them to make the decision, forcing their hand if you will.


Microsoft bred this man from birth to be the Nokia CEO in knowledge of future events. Its like Obama.

BoyBoppins said,

Microsoft bred this man from birth to be the Nokia CEO in knowledge of future events. Its like Obama.

This made me laugh. A lot.

Vice said,
This guy is a Trojan horse. He comes from Microsoft, he puts lots of Microsoft execs in Nokia positions. He is the 8th largest individual Microsoft stock holder then he announces Microsofts Win Phone 7 will be their OS? - I mean come on.

They were making a Linux based OS and instead of going with Android (the more popular Linux OS) which they could have built out significantly they just dump the platform completely and put all their eggs in the Win 7 basket.

Something just smells rotten about this guy - And I know that he says he followed the Boards directives with the Microsoft partnership but he also said he was discussing the deal with Microsoft before the board of directors signed off on it, which they only did very recently. That makes me think the deal was more him pushing them to make the decision, forcing their hand if you will.

Certainly all seems a little shady, but who knows. If it was a plant, they are not exactly doing their best to cover it up considering they are filling the company with MS staff etc. More than likely Nokia will be taken over within the next few years.

Byron_Hinson said,

Certainly all seems a little shady, but who knows. If it was a plant, they are not exactly doing their best to cover it up considering they are filling the company with MS staff etc. More than likely Nokia will be taken over within the next few years.


It's a plant, and Microsoft don't need to be discreet about it. They'll get what they want anyway now.

Byron_Hinson said,

Certainly all seems a little shady, but who knows. If it was a plant, they are not exactly doing their best to cover it up considering they are filling the company with MS staff etc. More than likely Nokia will be taken over within the next few years.

Didn't they just announce the end to the Microsoft AntiTrust regulations?

Vice said,
This guy is a Trojan horse. He comes from Microsoft, he puts lots of Microsoft execs in Nokia positions. He is the 8th largest individual Microsoft stock holder then he announces Microsofts Win Phone 7 will be their OS? - I mean come on.

They were making a Linux based OS and instead of going with Android (the more popular Linux OS) which they could have built out significantly they just dump the platform completely and put all their eggs in the Win 7 basket.

Something just smells rotten about this guy - And I know that he says he followed the Boards directives with the Microsoft partnership but he also said he was discussing the deal with Microsoft before the board of directors signed off on it, which they only did very recently. That makes me think the deal was more him pushing them to make the decision, forcing their hand if you will.

Vice said,
This guy is a Trojan horse. He comes from Microsoft, he puts lots of Microsoft execs in Nokia positions. He is the 8th largest individual Microsoft stock holder then he announces Microsofts Win Phone 7 will be their OS? - I mean come on.

They were making a Linux based OS and instead of going with Android (the more popular Linux OS) which they could have built out significantly they just dump the platform completely and put all their eggs in the Win 7 basket.

Something just smells rotten about this guy - And I know that he says he followed the Boards directives with the Microsoft partnership but he also said he was discussing the deal with Microsoft before the board of directors signed off on it, which they only did very recently. That makes me think the deal was more him pushing them to make the decision, forcing their hand if you will.

gotta kinda agree little to strange i mean nokia's stocks dropped 23 % give or take a point of 2

Unions have no place in today's economic times (100k euros each? That's laughable, absurd) & nor do retard shareholders who do not understand sensible business practise (bet those 9 are gutted android fans lol).

WP7 said,
Unions have no place in today's economic times (100k euros each? That's laughable, absurd) & nor do retard shareholders who do not understand sensible business practise (bet those 9 are gutted android fans lol).

Hey now. Unions are just as important now as ever. Without them, the world would be faced with the same employment rates as the US as jobs are outsourced to the cheapest labourer.

WP7 said,
Unions have no place in today's economic times (100k euros each? That's laughable, absurd) & nor do retard shareholders who do not understand sensible business practise (bet those 9 are gutted android fans lol).

Indeed.

dotf said,

Hey now. Unions are just as important now as ever. Without them, the world would be faced with the same employment rates as the US as jobs are outsourced to the cheapest labourer.


So we just have a higher cost of living so we can support overpaid labor? And the US has unions too. It led to a lot of our out sourcinb arguably.

dotf said,

Hey now. Unions are just as important now as ever. Without them, the world would be faced with the same employment rates as the US as jobs are outsourced to the cheapest labourer.

You do realize the Union basically started in the US and it's because of them usually we have outrageous priced labour and why companies have started shipping over sea where they don't have Unions?

dotf said,

Hey now. Unions are just as important now as ever. Without them, the world would be faced with the same employment rates as the US as jobs are outsourced to the cheapest labourer.

Rubbish.

Edrick Smith said,

You do realize the Union basically started in the US and it's because of them usually we have outrageous priced labour and why companies have started shipping over sea where they don't have Unions?

Are you kidding me? Typical American.

http://en.wikipedia.org/wiki/U...s#Origins_and_early_history

Trade unions came to America almost 100 years after anywhere in Europe. The fact that almost every country outsources to smaller Asian countries where working conditions are significantly lower is irrelevant of unions; would you rather those sweatshops be in the US with your children in them?

Absolute ignorant rubbish.

Well, give a longer lifespan to Symbian ??? How much lifespan??? Till it manages to kill Nokia altogether?? I think in the next meeting, all other shareholders should investigate this so-called group of Nine about their secret Agenda. Google funded???? Hmmmm

XerXis said,
wow 9 (nine!) shareholders! The board must be terrified

Funny how they want the CEO out, when he only does what the board tells him to.

XerXis said,
wow 9 (nine!) shareholders! The board must be terrified

If they are significant shareholders they might be terrified!

XerXis said,
wow 9 (nine!) shareholders! The board must be terrified

In the picture, Elop is like "really, not even 10 shareholders?"

Northgrove said,

If these shareholders hold a whole lot of shares, he should be.

If they did they would have kept their mouth shut and used their power to influence the decisions of the board. Some discrete phonecalls from major shareholders goes a lot further than public whining

Much better they back out of the Microsoft deal, stay with Symbian, and take the slow path to irrelevancy and declining market share.

gark said,
Much better they back out of the Microsoft deal, stay with Symbian, and take the slow path to irrelevancy and declining market share.

Indeed. Nokia devices have been getting more and more irrelevant in today's phone market. Either adapt (which I believe they are trying to do with the Microsoft deal), or disappear.

TCLN Ryster said,

Indeed. Nokia devices have been getting more and more irrelevant in today's phone market. Either adapt (which I believe they are trying to do with the Microsoft deal), or disappear.

Let's be realistic here. Are you basing this on North American statistics, or Europe's? Because in NA, Nokia is dying. In Europe/Asia, not so much. I'm not saying they may not have seen a decline in Europe, but they are very very far from dying overseas.

nekkidtruth said,
Let's be realistic here. Are you basing this on North American statistics, or Europe's? Because in NA, Nokia is dying. In Europe/Asia, not so much. I'm not saying they may not have seen a decline in Europe, but they are very very far from dying overseas.
In one of the previous Nokia stories someone mentioned that cheap phones from China were eating away the market share in Asia from Nokia. I have no numbers to back it up or anything, but maybe Nokia isn't as relevant as they once thought they were.

zeke009 said,
In one of the previous Nokia stories someone mentioned that cheap phones from China were eating away the market share in Asia from Nokia. I have no numbers to back it up or anything, but maybe Nokia isn't as relevant as they once thought they were.

it's true. Nokia used to be the undisputed leader in the sub-100$ handsets in Asia, however this has been gradually eroded by ultra-cheap phones from China which cost nearly half as compared to similar specced Nokia handsets.

Wow, those Symbian fanboys just don't like change do they? Symbian is a dying OS which needs to die ASAP... The WP7 platform will hopefully be the shot of adrenaline that Nokia needs so desperately to survive. If they don't go with WP7, then the next alternative is Android, which wouldn't be a bad choice either. Those shareholders need to get back to reality.

-=MagMan=- said,
Wow, those Symbian fanboys just don't like change do they? Symbian is a dying OS which needs to die ASAP... The WP7 platform will hopefully be the shot of adrenaline that Nokia needs so desperately to survive. If they don't go with WP7, then the next alternative is Android, which wouldn't be a bad choice either. Those shareholders need to get back to reality.

+1

-=MagMan=- said,
Wow, those Symbian fanboys just don't like change do they? Symbian is a dying OS which needs to die ASAP... The WP7 platform will hopefully be the shot of adrenaline that Nokia needs so desperately to survive. If they don't go with WP7, then the next alternative is Android, which wouldn't be a bad choice either. Those shareholders need to get back to reality.

I guess you can say the same thing about Windows XP users. They don't like change. Still using a pos 11 year old OS.

ZekeComa said,

I guess you can say the same thing about Windows XP users. They don't like change. Still using a pos 11 year old OS.

Hmm... 2011 - 2001 = 10. Yup, just checked it with my calculator.

-=MagMan=- said,
Wow, those Symbian fanboys just don't like change do they? Symbian is a dying OS which needs to die ASAP... The WP7 platform will hopefully be the shot of adrenaline that Nokia needs so desperately to survive. If they don't go with WP7, then the next alternative is Android, which wouldn't be a bad choice either. Those shareholders need to get back to reality.

Pretty sure their announce is about suddenly losing their power to develop software to a large extent for their own mobile phone. Android would allow this to a greater extent than WP7, that's for sure. The only worse switch from Symbian for the Nokia people would be one to iOS, lol.

Shadrack said,

Hmm... 2011 - 2001 = 10. Yup, just checked it with my calculator.


Since we are playing that game, more like 9 years, 5 months, 22 days. According to standard calendars.

ZekeComa said,

I guess you can say the same thing about Windows XP users. They don't like change. Still using a pos 11 year old OS.

If it ain't broke as they say...

-=MagMan=- said,
Wow, those Symbian fanboys just don't like change do they? Symbian is a dying OS which needs to die ASAP... The WP7 platform will hopefully be the shot of adrenaline that Nokia needs so desperately to survive. If they don't go with WP7, then the next alternative is Android, which wouldn't be a bad choice either. Those shareholders need to get back to reality.

Perhaps the shareholders are worried that swapping Symbian, a proven, high marketshare OS, for WP7, an unproven OS with little to no marketshare is a bad idea. I for one tend to agree with them.

Flawed said,

If it ain't broke as they say...

Kinda irrelevant in this thread as it's about Symbian, which is fundamentally broken.

ZekeComa said,

I guess you can say the same thing about Windows XP users. They don't like change. Still using a pos 11 year old OS.

... Already outdated, soon to be dead for good.

Agree with MagMan. One would think the folks at Nokia could read the writing on the wall about Symbian and MeeGo. The folks who are up in arms are mad because they have their lives invested in the way Nokia currently is and they do not want to see their lives change. For some this will result is great disappointment and jobs elsewhere or new even careers. For others who eventually accept the change and realize WP7 has more opportuity to reach more users than Symbian or MeeGo ever could they will see past their anger and shock and see the possibilities. With WP7 you enter a world of software they can develop apps for, integrate with KINECT, watch movies, etc.. etc... etc...! Do things via a growing integrated eco-system for which Symbian/MeeGo never had a shot. Plain and simple. Change or leave. The Nokia board and CEO know this. They got this right! Whether they went WP7 or Android it would not have mattered. They had to get away from Symbian/MeeGo. All Symbian/MeeGo developers/fans must get on board in order to move forward.The only thing time will tell is if they made the right choice between WP7 and Andriod.