Nokia shares drop 14 percent as employees walk out

Nokia shares and employees seem to be dropping today after the announcement of their partnership with Microsoft. Investors are showing a number of concerns with the deal, with many saying that they don’t think it will be enough to save the Finnish company or even help Microsoft stave off competition from Google and Apple.

According to Bloomberg Business week, Nokia’s shares fell by 14 percent on the news, the largest drop for the company since July 16.

Rumors are abound on the Internet too, where Betanews translated a Finnish news site that said around 1,000 Nokia employees had walked out by using their flextime and finishing the day early. While Bloomberg quoted a union representative who said “A lot of workers decided to use flexible working hours and go home to think about what these changes bring,”. 

The employee walk out is more likely to do with the upcoming job losses that are set to hit the Finnish company over the next few months, especially with around 1,500 workers employed on the Symbian side of the company, the operating system that they will be phasing out over time.

Meanwhile Google's EMEA recruiter Aiden Biggins has posted a cheeky tweet to any disgruntled Nokia staff, “Any Nokia software engineers need a job? We’re hiring: www.google.com/jobs.”

Image Source: HS.fi

Report a problem with article
Previous Story

Microsoft accuses former manager of stealing 600MB of data

Next Story

Crysis 2 leaks to the web

125 Comments

Commenting is disabled on this article.

Someone must have already said this so forgive me if I am repeating. I am truly sorry that the good Nokia folks are going through this period of uncertainty. However, at the current rate, if everything remained the same, layoffs were most likely imminent for Mee Go and Symbian teams and the whole company would have most likely ended in ruin. At least it certainly seemed to be headed in that direction. I have to somewhat agree with others who commented as to why they did not go with Android. Seems like a better choice on the surface but I am sure they had their reasons. Maybe they were just blinded to their situation by a hollow promise of Mee Go. Who knows.... Whats done is done.

The folks at Nokia deserve some time to collect their thoughts and move on if they want. However given the world economy they should all consider making the most of the opportuinity before them. Take a lesson from Apple. Once the 80's child star for simple to use home computing they almost lost it all in the 90's... Look at where they are now! Sometimes you have to take 2 steps back to make a giant leap forward. I hope they can see this. Yes, WP7 is not the top platform yet but it is a very good one, despite all the Android and Apple fanboy rhetoric. Nokia should seize this oppotuity to get back into the limelight and produce a phone like no other seen on the market. They have the mind share to produce the best WP7 phone on the market and really compete with Apple and Google. It will not happen overnight but rarely do things like this happen fast. It took 4-5 years to get Nokia in their currrent state and it may take that long to get them out.

Good luck Nokia!!


why they did not go with Android

The real question is why they did not do like HTC and support both platforms. Imo it would have been wiser to support both platforms at the beginning and then maybe chose later which one is the best if supporting 2 platforms proved to be too expensive.

I think the alliance with M$ has to be the worst mistake ever in Nokia's history. And the Google guy is funny

How the mighty have fallen, I remember when Nokia were kings of the mobile phone world, it's a shame ut this is what happens when you get too comfortable in your own market and don't try to evolve and improve on your services. Apple and google have now left them behing in their trail.

Bringing in Stephen Elop was a bad idea - ex Microsoft employee now wanting to work with Microsoft.

Nokia should still concentrate on symbian + meego to make it better. the problem is with the slow development and its centralised decisions where by its innovations and ideas are being obstructed by managers and management

teaming up with microsoft is fine, but should not take up majority of the company's products. instead of using the nokia name, nokia should estabilish a second product line called another line(something like vertu) but specially for nokia-windows phones

and where is the meego tablet? waiting ages for it.

the development at nokia is painfully slow

dazhu said,
Bringing in Stephen Elop was a bad idea - ex Microsoft employee now wanting to work with Microsoft.

I dont understand why people keep saying this. Its not like he joined nokia and then the next day this happened. Nokias investors must have known about this for a long time. They might have even been the ones that started the change. Even though Elop is the boss he still is answerable to his investors on changes of this magnitude and the controlling executive officers would have known too.

The only people that would be supprised by this are those who were'nt paying attention to thier jobs or the gossip. So manny people would need to know about this deal, the accountants would have to make sure its finacialy sound and have the assets to do it. The legal department would have to creat, read, and revise contracts and people who are in charged of remot facilities would have known they would be closed down.

Everyone should have saw this comming.

Einlander said,

I dont understand why people keep saying this. Its not like he joined nokia and then the next day this happened. Nokias investors must have known about this for a long time. They might have even been the ones that started the change. Even though Elop is the boss he still is answerable to his investors on changes of this magnitude and the controlling executive officers would have known too.

The only people that would be supprised by this are those who were'nt paying attention to thier jobs or the gossip. So manny people would need to know about this deal, the accountants would have to make sure its finacialy sound and have the assets to do it. The legal department would have to creat, read, and revise contracts and people who are in charged of remot facilities would have known they would be closed down.

Everyone should have saw this comming.

Nokia stock will continue to fail now. The only saving grace for nokia is to say wp7 is our principle smartphone for selected markets (ie usa/canada) and let it fail that way.

New ceo please nokia.!

If I worked on the Symbian side of things, I would use the remaining time I have with the company to use my "flextime" to get time off while getting paid. I mean, what else are they going to do? Get Microsoft to hire all these employees? If I were these employees, I would've started my job search as soon as rumors started to surface regarding Nokia considering alternatives to Symbian.

I think this partnership is going to be key in the mobile market in about a year from now, just watch it. Nokia has a great penetration in all segments in Asian and European markets due to years of quality reputation.

Look at that. The "quitting" attitude is coming from the same group that developed the failing platform called Symbian. Let them go.

DClark said,
Look at that. The "quitting" attitude is coming from the same group that developed the failing platform called Symbian. Let them go.

Dude you have no idea what you are talking about. Many people will be getting fired from their job sooner or later because of them moving towards Windows. This announcement was a big slap in their face. How would you react if you was getting fired because of that announcement? Wouldn't you walk out also?

ZekeComa said,

Dude you have no idea what you are talking about. Many people will be getting fired from their job sooner or later because of them moving towards Windows. This announcement was a big slap in their face. How would you react if you was getting fired because of that announcement? Wouldn't you walk out also?


If I was involved with software development - I would do the best possible. And when you do the best possible, you do not fail. In other words, if they did not fail with regards to Symbian, then this whole merger would not have happened. Ain't the market system a beauty?

DClark said,

If I was involved with software development - I would do the best possible. And when you do the best possible, you do not fail. In other words, if they did not fail with regards to Symbian, then this whole merger would not have happened. Ain't the market system a beauty?

Dev do what the analysts tell them to do. And analysts do what the boss tell them to do.

Generally when a software fail it start at the top of the pyramide.

DClark said,

If I was involved with software development - I would do the best possible. And when you do the best possible, you do not fail. In other words, if they did not fail with regards to Symbian, then this whole merger would not have happened. Ain't the market system a beauty?

Easy to say when you're not the one in that position and never been.

LaP said,

Dev do what the analysts tell them to do. And analysts do what the boss tell them to do.

Generally when a software fail it start at the top of the pyramide.


thats when the developers should've walked out. THATS making a statement against 'the man'.

They didnt. And they developed an OS thats worthless on any device BUT low end. And now Nokia wants to settle back into the Smartphone market, they have to change their approach and went with Microsoft.
And now they walk out? just a little over 5 years to late.

I think Elop may be missing the point here. What made Nokia special was its unique culture, and it's avoidance of being yet another me-too company, such as Sony Ericsson and LG.

And Symbian does have a rich history behind it, and I don't think the ecosystem is any much smaller than Android or iOS, just that they are not that flashy and are mostly not games. Without the signed apps thing introduced in S60v3 the Symbian ecosystem could have been much larger.

Another thing would be the Qt thingy they have been working on for the past year. Now Elop is like trying to tell them: "Thank you for developing for Qt over the past year, now **** off."

I dunno, I saw quite some prospect behind the synergy between Symbian and MeeGo, and I don't think both OSes are that broken that they can't be fixed by the time the end of 2011 arrives (where the first WP7 handset would likely land)? I actually think that the ecosystem would actually fix itself given Symbian has still a considerable number of fans, and the brand name is much more powerful than webOS. The Android and iOS ecosystem built itself up from scratch too.

And the thing is, WP7 has far less functionality and flexibility than Symbian in its current state. The only problem with Symbian was its user interface, which IMO, wasn't really that bad. Given the numerous months it takes to release the first Nokia WP7 phone, it could have gotten its act together and fix Symbian instead.

But they decided to sell out, like the rest

going from bad to worst.

expect the shares prices to drop even further...

u just gotta pray that they gonna excel in feature phones market

trenzterra said,
I think Elop may be missing the point here. What made Nokia special was its unique culture, and it's avoidance of being yet another me-too company, such as Sony Ericsson and LG.

And Symbian does have a rich history behind it, and I don't think the ecosystem is any much smaller than Android or iOS, just that they are not that flashy and are mostly not games. Without the signed apps thing introduced in S60v3 the Symbian ecosystem could have been much larger.

Another thing would be the Qt thingy they have been working on for the past year. Now Elop is like trying to tell them: "Thank you for developing for Qt over the past year, now **** off."

I dunno, I saw quite some prospect behind the synergy between Symbian and MeeGo, and I don't think both OSes are that broken that they can't be fixed by the time the end of 2011 arrives (where the first WP7 handset would likely land)? I actually think that the ecosystem would actually fix itself given Symbian has still a considerable number of fans, and the brand name is much more powerful than webOS. The Android and iOS ecosystem built itself up from scratch too.

And the thing is, WP7 has far less functionality and flexibility than Symbian in its current state. The only problem with Symbian was its user interface, which IMO, wasn't really that bad. Given the numerous months it takes to release the first Nokia WP7 phone, it could have gotten its act together and fix Symbian instead.

But they decided to sell out, like the rest

What I would have done is this.

1. Stop forking symbian on every device.
2. move symbian, to language packs so that only one version of symbian per device exists, not 200 variants.
3. port QT to ios and wp7.
4. Clear strategy for symbian and meego.
5. Open up OVi, to others to brand and bring ovi maps to android, ios, wp7.
6. Drop s^1 compatibility (gui api etc).
7. Rename Symbian.
8. Use QT for system dev until symbian is modernised.

I think this will be good for both Nokia and MS but at the end of the day, this is not going to help them grow leaps and bounds.

I'm just seeing a big disconnect. Nokia is all but forgotten in America. Windows is an American company with a less than desirable reputation for their last OS and very little presence for their new one despite good reviews. Nokia has always been ace at hardware though and hopefully that can strengthen the two. At the very least, they can hopefully take away some of Samsung's marketshare as they've shown total disregard for their Android line.

I agree with you on almost all points except BB OS. BlackBerry remains the best enterprise device out there. It is the most functional with the highest security features and solid build. While the others may be better for everyday use, remember, RIM has their foot in two markets whereas everybody has it in just one. The iPhone is great at pretty much everything else EXCEPT being a phone. It has the best camera and right now the best app. support but that is quickly changing and pretty soon Android will surpass Apple's number of apps and the iPhone will probably be left behind. I am not a user of any of these phones so my comment remains unbiased. I really do think Android has a higher potential with a wide selection of high end devices and increasing third party support. Plus, they encourage users to modify their phones and develop for the Android platform. I really don't see Apple reigning for much longer.

The problem with the Blackberry platform is the direction businesses are slowly moving in. A lot of people are noticing a trend of employees wanting to bring their phones to work, rather than having secondary work phones distributed by their employers. Never before has it been so simple to have one device and feel like you can bring your work with you.

But because it's so attractive to have just one advice, people want their smartphones to function fully as a personal phone and offer as much as a personal phone can. When they see the growing functionality of Android/iOS/WP, they want in.

I have said in past there is only room for 3 major smart phone platforms. I don't think either BB OS or Web OS, or Meego really have a chance. The only reason why Windows Phone has chance is because they have 8000 apps and are growing at rapid pace even though sales of actual phone may not be so great. And any other platform besides iphone and Android is going to have be able to do something similar in order to have chance.

danbalthaser said,
I don't care what everyone thinks, I think it was a great move. Businesses who don't evolve are left behind.

Whats nokia's plan b ..

The employees that walked out should stay out. I am not claiming to know what's best for Nokia so I won't even comment on whether the Microsoft deal was a good move but it is something that can potentially put Nokia on the right track until it regains some steam. Those idiots that walked out think they are "sticking it to the man" but they don't realize that "the man" may be the one that gives them the best chance to still have a job in 3 months. In my opinion what Nokia did is an act of desperation and something that perhaps is the best thing for them right now. I'd hate to see Nokia go that was once one of the leading telecom. companies only plagued by bad management and antiquated practices. They just didn't move with the times and now they are paying for it. We have been seeing this happen more and more in various industries in the last couple years and we will continue to see this until established companies drop their cocky attitude and shift their business models to 2011 and beyond.

Redz0ne said,
Am I the only person that thinks Windows Phone and Nokia might just work?

nope, its gonna work and work well. MS is also getting some win technology for Bing - especially for people in EU/Uk

Redz0ne said,
Am I the only person that thinks Windows Phone and Nokia might just work?

Nope. I also think it could work. The people who think it won't just dislike the idea out of principle and pre-existing disgust towards Microsoft out of some decade-old mantra from when it was totally in to hate on 'M$'. They're either angry that Nokia is giving up on a failed platform (because going down with the ship is somehow a better idea?), or angry that it's Microsoft instead of Google.

The ironic thing is that people angry because it isn't Google are unintentionally showing their true feelings: that they love Nokia hardware. That's WHY they want THEIR platform on it. In other words, this is *desired* hardware, and acquiring a desired hardware brand is the strongest, smartest move Microsoft could've made for their Windows Phone platform. They're allowing Nokia's developers to customize the OS--something which, in the minds of these crybabies, should be a GOOD thing, but somehow magically isn't.

A few people complain that WP7 is a bad move because the ecosystem isn't as large as Android's. Isn't that the point though? By making the hardware desirable, more people will come to it, attracting more developers, and giving the ecosystem a change to grow larger.

The reality is, the people who are whining the loudest, aren't upset that WP7 isn't a good enough platform for Nokia. They're upset because they're worried Microsoft will win another market, and they desperately don't want that to be the case.

There are a few people, too, who desperately just want to see open source win for once. They're so tired of, decade after decade, generation after generation, proprietary code winning the market over. It keeps happening, and is probably the main reason FOSSphiles hate consumers and capitalism so much. For some reason, when civilizations have currency, they're so doggone obsessed with USING it, and goshdarnit, how is free software going to win in a world where people want to spend money?

Joshie said,

Nope. I also think it could work. The people who think it won't just dislike the idea out of principle and pre-existing disgust towards Microsoft out of some decade-old mantra from when it was totally in to hate on 'M{0}#039;. They're either angry that Nokia is giving up on a failed platform (because going down with the ship is somehow a better idea?), or angry that it's Microsoft instead of Google....

Joshie, congratulation on your comment. I couldn't agree more.

Joshie said,

*snap*

so true, however. The OS market has had plenty of chances to take over markets. Ubuntu is doing quite good, almost everyone around me at least KNOWS ubuntu, how to get it and that its free.
But except a very few, noone uses it. And the ones that do use Ubuntu (or any other distro) have to struggle around to still use (parts off) windows.
Besides even ubuntu is starting to fail, because of the dozens of flavors of Ubuntu. While Ubuntu is just a customized Debian (for now, will change... bad idea IMO).
You seem the same kind of scattering with the Android platform... how many 'distros' are there?
There are hundreds of thousands of linux distro's vs XP, Vista and Win7 or OSX
Besides, when you get/buy Windows * or (i)OS(X), you get PROPER support for YEARS to come, from the developers/company.
Get linux/android, your support is very limited (to distributer or manpages)

Oh ye and how about Singularity? Its an Opensource OS from Microsoft designed from current day standards, and not based on 80s technology. But people refuse to pick up on it, just because its MS

Haters gonna hate

Shadowzz said,

Oh ye and how about Singularity? Its an Opensource OS from Microsoft designed from current day standards, and not based on 80s technology. But people refuse to pick up on it, just because its MS
No, that's not it...

"Microsoft Research License Agreement
Non-Commercial Academic Use Only"

That's why. Open to developers, restrictive to most all users? Yeah I don't really like that idea. It's just free work for them.

http://singularity.codeplex.com/license

Edited by Silverskull, Feb 13 2011, 4:25am :

Joshie said,
There are a few people, too, who desperately just want to see open source win for once. They're so tired of, decade after decade, generation after generation, proprietary code winning the market over. It keeps happening, and is probably the main reason FOSSphiles hate consumers and capitalism so much. For some reason, when civilizations have currency, they're so doggone obsessed with USING it, and goshdarnit, how is free software going to win in a world where people want to spend money?
Well, as one of those "FOSSphiles" you speak of... I don't really hate capitalism entirely - it's fine for corporations to make money selling software. It's also fine, however, for me to refuse to buy said software and to seek out free alternatives. When the corporations use their power to stifle competition and/or prevent free software from gaining ground at all due to legal threats... that is when I have to speak up. And this is something that Microsoft has been guilty of in the past.

Hence the reason for my belief that software patents are a bad thing and never should have existed in the first place.

Outside of that I can continue on with my day using the software that I like.

Not unexpected, as I said before. This may even kill Nokia. It's that bad. Nokia is no longer the company it was. It's as if Microsoft would suddenly announce they would only develop Linux distros, and drop Windows. Nokia is no longer an independent developer. They're now only building hardware, not software. They're a Dell.

Northgrove said,
Not unexpected, as I said before. This may even kill Nokia. It's that bad. Nokia is no longer the company it was. It's as if Microsoft would suddenly announce they would only develop Linux distros, and drop Windows. Nokia is no longer an independent developer. They're now only building hardware, not software. They're a Dell.

Building software isn't helping them anymore, Symbian is going nowhere, and MeeGo is taking too long to show signs of life. They either make a change or close shop.

Northgrove said,
Not unexpected, as I said before. This may even kill Nokia. It's that bad. Nokia is no longer the company it was. It's as if Microsoft would suddenly announce they would only develop Linux distros, and drop Windows. Nokia is no longer an independent developer. They're now only building hardware, not software. They're a Dell.

Hey brah, sometimes the best thing for a company's image is ditching a former model to focus on just one thing. Look at IBM.

They made hardware and software, were the big evil bad guys Apple was going to save us from in the early 80s, botched the 90s OS market, shipped their PC business off to Lenovo, and now they're the totally hip, awesome, froody company that can win Jeopardy with a supercomputer.

Northgrove said,
Not unexpected, as I said before. This may even kill Nokia. It's that bad. Nokia is no longer the company it was. It's as if Microsoft would suddenly announce they would only develop Linux distros, and drop Windows. Nokia is no longer an independent developer. They're now only building hardware, not software. They're a Dell.

And before they were building great hardware and built crap software to throw on it.
Some good software is what they need.

maybe that is why they're just employees and not VPs, they don't have any vision or the know how to take business wise decisions

unions are a freakin joke... It's discusting to think that people are walking out of their jobs because they made a deal that could pontentially help make the company stronger while millions are out of work.

bguy_1986 said,
unions are a freakin joke... It's discusting to think that people are walking out of their jobs because they made a deal that could pontentially help make the company stronger while millions are out of work.

Nokia CEO said there would be large layoffs - not exactly moral boosting for staff, especially those that will soon join the millions out of work.

bguy_1986 said,
unions are a freakin joke... It's discusting to think that people are walking out of their jobs because they made a deal that could pontentially help make the company stronger while millions are out of work.

you really believe that. Nokia now has no exit plan when wp7 fails.

krustylicious said,

you really believe that. Nokia now has no exit plan when wp7 fails.


Nokia still holds the low-end market. Doubt this will change tho. At least not in Europe.

Yeah, they are not happy about the heavy handed way the announcement was handled. They know that Symbian will be driven down slowly but there has not been any internal communication about the engineering teams and their future (i.e. will they be laid off or transferred to work on Windows Phone 7 projects, regular cell phones, etc.).

smot said,
Wouldn't surprise me. Investors love to bet against MS. They've been doing so for years.

And they've been right. Windows, Bing/Live Search, Win Mo, Office, and Zune have seen declining Marketshare year on year.

Flawed said,

And they've been right. Windows, Bing/Live Search, Win Mo, Office, and Zune have seen declining Marketshare year on year.

Bit harsh, Windows is flat, Windows Mobile down, Bing flat, Office up and dunno about Zune.

Flawed said,

And they've been right. Windows, Bing/Live Search, Win Mo, Office, and Zune have seen declining Marketshare year on year.

wasn't there just a report out that bing took some of the marketshare away from google?

Flawed said,

And they've been right. Windows, Bing/Live Search, Win Mo, Office, and Zune have seen declining Marketshare year on year.

Except for WinMo (prior to Windows Phone 7), every one of those products you brought up has been proven factually incorrect. But when you spam every Windows Phone thread to make sure everyone knows you dislike something you don't use, then I guess facts are not important, now are they?

nohone said,

Except for WinMo (prior to Windows Phone 7), every one of those products you brought up has been proven factually incorrect. But when you spam every Windows Phone thread to make sure everyone knows you dislike something you don't use, then I guess facts are not important, now are they?

Please don't interrupt Flawed's rants with facts. Flawed believes that competition is good, as long as it is Google versus no one, on multiple carries and multiple phones. See you have multiple carries and phones, so there is competition.

Flawed said,

And they've been right. Windows, Bing/Live Search, Win Mo, Office, and Zune have seen declining Marketshare year on year.

Whut? They have all gone up except WinMo, which is obvious why it happened.

thealexweb said,

Bit harsh, Windows is flat, Windows Mobile down, Bing flat, Office up and dunno about Zune.

Windows only survived because there is no real alternative, note that yes linux is but not for those who go into best buy/pc world/wall mart to buy their pc.

krustylicious said,

Windows only survived because there is no real alternative, note that yes linux is but not for those who go into best buy/pc world/wall mart to buy their pc.


I think you got it all wrong... There are alternatives, linux as you mention and you can get a mac, the reason for Windows surviving as you say isn't because there are no alternatives but because it's superior to the alternatives.

Well maybe not so superior to OS X but buying a Mac is like buying a high end luxury car, most people simply don't.

Leonick said,

I think you got it all wrong... There are alternatives, linux as you mention and you can get a mac, the reason for Windows surviving as you say isn't because there are no alternatives but because it's superior to the alternatives.

Well maybe not so superior to OS X but buying a Mac is like buying a high end luxury car, most people simply don't.


Mac shouldnt've switched to Intel CPU's. I remember back in the days where my 500mhz windows machine was getting beaten around with a school of trouts by the Macintosh's running at what, 300-400mhz?

but ye, linux is not really a great substitute for a proper desktop machine. great for servers tho, gotta love debian.

Leonick said,

I think you got it all wrong... There are alternatives, linux as you mention and you can get a mac, the reason for Windows surviving as you say isn't because there are no alternatives but because it's superior to the alternatives.

Well maybe not so superior to OS X but buying a Mac is like buying a high end luxury car, most people simply don't.

a shiny car with same low end engine? yeah right

Leonick said,

I think you got it all wrong... There are alternatives, linux as you mention and you can get a mac, the reason for Windows surviving as you say isn't because there are no alternatives but because it's superior to the alternatives.

Well maybe not so superior to OS X but buying a Mac is like buying a high end luxury car, most people simply don't.

Hardly. If you're not completely tied to proprietary software Linux can be the best choice. I certainly wouldn't switch back to Windows - at this point Linux is often easier for me to work with. I would argue that Windows survives because the average user is either unaware of Linux or won't give it a chance.

Of course if you are tied to proprietary software... Windows isn't necessarily better, but you are locked in.

People using flexitime to go home early on a Friday? Say it ain't so! To be fair though, like GP007 said, most of the early leavers are likely Symbian developers, who have just been bitch slapped by the capitalist hand, and stabbed in the back by their employer.

Majesticmerc said,
People using flexitime to go home early on a Friday? Say it ain't so! To be fair though, like GP007 said, most of the early leavers are likely Symbian developers, who have just been bitch slapped by the capitalist hand, and stabbed in the back by their employer.

because those Symbian developers produced such an outdated crappy OS? its only good on cheap ass simple phones, it will never be of any proper use on smartphones.
not Nokia's fault, they tried making smartphones and it was the OS that failed, not the hardware.

Not surprising really. Betting your future on a "going nowhere" platform is very risky for Nokia. Not only that but what segment of the market are they targeting? Apple has the high end sewn up, Google has the mid-low end, RIM has the corporate, and WP7 with its minimum spec can only compete in the high end. Nokia will be dead in a year.

Flawed said,
Not surprising really. Betting your future on a "going nowhere" platform is very risky for Nokia. Not only that but what segment of the market are they targeting? Apple has the high end sewn up, Google has the mid-low end, RIM has the corporate, and WP7 with its minimum spec can only compete in the high end. Nokia will be dead in a year.

Nokia doesn't live on smart phones (which is good since they have done abysmal job on the high end market), even if this strategy fails Nokia will still be around thanks to their cheap dumb phones.

Flawed said,
Not surprising really. Betting your future on a "going nowhere" platform is very risky for Nokia.

Always refreshing to see Flawed attacking WP7 with unfounded rhetoric about a favorite topic....

Edited by schubb2003, Feb 11 2011, 11:02pm : referred to Flawed as male, I have no idea what sex Flawed is

Ultimately, what other options were available to Nokia to help them regain market shares? Make a strategic alliance with Google instead of Microsoft? Would the employes walk out in this case too?

Vykranth said,
Ultimately, what other options were available to Nokia to help them regain market shares? Make a strategic alliance with Google instead of Microsoft? Would the employes walk out in this case too?

Be it Google and not MS, the end resault for Symbian would have been the same, it would have been dropped like a bad habit.

So hold on, 1.500 people who on Symbian which is more or less dead, has been for some time now. And 1,000 decided to use their flextime and leave early, well hey, those numbers match up pretty well if you ask me.

Flawed said,
Symbian has a far greater marketshare than WP7. Silly move in my opinion. Android would have been a much better choice.

that's according to you.

Flawed said,
Symbian has a far greater marketshare than WP7. Silly move in my opinion. Android would have been a much better choice.

Symbians greater marketshare isn't going anywhere but down, and fast, it's dead. And Android would have made Nokia yet another "me to" base OEM. Maybe they don't want to fall inline with the rest of them?

Flawed said,
Symbian has a far greater marketshare than WP7. Silly move in my opinion. Android would have been a much better choice.

Symbian has a higher market share because it's been around much longer than Windows Phone 7. WP7 has to start somewhere, just like Android did. If Nokia had picked Android, Windows Phone 7 might not grow as quickly, if much at all.

Callum said,

Symbian has a higher market share because it's been around much longer than Windows Phone 7. WP7 has to start somewhere, just like Android did. If Nokia had picked Android, Windows Phone 7 might not grow as quickly, if much at all.

why should everything have to be android? i welcome WP7 to become a big player next to Android and iOS.
Android isnt exactly doing great either with all the different versions that are out there.
at least iOS and WP7 are updated by Apple/MS, not by the cell phone company.

WickedScribbler said,
Investors are a bunch of dumb, blind, pani9cky sheep.

Announcing a partnership to deploy a windows based phone OS is enough to make any Nokia investor anxious.

1. It's an unproven OS/platform.
2. It can't compete in the low end where Nokia currently has the most business.
3. With all the concessions Nokia has made, they've virtually given their entire business over to Microsoft. It reminds me of Yahoo. Why on earth these companies want to get in bed with MS is beyond me.

Flawed said,

Announcing a partnership to deploy a windows based phone OS is enough to make any Nokia investor anxious.

1. It's an unproven OS/platform.
2. It can't compete in the low end where Nokia currently has the most business.
3. With all the concessions Nokia has made, they've virtually given their entire business over to Microsoft. It reminds me of Yahoo. Why on earth these companies want to get in bed with MS is beyond me.

If you understood investing you'd understand that jumping ship now is not the smartest move; unless of course these investors are short term investors.

NPGMBR said,

If you understood investing you'd understand that jumping ship now is not the smartest move; unless of course these investors are short term investors.

+1

If they were smart, they would've seen the writing on the wall a long time ago.

WickedScribbler said,
Investors are a bunch of dumb, blind, pani9cky sheep.

lol.. actually its mostly the financial advisors like myself.

Flawed said,

Announcing a partnership to deploy a windows based phone OS is enough to make any Nokia investor anxious.

1. It's an unproven OS/platform.
2. It can't compete in the low end where Nokia currently has the most business.
3. With all the concessions Nokia has made, they've virtually given their entire business over to Microsoft. It reminds me of Yahoo. Why on earth these companies want to get in bed with MS is beyond me.

The WP7 deal only affects nokias smartphone business, the rest will still run meego and / or symbian.

NPGMBR said,

If you understood investing you'd understand that jumping ship now is not the smartest move; unless of course these investors are short term investors.

What elop has done is to kill 110 million unit a year business. Nokia stock will fail some more, as people realise nokia has no exist strategy from the pending failure from wp7.

Wp7 in many respects is more limited than the feature-phone-cum-semi-smartphone iOS platform. Thats the scary part. Its a bit like changing your rolls royce for a fiat 500.

Flawed said,

Announcing a partnership to deploy a windows based phone OS is enough to make any Nokia investor anxious.

1. It's an unproven OS/platform.
2. It can't compete in the low end where Nokia currently has the most business.
3. With all the concessions Nokia has made, they've virtually given their entire business over to Microsoft. It reminds me of Yahoo. Why on earth these companies want to get in bed with MS is beyond me.


1. unproven is still better than proven as crap.
2. Well, maybe with a proper OS to compliment their good hardware they would be able to compete in any part of the market but the ones who can only afford the crap

kinda makes you wonder though, how long have the been working on this deal, they've been making quite some noice about meego lately and they just give that up?

krustylicious said,

What elop has done is to kill 110 million unit a year business. Nokia stock will fail some more, as people realise nokia has no exist strategy from the pending failure from wp7.

Wp7 in many respects is more limited than the feature-phone-cum-semi-smartphone iOS platform. Thats the scary part. Its a bit like changing your rolls royce for a fiat 500.


nokia still has quite some market in europe, doubt it'll ever go away tho.

and ye the WP7 is _more_ limited then iOS? hater be hating?
it can change a wallpaper without jailbreaking it first its already more featurerich then iOS ;D

Gaffney said,
Who would want their software engineers ? Their software is rubbish.

wow, you seem to know everything...

Gaffney said,
Who would want their software engineers ? Their software is rubbish.

Good engineers are good engineers, there not bad when project mangers put them on is bad projects.

ahhell said,
Uh...if you're scared of losing your job...staging a walkout probably isn't your best idea.

They can't do much about that if they choose to use their flexitime, they just all decided to use it at the same time

ahhell said,
Uh...if you're scared of losing your job...staging a walkout probably isn't your best idea.

Especially when Europes economy is as bad as it is now!

NPGMBR said,

Especially when Europes economy is as bad as it is now!


People keep saying that but I still haven't noticed over here...

f1d said,
So... they didn't walk out... they used their flexitime to go home a bit early this afternoon.

Right.. More sensationalistic journalism.

neufuse said,
.jobs is a TDL? wow first time I've seen that actually used

one learns something new every day

the sponsored tld's are:

.aero
.coop
.jobs
.museum
.mobi
.travel
.xxx

might have forgotten one or two

http://www.steve.jobs/ is still available btw, I think

InsaneNutter said,

I really did laugh

Its quiet the norm for students from the University of Waterloo to say "Hey guys, I got a RIM Job." once they are hired by RIM for co-op positions haha. Just ask around if you don't believe me!

TokyoKiller said,

Its quiet the norm for students from the University of Waterloo to say "Hey guys, I got a RIM Job." once they are hired by RIM for co-op positions haha. Just ask around if you don't believe me!

I'm in the same city as another RIM office, and I've heard that phrase many times...

OMG, the Investors had to wait for a public announcement from the CEO to learn that Nokia was sinking. These investors need to seriously start reading tech blogs.

raghavny80 said,
OMG, the Investors had to wait for a public announcement from the CEO to learn that Nokia was sinking. These investors need to seriously start reading tech blogs.

Tech blogs are wrong far too often

raghavny80 said,
OMG, the Investors had to wait for a public announcement from the CEO to learn that Nokia was sinking. These investors need to seriously start reading tech blogs.

God NO! Tech blogs are the worst articles to be reading.

raghavny80 said,
OMG, the Investors had to wait for a public announcement from the CEO to learn that Nokia was sinking. These investors need to seriously start reading tech blogs.

If the investors were truly concerned they would have sold their shares when Nokia started losing market share compared to Apple and Google. For investors to sell shares now is somewhat silly because their actions only deflate the stock further ensure that they won't recover any losses.

It gets even better because if this agreement works for for MS and Nokia the stock will rise making it more expensive to buy shares again.

raghavny80 said,
OMG, the Investors had to wait for a public announcement from the CEO to learn that Nokia was sinking. These investors need to seriously start reading tech blogs.

lol .. tech blogs have to many trolls that sway people..

Shock Doc said,
To be expected.
exactly, Nokia has announced basically nothing wil happen for 2 years while they transition to the new platform, but also I'd much rather an android phone than a Windows one!

Double Whammy, I won't be buying any new Nokia phones!

Shock Doc said,
To be expected.

Pretty much expected. Nokia will go down the drain, nobody these days wants to buy an unfinished product, like Windows Phone 7. If they've done the right thing (choose Android) some time ago they wouldn't be in this position.

That's the end of Nokia phones for me.

Lechio said,

Pretty much expected. Nokia will go down the drain, nobody these days wants to buy an unfinished product, like Windows Phone 7. If they've done the right thing (choose Android) some time ago they wouldn't be in this position.

That's the end of Nokia phones for me.


ye get an android and break up the market in even smaller pieces \o/

u sir failed the internets