Comments on: Nokia’s new CEO fluffs his big moment http://blogs.reuters.com/breakingviews/2011/02/11/nokias-new-ceo-fluffs-his-big-moment/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ulludapattha http://blogs.reuters.com/breakingviews/2011/02/11/nokias-new-ceo-fluffs-his-big-moment/comment-page-1/#comment-6347 Sat, 12 Feb 2011 00:02:55 +0000 http://blogs.reuters.com/columns/?p=5313#comment-6347 In the past few hours, the Federation of Finnish stock investors has taken a stand that this agreement between Nokia and Microsoft undermines the interests of Finnish private investors in an interview given by the federation’s chairman to Kauppalehti, a major Finnish business daily.

Most of the comments following this story say that this deal breaks the Finnish Company law on many points. They reiterate that such an important deal cannot be completed according to Finnish law without the approval of the Nokia Board. Most commentators blame Mr Jorma Ollila, Chairman of the Nokia Board, who in the first place hired Stephen Elop from Microsoft last year, to be the man to be put on trial for this default.

So, as it looks now, this deal between Nokia and Microsoft is by no means a “closed deal”. It may end up in lengthy litigation in Finnish courts?

Has anyone on Wall Street thought about this possibility?

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By: ulludapattha http://blogs.reuters.com/breakingviews/2011/02/11/nokias-new-ceo-fluffs-his-big-moment/comment-page-1/#comment-6343 Fri, 11 Feb 2011 20:06:31 +0000 http://blogs.reuters.com/columns/?p=5313#comment-6343 What else could Elop do? He was trapped on Nokia’s burning platform. So, he decided to jump with his eyes closed into the icy cold Baltic sea on the shores of his office at Nokia’s headquarters in Espoo, a suburb of Helsinki.

The big question which investors all over the world should ask now:
Will Elop survive as Nokia CEO long enough to be able to tell his folks back home at Redmond about his “heroic jump from that burning platform”?

Reactions to Elop’s announcement of a tie up with Microsoft have been so shocking at all levels of the Finnish society- right from Finnish government ministers to workers at Nokia’s various plants in Finland. That shows Elop has either rusty antennas not tuned to the right frequencies of the Finnish mindset or he has yet to learn a lot about the nature of the inhabitants of this arctic country of 5 million lying on the northern periphery of Europe next door to the Russian bear.

Will Elop be another victim of the “Curse of the alien boss?”

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By: punter88 http://blogs.reuters.com/breakingviews/2011/02/11/nokias-new-ceo-fluffs-his-big-moment/comment-page-1/#comment-6342 Fri, 11 Feb 2011 19:30:42 +0000 http://blogs.reuters.com/columns/?p=5313#comment-6342 Depending on where you sit, this is being viewed as both positive and negative. As a shareholder/investor I would have preferred immediate cash flow, thusly the shares took a hit today because the company did not capitulate to the short term focus of investors. As a move to build the company, this is typical of what Nokia has done successfully in the past when faced with similar decision points. There are strengths to both arguments. From a long term investment perspective this drop in share price has shaken out the weak hands. It is seen as an opportunity as we are seeing from the 85 million votes of confidence from investors as they buy on the dip. I listened to every call made public over the past 12 hours and am convinced this new direction was both nessecary and strategic…therfore I am a buyer. They pay a dividend and I’ll sit back and get paid while they rebuild value. It is not the end of Nokia or the world….quite the opposite.

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By: psjofors http://blogs.reuters.com/breakingviews/2011/02/11/nokias-new-ceo-fluffs-his-big-moment/comment-page-1/#comment-6338 Fri, 11 Feb 2011 16:38:34 +0000 http://blogs.reuters.com/columns/?p=5313#comment-6338 So right. This is the first and the last nail in Nokia’s coffin. RIP.

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