Nokia Preparing to Replace CEO
Jul 19, 2010, 7:45 PM by Eric M. Zeman
Today the Wall Street Journal reports that Nokia is looking to replace its current CEO, Olli-Pekka Kallasvuo, who has headed the firm since 2006. Nokia's shareholders have expressed doubt in Mr. Kallasvuo's ability to lead the company out of a downward spiral that it has been in for several years. In the last three months alone, Nokia's stock value has dropped by 40% as the company has failed to field a new phone able to compete with the likes of Android, iPhone and BlackBerry. According to the Journal's sources, Nokia wants to make a decision on the matter by the end of July. The company has interviewed several candidates from the U.S. Nokia has recently reorganized its top executives and reorganized its internal structure, but has continued to lose market share. Nokia declined to comment for the Journal's story.
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Comments
Nokia's real problem--
The problem now is that Android, WebOS, and iOS all offer developers more advanced API's, and R...
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Hard to imagine a less competently run company
Nokia on the other hand is such a fustercluck I don't even know where to begin.
First off, their OS strategy is a trainwreck. It's been a trainwreck for about the past 5 years, but S60 was so good for an OS back in 2004 that all it took were minor improvements to put it ahead of the spartan Blackberry OS, dated Palm OS, and craptacular Windows Mobile.
Now they've got some 3 OS's- Maemo, Meego, and Symbian, each one with a more glacial development pace than the last. Meanwhile even all-but-bankrupt Palm managed to put out a stellar OS that blew...
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Dear Nokia Clause...
🤣 i wish
I heard you need a new CEO. I'm ya huckleberry. 😎
