Nokia sale: It’s more than a mobile phone changing hands (The Economic Times)
The Nokia Corporation (ADR) (NYSE:NOK) sale is an emotional issue for me, the current and former employees of the company. Nokia entered India in 1995 and I was its longest-serving leader. Nokia is a Finnish company, 148 years old, started by Fredrik Idestam as a wood pulp mill company. In 1871, brand Nokia arrived because of his second pulp mill, on the banks of the river Nokiavirta. Nokia had many interests till 1991: rubber boots, tyres, cables, computers, televisions and paper napkins. Nokia’s biggest customer was Russia, the result of a trade treaty with Finland. In 1963, Nokia started a radiotelephones business for army and medical use.
Microsoft Cannot Ignore Nokia Phones That Dominate In Emerging Markets (Business Insider)
Microsoft Corporation (NASDAQ:MSFT)‘s acquisition of Nokia Corporation (ADR) (NYSE:NOK)’s handset business gives the software behemoth control of its main Windows smartphone partner, but leaves a question mark over the bigger business it has bought: Nokia’s cheap and basic phones that still dominate emerging markets like India. Microsoft Chief Executive Steve Ballmer has said he sees such phones – of which Nokia shipped more than 50 million last quarter – as an entree to more expensive fare.
How Nokia’s deal with Microsoft is a lesson for entrepreneurs: Dianne Buckner (CBC News)
That’s Nokia’s chairman of the board, Risto Siilasmaa, talking about Nokia’s recent decision to sell its smartphone business to Microsoft Corporation (NASDAQ:MSFT) for $7.2 billion. The part about how selling “isn’t nearly as cool” caught my attention, since I’d been thinking about that experience lately. A small company called HomeSav.com, that appeared on Dragons’ Den last year has just been bought by Waterloo-based Rebellion Media. When I heard, I wondered what had happened. Did the team run out of money and sell out of desperation? Or was it always their plan to build to a certain size and happily cash out?
Nokia shocks, Galaxy Gears and all things IFA (Tech Radar)
You know those weeks where you get a year’s worth of news in just seven days? This is one of those weeks. We’ve got so much news there’s barely room for sarcasm and jokes! First up, the not-entirely-shocking news that Microsoft Corporation (NASDAQ:MSFT) is buying Nokia Corporation (ADR) (NYSE:NOK)’s phone business. As Nick Broughall explains, “According to the men who orchestrated the deal, the real advantage will be the accelerated growth of the company’s mobile device offering.” Nokia keeps its mapping and services, but Microsoft gets the Lumia and Asha lines.
The Nokia insider who knows why it failed warns Apple it could be next (Financial review)
When The New York Times profiled Frank Nuovo in December 1999, he sat on top of the world. The industrial design guru was responsible for the look and feel of Nokia Corporation (ADR) (NYSE:NOK)’s mobile devices, which had taken the world by storm. Figures quoted at the time showed one in every three phones sold in the world that year were Nokia handsets he had designed. The phones and the company were touted as redefining a market . . . doing for phones what Swatch did for watches, they were cool, reliable and unstoppably popular.