Well, I wasn't saying they were going to sell right away. But my take from it is that they are a leaner company with more cash, and, in many ways, losing a lot of ground in their market... when reading between lines, I can think they are creating a more interesting company for a potential buyer.
The first thing to do when you're bleeding cash is to get rid of all unnecessary expenses. Briack & mortar shops & they're associated costs are typically one of the most expensive expenditures. They usually go first.
@Clairvoyant, that worries a bit. Imagine a firm selling millions of mobile phones to the world markets and now resorts to letting out part of its edifice for survival. Takes for instance, would that pay off BOM for million(s) of smartphones? If re-investing it should be on an innovative smarter device that could win any contest between either Apple or Samsung.
I think this sale will only help Nokia to fight the fire that is already going on. It is unlikely to help them gain the market success that they once had. With powerful competitors like Samsung and Apple so far ahead in the game, Nokia will have to come up with a new strategy and an innovation to have a chance in the game.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.