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bolaji.ojo
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Not enough?
bolaji.ojo   6/14/2012 10:20:07 AM
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Nokia's planned additional layoffs hasn't impressed investors. The company's stock price fell more than 15 percent on the news. Shareholders were spooked by the fact its outlook remains grim. Job cuts don't seem to be enough anymore as far as investors are concerned. What they want is a product that's great, higher sales and the production processes and supply chain to match it.

Wale Bakare
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Re: Not enough?
Wale Bakare   6/14/2012 10:48:47 AM
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"We intend to pursue an even more focused effort on Lumia, continued innovation around our feature phones".

I think Nokia's problem has compounded since adoption of Windows OS for its feature phones to run on - that platform simply not too attractive to consumer market but desktop devices. Unless Nokia refocus its phone OS to either adopt something of mass appealing or completely switch back to Symbia. Am afraid Windows wont do any help in this tough market situation everyone is experiencing.

Anna young
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Re: Not enough?
Anna young   6/14/2012 11:11:47 AM
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 "However, we must reshape our operating model and ensure that we create a structure that can support our competitive ambitions."

Rightly so, Bolaji. I think the investors are not asking too much here.
I just wonder whether the plans to close its factories in Canada and Germany will restore the company's position in the market place. I doubt this. Could this be the end of Nokia?
How much more restructuring and reshaping will restore order? 

 

Ariella
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Re: Not enough?
Ariella   6/14/2012 11:16:49 AM
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@Anna I wouldn't think it's the final nail in the coffin, but it does appear to be one the nails. Job cuts show a shift in numbers that can reduce loss, but it doesn't necessarily signal a new direction toward success. Unfortunately, cutting jobs is easier for most companies than coming up with a real solution to the problems that plague it. 

elctrnx_lyf
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Re: Not enough?
elctrnx_lyf   6/14/2012 11:32:00 AM
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Nokia needs to focus on the right market of smart phones. They should become more aggressive and should launch devices with android to compete against Samsung. Microsoft is not attractive and famous among the smart phone consumers.

Anna young
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Re: Not enough?
Anna young   6/14/2012 11:46:27 AM
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Absolutely, Ariella. A shift in number like you said may reduce the company's loss significantly, however, will not immediately restore increase in performance. More I think is required from Nokia to arrive at a desired destination. 

Wale Bakare
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Re: Not enough?
Wale Bakare   6/14/2012 11:47:02 AM
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@Ariella do you think  spreading 10,000 reponsibilities ontop of others not OK? Considering million of Euros the company would save but i think this should direct to R&D instead.

Ariella
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Re: Not enough?
Ariella   6/14/2012 11:49:17 AM
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@Wale I don't think that when a business lays off that many people that they're seeking to divert the money into research and development. Rather, I think that they want the savings in operations and labor cost to make their bottom line look better. It's possible they will divert some of the savings into investment in r & d, but there already should be a budget for that.

prabhakar_deosthali
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right predictions by EBN
prabhakar_deosthali   6/14/2012 11:52:16 AM
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Bolaji,

 

Just a couple of months ago, you had identified HP, Nokia and RIM to be lacking right directions and likely to go downhill because of their mis-strategies , not innovating early enough and be complacent about their market positions.

How true! All these companies are now struggling to keep themselves afloat.

 

 

Wale Bakare
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Supply Network Guru
New OS? Probably
Wale Bakare   6/14/2012 12:01:05 PM
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"Could this be the end of Nokia?" @Anna, a big question you raised here.


According Nokia's CEO release "However, we must reshape our operating model and ensure that we create a structure that can support our competitive ambitions." Base on the CEO's statement, I think we just have to wait and watch as the smartphone market's drama unfolding. May be 1st quarter of 2013.


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