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I think Nokia have reinvented themselves a few times (they started out in rubber, right?). If they's opted just to pack it in they would not have become the gia
by PMan74 11y ago
I think Nokia have reinvented themselves a few times (they started out in rubber, right?). If they's opted just to pack it in they would not have become the giant they did.
In addition I'd assume the major shareholders in Nokia & BB have had sight of and a say in the plans to try turn things around. And they think that it's a better bet than simply turning off the lights and distributing whatever cash those companies have on hand.
- ptaipale 11y agoThey actually started out as a wood pulp mill (powered by rapids at a river called Nokia) in 1868. This expanded to a paper factory in 1880 and a cellulose factory in 1885 and later on a rubber factory, and then a cable factory, and the telecoms came up as a spin-off of cable manufacturing (starting with modems). The pulp mill site looks like this today: http://tinyurl.com/nokianvirta http://tinyurl.com/nokianvirta I worked in a Nokia R&D house that was built in Espoo in 1975; it had been constructed with a 10 tons per square meter load rating in three floors so that "if this silly electronics thing doesn't take off, we can always bring in the cable machines." The name Nokia comes from the name of the river, which in turn supposedly comes from a reference to "noki" (soot) as it is a pre-historic trading site of black skins of fur.
- dagw 11y agothey started out in rubber, right? They stated in wood pulp. Rubber came some 30 years later.