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For Nokia this turned out to be a good deal. They got good money for the mobile phone business. If they would have sticked to it that might have been the end of
by jpalomaki 10y ago
For Nokia this turned out to be a good deal. They got good money for the mobile phone business. If they would have sticked to it that might have been the end of the whole company.
Now Nokia got several billions, bought Alcatel and continues other business. The feature phone business ended up in new company which is using Nokia's name and IPR and pays per unit royalties to Nokia. If this venture proves succesful, Nokia could just acquire them.
Years ago there was speculation that Elop was a trojan horse, placed by Microsoft. After things turned out as they did, I have started thinking that maybe it was the other way round. Maybe somebody planned all along that hiring Elop would open the opportunity of dumping the business to Microsoft in case it would nit start generating profits.
- pjmlp 10y agoThe Finn press discovered that the Nokia board had offered a contract to Elop where he would get a large bonus if he managed to sell the company. This was talked a lot in Finland, you can easily find it if you google for it, but Microsoft haters like to ignore this little action from Nokia board.