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To be fair, only the consumer facing operations of those brands have been wiped out, same as with Motorola, but their enterprise/network-infrastructure business
by FirmwareBurner 3y ago
To be fair, only the consumer facing operations of those brands have been wiped out, same as with Motorola, but their enterprise/network-infrastructure businesses from Nokia, Siemens, Ericsson, Alcatel still exists, and Sagem is still in the military business (as part of Thales).
However, the big issue is that those companies don't see much growth or sensible profit margins anymore compared to what US tech companies are raking in, fact reflected in their sweatshop salaries as well (I interviewed for Nokia and Ericsson a few years back).
In a sad way they're a direct reflection of the EU economy: stagnation and lack of future prospects. Yes I know of ASML and German mittle-stand but they alone can't competitively support the entire EU economy the same way US tech companies do.
- oblio 3y ago> only the consumer facing operations of those brands have been wiped out So, like 90% of the income and profits for a hardware company?
- FirmwareBurner 3y agoPretty much yes.
- oblio 3y agoThe is the "only" warranted? :-)