Oh Nokia is a good example. It's mainly a network infrastructure company now, similar to Cisco, Juniper and Huawei. It's not on the news like Intel but it's dyi

Oh Nokia is a good example. It's mainly a network infrastructure company now, similar to Cisco, Juniper and Huawei. It's not on the news like Intel but it's dying a similar death. The stories I hear from friends working there reminds me of Intel culture. IMHO the best outcome for these companies is to go for spin-offs route. Phillips did that with a lot of business units they had and struggle to run (ASML, NXP, their semiconductor fabs etc) and all these businesses turned out to be successful after 4-5 years of tough times. Freshly spun-off companies sometimes went for selling a while project and its dev team to others, or in some cases these projects became spin-offs on their own right. A lot of dead weight (mid-to-high management layers) got fired in the process. It was the right thing to do. Now Phillips is mainly a medical device company, tiny compared to what it used to be, and it is still struggling.