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Nokia to sell-
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Nokia to sell?
It now appears that the original Nokia’s brilliant, but ‘Fading’.
In recent years, Nokia’s profit margins and stock price to vent straight down. In June 2005 the United States ‘Business Week’ published in the top 100 global IT companies, Nokia ranking dropped to 18th place, while Nokia had not previously been looked down on the ‘small potatoes’ LG and Samsung, but rose to No. 3 and 5.
October 1, 2005, Nokia’s former chief financial officer, the incumbent mobile phone business officially took charge of Olli-Pekka Kallasvuo, president and chief operating officer, will be June 1, 2006 officially take over as Chief Executive Officer Jorma Ollila.
But enough to make heart-breaking news is that the whole world, ‘savior’ Olli-Pekka Kallasvuo was actually the primary task of how to sell this company! Bloomberg columnist Lynn believes that Nokia has no future, only as large-scale computers or electronic enterprise’s business sector, the destiny of it may be guaranteed.
In fact, in the last 3 years, Nokia continued to lower profitability. Nokia’s Olli-Pekka Kallasvuo to take over the board want to give a clear answer: to sell Nokia phones, or rehabilitation of the Nokia phone? Poor low-end market
Currently Nokia does not throw in the towel. Olli-Pekka Kallasvuo, said, ‘the Middle East, the Gulf region and Africa the momentum of mobile phone demand, as we saw in 2078 before the market in Asian countries, like the case earlier, but also, and Latin America the same situation a few years ago. We really are benefiting from a relatively healthy market growth. In January 2005, many analysts view and we are inconsistent, they say that this year will be different from the previous two years of healthy growth. You no longer hear the kind of comments. We have revised upward our monthly sales data. I felt he could not feel, that is, in turn have had pretty good growth next year. ‘
Merrill Lynch stated in a recent research report publishe
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