http://gigaom.com/2004/07/15/nokia-going-down-down-down/ Business, Internet, Technology & Strategy Wed, 07 Jan 2009 17:08:07 +0000 http://wordpress.org/?v=MU hourly 1 http://gigaom.com/2004/07/15/nokia-going-down-down-down/#comment-2892 Damian Tue, 30 Nov 1999 00:00:00 +0000 http://gigaom.wordpress.com/2004/07/15/nokia-going-down-down-down/#comment-2892 Might be time for a change of leadership. I listened to this quarter's call and the last and the thing I noticed was how much less arrogant the CEO was. Clearly getting your butt kicked for two quarters may have done some good. But maybe they just need some new leadership - I mean here's a company that couldn't be in a better position from a brand perspective (until recently), and has a huge amount of cash on the balance sheet to give them a lot of options. The stock got pummelled this morning, but is already up off the floor - after all, with about $3/share, the company has to be worth at least $11-12/share. My solution: out with the CEO, out with the current design team and bring in a new set of designers (hell, hire away the whole team from one of the other companies) and get down to producing great phones again. That's the only solution - just make sure you don't hurt margins too much. Might be time for a change of leadership. I listened to this quarter’s call and the last and the thing I noticed was how much less arrogant the CEO was. Clearly getting your butt kicked for two quarters may have done some good. But maybe they just need some new leadership - I mean here’s a company that couldn’t be in a better position from a brand perspective (until recently), and has a huge amount of cash on the balance sheet to give them a lot of options. The stock got pummelled this morning, but is already up off the floor - after all, with about $3/share, the company has to be worth at least $11-12/share. My solution: out with the CEO, out with the current design team and bring in a new set of designers (hell, hire away the whole team from one of the other companies) and get down to producing great phones again. That’s the only solution - just make sure you don’t hurt margins too much.

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