Are Nokia Investors Itching For A New Executive Regime?

Olli-Pekka Kallasvuo

Nokia (NYSE: NOK) may be the largest handset maker in the world, and lay claim to 40 percent of the smartphone market, but investors are unhappy that the economic recovery seems to be passing them by.

The unrest could result in a replacement for Nokia’s CEO Olli-Pekka Kallasvuo in the near future, Reuters reports. Several analysts believe that a new leader would allay investors’ concerns.

Last week any uneasiness about the company’s future gained momentum when Nokia said it was delaying its next-generation operating system. And this week, its chances didn’t improve after another well-funded powerhouse was formed after HP (NYSE: HPQ) purchased Palm (NSDQ: PALM).

To be sure, there’s no hard evidence that a management change is occurring anytime soon. But it does seem to be a sentiment shared among several analysts.

Alan B. Lancz, president of wealth management firm Alan B. Lancz & Associates, which holds Nokia stock, told Reuters: “Symbian 3 really concerns me. If next quarter we see these delays and declines in margins — the management will feel more and more pressure.” Independently, Gartner’s Carolina Milanesi, said a management change: “feels like it would please the investors.”

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