OlliPekkaKallasvuo
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Nokia looking for new CEO to replace Olli-Pekka Kallasvuo, says WSJ
It doesn't come as a complete surprise, but the Wall Street Journal is reporting (care of "people familiar with the matter") that the search is on for a new Nokia CEO to replace Olli-Pekka Kallasvuo. Investor confidence and falling stock prices are to blame as the company has had -- and we're being nice here -- great difficulty competing in the smartphone market against the likes of Apple and Google. Espoo isn't commenting on the matter (yet), but we'll keep you up to date. Better start updating that resume now, dear reader.
Nokia CEO Olli-Pekka Kallasvuo being replaced to soothe frustrated investors?
Well, here's a surprise: Reuters says Nokia might consider replacing CEO Olli-Pekka Kallasvuo in order to please unhappy shareholders who don't see the cellphone giant effectively competing in the smartphone market. The report is mostly based on analyst chatter and doesn't provide any hard sources, but we've certainly seen analysts swarm around blood in the water like this in the past, so it's not totally out of the question -- especially given core concerns about Symbian^3 delays, stagnant profit growth, and (uh oh) competing against the iPhone. What's more, OPK pledged to build up Nokia's US presence when he took over, and he's obviously failed to deliver on that promise -- US marketshare has fallen from 20 percent to 7 percent, prompting one analyst quoted in the Reuters piece to wonder if "Nokia really has the desire to fix the problem." Ouch. That's a lot of big questions with no easy answers -- OPK is scheduled to speak to shareholders next week, we'll see what he has to say.
Nokia N900 is now shipping!
Nokia's Maemo-based future has begun: the N900 is shipping. According to Nokia CEO, Olli-Pekka Kallasvuo, the eagerly awaited handset is now en route to at least some pre-order customers. We'll soon see if this new generation of Nokia smartphones will be enough to generate the type of mass-market / high-margin appeal that Nokia needs at the top end of its product portfolio or if it's just a tentative first step on a potentially wobbly new platform. Update: Nokia's official blog says to expect the Maemo 5 device to land in "Europe, the Middle-East, Russia and North America" shortly. However, it won't be compatible with the new 3G SIM cards from 3 in the UK, Ireland, Sweden, Denmark and Austria until a software update hits sometime later this year. [Thanks, Juhana J.]
