TimoIhamuotila
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What's next for Nokia? Here maps, network infrastructure and 'advanced technologies'
Now that Microsoft has the reigns to Nokia's devices and services business, what's the company going to do with all that spare time on its hands? It's keeping busy, it seems. Outlined in a separate announcement from Espoo, Nokia is going to play to its existing strengths, continuing to develop its Here maps platform, with the aim of becoming the "leading independent location cloud platform company, offering mapping and location services across different screens and operating systems." In the slightly more straight-laced (but profitable) world of network infrastructure, Nokia's NSN will continue to develop and build LTE networks and, well, whatever comes after that. Which ties in neatly to Nokia's third focus: advanced technologies. The company aims to continue exploring "new business opportunities," continuing to research and develop concepts involved in connectivity, sensing and material technologies -- possibly along the lines of concepts devices we've seen from Nokia in the past. This is also the same arm of the company that'll keep an eye on Nokia's patent portfolio. The company is unsurprisingly bullish about its future, with its new interim President, Timo Ihamuotila, reckoning the deal will make Nokia's financial situation "significantly stronger."
RIP: Symbian
This slide was just presented by Stephen Elop and Nokia CFO, Timo Ihamuotila, at Nokia's Capital Markets Day. Although there's no date listed, it's clear that Symbian -- a "franchise" OS that Nokia will "harvest" -- will be wholly consumed by Windows Phone on Nokia devices just as soon as Nokia and Microsoft can complete the transition. It won't be immediate, but it seems like 2012 will be the year that Nokia pulls the cord on life support. Regardless of the actual date, who in their right minds would invest their development time or consumer dollars in a smartphone OS that has no future within the company? One more slide showing the post-Symbian reductions in R&D spending after the break.
Nokia plays musical execs, moves CFO to new Mobile Phones post
There's nothing quite like a dismal quarterly report to shake things up, and that's exactly what Nokia's doing after losing over $800 million in its most recent three-month period. CFO Rick Simonson is being whisked over to a new post as head of the Mobile Phones group -- concentrating on Series 30 and Series 40 handsets -- within the Devices division, while Timo Ihamuotila, who currently leads up global sales, will take over for the CFO position being vacated by Simonson. For what it's worth, the move doesn't seem like a demotion for Simonson; he'll be in charge of "strategic sourcing" for the entire Devices division and still sit on the executive board, so we're sure he'll be doing alright for himself. All things considered, there's no way of knowing whether this would've all gone down without the quarterly performance, but it makes you wonder, doesn't it?
