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Nokia's chief envisions a dual-SIM future in India and China, remains uncommonly silent about Europe
When speaking at Nokia's Annual General Meeting, CEO Stephen Elop identified the company's burning desire to strengthen its dual-SIM portfolio, citing the feature's strategic importance in India and China. During the speech, he announced Espoo's first dual-SIM phone (likely the C2-06) will ship by the end of June, while failing to mention its true "first" offerings, the C1-00 and C2-00, were released in 2010. For travelers who must contend with network fragmentation, dual-SIM functionality allows users to easily switch among carriers while moving about. The feature is also getting noticed in Europe, too -- though it's unclear whether you'll begin seeing Windows Phone pursuing double lives. Should Elop decide two SIMs have a future in Nokia's smartphones, we're pretty sure he'll be able to twist Ballmer's arm. [Thanks, Nisse]
Nokia shareholders and unions fight back against Microkia
Nokia shareholders are not very happy right now with NOK taking a 25 percent hit since the announcement of the Microsoft marriage. Stephen Elop, Nokia's first foreign-born CEO, is taking heat on multiple fronts even as he prostrates himself to the media in hopes of getting his message out. Already, we've heard numerous conspiracies calling Elop a "trojan horse," sent by Steve Ballmer to sabotage Nokia from within. Conspiraloons are quick to point to records showing Elop holding a significant number of Microsoft shares -- a situation that Elop says is temporary (and outdated) having already sold a majority of his Microsoft position with plans to sell off the rest in favor of Nokia stock just as soon as he's free to do so under regulatory moratoriums meant to prevent insider trading. Nevertheless, Nokia will be facing at least two very real showdowns on its near-term horizon. First, will be a battle with the Finnish trade union Pro which is demanding €100,000 (in addition to severance payments) for every Nokia employee that loses their job under Elop's new strategy -- money the unions says will be used for reeducation. The union estimates that Nokia could cut as many as 25% (5,000 people) of Nokia's 20,000 workers located in Finland. The second major hurdle facing Elop, and the board of directors that appointed him, will come at Nokia's Annual General Meeting for shareholders. Already, a cabal of nine frustrated shareholders have been grabbing attention with its "Nokia Plan B" proposal to oust Stephen Elop and return Nokia to a MeeGo focus giving Symbian a five-year minimum reprieve. The group has since disbanded after its plan was rejected by institutional investors. Nevertheless, we don't expect Symbian / MeeGo fans and developers to give up without a fight, and we expect Helsinki Fair Centre's Amfi Hall to be center-ring when the event kicks off on May 3rd in Helsinki.
