跳到主要內容

Days of Stephen Elop in Nokia

In fact, not only did phone volumes fall 21% year over year in the recent quarter, worse is the company's device operating margin, which now stands at an abysmal minus-1.5% after a 32% drop in device revenue. When Elop arrived, device margins were in the high single-digits. Elop's response regarding eroding market leverage has been to cut more costs. But when has this strategy ever worked? Companies that are competing for market share have to spend to grow -- they don't save their way into more sales.
Fixing Nokia With or Without Elop

Equally egregious is that Elop seems stubborn in the idea that Windows remains what's best for Nokia. This is while he's ignoring the winning formula laid out by Samsung which has soared to the number one spot in worldwide sales -- thanks (in part) to the global adoption of Android. Elop's resistance to change is unforgiveable. Yet, Nokia investors insist on being patient. That's all well and good. But patience has its limits.

I will excuse the notion that Elop couldn't anticipate that marrying Microsoft was going to paralyze Nokia against Apple iOS and Google's Android, which now holds more than 70% of the global mobile market share. But what's the excuse today? Clearly, Windows Mobile is not the future. Nokia should call Google today and inquire about converting a couple of its phone models to Android.

This will give Elop the latitude Nokia needs to offset weakness in Windows. Until then Nokia won't even be able to compete against BlackBerry, much less Apple and Samsung. As much credit Elop deserves for the bottom-line improvements by virtue of the cost-cutting, the top line is where it matters the most. And it's that Nokia start operating again as a tech company, and not as a company that is preparing to sell itself by fixing its books.
Also see: Long-Term Care Insurance 101 >>

Nokia bulls will likely argue that I'm being too hard on Elop. I will admit that this situation is not entirely his fault. Although he has mismanaged several critical opportunities, Nokia's board, which decided to go the "safe" route with Elop as CEO, deserves as much of the blame. Instead of a "safe pick," the board failed its investors by not making a "courageous pick" as Yahoo! demonstrated with Marissa Mayer.

In the meantime, Nokia investors have to wonder how long the company can survive given the rate at which its global market share is still eroding. Nokia's first quarter earnings report highlighted Elop's best asset -- he's a great CFO, nothing more. That's not what Nokia needs. While the company's cash flow is certainly improving, Nokia is still spiraling out of control.

 As much as I've wanted to like Nokia's prospects as a good turnaround candidate, it doesn't appear as if this is a story that's going to end well unless the company finds a risk-taking CEO with a chip on its shoulder. I believe Scott Forstall is available. Don't you think he has an axe to grind with Apple?

留言

這個網誌中的熱門文章

越南香草

Ngo ~ "N-gaw" Mui ~ "Moo-ee" Ngo ~ "N-gaw" Mui ~ "Moo-ee" Ngo ~ "N-gaw" Mui ~ "Moo-ee" Ngo (N-gaw) ,  Mui  (Moo-ee )  Cilantro Ngo Gai (N-gaw guy), Mui Tau (Moo-ee Tao), Ngo Tau (N-gaw Tao)   Mexican Coriander,  Sawtooth Coriander, Culantro    娥女帝(拼音), 刺芹   特徵:娥女帝是短株形的植物,氣味清淡,葉邊呈鋸齒形,十分容易辨認。來源地:越南。 功效:和白夏差不多,娥女帝亦有祛濕、解毒及驅風的療效。建議食法: Pho,  (Bánh Xeò) 越南煎餅, 炒菜,湯,咖哩 Ngo Gai ~ "N-gaw guy" Mui Tau ~ "Moo-ee Tao" Ngo Tau ~ "N-gaw Tao" - See more at: http://vietworldkitchen.typepad.com/blog/vietnamese-herb-primer.html#sthash.I9rzkzwI.dpuf Rau Ram (Rau Rahm) Vietnam Coriander, Laksa Leaf, "Vietnamese mint(actually not a mint)" Peppery, quite spicy. In salad Hung (Hoong), , Hung Lang (Hoong Lang) Spearmint.  Vietnamese coriander Hung Lui (Hoong Lou-ee), Hung Diu(Hoong Zee-ew) round mint used in salad Hung Cay (Hoong Kay) Mint Rau Que, Hung Que (H...

沖田博文 Hirofumi Okita 60cm F3.25 dobsonian telescope

  the making mirror from Mike Lockwood webpage   youtube uwakina bokura other ATMers in Japan blueforest anettai  

劣質洗衣機入水喉

上面白色是最易找到,$2x. 但漏水. 灰色, $4x, 是假冒 "MADE IN ITALY"  假冒 "MADE IN ITALY"  的標緻  左面是白色膠喉的喉頭, 右面是灰色膠喉的喉頭, 上圖左面是真正 好貨 ( MADE IN ITALY )灰色膠蓋.右面是冒牌 白色膠蓋. 膠蓋在安裝扭緊時爆開  上圖左面是真正 好貨 , 標了其他規格.右面是冒牌, 單單印了 MADE IN ITALY  好貨的膠蓋是可以下移, 露出喉頭及黑色軟膠墊 黑色軟膠墊是有坑紋. 質感較柔軟. 緊後可以"迫實"水龍頭 及喉蓋, 沒有滲漏 正板 MADE IN ITALY 賣 $4x, 價錢絕對合理. 冒牌貨在旺角新填地街買的, 也是$4x. 真是要小心!!! NB: MADE IN ITALY 是否真正 意大利制造實在無從考 証