Seems like Elop stayed true to his nickname - of a trojan horse. He never really worked for Nokia. He's been working for Microsoft the whole time, just to sell it for this low price.
How the hell are the shareholders okay with this? I'm shocked it sold for under $10 billion. Nokia's total valuation is about 15 billion, and you'd have to imagine they'd have to pay a 30 percent premium when buying it, so that's $20 billion for the whole. I assume the devices division was worth at least half of that. Didn't Nokia already sell the telecom part?
Presumably Nokia's management thought they were getting a good deal for the devices business, since its long-term value to Nokia seems to be approaching zero.
Now if you ask: was Windows Mobile all a plot to blow up Nokia? That's an interesting question. I can't confirm that.
That's what I thought when Elop went to Nokia and even in hindsight it seems to be the case. As a share holder, I definitely would ask questions. It seems hard to prove though; their market was falling anyway, but there are a lot of what ifs: like if they would've done Android, continued with their own OS but made it really open etc.
How the hell are the shareholders okay with this? I'm shocked it sold for under $10 billion. Nokia's total valuation is about 15 billion, and you'd have to imagine they'd have to pay a 30 percent premium when buying it, so that's $20 billion for the whole. I assume the devices division was worth at least half of that. Didn't Nokia already sell the telecom part?