The Verizon deal is just one of the shortfalls this company has experienced since taking over Alcatel-Lucent. It was a good ride ride now its time to find another job with a company that has a future.
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"the Finland gov't will do what it can to keep Nokia in business for a long time. " I remember people saying that about the Canadian gov't and Nortel. It was not a fun ride to the bottom for them and I don't think it will be fun at Nokia as they descend into oblivion.
Nokia products are pieces of garbage!!! Too many bugs and nokia engineers always tell the customers the issues will be fixed in the next release and the fact is there are more bugs coming in the next release. Verizon and AT&T are smart and moved to other vendors. T-mobile Just wants to save the money at this time, so T-Mobile does not care and still select Nokia at this time.
It doesn't matter how many contracts Nokia has. The products are pieces of garbage. Too little time and too few people. We are not allowed to hire in the U.S. and by the time we start a project, we are behind the competition by a year or more. Nokia is a very reactionary company. They have no foresight. The product development cycle has been chopped down to bare minimum. Proper testing isn't done. When protos are ordered from the factory, maybe a handful are given. This is an expense and we cant afford it. So any one Engineer my test 2 or 3 units. Once you get some issue corrected you will not test the solution on 20-30 units. Maybe you will test on 1 or 2. Mobile Networks is ran by Salesman. They don't care about quality, reliability or real Engineering. Just pump it out. This is what caused the loss of Verizon. We shipped products that were not ready. Hoping to do the last 20% of Engineering in the field. Well, it caught up with us.
Nokia will loss more and more business from AT&T and T-mobile soon, let’s see.......
There is no making up for the loss of a 6B+ deal.
Fat to be trimmed in the USA??? Workers in the USA are earners not socialist takers!!!
Feel sorry to new CEO, it is toooooo late!
Who ever posted this doesn't know anything about Finance. Have you taken a look at the Q3 results. Nokia has $1.9B in cash. Sure, sales are down due to the loss of Verizon, but they are also winning contracts to make up for that loss. Next year is going to be a great year for Nokia with 80+ 5G contracts and removal of expensive components from the board. Pekka has already started to trim the fat at the top (especially from US/India). It makes perfect sense, if majority of the 80+ contacts are outside of US, then why keep majority of the leadership in US. It's a no brainer. Keep it simple, don't lose focus, and deliver a quality product at low cost in the agreed time frame that is custom for the customer. If the customer is happy and able to trust you, then the customer will order more from Nokia. Suri was an outsider, but Pekka is from Finland and the Finland gov't will do what it can to keep Nokia in business for a long time. I wouldn't be surprised if Verizon decided to make a u-turn and ask Nokia to be a suppler of 5G products. With Apple now in the picture, Verizon will re-think. Let's hope I'm correct for Nokia's sake.
https://www.gurufocus.com/term/zscore/NOK/Altman%252BZ-Score/Nokia%2BOyj
Almost there.
100% true.
Microsoft would be buying a dead horse in Nokia. What do they have? Substandard products? Their great relationship with Verizon? They got rid of the whole US team that supported Verizon for decades and replaced them with a man that could not utter two words together in English. They rammed through the swap out of Lucent hardware for the great Nokia 4G product that was not ready for prime time in a Tier I telecommunications company. Sure T-Mobile, not VZW. It was tough having VZW as our customer, they want a lot of features and other things and we bled to make it happen. NOK's approach was "We don't do this for our other customers". Now they are swapping out the NOK Airscales for nice solid Samsung equipment. All the US people have been laid off or resigned. Talent fushed down the toilet, relationships built over decades tossed in the garbage.
Everything Microsoft touches turns to c-ap. Good luck.
I believe the Microsoft purchase is related to this.
https://fcw.com/articles/2020/09/21/defense-spectrum-sharing-rfi.aspx
Where do you think most jobs would end up if Microsoft or Intel bought Nokia? Not in USA, that's for sure. They like to outsource most of the work to India.
Some more food for thought.
https://www.forbes.com/sites/barrycollins/2020/10/05/microsoft-in-the-frame-to-buy-nokia-again/?fbclid=IwAR3ZGtBXV9DhGtuQOiqyYXgt50PbdDtYdosVgrsZHAijB3cP2f4Hua1ORqE#175e7fd87228
It is a real bad news for Nokia - https://www.cbsnews.com/news/h1-b-work-visa-trump-overhaul-restrictions-foreign-guest-workers/
In the last couple years, Nokia laid off us citizens, green card holders and hired the cheaper labors from India, the most lowest level managers are from India and they did the great job to hire cheaper labors from India with H1 visa.
Return Rajeev and ask for a refund.
The toot toot is senior management after a China junket.
All aboard the NOKIA train get your end of line pass now. Ride will be a short one.
Toot Toot
Would you put all your marbles in one bag just to see what happens?
https://www.thelayoff.com/marvell-technology-group
Nokia to support Telefónica’s 5G deployment across Spain
https://finance.yahoo.com/news/nokia-support-telef-nica-5g-080000806.html
Nokia will continue its long-standing partnership with Telefónica as the only vendor to supply 5G radio technology to all of its 5G operations across Europe.
Nokia is still around?