On the heels of its decision to exit the optical networking business, Nokia Siemens Networks looks like it’s in further trouble, with a contract loss blamed for more job cuts at the company. On December 3, NSN announced that its optical networking division is to land in the hands of a private equity group, Marlin Equity Partners …
The name is now cursed.
Slimmed down so much they will only be selling imaginary virtual mobile phones by the end of the year.
err, Nokia Siemens Networks sells no mobile phones, real or virtual. They're in the business of selling network infrastructure. Nokia & Siemens just happen to be the shareholders, and the results do get reported as a line item in the Nokia quarterly results.
NSN, IMHO, made a big mistake in acquiring Motorola Networks (particularly for the amount they paid) - they received nothing other than a pig of a job in merging the product lines (read that as "canning the Motorola product lines") and the Huawei lawsuit blocking the acquisition caused great harm to the revenue stream from the Moto side of things (and they weren't that healthy to start with). The only upside for NSN I could see was access to a potentially lucrative LTE contract in Asia, and a possible additional way in to the N. American market (which didn't seem to work out so well for them).
The merger of Siemens Networks and Nokia Networks was a disaster for the customers as well as the Siemens staff.
Speaking as one of many ex-employees, it didn't do the ex Nokia Networks folk much good either.
Probably true, but it was very bitter NSN "Siemens" folk that I met in Munich. I think it was Munich. There was an airport, airplane flight, a bigger airport, a drive and then a large German city (I guess German based on the signage).
Frightening that nowadays when you travel the Hotels and Airports all seem as if they use the same catalogues and there are all the same shops. Apart from USA, UK, Israel, Japan and some Arabs* everyone seems to use the same money now too. :-) Since the Arabs and most of the Asians seems to sell in US Dollars they must not trust their own money. I'll believe US is really in Trouble and Euro really succeeding when oil is priced in it. With Europe's luck that will be about a month before Arab oil runs out.
We have no Asda or Poundland here, I was in a "Foreign" place and Poundland was identical to local "Dealz" and Asda seems very similar to Tesco. Except they had a Polariod TV for sale. Why does someone think recycling name of a dead Instant film company to sell an obsolete TV is a good idea? (no HD reception on the TV).
- Geek's Guide to Britain INSIDE GCHQ: Welcome to Cheltenham's cottage industry
- 'Catastrophic failure' of 3D-printed gun in Oz Police test
- Game Theory Is the next-gen console war already One?
- BBC suspends CTO after it wastes £100m on doomed IT system
- Peak Facebook: British users lose their Liking for Zuck's ad empire