Jolla
Perhaps they should buy Jolla.
Nokia Oyj begins a new chapter in its 149-year history today with new CEO Rajeev Suri – and a massive pile of cash in the bank. Last week the venerable Finnish industrial combine finally cast off the mobile phones division that made Nokia a household name across the world. What's left at Nokia today is an oddball combination …
They'd be better off investing in trying to figure out what the "next big thing" is going to be. Rather than waste money on an almost entirely saturated market that has only 3 (count them) profitable handset makers. Maybe there is room for an Android style affair where they sell their software* to samsung et al, but for goodness sake don't get back into the handset business.
* Nokia maps for android/ios would be a good start.
That would be a waste, as the Nokia name still has strong brand image in places like India, where I hear, all mobes are referred to as 'Nokias', and people say things like 'I'll call you on my Nokia.'.
How confusing would it be there then, if the company suddenly decided to move into say, womens toileteries... 'You'll call me on you What???"
Because its now officially shit.
"It's using this cash pile – which is bolstered by the €5.4bn it finally received from Redmond – to hand out €3bn in dividends to shareholders,"
The plans are to pay the divident at the beginning of July. This coincidentally is the month most Finns take their summer vacation, so the Finnish shareholders (like me) get a nice boost to the holiday budget.
They should rather invest in new businesses than sharing out dividends. When your turnover sinks like Itanic and your balance gets deeper in the red for every quarter it doesnt look good giving out dividends. Why not use it to subsidies a really dead cheap Iphone/Galaxy killer. A S5 specalike with a 42MPixel camera for $100. I believe you would really get quite a markedshare then.