Originally Posted by
petit plateau
The particular phrase was an accurate description of Nokia's situation. That they went on to make possibly the worst decision of all with respect to how to resolve it does not mean the diagnosis was wrong.
Indeed, Nokia's problems started long, long before Stephen Elop arrived. By then Nokia, like Kodak, was too far gone to survive.
Disclaimer: I was working for Symbian and we had just been acquired by Nokia a couple of years before. I remember very well when that memo hit.
Originally Posted by
petit plateau
We all know that in a post-Brexit environment the UK engineering sector is stuffed, just as almost everything else in the UK economy. Anyone who can is fleeing the b*****g p******m. This particular speech was, once again, an accurate description of RR's dilemma.
And RR got on the the wrong side of Brexit that cost them £4.4bn with their
GBP/USD exchange rate hedge