Hello together,
I bet you already heard about the Microsoft-Nokia deal and about Nokia's new strategy of using Microsoft Windows Phone 7 as their major (and in fact only) smartphone OS instead of the free software OS MeeGo. You might say now "But we still have Android in the mobile sector" --- and you are partly right. I do not dislike Android. But Android cannot do what MeeGo could (have done): creating a free software ecosystem ranging from the desktop, to netbooks, tablets, embedded systems (e.g. in cars), and smartphones = pushing free software to the end user mainstream.
See: http://www.micuintus.de/2011/02/12/the-death-of-the/
BTW: Did you know that the new trojan Nokia CEO, Stephen Elop, is the 7th biggest owner of MS stock? 3.18 Miollion $! http://mge.bz/3f Is he working for Nokia or is he working for Microsoft?
Kind regards micu
micu micuintus@gmx.de writes:
BTW: Did you know that the new trojan Nokia CEO, Stephen Elop, is the 7th biggest owner of MS stock? 3.18 Miollion $! http://mge.bz/3f Is he working for Nokia or is he working for Microsoft?
A Finnish newspaper says that this is due to a law that forbids the use of inside information when buying company shares:
"Arvopaperimarkkinalaki eli pörssilaki kieltää yhtiön sisäpiiriläisiä käyttämästä hyväkseen julkistamatonta sisäpiirintietoa omissa kaupoissaan. Nokiassa on tulkittu, että Elopin suunnittelema Nokian strategiamuutos oli sisäpiirintietoa viime perjantaihin asti."
-- http://www.hs.fi/talous/artikkeli/Nokia+P%C3%B6rssilaki+esti+Stephen+Elopin+...
I think the law that they are referring to is
http://www.finlex.fi/fi/laki/ajantasa/1989/19890495
which has an English translation at
http://www.finlex.fi/en/laki/kaannokset/1989/en19890495
"CHAPTER 5 (13.5.2005/297) Provisions on market abuse Inside information Section 1 (26.10.2007/923) Inside information shall mean information of a precise nature relating to a security subject to public trading or to multilateral trading which has not been made public or which otherwise has not been available in the markets and which is likely to have a material effect on the value of the said security. The provisions of subsection 1 shall also apply to a security: 1) which is subject to trading corresponding to public trading in another EEA Member State; 2) the admission to public trading or to trading corresponding thereto in another EEA Member State of which has been applied for; or 3) the value of which is determined on the basis of a security subject to public trading or to multi- lateral trading or on the basis of a security referred to in subsection 1 or 2. " ...
Hey Timo et al.,
A Finnish newspaper says that this is due to a law that forbids the use of inside information when buying company shares:
Since Mrs Google isn't able to translate the Finnish article too well, please find an English article about that incident here:
Nevertheless, why didn't he sell the stocks before he applied at Nokia? He says, he's gonna sell his MS stocks and buy Nokia stocks instead. After the Elopocalypse, isn't the set of Nokia stocks a subset MS stocks set anyways?
But there are much more facts that indicate that this Elopocalypse deal is not only a serious setback for free software, but also bad for Nokia on a pure capitalist level, and hence there is something really sticky about this MS-Nokia deal:
* Stephen Elop has performed a similar thing before: Selling out Macromedia to Adobe "from the inside": http://piacentini.blog.br/2011/02/elop-is-after-me/
* Maybe it isn't even a 100% bad idea for Nokia at the moment to announce a WP7 and/or Android phone in addition (why not?). But why this exclusiveness with Microsoft? Why did Nokia put itself completely and utterly at Microsoft’s mercy? They have Qt, they have Symbian, they have MeeGo,...
* The circumstances, under which Stephen Elop was selected in September 2010, are quite a bit mysterious: http://nexus404.com/Blog/2011/01/26/finnish-newspaper-reports-that-american-investors-forced-nokia-to-hire-stephen-elop-nokias-new-ceo-is-the-first-non-finn-in-the-companys-history-but-new-report-claims-that-nokias-hand-was-for/.
* Alberto Mardegan, a Nokia employee, reports that MeeGo is ready and not an R&D project: http://blog.mardy.it/2011/02/committed-to-linux.html. There are more sources indicating a MeeGo device could have been ready and great at the end of 2010 if Elop didn't torpedo it ("setting the platform on fire"): http://communities-dominate.blogs.com/brands/2011/02/nokia-autopsy-on-meego-one-last-look-back-before-we-look-forward-on-the-new-nokia.html.
* Elop has already signed a MS-Nokia deal before, but he was on the other side that time: https://www.microsoft.com/presspass/press/2009/aug09/08-12pixipr.mspx.
The whole thing really stinks and makes me even sad, I have to admit.
Kind regards, micu
YEAH, there seems to be some movement going on:
We are a group of nine young Nokia shareholders. All of us have worked with Nokia in different capacities in the past. We plan to challenge the company’s strategy and partnership with Microsoft in the next Annual General Meeting scheduled for May 3, 2011.
Hallo,
On Mon, Feb 14, 2011 at 10:01:38PM +0100, micu wrote:
YEAH, there seems to be some movement going on:
...
Not really:
there are no 'nine young investors', just one very bored engineer who really likes his iPhone
in case it's not 100% clear by now: #NokiaPlanB is a hoax
Best wishes Michael
Hi there,
here http://h-online.com/-1194928 you can find an interesting and sharp analysis of the Nokia Maemo MeeGo disaster by Richard Hillesley --- although I certainly do not agree with him on every aspect.
Regards, micu