A hard-pressed government in Nokia is expected to have to do something with the company's poor market development.
Since Apple launched its iPhone three years ago, the Finnish mobile giant break 67 percent on the stock exchange. In the summer of 2007 was their share price almost 21 euros. Today the exchange rate only 6.83 euros.
The decline corresponds to values for 480 billion, according to Financial Times. Just this year, the stock price plunging 25 percent. Besides the iPhone is the Nokia hard pressed also by Android-based smartphones. Nokia does not really succeed with a smartphone since they launched the N95 for four years. When there is little consolation in the fact that the company is still the world's largest mobile manufacturer in terms of number of handsets sold. It's cheaper models that the company rule.
Board of Directors of Nokia has always supported the chief executive Olli-Pekka Kallasvuo, but have replaced many of the top. From the beginning of the year was the financial director replaced, while parts of the corporate management was scrapped in May.
- In my view, should the Board of Nokia traded yesterday, "said Vlad Clara Pict Asset Management, which is to manage investments for 144 billion dollars, including investments in Nokia, to the financial newspaper Bloomberg.
Argus Research analyst James Kelleher told Bloomberg that he expects Kallasvuo imminent departure.
The Swedish telecommunications analyst Helena Nordman-Knutson at Öhman told the newspaper that a solution could be CEO Olli-Pekka Kallasvuo new chairman, if the current chairman Jorma Ollila choose to set their place at their disposal.
One of the biggest challenges to Nokia, their dual commitment to operating to the most advanced mobile model. The company has invested huge amounts on Symbian, but recently it was announced that Nokia Symbian rejects their upcoming flagship.
Instead, Nokia bet on the new Linux-based option meego, which the company is developing jointly with chip giant Intel.
