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.
If you elect us to a majority in the Nokia Board of Directors we will take the following concrete actions:
Immediate discharge of Stephen Elop from his duties as President and CEO of the company. Appointment of a new CEO with an international mobile industry background. The new CEO will be committed to carry on the rest of the actions listed below.
Restructure alliance with Microsoft as a tactical exercise focused primarily at the North American market. Release one or two Windows Phone devices under a Nokia sub-brand. Only if carrier acceptance, sales volumes and profit margins are satisfactory, consider releasing more WP devices and make them available in Europe. Windows Phone will not be the primary development platform for Nokia. The Nokia phones with Windows Phone operating system will simply take advantage of the existing developer tools and application ecosystem already put in place by Microsoft.
MeeGo will be Nokia’s primary smartphone platform. This is where the bulk of the innovation will happen. If MeeGo does not bring great devices to market on an accelerated pace, this strategy will not work. MeeGo smartphones and tablet devices will offer overwhelmingly superior experiences and applications than iOS and Android based competitor products. To reduce time to market, all MeeGo R&D will be done in-house and in a single geographical location. If necessary, suspend cooperation with Intel and concentrate resources on innovation and releasing new Nokia MeeGo devices to market faster.
Increase the lifespan of Symbian to a minimum of 5 years. Reap the profits of the existing market share and consumer preference that Symbian already enjoys in Europe and Asia. Increasingly use Symbian to target mid-tier and feature phone segments. Up-sell existing Symbian users to MeeGo. Focus Symbian efforts in specific countries in Europe, Asia and Latin America where Nokia and Symbian enjoy a high level of consumer goodwill and can be sold at healthy margins…
We’ll stop there.
Actually, this isn’t Plan B either. It’s a catechism. We’d point out the following: even a tactical (as opposed to strategic) Microsoft venture would suck up time Nokia doesn’t have, even as much else is stripped down to launch MeeGo ASAP.
And they’d still be tying up with Microsoft over Android.
Nice to see the resistance isn’t dead, though.
‘Nokia, our platform is burning.’ – FT Alphaville