In less than 3 years he has thrown out an OS and the costs that go along with it. He has hooked up with the biggest software company on the planet. NOK has agreements with MSFT, IBM, Qualcom etc. etc.
He has snuk in behind Apple, Samsung, Google etc. in every country on the planet and made strategic agreements that are just now coming to fruition. Through NSN they control what your phone can do and they know the next great advancement in technology. Through HERE they can tell you where it is happening and when. The best part is everyone who sells a phone pays them a royalty.
Conclusion: Elop is either a very lucky man who stumbled into a great job at the right time and he is fat, dumb and happy or he and a bunch of other really smart guys sat down with what they had and figured out how to leverage it into the biggest tech company on the planet.
I believe the latter and we will see this unfold over the next couple of years.
Sentiment: Strong Buy
It does not take a genius to take a 40 billion dollar company and turn it into a 14 billion dollar company. There still remains a huge hole to climb back to even steven. When Elop took over Nokia was no 1 in all these emerging markets, it is not Elop that "discovered" these markets. Going MS may prove to have been a good move but it is not certain yet, and besides it is clear that if WP is ultimately successful it is due to Nokia's design and engineering combined with distribution and not because of MSFT, so paying MS to help MSFT sucseed is dumb. Android was free to use and popular, as evidenced by Samsung. So we will never know what if Nokia used Android. Here/Navteq was purchased in 2008 so Elop has zilch to do with it. NSN was there before Elop. Most smart people will take luck over brains in business, Elop has not proven brains but he may get lucky yet.
Sentiment: Strong Buy
In less than 3 years Elop took Nokia from the number 1 smartphone maker to dead last.
In less than 3 years Elop took Nokia from being highly profitable to losing billions and to the point of bankruptcy and the need to dilute to stay alive.
In less than 3 years Elop took Nokia from a global namebrand to a shameful brand where in countries like china sales have dropped off a clif.
In less than 3 years Elop has taken Nokia from a fully self sufficient company with huge profits to the brink of bankruptcy and the need to sell its own headquarters for what used to be peanuts just to avoid bankruptcy.
In less than 3 years Elop has laid off tens of thousands of Nokia employees.
In less than 3 years Elop killed Symbian - he actually killed Symbian in less than 18 months - the fastest death of any consumer product in the history of mankind.
In less then 3 years Elop took Nokia from $12 per share to $1.78.
In less than 3 years and a nice $1 billion approved share buyback program Elop has bought back ZERO shares and on the contrary he's actually diluted shareholders to the tune of 350 million shares.
And oh there's more but I think that's enough credit. I do believe in giving full credit and while Eflop does deserve some good credit for the few things he's done well it would be irresponsible and pump-ish to forget and not mention the absolutely destructive things Elop is fully responsible for.
All of The above are FACTS. The buck stops sight he CEO. Before you whine and moan please, please, just fire the Eflop if you don't like it. And if you do like the above things then there's no reason to moan and groan about it.
Sentiment: Strong Buy
I'm certainly no eflop fan. I'm disappointed that the Vietnam plant won't be functional till 2ndH.
Eflop has to take responsibility for a launch, 2 years in the making, that had either supply or manufacturing capacity problems & perhaps both.
My expectations were the restructuring costs would end 1stQ but I'm concerned the 20F doesn't define their end & till the Vietnam plant is running, they are sure to continue.
There is no excuse that we should not have a 7% operating margin in the 4thQ for sale averages of all 3 units. Certainly the analyst do not share that expectation. In fact their expectations appear to be flat sales with poor margins. Some still have less than a $2 tag, so it is clear, perhaps 1/3 of the analyst have their interests on the short side.
If any of the pain eflop has placed on the shareholders is to be relieved, now is the time.
First Q is expected to be (.02) +/- .04
Break even or beating should be expected/demanded. Excuse time is over.
There is absolutely no reason that each Q going forth, shouldn't have higher sales with better margins. If this does not happen, both the BOD & eflop are incompetent.
All that said, MC, including the eflop affect, should be over $25B