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Nokia's Board of Directors reportedly summoned to Finland; discussing the company's future?

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Things are really starting to pick up regarding rumors of Nokia's futurity. It all started with Huawei making what at the fourth dimension seemed similar an absurd offer-of-interest to buy Nokia, followed by a Wall Street Periodical article detailing a failed Microsoft purchase and peaked with i of Finland's largest papers detailing how the company could be broken up.

At present, Finnish national broadcaster, YLE, is reporting that Nokia'due south Lath of Directors accept been summoned to Finland for a meeting on Wednesday and some were even on standby for a carryover meeting on Thursday.  YLE notes that they were "…preparing key decisions on the time to come of the visitor", which are expected to be finalized by the July 18th interim written report from the company.

From the tone of the article, this does non audio like a normally-scheduled meeting, just rather impromptu, signaling something perhaps more dramatic ocurring backside the scenes.

Nokia CEO Stephen Elop

We should also notation that Joe Belfiore, corporate vice president and director for Windows Phone Program Direction at Microsoft, is "on vacation" in Republic of finland right now, visiting Nokia correct at the aforementioned fourth dimension. In a not-so-surreptitious disclosure, Belfiore said the following on Twitter:

"I'k actually on vacation... that's why then placidity lately... but stopping in to visit Nokia this calendar week…I won't be at build side by side week... am "stuck" in Europe."

Just this morning, Belfiore posted a photo of Kevin Shields, SVP of program and product management for Nokia smart devices, in Epoo, Finland.

Belfiore pic
Nokia SVP Kevin Shields, in Finland, taken by Joe Belfiore

Now usually, we wouldn't make too much about Belfiore beingness in Finland, later all, nosotros imagine it is part of his task to work with Microsoft'due south largest partner on Windows Phone and that includes trips to Nokia on occasion. Plus, it'due south not similar he would be there to negotiate or sign a deal on behalf of Microsoft—that's just not his role.

Simply Belfiore could be serving every bit some kind of guidance to the Board if they are discussing options for the company going forward. If there is anyone who does speak for Microsoft virtually Windows Phone and its time to come, it'south Belfiore.

Much ado about nil?

Putting all of these stories together, we can't help just use the one-time aphorism "Where's at that place's fume, there's burn". Nokia could exist discussing everything from selling to another OEM or breaking off the Siemens joint-venture, something that has also fabricated the news this week. Indeed, we would non exist surprised if it is the Siemens sale that is taking priority as opposed to say, Huawei ownership out Nokia birthday, which nosotros think is unlikely.

It seems clear to united states now that something is happening at Nokia for all of these rumors and stories to exist coming forrad at the same time. What is far from obvious though, is what it all means.  For now, we'll lean on best-example scenario that the Nokia Siemens Networks (NSN) venture will simply have a new twist, later in July, rather than something more than dramatic like the company changing hands or Nokia CEO Stephen Elop beingness replaced.

Source: YLE, @JoeBelfiore; via Nokia Gadgets; Thanks, tissotti, for the tip!

Source: https://www.windowscentral.com/nokia-board-directors-summoned-finland-sale

Posted by: pickneywastione.blogspot.com

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