Stephen Elop: “We’re Right Now, Today, Having People Work On The First Windows Phone Devices From Nokia.”
Nokia Corporation (NYSE:NOK) CEO Stephen Elop has revealed some interesting information through an interview with Reuters. “We’re right now, today, having people work on the first Windows Phone devices from Nokia. That work is already under way. If this was an acquisition scenario, that wouldn’t be possible,” stated Elop.
Nokia hired Elop last year to help the company stay relevant and now he is facing pressure at producing results through the partnership. Elop was a former Microsoft executive. Elop said that a full acquisition by Microsoft would not be of strategic interest. “To the extent that a partnership has been formed around what they’re really interested in, then what would an acquisition bring other than a good year of anti-trust investigation, huge turmoil, delays?” said Elop in an interview with Reuters.
About half of Nokia’s revenues come from basic mobile phones. “So there’s a team in place. It’s now a new team of my new leadership, newly minted in terms of their new roles. Now they have to perform,” Elop added. This news contradicts earlier reports that it would take until 2012 for the changes to take effect.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry