Hasta La Gadget!

The rumors were true. Nokia just announced a change in leadership: Olli-Pekka Kallasvuo is out, Stephen Elop, the current head of Microsoft’s Business Division, is in. That’s right, the very Finnish Nokia will now be led by a Canadian. Before Microsoft, Elop, a computer engineer by education, held senior executive positions at Juniper Networks, Adobe Systems, and Macromedia. The embattled OPK will vacate his position as President and CEO on September 20th and will continue to chair the Board at Nokia Siemens Networks. Money quote:

“His (Elop’s) strong software background and proven record in change management will be valuable assets as we press harder to complete the transformation of the company.”

Naturally, OPK leaves with a severance package honoring his 30 years of service. That translates to 18 months gross base salary and target incentive totalling about €4.6 million plus 100,000 restricted Nokia shares that will vest on October 1, 2010. Once again, proof that it’s good to be king.

Update: Click through if you’d like to gaze into the hopeful eyes of Nokia’s new CEO.

Update 2: Nokia just introduced Stephen Elop to the world in a live press conference (available now for replay) from Espoo. Jorma Ollila, Nokia’s Chairman and former CEO, confirmed that the CEO search had been ongong since late May and OPK, for his part, has been very professional and “very gallant” throughout the process. Jorma then praised Stephen for his “very strong cultural sensitivity,” a question that’s very near and dear to Fins concerned about a North American taking control of their beloved Nokia. Elop will be moving to Helsinki in the very near future and his first order of business will be to “listen.” Elop said that Nokia is well aware of the challenges it faces as well as the solutions to those challenges. It’s his job, then, to surface those solutions and to execute on them going forward. Understandably, Stephen refused to talk about specific next steps. Stephen did say that the North American smartphone market is absolutely critical to Nokia and will be an emphasis under his leadership (as it had under OPK, unfortunately, with poor results). Hopefully, Elop’s contacts in the US can help.

One final tidbit of interest. When Stephen sat down with Ballmer to express his intention to leave Microsoft for Nokia, Ballmer was said to be disappointed but supportive due to his respect for Nokia as a company. He even helped with the transition. Don’t you hate it when your stereotypes are debunked?

Continue reading Nokia’s OPK is out, Microsoft exec in as President and CEO (updated)

Nokia’s OPK is out, Microsoft exec in as President and CEO (updated) originally appeared on Engadget on Fri, 10 Sep 2010 01:41:00 EDT. Please see our terms for use of feeds.

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Wow, a mutant virus? This analogy may sound like a ringing bell for another cat fight on the playground, but Acer founder and retired chairman Stan Shih is actually semi-praising Apple here. Speaking at the launch of an Acer touch-themed design competition, Shih said that while Apple’s taking the “revolution” highway to tackle the PC market, Acer’s success has always depended on its time-consuming but more pragmatic “evolution” strategy, and it’ll keep doing so to lay the ground for the next 30 years or so. Here’s how China Times paraphrased Shih:

“Apple is like a mutant virus, escaping from the traditional structure of the PC industry, but the industry will still eventually build up immunity, thus further blocking this trend, and we believe the size of the non-Apple camp will exceed Apple’s, because this is how the industry normally evolves.”

Assuming the second half of Shih’s quote refers to the tablet market share, this certainly echoes the words of his good friend JT Wang. That said, this is also the man who’s boldly predicted that all American PC brands will be gone within 20 years, but there’s no promise that Apple won’t be kicking out a few more revolutions in the coming years. Anyway, doesn’t Acer have more to worry about for the mean time?

CE-Oh no he didn’t!: Acer founder characterizes Apple as a mutant virus originally appeared on Engadget on Thu, 09 Sep 2010 10:38:00 EDT. Please see our terms for use of feeds.

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Sharp is going to launch its brand new e-reader in Japan this fall with US retail availability to follow by the end of the year. Riveting stuff, isn’t it? Well, the company’s President Mikio Katayama does his best to spice things up by proposing this device will aim “to rival the iPad,” and it may well sport a color LCD if earlier indications still hold true, but what’s really got us hot under the collar is the potential for 3D down the line. Katayama claims to have witnessed great enthusiasm for 3D — particularly when it comes to games — and posits it as a likely future direction for this new ebook reader. Multifunctional devices are what people want, he says, and since Sharp already has a 3D smartphone in the pipeline and a glasses-free 3D tablet display in the lab, we can’t see many technical hurdles to the realization of his vision. Let’s just hope his depth perception is accurate when it comes to measuring the interest in three-dee.

Sharp’s e-reader ready to ‘rival the iPad’ by year’s end, may have a 3D future originally appeared on Engadget on Wed, 25 Aug 2010 03:41:00 EDT. Please see our terms for use of feeds.

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Been waiting for evidence that the iPad will dent the netbook market? If you believe ASUS, that’s already happened, with the Eee PC vendor reporting fewer sales in the second quarter relative to the first and downgrading expectations for the usual peak season of Q3. Apple’s prodigious tablet is specifically named by ASUS CEO Jerry Shen as an invader that is “crowding out” netbook demand, though he remains firmly committed to the small and affordable laptop market. All the same, Shen does also point a finger to the horizon, where a trifecta of Eee Pads marches ever nearer with the intent to do battle with the iPad. So while netbooks aren’t going away in a hurry, these latest numbers seem to suggest they’re set to at least share the lower-end spotlight with touch-friendly slates, or rather Pads.

ASUS downgrades Eee PC shipment forecast, blames iPad originally appeared on Engadget on Tue, 17 Aug 2010 03:50:00 EDT. Please see our terms for use of feeds.

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Larry Ellison, Oracle CEO and regular tennis buddy of the disgraced (and now former) chief of HP Mark Hurd, has decided to share his thoughts on the matter of Hurd’s departure in an impassioned email to the New York Times:

“The H.P. board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. That decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them.”

The communique, also obtained by the Mercury News, included other tasty tidbits such as Ellison describing HP’s disclosure of the apparently unfounded sexual harassment claim against Hurd as “cowardly corporate political correctness,” and dismissing the financial irregularities that forced the former CEO’s resignation as “petty expenses report errors.” So, in short, the world according to Larry is populated by messianic CEOs who shouldn’t be held up to the same petty standards as the rest of us.

Ce-Oh no he didn’t!: Larry Ellison likens HP board to ‘idiots’ at Apple originally appeared on Engadget on Tue, 10 Aug 2010 04:45:00 EDT. Please see our terms for use of feeds.

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