Nokia may sell its headquarters in Espoo, Finland
Selling the building does not mean the company would leave Finland. In fact, Nokia has stated in the past that moving the company abroad was not a consideration. It is also entirely possible, and likely, that Nokia could remain an anchor tenant in the complex after such a sale. Many corporations do not outright own many of the facilities where they have major operations, even headquarters buildings in some cases.
What is telling however is the effort that Nokia is making to pare down costs at every corner. Next to employees, physical infrastructure is typically a company’s next biggest expense. The sale of the building may bring in around €250-million ($322-million). Such an infusion of cash would certainly help the struggling company. The timing of such a deal does coincide with Nokia’s plan to lay off 10,000 employees by the end of 2013 as well as shutter other facilities in Germany, Canada, and at home in Finland.
sources: HS.fi via wpcentral
1. PAPINYC (banned) (Posts: 2315; Member since: 30 Jul 2011)
That's what they get for jumping aboard that sinking ship; shoulda' gone with Android.
4. No_Nonsense (Posts: 826; Member since: 17 Aug 2012)
Or a multiple OS strategy. I feel: Jolla, RIM and Nokia should collaborate and stab MS in the back.
6. eisenbricher (Posts: 972; Member since: 09 Aug 2012)
That would be the awesomest thing that can happen. But backstabbing the renowed backstabber is really difficult. I mean, they (MSFT) have got their own turf (OS) to thrive on.
7. No_Nonsense (Posts: 826; Member since: 17 Aug 2012)
The premier partner moves out people won't remember the OS exactly. People remember Lumia=WP rather than Wp=Lumia. MS has no one but itself to blame itself for the WP debacle.
26. PAPINYC (banned) (Posts: 2315; Member since: 30 Jul 2011)
lol ..... I used to love Windows Mobile; I would proudly sit on a train watching videos or surfing the web (above ground) and emailing on my Thera 2032 and later on my XV6600 while others subway riders just twittled their thumbs; all before the 2007 iRelease. Instead of evolving, Windows Mobile (Professional or whatever they want to call themselves now) just devolved into a worm hole of sorts.
28. No_Nonsense (Posts: 826; Member since: 17 Aug 2012)
With the restrictions that WP7/7.5 had, no wonder it failed to take off. Hoping WP8 doesn't have all of this otherwise Nokia will lose a potential Lumia 920 buyer.
24. mercorp (Posts: 991; Member since: 28 Jan 2012)
But,the 920 rocks even without google.
2. eisenbricher (Posts: 972; Member since: 09 Aug 2012)
Don't die Nokia.. I'll let you have my piggybank :)
22. Mittal (Posts: 491; Member since: 14 Dec 2011)
Nokia does seem to have a decent enough shot at surviving and flourishing well. They have the R&D
But Nokia should have waited for WP8 to gain good traction before pricing their fones so high!!
Thinking very objectively, the 920 may deserve to come close to that pricetag of over $850 for it's features (though i dont think so), BUT 1st at least lure in enough buyers to the platform!!
I as a consumer would have been tempted to try 920 if it was priced similar to S3, but now since the difference is quite steep, ill think of the 8X or S3
3. No_Nonsense (Posts: 826; Member since: 17 Aug 2012)
This is what happens when you pair with a devil corp aka Microsoft and put all your eggs in one basket. Nokia as a company deserves my money, I like the WP OS but Microsoft can go to hell.
5. kaliil10 (Posts: 145; Member since: 16 May 2012)
hey guys death of Nokia its the death of the world.
8. darktranquillity (Posts: 284; Member since: 28 Feb 2012)
I don think any of the android phone manufacturers faces bankruptcy.
9. No_Nonsense (Posts: 826; Member since: 17 Aug 2012)
Not all of them are in the green either.
16. checkmymike (Posts: 130; Member since: 28 Dec 2011)
are you nuts?
samsung, htc and lg not in green?
23. Mittal (Posts: 491; Member since: 14 Dec 2011)
Sony might still be staying afloat, but LG needs a winner to boost its confidence and image.
LG, for God's sake, start supporting at least the top fones and show that u care!!
10. wendygarett (unregistered)
Choose Windows phone... Good ideas...
Kill symbian and meego... Bad idea...
Solution... Kick Stephen elop :)
13. eisenbricher (Posts: 972; Member since: 09 Aug 2012)
I don't think Elop's decision was that wrong.. firstly that wasn't alone his decision. Even shareholders and seniors were involved in this decision. Just that it was decision made, aiming for long term profitability.
Nokia shut down symbian, meltemi and meego. Why? to concentrate on the Ecosystem. They knew that any platform's importance is decided by the Ecosystem. And you see the result now, with the awesome apps like improved maps, city lens, camera algorithms and much more. Now there must be some kind of hurdle in Symbian which might have prevented them to develop all of these for it. I've heard that Symbian isn't that friendly for devs.
19. microsoftnokiawin (Posts: 1118; Member since: 30 Mar 2012)
alot of shareholders tried to get rid of him for that decision
21. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)
Since he took over Nokia, he has been taking Nokia so low that they have to sell there head-quarter, how sick and low is that, all cause of Eflop. Nokia was never in this state ever. Shareholders and public reunions should kick him and the boadmembers out.
11. JoeBelfiore (banned) (Posts: 79; Member since: 03 Sep 2012)
I love Elop, Elop rules, Elop is the best, Elop pwns Samdog,
12. No_Nonsense (Posts: 826; Member since: 17 Aug 2012)
What's Samsung got to do with this article?
30. chaoticrazor (Posts: 2347; Member since: 28 Aug 2012)
he's doing what ifans and fandroids do, just another fanboy (nokia fanboy i think) idiot that makes all look bad
14. giri555 (Posts: 110; Member since: 15 Mar 2012)
Dear Nokia, Please don't jump into the overcrowded Android Bandwagon. Windows Phone 8 is awesomely different. Give consumers another option apart from iOS and Android. Cheers, Girish
31. chaoticrazor (Posts: 2347; Member since: 28 Aug 2012)
couldnt agree more, android isnt a instant solution that most seem to think it is. wp8 shaping up to be great
15. rusticguy (Posts: 2828; Member since: 11 Aug 2012)
That's what Elop was meant to ensure ... i am back ... maybe to be banned again by mods who knows.
17. Veigald (Posts: 259; Member since: 13 Jan 2012)
Nothing to blow out of proportions, imo. It's very common for companies to rent office space, even HQ, seeing that their core business is not property management. There is even a saying that when a company buys a building for their HQ, that's a bad sign...
What will be more interesting is seeing their earnings release in a couple of weeks.
20. dasqwer (Posts: 5; Member since: 13 Sep 2012)
Save Nokia ! campaign it, blog it, tweet it, and lets hope many actually put in some effort in a way or another to get Nokia out of this "never imagined" situation. I m sure there are many out there who would like to see Nokia come out of this situation. Developers may want to start making apps for free or nominal cost for Nokia symbian or WP, or atleast suggest some good ones. Put up ideas that you think will work. I dont wanna c Nokia losing out. Hardware and design king going down coz of software dominance is like the Alexander of mobile world falling apart. Nokia has a whole lot of designs from the past that glammed like no other. Lets vote for possible new designs and the best of old design Nokia phones and hope it works for them. MS seems to be assisting Nokia with whatever help they can that probably is the reason why the shook hands in the first place. Someone suggested BB + WP + Nokia should happen and that seems viable if the bosses consider that as an option. Lets cheer up Nokia.
25. TechPsycho (banned) (Posts: 32; Member since: 05 Sep 2011)
Too bad for Nokia to have put hope in a half assed OS as WindowsPhone is, look at them gambling their last chips for survival. They need to listen to the crowd if they do not want end in bankruptcy, kick out Elop and board members and launch top notch android phones!!
32. chaoticrazor (Posts: 2347; Member since: 28 Aug 2012)
first half assed OS....wrong wp8 is looking to be a top notch OS that will compete
second and hope the last time i have to say this android aint an instant solution, its crowded , sure samsung are doing well but look at LG and sony.....following the crowd aint the right decision i want choice not just either android or iOS
nokia's lumia 820 and 920 look excellent phones
33. checkmymike (Posts: 130; Member since: 28 Dec 2011)
sure, wp8 is an awesome os, i couldn't agree more.
sure, lumia 820 and 920 look like excellent phones, i couldn't agree more.
but the thing is, do they sell?
36. chaoticrazor (Posts: 2347; Member since: 28 Aug 2012)
well obv not yet as they havent been released. but sadly i dont think they will sell as many as say samsung and the s3 or the iphone mainly because as apple prove time and time again there are loads who dont like change or new
but its gotta start somewhere, hopefully in the next 2-3 years wp8 will build a good customer base. in the end chioce benefits us the customer
27. Bernoulli (Posts: 2276; Member since: 01 Sep 2012)
It'll be a shame if jolla buys Nokia headquarters lol ex Nokia employees will feel comfortable for returning to the place that laid them off lol
29. downphoenix (Posts: 2672; Member since: 19 Jun 2010)
Instead of selling the headquarters, they should sell their CEO. Then sell their WP phones off at a discount to move units
34. Hemlocke (unregistered)
By this time next year, they will be moved out of that building, since they will be a subsidiary of Apple, Inc.