Stephen Elop: "Now, we're one Microsoft" - read the full open letter here

Stephen Elop: "Now, we're one Microsoft" - read the full open letter here
April 25, 2014 will remain in history as the day when Nokia's Devices & Services division officially became part of Microsoft. The legendary phone maker was to be acquired by the software giant for about $7.2 billion, but due to some last-minute price adjustments, estimations are that the transfer will cost $7.5 billion.

Regardless, the deal has now been sealed, resulting in the transfer of Nokia ex-CEO Stephen Elop to Microsoft, where he's going to head the company's Xbox and tablet businesses. Ever since his arrival at Nokia, Stephen Elop has been a controversial figure in the eyes of Nokia fans, due to a series of unpopular events, such as the burning platform memo, the discontinuation of the Symbian and MeeGo operating systems, the adoption of Microsoft's Windows Phone, and the executive's massive $25 million exit fee that received much media criticism in Finland back in September of 2013. Still, what has probably gotten Nokia supporters enraged the most has been the company's near-total collapse under Elop. An extract from the executive's Wikipedia page provides a summary of how well he did as Nokia CEO: "During the 3 years Elop was Nokia CEO, Nokia revenues fell 40%, Nokia profits fell 95%, Nokia market share collapsed in smartphones from 34% to 3.4%, Nokia's credit rating went from A to junk, Nokia's share price dropped 60% in value and Nokia's market capitalization lost 13 billion dollars in value. During his tenure at Nokia, Elop was regularly featured on the 'worst CEO' lists such as those at Daily Finance, CNBC and Wealth Wire. The Financial Times calculated that Nokia shareholders ended up paying Elop a bonus of 1 million Euros for every 1.5 billion in market capital that Elop was able to destroy while Nokia CEO."

However, Nokia fans and smartphone aficionados alike will probably be interested to know that Stephen Elop also had some things to say on his way out today. What you can read below is the executive's open letter celebrating the closing of the Microsoft-Nokia deal. In short, Elop seems to be more than thrilled to return to his previous employer, while the world should obviously expect great things from this new union going forward. Strangely, 'great success' was also promised during Elop's reign at Nokia, though all that the company managed to do during these last few years was to play catch-up with the leaders in the smartphone market.

Here's Stephen Elop's full open letter, which was published today on the company's official blog - Nokia Conversations:


What do you think?

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51 Comments

45. express77 unregistered

How can this mole get 25 million dollars? I wish this man suffer more than anyone can ever imagine. MS has used this man for their dirty work but they should fire him now as their 'mission' is completed. If he stays on MS, they will suffer too. But I think Buying Nokia is not good for MS as OEMs dont like to compete with OS makers. Something similar like google and moto after some years.

40. Liveitup

Posts: 1798; Member since: Jan 07, 2014

Nokia would not had survived had they not adopted WP, Meamo had tons of potential but the problem was Nokia was to late transitioning to smartphones in the Iphone.Android era they basically like Microsoft missed the smartphone uprising in the latter half of the first decade. Nokia was in dire financial straits. MS even had to bail them out. People need to stop looking through fan boy lenses and see things through business lenses. As bad as Nokia dis under Elop no other one or platform could have saved it. Nokia was in bad financial situation. No one seems to get this. Funny Elop gets blamed when the actual culprit for Nokia trouble is Ollie Pekka Kallasvuo. Elop best played the hands he was given, don't forget that Nokia also has a board of directors who helps influence decisions.

35. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

I love this part: "Whether the NSA wants to read more, capture more, watch more, listen more or get more done, Microsoft mobile devices have been and are your go-to choice."

30. 7thspaceman

Posts: 1597; Member since: Feb 14, 2011

I never thought MR Elop was a plant by microsoft to get Nokia sold to Microsoft Especially since all Microsoft insiders know that Bill Gates the chairman of the board at Microsoft was not in favor of it nor was present MS CEO Nadella in favor of it This one of Steve Ballmers's Moves before he retired from his CEO position. Microsoft Mobile is now a division of Microsoft and can be sold off as just like Google sold off Motorola. Microsoft could do that in the future. I wish microsoft, Nokia and all involved in it all the best and hope new and exciting products come out of this deal for the Business and Private citizens of the World.

33. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

Great post

28. AhmadAlsayegh

Posts: 326; Member since: Jul 18, 2011

Some people can't lead but to be led.. He was leading one of greatest companies in the world, but no no no, he decided to head only a division in Microsoft.. Luckily Nokia is heavily involved in graphene research, which is really promising... I would say Nokia is really thinking ahead of other companies, and at some point might strike back as a graphene chip maker... Which will change the world of technology

29. Ashoaib

Posts: 3309; Member since: Nov 15, 2013

Fyi, its samsung which get break through in graphane at the moment... lets see what orthers will achieve in their research

26. DarkRadeonFX

Posts: 37; Member since: Mar 29, 2014

I hope MS stops making pathetic lagdroids....

41. EclipseGSX

Posts: 1778; Member since: Oct 18, 2011

Microsoft makes android devices now?

50. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

Technically yes, since they now own the mobile division that is producing the android x line that Nokia started on.

25. amsam7

Posts: 10; Member since: Apr 07, 2014

Meego..... :'( Suymbian......:'( dear N-series, express music series,E-series,............a company who offered is darn awsm smartphones........remember the N-gage gaming platform that Nokia introduced to the world.. Since its now legend, but i love the main part .....Nokia didn't gave away their more than 10,000 patents portfolio to microsoft..... Huh......B-) King always been the king...... Patents are the main assets of a company B-) fkkk u micro......

21. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Why does it not suprise me with this guy? He's Canadian...that must be it...

14. Diego!

Posts: 880; Member since: Jun 15, 2009

Quoting: 'Now, we are one Microsoft'. Yes you motherf--- Trojan Horse! You destroyed Nokia in order to sell it to MSFT. I'm glad you're not the CEO of Microsoft. That would have been Doomsday. Anyway, maybe in 10 years from now, we will see new Nokia devices made by Nokia itself. I will miss a Pure-Nokia cellphone in my hands :(

32. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

Nokia did it to themselves. If Android was chosen and a flop, who would have bought them out? Ask Motorola, an established phone maker and android maker how that went.

38. AfterShock

Posts: 4147; Member since: Nov 02, 2012

Google would helped if needed. They do that.

47. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

Yes like they did with Moto....errr Lenovo, and not to mention keeping their patents and other projects too. Again even if Google bought them (highly doubt it) they would have stripped them sold them and the Nokia that everyone is up in arms about existing would be no more.

48. jroc74

Posts: 6023; Member since: Dec 30, 2010

Since Moto is still alive as a company..its still a wait n see approach if the Lenovo deal was good or bad for Moto. Moto might actually better financially as a company with Lenovo. And Google still has their hands in with Moto. Just not as much now.

49. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

Google stripped them of their patents, Lenovo bought their phone division...with license to the now transferred patents to google. Nokia in the MS deal is keeping their software and patents, while they release the mobile division. And we all love to talk about the crash of the almighty Nokia stock. Moto was bought for over 12billion and sold for less than 3billion (worse imo than what 'Elop' did to nokia). Google only wanted the patents, any and all idea's that they bought it to save the brand is hogwash.

11. adecvat

Posts: 678; Member since: Nov 15, 2013

RIP, Nokia.

9. imnotascammer

Posts: 160; Member since: Aug 22, 2012

I still cant believe that WhatsApp costs more than double than Nokia.. :(

51. Deaconclgi

Posts: 405; Member since: Nov 03, 2012

Maybe because Microsoft didnt buy Nokia? Stop believing the lies that Ray and other dumb writers are writing. Microsoft bought the Devices and Services business from Nokia which is totally DIFFERENT from actually buying Nokia, which would cost MORE. Really, Ray, you are a lousy writer and should be ashamed for continuously misleading readers.

8. shuaibhere

Posts: 1986; Member since: Jul 07, 2012

This guy has been waiting for this moment for 3 years... Damn he killed meego.... Hate this guy...

13. CX3NT3_713

Posts: 2365; Member since: Apr 18, 2011

Duck meego, it was trash anyways.

15. shuaibhere

Posts: 1986; Member since: Jul 07, 2012

May be for WP fanatics.... Meego is the best thing happened to nokia.... It has potential to take on IOS as android had.... If Meego was not discontinued WP wouldn't have stand a chance..

23. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

Meego was not discontinued technically. Intel was helping, if meego was so awesome...intel the biggest of the chip players, didnt get it a go. Now intel and Samsung have forked meego into Tizen. Meego was 'promising' but it faces the same hurdle MS faces. 2010 entry into a 3yr balloon of smartphones in which Apple and Samsung rose from. Betting on meego or MS was a bet, there is no guarantee meego would have came to much no matter how awesome it was. And Nokia had simply no Cash to fund their own OS anymore.

24. shuaibhere

Posts: 1986; Member since: Jul 07, 2012

Intel never let meego.it was elop who did... With the back up from NOKIA meego would have done much better than WP..you know... everyone was(aware of meego) interested in meego at the time when it released... Can you say that for WP???

31. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

shuaibhere, you have no idea the disaster meego was for Nokia. Maemo was started in 05 by nokia, 05!. Count them 5 years of a smartphone platform that got what done? It was named MeeGo in 2010. There was so much internal conflict between symbian and Maemo that months were spent for nothing. Then when Intel came on, things were worse imo and others as well. Again symbian and meego hit heads, the UI went through so many changes that months were spent on UI changes that were being written from the ground up, waisting time and money. The dev tools they were using were a mess for them as well, incompatible between teams, causing more time and strife. When Elop came onboard you know how many working MeeGo phones Nokia had to show after 5years of development? 0 Experts from another blog about the death of MeeGo "In addition to tens of their own people they hired consultants from outside of Nokia. As a result a decision was made that the combination of Symbian and MeeGo was not sufficient for a succesful long term strategy. In the United States AT&T would have agreed to sell N9, although hardware vice it was considered outdated compared to its Android rivals. Apparently another version of N9 was in development for Verizon, codenamed RM-716. Even if N9 would have been released in North America in 2011, Nokia could not have had a successor with LTE support to offer for a long time in the fast paced smartphone market. During the analysis the MeeGo team didn’t have any device that could have been shown to Elop or the Nokia Board of directors that would certainly have been available for the winter holiday season of 2010." This was the expert of a interview of 10 ex-meego workers that worked on the project. When Nokia went with MS, you know how long it took to bring a phone to market? less than a year. 6 years of Maemo/MeeGo and the only MeeGo phone was a none LTE device.

36. picka_vi_materina

Posts: 174; Member since: Nov 21, 2011

Sorry, but the first WP device was the American N9 version with a Qualcomm SoC. Why do you think they got WP working fast? It was because of Qualcomm compatibility with WP. There was no device change. N9 was released before any WP device. Do you think they couldn't just port the OS to new hardware such as the Lumia 900, 1020, 920, etc? The guys doing Jolla now are ex-MeeGo developers. They need a day to port to new hardware. If N9 had the support from Nokia as much as it had from the whole world, Nokia would have still been alive, strong and individual.

46. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

So your saying...a win os that was already ready, was able to hitch a ride along the N9 because of QUALCOMM. That within less than a year, switching to an entirely NEW OS platform was done so quickly was because of just QUALCOMM or was it because windows had a working OS? It is because windows had a working OS, it was because after 6yrs in development their ground up OS was behind, they had 1 device to show for it. No LTE, the device drivers etc hadn't even been worked on yet in the MEEGO and was known that one wouldn't be out for awhile. From the whole world? you mean where Nokia couldn't even get major companies to license MeeGo? Companies like Samsung walked away from it and was the reason Nokia ended up selling it. They had 6 years! MeeGo was not an over night project, it wasn't ready. When Elop joined, they didn't even have a device to show them. Jolla released their 400+ device, and it doesn't have LTE? The reviews have stated promise but with a few bugs and android app support "It's a work in progress, and we found that Android apps were a bit unstable at times. A couple of nasty crashes did take place." and as simple as a day to port? "It's a work in progress, which requires a lot of optimising for different devices, but we got to try it out on a few different third-party phones and the experience was just like on the Jolla phone, though a little more buggy." I am not knocking Jolla just that your perception that MeeGo was some amazing OS, it was in a bad state, not one that the company of a failing brand like Nokia would want to tackle. They were free from their bonds of developing and maintaining and OS and app market, MS gave them this freedom. Would android have? Sure but like Moto, who would have bought them and then stripped them if/when droid didn't pan out.

19. alterecho

Posts: 1106; Member since: Feb 23, 2012

If its trash, WP must be worse than trash.

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