Word: ollila
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...Jorma Ollila NOKIA Chairman and CEO 51, Finnish www.nokia.com...
...stock price has taken a hit in the last year, but Nokia under Ollila's leadership remains far and away the number one handset maker in the world. And while some have turned skeptical about the promise of mobile data, Nokia is forging ahead. In late September it began shipping the first of its next-generation phones, based on the GPRS standard...
...Within 12 months Nokia will introduce an array of mobile phones, including new product concepts, based on these technologies. Ollila doesn't see surfing the Web or playing games as killer phone applications. Instead he believes the real revenues will come from person-to-person communications - such as multimedia messaging, enhanced e-mail that includes data and pictures...
...Finnish phone maker is concentrating on developing the software, known as middleware, that will enable this type of enriched content to be delivered to consumers and businesses. Though its competitor in this realm is Microsoft, Ollila is confident Nokia is better positioned to know what mobile users want. Nokia's first 3G mobile terminals - phones with high-speed Internet connections - are expected to start shipping in the third quarter of next year...
...Forward Spin: Nokia is clearly feeling the impact of the worldwide economic slowdown. But if Ollila is right, wireless and broadband will be the drivers that will restore growth to the tech industry...