Not surprisingly, Nokia's financial results have been dismal. In the third quarter, Nokia posted a loss of 576 million euros ($753.5 million), or eight times wider than the loss it reported a year earlier, as revenue fell by nearly a fifth to $9.47 billion. Its net cash and liquid assets fell by a third to $4.68 billion. The company also warned that the fourth quarter would be "challenging" as it begins to sell its new products, so its cash position will shrink further. "They're definitely a different company than what they used to be," said Gartner analyst Carolina Milanesi. "They're a shadow of the old company."With that tough outlook in mind, I expected the mood at Nokia HQ, known as Nokia House or NoHo, to be as bleak as the local weather. But the Nokia faithful surprised me. They said they were confident the latest round of Windows Phone 8 products -- the Lumia 920 and Lumia 820 (read CNET's review of the Lumia 820 here) -- offer enough whiz-bang features to finally turn some heads and bring back some buzz to the company.
Employees said they have faith in Nokia CEO Stephen Elop, who they say has changed the company's culture, injecting a new sense of decisiveness and direction, Elop, who pronounces the company as "noe-kia" as opposed to the traditional pronunciation, "knock-ya," brought an engineer's symmetry series case for apple iphone x and xs - tonic violet perspective to the development of the Lumia phones and was more intimately involved with the process than former executives, He also pushed for the company to move more quickly than ever before, "There's been a marked shift toward this 'challenger' mindset," Elop told me, "We have to move with urgency."..
And now it's betting on Microsoft's Windows Phone operating system, with only 2 percent share (compared to 75 percent and 15 percent, respectively, for Android and the iPhone's iOS), which doesn't sound like a recipe for a rebound. Will Nokia cut and cut and cut until there's little left but some patents sold at auction? It's already reduced its workforce 17 percent to 44,630 employees -- which excludes workers in its Nokia-Siemens telecom equipment joint venture -- over the last five years and has vowed to slash 10,000 jobs by the end of next year.
It was with these doubts that I arrived at Nokia House, NoHo is 10 minutes away from the center of Helsinki in a neighboring city called Espoo, and its three connected buildings make symmetry series case for apple iphone x and xs - tonic violet up the centerpiece of an industrial park that counts Microsoft, Angry Birds creator Rovio, and Finnish elevator manufacturer Kone as neighbors, Sitting on the water by the complex is a World War II-era Finnish transport vessel, the Wilhelm Carpelan, a fixture of the bay that Nokia employees use to joke was manned by spies from rival handset manufacturers..
The glass-encased offices in the middle of NoHo's three buildings look down upon a main cafeteria, called the Cantina. It's NoHo's largest public space, and doubles as a meeting area for the company's largest announcements. In July, Elop gathered the troops in the Cantina when he announced the latest round of job cuts. It's an impressive collection of wood, steel, and glass, part Ikea display, part ski lodge, and a testament to Nokia's former glory and excess. But it's a hollow reminder, just as likely to reinforce the notion that the old Nokia is dead; in its place is a much smaller, scrappier competitor.
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