While we always anticipated Microsoft would bail Nokia out if the company ran into trouble, Monday’s deal still came as a surprise, particularly as things were looking up for the Lumia brand and Nokia Windows Phone sales in general, and of course the details of the deal also, including that Microsoft will not be getting the Lumia brand, seemed unusual.
A petition has been posted for Nokia shareholders at Change.org with the ultimate aim of forcing the Nokia Board to answer them on the 19th November at their Extraordinary General Meeting where the deal will be discussed.
Questions asked include:
Regarding Alternative Scenarios
Regarding the Future
- Does the board believe that Devices & Services division would have been worth more or less after 4 months?
- Newspapers and websites throughout the world are currently writing obituaries on Nokia’s demise. How do you think this will affect demand until the deal closes?
- It appears Microsoft is about to retire the "Lumia" name. Even if the deal does not go through, do you not think that such uncertainty in the air around the future of the Lumia range of phone will lead to a significant reduction in demand?
- With the ending of Symbian and with the ending of Windows phone 7, Nokia experienced notable reductions in smartphone volume. As Nokia is still the current owner of the Lumia range of phone, what reduction of demand does Nokia expect? Was this factored into the final valuation of the sale?
- Nokia’s Device & Services division’s significant traction with Lumia represented a tremendous opportunity for Nokia’s share price to at least triple in value over the next 2 years. Do you think this is now more or less likely to happen?
It seems some of the questions asked are pretty sensible. Do our readers agree?
Read the full petition at Change.org here.
Thanks shyam for the tip.