Can a company simultaneously be No.1 in its industry and still be doomed? If the company in question is Finland's cell phone giant Nokia (NYSE: NOK), then the answer would seem to be "yes". While Apple (Nasdaq: AAPL), HTC and Research In Motion (Nasdaq: RIMM) rocket ahead with smartphones, analysts have seemingly written off Nokia as the Commodore of the cell phone industry.
Nokia is not going down without some kind of fight. The company announced September 10 that former Microsoft (Nasdaq: MSFT) executive Stephen Elop will be replacing Olli-Pekka Kallasvuo as the company's CEO. Will Elop turn this ship around, or is it too late to save what used to be one of the largest tech companies in the world?
For the full piece, please go to:
http://stocks.investopedia.com/stock-analysis/2010/Good-Luck-At-Nokia-Elop-Youll-Need-It-NOK-AAPL-RIMM-MSFT-MOT0913.aspx
Note: The original version of this stated that Elop is American. He is not (he is Canadian). I would have sworn that I originally wrote "North American", but whether I did or not, it went out as "American".
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