Monday, April 16, 2012

Nokia And RIM: A Tale Of Two Pasts

Read the whole article at Seeking Alpha: 

>>Nokia (NOK) and RIM (RIMM) share a similar fate, a kind of backward evolution which is turning them into entities less suited to survive in today's smartphone market: both companies seem to represent the past of something (consumer and enterprise handsets, respectively), rather than players with a viable future, and several analysts have already started writing their obituaries.

Both companies changed the handsets market, at one stage, through their contribution to the development of GSM and the introduction of the first "smartphones" (Nokia), and by marrying email with mobility (RIM). Customers, however, have turned their back to their most recent offerings, and both companies are struggling, with new CEOs, to reinvent themselves into something different.

A quick look at both companies' great pasts.

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