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Euronews: Nokia CEO Tipped for Ballmer's Job

Paul Rainford
8/28/2013

Also in today's EMEA roundup: AlcaLu hires former Goldman Sachs man; Bouygues sees second-quarter profits rise; mobile-banking warnings; Rushie returns.

  • Will Nokia Corp. (NYSE: NOK)'s boss jump ship? That is the speculation reflected in the 5/1 odds being set by UK bookmaker Ladbrokes for Nokia CEO Stephen Elop to leave his still-smouldering platform and step into Steve Ballmer's shoes at Microsoft Corp. (Nasdaq: MSFT). Those odds make Elop -- who came from Microsoft to try to turn around Nokia's fortunes -- the favorite to take Ballmer's job when he leaves within the year, though others in the frame, according to this Reuters report, include internal Microsoft candidate Kevin Turner and ex-Microsoft man Steve Sinofsky. (See Ballmer Bails on Microsoft, Nokia's 'Burning Platform' Memo, and Nokia Dumps CEO, Hires Elop.)

  • More movers and shakers: Alcatel-Lucent (NYSE: ALU) has hired a former Goldman Sachs banker as its new chief financial and legal officer, the latest instalment of CEO Michel Combes's management shakeup program. Jean Raby, for it is he, was with Goldman Sachs until the end of 2012. (See Farewell Then, Ben and Euroblog: Combes Clearout?.)

  • Still in France, Bouygues, the conglomerate that includes mobile operator Bouygues Telecom , saw second-quarter profits rise 10 percent year-on-year to €482 million (US$577 million), reports Bloomberg. Bouygues has faced a stiff challenge from upstart Free Mobile, and its cost-cutting appears to have paid off. (See Free Disrupts French Mobile Market, Iliad Disrupts the French Mobile Scene.)

  • Beware the fat-finger syndrome: Those fiddly little keypads could cause costly cock-ups when it comes to mobile banking, reports the BBC, citing a study by the UK's Financial Conduct Authority. It also warns about mobile banking late at night when, er, concentration may be impaired.

  • Here at Euronews Towers we've been waiting years to bring you a photo of soccer legend Ian Rush holding a milk bottle, and here it is.

    Ian Rush: A lotta bottle, and a lotta goals.
    Ian Rush: A lotta bottle, and a lotta goals.

    Rush, Liverpool FC's all-time leading goalscorer, can be seen as the anti-Beckham: You never saw him poncing around in a tight-fitting vest advertising men's "fragrances." Oh, and the reason for the Rush/milk bottle photo opp? Something to do with UK mobile joint venture EE bringing 4G to the Northern town of Accrington.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    kaop
    kaop
    9/3/2013 | 3:32:37 AM
    Microsoft to buy Nokia's phone business for $7.2 billion
    Microsoft now has equal footing to compete w/ Google and Apple.  Let's hope for innovation and better integration between software and hardware. 

    Source: http://money.cnn.com/2013/09/03/technology/mobile/microsoft-nokia/index.html?
    kaop
    kaop
    8/28/2013 | 9:21:40 PM
    Elop/Nokia is a package deal
    Microsoft need someone with mobile background. Hiring Elop will make a statement on the company's direction.  In that case, Microsoft better be ready to acquire Nokia as a package deal.  Maybe sending Elop to Nokia for "training" was all in Microsoft's plan? 
    DOShea
    DOShea
    8/28/2013 | 2:24:31 PM
    Re: Microsoft's new CEO
    Bates is also, according to his Wikipedia page http://en.wikipedia.org/wiki/Tony_Bates, a self-taught programmer who dropped out of university, just like another former Microsoft chief--can't remember the guy's name, but I think it rhymes with "Bates."
    RitchBlasi
    RitchBlasi
    8/28/2013 | 2:11:08 PM
    Ballmer replacement
    For Microsoft's sake, I hope the 12 month runway for Ballmer leaving is so that they do not jump into replacing him with a sub-par candidate.  Doesn't seem as though Elop gained any points for what he did or didn't do during his stay at Nokia.  Might as well consider Heines from Blackberry too -- oh yeah, he doesn't think tablets will be a big thing in two years which goes against one of MS growing markets.  Maybe think about throwing a load of money at one of the Apple iPhone guys or someone at Samsung who turned that company around from a cheap device to one of the few that rival the iPhone.  MS has been forgiven several times for its missteps into mobility and for many of us in the industry and the financial community there are is more forgiveness - the Wall St reaction to Ballmer leaving is a signal to that.

    Maybe MS might want to look at someone from the mobile carrier side of the ecosystem - someone who can balance the existing computer business with mobility.

     

     

     
    Sarah Thomas
    Sarah Thomas
    8/28/2013 | 10:20:27 AM
    Microsoft's new CEO
    I'm not surprised Elop is emerging as a CEO candidate. But what about Tony Bates, former CEO of Skype, now part of Microsoft? The OS needs tighter Skype integration, for one thing, and Bates knows about innovation and disruption in the mobile industry.
    Sarah Thomas
    Sarah Thomas
    8/28/2013 | 10:18:09 AM
    Re: Nothing good happens at 3 a.m.
    I would worry much more about mobile shopping...
    mendyk
    mendyk
    8/28/2013 | 8:41:25 AM
    Nothing good happens at 3 a.m.
    If you're doing your banking at 3 a.m., fat fingers are not your biggest problem.
    PaulERainford
    PaulERainford
    8/28/2013 | 6:57:50 AM
    A Scouser abroad
    Legend has it that upon being asked how he was settling in playing for Italian club Juventus, Rush replied: "It's like living in a foreign country."
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