In the meantime, Nokia investors have to wonder how long the company can survive given the rate at which its global market share is still eroding. Nokia's first quarter earnings report highlighted Elop's best asset -- he's a great CFO, nothing more. That's not what Nokia needs. While the company's cash flow is certainly improving, Nokia is still spiraling out of control.
As much as I've wanted to like Nokia's prospects as a good turnaround candidate, it doesn't appear as if this is a story that's going to end well unless the company finds a risk-taking CEO with a chip on its shoulder. I believe Scott Forstall is available. Don't you think he has an axe to grind with Apple?
At the time of publication, the author held shares of Apple.