Says Rajeev Suri, CEO of Nokia Siemens Networks, at the press conference where he outlined plans to focus on just a few core elements, with all non-core lines of business to be sold or put into “maintenance”. The decision will result in 17,000 job cuts and a proposed €1 billion opex and overhead savings by 2013.
METISfiles agrees and says:
Yesterday’s all-you-can-sell-to-everyone network equipment manufacturer is extinct today.
We believe this is the era of networked ecosystems, where hubs and connectors drive and influence ecosystem behavior. Those companies that are able to drive and govern a hub are rewarded with greater market power, profits and revenues than those that are not.
But is Huawei going back to the future?