Elop's memo compared the company’s situation to that of a man on a burning oil platform who decides to jump into the cold sea in order to save himself. Nokia's current situation is that of a man standing on a burning platform, and the company's actions have even poured petrol onto the fire, according to Elop.
The company must now take drastic action to save itself, and that could well involve metaphorically jumping into the cold sea.
Carolina Milanesi, Research Vice President at IT analysts Gartner, told YLE that Elop is under pressure to announce something big, partly because of the language used in the memo and partly because he needs to change the industry's mindset.
According to her, a partnership with another firm – such as a co-operation agreement with Microsoft involving their Windows Phone 7 operating system, or a switch to Google's Android platform – might not be enough to reassure investors.
In his memo, Elop reminded Nokia staff that Android only entered the market two years ago, and said its success was ’unbelievable’.
He went on to say that mobile communications was no longer a battle of devices, but of ”ecosystems” encompassing developers, applications, “developers, applications, ecommerce, advertising, search, social applications, location-based services, unified communications and many other things”, and that Nokia had to decide how to “build, catalyse or join an ecosystem”.
Latest in: News
The U.S. snatches bronze from Finland
Finland’s men’s ice hockey team lost the World Championship bronze match to the U.S. in a thriller that went into overtime and a shootout.
Son drowns, father missing after fishing trip
A son and father went fishing on Näsijärvi Lake in the Pirkanmaa region on Friday. The son was later found drowned, while the father is still missing.
Finland to toughen rape legislation
At present, Finnish legislation on rape is more lenient than in neighbouring countries such as Sweden and Norway.
Gaming industry draws foreign talent to Helsinki region
Turning to the electronic gaming industry, more and more foreign companies are interested in setting up branch offices in Helsinki. Finnish firms also employ many foreigners, with about one-third of workers at major gaming companies from abroad.
Unknown soldiers laid to rest on Memorial Day
As this is also Whit Sunday or Pentecost, many shops are closed.
Soini and SDP contest workers’ support
The Social Democratic Party’s recent ministerial changes, which tipped the gender balance and created a female-majority cabinet, brought strong criticism from Finns party leader Timo Soini. He claimed the party had abandoned working-class men. Soini's comments provoked a strong response from the SDP.
Finnish Eurovision contestant: Kiss may have cost points
The ESC title remains in the Nordic region, but the Finnish entrant failed to attract much support.
Siegfrids hopes for Eurovision success
The Danish pre-contest favourite believes that this could be Scandinavia’s year, while Finnish contestant Krista Siegfrids promises to celebrate whether she wins or not.
Lions’ golden dream dies in Stockholm
Finland’s men's ice hockey team lost 3-0 in their World Championship semi-final against arch-rivals Sweden on Saturday in Stockholm. The Lions will play in the bronze medal match on Sunday.
Summery, thundery conditions continue over the weekend
Summer has finally arrived in Finland, with warmer than average temperatures and some lively bursts of thunder expected. That means the south and east of Finland are set for warm weather—and rain—this weekend.