It’s Microsoft Corporation (MSFT) vs Nokia Corporation (ADR) (NOK): Stephen Elop Most Favorite As Ballmer’s Successor ?

Must Read

New RBI Guidelines Force You To Memorise All Of Your Card Details

It's time to get your brain prepped to do some much-needed homework and commit to memory the...

Bounce Layoff: Bike Rental Startup To Pivot Into New Vertical

Bike-rental startup Bounce has laid off a massive chunk of its workforce in a bid to survive...

Zomato Beefs Up Valuation Prior To IPO In Its Latest Fundraising Round!

Before heading to the stock market with an IPO, the homegrown food delivery startup Zomato beefs up...

Steve Ballmer’s unexpected announcement of retirement from the top position of world’s largest software company Microsoft Corporation (NASDAQ:MSFT), has opened up a debate on the best qualified successor. Ballmer, 57 now, has been serving Microsoft for over three decades including the position of Chief Executive for last 13 years.

With the announcement of Ballmer’s retirement, online gambling market has started accepting bets on top contenders for the most desirable position for any tech executive in this world. Landbroker Pls – a British gambling company – is recording the highest bet for Stephen Elop – Ex Microsoft executive and current C.E.O. of Nokia Corporation (ADR) (NYSE:NOK) – overshadowing 25 other candidates with odds of 5/1.

Microsoft Corporation booth at Computex event 2013

Interestingly, ‘ex executives’ of Microsoft are dominating the list of 26 candidates, receiving bids. Existing Microsoft executive Kevin Turner is following Stephen Elop with odds of 6/1, followed by ex- executive Steve Sinofsky who left Microsoft in November last year, just after the launch of Windows 8 OS. Steve Sinofsky was heading the Windows 8 development team since the beginning and left the company in a controversial fashion. Like Yahoo, Microsoft could also be lead by a female candidate first time in its history as Julie Larson-Green, head of devices and studio, is also racing at forth position.

Advertisements

Much of ups and downs with each passing day; Microsoft’s executive are tight-lipped on any possibilities as Ballmer’s successor. However, as the Stephen Elop’s name has already been tossed – resulting in lead position – troubled Nokia’s faith becomes uncertain. Stephen has always been in the book good book of Microsoft. Elop took over Nokia’s highest executive position in November 2010 when the Finnish mobile maker was going through the rough patches.  He ‘forced’ Nokia’s management to take few quick but harsh decisions including most debatable Nokia-Microsoft marriage in 2011.

Nearly 3 years in the position of Chief Executive Officer and Stephen Elop is yet to take Nokia back to its glorious days. Once the undisputed market leader, Nokia’s capabilities, to challenge or compete with current leaders of mobile market Samsung and Apple, is still doubtful.

Samsung and Apple controls almost 51% of global mobile market combined. Nokia secured second position in global mobile phones sales with 60.9 million units in Q2, 2013, the large portion of these sales came from constantly diminising feature phones. In fact, Smartphone sales took over feature phone in second quarter first time in the history; Samsung and Apple secured the top two positions and, in spite of growing Lumia sales, Nokia was outstripped from the list of top 5 smartphone vendors.

If ever Stephen Elop jumps back into the ship, he abandoned once, going would become more difficult for Nokia. It’s not going to become that easy for him though, he was the one who plugged Nokia with Microsoft and charted out 5 years road map to review.

The possibilities of him taking over Microsoft is in very early stages and since there is no official statement out yet, market analysts feel it’s too early to craft any statement on situation. But, they also don’t deny the possibilities of ‘co-working’ or ‘merger’ that could loom as the hunt progresses towards Stephen Elop.

Advertisements

Microsoft’s found and ex CEO Bill Gates is also in the race with odds 50/1, though he is also in the selection committee responsible to choose Ballmer’s successor. To spice up the whole selection, people are also betting over Tim Cook – C.E.O. of Apple Inc. (NASDAQ:AAPL) – with odds 100/1.

Via: Bloomberg

[poll id=”24″]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Reliance Aims To Launch Its Own Version Of UPI-Like Payments Network With Google And Facebook!

The mammoth tech-petroleum conglomerate Reliance aims to create its own version of UPI! According...

TikTok Coughs Up $92 Million In Fine For Harvesting User Data Of Minors!

The popular short-form video app TikTok simply can’t catch a break! Besides dealing with its botched acquisition now stuck in limbo, the...

Facebook Continues Taking A Jab At Apple With New Marketing Campaign

Even after a month of attacking and accusing Tim Cook Zuckerberg is still very much fizzle out from Apple’s major blow to...

Xiaomi Levels Up On India Manufacturing: 99% Smartphones Are Made In India

Xiaomi really is digging its heels to live up to a commitment. One of the first adopters of the...

After SMS, WhatsApp Now Becomes A Threat To Cell Calling: 1 Billion And Counting

It already buried the SMSes in the ground. Now, traditional cellular calling is next on the hit list. The number of WhatsApp...

Flipkart Quickly Learns From the Mistake Amazon Did: Setting Up A Level Playing Field For Sellers!

Unlike Amazon which allegedly implemented unethical strategies to tackles India’s FDI policy for e-commerce marketplaces, Flipkart plans to do it right!

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This