Nokia CEO Admits Firm was Caught NappingVW Staff
Nokia Corporation (ADR) (NYSE:NOK) chief executive Stephen Elop as good as admitted on Tuesday that the firm had been wrong-footed by the sheer speed of changes that took place in the mobile phone industry.
Talking to Finnish newspaper Aamulehti, Elop said: "We had moments in the past year and a half when we could have done some things differently had we known that the industry was changing so rapidly."
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