Tomahawk, WI 11/19/2013 (BasicsMedia) – By giving up its loss making handset business, Nokia Corporation (ADR) (NYSE:NOK) has slimmed, or at least become light enough to run fast and chase big dollars for it investors. The deal to sell off the mobile business unit to the software giant Microsoft is as good as done. The company is set to exit 2013 with a lot of cash which requires to be spent well to bolster its remaining operations.

Just like Microsoft, Nokia Corporation (ADR) (NYSE:NOK) too requires a new CEO

Microsoft which has acquired Nokia Corporation (ADR) (NYSE:NOK)’s mobile business is in the search of a new chief executive to take over from the current CEO who is retiring sometime next year. The former Nokia Corporation (ADR) (NYSE:NOK) CEO Elop is among the candidates for the job to lead the world’s largest software company. Microsoft requires a “change-agent” to help it turn its newly acquired mobile business into a profit machine as soon as it can possibly happen. The company also needs strategies to help it offset the losses from its PC segment as this market is declining very fast. In the same manner, NOK needs a fresh leader who would help it acquire other firms rather than it selling its units again. The Nokia Corporation (ADR) (NYSE:NOK)’s Nokia Solutions and Networks (NSN) has been its source of pride. This business was once upon a time bleeding finances for the company, but a spirited restructuring effort has now put it into profitability zone.

Nokia Corporation (ADR) (NYSE:NOK) NSN rebound leader sought for CEO position

Nokia Corporation (ADR) (NYSE:NOK) investors are keen on having the company have someone at the top leadership who can give them the value for their money. Having turnaround the loss making NSN segment by reducing workforce and exiting less worth contracts, NSN CEO, Suri is thought of as a suitable candidate for NOK’s CEO.

The slim NOK is now light enough to race faster. It also has good cash coming from the sale of the mobile business. The company needs to expand its NSN horizons, eliminate debts, takeover smaller opponents and maybe continue its cost reduction by only keeping the right number of employees. Exiting less-worth businesses is also important to help the company regain its lost ground.

Alcatel –Laurent could be a perfect bet for Nokia Corporation (ADR) (NYSE:NOK)

Nokia Corporation (ADR) (NYSE:NOK) can easily bolster its revenue position by taking over Alcatel’s equipment business. This business has a lot of potential and what is needed is cash to bankroll its operations so that it can return profits.

Basically, having let go its mobile business, Nokia Corporation (ADR) (NYSE:NOK) must find way to diversify its revenue collection sources. It is no longer tenable for a tech company in this cutthroat business environment to be slow in action or rely on just a limited source of revenue. With the right leadership that can recognize opportunities fast enough and that has the strategy to turn profits on opportunities, there is no reason why Nokia Corporation (ADR) (NYSE:NOK) should not become the company it was several years ago when it used to be the mobile handset leader. The Finnish company has all the potential to make profits and help investors have value for their investment.

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