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       #Post#: 53--------------------------------------------------
       NOKIA LOOKS FOR NEW CEO
       By: eba95 Date: July 25, 2010, 7:36 am
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       the search for a
       new chief executive, after failing to
       keep up with smartphone specialists
       Apple and Google, people familiar
       with the matter said.
       Current chief
       executive Olli-Pekka
       Kallasvuo may be
       ousted as early as the
       end of the month,
       that person said,
       adding that the
       company has already
       flown in at least two
       U.S. executives to
       interview for the top
       job.
       The move comes as
       the Espoo, Finland-
       based company
       struggles to find
       traction in the
       fiercely-competitive
       market for high-end
       smartphones. While
       it still sells more
       devices than any
       other manufacturer,
       it has been slow to
       innovate amid an
       explosion of application-rich gadgets
       from Apple and makers of Google's
       Android-based devices.
       In April, Nokia pushed back the
       release of Symbian 3, the new
       version of its mobile operating
       system, citing delays in
       development. A month later, the
       company reshuffled its
       management, replaced key
       executives and formed a new
       division specifically tasked to focus
       on smartphones.
       Although Nokia is still the worldwide
       leader in mobile phones, with a 40
       percent share of the market, its
       phones are mostly lower-priced
       models with limited profit margins.
       The company has been struggling
       for market share in the lucrative
       high-end smartphone sector, which
       analysts say is a result of poor
       software offerings.
       Last month, Nokia said it was
       dropping Symbian for Linux in its N-
       series smartphones. In February, it
       teamed up with Intel to develop
       Meego, a new mobile operating
       system, which it plans to use in its
       highest-end units.
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