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A tale of two cellphone companies' leaders
Posted: 22-Apr-2001 [Source: Bloomberg via Taipei Times]

[Ericsson's Hellstroem and Nokia's Ollila--two CEO's facing a slowing economy and 3G.]

by Kurt Hellstroem, Stockholm -- "Kurt Hellstroem has been at the helm of Ericsson AB, the third-largest cellphone maker, for less than two years. Jorma Ollila has headed up bigger rival Nokia Oyj for almost a decade.

"Hellstroem's company had its first quarterly loss from operations in nine years in the first three months of 2001. Nokia still leads the industry, by both profitability and market share.

"That's where the differences end. Both Nordic executives confront the same challenges: market saturation, falling prices, declining stocks, debt-laden customers and a slowing economy."[Last year] was not such an easy year, as I hear from our competitors. We came out extremely well."

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