Nokia feels the heat

Say what you will about Nokia, but the company has to be admired for the aplomb with which it has announced trouble ahead. Chief executive Stephen Elop warned in a speech that Nokia is "standing on a burning platform. And, we have more than one explosion – we have multiple points of scorching heat that are fuelling a blazing fire around us." Later he quoted a staff member who had commented that other companies could make a smartphone in "the time that it takes us to polish a PowerPoint presentation". Giant failure has never sounded so exciting and fun before.