"I
am convinced that Nokia has the right equipment, the right strategy and now
increasingly also the right products in the market to get us through this
transition period," said Mr. Siilasmaa told reporters when approached the meeting.
Sales of new smartphone range Nokia has so far been slow and has yet to make diving sales of older products. Nokia also lost his position as the largest volume handset manufacturer Samsung Electronics last quarter.
Investors have seen the value of your Nokia possession cases 90 percent within five years - two thirds of its then-new CEO Stephen Elop presented the change in the strategy of the company to Microsoft in February 2011.
"The situation of Nokia and Nokia Siemens Networks is close to catastrophic," said Pekka Jaakkola shareholder meeting in Helsinki. "Nokia is fighting against time."
Credit rating agencies Fitch and Standard & Poor's recently cut both Nokia's credit rating to "junk" because of its bleak outlook.
Investors said they were willing to give Mr. Elop and the company longer, but wanted to see signs of a recovery soon.
"Something had to happen this year that give confidence back," said Tomi Lahti, who said he held the shares since the company was the country's industrial flagship.
"It's more of a sentimental, I have, which probably has nothing to do with numbers. I have to believe in it because there is this famous Finnish company," he said.
Ari RIKKILÄ, head of the Finnish software company Efecte, said he bought shares earlier this year in hopes of Mr. Siilasmaa help the company recovers.
"This year, the strategy must be implemented. Next year should see the results," he said.
Mr. Siilasmaa predecessor, Jorma Ollila, also promised a series of new products, in an interview on Thursday, including growing doubt the company had the right products to compete with rivals like Apple.
In an interview with the Financial Times, said Ollila, the Finnish company will launch a series of tablets and "hybrid" smart mobile devices, but did not say when.
Once hailed as a national hero in Finland Nokia to transform from a toilet paper to rubber boots conglomerate of world number 1 mobile phone maker in 1998, Mr. Ollila, had already been criticized for neglecting the development of smartphones.
Mr. Ollila, who will resign at the meeting after 27 years with the company, admitted that Nokia had been too slow in the beginning of the smartphone revolution, but said the combination of new products and services Nokia could help.
Nokia is expected to submit its first Tablet PC later this year, when the new operating system Microsoft Windows 8 is available.
Analysts said it would be hard for Nokia to make a transition to the Tablet PC market.
"Nokia will not be easy to enter the tablet market worldwide, as is clearly dominated by Apple, but Amazon has proved popular with its Fuego model that there are gaps in the tablet market is, if you look hard enough, "says Neil Mawston, an analyst at Strategy Analytics.
Gartner analyst Carolina Milanesi said Nokia was not a disadvantage compared with other vendors to compete with Apple and could leverage its relationship with Microsoft.
"They also understand much more than PC vendors makes the relationship between smartphones and tablets. Also have a distribution channel outside the United States and Western Europe in the consumer," he said.
Mr. Ollila said he wished he could leave with a higher note. In a survey published by the national broadcaster YLE last week, about 40 percent of analysts following the company rated his 13 years as president of "bad" or "unacceptable."
"Every president wants to leave a thriving business when you leave. I would have liked that," said Mr. Ollila. "I firmly believe that Nokia will recover from this difficult situation, moving from shadow to light."
Nokia shares fell 0.5 percent to 2.69 euros on Thursday, investors in recent days in stock are entitled to 0.20 euro per share dividend.
Sales of new smartphone range Nokia has so far been slow and has yet to make diving sales of older products. Nokia also lost his position as the largest volume handset manufacturer Samsung Electronics last quarter.
Investors have seen the value of your Nokia possession cases 90 percent within five years - two thirds of its then-new CEO Stephen Elop presented the change in the strategy of the company to Microsoft in February 2011.
"The situation of Nokia and Nokia Siemens Networks is close to catastrophic," said Pekka Jaakkola shareholder meeting in Helsinki. "Nokia is fighting against time."
Credit rating agencies Fitch and Standard & Poor's recently cut both Nokia's credit rating to "junk" because of its bleak outlook.
Investors said they were willing to give Mr. Elop and the company longer, but wanted to see signs of a recovery soon.
"Something had to happen this year that give confidence back," said Tomi Lahti, who said he held the shares since the company was the country's industrial flagship.
"It's more of a sentimental, I have, which probably has nothing to do with numbers. I have to believe in it because there is this famous Finnish company," he said.
Ari RIKKILÄ, head of the Finnish software company Efecte, said he bought shares earlier this year in hopes of Mr. Siilasmaa help the company recovers.
"This year, the strategy must be implemented. Next year should see the results," he said.
Mr. Siilasmaa predecessor, Jorma Ollila, also promised a series of new products, in an interview on Thursday, including growing doubt the company had the right products to compete with rivals like Apple.
In an interview with the Financial Times, said Ollila, the Finnish company will launch a series of tablets and "hybrid" smart mobile devices, but did not say when.
Once hailed as a national hero in Finland Nokia to transform from a toilet paper to rubber boots conglomerate of world number 1 mobile phone maker in 1998, Mr. Ollila, had already been criticized for neglecting the development of smartphones.
Mr. Ollila, who will resign at the meeting after 27 years with the company, admitted that Nokia had been too slow in the beginning of the smartphone revolution, but said the combination of new products and services Nokia could help.
Nokia is expected to submit its first Tablet PC later this year, when the new operating system Microsoft Windows 8 is available.
Analysts said it would be hard for Nokia to make a transition to the Tablet PC market.
"Nokia will not be easy to enter the tablet market worldwide, as is clearly dominated by Apple, but Amazon has proved popular with its Fuego model that there are gaps in the tablet market is, if you look hard enough, "says Neil Mawston, an analyst at Strategy Analytics.
Gartner analyst Carolina Milanesi said Nokia was not a disadvantage compared with other vendors to compete with Apple and could leverage its relationship with Microsoft.
"They also understand much more than PC vendors makes the relationship between smartphones and tablets. Also have a distribution channel outside the United States and Western Europe in the consumer," he said.
Mr. Ollila said he wished he could leave with a higher note. In a survey published by the national broadcaster YLE last week, about 40 percent of analysts following the company rated his 13 years as president of "bad" or "unacceptable."
"Every president wants to leave a thriving business when you leave. I would have liked that," said Mr. Ollila. "I firmly believe that Nokia will recover from this difficult situation, moving from shadow to light."
Nokia shares fell 0.5 percent to 2.69 euros on Thursday, investors in recent days in stock are entitled to 0.20 euro per share dividend.
