, Columnist
A Nokia Success Story. Yes, Really
When a company chases after a new technology, there's gold in the cast-offs.
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The 21 century has been cruel to Nokia Oyj. Over the past decade, the Finnish company has shed thousands of jobs. It sold its once market-leading handset business to Microsoft Corp. in 2013, where things went from bad to worse. It isn't having much fun selling telecommunications network equipment, either. A poor set of third-quarter results wiped almost a fifth off its market value last week.
But at least one company associated with Nokia is still flourishing, and it's in a sector you wouldn't necessarily expect to be a bountiful source of profit: tires.