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Comment by yitchelle | Hacker News Reader

Nokia is like one of the Japanese/Korean conglomerate where it touches everything[1]. Looking back at its stories, it got involve in power generation, TV manufacture, even forestry. I am sure that this is only part of its evolution.

[1] - http://www.nokia.com/global/about-nokia/about-us/the-nokia-s...

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Not any more. Those parts of Nokia Keiretsu that once was exist today as independent companies.

http://www.nokiantyres.com/ http://www.nokiantires.com/

http://nokianjalkineet.fi/en/ http://www.nokianfootwear.com/

Nokia Cable is now http://www.nkcommunications.com

Conglomerate is not a Keiretsu and a keiretsu is not a conglomerate. Keiretsu is cross-ownership of shares centered around a bank.

If you absolutely must use a Japanese term, go with Zaibatsu.

http://en.wikipedia.org/wiki/Keiretsu http://en.wikipedia.org/wiki/Zaibatsu

Ownership of big Finnish companies formed Keiretsu type arrangement until the beginning of the 80's. Finland had two big banks, SYP and KOP, and they formed two camps that cross owned large sectors of Finnish business.

Nokia was mostly in the SYP camp. SYP owned directly 20% of Nokia and even more trough it's insurance companies and other investors.

That they're spun off is probably a good thing. Nokian tires are basically the best winter tires around. It's gone so far that consumer tests are superfluous. Nokian winter tires and Continental summer tires are the be-all, end-all of tires. Why the hell do I know this? I don't even own a car...

This is true. For over a century Nokia has bounced from one industry to another. As I like to tell people, "Nokia was pivoting before pivoting was cool" :)

We will do more great things at Nokia.

My TV is a Nokia "fat screen", bought in Stockholm some time in the late 90's. Where I live now, people only know their cellphones and don't believe it's "that" Nokia who made my TV :)

Same here, I went to an older style hotel a couple years back, and it had Nokia TVs on a wall mounted arms. I was confused!

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