back to article Indian supremes demand $573m in Nokia-Microsoft phactory selloff deal

India's Supreme Court has ordered Nokia to hand over a $572.5m guarantee before it can give the keys of one of its biggest manufacturing facilities to Microsoft. The order stems from a tax dispute over the plant in Chennai and upholds the verdict of the Delhi High Court, Reuters reported. The Finnish firm originally offered …

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  1. Anonymous Coward
    Anonymous Coward

    At last....

    ...somebody's making some money out of the whole Winpho debacle.

    1. mi1400

      Re: At last....

      No... this slum dwelling india nation has a psychological desease of just getting into news without delivering on the words... there 10$ laptop... Moon "Landing" ..... and biggest "democracy" LOL .... are just legacy of this mental desease...

  2. jake Silver badge

    How long is it going to take ...

    ... Fortune-1000 corporations to figure out that off-shoring ANYTHING isn't cost-effective over the long-haul?

    Honestly, it's been a money-sink for, what, 25 years now?

    The mind absolutely boggles ...

    1. TheOtherHobbes

      Re: How long is it going to take ...

      It's not supposed to be cost-effective over the long-haul - it's supposed to be cost-effective over the next few quarters, where the 'reduced costs' and 'increased profitability' look good on the accounts, and upper manudjment can claim that it's full of mutant levels of uber-genius business talent, which legitimises a tidal wave of bonus cash.

      Anyway, you can always compensate for increased costs with increased layoffs.

      1. Anonymous Coward
        Anonymous Coward

        Re: How long is it going to take ...

        With all the layoffs, at some point, the geniuses are going to have to run the company entirely on their own. Doubtless the business schools are already primed to offer the MMBABA degree - master of MBA-business administration.

        But it will all be fine. All the C-level jobs will be outsourced to India, and the whole thing will be run by the new PCEO (Paramount Chief Executive Officer), who will soon need a PCOO, PCFO and so on.

        At some point, someone will notice that you now need an MBA in operations to get a job sweeping floors, and the complaints about grade inflation will start.

      2. Andus McCoatover

        cost-effective over the next few quarters...

        Yeah, I remember working for a company that was so obviously going down the U-bend,

        Drinking in a bar with the bosses, where one of the managers lit a cigarette with a £20 note. The same day they'd laid off about a third of the workforce, leaving 6 of us to hold the fort.

        Then, some 'cunning stunt' by a salesman convinced them to use factoring to enhance their cashflow.

        Yeah. Does. Until the customers realise "Factoring" == "Cashflow Problems" and left in droves.

        Wondering if this escrow thing is a bit of a trick, to scupper the whole deal? It'd work..

    2. Anonymous Coward
      Anonymous Coward

      Re: How long is it going to take ...

      Looks like the Chinese and Indians are on here down-voting you.

      Off-shoring is not always bad. The problem comes because there is a lack of talent everywhere you go. The first people to offshore hire all the local talent, and then as you get into second tier standards drop. Meanwhile it has become fashionable and people start to offshore things that should not be offshored.

      I used to liken it to farmers and golf courses. Farmer A has some poor land and builds a golf course. He gets rich. Farmers B,C,D and E notice this and decide to build golf courses. They may not even have suitable land, but he got rich so it must work. Before long they are offering free membership and even allowing women in the bar. Customers of Farmer A notice and so he has to reduce his prices. Before long, all the golf courses are losing money.

      It's the law of supply and demand, but adapted for the minds of management.

  3. Mikel

    Left at the altar

    Now would be a good time for Redmond to announce they've thought better of it.

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