Europe, Nokia futures
Finally East was asked about Europe's fortunes and whether the fall
of Nokia and exits from electronics manufacturing were a source of
concern. East, who sits atop a company that turns in profits quarter
after quarter, expressed the belief that the situation is not as
based as it is portrayed. "We do participate in some European
collaborative research projects. And there is quite a lot of
innovative electronic system design going on in the U.K."
East added: "Nokia's numbers are heading south but this can change.
They missed out on the smartphone revolution so they will probably
decline for a bit longer. But they have a fantastic record of
re-inventing themselves. I wouldn't bet against Nokia."
East said that while things may look disappointing if we measure
European presence in established markets such as consumer electronic
equipment production and the mobile phone sector it is important to
look forward. "Maybe other industries will develop in Europe – like
the Internet of Things. There's great potential for Europe to play a
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