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Slideshow Nokia promises new products to exasperated investors Tweet Share this Email Print Related News Nokia files patent lawsuits against HTC, RIM Wed, May 2 2012 Nokia and Carl Zeiss extend camera phone deal Wed, May 2 2012 RIM offers BlackBerry 10 tools to lure developers Tue, May 1 2012 It's not a BlackBerry World anymore Mon, Apr 30 2012 Galaxy phones power Samsung to record $5.2 billion profit Fri, Apr 27 2012 Analysis & Opinion Essential reading: Microsoft’s Nevada tax break, debating Apple’s tax rate, and more Who won Microsoft v. Barnes & Noble patent litigation? Related Topics Tech » Media » 1 of 2. Illustration picture shows Nokia logo on used cell phone, in Zurich, April 30, 2012. Credit: Reuters/Christian Hartmann HELSINKI/LONDON | Thu May 3, 2012 3:34am EDT HELSINKI/LONDON (Reuters) - Nokia's outgoing Chairman Jorma Ollila promised a range of new products ahead of a meeting on Thursday with shareholders who are increasingly losing patience with the company's recovery efforts. In an interview published on Thursday, Ollila told the Financial Times the Finnish company would launch a range of tablets and "hybrid" smart mobile devices, but did not say when. Ollila, who will step down at the meeting after 27 years with the company, told the Financial Times that Nokia had been too slow at the start of the smartphone revolution, but said the combination of new products and Nokia services would help. Nokia is widely expected to unveil its first tablet computer later this year when Microsoft's new Windows 8 operating system becomes available. "Nokia's fate in tablets is directly linked to Microsoft, which also has to succeed in this space," said Pohjola analyst Hannu Rauhala. Nokia has lost out to Apple Inc and Google Inc in the smartphone business and is now pinning hopes of a turnaround on Lumia, a new range of smartphones which use Microsoft software. Once hailed as a national hero in Finland for transforming Nokia from a toilet paper-to-rubber boots conglomerate to the world's No 1 cellphone maker in 1998, Ollila has since come under criticism for neglecting the emergence of smartphones. "Tablets are an important one, so that is being looked into, and there will be different hybrids, different form factors in the future," he said. Sales of Nokia's new smartphone range have so far been slow and are yet to compensate for diving sales of previous products. Nokia also lost its position as the largest volume cellphone maker to Samsung Electronics last quarter. Nokia executives are likely to face a grilling on these issues at Thursday's meeting. Investors have seen the value of their Nokia holding fall 90 percent in less than five years -- two-thirds of that since its new chief executive Stephen Elop unveiled the company's strategy shift to Microsoft in February 2011. Most attendees are likely to be individual shareholders as institutional investors usually do not come to such meetings. The meeting follows moves by ratings agencies Fitch and Standard & Poor's to cut Nokia's credit rating to "junk" status given its bleak outlook [ID:nL6E8FR75J] Ollila will hand over his role to Risto Siilasmaa after the shareholders meeting. In a poll published by national broadcaster YLE last week, around 40 percent of analysts following the company rated his 13 years' work as chairman as 'poor' or 'unacceptable'. Shares in Nokia were 0.8 percent higher at 2.722 euros by 0822 GMT, on the last day investors in the stock have the right to a 0.20 euros per share dividend. (Reporting by Tarmo Virki and Stephen Mangan; Editing by Robert Birsel and Sophie Walker) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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