With Nokia’s on-going legacy-woes (prior to essentially placing their future on a bet with Microsoft and their unproven mobile phone OS) the firm looks to be in an almost unescapable death spiral (which is never a good thing regarding those that lose their jobs, etc.) due to a combination of hubris; insularity; a (corporate) solo mentality and basically getting caught flat-footed regarding the Smartphone Revolution (akin to the PC Revolution and the fallout of many typewriter firms that went by the wayside… remember Singer as but one example?) In sum, their situation is looking anything but almost terminal (at this juncture).
(Source) Reuters: http://goo.gl/7IXTV