I have said this before, but a hostile take-over, or any take-over, at Nokia is very unlikely, almost unimaginable. Lots of people would like well performing Nokia, but the present owners must also be willing to sell. Nokia is very much like VW, solid to the core. Besides Nokia as it is today is way too troubled for any serious buyer with enough cash. Maybe a merge with SE or Huawei, or even HTC? which will work as a back door for Nokia into Android. It is all way too speculative for me. I think Nokia will persist. WP will eventually carve out a nice market share for Nokia and Samsung to thrive. S40 will become something much more than most people is able to imagine (together with Bada), and Harmattan will live on as well as a nice little niche.