Well, I and some analysts beg to differ (not that I give a lot about other analysts, but I give a lot about my own opinion ).

This is what Andy Perkins (Societe Generale) writes:

"We believe that to date most attention has been focused on Nokia’s deteriorating handset position. However, we are perhaps more concerned with the rapidly deteriorating cash position. Firstly, by excluding NSN from our calculations we find that the company actually went through over €900m in the first quarter alone. Secondly, we find that the handset division could burn though €1.6bn this year in operations. Thirdly, total handset restructuring costs could total €2bn over the next two years as the company has to downside rapidly. We reason that the extremely fast fall in revenues will require very large cash restructuring charges to reduce expenses in line with lower revenues. We now forecast an additional €2bn in charges for Nokia’s Device & Services business over the next two years. However, if Nokia follows a similar trajectory to Motorola, there could be a further substantial fall in sales with further restructuring. On our calculations, such an additional fall could be enough to burn through most of Nokia’s existing cash pile and even bring into question Nokia’s very survival. At the moment, this remains an alternative scenario to our base case, but it can’t be ignored.

And sorry that I talk about Nokia's stock (down another 5% scratching the $3 mark on the NYSE).