Investors looked past wretched sales and earnings to drive Nokia shares up 10% on signs of stabilization in the mobile-phone industry...

The massive de-stocking in inventory is largely complete

... the 5800 and other new feature-rich products helped the company boost its share in smartphones to 38% from 36% the previous quarter, according to market watcher Strategy Analytics.

The gain suggests that Nokia can continue to retake market share as it launches more new smartphones, such as the top-of-the-line touchscreen N97 due out in June. "Nokia is very good at moving features from the high end to the midrange and low end," says Mark McKechnie...