On a general basis, it's a great time to buy stocks when a nowhere-near-bankruptcy firm delivers short term bad news. There's bound to come some good news at some time.

In Nokias case, their strong footing in all developing markets says they can fail as much they want to in smartphones and still be the world's strongest cell phone firm. Maybe it takes a CEO or two, and a Symbian rewrite or two, but Nokia is going nowhere. They're selling loads of phones.