Just because the nature of the market is unpredictable doesn't mean it's not understood. Just because we can't predict every wave in the ocean doesn't mean a tsunami is suddenly doing to make a 90 degree turn and flow upwards.

Ossipena is right. There is no way for Steve to "acquire" Nokia. Should someone want to ditch the brand because it's sinking, then yes, it's possible for old turtlehead -er- turtleneck to pick it up.

Note, however, that no sane person alive would sell Nokia not because of net asset worth (assets don't work like in games, just because you have 40Bn doesn't mean you buy stuff), but because the value of the brand and the patents it holds are way, way beyond the "toss around" suggested.

Also, Nokia also has stuff that isn't listed as asset but adds value to the enterprise. Here's one off the top of my head: Value of locations. Once encroached in the middle of the city, having that patch is more valuable than the bricks it's made of.

And remember, assets or no assets, when selling a business it's also about income. With over 1 Bn pouring in, there's another few you have to add to the sticker price.

Steve at his best estimate is at least a zero short of Nokia's worst estimate. Be reasonable.

Oh, and, Nokia is a public limited company and a strategic industry of Finland. There is no "for sale" sign at he entrance of Finland.