There is one other thing I became aware of just now:

As we know Nokia (U.S.) shares tanked 14% on Friday alone. And what is even more concerning is that the volume was ten-fold the average volume of shares traded. Looks like big (institutional?) investors dumped the stock after they learned about the new strategic direction. Apparently high paid professionals working for big funds do not like what they heard.

Even today, a few days after the announcement, I cannot see why this strategy is beneficial for Nokia.