Simply put, Nokia (NOK) is a mess. Where once this was the world's best cell phone maker and the owner of a high-quality balance sheet, now the company is struggling to stay relevant and stem the loss of market share to Apple (AAPL) and Samsung (SSNLF.PK). Although the company's feature phone business in North America looks as though its in shambles, the company does have enough liquidity and time to make what may be a last stand around its Microsoft (MSFT) Windows-powered Lumia.
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Can Nokia Pull Out Of Its Death Spiral?