The headline would be more accurate - though not as punchy - if it spoke of ashes of Nokia's device business, not Nokia as a whole. Microsoft took over the devices but the rest of the company is still there and very much alive. Net sales last year 12 732 M€, profit of continuing operations 1 171 M€. It's not as huge as in 2007, but not doing badly at all.

But indeed there is a lot of startup activity by people who've left Nokia; I joined one that failed, but I'm glad we tried. It would have gnawed my soul if I hadn't joined an attempt when there was the opportunity.