The stock value is still on the way down, 1/6th of what it was at the top in 2007, and there’s no stopping in sight. If the value gets low enough Microsoft will surely buy the company.
I’m still convinced it would have been better to go for Meego than Windows Mobile. The investment wouldn’t have been bigger (Meego was pretty much ready), and technically it would have been much more in line with modern needs of mobile phones and tablets. Sure, it’s good for Nokia to get a billion (or more) as part of the collaboration, which also indicates Microsoft is somewhat serious about it, but money doesn’t help if creativity and initiative is gone.
As I’ve written before, Nokia must take control over the platform and application development. Otherwise the collaboration will be a turkey.