Nokia isn't dead though. They are a top-tier player in network equipment along with Ericsson and Huawei.
The company is profitable, its market cap is around $26 billion USD, and they recently announced a major deal to acquire Alcatel-Lucent. They seem to have survived the amputation of the mobile phone division quite well.
Buying Alcatel-Lucent suggests to me they aren't all that healthy, based in part on my working at Lucent in 2001 and paying attention to that field since then. And "amputating" what was once more than 2/3rds of the company, going back to 2002, yikes. But, still, you might be right depending on how you define this sort of business health.
Scary how their revenue peaked the year the iPhone came out....
