> Was it worth it for Microsoft to take a $7.6 billion hit just
> to take Nokia out of the mobile phone business?
How much you think microsoft spent money developing their windows phone OS? It had no hardware for the OS before buying nokia's hardware... Microsoft invested HUGE pile of money without knowing beforehand that they'd get hardware for their software.
My bet is that Nokia buys the phones back from microsoft once microsoft's OS becomes outdated. And then they have something new available for the users? Should think in the long term plans -- what OS is going to replace windows phone?