Well if it's any consolation I've taken a bath on this one as well. Elop should share the pain his salary and stock options should be clawed back. If he knew about the incompatibility issues (7.5 ---> 8 migration it should have been disclosed to the SEC in a regulatory filing, and if he did know he should have insisted on being able to produce an Android device to mitigate the losses.
The issue here is (like that old Watergate question) If he knew, what did he know and when did he know it?
>The issue here is (like that old Watergate question) If he knew, what did he know and when did he know it?<
Well as CEO, along with Nokia's Chief Technology officer, he should have known from the beginning. Before signing the agreement. WP8/Apollo was in the planning stages long before Nokia signed on to WP7. The OS migration path for WP7 should have been discussed extensively as well as compatibility issues. MSFT contrained Nokia out of the gate, mostly by not going dual core. Elop, at the time, said they could not "differentiate" themselves on "me too" Android phones. Absurd. How have they done so with MSFT when MSFT is holding all the cards? In fact, with the customization on Android, they would have done exactly the opposite of what Elop said.
This reeks of incompetence on Elop and Nokia's part and shows a lack of disclosure and transparency on MSFT's part. Nokia needs to pressure MSFT for more $$$, (equity investment in addition to the platform support payments) or an asset sale of the smartphone/mapping divisions.
Nokia has become the "Biggest Loser" fat kid trying to run a sprint against Gold medal winner Usain Bolt (Apple). That's not going to turn out well.