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What you missed is that Microsoft didn't buy Nokia or the brand. Nokia only sold its ‘Devices and Services’ business to Microsoft. Nokia was left with Nokia Networks, Business Services, HERE, Nokia Research. MS licensed "Nokia" brand from Nokia for limited time. Nokia can't make mobile phones until 2015.

Microsoft did not buy Nokia, just its mobile division, and the exclusive right to use the Nokia brand to sell mobile phones for some time. This is the actual Nokia corporation licensing its brand for a Foxconn tablet.

Yep. a bit more digging and I found out they do this: http://n1.nokia.com/ but without a 3g card, at least until their contract with MS runs out.

Yes, a great deal. Nokia is still an independent company, even though it sold a division of theirs to Microsoft a while back.

Microsoft also bought a license to the Nokia brand on select products for a set period.