Nokia is back to doing what it does best.

FORBES: Is Nokia Stock Oversold?

But it appears Nokia is going back to their old ways - sort of.

ENGADGET: QD US Launch Delayed

Nokia is working its way back into Verizon's good graces, too.

FORBES: On The Cover/Top Stories

"In the U.S. market, the Nokia platform is at the back of the line behind all these other guys, " says Roger Kay, president of tech consultancy Endpoint Technologies Associates Inc.

WSJ: Nokia Cancels U.S. Launch of X7 Phone

On any pull back, Nokia stock is still a reasonable speculation.

FORBES: Apple's Bad Omen From Losing To Nokia In China

By the time the transition is complete, Nokia could be looking back at further market share declines.

FORBES: Nokia's Pact with Microsoft Makes It Look Like A $12 Stock

The mood at the company is buoyant: in addition to the satisfaction of having bounced back so convincingly, Nokia's strong financial performance meant big bonuses for many employees.

ECONOMIST: Face value

Nokia was derailed before it could capitalize on this vision but I think in its new approach to cameras it is headed back there.

FORBES: Hand Me That Nokia, Samsung Is On Vacation