Nokia (NOK 0.29%) may be continuing its turnaround story, as the markets react favorably to another round of layoffs at the company. This comes as part of its repositioning strategy, slimming down and cutting costs while refocusing at its core on higher-margin phones. It recently partnered with Microsoft (MSFT 0.41%) to release smartphones running on the company's Windows Phone 8 platform, and shares have been up dramatically in the six months since that was released, although they are still down 22% overall for the last 12 months as a whole. In this video, Motley Fool tech and telecom analyst Andrew Tonner tells us whether he thinks Nokia can beat the bears and show investors a major resurgence as part of its turnaround plan, or whether it's just too far behind in the fiercely competitive smartphone landscape.