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Shares of Nokia plummeted to a 16-year low after the once-dominant handset manufacturer again reduced its earnings forecast and said it would cut as many as 10,000 jobs. But the Finnish company offered a ray of hope — or maybe desperation — by disclosing that Microsoft has offered “specific support” to help it produce cheaper Windows Phone handsets that can compete with the most affordable Android phones on the market. That will be key for Nokia to compete with Android in emerging markets like China and India, where sales of cheap smartphones are surging. And it’s worth noting that those markets are the same ones Nokia sacrificed when all but abandoned its Symbian operating system.