There have been rumors that both Nokia and Microsoft have been working on smartwatches separately, and work likely won't be stopping on either side as the acquisition process is in the works. Now, we're getting what may be the first look at a smartwatch in the works by Nokia. Although there isn't a lot of information that can be gleaned from the image...
Source: http://www.phonearena.com/news/Possible-Nokia-smartwatch-caught-on-camera_id47955
Source: http://www.phonearena.com/news/Possible-Nokia-smartwatch-caught-on-camera_id47955