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UIQ files for Bankruptcy

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UIQ files for Bankruptcy
A company once “shared” by Motorola and Sony Ericsson, UIQ, has just announced that they have filed for bankruptcy. Thoughts or rumors already swarmed the software firm when they started to cut employees about six months ago. Bankruptcy was finally declared at court in Sweden. What pushed this company “over the edge” was Nokia’s purchase of Symbian, and their plan to market it for free. Their Chief Executive John Sandberg explained that their company has “no opportunities to create a new line of business in the current financial climate."

via: All About Symbian

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posted on 20 Oct 2010, 01:42

1. T-Money3000 (unregistered)

aaawwww... too bad.

posted on 15 Nov 2010, 04:12

2. RichieV (unregistered)

Wow! There are still good news even if our country is not fully recover with the recession. I'm glad I came across of this site while I am reading the news today. Anyway, let me share to you what I have read today. The North American automotive industry is experiencing a turnaround, and General Motors is no exception. According to third-quarter sales reports, GM raked in $ 2 billion in profits, which contributed to a rise in earnings per share of $ 1.20. Thanks to this success, General Motors is optimistic that next week's initial public offering of stock options will even trend well.

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