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Analysts: Nokia On Track To Burn Through Its Whole $6B Cash Pile In Next 2 Years

The Facebook IPO is expected to usher in a day of massive trading volumes on the markets, and some believe that might translate to a lift for some tech stocks. But one that could really use some help has just been served another course of bad press: Nokia is apparently burning through its cash reserves — fast. The company, for years the biggest mobile phone maker in the world, has fallen on very tough times, as competition from companies like Samsung, Apple and a barrage of inexpensive device makers, have translated into declines in sales, market share and profitability. That’s now translating into what has been identified as another issue: the burning of the cash pile. In the last five quarters, Nokia has burned through €2.1 billion ($2.7 billion) from its cash reserves. Analysts polled by Reuters on average believe that at the rate Nokia is going, it will go through another €2 billion ($2.5 billion) in the next three quarters, with the total current cash pile of €4.9 billion ($6 billion) gone within two years. To put that in some context, in 2007 Nokia had cash reserves of €10 billion in 2007 ($12.7 billion). That points to its cash pile burn accelerating — a result of...

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HTC Evo 4G LTE Shipments Now Delayed at Best Buy

The retailer is now alerting customers that their orders for the Evo 4G LTE are being delayed indefinitely since Sprint has changed the release date. [Read more]...

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Delayed HTC EVO 4G LTE Might Finally Get Here May 23

HTC's One X and EVO 4G LTE are both held up in customs right now. Patent trouble. But according to updates folks who preordered the Sprint phone, the EVO 4G LTE has a tentative date of May 23. More »...

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Judge tells Apple and HTC to Start Talking Settlement

The order comes after two key HTC smartphones are stopped at the border as a result of their ongoing dispute. [Read more]...

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Android: What, Me Fragmented?

There are nearly 4,000 different types of devices running Android, OpenSignalMaps has found. More than 1,300 of them have custom ROMs that tweak the android.build model. Android brands are almost as diverse as the models, OpenSignalMaps discovered. Further, the application programming interface level, meaning the Android version, has also become...

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