UIQ files for bankruptcy

vasant21 — Mon, 05 Jan 2009 21:08:44 +0200

One of my friend informed me about UIQ declaring bankruptcy, and I thought, this would be an interesting topic to start my blogs with:

Johan Sandberg, CEO of UIQ Technology said, "We got into a position where we have no customers, no product to sell, and therefore no income either".

While this outcome has been the most likely since the announcement of the Symbian foundation last year the decline has been rapid. Sony Ericsson's decision to switch, sooner rather than later, to the Symbian Foundation Platform (effectively S60) and Motorola cancellation of its substantial 2009 UIQ portfolio (and switch to Android), both accelerated the decline of UIQ Technology.

Approximately 200 people were still working for UIQ when the announcement was made. Responsibility for the operating and winding down of UIQ Technology falls to the insolvency administrator appointed by the Blekinge district court.

More Information can be found here:

http://uk.reuters.com/article/governmentFilingsNews/idUKL55414120090105

http://www.allaboutsymbian.com/news/item/8727_UIQ_files_for_bankruptcy.php

Vasant Patel's Forum Nokia Blog

UIQ files for bankruptcy