“There are no opportunities to create a new line of business in the current financial climate.” Those are the words of UIQ CEO Johan Sandberg as he informed Reuters UK that UIQ Technology AB was filing for bankruptcy. UIQ, owned in majority by Sony Ericsson and Motorola, received a death blow from which it could not recover as a result of the formation of the Symbian Foundation, and with the introduction of Nokia’s touch-friendly mobile operating system, S60 5th Edition. UIQ first began cutting its workforce back in July as its majority holders moved to the Symbian platform. Both Sony Ericsson and Motorola joined the Open Handset Alliance as well, leaving little room for the UIQ OS which has struggled with adoption throughout its lifespan. Now that Symbian will be available to partners free of charge thanks to the Symbian Foundation, the world’s most popular smartphone OS proved to be too much for UIQ to compete with. UIQ currently employs approximately 200 people and it has yet to make a formal statement regarding its bankruptcy.

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Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.