Big Tech: Nokia Fires 10K, Looks to Undercut Cheap Android Phones

Nokia says it's cutting 10,000 jobs and expects its second quarter to be worse than the first. This is bad news for Microsoft, which has teamed with the company formerly known as the world's largest cell phone maker in hopes of finally capturing a piece of the mobile market.

Source: http://www.wired.com/business/2012/06/nokia-fires-10000-looks-to-undercut-cheap-android-phones/

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