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battleop

join:2005-09-28
00000

To our employees...

Thanks for all your hard work, please accept this pink thank you card.



Fobulous
Premium
join:2002-08-14
Missouri City, TX

Yeah it's sad.. i know that they are selling off properties as well.. they might have cash on hand.. but the way they are doing business right now.. that cash will get burned up really quickly.
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Gwalachmai

@noseynick.net

Despite writing off 1B in unsold Z10 inventory, their bank balance dropped from 3.1 to 2.6B, a loss of "only" 0.5B. If they continue to write off 1B in unsold phones every quarter, they will last 5 quarters, or approx Jan 2015. It seems more likely they will stop writing off unsold phones, and then they're quickly back to approx 0.5B profit per quarter.