Software firm UIQ files for bankruptcy
STOCKHOLM Jan 5 (Reuters) - Software company UIQ, jointly owned by Sony Ericsson (6758.T)(ERICb.ST) and Motorola MOT.N, has filed for bankruptcy in a district court in Sweden, the company's top executive said on Monday. The software developer, which is based in Sweden, began cutting staff six months ago after its owners decided to merge its software with the Symbian platform.
World number one mobile handset maker Nokia (NOK1V.HE) last month finalised its acquisition of Symbian and has pledged to make the software available free of charge.
"There are no opportunities to create a new line of business in the current financial climate," UIQ Chief Executive Johan Sandberg told Reuters.
The company has around 200 employees. (Reporting by Niklas Pollard, editing by Will Waterman)