Worries mountain as Nokia browns by cash
LONDON/HELSINKI, May 18 (IFR/Reuters) – Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker’s ability to stabilize its finances in the months ahead. With the cost of Nokia’s debt rising, the most bearish of analysts in a Reuters poll said the company could even be at risk of default if it fails to slow the burning of its cash. Over the past five quarters, Readmore
