Like I said a few months ago, it was obvious that the split in the business was to restructure debt and write down losses.

Doubt they survive this, and honestly hope they don't. They've made such a miserably poor fist of almost everything. Perhaps someone else can do more with the assets (if they're sold or released) than they have proved able or capable of doing. Besides, it's bad for Linux and alt(mobile).OSes to have another failure - particularly one that hangs around for too long and sucks in more (naive) VC.

I was always doubtful that anything would materialise from the Intex announcement; there are very good reasons why no-one else has been willing to partner with them or license SF. I think it's now heavily odds against that we'll see an Intex device ... unless they somehow come out of this restructuring leaner, meaner and with some kind of direction.

Also, if they aren't to fold, surely Saarnio has to go. He's overseen failure after failure, and this year, pretty much calamity. I don't see how they can raise another round of finance with him at the helm.