Linked by Thom Holwerda on Fri 25th Jan 2013 14:20 UTC
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http://www.bloomberg.com/news/2013-01-28/nokia-bond-risks-endure-af...
"Excluding NSN, Nokia continued to burn cash in the fourth quarter, at a rate which is likely to increase in Q1”
“Cutting the dividend helps Nokia’s liquidity and they should have done it a year ago,” said Ping Zhao, an analyst at CreditSights Inc. in New York. “They need to cut costs further. Even though they made progress, the smartphone is nowhere near turnaround. It’s going to be a long and hard slog for them to get back.”