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€1.5bn hole? Last I checked they had €4.2bn in the bank?

http://press.nokia.com/2012/07/19/nokia-corporation-q2-2012-...

Edit: €1.3bn loss in Q1, €800ml loss last quarter. I guess that's what you meant. Still, not a "hole"... just driving straight into one :)

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Sorry, probably not the right metaphor to use really. From the article, it suggested that division of Nokia was losing €1.5bn annually, and I don't think selling map software to mobile phone owners would make that much when there are already plenty of free (beer) alternatives.

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