Reports of a cool new product out of Nokia give investors some hope that the company's product palette can keep the loss-making company alive as its cash resources dwindle. My understanding is that the latest cuts at Nokia will include the research and development function, meaning that Nokia is definitely cutting into bone and not just fat in its quest to staunch the drain on cash flow. However, now we learn of an exciting new product, a phone with an incredibly powerful camera.
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.