September 18, 2008

Wall St. havoc deals blow to mobile phone makers

According to Reuters, mobile phone makers and operators risk losing thousands of their most profitable customers as financial havoc whacks the global banking industry.

"Analysts said the success of Blackberry-maker RIM is the most dependent on Wall Street's future.

In worst case scenario 40,000 workers may lose their jobs in finance following Lehman's collapse and problems at other big financial firms, New York Governor David Paterson said earlier this week."

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