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Symbian Foundation’s Fate Up In The Air?

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The Symbian Foundation has a rough road ahead of it, and without support from many handset-makers beyond Nokia (NYSE: NOK), it may face be forced to close operations because of insufficient funding, reports The Register, according to unnamed sources.

A Symbian spokesperson confirmed to The Register that the board is currently reviewing the group’s strategy, but declined to provide any details yet because “no decisions have been made.”

As we reported last week, Executive Director Lee M. Williams stepped down from his position for personal reasons after two years on the job. The Board of Directors appointed Tim Holbrow, formerly the Symbian Foundation’s CFO, to the position, effective immediately. The Register claims that it is Holbrow’s job to wind down operations and that Foundation employees are being offered redundancy packages. Additionally, over the past few months, the support for Symbian’s open source OS has been dwindling with both Sony (NYSE: SNE) Ericsson (NSDQ: ERIC) and Samsung cutting back on its commitment to the platform.

While it remains the top-selling mobile OS around the world, it’s fate is clearly up in the air as Nokia’s new CEO Stephen Elop is likely re-evaluating everything the company is doing as it struggles against cutting edge smartphones built on Apple’s iOS and Google’s Android.