Nokia has canceled its first MeeGo phone before it even had a chance to launch, according to a report by Reuters, citing two industry sources.

The news, if true, can be read in multiple ways. You could look at it as yet another failure for Nokia, or, more optimistically, you can view it as a wise decision if the companya4‚¬a4„s first MeeGo device wasna4‚¬a4„t living up to its expectations. I choose the latter.

Nokia has been talking about MeeGo, its joint OS project with Intel, for years now. And while developers have seen it in action, the company has yet to publicly show off the OS &8212' and more importantly, to explain why it will be worth the wait. So if Nokia realized that its first stab at a MeeGo device wasna4‚¬a4„t up to snuff, the wisest decision would be to drop it and try something new.

The canceled device may be the Nokia 9-00, a smartphone with a sliding hardware keyboard similar to the E7.

A second MeeGo device may still make an appearance during Nokia CEO Stephen Elopa4‚¬a4„s announcement on Friday, where he plans to unveil his grand new corporate strategy. Elop will reportedly sack several Nokia executives on Friday. And given his recent memo to Nokia employees, I think therea4‚¬a4„s a good chance wea4‚¬a4„ll see the company partner with Microsoft to provide Windows Phone 7 devices.

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Tags: meego, smartphones, Windows Phone 7

Companies: nokia

People: Stephen Elop

Tags: meego, smartphones, Windows Phone 7

Companies: nokia

People: Stephen Elop

Devindra Hardawar is VentureBeat's lead mobile writer and East Coast correspondent. He studied philosophy at Amherst College, worked in IT support for several years, and has been writing about technology since 2004. He now lives in Brooklyn, New York. You can reach him at devindra@venturebeat.com (all story pitches should also be sent to tips@venturebeat.com), and on Twitter at @Devindra.

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