I have iphone 3gs 16 gb. after i downloaded software version 5.0, my phone stopped working. it keeps saying that the phone doesnt have a simcard.

I got a message that " iphone software version 5.0 is available" for my iphone. After i updated it, i got a message that my iphone could not be activated and to try to connect to itunes which i did, but i got a message that my phone has no sim card. Even with a sim card inside, my phone says that there's "No service." What happened? Help!!!

Yes, I tried. But nothing is working. I am feeling bad as such a costly phone stop working in 1.4 year ?
I am just sharing my experience.
I am not ranting but yes angry as I am eligible for upgrade in Nov 2012 so don't want to pay $149 for replacement as I can upgrade to iPhone 5.
Apple expert please help me how can I fix it. It's completely software issue.

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