Iphone 2g shuts down and reset date to january 1, 2000

Hi all,
I have an iphone 2g 8gb, i actually bought it from a friend last year, been using it 7 months now with no problem or any issue. But just the other day January 5, 2011(Wednesday) while charging my phone, it shuts down then I opened it and saw the date as January 1, 2000. Edited the date to current then it shuts down again, i opened it and it was dated Jan 2000 again then shuts down..
I was thinking maybe it is the alarm bug. I don't who to run to since the phone is kinda old.
Please help.
Thanks!

Hmm. Not sure what is going on there.
Try powering it completely off and then on by holding down button on top until it allows you to slide to power off.
The restore as a new device if necessary(unplug at the new/from backup screen to test before setting up as new.
Worst case scenario: ask for an out of warranty repair price, if it is out of warranty.
Articles on how to do these things are on apple website, but my be easier found on Google.

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