QOrganizerManager instance takes constantly up to 99.9% of CPU

Creating QOrganizerManager instance in an application and doing nothing else causes the application to eat up all of CPU.
Running the application in scratchbox or in N900 and then running 'top' reveals that the application takes constantly up to 99.9% of CPU.

Below you can find the main.cpp needed to reproduce this bug:

#include <QtGui/QApplication>
#include <QtGui/QMainWindow>
#include <QOrganizerManager>
QTM_USE_NAMESPACE;

int main(int argc, char *argv[])
{
QApplication a(argc, argv);
QOrganizerManager manager;
QMainWindow w;
w.show();
return a.exec();
}