Google announced Monday it intends to purchase Motorola Mobility for $12.5 billion, pursuant to regulatory approval. That price is a premium of 63 percent over the closing price of Motorola Mobility shares on Friday. The deal was unanimously approved by the boards of directors of both companies. The...
A consortium of six major tech players calling themselves "Rockstar Bidco" won a $4.5 billion bid for 6,000 Nortel patents in June. The deal closed last week, but all may not be said and done. The Department of Justice reportedly intends to ask the consortium members just what they plan to do with t...
Sprint Nextel stock tumbled as the company came out with its quarterly earnings report Thursday, in which it highlighted improved customer service but also announced a higher-than-expected net loss of $847 million as well as a loss of 101,000 postpaid subscribers. Wall Street analysts weren't surpri...
Nortel awarded its 6,000 patents to the winning bidder, and it wasn't Google -- it was a consortium of six mobile technology leaders: Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony. The group paid $4.5 billion in auction that took place over several days. Google set the starting figure...
Sony Ericsson announced two new Android smartphones Wednesday: the Xperia Ray and the Xperia Active. Both run Android 2.3, aka "Gingerbread," and use the Mobile Bravia Engine. They will both be available in select markets worldwide in the third quarter, Sony Ericsson said. The Ray appears to be focu...
Verizon Wireless announced Thursday that it will release its first Windows 7 smartphone, the HTC Trophy 7, for sale online May 26. Windows Phone 7 devices are the only smartphones that let owners play games with Xbox Live subscribers, Verizon said. This is the another smartphone in Verizon's lineup ...
The AT&T, T-Mobile merger is getting lots of attention. Arguments on both sides make sense, but only one side will win. Which side are you on, and why? Have you thought it through? I am not saying this deal shouldn't happen. What I am saying is that AT&T is only looking at the reasons for an...
It appears that Sony is definitely planning to join the tablet wars: Its CEO Howard Stringer told the Nikkei newspaper that the company was planning to deliver a Honeycomb-based tablet no later than the end of the year, and possibly, according to some versions of his comments, as soon as this summer...
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