Archive for the ‘MAJOR PLAYERS’ Category

CONTRACT OF SALE OF APPLE ESTABLISHING THE COMPANY SELLS FOR $1.59M @ SOTHEBY’S NEW YORK

Wednesday, December 14th, 2011

A brief three-page contract  establishing Apple has sold for $US1.59 million at Sotheby’s auction house in New York.

A phone bidder acquired the document, signed on April 1, 1976, by Steve Jobs, Steve Wozniak and Ronald Wayne. The price, which includes the buyer’s premium, soared past the estimated presale range of $US100,000 to $US150,000.

The contract was initially owned by Wayne, who met Jobs while working at Atari Inc. Wozniak, a friend of Jobs, worked at Hewlett-Packard Co. Jobs enlisted Wayne to persuade Wozniak to join Apple. His success in doing so earned Wayne a 10 per cent share in the new company.

Eleven days after signing the contract, Wayne withdrew from the partnership… The move is documented by a County of Santa Clara, California, statement and an amendment to the contract, both of which were included in the Sotheby’s lot. Wayne received $US800 for relinquishing his 10 per cent ownership of Apple, according to the document. He subsequently received an additional payment of $US1500, according to Sotheby’s.

Based on Apple’s market capitalisation today, Wayne’s 10 per cent stake would be valued at more than $US36 billion.

Jobs died at 56 on October 5.

In an October 7 interview with Bloomberg, Wayne, 77, called Wozniak and Jobs “intellectual giants”, but “also felt it was going to be something of a roller coaster”, adding, “If I’d stayed with them, I was going to wind up the richest man in the cemetery.”

Sourced & published by Henry Sapiecha

AUSTRALIAN TELCO GIVES A MUM $91,000 PHONE BILL FOR SMS MESSAGES

Tuesday, June 7th, 2011

Queensland Australia mum gets a $91,000 phone bill from Telstra

A $91,372 phone bill has Highfields mother of two Kym Ford at breaking point.Kym Ford is tired of getting the run-around by Telstra over a ridiculously large, $91,372 bill.

Callum Bentley

A $91,372 phone bill has Highfields mother of two Kym Ford at breaking point.

The Telstra bill, comprising mainly unknown SMS charges, is a mystery to Ms Ford.

She contacted Telstra’s complaints department to have the charges cleared and was told the “simple computer glitch” would immediately be corrected.

But a month later she received another bill which this time had an outstanding balance of $91,412.98.

Ms Ford again contacted Telstra.

“I was told that the first bill would be credited straight away and the complaint was closed,” she said.

“But then they told me the second time that nothing had actually been done.”

Ms Ford said it just took some simple maths to shed light on just how ridiculous the charges were.

At 25 cents a text message, she would have had to have sent 365,488 messages a month or eight messages every minute.

The ludicrous phone bills were not the last of Ms Ford’s worries.

After returning from holidays in January, she found an iPhone waiting for her complete with a bill of $1100.

Ms Ford said she had never ordered or signed-up for the iPhone.

“I sent it back to them straight away as I had only just signed up for this phone that I have now,” she said.

“Now I’m receiving late charges for overdue amounts for this mystery iPhone.”

The overdue charges for the iPhone have added up to $340 which Ms Ford said was adding to the financial pressure she was already feeling.

“As a single mother of two with a house to pay off, I’m afraid the overdue fees will affect my credit rating,” she said.

“I don’t understand why it’s such a problem; all of the calls were recorded.”

A Telstra representative said the charges applied to Ms Ford were still being investigated and she would be contacted shortly.

“It appears that the charges may be a result of fraudulent activity,” the representative said.

“The customer may have replied to an email or phone call requesting her details.”

The representative said all of the charges relating to the iPhone would be waived.

Sourced & published by Henry Sapiecha

NOKIA SLASHES THOUSANDS OF JOBS TO REMAIN COMPETITIVE IN THE SMARTPHONE MARKET

Thursday, April 28th, 2011

Nokia slashes

7000 jobs

as it struggles

to compete

April 28, 2011 – 11:52AM

Nokia will axe 7000 jobs and outsource its Symbian software development unit to cut $US1.46 billion in costs as it struggles to compete in the smartphone market.

Nokia, the world’s largest phone maker by volume, has detailed an overhaul of its phone business following its decision to start using Microsoft software instead of its own Symbian platform.

The move includes laying off 4000 staff and transferring another 3000 to services firm Accenture – a total 12 per cent of its phone unit workforce.

Accenture will take over Nokia’s Symbian software activities and will become a primary software partner for future smartphones running on Microsoft’s Windows platform. Shares in Tieto, a local services supplier to Nokia, dropped more than 3 per cent.

Nokia investors welcomed the Accenture deal as a quicker and cheaper way to exit its Symbian operations than full-scale layoffs requiring big severance packages, sending Nokia shares 3.3 per cent higher on the Helsinki stock exchange.

“This is about keeping focus within Nokia on Windows Phone. It helps to get rid of any doubts on where this company is going,” said Gartner analyst Carolina Milanesi.

Nokia’s Chief Executive Stephen Elop told Finnish national broadcaster YLE it was possible the first Nokia phone running on Windows software could reach customers this year.

Accenture said the deal gives it additional scale in mobile, an important initiative for the company, putting it “at the heart of” Nokia and Microsoft which are developing the third major mobile platform in addition to Google and Apple.

The deal does not include Symbian software code.

The job cuts and site closings let Nokia cut annual business research and development costs by 1 billion euros, or 18 per cent, by 2013 from 5.65 billion in 2010.

“Restructuring had been widely expected, but Nokia will be hoping that the transfer of 3,000 of jobs to Accenture will help cushion the blow as it ramps down its Symbian investments,” said Ben Wood, head of research at CCS Insight.

Nokia’s market share in smartphones has fallen sharply over the past few years as it loses out to Apple and other manufacturers of high-end handsets.

“The competitive environment has changed rapidly,” Elop told a news conference in Helsinki, while outlining which parts of its operations will be hit the most.

Nokia said most of the 4000 layoffs will take place in Finland, Denmark and Britain, with all workers staying on the payroll through 2011.

Nokia hired Elop from Microsoft last year to replace Olli-Pekka Kallasvuo in a bid to compete more effectively in the smartphone market. He is the first non-Finn to run the company, which evolved from a rubber boots-to-TVs conglomerate into a global mobile phone maker in the 1990s.

In its native Finland, Nokia will cut 1400 jobs.

“This went slightly better than expected because Nokia transfers Symbian development. These 1,400 people … should have quite good chances to find new jobs,” said Pertti Porokari, chairman of the Union of Professional Engineers in Finland.

Nokia said it would wind down its large operations in Copenhagen, cutting 950 jobs there, and close its second headquarters in White Plains, New York.

The move crushed Finnish media speculations of Nokia planning to move its headquarters to the United States.

“Finland absolutely remains in the heart of Nokia’s future,” Elop said.

Job cuts at Finland’s flagship company are a blow to confidence in the country, already struggling with unemployment of around 8 percent.

Worries about jobs and possible cuts to social welfare helped the populist True Finns party in the country’s general election earlier this month.

Nokia’s telecom gear arm Nokia Siemens Networks cut about 9,000 jobs after it started operations in 2007.

Reuters

Sourced & published by Henry Sapiecha

SONY-ERICSSON RELEASE NEW SMARTPHONE PLAYSTATION-XPERIA

Tuesday, February 15th, 2011

Sony Ericsson releases Playstation

smartphone – Xperia PLAY

By G. Team

03:05 February 14, 2011

Sony Ericsson releases Playstation smartphone - Xperia PLAY

Sony Ericsson releases Playstation smartphone – Xperia PLAY

Sony Ericsson finally showed the world the new Playstation gaming smartphone at Mobile World Congress in Spain today. The PlayStation-certified Xperia Play runs the Android Gingerbread OS and will be available next month, accompanied at launch by 50 titles downloadable from Android Market, but with a lot more coming. The phone has a slide-out gamepad that features a PlayStation-style D-pad, thumb sensors and X, O, square and triangle action buttons and combines a PlayStation-quality gaming experience with the very latest Android smartphone technology.

  • Sony Ericsson releases Playstation smartphone - Xperia PLAY
  • Sony Ericsson releases Playstation smartphone - Xperia PLAY
  • Sony Ericsson releases Playstation smartphone - Xperia PLAY
  • Sony Ericsson releases Playstation smartphone - Xperia PLAY

U.S. mobile operator Verizon will be the first to offer the Xperia Play in early spring, Sony Ericsson expects to reveal other mobile carriers shortly.

Initial launch partners include Electronic Arts, Namco Bandai, Digital Chocolate and Gameloft and some of the major titles in the launch offering include Dungeon Defenders 2, Dead Space, FIFA and Battlefield, Reckless Racing and Assassin’s Creed.

Official press release:

Introducing Xperia PLAY –

the world’s first PlayStation

certified smartphone

February 13, 2011, Barcelona, Spain – Sony Ericsson today announced the game changing XperiaTM PLAY, the latest phone in its XperiaTM range of Android based smartphones.

Xperia PLAY delivers the smartphone functionality that the most serious power users could need, teamed with the immersive gaming experience that any gamer would want.

In portrait mode, the Android smartphone offers all the benefits that users have come to expect from Sony Ericsson’s existing range of XperiaTM smartphones with best-in-class entertainment experiences, a great 5 megapixel camera, a brilliant 4” multi-touch screen and great social networking features.

However, slide out the gaming control and users enter a new world of immersive mobile gaming. The slide out game pad reveals a digital D pad, two analogue touch pads, two shoulder buttons and the four PlayStation icons: circle, cross, square and triangle. Qualcomm’s optimized Snapdragon processor with a 1Ghz CPU and embedded Adreno GPU graphics processor deliver silky smooth 60fps play-back 3D mobile gaming and Web browsing with minimal power consumption so Xperia PLAY users can enjoy long hours of battery life and game time.

Rikko Sakaguchi, Executive Vice President and Chief Creation Officer at Sony Ericsson commented: “Today is a very proud moment for Sony Ericsson as we bring something truly revolutionary to the market. Living up to our vision of Communication Entertainment, Xperia PLAY will forever change the way people think about smartphones and mobile gaming.

XperiaTM PLAY will run on Gingerbread (version 2.3), the latest version of Google’s AndroidTM platform. The XperiaTM PLAY will also be the first PlayStation Certified device. This means it will have access to PlayStation® game content provided through the PlayStation® Suite initiative, currently under development by Sony Computer Entertainment and due to launch later this calendar year.

Kazuo Hirai, President of Networked Products and Services Group at Sony Corporation said: “I am delighted to see Xperia PLAY as the first PlayStation Certified smartphone to hit the market. Xperia PLAY provides a unique consumer offering and is yet another example of great products and services coming to market that leverage Sony’s strong assets.”

Sony Ericsson has partnered with key publishers in the gaming industry to deliver a rich, vibrant ecosystem at launch and post launch with many leading new titles available via the AndroidTM Marketplace. Leading franchises coming to Xperia™ PLAY includes EA’s The Sims 3 and a multiplayer version of FIFA 10 for mobile. GLU Mobile/Activision will be bringing Guitar Hero while Gameloft’s titles include Assassin’s Creed and Splinter Cell. Sony Ericsson is also partnering with Unity Technologies, using its award-winning development platform, to ensure a continuous flow of high quality 3D game titles.

Mr Sakaguchi continued: “The launch of Xperia PLAY could not have been possible without the close collaboration of both Google and Sony Computer Entertainment. The commitment of so many industry leading game publishers further demonstrates that Xperia PLAY will deliver on the long-held expectations from consumers the world over.”

XperiaTM PLAY and PlayStation Certified gaming are great examples of the kind of innovation that’s possible in the open Android ecosystem,” said Andy Rubin, Vice President of Engineering at Google.

A pre-loaded application will enable users to easily discover and download titles that have been optimised for game play on Xperia PLAY, access recently played games and see information about the games they have downloaded.

Sony Ericsson Xperia™ PLAY will be available globally in selected markets from March 2011

What do Sony’s content partners say?

Electronic Arts, Travis Boatman, VP of Worldwide Studios for EA Mobile: “EA collaborated closely with Sony Ericsson to bring exciting versions our best-selling consumer favourites such as The Sims™ 3 and EA SPORTS™ FIFA 10 to the Xperia PLAY. The device’s dedicated gaming keypad gives FIFA players what matters most in a footy game — ultimate ball control, quick player selection on the pitch, effortless passes and more. The Xperia PLAYS’s unique gamepad also delivers robust control in The Sims 3 bringing a whole new life simulation experience to fans of the franchise. We look forward to watching consumers interact with our great games in new ways through the Xperia PLAY.”

Gameloft, Michel Guillemot, President: “We are pleased to partner with Sony Ericsson to offer a catalogue of 10 of our best-selling games at launch of the Sony Ericsson Xperia PLAY,” said Michel Guillemot, President of Gameloft. “My vision since the creation of Gameloft was to turn video games into a true mass market form of entertainment. This vision is realized with the launch of Xperia PLAY, which combines a perfect smartphone for daily use as well as a real game controller to provide the best gaming experience ever seen on a mobile phone. Gameloft will support the launch with more than 20 titles over the next 6 months that will take full advantage of the power of this device.”

Glu Mobile, Niccolo de Masi, CEO: “Glu’s strategic relationship with Sony Ericsson aligns us with a leading innovator in mobile and gaming. We look forward to accelerating our momentum in social mobile gaming with compelling offerings on Sony Ericsson’s newest mobile devices.”

Content partners at launch include: Sony Computer Entertainment Digital Chocolate Digital Legends Electronic Arts Fishlabs Gamehouse Gameloft Glu Mobile Handy Games Namco Bandai Networks Polarbit PopCap Trendy Entertainment Unity Tecnologies

For further information, images and videos visit www.sonyericsson.com/mwcnews

Xperia™ PLAY at a glance:

Sony Ericsson Xperia™ PLAY

Camera

5.1 megapixel camera Auto focus Flash / Photo light Geo tagging Image stabiliser Send to web Touch focus Video light Video recording Video blogging Music

Album art Bluetooth™ stereo (A2DP) Google™ Music Player Music tones (MP3/AAC) PlayNow™ service* Sony Ericsson Music player Stereo speakers TrackID™ music recognition application Internet

Android Market™* Bookmarks Google™ search* Google™ Voice Search* Pan & zoom Web browser (Webkit) Communication

Call list Conference calls Facebook™ application (from Android Market™) Google™ Talk* Noise Shield Polyphonic ringtones Speakerphone Sony Ericsson Timescape™*** Twitter™ application (from Android Market™) Vibrating alert Messaging

Android Cloud to Device messaging (C2DM) Conversations Email Google Mail™* Instant messaging Picture messaging (MMS) Predictive text input Sound recorder Text messaging (SMS) Design

Auto rotate Keyboard (onscreen, 12 key) Keyboard (onscreen, QWERTY) Picture wallpaper Touchscreen Wallpaper animation Entertainment

3D games Dedicated gaming keys Flash Lite™ Gesture gaming Motion gaming Video streaming YouTube™ Organiser

Alarm clock Calculator Calendar Document editors Document readers E-Manual Flight mode Google Calendar™ Google Gallery 3D™ Infinite button Phone book Set-up Wizard Widget manager Connectivity

3.5 mm audio jack aGPS Bluetooth™ technology DLNA Certified Google Latitude™ Google Location Service Google Maps™ with Street View Media Transfer Protocol support Micro USB Connector Modem Synchronisation via Facebook™** Synchronisation via Google Sync™ Synchronisation via Microsoft Exchange ActiveSync® Synchronisation via Sony Ericsson Sync USB 2.0 high speed support Wi-Fi™ Wi-Fi™ Hotspot functionality * The service is not available in all markets. ** Requires Facebook™ application installed on the device.

Google™ services*

* These services may not be available in every market Android Market™ Client

Gmail™ Google Calendar™ Google Gallery 3D™ Google Latitude™ Google Maps™ with Street View Google Media Uploader Google Music Player™ Google Phone-top Search Google Search widget Google Sync™ Google Talk™ Google Voice Search Set-up Wizard YouTube™ Screen

16,777,216 colour TFT Capacitive multi-touch 4 inches 480 x 854 pixels (FWVGA) In-Box:

Xperia™ PLAY Battery Stereo portable handsfree 8GB microSD™ memory card Charger Micro USB cable for charging, synchronisation and file transfer User documentation Facts

Size: 119 x 62 x 16 mm Weight: 175 grams Phone memory: up to 400 MB Memory card support: microSD™, up to 32 GB Memory card included: 8GB microSD™ Operating system: Google™ Android 2.3 (Gingerbread) Processor: 1 GHz Scorpion ARMv7 Talk time and networks Networks

Talk time GSM/GPRS: Up to 8 hrs 25 min* Standby time GSM/GPRS: Up to 425 hrs* Talk time UMTS: Up to 6 hrs 25 min* Standby time UMTS: Up to 413 hrs* Talk time CDMA2000®: Up to 7 hrs 40 min* Standby time CDMA2000®: Up to 405 hrs* Game play time: Up to 5 hrs 35 min* MP3 playback: Up to 30 hrs 35 min* Networks

UMTS HSPA 800, 850, 1900, 2100 GSM GPRS/EDGE 850, 900, 1800, 1900 UMTS HSPA 900, 2100 GSM GPRS/EDGE 850, 900, 1800, 1900 CDMA2000®, cdmaOne, EVDO

Colours: Black, White

Sourced & published by Henry Sapiecha


MURDOCH & THE PHONE HACKING SAGA

Tuesday, January 25th, 2011

Murdoch link

to phone hacking

fallout deepens

Paola Totaro

January 25, 2011

David Cameron ... friendly dinners.
David Cameron … friendly dinners. Photo: Reuters

LONDON: The political fallout from the News of the World phone-hacking scandal has intensified amid claims of a Scotland Yard cover-up and friendly dinners between Downing Street and the Murdoch family.

Despite the resignation of Andy Coulson as Downing Street’s director of communications, the links between the British Prime Minister, David Cameron, and Rupert Murdoch’s empire have once again been thrown into the spotlight just days before the media tycoon is due to fly to London.

The Independent revealed that James Murdoch, son of Rupert and chairman of News Corporation in Europe and Asia, was a guest at a private dinner with Mr Cameron just days after the Prime Minister stripped the Liberal Democrat business secretary, Vince Cable, of responsibility for the crucial decision on whether News Corp should be allowed to buy the 61 per cent of BSkyB it does not already own.

Advertisement: Story continues below
Rupert Murdoch ... his son James reportedly had dinner with David Cameron.
Rupert Murdoch … his son James reportedly had dinner with David Cameron. Photo: Reuters

The dinner was held at the home of Rebekah Brooks, chief executive of News International, in Churchill, Oxfordshire, and both Mr Cameron and his wife, Samantha, were present.

The highly controversial decision on the takeover was handed to the Culture Secretary, Jeremy Hunt, after Mr Cable was secretly taped telling undercover reporters that he had ”declared war” on Rupert Murdoch.

Mr Coulson’s resignation at the weekend has also renewed interest in police handling of the original investigation into the hacking affair, with claims of a cover-up and calls that the new investigation, announced a few weeks ago by the Crown Prosecution Service, be handed to a different police force or to the Inspectorate of Constabulary.

The Liberal Democrat Energy Secretary, Chris Huhne, criticised the police, saying they had dismissed his calls for a full inquiry, and the former prime minister Gordon Brown has asked police if his phones had been affected when he was chancellor.

A parliamentary inquiry into the row begins to gather evidence this week, but the deputy Labour leader, Harriet Harman, has demanded a fresh inquiry.

Mr Coulson quit as editor of Mr Murdoch’s News of the World in 2007 after the paper’s royal reporter admitted hacking royal phones.

Although Mr Coulson insisted he had no knowledge of the practice, the scandal has riveted London and been the focus of continuing inquiries by Murdoch media rivals, including The Guardian and The Independent.

Sourced & published by Henry Sapiecha

VODAFONE HAS PROBLEMS WITH CLASS ACTION ON DOWNTIME

Wednesday, January 12th, 2011

Vodafone class action grows to 15,000

Vodafone chief executive Nigel Dews is working at damage control on gathering consumer anger at poor customer service and patchy coverage

Vodafone coverage

disrupted

in Queensland floods

PUBLISHED : 12 Jan 2011 12:03:19 | UPDATED: 7 hours 25 minutes agoVodafone is the worst-affected mobile carrier so far after its exchange in Coorparoo, south-east Brisbane, was flooded, disrupting services in the city’s central business district and surrounding suburbs yesterday.

Sourced & published by Henry Sapiecha

CHINA ATTEMPTING TO CURB SKYPE INROADS INTO THE CHINESE PHONE MARKET

Saturday, January 1st, 2011

Skype could be

designated illegal

in China

A man uses a Skype internet phone next to a laptop in Taipei November 11, 2005. REUTERS/Richard Chung

A man uses a Skype internet phone next to a laptop in Taipei November 11, 2005.

Credit: Reuters/Richard Chung

By Terril Yue Jones and Jennifer Saba

BEIJING/NEW YORK | Fri Dec 31, 2010 5:16pm EST

BEIJING/NEW YORK (Reuters) – The ever popular Internet telephone service Skype could be dealt a major setback in one of the world’s largest markets as the Chinese government cracks down on what it is calling illegal Internet telephone providers.

A Chinese government circular from the powerful Ministry of Information and Industry Technology called for a crackdown “on illegal VoIP (voice over Internet protocol) telephone services” and said it was collecting evidence for legal cases against them. It did not name any phone companies.

Skype was still available in China on Friday evening through its joint venture partner TOM Online.

Skype had not yet been contacted by Chinese government officials, a Skype spokesman said on Friday in the United States.

The timing of a ban in one of the world’s fastest growing markets could dampen investor enthusiasm for Skype as it prepares a 2011 initial public offering. The Luxembourg-based company, which has around124 million users worldwide, is expected to be valued at about $1 billion in the IPO.

The Chinese state move appeared to be aimed at protecting three government-controlled phone carriers — China Telecom, China Unicom and China Mobile — that provide the bulk of China’s phone services.

The South China Morning Post quoted an unidentified ministry official on Thursday as saying VoIP services could only be provided by the big three Chinese operators.

China has been known to play hardball with foreign businesses. After a months-long stand-off over censorship, China finally gave Google approval in July to keep operating its Chinese search page.

Skype has 20 million users in Asia Pacific, or 16 percent of the company’s total users as of the end of June, according to a U.S. regulatory filing. The filing did not break out China’s user numbers and a Skype spokesman in the United States said he did not know how many Chinese users it had.

No single one country other than the United States represented more than 7 percent of Skype’s average monthly user, according to the posting.

The latest news is another setback after Skype’s global service outage last week, which cast doubts on the reliability of the service.

In 2005, Skype was blocked in parts of China as the government sought to ban phone calls made using the Internet.

Skype, partly owned by Web retailer eBay Inc, has been growing in popularity among Chinese users and businesses to make cheap or free international phone calls over the Internet.

“Almost 1 in 6 people in the world live in China, and a great many of them rely on Skype to connect with families and friends, run businesses, and call people around the world,” wrote Skype’s Josh Silverman in an October blog post about Chinese privacy regs.

The Chinese notice, dated December 10, did not state what amounted to illegal services and did not name any VoIP providers it considered to be breaking the law.

Representatives of the ministry and the ministry’s office gathering information for the campaign did not answer telephone calls on Friday.

Representatives of China Telecom and China Unicom did not answer phone calls on Friday when approached for comment. A spokeswoman for China Mobile, reached in Beijing, referred calls to the firm’s Hong Kong office. All attempts to reach the Hong Kong office were not successful.

VoIP calls allow users to make international calls for much less than commercial providers, or even for free if both parties are using VoIP. Many businesses that use VoIP services in cutting down on their international telephone costs could lose out on access to the cheaper alternative.

Sourced & published by Henry Sapiecha

SMART PHONE & PLAYSTATION COMBO BY SONY IN 2011

Friday, December 31st, 2010

Sony to launch

PlayStation phone

December 30, 2010 – 10:33AM
A grab from a leaked video purporting to be of the PlayStation phone.A grab from a leaked video purporting to be of the PlayStation phone.

Sony’s long-rumoured PlayStation Portable smartphone is set to be launched in North America and Europe as early as the first half of 2011, according to  Japanese newspapers.

The phone gaming device would likely be based on Sony’s handheld PSP Go game console, would be made by Sony Ericsson Mobile Communications and run Google’s Android operating system, said the Asahi Shimbun’s English edition, citing unnamed sources.

Sony hopes to take on Apple’s iPhone, Research in Motion’s BlackBerry and Nokia devices by offering the first smartphone that is based on a portable game console, with a set of controls that allows very advanced gaming.

The PSP Go, launched in November 2009, does feature software downloads through a wireless connection, allowing players to also browse the internet, watch movies, play music and read books and comics.

The new PlayStation handset would similarly work with Sony’s online media platform, Sony’s answer to Apple’s iTunes.

Sony hopes the phone will stimulate sales in the sluggish videogame console market, said the Asahi.

Sony called the newspaper report “speculative” and declined to comment.

AFP

Sourced & published by Henry Sapiecha


NOKIA SIEMENS MOTOROLA & HUAWEI SHUFFLING FOR POSITION OF POWER & BUYOUT

Thursday, December 30th, 2010

China delays NSN’s

$1.2 billion buy

of Motorola unit

By Tarmo Virki, European technology correspondent

HELSINKI | Wed Dec 29, 2010 1:36pm EST

HELSINKI (Reuters) – Nokia Siemens Networks’ agreed $1.2 billion acquisition of Motorola’s telecom network equipment arm has been delayed by the Chinese regulator, which has yet to grant permission for the deal.

The chief executive of Nokia Siemens, Nokia’s network gear unit, said he was working closely with the Anti-Monopoly Bureau of the Ministry of Commerce of China to finalize the clearance.

“This delay is disappointing, but we’re looking forward to completing the acquisition early in the new year,” Nokia Siemens Networks CEO Rajeev Suri said in a statement on Tuesday.

The deal will strengthen Nokia Siemens – a joint venture between Nokia and Germany‘s Siemens – against its key Chinese rivals, and make it the second-largest mobile telecom gear maker ahead of China’s Huawei.

All other regulatory clearances for the deal which will grow Nokia Siemens business in key markets in North America and Japan, have been obtained, Nokia Siemens said.

“Nowadays Chinese approval is a pre-closing condition for many high-tech M&A transactions, and the Chinese Ministry of Commerce has previously shown that it takes its time even after other regulators clear a deal,” said Florian Mueller, consultant on competition issues.

“China proved in the Panasonic-Sanyo case that it stood its ground even after a deal had been cleared by the U.S. and the EU, and insisted on additional remedies,” Mueller said.

In October 2009 China granted Panasonic Corp anti-monopoly clearance to buy Sanyo Electric Co Ltd subject to conditions, including cutting its stake in a battery venture with Toyota Motor Corp.

Motorola and NSN have had a hard time battling bigger players to win business with large telephone companies in the cut-throat mobile gear market, which is expected by analysts to decline in 2010.

Motorola has only 3 percent share of global mobile network market, but it gives Nokia Siemens relationships with more than 50 telecom operators and to strengthen its position with major carriers like China Mobile, Clearwire, KDDI, Sprint, Verizon Wireless and Vodafone.

Motorola said the delay in unit sale would not impact its ongoing split-up.

“It will not affect the separation of Motorola, which is on schedule for January 4, 2011,” said Motorola Solutions spokeswoman Tama Mcwhinney.

In New York Nokia shares were 0.4 percent lower at $10.18 at 1640 GMT, while Motorola 0.1 percent lower at $8.98.

(Additional reporting by Yinka Adegoke in New York; Editing by Erica Billingham)

Sourced & published by Henmry Sapiecha

SONY TO INVEST BIG IN SMART PHONE SENSORS & DIGITAL CAMERAS

Tuesday, December 28th, 2010

Sony to spend

$1.2 billion

to double

image sensor output

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

People walk in front of the Sony Corp's headquarters in Tokyo in this November 25, 2010 file photo. REUTERS/Toru Hanai

People walk in front of the Sony Corp’s headquarters in Tokyo in this November 25, 2010 file photo.

Credit: Reuters/Toru Hanai

TOKYO | Mon Dec 27, 2010 3:03am EST

TOKYO (Reuters) – Sony Corp will invest $1.2 billion in the next financial year to double its output of image sensors, taking advantage of brisk demand for digital cameras and smartphones.

The sum includes a deal announced last week to buy back a semiconductor production line from Toshiba Corp, which has been estimated by an industry source at 50 billion yen ($600 million).

Sony will take advantage of a Japanese government subsidy for environmentally friendly businesses to help with the investment, it said in a statement but declined to say how much that would be.

It will convert part of the plant in Nagasaki, southern Japan, for the production of CMOS (complementary metal-oxide semiconductor) sensors and invest in wafer processing equipment for CMOS image sensors.

Sony is the world’s second largest digital camera maker behind Canon Inc and runs a mobile phone joint venture with Sweden’s Ericsson.

The investment will bring its total production of image sensors, including CCD and CMOS types, to 50,000 units a month by March 2012.

Sourced & published by Henry Sapiecha