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cubicle culture
Indian man dies in pie-eating contest
Desperate to train employees in the way of their customers on the other end of the world, Indian tech outfits teach them American accents, the names of local football and baseball teams, and slang expressions. Nativists wring hands about this crushing local mores in favor of Western culture. But sometimes the importation of Western culture proves outright deadly. In Gurgaon, India, a suburb of New Delhi filled with offshore-tech outfits, police are investigating the death of a 22-year-old employee of Nokia-Siemens at the company's office. More » -
Cash Is King
The 10 richest tech companies
Where's the debt crisis in Silicon Valley? The knock-on effects are all too real, but frozen credit markets have had little direct effect on business operations, aside from possibly scotching the debt-fueled sales of Alltel and Nextel. That's because technology companies are run by paranoid sorts who like to keep large cash reserves, in case some upstart renders their market obsolete. In good times, activist shareholders whinged about their parsimonious habits, but the cash hoarders are now sitting pretty — and could be set for acquisition binges. More » -
stocks
Microsoft to Congress: Please get it together, you're making us nervous
Turns out the tech industry is not immune from the Wall Street meltdown. Apple stock dropped 16 percent yesterday. RIM, Google, Nokia and Yahoo share prices also saw double-digit drops. Yahoo shares hit a five-year low, down 10.8 percent to $16.88. Microsoft shares stayed less than five percent below the markets open until Congress failed to pass a bailout plan. The closed at $25.01, down 8.7 percent. The drop seems to have panicked Microsoft a bit, which did the only thing it could do when there was nothing for it to do: issue a statement. "Microsoft strongly urges members of the U.S. House of Representatives to reconsider and to support legislation that will re-instill confidence and stability in the financial markets," said Brad Smith, Microsoft's top lawyer. "This legislation is vitally important to the health and preservation of jobs in all sectors of the economy of Washington State and the nation, and we urge Congress to act swiftly." If it would help, we're certain Mr. Smith is willing to promise a cherry on top. -
mobile
Nokia two-timing Microsoft and Google
While mobile handset designer Nokia may be dedicated to the Symbian operating system, that doesn't keep company reps from attending the latest developer conference for Google's Android. And shortly after that report, the jQuery team issued a press release naming both Microsoft and Nokia as benefactors of the javascript library as a tool for mobile software applications. Who knew the scandanavian cell phone manufacturer was a polyamorist? Certainly a lot more excitement than regularly afforded to fifteen kilobytes of code. (Photo by Joe Loong) -
Apple Users Held Hostage
iPhone day 56: AT&T service outage hits East Coast
Users at DSLreports.com are sharing stories of lost AT&T EDGE connectivity in the New York metropolitan area this morning. Non-3G iPhones and Nokias are affected, too, so it's not an iPhone-specific problem. -
commenter of the day
skwash
In a post about Google's agricultural-mapping expeditions, commenter skwash suggests that Google's snapping shots of business-free rural roads so it can create its own geographical database, shutting out map providers TeleAtlas and Nokia's Navteq: More » -
acquisitions
Nokia acquires mobile OS-maker Symbian
Finland mobile device maker Nokia will acquire the 52 percent of mobile operating system-maker Symbian it didn't already own from private investors Sony Ericsson Mobile Communications AB, Sweden's Telefon AB L.M. Ericsson, Panasonic Mobile Communications Co. and Siemens AG for $410 million. Nokia plans to turn the Symbian operating system into an open source software platform to rival Google's Android and Apple's iPhone OS X software. Symbian's 1,000 developers will join Nokia as employees and Symbian itself will continue as a non-profit foundation responsible for marketing the OS. -
videogames
Gamers annoyed at Nokia
Videogames which run on Nokia's N-Gage cell-phone gaming platform are locked to a specific phone, requiring a new purchase when the phone is replaced. Cell-phone users typically buy a new phone every 18 months. [BBC News] -
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leaks
Who's going to TechTalk Menorca, the Balearic boondoggle?
Martin Varsavsky, the founder of Wi-Fi startup Fon, has concocted another excuse for Web 2.0's jet set to rack up frequent-flier miles and buy carbon offsets: It's called Menorca TechTalk, held on Varsavsky's ranch on the Mediterranean island this weekend. The website is password-protected, but Valleywag got a list of who's going. It's a curious mix of professional conference attendees, like Rapleaf's Auren Hoffman, Loïc Le Meur of Seesmic, TechCrunch's Michael Arrington, and David Sifry of Technorati, mixed in with a few people who have day jobs. There are even Googlers on the list — and when have you known those lot to leave the protective bubble of Mountain View? Oddly, Jimmy Wales did not seem to make the cut, though his New York patroness, Louise Blouin MacBain, is listed. In the comments, sort the TechTalkers into your preferred categories. More » -
rant
Nokia's earnings soar, shares tumble
It's the most puzzling thing about the stock market to investing newbies: How can a company like Nokia see its earnings rise 25 percent, but its shares tumble 10 percent? That's because for most tech stocks, Wall Street doesn't care what you've done for it lately; they care more what you're going to do. And Nokia has given a depressing forecast for U.S. sales. The rational response, of course, is to push off all deals as far into the future as possible, and then announce glistening expectations for what's to come. That seems easier than actually running one's business in a rational manner. [WSJ] -
great moments in pr
Press release like it's 1999
"The next big thing in consumer gadgets will be the 'Internet in your pocket,'" according to Intel's announcement reported in the New York Times today. Where did I read that line nine years ago? Oh, right. -
acquisitions
Eurocrats to review Nokia's Navteq deal
The EU will review Nokia's $8.1 billion buyout of digital mapmaker Navteq. The Commission believes the deal could hurt competition. Navteq only has one large rival, Tele Atlas, which is being acquired by GPS maker TomTom. The EU is already examining that transaction. [FT] -
digital music
Why Steve Jobs wants to sell you a music subscription
Why is Apple suddenly in talks with record labels about bundling an unlimited music plan with new iPods, after resisting such a move for years? Steve Jobs has scoffed at music subscriptions in the past, saying customers want to "own their music." Never take Steve at his word: For years, he shot down the idea of iPods with video or an Apple-branded cell phone — until he made them happen. The same is about to happen for music subscriptions, I suspect — but not because Jobs has suddenly changed his mind about consumers' tastes. More » -
digital music
We're not buying Apple's new unlimited music plan
Apple has opened negotiations with the major record labels by offering only $20 per customer for a proposed unlimited plan at the iTunes music store, according to the Financial Times. Nokia is offering $80, but then cell-phone manufacturers have the price of phones subsidized by carriers who've gotten used to paying hundreds of dollars to acquire new customers. Apple has traditionally made its profits on the devices themselves, since iTunes margins are paltry, and are already slashing prices on units in order to meet sales forecasts. Labels are looking to get as much as $100 from iPod buyers and $8 a month from iPhone subscribers. Both sides are really fighting over how much of the profit from music they'll keep. Me, I'll stick with vinyl. (Illustration by Gizmodo) -
strategery
Nokia jealous of Apple, wants cut of the action
Nokia CEO Olli-Pekka Kallasvuo said in an interview with a German paper that Nokia will pursue a cut of subscriber revenues for some future data-based devices. As we've previously noted, Apple has set up a triple whammy with the iPhone: the company gets paid when it sells the phone, gets a kickback from service providers, and gets a cut of content sold through the iTunes store. In October, Nokia rolled out an unimpressive social network and partnered with Universal Music to start its own music store. Apple has shown the rest of the industry that there is money to be made in more than just handsets, and Nokia wants in on the action. More » -
nokia
Universal Music Group has partnered with Nokia to provide a subscription music service to mobile phones. Unlike PC-based subscription services such as Napster, Nokia's offering will let users keep any music downloaded after their one-year subscription expires. Of course what they don't tell you is how much this will cost, or limits on numbers of downloads. [Digital Music News] -
stats
iPhone has 0.09 percent of Web usage — yes, that's a lot
The browser wars continue — but no one cares. Unless, that is, you're in the wireless world, where industry observers avidly watch tiny scraps of Web activity, as if they're divining prophecies from the clouds. Computerworld notes an interesting trend. Apple's iPhone browser has grabbed a 0.09 percent share, which might not seem like much until you compare it to the competition. Windows CE, which encompasses every Windows Mobile device shipped, holds a 0.06 percent share; Danger Research's Sidekick product family holds a tiny 0.02 percent share; and the Symbian S60 smartphone platform, favored by Nokia, has 0.01 percent. More » -
acquisitions
Garmin offers $3.3 billion for Tele Atlas
GPS device maker Garmin has offered $3.3 billion for digital mapping service Tele Atlas. Rival TomTom offered $2.5 billion for Tele Atlas in an earlier bid. Currently, Garmin uses maps from Navteq. After that company was acquired by Nokia, Garmin started looking for other options. With $1 billion in cash, Garmin would finance the acquisition through cash and loans from several banks. What's this all mean? With Navteq off the market, expect something of a bidding war for Tele Atlas between Garmin and TomTom — and maybe Google. Garmin has an advantage here, though — it already purchased 5 percent of Tele Atlas on the open market. Shares in Garmin fell 11 percent after the bid was announced as investors worried that the purchase price could rise significantly. (Photo by AP/Reed Hoffmann) -
nokia
First Apple, now Nokia. We guess opening a store in China is the fashionable thing nowadays. Nokia is opening its seventh retail store worldwide in Shanghai. The store will even include some ridiculousness that sounds good in a press release but probably doesn't sell phones: "Consumers will be able to send text messages to change the glass walls in the store to colors of their choice." Ah yes, that really makes me want a craptastic Finnish phone. [WSJ] -
the chart
How well did the iPhone really sell?
Apple's third quarter was a blowout all around, but the real question is how the iPhone is faring. Now that we've got a quarter's worth of data, we can compare it to the competition, and gauge the effect of blogosphere scandals like the recent episode of iPhones "bricking" after a software update — sure, tech pundits got worked up, but did people stop buying iPhones? The bottom line: Steve Jobs & Co. entered a daunting market and performed quite well. More » -
stats
Finnishhandheld-computer designersocial-network operatorcell-phone company Nokia reports that its market share rose to almost 40 percent in the third quarter as international markets bought tons of cheap phones. Whatever. The iPhone has a 100 percent market share in my pants. [IHT] -
strategery
Nokia can't decide who it wants to be
WEB 2.0 SUMMIT — Does Nokia wish it were Facebook? Or Apple? Anssi Vanjoki, an executive at the Finnish phonemaker, can't seem to make up his mind. Nokia's introducing Ovi, a "context-sensitive" social network. Oh, and the N810, with which Nokia hopes to horn in on the iPhone's computer-in-your-pocket market. This is, surely, the ultimate bitches-just-jealous corporate strategy. We can only think that Motorola CEO Ed Zander is delighted to hear his rival's getting out of the phone business. -
wireless
Motorola CEO finds software confusing, dull
Motorola CEO Ed Zander claimed that his company considered buying Navteq, the mapping-services company rival Nokia snapped up last week, but decided to pass. "We are not in the applications business," said Zander. Right. That explains, of course, why Motorola bought Good Technology, an email software company, last year. We have another theory: Bitches just jealous. -
stocks
Are smartphones driving GOOG, AAPL, and RIMM higher?
It's been a banner day for Apple, Google, and Research In Motion, as shares of all three companies hit all-time highs.- Apple closed at $161.45 with a market cap of $140.4 billion. That's just short of Nokia's $143.77 billion .
- Google shares ended the day at $594.05.
- Research In Motion rocketed up almost 13 percent to $113.37 after solidly beating expectations.
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acquisitions
Finnish mobile phone giant Nokia is buying Navteq for $8.1 billion. The company's mapping service powers Google Maps, among others — including the Google Maps application for Apple's iPhone, a competitor to Nokia's handsets. (That's an exceedingly roundabout attack on a rival, but it's so obscure it just may work.) Nokia also says it will provide many more phones with GPS capabilities in 2008. [GigaOM] -
acquisitions
Nokia snaps up mobile advertising firm
Nokia is leaping into the mobile advertising arena with its plans to acquire Enpocket, which sprinkles mobile Web pages with video and banner ads. With mobile phones seen as one of the great unmapped frontiers of advertising, Nokia is preparing to battle with other prospectors like AOL's Third Screen Media and Google, which just announced AdSense for Mobile. Of course the big problem, as Advertising Age points out, is that consumers are hardly begging for ads on their phones' cramped screens. But advertisers are attached to the long-held vision of location-based advertising, stalking their customers through the streets, pinging them with coupons for nearby stores. -
online advertising
Apple's retaliatory Google ad, countering a Nokia ad and congratulating "late adopters" on getting a lower price for the iPhone? A fake. [Gizmodo] -
surly adopter
Nokia, Apple spar via Google ads
Early adopter? Late adopter? Surly adopter? Nokia and Apple (or rather, an opportunistic Apple retailer) are vying for your affections. When you Googled "iPhone" earlier today, targeted ads for Nokia's Mosh social network showed up, taunting iPhone buyers for having overpaid. In response,Applean Apple e-commerce affiliate placed ads telling "late adopters" that they could get "all the iPhone" for two-thirds the price. The ads no longer appear on Google, but we suspect this was more of a competitive tweak than a long-term marketing strategy. Update: Turns out the Apple ad was a fake, placed by a third-party affiliate. (Screenshot by Search Engine Land) -
nokia
Scoop: Nokia buys Ryze business networking
Nokia is buying (or investing in) business networking site Ryze, a LinkedIn competitor that started around the same time as Friendster. More »
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