Earlier on Wednesday, the Senate Subcommittee chairman Senator Herb Kohl urged federal regulators to block AT&T’s planned $39 billion acquisition of T-Mobile. On Wednesday afternoon, AT&T responded to Senator Kohl’s recommendation with the following statement: We respect Senator Kohl. However, we feel his view is inconsistent with antitrust law, is shared by few others, and [...]
Apple on Tuesday reported earnings for the third quarter of fiscal 2011. Shares of Apple Tuesday were trading at near-record levels as investors expected Apple to post its biggest June quarterly earnings ever, and the company didn’t disappoint. Wall Street was predicting revenue of $24.92b, a whopping 58% YoY increase, and Apple’s revenue for the [...]
In April, Motorola announced that it was delaying its DROID BIONIC 4G LTE handset until the summer. The warmer months are finally upon us, but we still haven’t heard an update on when the BIONIC will make its much anticipated debut. The good news, however, is that Motorola Mobility’s official Twitter account recently confirmed that [...]
In April, Apple filed a lawsuit against Samsung for intellectual property violations and alleged that Samsung’s Galaxy S, Nexus S, Epic 4G, and Galaxy Tab products, among others, were copycat devices that all-to-closely resembled Apple’s products. Now, the Cupertino-based firm has expanded that initial lawsuit to include several more of Samsung’s devices, including the DROID [...]
Sprint has reached a deal to deploy a 4G LTE network with LightSquared, Bloomberg reports. The deal could be worth as much as $20 billion over the next 15 years according to the report. “LightSquared and Sprint will jointly develop, deploy and operate LightSquared’s 4G LTE network,” LightSquared owner Philip Falcone wrote in a letter [...]
Amazon has plans to offer a streaming movie service tied to its forthcoming own-branded tablets, researchers at Detwiler Fenton claim. According to the research team, Amazon’s streaming movie service will be available to early adopters of Amazon’s tablet for free. The revelation seems obvious, but the Boston-based research firm’s claim could be the first well-sourced [...]
Nokia CEO Stephen Elop once again addressed rumors of a possible sale of Nokia’s phone business. Rumors emerged on Wednesday suggesting Samsung was preparing to bid on Nokia’s cell phone division, but Elop addressed them on Thursday while speaking to The Wall Street Journal. Elop insisted that the rumors are “completely groundless.” The CEO continued, [...]
In a letter to the U.S. Department of Justice and Federal Communications Commission, Microsoft and other companies expressed their support for AT&T’s proposed $39 billion acquisition of T-Mobile USA. “Many policy-related efforts will not be able to quickly address near-term capacity needs,” the letter stated. “The FCC must seriously weigh the benefits of this merger [...]
Hackers from a group called LulzSec announced on Thursday that they had breached sonypictures.com, the website belonging to Sony-owned studio Sony Pictures. The group claims to have compromised personal information belonging to over 1 million users, including user names, passwords, home addresses, dates of birth and other sensitive data. The group also claims to have [...]
According to industry insider Eldar Murtazin, Microsoft has struck a deal to purchase Nokia’s mobile phone business for $19 billion. Just two weeks ago, Murtazin — who has a proven track record and was the first to report that Nokia has struck a deal to use Microsoft’s Windows Phone platform on its smartphones — suggested [...]