are flying the Nokia is looking to sell its luxury handset subsidiary called Vertu. The tip comes from a source that claims to be close to the negotiations. It would be no surprise to see Nokia sell Vertu since the luxury handset maker has been surprisingly popular as Nokia has seen its stock plummet.
According to the source, the deal is stacking up to be worth about $265 million and the company named as the potential buyer is a private equity group called Permira. Vertu makes phones encrusted with jewels and precious metal that cost is much is $320,000 or more apiece.
Facebook-owned Instagram has been rumored to be working on a new photo messaging app to go head-to-head with popular rivals like Snapchat, and evidence supporting such hearsay may have just turned up in the most unlikely of places.The Verge today reported that Instagram appears to have mistakenly leaked the existence of a new Snapchat competitor called Bolt, which turned up as a new banner ad inside the current Instagram for Android app. ... Source: Tech RadarFull article at: Tech Radar18 hours ago, 2:29pm CDT
It's worth reflecting on this passage in Deepa Bhandaru's post about Seattle's leading socialist Kshama Sawant and the current CEO of Microsoft Satya Nadella:Nadella strikes the corporate world as a kind of Gandhi figure. Tall and trim with buzzed hair and dark-rimmed glasses, he exudes a corporate brand of asceticism. His lean runner’s body harbors no extra fat. His speech is measured and Spartan. His disciplined form matches his di ... Source: The Stranger
Full article at: The Stranger
22 hours ago, 10:35am CDT
We’re used to seeing bargain-basement Android tablets like the Tesco Hudl, but there’s nowhere near as much choice when it comes to Windows tablets. That’s where the KingSing tablet comes in, offering Windows for just £60. Yep, you read that right.
The chances are you’ve never heard of KingSing, with the company selling its wares over in China. As with lots of Chinese manufacturers though, there’s a lot to like about its latest gadget, not least the pricing. ... Source: Fifth Gear
Full article at: Fifth Gear
1 day ago, 5:37am CDT
The HTC One (M8) is already one of the most eye-catching smartphones out there, but from tomorrow you’ll be able to buy HTC’s high-end handset in a couple of bright new colours!
We’ve got used to seeing colourful smartphones from the likes of Nokia, but it looks like HTC wants to get in on the action too! The latest HTC One (M8) will be available in both red and pink, helping it to stand out f ... Source: Fifth Gear
Full article at: Fifth Gear
1 day ago, 3:49am CDT
The captured DJI Phantom drone and its cargo, held by Thai prison authorities.
Saichon Srinuanchan , Bangkok Post
The Bangkok Post reports that guards at the Khao Bin Prison in Thailand took possession of what appears to be a DJI Phantom drone laden with cell phones and accessories. The drone was snagged on a tree limb inside the prison compound.
Taped to the drone were ... Source: Ars Technica
Full article at: Ars Technica
1 day ago, 12:14pm CDT
The Lumia 530.
If analytics companies are to be believed, the lowly Lumia 520 and its variants have been the most popular Windows Phone handsets ever. Today, Microsoft officially announced that phone's successor, the Lumia 530. It will come in both single- and dual-SIM variants, though it's safe to say that only the single-SIM version will end up making it to the US, and Nokia expects both to be priced at around "€85 (a ... Source: Ars Technica
Full article at: Ars Technica
1 day ago, 10:57am CDT
Microsoft has released its earnings results for the fourth fiscal quarter of the year (that is Q2 CY2014), posting revenue of $23.38 billion, gross margin of 15.79 billion and operating income of $6.48 billion. As a result, earnings per share (EPS) came in at $0.55 (below analyst expectations of $0.60).
Revenue, gross margin and operating income are higher than a year before, when they reached 19.89 billion, 14.29 billion ... Source: BetaNews
Full article at: BetaNews
2 days ago, 6:26am CDT
Microsoft reported its fiscal fourth quarter earnings this
afternoon, missing analyst estimates. Revenue of $23.38 billion was an increase
of 18 percent from the same quarter in 2013.
The analyst consensus of earnings sat at $0.60 per share. The newly completed acquisition of Nokia accounted for a $.08 per share earnings decrease. Gross
margin, operating income, and diluted earnings per share ("EPS") for the
quarter were $15.79 billion, ... Source: MSDynamicsWorld.com
Full article at: MSDynamicsWorld.com
2 days ago, 3:47pm CDT
Much has been written about Microsoft’s unsettling plan to cut loose some 18,000 of its employees by the end of 2014. You could argue that it’s a necessary evil, or you could argue that it’s a short-sighted misstep. From what I’ve read, this is about Microsoft repositioning itself for the current reality it finds itself a part of.
In many ways, Ballmer never took the steps to shape the company into a viable behemoth. Just as ... Source: BGR
Full article at: BGR
2 days ago, 2:15pm CDT
Microsoft Corporation (MSFT) is taking a two-pronged approach this quarter to boost to its bottom-line for its fourth quarter of fiscal 2014 (4QFY14). On one hand, it is laying off 18,000 employees over the next year. The downsizing will have the greatest impact on Nokia’s (NOK) wireless division, since Nokia’s acquisition had added 30,000 employees to Microsoft’s employee base.
Moreover, improvement in the decline of PC shipments, coupled with CEO Satya Nadella’s mantra of “mobile first, c ... Source: bidness etc
Full article at: bidness etc
3 days ago, 5:56am CDT
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