24 September 2013

BlackBerry, Fairfax, Letter of Intent

This may be the "best way out" for BlackBerry -- 

BlackBerry Enters into Letter of Intent with Consortium led by Fairfax Financial - Press Releases: "Barbara Stymiest, Chair of BlackBerry’s Board of Directors, said: “The Special Committee is seeking the best available outcome for the Company's constituents, including for shareholders. Importantly, the go-shop process provides an opportunity to determine if there are alternatives superior to the present proposal from the Fairfax consortium.”"

BlackBerry Strikes Deal to Sell to Fairfax-Led Investor Group for $4.7 Billion - WSJ.com: "BlackBerry said its board of directors "approved the terms of the letter of intent," and that a consortium including Merrill Lynch and BMO Capital Markets, intended to take the company private.The transaction is expected to be completed by Nov. 4th, but it is subject to six weeks of due diligence and BlackBerry is entitled to "go-shop" the company during this period . . . Last Friday, BlackBerry pre-announced dismal second-quarter results, including plans to write down almost $1 billion in unsold phone inventory. . ."

BlackBerry Makes Risky Bet on Services - WSJ.com: "Executives responsible for buying smartphones and the software to manage them say BlackBerry faces long odds.Tracey Rothenberger, chief operating officer of Ricoh Americas Corp., Malvern, Pa., said that fewer than 500 of the 9,000 smartphones he manages for the printer and copier maker are BlackBerrys. The remainder are made by Apple or powered by Google Inc.'s Android software. "For me, it's kind of 'game over' for them," he said."

Apple Sells 9 Million IPhones in Debut Weekend
Businessweek
Apple Sells 9 Million IPhones in Debut Weekend ... Apple Inc. (AAPL:US) sold 9 million iPhones in the weekend debut of two new models, almost double the ...

Toronto Star

Google Seeks Ruling Copying Books Without Permission Is Fair
Bloomberg
Authors and a trade group oppose the project, claiming Google has taken away their ... Google's competitors such as Microsoft Corp. and Amazon.com Inc. also ...

Apple Proves Critics Wrong
Forbes
Then, the order queue would melt away, often heading over to Microsoft ... Even the Google Google ecosystem can't boast of an explosive launch like that. Apple ...

Microsoft takes second swing at tablets with new Surface 2 lineup
Computerworld
"We only set out to make them better," said Panos Panay, the Microsoft general manager who leads the Surface team, in a roll-out in front of an invitation-only audience of reporters and analysts in New York City on Monday. The Surface 2, a renamed and ...
New York Post
Google was just one of handful of players in online advertising alongside Yahoo!, AOL and Microsoft. Looking back, despite the positive results recently under of ...

Times of India

Microsoft beams Internet into Africa -- using TV 'white spaces'
CNN
Microsoft is not the only company rolling out white spaces projects in Africa. In late March, Googlelaunched a similar pilot project bringing wireless broadband to ...

Apple Executive Could Be Key to Google Calico Success
eWeek
By choosing Arthur D. Levinson, Apple's chairman, to run its new Calico venture, Google shows it's serious about a renewed effort in health care, industry ...

eWeek

Valve fires up SteamOS, its bid for living ...
CNET
In a highly anticipated announcement, the creator of the Half Life series and Steam gaming portal details its strategy for dominating the living room with a Linux-based OS designed for televisions.

Pandora gets thumped as iTunes Radio debuts
MarketWatch
SAN FRANCISCO (MarketWatch) — Apple Inc.'s announcement that it already has 11 million unique listeners for its new iTunes Radio service appeared to have an impact on Pandora Media Inc. as the leading Internet radio company's shares slid almost 11% ...

Surface Remix Project: hands-on with Microsoft's crazy new DJ tool
The Verge
Microsoft has big plans for the Surface, its Touch Cover, and all those new sensors, but only one crazy new idea is actually on display today at the company's event in New York City. That's the Surface Remix Project, which is part modified Touch Cover and ...

ZDNet
Summary: Is Apple moving its Mac desktop and laptop lines to ARM processors ... We've seen the trouble with Microsoft's hybrid PC/tablet, its dual Windows 8 UI ...

gearburn

Microsoft's calling? Beware of this scam
Philly.com
HELLO, MISS. This is Microsoft tech support and we have detected a serious virus in your computer and we need you to log on right away so we can help you....

Look who Apple's Tim Cook is following on Twitter
CNN
Apple CEO Tim Cook has said so little about his private life that when he joined Twitter and started ...

Times of India


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