Palm stocks closed 14% higher on Monday, after the company’s sales were confirmed as high, during an earnings call, but still profits are pretty low for the maker of the Pre model. Financial Times claims that the stock value rise could be in fact based on the fact that Nokia is seeking a Palm buyout, but this is just a mere rumour for now. Financial...
Sprint Nextel Corp. has just announced that it plans on buying Virgin Mobile USA for about $483 million. This deal will open the low end prepaid market to Sprint, who already owns 13.1% of Virgin Mobile. Palm Pre’s exclusive carrier also plans on paying Virgin Mobile’s debt, estimated at $205 million by September 30 and all of these positive...
Reuters claims that Palm Inc. had a narrower quarterly loss than expected, due to the launch of the Pre smartphone, thus proving that the handset was a real success. As a follow-up to the news, the company’s shares rose more than 14%. Palm Pre competes with the likes of the iPhone and BlackBerry smartphones and, according to experts and analysts,...
Vodafone announced its intention to buy Wayfinder, a Swedish company that makes GPS mobile solutions that run on Symbian, UIQ, Windows Mobile and other operating systems. The red and white carrier is willing to pay $29.3 million for the company’s shares, with the blessing of its board and shareholders. What does this mean for Vodafone users?...
Nokia just made it official that it acquired Symbian Limited. The handset producer now has a valid acceptance of greater than 99.9% of the total Symbian shares that it did not already own. Almost unanimous acceptance. Symbian is the software company that develops and licenses Symbian OS, the market-leading open operating system for mobile devices....
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