Posted on 2009 under Communications |
14
Nov
» Will Apple’s treatment of its app developers eventually alienate coders? [Venture Beat]
» Trade group GSMA is predicting over 87 million LTE subscribers worldwide in 2014. [Fierce Wireless]
» An Oppenheimer analyst has updgraded Juniper Networks’ stock. [Cellular News]
» App developer Storm8 is asking forgiveness for fraudulently collecting its users’ wireless phone numbers. [ReadWriteWeb]
» T-Mobile is adding another Android phone to its stable. [Ars Technica]
» Virgin is expanding its wireless broadband service and retailers, and cutting $50 of the price of the service modem. [DSL Reports]
» Innovative Converged Devices (ICD) will roll out an Android-based tablet in 2010. [Gizmodo]
Posted on 2009 under Communications |
14
Sep
Deutsche Telekom (NYSE: DT) is considering acquiring Sprint (NYSE: S), the third-largest U.S. carrier in a bid to fix T-Mobile USA, its ailing U.S. wireless business. Sources told the UK’s Telegraph that Deutsche Telekom may submit a bid within the next few weeks.
The company has apparently hired an investment bank to consider the offer, which closely follows the decision to merge with its struggling T-Mobile UK business with Orange to create Britain’s biggest mobile phone firm. DT’s two ailing wireless units have been a top priority of CEO René Obermann, who blames them for contributing to the company’s €1.1bn first-quarter loss. Currently, Sprint is valued at about $10.6 billion (£6.3 billion), and DT has a value of £36.3 billion ($60.5 billion).
Together, T-Mobile USA and Sprint would roughly make the second-largest U.S. carrier, but would be a disjointed hodgepodge of at least three different network technologies (not to mention Sprint’s minority stake in Clearwire (NSDQ: CLWR), which has chosen WiMax as its 4G technology, rather than LTE, which DT has picked). Additionally, both are struggling to compete with AT&T (NYSE: T) and Verizon Wireless (NYSE: VZ) on the high-end and discount carriers on the low-end. The deal would also likely face scrutiny from regulators since it would be narrowing the field from four competitors to three at a time when the U.S. is investigating the telecom industry’s best practices.
Posted on 2009 under Communications |
14
Sep
Online photo printing and sharing service Shutterfly has acquired mobile app developer Tiny Pictures for $2.6 million. The deal, first reported by TechCrunch, calls for Shutterfly to pay $1.3 million in cash for the company and another $1.3 million in restricted stock to employees, which is contingent on certain performance targets. It’s a pretty good deal for Redwood City, CA-based Shutterfly. The same can’t be said for the backers of San Francisco’s Tiny Pictures, which has raised $11.2 million since opening its doors four years ago.
Tiny Pictures raised $7.2 million in February 2008 in a second round led by Draper Fisher Jurvetson; investors in its $4 million first round included Reid Hoffman, Joi Ito and Mohr Davidow Ventures, which held preferred shares. MDV was identified in an SEC filing as getting part of the proceeds. Nancy Schoendorf, a managing partner of MDV, sits on both boards but was not part of negotiations, according to the filing.
Shutterfly gains expanded mobile services. Tiny Pictures runs a site called Radar.net, which allows for mobile sharing and is integrated with Twitter, Facebook, Flickr and other social networks. In January 2008, Shutterfly bought online groups and personal publishing service Nexo Systems for under $15 million in cash and stock.
Related
Posted on 2009 under Hardware, Supercomputing, Technology |
13
Sep
Steve Balmer’s plans went really wrong with recent Linux patent auction. Instead of patents ending up with patent trolls, as Microsoft wished, AST acquired the patents, which was later sold to OIN, Open Invention Network.
Up your Bolder 
“Allied Security Trust is pleased that Open Invention Network had interest in acquiring the Open Source patent portfolio. OIN’s purchase ensures that these important patents will not be used by patent trolls or others seeking to disrupt Linux and the many companies and individuals advancing this important technology,” said Dan McCurdy, Chief Executive Officer of Allied Security Trust.
Following is the complete press release by OIN;
Durham, NC (September 8, 2009) – Open Invention Network (OIN), a collaborative enterprise that enables innovation in open source, today announced the acquisition of 22 Linux-focused patents that were marketed and sold by Microsoft. The patents were recently purchased by Allied Security Trust (AST) from Microsoft to ensure the patents did not fall into the hands of non-practicing entities (more information on non-practicing entities is available at http://en.wikipedia.org/wiki/Patent_troll, among other sites) that could seek to assert the patents against Linux products. OIN subsequently acquired the Microsoft patents from AST.
“Today’s announcement evidences OIN’s continued commitment to acquire patents that may be relevant to Linux,” said Keith Bergelt, Chief Executive Officer of Open Invention Network. “We are pleased to have purchased these patents and view this as a model of successful collaboration among defensive patent organizations that share a common goal of creating freedom of action for practicing entities across Linux and the broader technology sector. The prospect of these patents being placed in the hands of non-practicing entities was a threat that has been averted with these purchases, irrespective of patent quality and whether or not the patents truly read on Linux.
“Allied Security Trust is pleased that Open Invention Network had interest in acquiring the Open Source patent portfolio. OIN’s purchase ensures that these important patents will not be used by patent trolls or others seeking to disrupt Linux and the many companies and individuals advancing this important technology,” said Dan McCurdy, Chief Executive Officer of Allied Security Trust.
About Allied Security Trust
AST is a Delaware statutory trust currently with 15 member companies headquartered in North America, Europe and Asia. The Trust provides opportunities to enhance companies freedom to sell products by sharing the cost of patent licenses. To date, the Trust has invested $40 million in patent purchases over its 30 months of operations. Through such purchases, the Trust provides an excellent opportunity for patent holders of all sizes to generate a return on their rights by selling patents to the Trust.
AST is not an investment vehicle. Its purpose is freedom of operation and cost reduction. It generates no profits and does not engage in patent assertions against other companies. AST maintains a catch-and-releas; commitment that returns to the market in a timely manner patents acquired on behalf of Trust members after licenses are secured. The Trust also addresses the increasing need for innovative companies to defend against costly patent law suits. For more information, visit www.alliedsecuritytrust.com.
About Open Invention Network
Open Invention Network is a collaborative enterprise that enables innovation in open source and an increasingly vibrant ecosystem around Linux by acquiring and licensing patents, influencing behaviors and policy, and protecting the integrity of the ecosystem through strategic programs such as Linux Defenders. It enables the growth and continuation of open source software by fostering a healthy Linux ecosystem of investors, vendors, developers and users.
Open Invention Network has considerable industry backing. It was launched in 2005, and has received investments from IBM, NEC, Novell, Philips, Red Hat and Sony. For more information, visit www.openinventionnetwork.com.
Media-Only Contact:
Ed Schauweker
Ketchum for Open Invention Network
ed.schauweker@ketchum.com
(703) 963-5238
