Outgoing Microsoft CEO Steve Ballmer held his final meeting with employees on Thursday, in what was reportedly a highly emotional event for the executive, who is stepping down after three decades with the company. Meanwhile, rumors continue to circulate about Ballmer's potential successors.
Nokia's board is considering a deal between the company's Nokia Solutions and Networks (NSN) unit and rival Alcatel-Lucent, according to multiple reports.
Nokia will use its Oct. 22 Nokia World event in Abu Dhabi to announce at least six new devices, including at least two new Lumia smartphones running Microsoft's Windows Phone software, according to a The Verge report.
The plan to pay former Nokia CEO Stephen Elop a termination fee of €18.8 million ($25.4 million) has caused outrage in Finland, but the situation has taken a new turn of late, with Nokia confessing it gave misleading information about Elop's payout and reports emerging that Elop pushed back against attempts to reduce the award because he is getting divorced.
In late June 2012, when BlackBerry delayed the launch of its BlackBerry 10 platform until early 2013, I wrote that it might be too little, too late. That sentiment seemed to be confirmed on Friday, when BlackBerry said it would cut 4,500 jobs--around 40 percent of its workforce--and post a nearly $1 billion loss for its most recent quarter. Even more dispiritingly, the company signaled it would shift its focus away from the consumer device market. The question now is: Can BlackBerry survive as a services company? I doubt it.
China Mobile made official its selection of vendors to supply equipment for its commercial TD-LTE networks. The contracts, estimated to be worth some $3.27 billion, were awarded to nine vendors, according to a post on the carrier's website.
Microsoft, in the middle of swallowing partner Nokia's handset business and transforming itself into a devices and services company, faces challenges but has a clear path ahead of it, according to outgoing CEO Steve Ballmer and other executives.
Apple CEO Tim Cook dismissed pundits and analysts who have questioned the price of the company's lower-cost iPhone 5c as too high, arguing that Apple has never been in the business of making low-cost phones.
Microsoft's decision to pay around $7.2 billion for Nokia's handset business was partly sparked by a desire to keep Nokia from switching to Google's Android platform after late 2014.
A Huawei executive said the Chinese vendor remains committed to supporting Microsoft's Windows Phone platform in the wake of Microsoft's decision to pay around $7.2 billion for Nokia's handset business.