Webwire: Nokia chairman leaves; Facebook sets IPO guide price
Nokia chairman Jorma Ollila has stepped down from the board, and expressed regret at not being able to leave the company he's worked at for the last 27 years in a better competitive position.
Facebook has set an indicative offer price of between $28 (€21.32) and $35 a share for its hotly anticipated IPO, which could value the company at between $77 billion and $96 billion.
A US judge has ordered Apple and Samsung to reduce the size of an intellectual property battle before a trial, noting it would be “cruel and unusual punishment to a jury” to bring the all of the claims before them.
Google lost money on Android during every quarter of 2010, according to financial documents provided by the search company during an Oracle lawsuit against the platform. The judge hearing the case sealed the documents, but read part of their contents to the court.
RIM has reassured its most faithful fans that it will continue to produce BlackBerry smartphones with a physical keyboard, even though a prototype BlackBerry 10 model was touchscreen only.
Microsoft is preparing to trial a mobile phone-style Xbox payment scheme, whereby the unit will be sold at a discount if customers agree to a monthly subscription fee to Xbox Live.
America Movil has agreed to cut interconnection rates in Mexico by around 20%, in exchange for antitrust regulator the Federal Competition Commission dropping a near $1 billion (€761 million) fine.