bankruptcy
Kodak to cease production of digital cameras to focus on more profitable products
www.theverge.com
In the wake of its bankruptcy filing last month, Kodak is reportedly ceasing all production of digital cameras, pocket video cameras, and digital photo frames to focus on photo printing products and desktop inkjet printers going forward. This decision was made so the company could focus on the parts...
Google ordered to close search autocomplete feature in Japan over privacy complaint
thenextweb.com
A Japanese court is ordering Google to close down the auto-complete feature for its search engine after it approved a complaint from a man claiming it violates his privacy and has hampered his career. The challenge, which is said to be the first against the feature, centres around the results that...
US Justice Department reportedly set to clear Microsoft and Apple deal for Nortel patents
www.theverge.com
The US Justice Department will clear a $4.5 billion deal for the rights to Nortel's patents, The Wall Street Journal reports. Google originally bid $900 million for the rights to over 6,000 Nortel patents, but lost out to a combined bid five times that size from six technology companies,...
A single share of Apple stock now costs more than an iPad
www.bgr.com
The “Apple is worth more than” meme has gotten plenty of play over the past year, but a new measure of Apple’s success emerged on Monday that is as simple as it is monumental: a single share of Apple stock now costs more than an iPad. As of the open...
DealBook: Micron to Acquire Elpida Memory in Deal Valued at $2.5 Billion
dealbook.nytimes.com
Micron Technology has agreed to buy Elpida Memory, which filed for bankruptcy earlier this year, for $754 million in cash and $1.76 billion in installments to cover debt....
Elpida, World's Third-largest DRAM Maker, Files for Bankruptcy
www.pcworld.com
Elpida Memory, the world's third-largest DRAM maker, filed for bankruptcy Monday in a Tokyo court, saying it had accumulated debts of 448 billion yen (US$5.5......
DOE-backed Beacon Power finds buyer post bankruptcy
news.cnet.com
Flywheel grid storage company Beacon Power has been acquired for $30.5 million in a transaction that will return about 70 percent of a government loan....
B&N 8-K: Microsoft Paying $180M Advance On Nook For Windows 8, $125M For Content, Tech Acquisition
techcrunch.com
Microsoft really wants to make sure it can compete against Amazon and Apple in the e-books space — and it’s putting its money where its mouth is. In addition to the $300 million Microsoft is investing for a 17.6 percent stake in Newco, the un-named subsidiary that will now house...
LightSquared to cut staff by 45 percent as troubles grow
www.engadget.com
Yet another bit of bad news to add to the pile for LightSquared -- the company announced this week that it will be cutting back on its employment numbers by 45 percent. The cost cutting move comes a day after word got out that it had defaulted on a...
Apple reportedly offers Proview $16M for Chinese iPad trademark
9to5mac.com
Two days ago a judge in the US dismissed Proview’s suit against Apple in the US and it seems the dispute may be wrapping up soon as the companies have been discussing a settlement amount. A report by Sina (via the Beijing Times/TNW) says that Apple has offered $16M as a settlement for...
Hackers roamed Nortel's network for years without detection
www.theverge.com
Hackers gained almost complete access to Nortel's systems during a period of nearly 10 years, accessing documents, emails, and business plans. The breach, discovered in 2004, is thought to have originated in 2000 and was not properly addressed by the time the company started selling some of its assets...
Apple seeks approval to sue bankrupt Kodak for patent infringement
www.appleinsider.com
Apple has asked a judge for permission to sue Eastman Kodak for alleged patent infringement, with the approval necessary because Kodak has recently filed for bankruptcy....
Wi-Fi-only iPad could hit mainland China stores soon
gigaom.com
Just because the new iPad is assembled in China doesn’t mean the Chinese can buy one in their own country — yet. That’s because Apple’s latest tablet had not yet cleared the country’s regulatory hurdles. But on Tuesday AllThingsD dug up the Chinese certification for the new iPad — for...
How 100 iPads helped close the deal on Greece’s debt crisis
9to5mac.com
Bob Apfel, the founder of Bondholder Communications Group, told Fortune this morning that he completed the debt restructuring of Greece a couple of weeks ago with the help of an iPad. Well, 100 of them—to be exact. Greece looked at bankruptcy head-on just a few months ago, but it found mercy through a...
Kodak given all-clear to sell its patents
news.cnet.com
Kodak has been given a courtroom approval to find a seller for its patents as part of a bankruptcy restructuring plan, despite opposition from Apple. [Read more]...
Proview fights for iPad trademark all the way to bankruptcy
gigaom.com
It’s a lot harder to pursue a trademark case when you’re bankrupt. And that could soon be the scenario faced by Proview, the Taiwanese company that is asserting it — and not Apple — owns the iPad trademark in China. The Associated Press reports Monday that Fubon Insurance, a Proview...
Android Is Winning, But Companies That Make Android Phones Aren't (GOOG)
www.businessinsider.com
Android keeps gaining market share in the U.S., but individual Android resellers aren't doing so great. According to ComScore, Android passed 50% market share in the U.S. for the first time in February, gaining about 3 points since November. But the top three Android vendors were flat or down:...
How to save RIM: adopt Steve Jobs's 1996 playbook (and dump PlayBook) | Charles Arthur
www.guardian.co.uk
The BlackBerry smartphone maker is in deep trouble - but Apple was once in even worse trouble with even less time to fix it. So what should Thorsten Heins do? The same as the company now squashing it didRIM, as pretty much everyone - including RIM's management - knows, is...
Apple SVP Design Jony Ive speaks on Apple's design process and the 'Bankruptcy Days'
9to5mac.com
Senior Vice President of Industrial Design Jonathan Ive spoke at the British Embassy’s Creative Summit this morning about Apple’s design focus, and Wired was on hand to get the report. The Apple executive primarily described how revenue does not drive the folks in Cupertino but rather “great products” do....
Bankrupt Bitcoin exchange Tradehill suing red hot payment startup Dwolla for $2M
venturebeat.com
One of the reasons that small startup are loathe to announce big funding rounds is that plaintifs and patent trolls always come out of the woodwork. Payment startup Dwolla, which recently closed a $5 million round of funding led by Union Square Ventures, is now defending itself against a $2...
Is Big Data leading us to financial and mental bankruptcy?
www.theverge.com
It probably comes as no surprise that the human race is generating more data than it knows what to do with. But the numbers behind this insane, exponential buildup of bits may still shock you: In a recent editorial, IBM's VP of supercomputing, Dave Turek, mentions that if we...
Jony Ive: Apple almost shelved the iPhone because nearly unsolvable problems like ear-dialing
9to5mac.com
Apple SVP of Industrial DesignJony Ive is making the rounds in London for the Olympics this week. Yesterday he spoke on Apple’s design process and the ‘Bankruptcy Days’ at the British Embassy’s Creative Summit. Today more of what he’s has said was revealed by the Independent and the following quotes stand out: “There were multiple...
Sprint slumping after analyst stirs up bankruptcy fear
news.cnet.com
The company's shares were down about 4.5 percent yesterday and are currently tailing off in early trading today. [Read more]...
Proview creditor calls for bankruptcy as iPad trademark suit drags on
www.appleinsider.com
As the legal battle between Proview and Apple over the iPad trademark in China continues, one creditor has become unwilling to wait for a settlement and has applied to have the ailing monitor maker declared bankrupt....
Kodak sues Apple for allegedly interfering with patent sales, has little nostalgia for your QuickTake
www.engadget.com
Kodak may have recently obtained clearance to sell some patents and help dig itself out of bankruptcy, but it wants to be extra-certain Apple is nowhere near potential buyers if a deal goes down. The former camera maker is suing Apple in hopes of making the former collaborator drop...
Kodak sues Apple for allegedly interfering with patent sales, has little nostalgia for your QuickTake
Google's promise to honor Motorola's existing FRAND obligations must be specific or won't be an improvement
fosspatents.blogspot.com
A couple of hours after I learned that Motorola Mobility views standard-essential patents as a license to (literally) kill, I saw a Bloomberg report according to which Google "plans to send a letter to standards organizations reassuring them it will license Motorola Mobility Holdings Inc. patents on a fair and...
Google's promise to honor Motorola's existing FRAND obligations must be specific or won't be an improvement
ITC: Kodak imaging patent is invalid, Apple and RIM off the hook
arstechnica.com
The International Trade Commission has now reaffirmed an earlier ruling that neither Apple nor RIM violated a key Kodak patent related to digital image previews. According to a ruling handed down late Friday, the patent isn't valid, which could cost Kodak dearly as it prepares to sell its imaging and other...
Judge Tells Apple to Halt Patent Suit Against Kodak
online.wsj.com
A judge said Apple couldn't pursue patent-infringement litigation against Eastman Kodak over a patent the computer giant fears might be sold during Kodak's bankruptcy before an ownership dispute is resolved....
The morning lowdown 5-22-12
paidcontent.org
Some of the stories people are talking about this morning… Kickstarted: My interview with Kickstarter founder Perry Chen (GigaOM) 14 amazing questions for BuzzFeed’s Ben Smith (Fast Company) E-mails reveal new details about Arianna’s role in HuffPo founding; “cover-up” alleged (paidContent) Forget reward points: AmEx gives users Farmville cash (GigaOM)...
LightSquared's Bankruptcy Is a Cautionary Tale
www.pcworld.com
After more than a year of active testing and debate over LightSquared's plan for a nationwide, wholesale 4G network, the now bankrupt company may end up as no......
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