On 18 July 2001, a freight train derailed in the Howard Street tunnel running beneath downtown Baltimore, spilling 20,000 litres of hydrochloric acid. The resulting chemical fire destroyed fibre-optic cables owned by eight major US internet carriers.
Is Motorola planning to hold a fire sale?
Oppenheimer analyst Ittai Kidron observes in a research note that the company continues to plan the spin-off of its crumbling handset business sometime next year. But he says checks suggest the company is in the middle of strategic planning process that could lead to other asset sales as well over the next 12 months.
Apple now finds itself where everyone else in the mobile handset business wanted to be 15 years ago. Large companies full of clever people devoted years of planning and expenditure to fail to get here. How did a company with no track record in a notoriously difficult business find itself walking away with the laurels? What can explain this paradox?
A few hours before the global launch of Nokia’s latest high-end phone, the company gave a sneak peek at the gadget to a dozen bloggers and journalists gathered at its swank Midtown Manhattan concept store. With an elegant touchscreen that slid open to reveal a full keyboard, the device evoked lust in even the iPhone disciples present. So when can we get it in the U.S.?
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