The already intensively competitive wireless sector today finds itself with a tough new player: Wal-Mart. The retailing giant has teamed up with American Movil to sell low-cost service under the Straight Talk brand. The company is offering unlimited voice and text minutes for $45 a month, or 1,000 minutes and 1,000 text messages for $30 a month.
Dell has confirmed that it is developing mobile devices for China Mobile, Reuters reports.
A Silicon Valley startup and handful of publishers have a new plan to bring peace to the war between Web sites and media companies accusing them of stealing their content.
The group, which includes Reuters and smaller online publishers like Politico, wants companies that broker advertising to Web sites to give them a share of the revenue from ads they sell alongside full copies of their content.
A south Korean blogger was acquitted Monday of spreading false information in a widely-watched case about Internet free speech that could have sent him to prison for 18 months.
A provocative story from Reuters Monday ruminated on which companies are likely to replace Citigroup and General Motors in the Dow Jones Industrial Average. Its conclusion: Google and Cisco are the most likely contenders, with Apple and Visa having a less likely chance.
I’m not sure why the micropayments-as-the-savior-of-journalism meme seems to have taken off of late, but I’m glad there are lots of people trying to squash it: I’d particularly recommend Gabe Sherman and Clay Shirky. But in the case of Steve Brill’s “secret memo” on the subject, it’s worth responding to some of his specifics.
Toshiba Corp. is in talks to buy Fujitsu’s hard disk drive business–a deal that would be worth $340 million to $450 million. Fujitsu was previously in talks with Western Digital to sell the business but those talks fell apart last year.
As initially reported over the past week, Qimonda–the troubled Munich-based maker of DRAM–announced yesterday that it has obtained an investment of 605 million euros from a combination of investors, including parent Infineon Technologies and the Federal Republic of Germany.
In what tech pundits at Gartner Research call the curve of hype and gloom, Linden Lab’s virtual world, Second Life, has officially entered the gloom stage. In October, Reuters pulled its full-time Second Life reporter Eric Krangel, who had written daily news stories about the virtual world’s economy for a year and a half, out of the virtual world.
Toshiba is suspending flash memory production at two of its plants, but only for nine days. The company denies plans to shut down the plants completely, though it plans to speed up restructuring at its money-losing chip operations.
Verizon’s debut of the Storm, the first touchscreen BlackBerry, caused quite a ruckus in some places–in Manhattan, hundreds of people waited outside Verizon Wireless stores. When one store ran out of phones an hour after opening, police were called to restore order among rowdy customers.
A longish article from Reuters today speculates on whether Research in Motion (RIMM) could be bought out, now that its share price has received a 50 percent haircut in the last month, to $59.03, and its market capitalization has fizzled to a mere $33.4 billion.
Solar stocks are having another rough day, one which looks all that much worse with the Dow Jones Industrial Average up well over 200 points. A number of analysts this morning wrote notes on their trips to the recent European solar conference in Valencia, Spain.
Liberty Media (LCAPA) is “open” to swapping its stake in Time Warner (TWX) for AOL’s dial-up Internet access business, Liberty Chairman John Malone said Monday, Reuters reported.
Malone said there have not been any discussions on the concept so far, however.
Carl C. Icahn took his first steps into the Internet earlier this year by beginning a blog. Now he’s about to get some help. The activist shareholder has hired Dane Hamilton, a hedge fund reporter at Thomson Reuters, to work on his Web site, The Icahn Report, according to people briefed on the matter. Mr. [...]
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