Nortel shares jumped 13% this morning when the telecommunications equipment manufacturer announced it was offloading its WiMax business to Israel-based Alvarion, which also got a boost from the news.Once the next-gen high-speed wireless technology to beat
The 3G iPhone launch this week unveiled Apple’s latest weapon in the smartphone wars, but is its later-than-expected release date — July 11 rather than the widely speculated June — cause for concern?Not so much, says Barron’s West Coast Editor Mark Veve
From Silicon Alley Insider, June 12, 2008:No. But an Amazon Retail Presence Actually Wouldn’t Be AbsurdBorders Group (BGP) shareholder Bill Ackman told reporters that he thinks Amazon (AMZN) should buy Borders to jump start a “bricks and clicks”
From All Things Digital, June 12, 2008:Jeff Weiner, as BoomTown reported in a story broken by BoomTown Monday and also yesterday, will be leaving Yahoo to become an entrepreneur in residence at both Accel Partners and Greylock Partners. …
In another blow to its already battered reputation, The WSJ says Citigroup plans to close Old Lane, a hedge fund it paid $800 million for less than a year ago.Adding insult to injury, Old Lane was co-founded by Vikram Pandit, Citi’s current CEO. …
From All Things Digital, June 12, 2008: The parade of iPhone lookalikes continues. Soon after Apple (AAPL) announced the first iPhone a year ago, factories in Asia, at the behest of U.S. phone carriers, were asked to respond to the sleek, touch-screen dev
TNS Media released numbers on first quarter ad spending, and the downturn is definitely being felt in media. While up .6% overall, it’s not recession-range yet, but if it weren’t for online ads, it surely would be. Here’s the breakdown of winners and lose