Tech Biz Review: Cisco APOLOGIZES, Yahoo’s CEO SEARCH

Amazon (NASDAQ:AMZN) and Foxconn are jointly working on a smartphone based on Android, says Bloomberg, and the former is seeking out wireless patents, which could help it deflect allegations of IP infringements.

Apple (NASDAQ:AAPL) and Samsung (SSNLF.PK) are taking market share from HTC, which is not helping the struggling maker of smartphones, as its shares dropped 5.2 percent on the Taipei exchange in reaction to a second revenue post of $3.04 billion, down 27 percent year-to-year. HTC issued a warning a month ago for the quarter, and figures now show that net profit fell 58 percent to $248 million.

Don’t Miss: Is Amazon Ready to CHALLENGE the Apple iPhone?

Cisco (NASDAQ:CSCO) has apologized for its “lack of clarity” regarding the terms-of-service for Cisco Connect Cloud, which is a web-based network management solution which was recently promoted to users of certain Linksys routers. Among the terms was text that suggested Cisco would keep track of a user’s browsing history, which ignited a public relations fiasco for the networking major.

At the top of the list of candidates for Yahoo’s (NASDAQ:YHOO) permanent CEO spot were said Thursday to be Hulu CEO Jason Kilar and current acting CEO Ross Levinsohn. However, The Seattle Times has been informed by a Hulu spokesperson that Kilar is ‘not interested in running Yahoo’. Does that mean that he actually is?

Don’t Miss: Apple Prepares to Launch New iPad in Second Biggest Market.

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