Tech Business Roundup: Research In Motion Disappoints Again, Netflix and CBS Talk Deal
Although the settlement terms were not reported, LG Display (NYSE:LPL) has resolved the issue over allegation that it colluded with fellow LCD makers to fix prices. The case involved either state in the U.S. and many consumers.
Shares of Research In Motion (NASDAQ:RIMM) fall as its BlackBerry World developer’s conference didn’t quite work out the way it wished. The company wanted to convince developers that its BlackBerry 10 operating system, which diverts widely from BB7, is worth supporting, in spite of the dominance of iOS and Android, along with the coming competition of Windows Phone. RIM has been supplying a BlackBerry 10 prototype phone with software mostly identical to that of the PlayBook, and has promoted the brilliance of its virtual keypad and camera software. IDC says that RIM’s global smartphone market share dropped more than 50 percent to 6.7 percent year-to-year in the first quarter.
An SEC okay for distribution of Facebook’s (FB) S-1 to investors, expected this week, could open the way for its initial public offering campaign to start next week – even on Monday – says Kara Swisher and CNBC. Further, Mark Zuckerberg will take part in the program, although chatter had it that he might not. Trading could begin as soon as May 16 or 17.
Will Amazon (NASDAQ:AMZN) develop its own smartphone? ABI Research’s Aapo Markkanen says that such a move would be a “logical next step” for Amazon, it being a trusted retailer of physical products, and, that device could also supply what e-readers can’t, which is a genuinely mobile hardware device that provides a 24-7 locked-in connection to the firm’s content ecosystem.
Sprint (NYSE:S) gets a wireless service contract in the amount of $2 billion from the Western States Contracting Alliance (WSCA), which oversees public sector acquisitions for 15 states. The arrangement last through October, 2016.
Netflix (NASDAQ:NFLX) and CBS (NYSE:CBS) have had talks regarding the possible rebirth of the post-apocalyptic TV series Jericho, says TV Guide. The former series, Arrested Development, is already slated by Netflix to be brought back, as well as other series. However, the reviews for Lilyhammer, which the firm developed, were mixed.
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