Tech Biz Roundup: RIM’s Frankenstein Phone, EU Frowns on Google
You’ve got it all wrong! Panasonic (NYSE:PC) assertively states that it has no intentions of investing in Olympus (OCPNY.PK), despite a media report Wednesday which suggested that Panasonic was getting ready to make a stake of up to $635 million.
EU Competition Commissioner Joaquin Almunia reports that Google (NASDAQ:GOOG) has thus far made no concessions for the purpose of assuaging worries that it has abused its dominance of that market. No comment was made on rumors that Almunia gave Google a July 2nd deadline, but if the firm doesn’t satisfy the EU it could receive formal charges, and that could constrain its negotiating position.
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While Research In Motion (NASDAQ:RIMM) might be pinning its hopes on its new Blackberry, the device will be made up of a hodgepodge of technologies which have been purchased or licensed including the camera, touchscreen, and the operating system. The strategy is altogether new for RIM and one analyst comments that, “It’s almost too many things to integrate at the same time”. Meanwhile, the firm has ceased production of its smallest-capacity 16 gigabytes PlayBook tablet, so as to concentrate on the 32 gigabyte and 64 gigabyte models, while it experiences overall unimpressive sales and a $485 million inventory charge for the line in December. However, it’s expected that RIM will “remain committed to the tablet space”.
Juniper Networks’ (NYSE:JNPR) current product lines and those in its pipeline will be insufficient to assuage profit erosion and a slowing growth path, says Alex Henderson at Needham. Accordingly, the analyst awards the firm a stiff downgrade, which causes shares to go tumbling.
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