Technology Biz Recap: Blackberry’s Spoil at Halliburton, Microsoft’s Purchase
Halliburton Company (NYSE:HAL) plans to phase out use of employee Blackberries in favor of using the iPhone and iOS platform, according to a leaked internal memo. Research In Motion’s (NASDAQ:RIMM) goal to keep a decided edge over rivals in the enterprise market is defeated and Apple (NASDAQ:AAPL) will be able to compete for large corporate accounts.
Don’t Miss: Halliburton: iPhones Rule.
Sprint (NYSE:S) announces a partnership with Orange Business Services. It will provide a network of global machine-to-machine connectivity, which could add entirely new business segments for the company.
InterActiveCorp (NASDAQ:IACI) plans to sell a $50 million stake in its Vimeo online video site at a $300 million valuation, reports Pando Daily. The company is looking to maintain a 50% “non-controlling stake” in Vimeo following the deal, while claiming over 55 million unique visitors, despite revenues of just $5 million.
Investing Insights: IACI Investors Not Happy About Vimeo’s Valuation.
Microsoft (NASDAQ:MSFT) takes an equity stake in business software player 24/7 and signs a research and development partnership agreement. The firms say that the deal will generate over $250 million in annual revenue from large companies using its predictive software to track consumer behavior and preferences for 24/7.
Verizon (NYSE:VZ) files a shelf registration statement with the Securities Exchange Commission. In it, Verizon discloses its intent to sell a mix of securities worth up to $10 billion.
Apple (NASDAQ:AAPL) reports The Globe and Mail is in talks to sell its much-rumored television set through Canadian cable/wireless providers Rogers Communications (NYSE:RCI) and BEC (NYSE:BCE). This comes a day after Best Buy (NYSE:BBY) inadvertently leaked details about the set. It’s claimed Rogers and BCE already have prototype sets, and that the device can be controlled by either voice (NASDAQ:SIRI) or hand gestures.
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