3 Tech Titans Making Noise: Ruling Spoils Apple, Cisco Plans Launch, Nokia’s New ‘Phablet’
Apple Inc. (NASDAQ:AAPL): U.S. District Judge Denise Cote has laid out the injunction for Apple’s e-book pricing scandal. The company is forbidden from enforcing most favored nation clauses in any e-book publishing contracts for five years and also forbids the company from entering into any book publishing contracts that contain them for five years. Apple is also required to stagger new contract negotiations with the settling publishers; largely, the ruling falls in line with the Department of Justice’s hopes. Apple plans to appeal the injunction.
Cisco Systems Inc. (NASDAQ:CSCO): Reports are indicating that Cisco is gearing up to launch the NCS 6000, a core router and optical transport platform that is intended to handle diverse IP traffic loads with ease, helping to contend with the growing percentages of mobile-based traffic. The 6000 could be a sturdy stepping stone in helping Cisco rebound from a tough July quarter.
Nokia Corp. (NYSE:NOK): Images of Nokia’s Lumia 1520 “phablet” have surfaced, indicating that the large phone/small tablet will share many design features and a polycarbonate body with the Lumia 928. The 1520 will become the first 5-inch or more Windows Phone device with a 6-inch 1080p display, a 20 megapixel (or greater) camera, and a quad-core Qualcomm CPU. The phone is expected to launch later this year.