3 Tech Titans Making Noise: Russian Telecoms Drop Apple, Google Looks Into the Web-TV Market, and Dell Readies for Shareholder Vote
Apple Inc. (NASDAQ:AAPL): Russia’s three largest wireless carriers have decided to end their operations with the iPhone due to Apple’s purchase, subsidy, and marketing requirements. The carriers – MTS (NYSE:MBT), VimpelCom (NYSE:VIP), and Megafon – boast hundreds of millions of subscribers combined, with MTS and VimpelCom clocking in at 300 million together in various emerging markets.
Google Inc. (NASDAQ:GOOG): Internet-based TV is becoming a hot commodity, and now Google apparently wants in on the action. The company has reportedly engaged with TV networks for discussions about licensing their content for an Internet TV service that would stream traditional TV programming, sources told The Wall Street Journal. Others have also considered the idea, although pay-TV providers have pushed back firmly, as they are looking to maintain the status quo.
Dell Inc. (NASDAQ:DELL): Michael Dell and Silver Lake are “prepared to see [their] deal blow up” rather than raise their bid above $13.65 per share, according to what sources told AllThingsD. A stumbling PC industry and rising borrowing costs are the roots of their unwillingness to push the bid above $13.65, with the vote scheduled to go ahead on Thursday morning.