Tech Biz Cheat Sheet: HTC Has Largest Android Market Share, Sprint to Offer Unlimited Data with iPhone 5
Sales of the 3DS Handheld console increased 260% in August after Nintendo (PINK:NTDOY) cut its price. Nintendo shares had been down in July following a weak earnings report and amid growing competition from iOS (NASDAQ:AAPL) and Android (NASDAQ:GOOG).
Yahoo (NASDAQ:YHOO) has hired UBS (NYSE:UBS) and Allen & Co. to help the web service explore option to increase shareholder value. Rumors have been circulating that the publicly-traded company, which has seen its stock decline more than 14% this year, might be open to selling itself or going private.
A new study shows HTC (PINK:HTCCF) to be the dominant Android (NASDAQ:GOOG) vendor in the U.S. with a 58% share. That’s good news for Qualcomm (NASDAQ:QCOM), given the high royalty rate HTC pays to the chip maker.
Travelzoo (NASDAQ:TZOO) received a tactical tender offer from ChaPaVe Partners to buy a 9% stake in the company for $40/share, a 22% premium on the stock’s closing price Thursday.
Computer Sciences (NYSE:CSC) has won a 10-year, $900 million-plus contract to provide IT and infrastructure management services to an unnamed U.S. commercial products manufacturer.
The U.S. Senate has approved a major overhaul of patent law that will grant patents to the first company to file for an invention rather than the first to invent it. The change will have major implications within the technology sector, where companies like Apple (NASDAQ:AAPL), Research in Motion (NASDAQ:RIMM), Google (NASDAQ:GOOG), and Microsoft (NASDAQ:MSFT) have been continually pulled into patent disputes over the last year.
Alibaba Group plans to launch a tablet computer within the next two months. The tablet will run its own operating system after the group rejected bids from handset makers to supply the OS.