Tech wrap: Samsung to take smartphone crown
Samsung will become the world’s largest smartphone maker this quarter followed by Apple, overtaking struggling Nokia which has lead the market since 1996, Nomura said. Research firms Gartner and Canalys both said they saw Nokia — which created the smartphone market with its 1996 launch of the Communicator model — losing smartphone volume leadership later this year.
Facebook is preparing to file for an initial public offering as early as October or November that could value the social networking site at more than $100 billion, CNBC reported. Goldman Sachs is leading the chase to manage the offering, which could come in the first quarter of 2012, CNBC said.
The Wall Street Journal’s Shira Ovide sums up what is known about Facebook’s IPO. Perhaps one of the most interesting facts is only a couple dozen U.S. companies, such as Exxon Mobil, GE and J.P. Morgan Chase, have stock-market values above $100 billion.
Google plans to buy online advertising company AdMeld to grab a larger slice of the market for graphical display ads. Google did not disclose the financial terms of the deal, although TechCrunch reported last week that Google paid roughly $400 million, citing anonymous sources.
Governments, multinational corporations and global institutions are losing the battle against computer hackers and must combine their resources if they are to lock out cyber intruders, experts say. The International Monetary Fund has joined Sony and Google on a growing list of hacking victims but it is hard to identify the culprits who consistently manage to keep one technological step ahead of their pursuers. “This is an example of technology developing faster than the frameworks and sometimes the regulations around that,” said Unilever chief executive Paul Polman on the sidelines of a World Economic Forum meeting in Jakarta.
Turkish police detained 32 members of the Anonymous cyberactivism collective on suspicion of planning attacks on a number of websites, Turkish state-run news agency Anatolian reported. The action came in response to a complaint from Turkey’s Directorate of Telecommunications, whose website was taken down on Thursday as part of a protest against what Anonymous says is government censorship of the Internet.
An Apple store employee started a drive to unionize retail workers in a rare move at a company known for its near-fanatical following and cutting-edge mystique. Cory Moll, a part-time employee at an Apple store in San Francisco, is working to form a union to fight for better wages and benefits and to address what he says are unfair practices in the company’s glass-and-steel retail showrooms.