Tech wrap: AT&T, T-Mobile deal less likely than ever

November 24, 2011

The chances of AT&T’s bid for T-Mobile USA succeeding rapidly diminshed after AT&T said it would take a $4 billion charge in case its takeover fails. The telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the $39 billion takeover from the Department of Justice, but withdrew for now applications to the industry regulator.

Tech wrap: Google+ now open to the masses

September 20, 2011

Google has opened up its Google+ social network to anyone who’d like to give it a whirl, after a successful three-month run as an invite-only service. The company also rolled out a slew of new features for Google+, including integration of its flagship search engine into the platform, and expanded its Hangouts video-chatting feature to enable mobile use on its own Android-based smartphones. Support for Hangouts on Apple’s iOS mobile software is “coming soon”, Google promised in a blog post. Users will soon have the option to broadcast their Hangouts sessions beyond the nine allowed participants as well by opening them up to live viewing by anyone. Want to record a chat for posterity? Well, that’s coming soon too.

Tech wrap: RIM profit tanks

September 15, 2011

Research In Motion quarterly adjusted net profit fell 47 percent to $419 million, on revenue of $4.2 billion, hurt by an aging lineup of BlackBerry smartphones that was only refreshed very late in the quarter and tepid sales of its PlayBook tablet. RIM shipped 10.6 million smartphones and 200,000 PlayBook tablet computers in the three months to August 27, sharply below the average estimate of analysts.

Tech wrap: Groupon rethinks IPO

September 6, 2011

Groupon called off an IPO roadshow slated for next week because of market volatility, the Wall Street Journal reported. The Internet coupons site is reassessing the timing for an offering on a week-by-week basis, the newspaper added, citing an unidentified source. Some on Wall Street have questioned Groupon’s financial disclosures, while others are concerned the company’s rapid growth is starting to slow in North America. Groupon CEO Andrew Mason sent a memo to employees recently that was widely reported in the media, in which he blasted critics in the press and on Wall Street.

Tech wrap: AT&T preps plan to salvage T-Mobile deal

September 2, 2011

AT&T was expected to soon present a two-track plan that allows the company to try to find a settlement before the government lawsuit to block its planned $39 billion acquisition of smaller rival T-Mobile USA reaches the court. Details of AT&T’s proposed settlement were not available, but it is expected to include pledges to maintain T-Mobile’s relatively cheap mobile subscription plans, and asset sales.

AT&T/T-Mobile: Will consumer intuition prove correct?

By Eleanor M. Fox
September 2, 2011

By Eleanor M. Fox
The opinions expressed are her own.

Just as I was bracing for the headline, “U.S. approves AT&T’s acquisition of its fiercest competitor subject to a few conditions,” I had a happy surprise. “U.S. Files Lawsuit to Block Merger of Phone Rivals.” In another era, this would not have been a surprise. The surprise would have been that AT&T would have had the audacity to propose a merger with T-Mobile and confidently predict that it will close (betting a 6 billion dollar break-up fee that it will). After all, US antitrust law prohibits mergers where “the effect … may be substantially to lessen competition.”

The future is calling, AT&T, and it’s not T-Mobile

September 2, 2011

By John C Abell
The opinions expressed are his own.

The proposed AT&T/T-Mobile merger is shaping up to be an iconic business case saga and a judicial milestone. Who would have thought that nearly 40 years after the U.S. Department of Justice convinced a judge to break up “Ma Bell” that the DoJ might be able to convince another judge to tell that same company you can’t get too big again?

Tech wrap: Is the DoJ right to oppose the AT&T, T-Mobile deal?

August 31, 2011

The Justice Department sued to block AT&T’s $39 billion deal to buy T-Mobile USA because eliminating T-Mobile as a competitor would be disastrous for consumers and would raise prices, particularly because the smaller provider offers low prices, the lawsuit said. The lawsuit is a serious attempt to halt a “fundamentally flawed” deal, not a tactic to wring out-sized concessions from AT&T, a source familiar with the lawsuit said.

Why consumers still lose if AT&T can’t buy T-Mobile

By Dan Frommer
August 31, 2011

By Dan Frommer
The opinions expressed are his own.

The government’s opposition to AT&T’s takeover of T-Mobile seems to be about competition and price: It’s not comfortable with the idea of three carriers (instead of four) representing 90% of wireless connections, and it doesn’t want T-Mobile’s low-cost strategy being removed from the market.

Sony: Our tablets are coming… eventually

July 13, 2011

Sony teased out a few more details about its new Android tablets — codenamed S1 and S2 — and let reporters briefly handle prototypes.