Score a point for Apple. Software maker Adobe scrapped its Flash Player for mobile devices after a mutli-year battle with Apple over the merits of the technology, which is used to view videos and play games on the Web. Take a look back at the legendary tech spat in this blow-by-blow timeline that stretches back to January 2007 when Apple launched its iPhone with a browser that was not compatible with Adobe’s Flash player. The company said in a blog post it plans to focus its future mobile browsing efforts on HTML5, a competing technology that is now universally supported on all major mobile devices.
Cisco Systems Inc’s quarterly results edged past Wall Street’s scaled-back expectations as IT spending held up despite fears of a severe pullback, buoying its shares in extended trading. The world’s largest networking equipment maker reported sales of $11.2 billion in the fiscal fourth quarter, surpassing expectations for under $11 billion.
Yahoo’s battle with Alibaba intensified as they issued contradictory statements over the Chinese company’s transfer of a major Internet asset to its CEO. Analysts said the handover of Alipay, an online e-commerce payment system, to Alibaba CEO Jack Ma has reduced the value of Yahoo’s 43 percent Alibaba stake. Yahoo said it had been blindsided by the deal, while Alibaba countered that Yahoo was aware of the transaction by virtue of having a board seat, now held by former Yahoo Chief Executive Jerry Yang, who is also a Yahoo director.
HTC launched the HTC Sensation, offering an entire library of movie and TV shows via a wide screen, with a fast 1.2GHz processor. While Nokia, which dumped its once-dominant Symbian software earlier this year after falling behind Apple in the high-end handset market, launched two new models improved with better text input, faster Internet browsing and a refreshed Ovi Maps application, in a bid to stem customer defections while it works on a new offering.
The iPhone and its rivals claimed another scalp in the consumer electronics industry this morning when Cisco announced it was powering down its Flip video camera business. The market for dedicated digital video recorders has looked precarious even since Apple added video to the iPhone with the launch of the 3GS model in June 2009, just three months after Cisco announced the Flip acquisition. Since then, the ever-improving functionality of the iPhone and Android devices have steadily eroded demand for still cameras, GPS devices and a host of other gadgets. Which ones have you stopped using?
In a remarkably candid memo to employees, Cisco chief John Chambers admitted that the networking giant had been slow to make decisions, fallen down on execution, lacked discipline in an aggressive expansion and will need to change to restore its credibility. He warned staff to prepare for a number of unspecified changes in the next few weeks and coming fiscal year, starting in August.
from Summit Notebook:
You can just hear the University of Phoenix licking its chops right now.
Cisco expects to have its home TelePresence system -- a living room version of what you have seen in those quirky Ellen Page commercials (see below) -- by the holiday season at around $500 (plus some kind of monthly service fee), Cisco Executive Vice President Rob Lloyd said on Thursday at the Reuters Global Technology Summit. He and some other Cisco employees are about to start a round of internal testing.