MediaFile

Tech wrap: Yahoo to cut Asian stake

Yahoo is considering a plan to unload most of its prized Asian assets in a complex deal valued at roughly $17 billion, sources familiar with the matter said.

The former Internet powerhouse’s increasing difficulty in competing with heavyweights such as Google and Facebook have forced it to explore proposals to revamp its business.

Weakening economies and falling prices of rival smartphones are hurting sales of Apple iPhones across Europe, data from research firm Kantar Worldpanel ComTech showed on Thursday.

The October roll-out of Apple’s iPhone 4S boosted its position in Britain and United States, but the new phones failed to excite interest in continental Europe, where Apple’s share of the fast-growing smartphone market slipped.

Staying with Apple, a German court rejected the company’s claims that Samsung Electronics’ reworked tablet PC still looks like a copycat version of the iPad, in a preliminary assessment.

And the Grammy goes to — Steve Jobs!

First it was a bronze statue in Hungary. Now it’s a Grammy.

The accolades for the technology icon who died Oct 5 are still pouring in.

While Jobs is not a musician, his influence on the music industry — good or bad — cannot be denied. And for this, the National Academy of Recording Arts and Sciences is giving the co-founder of Apple Inc a Grammy at an invitation-only ceremony on Feb 11.

A formal acknowledgment of his Grammy — part of the 2012 Special Merit Award — will be made during the regular 54th annual Grammy Awards, to be held on Feb 12 at LA’s Staples Center.

“As former CEO and co-founder of Apple, Steve Jobs helped create products and technology that transformed the way we consume music, TV, movies, and books,” the academy said in a statement.  ”A creative visionary, Jobs’ innovations such as the iPod and its counterpart, the online iTunes store, revolutionized the industry and how music was distributed and purchased.”

Tech wrap: D.Telekom may be forced to play with Sprint

Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed.

AT&T said on Monday it had dropped its bid for T-Mobile USA, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives.

The collapse of AT&T’s deal to buy D.Telekom’s U.S. wireless unit may be welcome news for network equipment makers, as money earmarked for the merger will be freed up for investments.

Tech wrap: AT&T, T-Mobile pull plug on mega-merger

AT&T said it had agreed with Deutsche Telekom to drop its $39 billion bid to buy the German company’s U.S. wireless unit amid increasing regulatory obstacles to the planned deal. AT&T said in a statement on Monday that it will enter a roaming agreement with Deutsche Telekom. AT&T’s plan to buy T-Mobile USA, first announced in March, has met with opposition from the U.S. Department of Justice and the Federal Communications Commission.

The upstart wireless company that is being bankrolled by Philip Falcone’s $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company’s financial statement. LightSquared, which registered a $427 million net loss during the first nine months of this year, may not be able to “continue as a going concern” unless it can raise additional capital and financing, the statement reviewed by Reuters said.

Prince Alwaleed bin Talal, the Saudi billionaire and an investor in some of the world’s top companies, has bought a stake in microblogging site Twitter for $300 million, gaining another foothold in the global media industry. The Twitter stake, bought jointly by Alwaleed and his Kingdom Holding Co investment firm, was a secondary market transaction, meaning that Alwaleed and Kingdom bought the Twitter shares from existing shareholders, rather than making a direct investment, according to a person familiar with the matter.

Tech wrap: Apple changes course on iAd

The WSJ.com reports that Apple is softening its approach to its iAd mobile advertising service due to the tepid response as it loses ground to Google in the fast-growing mobile-ad market.

Marketers say they have been turned off by iAd’s high price tag as well as Apple’s hard-charging sales tactics and its stringent control over the creative process which has forced Apple to make some changes.

Facebook is probably not the first place that comes to mind when contemplating new career opportunities.

Tech wrap: HP opens webOS software to others

Hewlett-Packard is keeping webOS, the mobile operating system, but will submit it to developers and companies, potentially taking on Google’s free Android platform that is popular with handset makers.

Hitachi and Sony “have teamed up to supply Apple with 4-inch LCD displays for an unspecified iOS device that will hit the market in 2012,” Apple Insider reports.

Bloomberg reports that “Amazon.com should end its price-checking promotion because it gives consumers an incentive to gather price data from small retailers and leave stores without spending money,” Senator Olympia Snowe said.

SuVolta takes wraps off battery-friendly chip technology

Silicon Valley start-up SuVolta is giving the electronics industry a peek under the hood at its new technology that it claims will drastically boost the energy efficiency of microchips.

That’s something chip designers are focusing more and more on as people increasingly rely on smartphones and tablets that chew up battery charges.

SuVolta says it can halve the amount of power used by chips without affecting their performance, and it is debuting the details of its technology to scientists at the 2011 International Electron Devices Meeting on Wednesday in Washington, DC.

Got an idea but nowhere to pitch it? Try Intel and Facebook

Have you dreamed up the next social media sensation, energy-efficient engine or hot consumer gadget but don’t know where to pitch your idea? If you’re between 18 and 24 years old, log onto Facebook.

Intel and Facebook are teaming up in a new program called Intel Innovators to give young people a forum to debut new ideas and give feedback on other people’s. And $100,000 a month are up for grabs to help turn winning concepts into real start-ups — as long as you’re in the United States.

Through the Intel Innovators platform on Facebook, participants can lay out their business ideas and receive suggestions from fans to help refine and improve their plans.

WebOS: Are we there yet?

It looks like the 600 employees in Hewlett-Packard’s WebOS division will only have to wait a bit longer to know their fate.

New Chief Executive Meg Whitman told French newspaper Le Figaro that she plans to announce her decision on the operating system in the next two weeks.

“This is not an easy decision, because we have a team of 600 people which is in limbo,” she was quoted as saying in French, as per the translation by Google Translate.

Tech wrap: AT&T to be allowed to pull T-Mobile application


The Federal Communications Commission will approve AT&T Inc.’s request to pull its application for approval of its $39 billion deal to acquire T-Mobile USA, the Wall Street Journal reported late Tuesday afternoon.

U.S. computer software company SAS Institute cannot claim copyright protection for the functions performed by its programs, which have been replicated by a rival, an adviser to Europe’s highest court said.

The FRAC Centre in Orléans, France will for the first time host an exhibition to be built entirely by flying robots, reports Gizmag.com. Titled “Flight Assembled Architecture,” the six meter-high tower will be made up of 1,500 prefabricated polystyrene foam modules.