Mike Lazaridis abandons his plans to buy the ailing smartphone maker via a joint bid with a fellow co-founder.
Niklas Zennstrom and Janus Friis sold the company to eBay in 2005 for $2.6 billion. They may be trying to buy it back now for $2 billion, The New York Times reported.
After five years of co-branding with Dish Networks, AT&T has decided that the grass must be greener on the other side.
The New Internet Computer Co. is shipping the second generation of its New Internet Computer. The new Web-surfing appliance updates the original NIC's features and now offers customers a choice of colors. It sells for $199. Last week, the NIC operating system version 2.0 was announced. Larry Ellison, NIC Co.'s chairman and Oracle's CEO, said in a statement that he is pleased with NIC Co.'s performance so far. "While other companies seem to be struggling with their Internet appliances, the NIC Company is seeing better-than-expected sales and customer response because of its low cost, ease-of-use, PC-quality browsing functionality, and ISP independence."
PeoplePC has signed a deal with Bertelsmann to provide 11,000 of the media giant's employees with Internet access at home. Germany's Bertelsmann will provide PeoplePC Online at no cost to employees in the United States and Canada. Bertelsmann is the parent company of BMG Entertainment, which includes RCA, Arista and Ariola. San Francisco-based PeoplePC, which works with companies to provide computers and Net access as a fringe benefit to workers, has signed similar deals with corporations such as Ford Motor, Delta Air Lines, Vivendi Universal and the New York Times Co. PeoplePC's stock faces delisting from Nasdaq.
As expected, Transmeta on Monday launched new Crusoe processors based on 0.13-micron manufacturing process and an updated version of the company's code-morphing software. According to Transmeta, the chips offer up to 50 percent higher performance and 20 percent lower power consumption than its previous chips. The Taiwan Semiconductor Manufacturing Co. will manufacture the new Crusoe TM 5800 and TM 5500 processors, which are available now. The TM 5800 comes in 700MHz, 733MHz, 766MHz and 800MHz versions. The latter sells for $198 each in large volume. The TM 5500 is available at 600MHz, 667MHz and 733MHz. The 667MHz version sells for $85 each in volume. A 1GHz TM 5800 is expected during the first half of 2002. Advanced Semiconductor Engineering will package and test the new chips.