Another round of sales of Xiaomi’s Redmi 1S smartphone will begin on Flipkart at 2PM today. It would be interesting to see whether the latest batch of Redmi 1S units are sold out in seconds, considering last week's sale of about 90,000 units took little over a minute to sell out. Around 300,000 customers had participated in the sale. Xiaomi India's Manu Jain had earlier suggested that it could be because of Diwali festivities. More →
Research In Motion is currently weighing every single option it can think of in an effort to reverse a negative trend that is approaching a boiling point for investors. Reports that RIM is currently in talks to license its software to other vendors are accurate according to our trusted sources, though we have been told that RIM is most likely leaning toward an outright sale of one or more divisions, or even the whole company. The front runner, we have been told by a trusted source with knowledge of the situation, is Samsung, which might be interested in RIM for a number of reasons.
Rumors again surfaced on Wednesday suggesting that Nokia plans to sell its smartphone business to Microsoft. Danske Bank, Denmark’s largest bank, issued a report to clients Wednesday morning that said Nokia will sell its smartphone division to Microsoft during the first half of 2012. Danske raised its rating on Nokia stock to Buy from Hold, and shares rose more than 3% on the news. Similar rumors first surfaced in May when an industry insider said Nokia and Microsoft were about to enter negotiations for a deal that could close before the end of 2011. Nokia immediately denied the rumor, though subsequent reports indicated that the two companies had in fact entered into discussions. ”We put these rumors to rest a long time ago,” a Nokia spokesperson said in response to Danske Bank’s new report.
HP is reportedly holding a meeting Tuesday night during which it may decide the fate of its webOS mobile platform, The Verge reported on Tuesday. The meeting will take place after the market closes and will be led by CEO Meg Whitman at 4:30 p.m. PST. According to Reuters, HP has been toying with the idea of selling the unit and possible suitors include Amazon, Intel, Oracle, Research In Motion and IBM. The potential sale will likely fetch far less than the $1.2 billion that HP paid to acquire Palm in 2010. HP originally said it was killing off webOS hardware in August, and recent reports have suggested HP will soon put the final nail in the webOS coffin and subsequently lay off 500 webOS employees. More →
Following recent rumblings surrounding discontent atop Yahoo’s executive chain, the struggling Internet company fired its CEO Carol Bartz. In the same stroke, Yahoo! also revealed that it is for sale. News broke Tuesday night that former chief executive Carol Bartz sent an email to the entire Yahoo organization. In her brief note, she stated that Yahoo’s chairman of the board had fired her — over the phone, no less. Yahoo confirmed the news, stating that Chief Financial Officer Tim Morse would step in as interim CEO while the company searches for a new chief. Following the news, a Yahoo employee speaking with The Wall Street Journal also confirmed that the company would be open to selling itself. “Yahoo is open to selling itself to the right bidder,” the Journal wrote. No additional details were provided. Carol Bartz’s full email to Yahoo staff follows below. More →
While Michael Dell laughs it up on Twitter, a new report suggests that Samsung could be preparing to purchase Hewlett-Packard’s PC business, which the company revealed it may soon spin off. According to a new report from DigiTimes, Samsung may be eyeing a purchase of HP’s PC division, which would catapult the South Korea-based electronics giant past Dell and into the No. 1 PC vendor spot globally. The report states that Samsung is currently meeting with various leading manufacturers including Quanta and Compal to investigate outsourcing the production of its own netbook computers. Samsung has held similar meetings in the past to no avail, but anonymous source tell DigiTimes that the company may be particularly motivated this time around as it negotiates a deal to take over HP’s PC business and free up space to build the machines in its own factories. HP announced last week that it may spin off its PC business, but a sale is also possible according to this new report, which suggests that HP’s announcement was “testing the market’s reaction” as the company weighs its options. More →