Yahoo's board emerged largely unscathed from the company's annual meeting as a subdued crowd of shareholders raised few questions about the directors' rejection of Microsoft's €30.4 billion (US$47.5 billion) takeover bid, an Associated Press report said. The report further said some shareholders expressed displeasure by opposing the re-election of Yahoo's current directors, but the resistance wasn't as intense as last year, when three directors were rejected by more than 30% of the vote. More here.
2. Verizon strike averted for now
Verizon Communications and the Communications Workers of America and International Brotherhood of Electrical Workers unions agreed to extend negotiations just after midnight Saturday, and the unions agreed to postpone a strike. The CWA, which represents about 50,000 of the 65,000 workers affected, issued a statement saying that progress has been made on issues such as job security and ongoing funding of health care coverage for active and retired workers, but also that further discussion was need to work toward a contract settlement. Verizon also issued a statement saying it continues "to negotiate in good faith to achieve new contracts for our employees." More here.
3. MobiTV passes 4 million subscriber mark
Mobile broadcast service provider MobiTV announced that its managed mobile television and radio network now tops more than 4 million subscribers. The milestone follows 10 months after MobiTV passed the 3 million benchmark--the firm first launched service in late 2003, and now boasts more than 50 channels, availability across over 350 devices and partnerships with more than a dozen operators, including AT&T, Sprint and Alltel.
"We see MobiTV as a continuation of the home viewing experience. Because it's on a mobile device, when there is something important going on and you're away from home, [mobile TV] is the natural place to go. We're very big believers in streaming live video, and we believe it's critical to building usage habits, but it's only part of the whole system" said MobiTV chairman and CEO Charlie Nooney. More here.
4. Sanjay Jha named CEO of Motorola Devices
After months of speculation, Motorola has named Sanjay Jha CEO of its ailing mobile devices division. Jha will also be co-CEO of Motorola, sharing the responsibility with Greg Brown. Jha, a well-known wireless industry executive, was considered a rising star at Qualcomm where he was the firm's COO. He joined Qualcomm in 1994. Len Lauer, Qualcomm's executive vice president and group president, will replace Jha as COO. More here.
5. Qualcomm working on Android platform
Qualcomm confirmed that it is working on a mobile phone platform that will be based on the Android operating system. During an analyst conference in San Diego last week, Qualcomm executives said that the company anticipates a large number of Android phones will run on Qualcomm platforms. Qualcomm is a member of the Open Handset Alliance, which promotes the Android platform. In addition, Qualcomm and several other manufacturers exhibited Android-based prototypes or proof-of-concept devices at the annual Mobile World Congress industry conference in Barcelona last February. More here.
6. Rumor: Apple to launch iPhone Nano
Apple is poised to launch a nano-like edition of the iPhone, according to The Daily Mail. Citing an unnamed source who said the nano device will boast a scroll-wheel on the back and a display screen on the front, the newspaper said the phone will hit retail in advance of the Christmas holidays, with Apple's exclusive U.K. partner O2 targeting pay-as-you-go subscribers unwilling to pony up the iPhone 3G's retail price. But rival British pub The Guardian scoffs at the report, suggesting it is nothing more than a PR stunt engineered by O2. Time will tell. More here.
Thank you very much,
RamP!
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