Hasta La Gadget!

It looks like you can expect to see a lot more of Lenovo in Deutschland. The company is buying German consumer electronics maker Medion — a deal worth up to €629.4 million ($907 million), according to The Wall Street Journal. That makes it the company’s biggest acquisition since it bought IBM’s PC business back in 2004. Lenovo’s end game: to boost its market share in Germany, which happens to be Europe’s largest PC market. All told, it hopes to own 14 percent of the PC category there — roughly double what it commands now — and expects its share of the Western European computer market to hit 7.5 percent. Lenovo’s announcement comes at a time when it seems to have some strong upward momentum — just last week, the company reported that its fourth-quarter profit more than tripled year over year (much to Wall Street’s surprise) and that it generated $21 billion in revenue thanks to growth in every product line and every region where it does business. PR chock full ‘o numbers after the break.

Continue reading Lenovo buying Medion for up to $907 million, expects to double its German PC market share

Lenovo buying Medion for up to $907 million, expects to double its German PC market share originally appeared on Engadget on Wed, 01 Jun 2011 20:39:00 EDT. Please see our terms for use of feeds.

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This article was written on March 15, 2007 by CyberNet.

I think Cisco’s acquisition of WebEx is probably one of the largest in history at a bank-busting $3.2 Billion! In terms of cost, that equates to a lot of steak dinners. Well, if a good steak dinner cost $20 and you lived to be 90 years old that would allow 4,870 people to eat a steak dinner every night of their lives! 🙂

Sorry, when I see big dollar signs like that I go crazy sometimes. I’ve read a few different articles regarding Cisco’s purchase and all of them have a very positive outlook. The consensus seems to be that acquiring WebEx will add a lot more value to the strong name that already represents Cisco.

In 2006, WebEx having 2,200 employees brought in a whopping $380 million with $50 million of that being profit. They have become so popular because it becomes increasingly harder to get large crowds together for a presentation. This way a company is able to share a PowerPoint presentation or even share their computer’s desktop with an audience that can be located around the globe.

People also associate the WebEx name with an easy way to communicate with people. You don’t have to be a genius to get it up and running and everything is easily installed through your web browser…which is convenient for both the presenter and the viewers.

Now this puts Cisco right in focus with Microsoft, who also offers a Live Meeting service so that groups of people can collaborate with each other over an Internet connection. Broadband Internet continues to become more and more popular so remote conferencing is indeed going to be a strong part of our future.

News Source: Cisco [via GigaOm, CNet, and Yahoo]

Copyright © 2011 CyberNetNews.com

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Over the course of the next year, AT&T and its opponents will be in the ring, duking it out in a war of words in attempt to convince the government that a $39 billion takeover of T-Mobile by AT&T should or should not take place. Consumers have the most to win or lose here, yet we are resigned to watching from the sidelines as both sides lob countless facts and stats at each other like volleys in a tennis match.

If you look at the merger process as a stairway to climb up, AT&T is still near the very bottom. Every rung will be full of intense scrutiny as it is: if the two companies are allowed to merge, the national GSM market becomes a monopoly, and the wireless industry as a whole would shift to only three national players plus a handful of less-influential regional carriers. The carrier’s going to blow as much as $6 billion if the merger is not approved — almost enough to buy Skype — it can’t just expect to put up some feel-good facts and stats to win the hearts of the decision-makers.

AT&T has to be absolutely sure it’ll come out victorious in the war, else it risks losing the trust (and money) of its shareholders. But to accomplish such a feat, it has to be on top of its game. There was no better time to show off what it’s made of than last week’s Senate Judiciary Committee hearing conducted by the Subcommittee on Antitrust, Competition Policy and Consumer Rights. When the Committee entitles a hearing “Is Humpty Dumpty Being Put Back Together Again?,” it’s either exercising a sense of humor or a preconceived notion of the merger due to the implication that Ma Bell is simply reforming. CEO Randall Stephenson appeared as a sacrificial lamb, going before Congress and his opponents to explain his side of the story, answer hardball questions, and endure a hard-hitting round of criticism. Continue reading as we take you topic by topic and examine what he — and his opponents — had to say about the merger.

Continue reading The AT&T / T-Mobile senate hearing: deciphering the war of words

The AT&T / T-Mobile senate hearing: deciphering the war of words originally appeared on Engadget on Wed, 18 May 2011 12:00:00 EDT. Please see our terms for use of feeds.

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Yes, this is a rumor, and by golly it strains the limits of credulity, but take note of its source. Firstly, the details: according to Eldar Murtazin, Microsoft and Nokia will enter talks next week to discuss the potential for the American software giant to purchase the Finnish company’s mobile arm, meaning the part that makes all those delectable smartphones. Eldar’s not been able to dig up any further intel, but expects a deal could be closed as early as the end of this year. We’re inclined to believe there’s at least some semblance of truth to Eldar’s words because of his track record. Way back in December of last year, when nobody believed Nokia would deviate from its Symbian strategy, Eldar reported the similarly incredible-sounding news that Microsoft and Nokia were in discussions about the latter using Windows Phone as its main smartphone OS. That turned into reality this February, and more recently, the Russian mobile spy managed to also accurately predict Nokia killing off the Ovi brand in favor of an eponymous naming scheme for its services. And that’s all on top of Eldar’s knack for obtaining Nokia prototypes way ahead of release.

So, assuming for a moment that Microsoft does indeed have its eyes set on turning Nokia’s handset business into its own mobile hardware division, what would it all mean? Well, we can only see this making sense for Espoo if underwritten by a humongous check from Microsoft, but that might not be a problem. The Redmond camp has recently shown its determination to get what it wants by spending $8.5 billion on Skype, and previously offered north of $44 billion for Yahoo, a good deal more than Nokia’s total market cap of around $32 billion. Let’s not forget, Nokia once used to manufacture galoshes and tires, so it already has a history of transformative change. And hey, having an ex-Microsoft guy at the top means that if this kind of move were to ever happen, now might just be the right time for it.

Update: As Reonhato pointed out in comments, Mark Squires, UK Communications Director for Nokia, has already issued an uncharacteristically pointed non-comment. “We typically don’t comment on rumors. But we have to say that Eldar’s rumors are getting obviously less accurate with every passing moment.”

Eldar Murtazin: Microsoft will enter negotiations to buy Nokia’s mobile division next week originally appeared on Engadget on Mon, 16 May 2011 10:44:00 EDT. Please see our terms for use of feeds.

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AT&T has many strategies for trying to convince the US government to let it buy T-Mobile, but the one it emphasized was this — it would attempt to make remaining carriers Verizon, Sprint and even a handful of rural entities look like “intense competition.” Well, it seems that tack hasn’t quite had the impact that the board of directors was hoping for, because it just delivered a gigantic new document to the FCC, which portrays itself as the victim of its own success. AT&T says it had to deliver 8,000 times percent more mobile data in 2010 than it did three years prior — over 10 petabytes per month these days — and foresees that it will deliver that same amount of data “in just the first five to seven weeks of 2015.”

Meanwhile, T-Mobile is the knight in shining magenta armor to save AT&T from those “severe capacity constraints,” but since AT&T can’t let regulators think that T-Mobile’s departure from the arena will result in less competition, Ma Bell simultaneously bashes its prospective conquest for having a “diminished market role” in the telecom industry and “no clear path to deploy LTE” — even as it says that acquiring T-Mobile would result in the means to spread speedy Long Term Evolution across 97.3 percent of the general population. In case you’re keeping track, that’s up from the 95 percent the company last prognosticated. The seeming contradictions here are certainly amusing, but we have to admit the promised giant LTE network tempts us quite a bit. But is it worth building a GSM monopoly to do it? Envision the repercussions for yourself — both good and ill — by studying the following links.

Update: Fixed a few math errors — AT&T processed over 10 petabytes per month (not year) in 2010, and that was 8,000 percent (not times) the amount of mobile data it carried in 2007. For comparison’s sake, the entirety of YouTube was said to have streamed 31 petabytes per month in 2008, and Hulu did 17 petabytes per month over the same time period, according to a Cisco study.

Continue reading AT&T tells FCC just how important T-Mobile is, in 381-page redacted document

AT&T tells FCC just how important T-Mobile is, in 381-page redacted document originally appeared on Engadget on Thu, 21 Apr 2011 21:56:00 EDT. Please see our terms for use of feeds.

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