Nokia has delayed the launch of a large-screen "phablet" device, originally planned for late September, following a deal to sell its handset business and license patents to Microsoft, a source said.
Showing posts with label MICROSOFT. Show all posts
Showing posts with label MICROSOFT. Show all posts
Tuesday, 17 September 2013
Saturday, 14 September 2013
Microsoft starts iPad buyback to boost Surface sales
LONDON: American multinational corporationMicrosoft has launched a US marketing offer that will let people exchange 'gently used' iPads for Microsoft products such as Surface tablets.
According to the BBC, the company is offering at least a 200-dollar token to go towards products such as the Surface RT and the Surface Pro.
Microsoft is far behind Apple in terms of global tablet sales and market share, the report said.
A Gartner mobile device analyst said that there was a far greater range of mobile apps available for iPads than for Windows devices, giving Apple a competitive edge.
In May, Microsoft launched an iPad v Windows comparison website, coupled with head-to-head advertising campaigns, the report added.
In the first quarter of this year, Apple shipped 19.5 million iPads, compared with 900,000 Microsoft tablets and in the second quarter, Microsoft shipped only 300,000 Surface devices, the report further said.
According to the BBC, the company is offering at least a 200-dollar token to go towards products such as the Surface RT and the Surface Pro.
Microsoft is far behind Apple in terms of global tablet sales and market share, the report said.
A Gartner mobile device analyst said that there was a far greater range of mobile apps available for iPads than for Windows devices, giving Apple a competitive edge.
In May, Microsoft launched an iPad v Windows comparison website, coupled with head-to-head advertising campaigns, the report added.
In the first quarter of this year, Apple shipped 19.5 million iPads, compared with 900,000 Microsoft tablets and in the second quarter, Microsoft shipped only 300,000 Surface devices, the report further said.
Thursday, 12 September 2013
Nokia Lumia 625 review: Bundled goodness
NEW DELHI: Nokia recently launched the Lumia 625 in India, bringing its biggest smartphone to the country. This handset also holds a lot of sentimental value, as it is the last smartphone launched by the Finnish manufacturer before its sale to Microsoft.
The phone matches the specs of key rivals in this segment and does not seem to fall short in most departments, at least on paper, and comes with a host of freebies. Let's see if the sub-Rs 20,000 segment has found a new king, or the Lumia 625 can at best achieve a moderate success in the market. Here's our review to check out the strengths and weaknesses of Lumia 625 and if the phone is worth buying...
The phone matches the specs of key rivals in this segment and does not seem to fall short in most departments, at least on paper, and comes with a host of freebies. Let's see if the sub-Rs 20,000 segment has found a new king, or the Lumia 625 can at best achieve a moderate success in the market. Here's our review to check out the strengths and weaknesses of Lumia 625 and if the phone is worth buying...
NOKIA 625
Monday, 9 September 2013
Bill Gates slams Google's 'internet balloon' project
WELLINGTON: Microsoft chairman Bill Gateshas reportedly slammed Google's broadband through helium balloon project and said that it won't solve more pressing problems of the poor.
Google's Project Loon envisages a ring of balloons circling the globe at about 20 km and transmitting broadband to the 4.7 billion people who don't have it.
However, Gates said that when people are dying of malaria, the helium balloon won't be of much help, Stuff.co.nz reports.
He further said that expanding internet to poor countries won't solve other important and pressing issues adding that Google started out with broad humanitarian aims but then it 'shut it all down'.
The report added him saying that Google is now simply doing its core thing but doing just that will not help uplift the poor.
Google's Project Loon envisages a ring of balloons circling the globe at about 20 km and transmitting broadband to the 4.7 billion people who don't have it.
However, Gates said that when people are dying of malaria, the helium balloon won't be of much help, Stuff.co.nz reports.
He further said that expanding internet to poor countries won't solve other important and pressing issues adding that Google started out with broad humanitarian aims but then it 'shut it all down'.
The report added him saying that Google is now simply doing its core thing but doing just that will not help uplift the poor.
Saturday, 7 September 2013
Nokia to pay off NSN financing from $2 billion Microsoft loan
NEW DELHI: Finnish handset maker Nokia, which is selling its devices and services business to Microsoft, will borrow $1.97 billion from the US software giant to pay off loans taken to acquire the stake held by Siemens in their joint venture NSN.
In connection with the deal, Microsoft had agreed to make 1.5 billion euros of financing available to Nokia in the form of three tranches of $658.77 million convertible bonds.
The mobile phone maker has decided to draw down all the financing and will issue three tranches of senior unsecured convertible bonds, it said in a statement.
"Nokia intends to use the proceeds of the offering to prepay financing raised for the acquisition of the shares in NSN, which was completed in August 2013, and for general corporate purposes," the company said yesterday.
Microsoft last week agreed to acquire a major part of the devices and services business of Nokia and license its patents for about $7.2 billion. Nokia will keep its telecom network equipment arm NSN, mapping and location services (HERE), its CTO office and its patent portfolio.
In July, Nokia agreed to buy German engineering giant Siemens' 50% stake in their mobile broadband joint venture NSN for $2.2 billion. The firm was renamed Nokia Systems and Networks (NSN).
The bonds are expected to be issued on or about September 23, Nokia said. The first tranche matures in five years and has a 1.125% per annum coupon payable semi-annually with an initial conversion price of EUR 3.9338.
The second tranche of 2019 bonds has a 2.5% per annum coupon payable semi-annually and an initial conversion price of EUR 4.0851.
The third tranche matures in seven years and has a 3.625% per annum coupon payable semi-annually with an initial conversion price of EUR 4.2364.
Microsoft has agreed not to sell any of the bonds or convert them to Nokia shares before the sale of the devices and services business is closed, Nokia said. The transaction is expected to close in the first quarter of 2014.
In connection with the deal, Microsoft had agreed to make 1.5 billion euros of financing available to Nokia in the form of three tranches of $658.77 million convertible bonds.
The mobile phone maker has decided to draw down all the financing and will issue three tranches of senior unsecured convertible bonds, it said in a statement.
"Nokia intends to use the proceeds of the offering to prepay financing raised for the acquisition of the shares in NSN, which was completed in August 2013, and for general corporate purposes," the company said yesterday.
Microsoft last week agreed to acquire a major part of the devices and services business of Nokia and license its patents for about $7.2 billion. Nokia will keep its telecom network equipment arm NSN, mapping and location services (HERE), its CTO office and its patent portfolio.
In July, Nokia agreed to buy German engineering giant Siemens' 50% stake in their mobile broadband joint venture NSN for $2.2 billion. The firm was renamed Nokia Systems and Networks (NSN).
The bonds are expected to be issued on or about September 23, Nokia said. The first tranche matures in five years and has a 1.125% per annum coupon payable semi-annually with an initial conversion price of EUR 3.9338.
The second tranche of 2019 bonds has a 2.5% per annum coupon payable semi-annually and an initial conversion price of EUR 4.0851.
The third tranche matures in seven years and has a 3.625% per annum coupon payable semi-annually with an initial conversion price of EUR 4.2364.
Microsoft has agreed not to sell any of the bonds or convert them to Nokia shares before the sale of the devices and services business is closed, Nokia said. The transaction is expected to close in the first quarter of 2014.
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