Don’t think that smart makers are sailing smooth just looking at Apple iPhone or BlackBerry Storm success that make you think it’s a great time for cell phone makers.
You may gather some about credit crunch impacts, with the announcement that tells about the expectation of Mobile maker Palm in which the company says that it is expecting to post the last quarter between $180-191m. Just three months back, the company posted its profit figures as $367m.
It wasn’t less than a surprise for mobile industry when Sony CEO Sir Howard Stringer stated that the company is considering splitting with the partner Ericsson.
In the late ‘90s, both these companies enjoyed moderate success as two different handset makers, but in a joint venture they established a decent business that got enough popularity especially in Europe.
However, in recent times, the company was forced to lower profit expectations apparently promoting a change from the Japanese half.
In an interview with a German newspaper Stringer told that “No doubt, it’s a difficult year but it’s never an easy thing to buyout a partner.” …read the rest of this entry»
East Africa is largest populated coastline in the world that doesn’t have fibre optic connectivity. However, it is expected that it will be hooked up properly by the end of October.
It will cost around £322 million to lay the 9,300 miles long cable and connect it to the international grid in India and France. For that project most of the money has been provided by the African investors. …read the rest of this entry»