Matthew Thornton News
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HTC Corp. is being shut out of the introduction of Microsoft Corp.’s next Windows software, people with knowledge of the matter said, cutting off another source of revenue after HTC reduced its second-quarter sales forecast by 13 percent. The shares fell to the lowest in two years.
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HTC Corp. is being shut out of the introduction of Microsoft Corp.’s next Windows software, people with knowledge of the matter said, cutting off another source of revenue after HTC reduced its second-quarter sales forecast by 13 percent.
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HTC Corp. cut its sales and profitability forecast after demand in Europe fell short of the Taiwanese smartphone maker’s own projections and a patent dispute with Apple Inc. led to a delay in U.S. shipments.
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Nokia Oyj is seeking to revive its U.S. business with a smartphone release this weekend that may determine the company’s future. Initial sales will probably trail competitors’ recent debuts, hurting the company’s chances.
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Nokia Siemens Networks is seeking to renegotiate its $1.2 billion purchase of wireless network assets from Motorola Solutions Inc., according to two people close to the situation.
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Sprint Nextel Corp. will offer Apple Inc.’s iPhone next month with unlimited data service plans to distinguish itself from rivals AT&T Inc. and Verizon Wireless, according to people familiar with the matter.
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Palm Inc., creator of the Pre smartphone, is unlikely to find a buyer at its current stock price, said analysts from UBS AG and Morgan Keegan & Co. The shares dropped 12 percent.
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Jim Balsillie and Mike Lazaridis, Research In Motion Ltd.’s largest shareholders and co-chief executive officers, have lost their status as billionaires from the stock this year as it has shed more than half its value.
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