Apple officially announced the 3G iPhone on Monday at Apple’s Worldwide Developers Conference Keynote. The iphone is 3G capable which is 2.8 times faster than EDGE.
In the 2G iPhone users cannot browse the internet when they make a call but in the 3G version users can browse the internet and make a call at the same time. The 3G version would have built in GPS. It has a better battery life – 300 hours of standby, Talk-time 10 hours (as opposed to 5) on 2G networks, 5 hours of 3G talk-time (competition is 3 hour 3G talk time), 5 to 6 hours of high-speed browsing, 7 hours of video, 24 hours of audio.
The iPhone 3G will be available on July 11th in 22 countries for $199 for 8 GB and $299 for 16 GB. The 16 GB model also comes in white.
Yahoo let Microsoft’s deadline for a response to its $40 billion-plus offer for the Sunnyvale Internet company pass without a word on Saturday, putting the ball back in Microsoft’s court.
Now, the stage is set for what could be a dramatic week.
Most analysts expect Microsoft to take its offer directly to shareholders at Yahoo’s annual meeting by proposing its own slate of directors for Yahoo’s board and letting stock owners decide then whether they want to accept Microsoft’s offer.
But there are other possibilities: Microsoft could withdraw its offer, at least for the time being, figuring it could always come back at Yahoo later. Or it could extend the deadline hoping to still hammer out a deal. And finally, Yahoo could announce it has a deal with another partner.
“We’ll see what next week brings,” Microsoft Chief Financial Officer Christopher Lidell said Friday.
If there’s no move from Yahoo, Lidell said, the company can either go directly to Yahoo shareholders or “walk away.”
The passing of the deadline prolongs a standoff that began Feb. 1 with Microsoft’s offer of $44.6 billion, or $31 a share, and Yahoo insisting it was worth far more. But the value of the half-cash, half-stock deal has actually fallen since it was first announced, as shares of both companies have declined. Yahoo shares closed Friday at $26.80; Microsoft’s at $29.83, down from $30.50 the day the deal was announced.
Yahoo has been scrambling without much success to find alternatives to a Microsoft deal, after postponing its annual meeting to give itself more time to weigh its options.
It has not set a date for the annual meeting and has until mid-July to hold one under the law in Delaware, where the company is incorporated. The deadline for nominating outside directors is now an unspecified date sometime later this year but before the meeting.
At this point, the issue is largely price. Yahoo is holding out for considerably more, and Microsoft has been holding firm at $31 a share.
Industry observers expect a deal to be struck, possibly for as much as $34 a share, but it’s possible that the issue won’t be resolved until the summer and Yahoo’s annual meeting.
Bernstein Research analyst Jeffrey Lindsay predicted in a note Friday that the acquisition would be over before the end of July at a “slightly improved price.”
“It will be a good, old-fashioned proxy fight,” Lindsay said in an interview, using the term for a battle for control of a corporate board. “At any time up to then, Yahoo can throw in the towel and negotiate.”
Microsoft has been growing impatient. The company’s chief executive, Steve Ballmer, complained in a letter to Yahoo’s board April 5 that despite “some limited interaction” between the companies, “there has been no meaningful negotiation to conclude an agreement.”
And Lidell said Thursday that Yahoo appeared to have “unrealistic expectations of value.”
As the next step, Microsoft would file to nominate its slate of directors. Yahoo will accept nominations up to 10 days after it announces its next annual meeting.
Yahoo spent weeks after Microsoft’s offer trying to come up with alternatives to the deal with Microsoft. Though its board and top executives explored possible deals with Google, America Online and Time Warner and News Corp., little concrete came of it. Yahoo did announce a test in which Google would handle Yahoo’s search advertising on a limited basis, but otherwise no other options have panned out.
Meanwhile, many Yahoo shareholders favored a sale at $31 or more.
Each company has been showing signs of age as the newer, nimbler Google dominates the lucrative business for Internet search advertising and begins to move into the area where Yahoo is strong: Internet display ads.
After years in denial, insiders say, Microsoft realized it had to catch up with Google before Google became the next Microsoft — so entrenched that no competitor could dislodge it.
The Internet advertising market “is increasingly dominated by one player,” Ballmer observed when he announced the offer for Yahoo on Feb. 1.
Both companies have been overtaken by Google, which had a better way of reaping revenue from ads placed on its search results pages. It rapidly outstripped Yahoo in online search advertising.
Yahoo has slumped badly in the past couple years. The day before Microsoft announced its offer, Yahoo closed at $19.18 a share — half what it sold for two years earlier.
Microsoft has projected $1 billion in cost savings from combining the companies’ two Internet operations. Analyst Sandeep Aggarwal of Collins Stewart in San Francisco, assigning a 90 percent probability that Microsoft will acquire Yahoo, said he thinks Microsoft will absorb “a large portion” of Yahoo’s employees.
In any case, such a deal would remove a storied corporate headquarters from Silicon Valley and end an entrepreneurial saga that began in 1994 when two Stanford University graduate students created the search and Web directory technology that made Yahoo an Internet giant.
The students, Jerry Yang and David Filo, soon were attracting hundreds of thousands of visitors. They incorporated the following year and began charging for advertising on Yahoo’s Web site.
Software giant, Microsoft Corp., is not planning to launch a device to compete with Apple’s iPhone, according to the company’s Chairman and co-founder, Bill Gates.
“No, we won’t do that,” Gates said in an interview with Germany’s Frankfurter Allgemeine Zeitung yesterday. “In the so-called smart phone business we will concentrate solely on software with our Windows Mobile Program.”
“We have partnerships with a lot of device manufacturers from Samsung to Motorola and this variety brings us significantly more than if we would make our own mobile phone,” Gates explained.
Apple, which is one of Microsoft’s main competitors in the computer software market, launched its long-anticipated iPhone handset in the U.S. last June. The high-end music- and web-enabled cell phone was a big hit in America and parts of Europe this holiday shopping season.
Forget the solar bags that only charge your phone, handheld or laptop a bit, because Voltaic launches a bag that can charge your laptop in just one day, if the bag is kept in sunlight. Unfortunately, it still isn’t really useful, because one day it’s quite long to charge your laptop and this if you can keep it into sunlight.
The solar bag can produce 14.7 watts from one solar panel in one sunny day and it also comes with adapters, so you can charge your USB devices, phones and also it includes a battery.
It’s other bad part is the price of $599, that doesn’t really seem to make it affordable, because you would probably better buy more batteries and don’t need to wait that much to use your laptop again. But this is good if you don’t want to carry many batteries with you and you need to stay away from electricity for at least a few days.
Of course the 3G iPhone is coming, that’s clearly in the evolution plan. As Jobs said himself, it’s only a matter of time until improved batteries allow for it. Still, when AT&T’s CEO Randall Stephenson says, “You’ll have it next year,” well, our ears tend to perk up. The remark was made at a meeting of the Churchill Club in Santa Clara. He didn’t say how much it could cost admitting that Jobs and Apple “will dictate what the price of the phone is.” However, it wouldn’t surprise us if fits back into the $599 slot vacated by the 8GB iPhone while toting a full 16GB of flash like the iPod touch.
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Japan’s DoCoMo and Aquafairy have jointly announced that they will develop a water based micro fuel cell for mobile phones. This agreement follows their successful development of a polymer electrolyte fuel cell (PEFC) that has proven effective in a prototype recharger.
The fuel cell is the smallest in the world with power output of 2 watts. The recharger combines DoCoMo’s recharger technology with Aquafairy’s thin film power unit technology and catalyst for producing hydrogen from water. The simple hydrogen-producing mechanism and power units make the recharger less than one-fourth the size and more than twice as powerful as the methanol fuel cell prototype that DoCoMo unveiled on July 6, 2005.
The easily portable recharger can charge a handset several times, and the recharging time is approximately the same as an AC adapter.
Demands for power consumption have risen with new 3G services and features. To meet these demands, DoCoMo has worked on increasing the capacity of lithium-ion batteries, the most common battery in handsets today, and developed a direct methanol fuel cell recharger. Now, the company is also exploring the possibilities of PEFCs, which have higher power density than methanol cells and less environmental impact since they convert water into hydrogen.
Microsoft has finally announced the Xbox 360 Arcade and it will go on sale October 23 for $279. XBox 360 Arcade comes with a 256MB Memory Unit, a wireless controller, HDMI port, and a disc that includes five full Xbox Live Arcade trial games: Boom Boom Rocket, Feeding Frenzy, Luxor 2, Pac-Man Championship, and Uno.