Showing posts with label Verizon. Show all posts
Showing posts with label Verizon. Show all posts
Monday, July 25, 2016
Verizon to acquire Yahoo core assets for $4.8 billion
Verizon will soon be announcing its acquisition of Yahoo’s core assets for a mere $4.8 billion, a sad amount that the iconic company, once valued at $125 billion, is happy to settle for.
The sale only covers Yahoo’s core assets, which means the company will retain its stake in Alibaba and Yahoo Japan Corp., which is still estimated by Bloomberg to be worth $40 billion, reports Gizmodo.
Yahoo has a had a long history of missed opportunities that may have contributed to its current predicament. Back in 1997, it turned down the chance to buy Google, now valued at $530 billion, for a mere $1 billion and again in 2002.
It also passed up on buying Facebook for yet another $1 billion back in 2006. Facebook is now valued at $350 billion.
Current CEO Marissa Mayer, who took seat in 2012, was also unable to stop the corrosion that had eaten away at the company. During her time, Yahoo acquired 53 different companies of which 41 were eventually shut down.
Mayer is now expected to resign but is said to be taking home a very hefty severance pay of $57 million. Alfred Bayle
source: technology.inquirer.net
Saturday, April 5, 2014
Samsung adding anti-theft solutions to smartphones
SAN FRANCISCO – Samsung Electronics will add two safeguards to its latest smartphone in an effort to deter rampant theft of the mobile devices, the company said Friday.
The world’s largest mobile-phone maker said users will be able to activate for free its “Find My Mobile” and “Reactivation Lock” anti-theft features to protect the soon-to-be-released Galaxy 5 S.
The features that will lock the phone if there’s an unauthorized attempt to reset it will be on models sold by wireless carriers Verizon and U.S. Cellular. The phones go on sale next week.
“Samsung takes the issue of smartphone theft very seriously, and we are continuing to enhance our security and anti-theft solutions,” the company said in a statement.
The announcement comes as San Francisco District Attorney George Gascon, New York Attorney General Eric Schneiderman and other U.S. law enforcement officials demand that manufacturers create kill switches to combat surging smartphone theft across America.
Earlier this week, California legislators introduced a bill that, if passed, would require mobile devices sold in or shipped in the state be equipped with the anti-theft devices starting next year — a move that could be the first of its kind in the United States. Similar legislation is being considered in New York, Illinois, Minnesota, and bills have been introduced in both houses of Congress.
In July, Samsung officials told Gascon’s office that the major carriers were resisting using kill switches. However, Gascon and Schneiderman said in a joint statement Friday that Samsung’s latest move sends a strong message that the wireless industry can work together to make consumers safe. The prosecutors have given the manufacturers a June deadline to find solutions to curb smartphone theft.
“More work needs to be done to ensure that these solutions come standard on every device, but these companies have done the right thing by responding to our call for action,” the prosecutors said. “No family should lose a mother, a father, a son or a daughter for their phone.
Manufacturers and carriers need to put public safety before corporate profits and stop this violent epidemic, which has put millions of smartphone users at risk.”
Apple created a similar “activation lock” feature for the popular iPhone last year.
Almost one in three U.S. robberies involve phone theft, according to the Federal Communications Commission. Lost and stolen mobile devices — mostly smartphones — cost consumers more than $30 billion in 2012, the agency said in a study.
CTIA-The Wireless Association, a trade group for wireless providers, has said a permanent kill switch has serious risks, including potential vulnerability to hackers who could disable mobile devices and lock out not only individuals’ phones but also phones used by entities such as the Department of Defense, Homeland Security and law enforcement.
source: technology.inquirer.net
Subscribe to:
Posts (Atom)


