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Nokia Siemens delays Motorola purchase indefinitely

Sales of Microsoft's Kinect top 10 million
Washington (AFP) March 9, 2011 - Microsoft said Wednesday that sales of the gesture-sensing Kinect for the Xbox 360 videogame console had topped 10 million units, making it the fastest-selling consumer electronics device ever. The Seattle, Washington-based US software giant also said it has sold more than 10 million standalone Kinect games worldwide. Microsoft sold an average of 133,333 Kinect units per day between the day of its launch on November 4 and January 3.

"No other consumer electronics device sold faster within a 60-day time span, which is an incredible achievement considering the strength of the sector," said Guinness World Records gaming editor Gaz Deaves, cited by Microsoft. Kinect uses a 3D camera and motion recognition software to let people play videogames on the Xbox 360 using natural body movements and voice commands instead of hand-held controllers. More than 50 million Xbox 360 consoles have been sold worldwide.
by Staff Writers
Helsinki (AFP) March 9, 2011
Finnish-German giant Nokia Siemens Networks (NSN) said Wednesday its purchase of Motorola's wireless network infrastructure assets would be delayed again, with no timeline specified for completion of the deal.

"Nokia Siemens Networks remains committed to the acquisition but will provide no further guidance on when it is likely to be completed," the company said in a statement, adding it was still waiting for approval from Chinese regulatory authorities.

The companies announced on July 19 that NSN would buy most of Motorola's wireless network infrastructure assets for $1.2 billion (926 million euros), bolstering its ranking to world number two in the industry behind Sweden's Ericsson.

When NSN originally announced the deal, it expected it to be completed by the end of 2010 but this was delayed until the end of the first quarter of 2011 as it waited for Chinese anti-trust approval.

In February, NSN's Chinese competitor Huawei won a lawsuit in the United States against Motorola, in which it sought to prevent the transfer of its intellectual property to NSN through the network infrastructure purchase.

Huawei said Motorola was in possession of its intellectual property thanks to a decade-long partnership in the network business.

For its part, Motorola sued Huawei last July, accusing it of illegally obtaining confidential information about its employees.

All other necessary regulatory approvals for the transaction have been obtained.

On December 15, the European Commission gave the green light to the transaction, saying it would "not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it."

The deal has also received the approval of regulators in the United States, Brazil, Japan, Russia, South Africa, Taiwan and Turkey.

The news did not affect Nokia shares, currently at lows last seen in 1998.

At 1030 GMT, Nokia was up 2.56 percent to 6.21 euros, on a Helsinki Stock Exchange up 1.26 percent.




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TECH SPACE
YouTube buys US web television company
San Francisco (AFP) March 7, 2011
YouTube announced Monday that it bought Internet television company Next New Networks to improve content for the Google-owned video-sharing website. The New York City-based startup was launched four years ago and is home to popular networks, such as "Barely Political" and "Indy Mogul," which it billed as the "filmmaking network for the YouTube generation." Next New Networks built a highl ... read more

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