Thursday, October 15, 2009
AT&T, Google: Nuns on the Run
In the rhetorical battle over net neutrality, Google may have regulatory capitalism with which to bludgeon and batter AT&T, but AT&T has Benedictine nuns, an entire convent of them. In a 13-page letter to the Federal Communications Commission Wednesday, the carrier took issue with Google’s claim that its Google Voice service only blocks calls to adult sex chat lines, asserting that it also blocks calls to small businesses and Benedictine nuns.
Perhaps Palm really does have the “special sauce” needed to attain smart phone leadership, as RBC Capital Markets analyst Mike Abramsky recently claimed. Reporting first-quarter results this afternoon, the company posted a narrower-than-expected loss, said it shipped 823,000 smart phones during the quarter and announced plans for a common stock offering of 16 million shares.
The econalypse has been particularly unkind to Seagate Technology. The hard-drive manufacturer posted a fiscal fourth-quarter loss Tuesday, its third in a row. Weighed down by restructuring charges, Seagate reported a loss of $81 million, or 16 cents a share, compared to net income in the same quarter last year of $160 million, or 32 cents a share.
You’ve got to love the International Federation of the Phonographic Industry–if not for its hopelessly antediluvian moniker, then for its we’re-on-a-mission-from-God attitude toward its criminal case against torrent index The Pirate Bay. Just two days into the trial–apparently the hottest ticket in Stockholm right now–and already, half the charges against the Swedish site have been dropped because of the prosecution’s fundamental misunderstanding of the nature of the torrent-distributed protocol.
