Some 740 billion text messages were sent in the first half of 2009 in the U.S. This according to the CTIA’s semiannual wireless industry survey, which helpfully breaks down that astonishing figure to an even more astonishing 4.1 billion texts per day. That’s about double the number sent during the same period last year.
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Verizon Wireless is reportedly working with Microsoft to develop a new smart-phone. Plus, layoffs at Nokia and Microsoft’s “societal network.”
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Think of it as Facebook for the people you actually know and like, those whose health and safety you’d worry about in a natural disaster. It’s called Microsoft Vine and it’s not so much a social network as it is a “societal” one–or at least, Redmond likes to bill it as such.
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Apparently, fear of a deepening recession alone isn’t enough to maintain tech worker loyalty these days–mounting job losses be damned. This week, Google repriced millions of employee stock options that had gone underwater as the company’s share price declined. Now eBay hopes to do the same. The reason: employee retention.
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The financial turmoil beating the United States economy into submission has finally begun to beat Google, the Great and Powerful, down as well. Which must come as something of a shock to CEO Eric Schmidt who earlier this month claimed the financial meltdown was unlikely to affect Google.
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Finally, some reassuring news amid all this economic woe. The United States financial system is suffering the worst financial crisis since the Great Depression. The Treasury is planning to buy up to $700 billion in bad debt. But things are looking up for the long-suffering employees of investment bank Lehman Brothers. They’ve got a bonus pool.
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Well, it’s about time. With 48 billion text messages sent every month in the United States and one of every eight American households using only mobile phones for communications, it’s finally occurred to the federal government that a nationwide cellphone alert system might be a good idea.
And so yesterday the Federal Communications Commission announced plans [...]
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Well, the champagne bottles must be popping over at SkyMall today. The gadget vendor’s rival, The Sharper Image (SHRP), filed for Chapter 11 bankruptcy protection late yesterday and announced plans to shutter 90 of its 184 stores as soon as it’s able to sell off their inventories.
Seems increased competition and diminishing margins–not to mention that [...]
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