The official price of Palm’s new Pixi smartphone is $99.95, but Wal-Mart is now offering the handset for $24.99 with a two-year contract, as is Amazon. That’s a 75 percent price cut. Staggering, considering the Pixi arrived at market just four days ago.
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For Oracle, whose acquisition of Peoplesoft and Siebel Systems cleared in Europe without conditions, news that the European Commission issued formal objections to its purchase of Sun was likely particularly galling. According to Oracle CEO Larry Ellison, Sun is already losing $100 million a month as it waits for regulatory approval, and judging from the price of the company’s stock today, it may be losing even more.
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Given the havoc the econalypse has played with other industries, the smart-phone market is in extraordinarily good shape. Shipments of the devices rose 4.2 percent to 43.3 million globally compared with 41.5 million shipped in third quarter of 2008.
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Beginning Nov. 15, Verizon subscribers looking to get out of their smart-phone contracts early will pay $350 for the privilege. That early-termination fee is double the current one, but Verizon insists it’s justified because of the higher prices of today’s phones. An interesting move for a carrier that just last year agreed to pay $21 million to settle a class-action lawsuit filed by California consumers over the very early-termination fees it is now increasing.
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Looks like there may be a bit of truth to reports that Cisco would rather bail on its proposed acquisition of Tandberg than raise its bid for the videoconferencing equipment manufacturer. Remarking today on speculation that Cisco would do just that, Ned Hooper, the company’s chief strategy officer, stressed that Cisco “will always act with fiscal prudence” as it pursues Tandberg.
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Apple’s iPhone finally arrived at market in China today and is evidently selling fairly well, despite wallet-emptying prices. ChinaNews.com found about 300 people queued up to buy the device at China Unicom’s flagship store in Beijing.
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The Pixi, Palm’s second webOS-powered smart phone, finally has a price and a U.S. street date. This morning, Sprint said the device will arrive at market Nov. 15. Price: $99.99 with a two-year contract and after $150 in rebates. Not the most aggressive of prices considering that Amazon is currently offering the Pre, Pixi’s elder sibling, for $99 with two-year contract as well.
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The Apple store went offline Tuesday morning and when it returned, it did so with a groaning board of new hardware, including a range of aluminum and edge-to-edge glass iMacs, new Mac Minis, a 13-inch unibody polycarbonate MacBook and a wireless, multitouch “Magic Mouse.”
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Well, this is a first. Sonos, the company responsible for the wireless multiroom audio system of the same name, is today debuting a new piece of hardware designed for an iPhone app, rather than the other way around.
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Should Google be able to offer voice services unfettered by regulations that apply to broadband carriers simply because Google Voice is a free Internet application? AT&T certainly doesn’t think so, and it seems at least a few Congressional representatives agree.
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Though its shares are up more than 900 percent since January, Palm remains a “show me” story. So says Susquehanna Financial analyst Jeffrey Fidicaro, who seems to think the Street is putting a bit too much faith in the company’s next-generation platform, webOS, and the devices that run on it.
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