Ray Davies was not talking about personal technology when he sang: “It’s a mixed up, muddled up, shook up world,” in the Kinks hit. But he might as well have been
Dell is going into smartphones, Google is getting into operating systems and Nokia, the world’s biggest mobile phone manufacturer, has launched a classy netbook, the Booklet 3G. This is, in fact, a re-entry into the PC market for Nokia. In the 1980s the Finnish company produced a range of desktops called MikroMikko, but left the PC market when it sold the Nokia Data business to Britain’s ICL in 1991. Read more
Carl Icahn , the billionaire activist investor, is upping his stake in another troubled company – revealing on Thursday in a regulatory filing that he holds more than 9m shares in the video game publisher Take-Two .
Wedbush Morgan analysts speculated today that Mr Icahn taking an 11.3 per cent stake in a company he has long held an interest in could be an attempt to force a sale. Mr Icahn “acquired the shares in the belief that the shares were undervalued,” says the filing, and he may “seek to have conversations” with management. Read more