Verizon

Chris Nuttall

Verizon is turning to machines as a source of new subscriber growth, in a joint venture with wireless chipmaker Qualcomm.

The great thing about machines is they won’t churn, said Steve Pazol, head of the new company at a press-conference launch today. He cited the example of a John Deere tractor sitting in a field having no interest in switching to a cheaper family plan with another carrier. 

  • The US Federal Trade Commission is looking into the close ties between the boards of Apple and Google, according to the New York Times. The regulators are looking at whether the fact that Apple and Google share two directors, Google chief executive Eric Schmidt and former Genentech chief executive Arthur Levinson, while also competing in several areas, falls foul of anti-trust laws, the New York Times said.
  • Amazon is on Wednesday expected to announce a large-format device similar to the Kindle that is optimised for reading textbooks, newspapers and magazines. Amazon has taken the lead in the rapidly emerging market for e-book readers with its Kindle and Kindle 2.

 

  • Sun Microsystems, which last week agreed to be purchased by Oracle for $7.4bn, reported sharp losses in the opening months of this year, highlighting the impact of the recession on the computer systems company. In a departure from protocol, Sun did not host the usual conference call with investors and analysts following results.
  • IBM responded to the collapse of its own takeover offer for Sun this month with an announcement that it would return more cash to its shareholders instead in the form of a higher dividend and increased stock buy-back plan.