As quickly as CEO Dan Hesse got his company into trouble he was able to get them out of it as well.  Apparently, a misquote/misunderstanding of Hesse during an investor’s meeting led for many blogs to conclude that Sprint has been throttling the top 1% of data users, thereby misleading customers with its unlimited data more »

According to a recent Reuters report, Verizon CEO Lowell McAdam has cancelled his CES 2012 keynote panel appearance. At this time there is not much else coming from Verizon in terms of information. So far the reason behind the cancellation is noted as being as result of a “schedule change” and according to Verizon spokesperson more »

It has just been revealed that Steve Jobs is resigning from his position as CEO at Apple. Jobs will remain at Apple as chairman of the board and recommended he be replaced by Apple chief operating officer Tim Cook. The change in power has been made official today.

While executives may call it a streamlining, 2000 RIM employees will check in today to find they’ve been streamlined right out of a job. The move comes as part of a plan aimed at optimizing costs for the company after a disappointing earnings call in June. I suspect the employees will not find relief in more »

Philips is dramatically scaling back its television division. Thanks to falling television prices and overall poor performance, Philips will turn over 70 percent of its television business to TPV Technology. TPV Technology is a manufacturer based out of Hong Kong. Philips will continue to own the remaining 30 percent and will collect 50 million euros ($72 million) in royalties every year starting in 2013.

RIM and it’s BlackBerrys don’t exactly have the mind share they once had, or at least not positive mind share. That should be no real surprise to anyone. Also of no big surprise is the fact that co-CEO Mike Lazaridis isn’t exactly happy with how the company is being viewed. In an interview the co-CEO more »

We’ve received another confirmation of the mythical Verizon iPhone by way of Fortune today. Fortune contributing writer Sarah Ellison reports that the Verizon iPhone will come in 2011. That’s 3 major publications now, WSJ, NYT and now Fortune all going on record saying the unicorn that is the Verizon iPhone is real. Is it time more »

After launching Netflix in Canada, Netflix CEO Reed Hastings joked about how Americans won’t notice that Canadians are getting a reduced price for streaming-only service. Now he’s apologizing, and claiming that the company is looking into the same thign for Americans. In a Netflix blog post Hastings apologized for his comment, which he says was more »

Lawrence J. Ellison, CEO of Oracle and close friend of Mark Hurd, recently emailed his opinion on the HP situation to the New York Times in which he condemned the forced resignation of the long-time HP CEO. Despite the accusations of sexual harassment of a female contractor being false, Hurd was found guilty of tampering more »

Over the past three months, Nokia’s stock has plummeted by 40% and Nokia has failed to show it can compete with the top smartphone manufacturers – Apple and RIM. Nokia is quickly falling behind manufacturers who are using Google Android such as HTC and Motorola. In an effort to regain investor confidence and make a more »