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When Hewlett-Packard Co. (NYSE:HPQ) acquired Electronic Data Systems Corp. for $13.9 billion last year, it inherited an existing relationship with Research In Motion Ltd. (NASDAQ:RIMM). You see, prior to the August 2008 deal, EDS managed through its mobile workplace services business the BlackBerry accounts of about 500,000 spartphone users. On...
Posted on May 4, 2009 4:09 PM
It's payday for Obopay Inc. The world's largest cell-phone maker, Nokia Corp. (NYSE:NOK), is making a significant investment in Obopay, a mobile service provider that basically turns a cell phone into an interactive banking card. The Nokia investment is reportedly around $70 million.One report noted Obopay had previously raised $69...
Posted on March 25, 2009 10:15 AM
There was an intriguing tidbit in the upbeat results that BlackBerry maker Research In Motion Ltd. reported Wednesday: In the fiscal quarter just ended (which saw revenue surge 102% above the same period a year ago), the company also spent $310 million acquiring intangible assets. What did they buy? No...
Posted on April 3, 2008 4:36 PM
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