Posted 13 Mar 2008 — by admin
Category News
Apple Inc. was sued Wednesday over allegations its iTunes online music store and iPod music players are illegally using a patented method for distributing digital media over the Internet.
Atlanta-based ZapMedia Services Inc. sued Apple in U.S. District Court for the Eastern District of Texas, accusing the Cupertino-based company of violating two ZapMedia patents.
ZapMedia wants royalties on Apple’s sales of iPods and iTunes music, which reached nearly $11 billion last year. The success of iTunes has helped make Apple the No. 2 music retailer in the U.S. behind Wal-Mart Stores Inc., according to market researcher NPD Group.
The patents in question cover a way of sending music and other digital content from servers to multiple media players, a broad description that could also apply to a wide swath of other companies selling digital media and the devices to play it READ MORE
Posted 12 Mar 2008 — by admin
Category Motorola
CEO Greg Brown said last week he was conducting a formal executive search for the company’s mobile division to replace Stu Reed, who would remain at the company. Yesterday, Reed’s tenure abruptly ended when Motorola announced he was leaving the company April 4. Today, we learn of the big news-Reed’s parting gift.
Motorola will pay Reed a lump sum of $1.5 million after agreeing to release the company from all legal claims arising out of his employment. Following that, he will continue to receive his regular salary for that rest of the year, for a total amount of $445,479. The total is nearly $2 million, and that’s before you take into account his incentive plan and stock rewards that he will continue to be eligible for in 2008, as outlined in a public document filed today with the SEC.
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Posted 14 Feb 2008 — by admin
Category News
Raelyn Campbell is angry at Best Buy and the Geek Squad for losing her laptop
