Poynt Files for Bankruptcy
Poynt Corporation today filed for bankruptcy and insolvency protection with the Court of Queen's Bench of Alberta, Canada. In a statement posted to its web site, Poynt explained, "The Company is not currently in a position to meet the obligations owing to its secured and unsecured creditors and as such, has taken this action under the BIA as the most expeditious and economical manner of addressing the interests of its creditors and allowing it to carry on its operations." Poynt will seek ways to reimburse its creditors while under bankruptcy protection. Poynt provided location-based smartphone applications to devices running the Android, iOS, Windows Phone, and BlackBerry platforms.
Turing Robotic Industries Declares Bankruptcy
Turing Robotic Industries, a company that promised to create a sleek, secure smartphone nearly three years ago, has moved into insolvency. TRI was located in Finland and formed by some ex-Nokia employees.
Apple, AT&T Seek to Block RadioShack's Sale of Customer Data
Apple and AT&T have filed legal objections to RadioShack's planned sale of customer data. RadioShack sold products from both AT&T and Apple and originally agreed to keep customer data private.
BlackBerry Sues Nokia Over Patents
BlackBerry filed a patent infringement lawsuit against Nokia this week. BlackBerry claims Nokia is using its patented technology in select telecommunications equipment that Nokia sells to network operators, such as T-Mobile, without the proper licenses.
Rdio Will Shutdown December 22
Rdio, which is in the process of being acquired by Pandora, will go offline worldwide on December 22. The company said it looks forward to adding its unique features to Pandora down the road.
Now it Makes Sense..