Nortel Files for Bankruptcy
Canadian telecommunications company Nortel has filed for bankruptcy protection in both the U.S. and Canada. Nortel CEO Mike S. Zafirovski, said in a statement, "Nortel must be put on a sound financial footing once and for all." Nortel recently reported a $3.4 billion loss for the third quarter of 2008, has been unable to sell one of its divisions, and has seen its stock price erode from $123.10 to just 4 cents per share after nearly 10 years of restructurings and write-downs. The possibility exists that Nortel will not be able to garner favorable terms while it restructures under bankruptcy protection and may be forced to liquidate its assets. Nortel provides wireless network operators with networking gear.
Samsung's Gear S2 Runs Tizen and Can Make Calls
Sep 1, 2015
Samsung's latest wearable features a circular shape, rotating bezel, and the ability to make phone calls independent from a smartphone. The device comes in two basic models: the Gear S2 has a simpler, more modern look, while the Gear S2 Classic has a more traditional appearance.
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Galaxy S8 to Cost $750, S8+ to Cost $850: Carriers Share Launch Details
Mar 29, 2017
Samsung's new Galaxy S8 and S8+ smartphones will cost $750 and $850, respectively. The phones share almost all features other than size and both ship with 64 GB of internal storage.
Samsung's Gear S3 Gains LTE Radio and Software Refinements
Aug 31, 2016
Samsung today announced the Gear S3 smartwatch, a Tizen-based wearable that will be available in several configurations. The Gear S3 will be sold in Classic and Frontier styles.
They use to own
Expected, but I am surprised it took this long to file 😲