Shares of Research In Motion (Ontario, Canada) jumped more than 14% on Wednesday morning on takeover speculation a day after the BlackBerry maker fell below $20 for the first time in almost six years.
The stock jumped $2.95 to $23.95 on the Nasdaq by 11 a.m., with a market report from British newspaper The Independent citing unsubstantiated talk that Vodafone (London, England) could consider buying RIM.
Japan's NEC Corp (Tokyo, Japan) plans to start manufacturing mobile phone network devices in India to meet growing demand in emerging nations, the Nikkei business daily said. NEC will build a new plant in the southern Indian city of Chennai by the end of fiscal 2011 at a cost of around $13 million.
NEC is one of the leading makers of microwave radio link devices, which are used to wirelessly connect mobile phone base stations. To guard its strong position in the market amid the soaring yen, NEC has decided to create a low-cost production base overseas.
Few organizations have moved to cloud computing and of those that have, many are disappointed with the results, a survey published by computer security firm Symantec (Mountain View, Calif., U.S.A.) said on Tuesday found. Fewer than one in five organizations questioned have outsourced the hosting of their applications to cloud computing providers, with two-thirds in early discussions, in trials or not considering a move.
Smart grid infrastructure firm Echelon Corporation's (San Jose, Calif., U.S.A.) chief executive said he saw more opportunities in Europe and the rest of the world than at home, where there is little appetite to upgrade power networks.
"We have 20% more supply of electricity in the U.S. than there is demand, and no political will," says Ron Sege. "At least in Europe you have political will, the 2020 mandates, France reaffirming its commitment, and Germany moving slowly along."
Echelon made 70% of its revenue in Europe in the last quarter.
Last week, CARTES and IDentification (Paris, France), a conference focusing on digital security and smart technologies, released developments in the e-health and telehealth fields prior to its 2011 show in November. According to CARTES and IDentification, one of the major developments is the use of smart security technologies in improving medical patient care.
Last week, GE (Fairfield, Conn., U.S.A.) and Nissan (Yokohama, Japan) signed a two-year research collaboration to speed up the development of smart charging infrastructure to fuel mass market adoption of electric cars.
Both companies have identified two key focus areas for the research efforts. The first relates to the integration of electric vehicles with homes and buildings. The second looks at electric vehicle charging dynamics and the future impact on the grid once millions of electric cars are on the road.
Last week, NexTraq (Roswell, Ga., U.S.A.), a GPS fleet tracking and vehicle management company, announced fleet tracking capabilities for the oil and gas industry. Through its Web Services offering, an open platform that enables integration of fleet data with third party applications, oil and gas customers can align their geographic information system (GIS) mapping technology with fleet tracking technology. As a result, fleet managers can protect and leverage assets remotely with real-time data and reporting, according to the company.
Telit Wireless Solutions, Inc., the U.S.-based mobile technology arm of Telit Communications (Trieste, Italy), a machine-to-machine (M2M) technology company, announced on Tuesday the launch of its new module featuring Wireless M-Bus transfer technology. The new ME50-169 module features 169 MHz and is designed for smart gas, water, heating or electricity meters. These smart meters automatically transmit consumption data to the utility companies, which can increases the accuracy and transparency of bills and helps improve energy efficiency, according to the company.
According to a new report from Lux Research (Boston, Mass., U.S.A.), a research and advisory firm, merger and acquisition (M&A) deals -- just in the first six months of 2011 -- have already totaled twice those made during all of 2010, and many more cash-starved smart grid, energy storage, and electric vehicle (EV) start-ups are considering future deals. After reaching an all-time six-month high of $1.79 billion in the first half of 2010, venture funding for these start-ups had all but dried up in the subsequent twelve months.
Last week, the GSMA, an association that supports the deployment of the GSM mobile telephone system, announced the results of a study of more than 4,000 mobile phone users in Singapore, Spain and the UK, which sheds light on privacy issues, particularly relating to the use of the mobile Internet and mobile applications.