Despite wide-spread rumors to the contrary, Google today down-played rumors that it is developing and manufacturing a mobile phone, clearing the air of speculation that the world’s largest company would battle Apple and its forthcoming iPhone in the intensely competitive mobile handheld market. Instead of producing handsets, to which several previo…
The Trader — Part II
HOW STAUNCH WAS THE STOCK market’s latest stand? Advancing stocks outpaced declining ones by 9 to 1 Wednesday on the New York Stock Exchange, the second time in a month the advance was so broad and insistent.
Nokia Unveils N95 GPS-Enabled Phone
Nokia has started shipping its first phone with built-in GPS capabilities and a host of other applications. The Finnish company said the N95 mobile phone, now available in Europe and Asia, is a slider-type device with a 5 megapixel camera for shooting photos and 30 frames-per-second video. However, the feature that has techies in a tizzy is the built-in GPS.
Ahead of the Bell: Palm
At least two analysts downgraded shares of Palm Inc. on Friday after the smart phone maker reported sharply lower fiscal third-quarter profit and refused to shed light on rumors of a possible sale.