Apple is contributing over half the quantity of US$4.5 billion price tag for Nortel copyrights, with partners including Microsoft and Sony joined kicking in the rest.
Apple stated in a filing with the U.S. Securities and Exchange Commission that it will give around $2.6 billion toward the price of the Nortel patent acquisition. Nortel has been selling off portion of its business after filing for bankruptcy protection in 2009. It currently auctioned off its portfolio of around 6,000 copyrights. A consortium that consists of Apple, Microsoft, Sony, Research In Motion, EMC and Ericsson had the winning $4.5 billion bid. As . . . → Read More: Apple Gives More than Half of the Nortel Patent Price
Google TV Box Price Is Now 50% Slashed Down
The price of Revue, Google’s TV set-top box, has been slashed down to over 50%. Logitech was forced to do so after more items were returned to stores than sold in the first quarter of the year.
The box, which enables users to surf the web while in the living room, now costs $99 in the US, down from $249.
This new price is lesser in value than the production expenses of Logitech, meaning they are now facing a $34m write-off as a result.
The company said the price cut will “remove . . . → Read More: Google TV Box Price Is Now 50% Slashed Down