Fwd: Technology Report: Apple, Qualcomm, others eye InterDigital

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	08/17/2011
Good afternoon John Tech giants continued attempts to shore up their patent portfolios continued on Wednesday, with InterDigital being targeted by Apple, Nokia and Qualcomm. Bidders have been eager to get their hands on InterDigital''s 8,800 patents -- including crucial 3G and 4G/LTE patents to strengthen operating software for smartphones. Key potential bidder Google, who earlier this week acquired Motorola Mobility for $12.5 billion, has not formally withdrawn from the auction but it is unclear whether they will bid for the company. In related news the head of Google's rival Nokia warned that phone makers depending on Android software should worry about the Web search leader's deal to buy Motorola Mobility. Analyst concern about whether Motorola will get preferential treatment over rivals Samsung and HTC are justified said Nokia Chief Executive Stephen Elop. Finally, want to buy a tablet but don't want to break the bank doing it? Beetel Teletech has launched a 7-inch tablet priced at $220. The Beetel Magiq runs on Google's Android operating system and supports both 3G and Wi-Fi networks, Beetel said in a statement. LATEST NEWS Apple, Qualcomm, others eye InterDigital August 17, 2011 02:46 PM ET NEW YORK (Reuters) - Apple Inc, Nokia and Qualcomm Inc are among several technology companies pondering bids for InterDigital Inc, sources familiar with the situation said. | Full Article Nokia CEO says "watch out" to Android phone makers August 17, 2011 02:48 PM ET HELSINKI (Reuters) - Phone makers depending on Google Inc's Android software should worry about the Web search leader's deal to buy Motorola Mobility, the head of rival Nokia said on Wednesday. | Full Article AT&T sues customers seeking to block T-Mobile deal August 17, 2011 03:05 PM ET NEW YORK (Reuters) - AT&T Inc is turning to the federal courts to thwart an effort led by law firm Bursor & Fisher to derail AT&T's $39 billion takeover bid for Deutsche Telekom AG's T-Mobile. | Full Article HP, Dell hammered as tech-spending outlook darkens August 17, 2011 03:02 PM ET BANGALORE/SAN FRANCISCO (Reuters) - Shares of Hewlett-Packard Co and Dell Inc fell on Wednesday as the outlook for U.S. and European corporate government technology spending dimmed. | Full Article Baidu may face tougher rules after state media criticism August 17, 2011 10:01 AM ET SHANGHAI (Reuters) - Chinese search engine Baidu Inc may face tighter regulations after facing a barrage of criticism from state media over its business practices at a time when it is cementing its dominance of the booming Internet market. | Full Article BUSINESS NEWS Wall Street reverses early gains as tech drags August 17, 2011 02:32 PM ET NEW YORK (Reuters) - Stocks slipped on Wednesday, reversing gains of more than 1 percent, as weak results from Dell dragged down the largest U.S. personal computer makers and offset recent upbeat earnings and outlooks from retailers, including Target Corp . | Full Article Costly tobacco boosts wholesale prices August 17, 2011 03:07 PM ET WASHINGTON (Reuters) - U.S. wholesale prices outside of food and fuel rose at the fastest pace in six months in July as costs for tobacco and light trucks jumped, but weak domestic demand was seen keeping inflation pressures in check. | Full Article Congress, not Fed, must do more for economy: Fisher August 17, 2011 02:44 PM ET MIDLAND, Tx (Reuters) - The Federal Reserve has no business easing monetary policy further when the real problem facing the economy is fiscal mismanagement in Washington, a top Fed official said on Wednesday. | Full Article Merkel and Sarkozy offer no miracle cure for euro August 17, 2011 02:13 PM ET BERLIN (Reuters) - New Franco-German proposals to boost fiscal convergence in the euro zone got a cool response from other member states on Wednesday and failed to convince investors the bloc's debt crisis was closer to being solved. | Full Article Exclusive: Lehman shelves asset management plan August 17, 2011 03:26 PM ET NEW YORK (Reuters) - Lehman Brothers Holdings Inc will not turn its asset management unit into a long-term business after creditors of the bankrupt investment bank objected. | Full Article U.S. TOP NEWS U.S. stocks falter, Treasuries, Swiss franc up Obama to unveil economic plan in September speech India protests swell as Anna Hazare fasts New evidence points to cover-up at Murdoch tabloid Rebels zero in on Libya's Zawiyah refinery RELATED VIDEO Ford's 100 years on British roads Date-rape drug detector offers safety for women Time Out gets hip to digital tips A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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