Editor's Note: Related tickers: Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), China Mobile Ltd. (ADR) (NYSE:CHL), Starbucks Corporation (NASDAQ:SBUX), AT&T Inc. (NYSE:T)
China Mobile, Apple are positive on possible deal (Reuters) China Mobile Ltd. (ADR) (NYSE:CHL), the world's biggest mobile carrier by subscribers, said its talks with Apple Inc. (NASDAQ:AAPL) have been progressing smoothly and both sides are positive about reaching a possible agreement, Chairman Xi Guohua said on Thursday. "Both sides sounded keen (during recent talks)," Xi told a news conference after announcing the company's first-half results. With Apple Inc. (NASDAQ:AAPL) expected to unveil its next iPhone next month and China Mobile Ltd. (ADR) (NYSE:CHL) expected to get a 4G license this year, the time appears ripe for the two giants to finalize a deal, analysts said.
With balloons and fiber, Google experiments in Web access (IndiaTimes) From sending solar-powered balloons into the stratosphere to offering free Wi-Fi in parks, Google Inc (NASDAQ:GOOG) is quietly spending hundreds of millions of dollars on nascent Internet services that may one day challenge the telecom and cable companies. In recent months, Google Inc (NASDAQ:GOOG) has announced plans to bring free wireless Internet access to 7,000 Starbucks Corporation (NASDAQ:SBUX) cafes across America, eventually displacing AT&T Inc. (NYSE:T); it has asked US regulators for broader access to wireless airwaves; and it has launched 30 solar-powered balloons over the South Pacific ocean, designed to beam the Internet to remote regions.
Microsoft’s First Chip Brings Tank-Finding Design to Xbox: Tech (BusinessWeek) Microsoft Corporation (NASDAQ:MSFT), seeking to fend off competition for its Xbox game console by souping up the Kinect motion sensor, is tapping a new semiconductor developer: itself. For the first time, the company will build its own processors based on an in-house design. The new chips will make Kinect more accurate and responsive using an imaging technology found in military gear, said Cyrus Bamji, who played a key role in developing the silicon architecture. Previously, Kinect relied on an off-the-shelf chip from Israel’s PrimeSense Ltd. Microsoft Corporation (NASDAQ:MSFT) joins companies such as Apple Inc. (NASDAQ:AAPL) that are doing more work on chips internally to add exclusive features and set their devices apart.
Apple breaks $500 threshold, first time since January (IndiaTimes) Apple Inc. (NASDAQ:AAPL)'s shares surged passed the $500 threshold, their highest level since January. Wednesday's gains came a day after activist investor Carl Icahn said he thinks the iPhone maker should do more to revive its stock price. The outspoken billionaire said in Twitter posts Tuesday that he had acquired an unspecified stake in Apple Inc. (NASDAQ:AAPL) and had spoken to its CEO about boosting share repurchase plans. The stock immediately jumped, and closed at its highest level in nearly seven months.
Microsoft to Launch Windows 8.1 “Blue” in Mid-October. (xBitLabs) Microsoft Corporation (NASDAQ:MSFT) on Wednesday revealed the launch date of its highly-anticipated “Blue” update to the Windows 8 operating system, which is most commonly known as Windows 8.1. As expected, the new OS will be released in mid-October, just in time for the holiday sales season. The update is being released to PC makers these days. Starting at 12:00am on October 18th in New Zealand (that is 4:00am October 17th in Redmond, Washington), Windows 8.1 will begin rolling out worldwide as a free update for consumers on Windows 8 through the Windows Store. Windows 8.1 will also be available at retail and on new devices starting on October 18th by market. So mark your calendars!