Nokia names Rajeev Suri as CEO
On the heels of Microsoft’s closure of its acquisition of Nokia’s handset division, Nokia named Rajeev Suri as its new chief executive officer late Monday. Suri, 46, takes over for Risto Siilasmaa, who had served as the Finnish telecommunications gear maker’s interim CEO since the acquisition was announced last September. Siilasmaa, who is also Nokia’s chairman, assumed the role when Stephen Elop stepped down as Nokia’s CEO to return to Microsoft as head of its devices group.
Ireland’s eircom hires Goldman, Morgan Stanley for possible listing
Irish telecoms firm eircom has appointed Goldman Sachs and Morgan Stanley to advise it on a possible stock market listing two weeks after announcing it was considering a third flotation in 15 years. The two banks will “explore strategic options for the company including a potential international offering and listing,” eircom said in a statement. Earlier this month eircom said it had hired bank Rothschild to advise on a possible flotation.
EE posts strongest ever quarter for takeup
EE has posted financial results for the first quarter of 2014, showing 4G subscribers grew to 2.9 million between January and March. EE added a record 889,000 new 4G customers in the three months ending March 2014, the operator announced this week. In financial results posted yesterday (28 April), the company reported a total subscriber base of 2.9 million for the superfast mobile broadband network, with 50 per cent of new and renewing contract customers selecting the premium service tier.
AOL hit by massive data breach
Internet pioneer AOL has warned of a major breach that has affected a significant number of users, leaking email and postal addresses, contact information and password details to attackers unknown. AOL launched in 1983 as the Control Video Corporation and produced a short-lived modem-based gaming download service for the Atari 2600 dubbed GameLine. The precursor to Valve’s Steam and similar digital distribution systems, GameLine was not a financial success; the company had better luck with the Link series of online portals for the Commodore 64, Apple II and Macintosh, and IBM compatibles. In 1989, America Online was born as a walled-garden internet service which included chat, email and several games – including the first-ever web-based interactive fiction series and the first automated play-by-email game.
HP to announce an Android powered laptop
Following a very brief appearance on the HP website, the interwebs is full of rumors of a upcoming 14 Inch Android powered Laptop, named the Slatebook 14. The company hasn’t yet officially announced the SlateBook 14, but a video outlining the device’s key features and specs, has been spotted. The SlateBook has full access to Google Play, so any apps you’ve already purchased and downloaded with your Google account should work on the device.
Cool Smart Phone
LinkedIn CEO Jeff Weiner’s compensation soars
LinkedIn CEO Jeffrey Weiner’s compensation rose about 42-fold in 2013 amid big gains in the professional networking service’s stock price. Weiner received a compensation package valued at $49.1 million last year, according to a regulatory filing. That’s up from $1.2 million in 2012 and from $7.6 million in 2011, the year the company went public.
UK and Australian governments urge surfers to avoid internet explorer
The US government warned against the usage of Internet Explorer following the revelation of a major vulnerability in the browser, and both the UK and Australian governments have also added their own warnings. The flaw in question is of the remote code execution variety, meaning that an attacker exploiting it could gain full access rights to the PC in question, and basically take control of the machine and do all manner of potentially nasty things as a result. The US government has advised users to abandon Internet Explorer until the issue is fixed, as we reported yesterday.
Dot London domain name goes live, West Ham and the LSO among early adopters
The .London web domain has gone live, offering the chance for more tailored web addresses for firms and organisations in the capital. There has been some interest in the domain, and earlier this month the Mayor of London’s London & Partners website called on more businesses to embrace the suffix. In an open letter to London outfits the site said that such an opportunity should not be missed. It said: “For the first time in a generation London businesses have an opportunity to claim a web address that associates them with London, one of the greatest cities on earth, and make their web address more relevant and memorable. It is hard to imagine that 25 years ago few of us had heard of the internet. Now we take it for granted.”
ComiXology in-app purchases removed by Amazon so Apple doesn’t get a cut, users pay
ComiXology, the super popular comic book app, was bought by Amazon and has now had in-app purchases shut down on iPhone and iPad. Comic book fans that have been using the app for years are obviously furious. They are now required to buy comics from the Amazon website before going back into the app to sync up their device to read the comic.