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HTC and Beats Electronics realign their business agreement

Beats founders to take control of audio business again

Last year HTC Corporation announced a partnership and investment deal with Beats Electronics, the company behind ‘Beats by Dr. Dre’ audio products.

It’s now selling some of its stake back to the founding members of Beats, which will give the founders around 75% ownership while HTC will be left with approximately 25%.

Author: The Fonecast
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Last week at The Fonecast: 23rd July 2012

Google employee no.20 becomes the new number 1 at Yahoo!

Mark Bridge writes:

Internet veteran Yahoo! provided last week’s biggest news, at least in terms of press coverage. It appointed Marissa Mayer as its President and Chief Executive Officer, having enticed her away from Google after 13 years.

Author: The Fonecast
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Vodafone quarterly results reveal mixed trends in Europe

Vodafone quarterly results reveal mixed trends in Europe

Vodafone has published an interim management statement for the most-recent quarter of its financial year, which ended on 30th June 2012.

It says group revenue was £10.77 billion for the quarter. That’s a 7.7% drop year-on-year, although when calculated ‘organically’ - compensating for the effect of mergers, acquisitions and exchange rates - this is equivalent to a 1% increase.

Author: The Fonecast
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Google announces first quarterly results since Motorola acquisition

Google announces first quarterly results since Motorola acquisition

Google has announced financial results for the second quarter of its current fiscal year.

These are the first figures since the company acquired Motorola Mobility on 22nd May.

Author: The Fonecast
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Microsoft reports record revenue but first-ever quarterly loss

Microsoft reports record revenue but first-ever quarterly loss

Microsoft has announced results for the final quarter of its financial year, which ended on 30th June 2012. Quarterly revenue was $18.06 billion, while revenue for the full year was $73.72 billion.

However, a decision to write off some of the value of online advertising business aQuantive, which was bought for $6.3 billion five years ago, resulted in a quarterly loss of $492 million.

Author: The Fonecast
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