VeriSign To Acquire Certicom For $73 Million

January 25 2009No Commented

Categorized Under: Cell Phones

VeriSign is planning to buy Certicom about three days after Research in Motion decided to pull out of a hostile bid for the security company.  VeriSign will buy Certicom for $73 million.  Certicom is an elliptic curve cryptography company.  VeriSign plans to enter new markets through the use of Certicom’s ECC public-key encryption technologies.

VeriSign one upped RIM’s deal by $21 million.  RIM proposed $52 million to buy out Certicom from their shareholders this past December.  To counter the bid, Certicom filed a lawsuit to block the bid stating that RIM breached nondisclosure agreements.  This past Monday, a court ruling stated that RIM did in fact breach the agreements and shareholders were unable to accept the offer.

RIM already owns several forms of ECC technology, but the acquisition of Certicom would have made things more cost-effective.  Certicom expects that their shareholders will accept the VeriSign deal and that the transaction will close in March.

[via AP]


Zune Sales Decrease $100 Million From Last Year

January 25 20092 Commented

Categorized Under: Portable Audio
The Zune may soon be a device of the past as it continues to plummet in sales.  The almighty iPod and iPhone seems to keep consumers wanting more Apple and less Microsoft.  According to a report filed with the SEC, the revenue of the Zune for the 4th quarter was less than half of the previous year.  As a matter of fact the “Zune platform revenue decreased $100 million or 54% reflecting a decrease in device sales.”

Fortunately for Microsoft, the Entertainment and Devices Devision is still profitable thanks to the Xbox 360 and the PC platforms.  Revenue for the Xbox and the PC platform increased by 6% bringing them up to $2.2 billion.  Apple had about a 3% increase in iPod sales in the same period.

[via Engadget]

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