The high-profile patent case involving Apple and Samsung drew to a close after three days of jury deliberation with Apple winning the ruling. Apple was awarded $1billion in damages and is now seeking a ban on select Samsung smartphones. On a more positive note, Samsung unveiled a string of Windows 8 devices including PCs, a tablet and smartphone at IFA 2012; Google+ added a host of enterprise social networking features; and IBM launched a new technologically advanced mainframe computer.
10. IBM to buy software maker Kenexa
Continuing its acquisition spree, IBM purchased Kenexa Corporation, a supplier of HR software and consulting services, in a $1.3billion deal. The purchase helps Big Blue bolster its online business applications and signals increasing competition among enterprise software makers.
9. Yelp shares surge after lock-up expiry
Shares of Yelp soared as its lock-up period ended with 53 million shares hitting the market. The stock rose 21.6 percent, with more than five million shares traded after the lock-up period. The same could not be said about Facebook, which fell to an all-time low at the end of its lock- up period.
8. Amazon: Kindle Fire sold out
A week ahead of Amazon’s news conference, the company announced that the Kindle Fire is completely sold out triggering speculations that a new version will be launched at the conference. Meanwhile, Amazon claimed that the Kindle Fire makes up 22 percent of the U.S. tablet market, an interesting move given they have never disclosed actual Kindle Fire sales numbers.
7. Zynga’s Creative Chief Officer resigns
Zynga’s CCO Mike Verdu announced he will leave the company to start a mobile gaming business, which will be funded by Zynga. Though Verdu’s resignation is solely based on his plan to start a new company, his timing is unfortunate, as the company has seen several high-profile departures in the wake of disappointing quarterly results that are eroding investors’ confidence. Since its December IPO, Zynga’s faltered stock has caused concern over the company’s future.
6. Facebook cleared to issue stock for Instagram deal
Facebook passed the final hurdle as it was cleared to issue stock by the state of California for the purchase of Instagram. Facebook reached a deal to acquire Instagram in April for $1billion including 23 million Facebook shares that were valued at $31 apiece. But since the May IPO, Facebook’s devalued stock has reduced the purchase price by nearly 25 percent. At the hearing, Instagram founder Kevin Systrom confirmed the company has no revenue stream. With most of the official procedures cleared, the deal will close by next week.
5. California’s cap-and-trade program to cut emissions starts trial run
Economists voiced their support as California prepared open the nation’s first, full-scale carbon market where companies can buy and sell the right to emit greenhouse gases from factories, power plants and oil refineries in a comprehensive ‘cap-and-trade’ program. A trial run scheduled for Thursday included online auctions of emissions permits for 150 major emitters of greenhouse gases. The trial will give the state time to work out any glitches before the official Nov.14 launch.
4. Samsung unveils first ever Windows 8 phone
Samsung took the wraps off the first Windows 8 smartphone at IFA 2012, beating Nokia to the start gate. ATIV S is the first in a string of devices unveiled at the conference under the new brand ATIV including two Windows 8 PCs, and a Windows RT powered tablet. With a 4.8inch HD Super AMOLED display, Samsung’s new phone supports near-field communication (NFC), one of the key features included in Windows Phone 8.
3. Google+ launches tools for businesses
Google+ got down to business launching enterprise social networking features for businesses and schools. Still in preview mode, the company released private sharing, integration of Hangouts video service with email, calendar and documents, and administrative controls for content posted on the service.
2. IBM mainframe evolves to serve the digital world
IBM introduced a new mainframe computer zEC12, calling it the “most powerful and technologically advanced version” of mainframes. It is designed to allow users to quickly and securely handle a vast volume of transactions. IBM’s zEC12 is said to be one of the most secure systems ever with processors that provide privacy for sensitive transactions, with financial institutions, large enterprises and government customers. If you thought mainframe computers were dead, check out IBM’s massive zEC12.
1. Apple wins ruling in high-stakes patent case
After only three days of deliberation in the complicated and high stakes patent trial, a nine-person jury found that Samsung infringed on six of Apple’s mobile technology and design patents, and rule that Apple be awarded more than $1billion in damages. Apple has asked the presiding judge for a permanent ban on U.S. sales of eight models of Samsung phones. Samsung declared that it would take the “necessary measures” to fight Apple’s attempt to ban of its devices. The impact of the verdict has also pointed directly to Google and Android and raised concerns over the future of the smartphone industry .