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Tuesday, October 11, 2005
Tech Briefs
REGIONAL NEWS
Sprint Nextel challenging method of valuation in sale
Sprint Nextel Corp., the No. 3 U.S. mobile-phone-service company, is asking a judge to intervene in a dispute over the methods used to value its planned acquisition of affiliate Nextel Partners Inc. of Kirkland.
Sprint Nextel disagrees with Nextel Partners' interpretation of the so-called "put right" that allows the company to force Sprint Nextel to buy the 68 percent that it doesn't already own. In a lawsuit filed Oct. 7 in Delaware, Sprint Nextel said Nextel Partners' valuation method is "unsupportable" and contrary to what is spelled out in the agreement. Sprint Nextel owns 32 percent of Nextel Partners and will buy the company after its shareholders vote and a "fair market value" has been determined by appraisers.
Microvision wins subcontract for helmet-mounted display
Bothell-based Microvision Inc. said Monday that it has received a $740,000 subcontract to increase the strength of its wearable helmet-mounted display, which the U.S. military uses and lets a person see data reflected through a small eyepiece. Under the contract, Microvision will deliver prototypes that meet or exceed military standards. General Dynamics C4 Systems awarded the subcontract.
NATIONAL NEWS
Yahoo! testing search tools to help users find podcasts
Yahoo! Inc., operator of the most-visited Internet site, started testing a feature Monday that allows Web searches for recorded radio shows, music and news broadcasts to meet rising demand for so-called podcasts. The Yahoo! service competes with a similar service offered by Apple Computer Inc.'s iTunes. Apple offers more than 15,000 free podcasts for its iPod digital music player and other devices.
About 4.5 million consumers download podcasts, which are created by news outlets as well as by individuals.
Yahoo! testing search tools to help users find podcasts
Unisys Corp., struggling to compete with IBMCorp. and Accenture Ltd. in computer services, had an unexpected third-quarter loss. The company's shares fell 12 percent. The net loss was 16 cents to 18 cents a share, Blue Bell, Pa.-based Unisys said in a statement of preliminary results Monday. Revenue was as much as $1.39 billion, less than the $1.5 billion estimate of 10 analysts surveyed by Thomson Financial.
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