Thursday, December 1st, 2016

Time	Event
1:00p	Fitbit Is Buying Smartwatch Maker Pebble For Around $40 Million, Says Report According to a report from The Information, Fitbit is buying smartwatch maker Pebble for a "small amount" of money. One source says Fitbit is paying between $34 and $40 million for the company and is "barely covering their debts." TechCrunch reports: A source close to the company told TechCrunch that watch maker Citizen was interested in purchasing Pebble for $740 million in 2015. This deal failed and before the launch of the Pebble 2 Intel made an offer for $70 million. The CEO, Eric Migicovsky refused both offers. Pebble released the newest version of its smartwatch in October, but the past year or so has been a challenging period. It laid off 25 percent of its staff in March, while we reported last year that it was in some trouble and had turned to debt funding and loans, as well as traditional investor cash, "in order to stay afloat." Earlier this year, Pebble CEO Migicovsky confirmed that his company had raised $28 million in debt and venture financing. He blamed a more cautious outlook from VCs focused on tech as the primary reason for letting 40 of Pebble's staff go. Read more of this story at Slashdot. (Comment on this)
2:05p	Nokia Dials Back Time To Sell Mobile Phones Again Nokia said Thursday mobile phones carrying its brand will make a comeback via a new venture that will reunite the Nokia brand with veteran Nokia execs who aim to move into smartphones capitalizing on an existing operation that sells low-cost basic phones. From a report on BBC: It's thanks to a deal with a small team based at a business park on the fringes of Helsinki, who are engaged in what will seem to many a foolhardy mission. They call themselves HMD Global -- and they believe they can make Nokia a big name in mobile phones once again. I met Arto Nummela, Pekka Rantala and Florian Seiche in a cafe on what is still the Nokia campus. That very day Arto and Pekka had stopped working for the Nokia Windows mobile phone business owned by Microsoft -- because they had acquired both it and the Nokia brand to start their new business. Yes, it is complicated, but so is the recent history of what was just a few years back Europe's technology superpower and the biggest force in mobile phones. After the launch of the iPhone in 2007, Nokia faltered and by 2011 was on what its first American chief executive, Stephen Elop, called a burning platform. Then, the phone business was sold to Microsoft, which soon found it had made a disastrous purchase as the Nokia Windows combination failed to claim a significant slice of a market dominated by Apple's iOS and Android. Now, the Finnish business -- which remained a big force in telecoms infrastructure after the sale of the mobile unit -- has licensed the Nokia brand to HMD Global, which aims to take it back to the future. Read more of this story at Slashdot. (Comment on this)
9:15p	Motorola Has No Plans For a New Smartwatch An anonymous reader quotes a report from The Verge: Lenovo Moto today confirmed that it will not be releasing a new smartwatch for the launch of Android Wear 2.0, due early next year. The company had earlier said it would not be releasing a new smartwatch in 2016, but it is now saying that it doesn't plan to put out a new device timed to the arrival of Google's newest wearable platform, either. Shakil Barkat, head of global product development at Moto, said the company doesn't "see enough pull in the market to put [a new smartwatch] out at this time," though it may revisit the market in the future should technologies for the wrist improve. "Wearables do not have broad enough appeal for us to continue to build on it year after year," Barkat said, and indicated that smartwatches and other wearable devices will not be in Moto's annual device roadmap. Whether or not Moto does jump back into the smartwatch market is still up in the air, but Barkat is leaving the possibility open. "We believe the wrist still has value and there will be a point where they provide value to consumers more than they do today," Barkat said. But it doesn't appear that we'll be getting a new Moto 360 or other smartwatch any time in the near future. Google announced back in September that it would be delaying the launch of Android Wear 2.0 from this fall to next year. LG and Huawei have also confirmed that they would not be releasing new smartwatches until at least next year. Read more of this story at Slashdot. (Comment on this)

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