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BlackBerry crumbling, Nokia not far behind
Research in Motion and Nokia are both sinking, albeit slowly and still bobbing above the surface, but failure to innovate and miserable product launches have contributed to their slow downfall.
The value of RIM's shares has dropped by more than 70 percent in the past 12 months, with its market cap has tumbled from $78 billion to $6.3 billion in three years. Nokia, on the other hand, has seen its shares drop by 90 percent in five years, and its market cap has dropped from $151 billion to $11.8 billion in four years. Still, towards the end of the year, after a declining share price, things are on the up.
BlackBerry 10 devices will launch on January 30, according to RIM, but the company will miss out on the lucrative holiday season by launching later in the months after Christmas. Nokia, however, continues to decline -- and even Microsoft, the firm's partner in the Lumia space, is looking for other partners to keep Windows Phone market share momentum going.
- Read more: Who falls first: RIM or Nokia?
- ZDNet Great Debate: RIM or Nokia: Which has the better turnaround prospects?
Microsoft faces another antitrust suit in Europe over browser choice
The Redmond, Wash.-based software giant is about to feel the full force of the European antitrust gust, as the software giant braces itself for one stormy winter. After failing to include the so-called 'browser ballot' in Windows 7 (Service Pack 1) in February 2011, more than 28 million European users of Windows may have missed out on the chance to change their browser away from the Internet Explorer default.
Microsoft admitted it made a mistake and accepted responsibility for the screw-up. Still, Microsoft faces a fine up to 10 percent of its global annual turnover should it be found flouting European antitrust laws. That figure that could total close to €5.7 billion ($7.3bn).
After rumors swirled that AMD would cut 30 percent of its global staff, the chipmaker only cut 15 percent in total. The firm warned after its third quarter earnings that it was in for a rough time, and come the fourth quarter, it was clear that the Intel-rival was sinking and rapidly.
Weeks later, AMD is trying to claw back its cash position by selling one of its campuses in Texas with the aim of leasing it back at a fraction of the cost. With declining cash reserves, mounting debt and negative cash flows from operations from the last two quarters, most of the company's decline can be attributed to the poor PC market. Arch rival Intel is also struggling, so it's not just AMD in the thick of it.