Amazon Web Services Slashes Cloud Prices, So Does Google: Weekly Tech Business Recap
Here’s your Cheat Sheet to the top tech business stories of the week:
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After one month that Windows 8 has generally been available, Microsoft Corporation (NASDAQ:MSFT) announced that thus far 40 million licenses to the product have been sold. The news was divulged by Tami Reller on Tuesday at the Credit Suisse 2012 Annual Technology Conference. Further, Windows 8 is surpassing Windows 7 in terms of upgrades, and Windows 8 was developed to work on existing Windows 7 PCs.
The Federal Communications Commission said Tuesday that the proposal by DISH Network Corporation (NASDAQ:DISH) for a mobile telephone network would ruin the value of airwaves that the government intends to auction for commercial use. For its part, DISH has said that its capacity to add mobile-phone service to satellite television offerings could be hobbled by Julius Genachowski’s November 20th proposal to restrict power for the planned network.
The American installer of residential and commercial solar systems SolarCity (SCTY), expects that its initial public offering of 10.07 million shares should be priced at between $13 and $15. If the high end of the range is attained, the IPO could bring around $151 million, giving the firm a valuation in excess of $1 billion, which would make it the number two most valued United States-listed solar company, behind only First Solar (NASDAQ:FSLR), with its market capitalization of more than $2.2 billion. SolarCity’s projects have been financed by big names such as U.S. Bancorp (NYSE:USB) and Google.
On Tuesday in San Francisco, Hewlett-Packard Co. (NYSE:HPQ) was sued in federal court by a shareholder who claims that it hid that it had obtained control of the British software maker Autonomy Corp., based on financial statements that were in fact unreliable due to accounting manipulation, and then issued false and misleading statements.
Apple (NASDAQ:AAPL) and LG Electronics (LGEAF.PK) are being sued by an Alcatel-Lucent (NYSE:ALU) division which claims that they infringed patents for electronic devices which include phones and computers. The jury trial commences Tuesday in San Diego. The allegations originated from a lawsuit in 2010 by Alcatel’s Multimedia Patent Trust which accused Apple and LG Electronics of copying video-compression tech that permits data to be sent more efficiently via communications media, including satellites and the Internet, along with being stored on DVDs and Blu-Ray disks.