As tipped by ChannelNews and CDN last week Microsoft has pulled the plug on their bid to buy Yahoo. Microsoft has officially confirmed that it has withdrawn its bid to acquire Yahoo after the two sides couldn't agree on a price. Microsoft said it had increased its offer to $33 a share, but said Yahoo wanted at least $37 a share.
Major retailers in Australia are predicting that Philips will call it quits in the CE market with the brand possibly ending up in the hands of a distributor. Globally the Company is struggling with profits plunging 75% due to the poor performance of the Companies consumer electronic division.
The tablet market may have slumped 34% in the last quarter but it has not stopped vendors like Toshiba launching a new 10" Android AT100 Honeycomb tablet that offers a lot more than a hardware casing and a bog standard Google Honeycomb OS.