Google Had Developed Own Currency

Google once contemplated the idea of issuing its own currency, to be called Google Bucks, company Executive Chairman Eric Schmidt said on stage at the Mobile World Congress in Barcelona,Spain on Tuesday.

At the end of his keynote speech, Schmidt hit on a wide array of topics in response to audience questions. “We’ve had various proposals to have our own currency we were going to call Google Bucks,” Schmidt said.

The idea was to implement a “peer-to-peer money” system. However, Google discovered that the concept is illegal in most areas, he said. Governments are typically wary of the potential for money laundering with such proposals.

“Ultimately we decided we didn’t want to get into that because of these issues,” Schmidt said.

He also hinted that Google might be preparing for a battle in China once its acquisition of Motorola is complete.

“Google’s been willing to take on China pretty well,” he said in response to a question about whether Google expected to continue to ignore theft of Motorola intellectual property in China, as Motorola has been doing. The acquisition hasn’t closed yet, Schmidt noted. “We’ve taken a pretty strong position on IP. We are well aware of the issues and we are considering your question,” he said.

Google is still waiting for some government approvals of its proposed acquisition of Motorola.

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Experts Think iPad 3 Coming in March

Apple will debut a new iPad some time in early March, and will start selling it the following week, according to reports and industry analyst expectations.

The March debut of the iPad 3, as some have called it, was first reported today by AllThingsD, the blog owned by Dow Jones, the publisher of the Wall Street Journal. Citing unnamed sources, the blog said Apple will host a launch event the first week of March, likely at the Yerba Buena Center for the Arts in San Francisco, a regular venue for the company’s press announcements.

Last year, then-CEO Steve Jobs returned from medical leave to lead the launch event of the iPad 2 on March 2. Apple started selling the new tablet on March 11, 2011 via its online store.

If Apple follows the same timeline, it will probably conduct the event the week of March 5-9, and begin selling the new model the following week.

It’s possible that Apple will trot out a new iPad on one of the first two days of March — Thursday, March 1 or Friday, March 2 — but Apple usually hosts events earlier in the week.

Next month’s iPad introduction, if it does take place, will be the first without Jobs, who died last October at the age of 56 of complications from his long-running battle with pancreatic cancer.

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Samsung Plans To Go Low-End

Samsung Electronics Co, the world’s top television maker, has seen TV sales firming up so far this year and plans to launch cheaper TVs, as demand for lower-end models increase, the head of its TV business said on Wednesday.

Demand for lower-end TVs has been increasing in recent months as major South Korean retailers such as E-Mart Co introduced flat-screen models that are as much as 40 percent cheaper through alliances with small local manufacturers.

“As long as there’s demand, we’re open to get into that segment,” Kim Hyun-suk, executive vice president of Samsung’s visual display division, told reporters.

“We’ve been preparing to introduce cheap models and have been studying to optimize production costs and retail prices. Those (cheap) models will be ready for sale in one or two months.”

Samsung, the most profitable TV maker, also introduced on Wednesday its highest-end premium set that it hopes will help boost profitability, as a fragile global economy threatens to sap demand growth this year after no growth in 2010.

The ES8000 model has voice, motion and face recognition functions, as well as 3D and Internet-enabled capabilities. The models, available in sizes of between 46 and 65 inches, will go on sale from this weekend in South Korea before a global launch in March.

Kim said Samsung’s TV sales so far this year have been stronger than a year ago and demand from China remained solid.

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Ericsson Seeking To Cash In On Patents

As wireless access is added to new types of devices, Ericsson is reorganizing its licensing department in an attempt to generate more revenue from its patents, the company said on Thursday.

The Swedish telecommunication vendor’s CEO Hans Vestberg wants to keep close tabs on the latest developments, and as part of its reorganization Ericsson’s chief intellectual property officer Kasim Alfalahi will now report directly to Vestberg.

The company’s IPR portfolio includes 27,000 granted patents. Today, any vendor that wants to use cellular connectivity in its products needs a license from Ericsson, which is offered under so-called fair, reasonable and non-discriminatory terms.

Licensing patents under those terms should be fairly straightforward. But that isn’t always the case; in the Netherlands Samsung and Apple, as part of their global legal battle, are arguing in court over what fair and reasonable means.

Ericsson has largely stayed out of the telecom legal battles, but announced it had sued ZTE, which then counter-sued, in April last year. The case is still pending, according an Ericsson spokeswoman.

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Windows Phone 7 Roadmap Leaked?

A purported Microsoft slide showing the 2012 Windows Phone roadmap seems to indicate that we could see the next major update by mid-2012.

The Tango update is scheduled for the second quarter of 2012, but it won’t be aimed at high-end phones. Instead, Tango is supposed to bring Windows Phone to dirt cheap devices, or “products with the best prices” as Microsoft calls them. This seems to indicate that it will be even better at resource management than Mango, which is already far ahead of iOS and Android in terms of its OS footprint.

The big new, of course, is Apollo. The new OS is scheduled to appear in Q4 and it should enable Microsoft to offer competitive superphones. Currently Windows Phone devices max out at WVGA resolutions and single-core Qualcomm chips. Apollo could change all this and pave the way for dual-core designs with high resolution screens, probably 720p.

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Nokia Drops Luxury Brand Vertu

Nokia’s Vertu mobile phones sell for thousands but the firm is looking to unload this relatively low volume part of its business as it tries to focus on producing Windows Phones. According to the Financial Times (FT), Nokia has appointed Goldman Sachs to oversee the sale of its UK subsidiary.

Vertu’s market value is not known but the firm makes between 300 to 400 millionin annual sales and, according to the FT, private equity groups have expressed interest. The brand is fairly well known as a maker of expensive mobile phones and it might attract high-end ‘designer’ brands that want to break into the mobile phone market.

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DoJ Charges Clickjacking Perpetrators

The U.S. Department of Justice is charging seven individuals with 27 counts of wire fraud and other computer-related crimes, accusing the group of hijacking 4 million computers across 100 countries in a sophisticated clickjacking scam.

According to the indictment, the defendants had set up a fake Internet advertising agency, entering into agreements with online ad providers that would pay the group whenever its ads where clicked on by users. The group’s malware, which it had planted on millions of user computers, would redirect the computers’ browsers to its advertisements, thereby generating illicit revenue.

The malware worked by capturing and altering the results of a user’s search engine query. A user would search for a popular site, such as ones for Netflix, the Wall Street Journal, Amazon, Apple iTunes and the U.S. Internal Revenue Service. Whenever the user would click on the provided link, however, the browser would be redirected to another website, one that the group was paid to generate traffic for.

The malware the group used also blocked antivirus software updates, which left users vulnerable to other attacks as well, according to the DOJ.

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Oracle Vs. Google Gets Postponed

The US Court has postponed the trial that could see an agreement reached between Oracle and Google over the use of Java in the Android operating system.

The case has been in court for over a year and was expected to finish at the end of October, but yesterday US District Judge William Alsup put it on hold.

According to Reuters the decision had been expected, but perhaps less likely was the judge’s other bit of news, that he might hand the case over to another judge.

Perhaps no one expected the case to go on this long, or perhaps it was just whoever controls Alsup’s diary, as he explained that he has another criminal trial to deal with, one that might last until February next year.

“Your case is huge and needs the attention of somebody who can give it more time than I can,” Alsup said, despite his familiarity with the case.

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Sprint Finally Gets The iPhone

Sprint Nextel confirmed that it will offer the next version of Apple Inc’s iPhone, ending months of speculation about whether it would become the third U.S. carrier to sell the popular device.

But the No. 3 U.S. mobile provider would not say whether its iPhone would come with a flat-fee service for unlimited data use – an offering analysts see as Sprint’s only hope for making its iPhone more competitive than rivals.

While selling the device should help Sprint keep subscribers from fleeing to other operators, some analysts worried whether the costs would outweigh the benefits because Apple phones come at a steep premium to other devices.

This is a huge gamble for Sprint and people are justifiably worried that they won’t be able to make any money doing it. It’s not a company that’s in great financial shape right now,” said Stifel Nicolaus analyst Chris King.

Analysts questioned how Sprint will be able to find the money to pay a premium to Apple on top of its obligations to pay back billions of dollars in debt and its plan to spend about $5 billion on an network upgrade in coming years.

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Oracle Claims It Lost Over 1 Billion

Oracle now estimates it has lost $1.16bn from Google’s alleged copyright and patent infringement by the Android operating system.

Last year Oracle sued Google claiming that its popular Android operating system infringed Java patents and copyrights. Since then the two sides have been trying to come to an agreement on any damages Google might have to pay.

Initially Oracle claimed $6.1bn from Google, but Judge William Alsup quickly told Oracle to come back with something more realistic. Oracle did just that yesterday with a figure $2.2bn, a figure that Google has urged the court to reject. Now Oracle claims it has lost $1.16bn due to Google’s Android, though this figure is not related to the damages claim it made yesterday.

Google on the other hand has claimed that Oracle’s expert witness Iain Cockburn, who calculated the damages, was a little too zealous in adding up his figures. Judge Alsup has already rebuked Google twice, once for trying to downplay the significance of Android and a second time for trying to use failed licensing talks with Sun to reduce any damage award.

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