Nokia could sell luxury Vertu brand to VC firm for $265 million

As much as it'd be interesting to see Windows Phone running on a $21,000 gold-plated cigar lighter, that's probably never going to happen. According to the UK's Financial Times, Nokia has been trying to hive off its luxury Vertu brand for months already, and has finally found a suitor with the right cash / sense ratio. Although still far from a done deal, we're told that venture capitalist firm Permira is willing to contribute up to $265 million to Nokia's needy coffers -- which might sound like a lot, but is mere costume jewelry to a manufacturer that just lost $1.7 billion.

Nokia could sell luxury Vertu brand to VC firm for $265 million originally appeared on Engadget on Mon, 30 Apr 2012 03:04:00 EDT. Please see our terms for use of feeds.

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Gingrich to end presidential run on Wednesday (CNN)

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Nokia could sell luxury Vertu brand to VC firm for $265 million

As much as it'd be interesting to see Windows Phone running on a $21,000 gold-plated cigar lighter, that's probably never going to happen. According to the UK's Financial Times, Nokia has been trying to hive off its luxury Vertu brand for months already, and has finally found a suitor with the right cash / sense ratio. Although still far from a done deal, we're told that venture capitalist firm Permira is willing to contribute up to $265 million to Nokia's needy coffers -- which might sound like a lot, but is mere costume jewelry to a manufacturer that just lost $1.7 billion.

Nokia could sell luxury Vertu brand to VC firm for $265 million originally appeared on Engadget on Mon, 30 Apr 2012 03:04:00 EDT. Please see our terms for use of feeds.

Permalink Reuters, The Verge  |  Financial Times  | Email this | Comments

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Google Drive, Bitcoin Porn, Testicle Squeezing, Bathtub Junkets and More [Video]

This week was a busy week! Whether it was Tim Cook cracking jokes, cellphone users falling in sinkholes, Google rolling out new products, or our own Sam Biddle accepting a paid bathtub junket in the name of journalism, there were no shortage of interesting stories. Here are our top stories of the week. More »

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Saluting our Service Members East (Rochester Democrat and Chronicle)

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GOP dissed research projects that ended up discovering useful things (Americablog)

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Fujitsu Laboratories wants to take your mobile's 2D videos to another dimension

Fujitsu Laboratories has developed technology that will let any phone grab pictures and video with some of that third-dimension spice. Using a small attachment with cleverly positioned mirrors, the widget sits atop your phone's plain old 2D camera and breaks the incoming image into two. Once the data has been grabbed, you then send it off to Fujitsu's servers, whereupon it'll be converted into a 3D format. This isn't the first 2D-to-3D idea, but the main advantage, of course, is that your poor phone doesn't have to do all the leg-work -- but it undoubtedly comes at the expense of some quality. The gadget will get properly announced at the IEEE ISCE conference in Harrisburg on June the 4th along with pricing and availability. In the meantime you can step into the Japanese dimension -- i.e. the press release -- below for more info.

Fujitsu Laboratories wants to take your mobile's 2D videos to another dimension originally appeared on Engadget on Fri, 27 Apr 2012 06:32:00 EDT. Please see our terms for use of feeds.

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