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Corporate and legal

Clearwire board OKs Sprint's revised, $3.40/share bid

Just a day after Sprint upped its bid to acquire Clearwire, the latter's board has said that it's the right deal for the company.

In a statement released Wednesday, Clearwire's board announced that it has approved the new deal with Sprint. The board has also asked shareholders to vote in favor of the acquisition when they meet to place their ballots on May 31.

Sprint made a surprising announcement Tuesday, saying that it would up its initial offer to buy the remaining 50 percent of Clearwire that it doesn't own from $2.97 per share to $… Read more

HTC executive exodus now includes Asia CEO

HTC executives are departing a company that's facing strong challenges in the mobile market.

Our colleagues at CNET Asia this morning reported that HTC Asia CEO Lennard Hoornik has left the handset maker after an absence of two months during which he was "on leave," and there's no word on where he is headed.

That departure continues an unsettling trend for HTC. Chief product officer Kouji Kodera, who led HTC's general product strategy, left last week, according to The Verge. Vice president of global communications Jason Gordon recently exited the company after a seven-year stint. … Read more

Verizon's CTIA event: Join us Wednesday, 11 a.m. PT (live blog)

LAS VEGAS -- What does Verizon Wireless have up its sleeve?

Verizon is one of the few companies opting for a splashy press conference at the CTIA Wireless, which officially kicked off today. As such, it's essentially headlining what is expected to be a quiet show this year.

The company is holding its press conference on Wednesday at 11 a.m. Pacific (2 p.m. Eastern). CNET's Jessica Dolcourt, Kent German, and I will bring you all the live news, photos, and commentary starting about 30 minutes before the event.

Join CNET for live coverage of Verizon's CTIA event at 11 a.m. PT on Wednesday.Read more

Amazon proposes a colossal biospherelike Seattle campus

The latest fad for tech companies' new office buildings seems to involve making them as far-out and avant-garde as possible. And Amazon is the newest firm to jump on that train.

The e-commerce giant and gadget maker unveiled a slew of new drawings (PDF) on Tuesday that reveal a series of colossal, mirrored, biospherelike domes alongside a taller rectangular building that could be its new campus. The designs were created by architecture firm NBBJ and also include a copious amount of green space and landscaping.

The intent behind the design, according to the project proposal (PDF), is to "create an alternative environment" where "employees can work and socialize in a more natural, parklike setting."

"The generative idea is that a plant-rich environment has many positive qualities that are not often found in a typical office setting," the proposal says. "While the form of the building will be visually reminiscent of a greenhouse or conservatory, plant material will be selected for its ability to co-exist in a microclimate that also suits people." … Read more

Sprint says more to come from BlackBerry

LAS VEGAS--Sprint Nextel is planning at least one more BlackBerry to join its line up this year.

"We're not done with BlackBerry," said Lois Eichelberger Fagan, director of product portfolio for Sprint Nextel, in an interview with CNET on Tuesday here at the CTIA Wireless conference. "There's more to come."

Sprint plans to launch the Qwerty keyboard-equipped BlackBerry Q10 late summer. The company opted not to sell the flagship BlackBerry Z10, which was the debut product for BlackBerry 10.

Sprint has teased another product from BlackBerry by the end of the year, but wouldn'… Read more

Acting FCC Chairwoman: We're still focused on spectrum

LAS VEGAS -- Acting Federal Communications Commission Chairwoman Mignon Clyburn said that the agency is not slowing down when it comes to getting new spectrum on the market, even though the commission is down two members.

Clyburn, who made her first appearance as the interim head of the FCC at the CTIA Wireless Association's opening keynote, reassured the wireless industry that the FCC will continue to make more spectrum available, even as the agency prepares for a new full-time chairman and awaits the nomination of a Republican commissioner.

"The FCC wireless agenda remains focused," she said. "… Read more

Boost Mobile wants to be its customers' digital wallet

LAS VEGAS -- Sprint Nextel's prepaid arm, Boost Mobile, is taking its own stab at the digital wallet.

The company on Tuesday unveiled its Boost Mobile Wallet program, which is an Android application that allows its prepaid customers to manage their funds, transfer funds, send money overseas, and pay bills.

While the heavy-hitters such as Google and Isis -- which is a joint venture between Verizon Wireless, AT&T, and T-Mobile -- are going after the high-end, tech-savvy user with their own digital wallets, Boost is going the opposite route. The company is instead targeting customers who tend … Read more

Sprint CEO: Clearwire offer our 'best and final' one

LAS VEGAS -- Sprint's sweetened bid for Clearwire represents its "best and final" offer, Sprint CEO Dan Hesse told CNET on the sidelines of the CTIA Wireless show here Tuesday.

"You can take that to the bank," he said.

Sprint earlier today raised its offer for Clearwire to $3.40 a share, valuing the company at $10.7 billion. The offer is a substantial premium over its original $2.97 a share offer, and 10 cents a share more than Dish Network's competing bid for Clearwire.

Clearwire shareholders had been agitating for a better … Read more

Kyocera looks to create multi-headed Hydro

LAS VEGAS -- Kyocera is looking to capitalize on one of the phones that has been a quiet success story for the company.

The Kyorcera Hydro has been one of the top 10 selling smartphones each month since its launch in August, according to ITG Majestics. The company is looking to build on the Hydro name with the introduction of two new phones, the lower-end Hydro Edge and mid-tier Hydro XTRM.

The Hydro Edge is a low-end phone destined for Sprint Nextel's contract service and Boost's prepaid service. It will launch later this summer; its price has yet … Read more

Sprint ups bid on Clearwire to $3.40 per share to outdo Dish

Sprint has decided that it doesn't want to let Clearwire out of its sights.

The company on Tuesday announced that it has revised its $2.97-per-share offer for Clearwire to $3.40 per share. The increased offer represents a 14 percent increase from Sprint's previous offer, valuing Clearwire at $10.7 billion. More importantly, it's 10 cents higher than the $3.30-per-share offer made by Dish.

Sprint already owns about 50 percent of Clearwire. The company had previously said that its offer was superior to the one Dish brought to Clearwire earlier this year, and Clearwire's board agreed. … Read more