Sirius Radio, Apple CEOs Have Talked
Sirius Satellite Radio chief executive Mel Karmazin has spoken to Steve Jobs, his counterpart at Apple Computer, about working together, a Sirius executive said. But Sirius Chief Financial Officer David J. Frear told a Credit Suisse First Boston conference that the satellite radio service's technology duplicates some of the functions of Apple's iPod music player, which may make a partnership unlikely.
Parsons: AOL to Be Improved, Not Sold
Time Warner chief executive Richard D. Parsons said talks with other companies about America Online are focused on improving the Internet unit's technology and luring more users and advertisers. "We're not sellers of the asset," he told a Credit Suisse First Boston conference in New York. The unit, which has lost 6 million U.S. Web-access subscribers in three years, is the centerpiece of Parsons's plan to reverse a drop in Time Warner stock. The company is in talks with Google and Microsoft about search engine technology.
BlackBerry Maker, NTP Resume Talks
BlackBerry maker Research in Motion has resumed settlement talks with NTP through a mediator, bolstering hopes for a truce in a patent battle that has threatened the popular handheld e-mail service.
RIM and NTP have been "communicating with each other through the court-appointed mediator during the last several days," RIM Vice President Mark Guibert said in a statement.
MERGERS & ACQUISITIONS
Electronic Arts to Buy Mobile Game Firm
Video game giant Electronic Arts has agreed to acquire mobile game provider Jamdat Mobile in a deal worth about $680 million, the companies said. Electronic Arts said it will pay $27 in cash for each share of Jamdat stock and assume outstanding stock options. That would be a 19 percent premium over Jamdat shares' $22.77 closing price.
Jamdat, based in Los Angeles, is one of the world's leading publishers in wireless entertainment applications. Its portfolio includes hit cell phone games such as Tetris, Bejeweled, and Jamdat Bowling.
National Semiconductor said its fiscal second-quarter profit climbed more than 27 percent to $114.7 million. Revenue for the three months ended Nov. 27 rose 21 percent to $544 million.
Compiled from staff and news service reports.