Well, that did it, I sold the Motorola Droid on eBay for $77.00 more then what I bought it for and have been trying ever since to find out more information on when the phone was going to be released and what the price might be.
I came across the name of the Director of Research and Analysis, Duncan Stewart, DSam Consulting. After searching various different ways I came across two interesting things. The first, an article that he was a source for about Nortel.
In 2006, Nortel sold off 3G wireless operations that had been poised for growth because it did not expect to lead that market. That left the company with equipment for a waning wireless standard and doing R&D on standards that have not yet been adopted, the analyst said.
With roots as old as the telephone itself, Nortel had made prescient wagers in the past on wireless and fiber-optic technology and had become Canada's biggest and most talked-about stock during the dot-com boom years.
Its shares were worth more than C$1,100 apiece in mid-2000 but by the time Nortel announced its Chapter 11 filing they had collapsed to penny-stock status. Customers joined the investor exodus as uncertainty swirled around the company's future.
"You cannot be in perpetual restructure mode and you cannot change your restructuring strategy on a whim," Levy said.
"It was almost a squirrel-like leadership strategy (at Nortel) - look here, look there - you almost can't focus on one spot for too long."
The strategy was toxic when mixed with Nortel's ultra-conservative customers, who make multi-year, multibillion-dollar bets with their purchases, Levy said.
At its peak in 2000, Nortel reported about $30 billion of annual revenue and had a market capitalization of $250 billion. In fiscal 2008, it still spent $1.57 billion on R&D, making it Canada's biggest research spender.
In what has been dubbed by some analysts as death by a thousand cuts, Nortel has slashed jobs from a peak of 95,000 staff to what a company spokesman said is about 25,000 today, and shut down offices and plants around the world.
The company's troubles began in 2001, when demand for its telecommunications and computer equipment slumped, triggering earnings warnings, a collapsing stock and big cost cuts.
Duncan Stewart, an analyst who has followed Nortel for 20 years, said the company's downfall stems from an abrupt drop in prices for its equipment, rather than management stumbles.
"Blaming Nortel executives for failing to foresee the unraveling of the telecom equipment world is like blaming dinosaurs for not anticipating the impact of the meteor strike that changed the planet's climate," said Stewart, an analyst at DSAM Consulting.
Putting one and two together I decided to look for who might be in charge at Google acquisitions of this type. I then located David Lawee, VP Corporate Development. So looking into this I came up with,
SAN FRANCISCO (Reuters) - Google Inc said on Monday that it was acquiring of AdMob, one of the largest mobile advertising networks, for $750 million, widening its bet that cell phone advertising could become the Internet's next-big money maker.
My Conclusion-
So, with these things all appearing to be correct and in the news in the past, one can only conclude that the new Google Android 2.1 phone, the NexusOne, will more then likely be subsidized by Google and for sale for the price tag of the reported findings over the internet in the last 3 days, for $99 to $199.00!
I do believe that the battle between the Apple iPhone and this new Android phone will be one to watch and that this new Android 2.1 phone will either be a close race or may steal the show completely!
