| China BAK Moves Toward HP Supply Deal
China BAK Battery Inc., which makes laptop and electronic device batteries, said Monday it signed a nonbinding letter of intent with Hewlett-Packard Co. that may lead to a supply agreement. Under the terms of the letter, the companies agreed to work toward a definitive agreement in which China BAK would supply lithium ion battery cells to HP China BAK said it agreed, subject to completion of negotiation, to allocate at least half of its monthly cylindrical lithium ion battery cell manufacturing capacity to HP or HP's designated battery pack manufacturers. Shares of China BAK rose $1.23, or 29.2 percent, to $5.44 Monday in after hours trading, following an earlier close at $4.21. The shares have ranged from $2.85 to $8.31 over the past year. Shares of HP rose $1.22, or 2.6 percent, to $48.43.
Apple lawsuits: power adapters, receipts
Two new class action lawsuits have been filed against Apple: one regarding the potential for identity theft allegedly set forth by information contained in online store receipts, and the other claiming that Apple's power adapter design infringes upon two patents for a similarly functioning device. AppleInsider reports that two Miami-Dade County citizens, Angely Maria and Todd Narson, have begun a class action suit in a local court that claims Apple has "recklessly disregarded" consumers' rights to have credit or debit card information kept secret under a section of the US federal government's Fair Credit Reporting Act. That act disallows companies to display a customer's credit or debit card's expiration date, as well more than the last five digits of the card's number. The suit alleges that receipts from Apple's online store have shown more information than allowed under the FCRA.
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The Apple Certified Refurbished 17" PowerBook G4 1.33 MHz I bought in February, 2006 is now 18 months old (in its service life); half-life for the average computer as a front-line machine, and historically, I've found that the 18 month mark tends to be about when the itch to upgrade systems begins to set in. However, not this time. As regular readers know, I love my Pismo PowerBooks, of which I now own two, but I have to say that this big 17" machine is simply the best computer I've ever owned. I only which everything in life worked this well and was as trouble-free, and so far the upgrade itch is staying dormant. I'm in no hurry to move on. I'm certainly more than happy and content with my decision 18 months ago to buy one more PowerPC 'Book rather than taking the plunge with a then just-introduced MacBook Pro, consistent with my "never buy Version 1/Revision A of anything conviction, and I ended up ordering a refurbished 1.33 GHz 17-inch PowerBook from TechRestore.
New Go Mobile tariffs - 'we've arrived'
GO Mobile on Friday launched an entire suite of new tariff plans that are intended to bring home PC-type broadband speeds to your laptop, PDA or mobile phone, wherever you are in Malta and Gozo, including on your boat out at sea. The new tariffs include three very flexible wireless e-mail and Internet packages as well as a bundle that's tailor-made for the business community and which offers both voice and data services. In addition, Go Mobile announced new tariffs for roaming in other European Union countries for both pre-paid and post-paid customers, including data customers, making it the first local mobile telephony operator to implement the ruling handed down by the EU last month. "We are truly excited about these developments," Peter Gauci, director of Go Mobile, told The Sunday Times last week when I visited Go Mobile's head office in Marsa for an in-depth briefing and demonstration by the senior management team ahead of Friday's launch.
Business Briefly
Verizon Wireless has partnered with the Brockton Rox professional baseball team, the South Shore No Place for Hate Coalition, and the White Ribbon Campaign, to strike out hate and violence. The organizations collaborated on a Plymouth County campaign to raise awareness about and reduce violence, which incorporated a wireless phone collection drive. Through its national philanthropic HopeLife program, Verizon Wireless collects used wireless phones, batteries and accessories from any provider and in any condition for recycling through the program. The result is phones with airtime, cash grants and a variety of support programs donated to local shelters, nonprofit organizations and law enforcement agencies that focus on domestic violence prevention. Verizon Wireless PR manager and HopeLine administrator Michael Murphy donated $1,000 cash to Kathy Spears, director of the South Shore Women's Center, for its work to end domestic violence.
Tripp Lite to provide GESOLAR
Tripp Lite has announced a strategic partnership with Green Energy (GESOLAR). The agreement, which was signed by Vipin Sharma, Vice President - EMEA & India Sales, Tripp Lite and Prabiish Thomas, CEO, GESOLAR, stipulates that Tripp Lite will exclusively supply the critical components required for GESOLAR's solar power solutions, which range from streetlights to power systems being used in major industries and government bodies across the region. Under the terms of the contract, Tripp Lite will provide state-of-the-art power back-up UPS units to support a wide range of alternative energy solutions provided by GESOLAR as well as inverters, which convert solar energy into a safe and clean power source for residential, commercial and industrial consumers. Tripp Lite's inverters eliminate the need for specialty appliance, save gas, automatically charge batteries and conserve battery power.
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