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SAN FRANCISCO, April 4 (Xinhua) -- Google Inc. on Monday announced that it is bidding for patent portfolio of Nortel Networks in the bankruptcy auction for the Canadian telecommunications equipment maker.In a press release, the Toronto-based Nortel said Google has agreed to buy all of its remaining patents and patent applications for 900 million U.S. dollars in cash.Nortel, which filed for bankruptcy protection in 2009, expects the auction to be held in June this year, pending Canadian and U.S. court approvals.Nortel has selected Google's bid as the "stalking-horse bid," or the starting point against which others will bid prior to the auction.The agreement with Google includes the planned sale of about 6, 000 Nortel patents and patent applications spanning wireless, wireless 4G, data networking, optical, voice, Internet, service provider and semiconductors.According to Nortel, the patent portfolio touches nearly every aspect of telecommunications and additional markets, including Internet search and social networking."This is an unprecedented opportunity to acquire one of the most extensive and compelling patent portfolios to ever come on the market," George Riedel, Nortel's chief strategy officer, said in a statement.Google argued that the bid would help protect it from patent litigation and foster innovation.The technology industry has recently seen an explosion in patent litigation, often involving low-quality software patents, which threatens to stifle innovation, Kent Walker, Google's general counsel, said in a blog post, believing the best defense against such litigation is to have a "formidable patent portfolio. ""So after a lot of thought, we've decided to bid for Nortel's patent portfolio in the company's bankruptcy auction," he said."If successful, we hope this portfolio will not only create a disincentive for others to sue Google, but also help us, our partners and the open source community -- which is integrally involved in projects like Android and Chrome -- continue to innovate," Walker noted.
HOUSTON, May 2 (Xinhua) -- The Offshore Techonology Conference, one of the world's largest offshore technology shows, kicked off here Monday.The five-day event, which attracted an estimated 72,000 victors from all around the world, not only provided a platform for the about 2,400 participating companies from 40 countries to lure visitors with their newest products and technologies, but also for the them to share insights and discuss issues the industry is facing.On Monday, a number of companies, including Halliburton and Baker Hughes, received the Spotlight on New Technology Award by the OTC for their new products and solutions.Founded in 1969, the annual Offshore Technology Conference is the world's foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. OTC is held annually at Reliant Center in Houston.

BEIJING, March 28 (Xinhuanet) -- Google Inc. is working with MasterCard Inc. and Citigroup Inc to develop a technology that could make mobile payments, according to media reports Monday.The new technology named "Nexus S Android" is embedded in Android mobile devices and allows customers to make purchases by waving their smartphones in front of a small reader at the checkout counter.Credit-card reader producer VeriFone Systems Inc, also involved in the new payment service, is developing contact-less devices that could allow people to pay with a wave or tap of credit card or a tap of smartphone.To use the service, holders of Citigroup-issued debit and credit cards must activate a mobile-payment application developed for one current model of Android phones. More models will be coming as the technology advances.Besides mobile payment, consumers would also be able to get targeted ads or discount offers, manage credit-card accounts and track spending through an application on their smartphones.Due to the deliberate design of the technology, customers have no need to worry about the security of their payment information. Nick Holland, a mobile-transactions analyst at Yankee Group, said the new technology is more sophisticated than credit cards with a magnetic stripe.With the coming service, Google is aiming to boost its advertising business by offering retailers more data about their customers and help them target ads and discount offers to mobile-device users near their stores.An insider told that Google was not expected to get a cut of the transaction fees.The service is expected to be released this year. Once released, it will broaden the uses of smartphones for everyday activities—from chatting to emailing to shopping.
BEIJING, Feb. 14 (Xinhua) -- China's meteorological authority announced on Monday that it has received 7.5 million yuan from the country's Ministry of Finance to strengthen its efforts in fighting persistent drought in some regions.The fund would be used to support efforts by meteorological departments in Shanxi, Hebei, Anhui, Shandong, and Henan provinces, all major crop-producing regions, to conduct activities for seeding clouds and making artificial rain, according to a statement posted on the National Meteorological Administration website.Government data shows that a prolonged drought since last October had affected 108.24 million mu (7.22 million hectares) of wheat crops in those provinces, as well as Jiangsu, Shaanxi and Gansu provinces, as of Sunday.The statement added that some of the affected regions experienced two rounds of snowfall last week, which were helpful in alleviating the drought. However, the major wheat-growing provinces of Shandong and Henan recorded no rainfall.The country's meteorological authority also predicted no significant rainfall or heavy snowfall for the dry regions over the next three days. (One U.S. dollar equals roughly 6.6 yuan.)
BAODING, Feb. 2, (Xinhua) -- All-out efforts should be made to combat drought for a summer grain harvest, said Chinese President Hu Jintao Wednesday in an inspection tour to north China's Hebei Province."We need to adopt comprehensive measures to ensure supply of capital, technologies, facilities and materials to enable winter wheat to safely grow through the winter," said Hu, when inspecting drought conditions at a wheat field in Xishanbei Township of Baoding City, Hebei.Over the past three months, North China has been hit by severe drought, seriously threatening normal agricultural production.Hu, who is also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the inspection visit in Baoding from Tuesday to Wednesday, to welcome the Spring Festival, or China's Lunar New Year, with local officials and residents.Hu beat a drum together with villagers during a new year celebration in Shijiatong Village, Xishanbei Township of Baoding.The president visited the home of Yan Deshu, an aged CPC member in the village, and pasted the Chinese character "Fu", meaning fortune and happiness, on the gate of Yan's yard.Hu also visited a long-distance coach station in Baoding, and extended Spring Festival greetings to passengers, station workers and volunteers.Hu inspected a unit of armed police in Baoding and made Chinese dumplings together with the officers and soldiers.
来源:资阳报