After an uncertain few months, it looks like JooJoo/CrunchPad maker Fusion Garage is going under. According to a leaked document sent to Business Insider, creditors are preparing to force the company into liquidation. The total owed to investors by FusionGarage is said to be in the neighborhood of $40 million. 
FCC Chairman Julius Genachowski has thrown up another roadblock in the path of AT&T’s plan to get its hand on T-Mobile USA. The FCC Chair voiced concerns over the proposed merger back around the time the DOJ filed a lawsuit seeking to block the deal. Now Genachowski has requested official hearings to take place should that suit fail to stop the merger. AT&T’s legal counsel got a little snippy upon hearing the news.
As the big four US carriers continue to raise prices and cap data, an increasingly competitive pre-paid market is being created. Pre-paid services like Boost and Virgin Mobile are starting to pull some more budget-minded consumers away, but T-Mobile is looking to staunch the bleeding with its new monthly 4G plan sold through Walmart.
There have been an number of reports in recent days about the supposed loss of an iPhone 5 prototype in, you guessed it, a bar. Today, a Bernal Heights man has told SFWeekly that Apple employees impersonating police searched his home in July. If true, the Apple investigators could be charged and sentenced to as much as a year in jail.
Verizon Wireless has confirmed today that as of April 17th, customers will no longer have the option of signing up for 1-year contracts. According to Big Red, the change is being made to simplify choices and because most people choose the 2-year option with larger phone subsidy anyway. Mont-to-month, prepaid, and 2-year contracts are continuing unchanged.
At first glance, a new study commissioned by the wireless industry seems reasonable. The study was done by Recon Analytics based on data acquired by Neilson Company. The numbers indicate that only 0.3% of US wireless customers would benefit financially from switching to a higher voice plan, rather than paying occasional overages. Sure, the numbers don't lie, but it’s the final conclusion of the reports that's got us scratching our heads.
Pundits have ruminated on this before, but sources have told Bloomberg that a Sprint acquisition of T-Mobile USA is a distinct possibility. T-Mobile USA parent company Deutsche Telekom has reportedly been in talks with Sprint for several months, but the deal may not go through. The valuation of T-Mobile is in dispute in light of a fourth quarter drop in profits.
According to CrunchGear, Sony may be preparing to step up the image quality of smartphone and point-and-shoot cameras with a new 17.7MP CMOS sensor. It's not just the crazy-high resolution of the sensor that makes this imaging gear special, the sensor is reportedly able to "convert multiple pixels into single pixels simultaneously" making image compression 75% faster, reports The Nikkei.
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