Atlanta, Georgia based law firm Holzer Holzer & Fistel, LLC announced on Monday that it has launched an investigation into possible federal securities law violations made by cell phone maker Research In Motion. The firm claims that its investigation will focus on whether a series of statements made between December 2010 and April 2011 were intentionally false and misleading. The statements in question dealt with problems associated with RIM’s aging product line that were negatively impacting the company’s business, the firm said in a press release. In March of this year, Holzer Holzer & Fistel, LLC launched a similar investigation into Palm surrounding statements the company made before it was acquired by HP.
As sure as The Wall Street Journal’s sources were that Apple was cooking up a miniature iPhone for release in the near future is as sure The New York Times seems to be that the iPhone nano’s future isn’t very near. The Times says Apple is indeed pondering a cheaper iPhone model, but it won’t be any smaller in size. The report does not delve deeply into how Apple might make a less expensive iPhone model, though it does suggest Apple might opt for cheaper internal parts such as a lower-quality camera and smaller memory modules. Apple is currently focused on finishing its next-generation iPhone, however, which will launch this summer. The device will be approximately the same size as the iPhone 4, the report states, and it may offer more robust voice controls. The Times also says Apple will soon expand its MobileMe services and make them free for iPhone users, which jibes with earlier reports. More →
Last week, reports emerged of a Texas man whose Motorola DROID 2 injured him when it allegedly exploded next to his ear during a call. Today, PCMag reports that a source within Motorola told the publication that the man’s claims are likely false. While PCMag’s source is not involved with the investigation and has not inspected the device personally, he claims that the DROID 2 in question “was a phone that got dropped. [T]he guy didn’t notice the glass had cracked [...] so when he put it to his ear, he cut himself.” This explanation doesn’t account for the loud pop the man heard when he put the phone to his ear, but images of the device certainly don’t give any indication that an explosion occurred. PCMag’s source goes on to say, “[T]he only things that could explode in a phone would have resulted in a phone that did not work, yet this phone worked. And there was no explosive damage to the device (things inside blown outward, etc).” Motorola has not publicly addressed the incident since stating last Friday that it would launch an investigation into the matter. More →