Before the bell: BAC investment in CFC gives market a boostReuters reports that Paris Match magazine was told by a leading executive at France Telecom several companies were in talks with Apple Inc. (NADSAQ: AAPL) over marketing Apple's iPhone in Europe. While a deal wasn't reached yet with France Telecom's mobile unit Orange, the Financial Times Deutschland reported earlier this week that Deutsche Telekom's mobile phone unit, T-Mobile, had agreed to a deal. The deal, according to the magazine, includes T-Mobile giving Apple 10% of the revenue it makes from calls and data transfers by customers over iPhones. O2 unit of Spain's Telefonica is also said to have agreed to a deal with Apple.
Meanwhile, Apple has a month left to achieve Jobs' stated goal of selling 1 million iPhone units by the end of the quarter (Sep. 30). Analysts are only slightly more bullish than that. Still, some expect sales to reach 1.5 million units by the end of the quarter.
As Ford Motor Co. (NYSE: F) CEO Alan Mulally about to enter the second year at his job, he said yesterday that volatility in global credit markets was a concern in its disposal of British luxury brands Jaguar and Land Rover. Still, Mulally expects the process to continue at current pace of interest. Also referring to the automaker's plan to turn around the company, Mulally said current U.S. economic conditions were a "headwind."
Nokia Corp. (NYSE: NOK) handsets, Nokia S60 , will carry Microsoft Corp.'s (NASDAQ: MSFT) Windows Live suite of Web-based services in 11 countries, mostly in Europe. Initially a free trial, the services will then be asked to pay a monthly fee in some markets.
According to IDC, in the server computer market, Dell Inc. (NASDAQ: DELL) had the fastest revenue growth in the second quarter, outpacing International Business Machines Corp. (NYSE: IBM), Hewlett-Packard Co. (NYSE: HPQ) and Sun Microsystems, Inc. (NASDAQ: SUNW). Dell's rrevenue from the sales of servers jumped 20.2% but it remained in fourth place in overall share of the market at 11.6%. IBM's server-revenue grew 6.4% to $4.07 billion as it kept the to top spot in market share with 31%. HP's server revenue rose 8% to $3.71 billion, keeping it in second place with 28.2% of the worldwide server market. Sun Microsystems also kept its third place with server revenue rising 5.6% to $1.71 billion and a 13% of the market.










