The wireless industry can’t seem to decide if mobile devices will be hard hit because of the economic recession or not. While some say cell phones have become essential and are, therefore, recession proof, the latest report from the Opinion Research Corporation for the New Millennium Research Council indicates that millions of Americans are in fact on the verge of disconnecting their expensive wireless service plans. Based on its survey, two out of five Americans with contract-based cell phones, totaling 39% or 60.3 million, are likely to cut back on their cell phones to save money if the economy gets worse over the next six months (which, let’s face it, it will). more

Here’s what RBC Capital Markets analyst Mark Sue had to say today about Cisco’s decision to acquire Pure Digital Technologies:
“It’s not the best way to spend $590M, in our view, but then again Cisco has $29.5B in cash and needs to strengthen its relevance in the consumer device market.”
more