Linked by Thom Holwerda on Wed 18th Sep 2013 23:07 UTC
PDAs, Cellphones, Wireless

Cyanogen, makers of popular software based on Android that extends the abilities of smartphones, is making a bid for the mainstream. The four-year-old company, which began as a one-person side project, said today that it has raised $7 million from Benchmark Capital and Redpoint Ventures. The goal is to vault past Blackberry and Windows Phone to become the third-most popular mobile operating system, after traditional Android and iOS. And the company is already closer than you might think.

The announcement blog post has more details and background. This is either the best idea they've ever had, or the beginning of the end. I honestly have no idea which of the two it will be. I like the fact that they might be more popular than Windows Phone though - puts everything into perspective, doesn't it?

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RE[4]: Comment by Nelson
by Nelson on Thu 19th Sep 2013 21:07 UTC in reply to "RE[3]: Comment by Nelson"
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I love how you and the ones who think like you seem to pretend all was rosy with Symbian and completely disregard the collapsing stock price and market share. Symbian market share was in freefall a full year before Windows Phone was in the picture -- so was the stock price. Shareholder value was going down the drain.

Elop inherited a terrible situation, a deteriorating cash position and a company who's sales were contracting (but fixed expenses were not).

Re: Android

It would have taken longer to bring one to market, especially without the investment and engineering resources from Google. They also bet on the wrong horse, with TI deciding to up and abandon mobile chips which threw off their MeeGo efforts.

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