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[3]: Comment by Nelson
by ndrw on Thu 19th Sep 2013 20:32 UTC in reply to "RE[2]: Comment by Nelson"
Member since:

Hardly an achievement.

They could have sold the company back in 2010 and get more money than now (read: everything they have done since 2010 had negative value).

Or they could have kept shipping Symbian phones and release about anything on Android (read: do close to nothing) and actually earn some money.

Or they could have tried to push their own system (which they already had!) - more difficult but potentially far more profitable.

Instead, they have chosen to destroy their own business and sell it for a small fraction of its former value.


Reply Parent Score: 5

RE[4]: Comment by Nelson
by Nelson on Thu 19th Sep 2013 21:07 in reply to "RE[3]: Comment by Nelson"
Nelson Member since:

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.

Reply Parent Score: 3

RE[5]: Comment by Nelson
by jgfenix on Thu 19th Sep 2013 21:38 in reply to "RE[4]: Comment by Nelson"
jgfenix Member since:

Nokia was one of the greatest contribuutors to Linux. They could launch a Android phone fastest than anyone else without help.

Reply Parent Score: 3

RE[5]: Comment by Nelson
by zima on Sun 22nd Sep 2013 14:13 in reply to "RE[4]: Comment by Nelson"
zima Member since:

I predict this will be worse than Amiga mythos...

Reply Parent Score: 2