EMC to Pay Up to $2.5 Billion to Dell if It Opts for Rival Bid.

EMC Corp said it would pay Dell Inc up to $2.5 billion in termination fees if the data-storage company accepts a "superior proposal".
The company will have to pay about $2 billion (roughly Rs. 13,026 crores) before the expiry of the 60-day 'go-shop' period, during which EMC can solicit other bids, and $2.5 billion after the expiry on December 12.
EMC said Dell had secured financing of up to $49.5 billion (roughly Rs. 3,22,404 crores) from banks to fund the roughly $67 billion deal announced on Monday.
While IBM Corp, Cisco Systems Inc, Oracle Corp and Hewlett-Packard Co could be potential suitors for EMC, the chances of them challenging Dell with a rival offer are slim, people familiar with the matter told Reuters on Monday.
Dell's offer is structured in a way that will also give EMC shareholders a special stock that tracks the share price in cloud-based virtualization software maker VMware Inc, which is majority-owned by EMC.
Upon closure of the deal, EMC shareholders will own about 53 percent of VMware, Dell and its investors will have a 28 percent stake and existing shareholders will hold the rest.
VMware will remain a publicly traded company.
Analysts have said that Dell's plan to create a VMware tracking stock will likely hit the virtualization software company's price as the size of the float increases.
EMC will also pay an additional $2.5 billion (roughly Rs. 16,283 crores) if it enters into a deal with another company within 12 months of terminating the deal with Dell.
Dell - which has secured financing from banks including Credit Suisse, J.P. Morgan and Barclays - may have to pay EMC a termination fee of up to $6 billion (roughly Rs. 39,079 crores), EMC said in a regulatory filing.
Dell, through a holding company called Denali Holding Inc, has also obtained up to $4.25 billion (roughly Rs. 27,681 crores) from Michael Dell and partners, including private equity firm Silver Lake, EMC said.
EMC shares were down 1.3 percent at $27.97 in morning trading on the New York Stock Exchange, while VMware shares were down 3.6 percent at $69.66.

Virtual reality set to transform filmmaking

Chris Milk stepped onto a TED Conference stage and took the audience on an awe-inducing trip into the future of movies. While much of the early attention on virtual reality has focused on use of the immersive technology in video games, Milk and his US startup Vrse are using it to transform storytelling and filmgoing. "We have just started to scratch the surface of the true power of virtual reality," Milk said. "It's not a video game peripheral. It connects humans to other humans in a profound way... I think virtual reality has the potential to actually change the world." He had everyone in the Vancouver audience at TED , which ended Friday, hold Google Cardboard viewers to their eyes for what was billed as the world's collective virtual reality experience. Google Cardboard gear is literally that -- cardboard

Explained: Camera Improvements in the New HTC 10

With the HTC 10, the Taiwanese company is promising to undo the past wrongs in the cameras of its previous flagship phones. The camera has long a weak point in HTC devices. At first, HTC sacrificed image resolution in the M8 and made the size of individual pixels larger to capture more light (what HTC called Ultrapixel). But the resulting 4 megapixel images were often fuzzy, especially when cropped or enlarged. To fix the issue, in its next flagship - the M9 - HTC went with smaller individual pixels in a 20-megapixel camera last year, but it still underperformed in extreme situations, such as indoors and close-ups. In the HTC 10, the company attempts to strike a balance with larger individual pixels (1.55µm), but not as large as before and a 12 megapixel sensor in its camera coupled with a ƒ/1.8 lens. HTC accepts that in the imaging performance in the M9 was not up to the kind of spec of what they really like to see in a flagship. HTC is giving a slight boost to the selfi...

Freedom 251: 30,000 Units Sold, Components for Up to 2.5 Million Will Be Imported

Ringing Bells, the makers of the Rs. 251 smartphone - the Freedom 251 - confirmed to Gadgets 360 on Tuesday that it has still only accepted payments for 30,000 units of the phone. It also added that the components for these phones will be imported, and only assembled in India, not made here. Ringing Bells stopped accepting orders on February 19, and claims to have received over 70 million registrations. The company President and Director both repeatedly stated that the price of the phone would be made possible through economies of scale, and making the phone in India to cut out import costs. Economies of scale? However, in a discussion with Gadgets 360 the company revealed that it had only sold 30,000 units of the phone on day one. The company has now confirmed that it has not sent out the payment emails to anyone else who registered - "we were working out details of cash on delivery, which we are announcing now, so we will be sending emails to the first 2.5...

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