Sprint Nextel Corp. backed off of plans to offer Google Inc.'s Nexus One mobile phone, the second U.S. carrier within two weeks to abandon the device in favor of other handsets powered by the Android operating system. Sprint will instead focus on the HTC Corp. Evo phone, which is set to debut this year and run on fourth-generation, or 4G, networks. The decision to withhold sales of the Nexus One denies Mountain View-based Google access to more than 138 million wireless customers on the networks of Sprint and Verizon Wireless, which last month decided against plans to sell the device.
Phones with Google's Android commanded 28 percent of the U.S. market during the first three months of the year, compared with 21 percent for those with Cupertino-based Apple Inc.'s operating system, according to New York-based NPD Group Inc. Phones with Research In Motion Ltd.'s operating system had a 36 percent market share.
Pleasanton-based Polycom Inc., a billion-dollar company that is one of the East Bay's biggest public corporations, has named a new chief executive officer, Andrew Miller, effective immediately. Miller, a former executive with Cisco Systems and Tanberg, replaces Robert Hagerty, who is stepping down as chairman, president and CEO of the video conferencing and telepresence company. Lately, Polycom has been the subject of off and on rumors of a takeover. Miller joined Polycom in 2009 as executive vice president of Global Field Operations, and is credited with leading several successful Polycom initiatives. During the most recent 12 months, Polycom generated $1.02 billion in revenue and earned $47.3 million.
Pleasanton-based Safeway Inc. appointed Kelly Griffith to president for merchandising. He will report to Diane Dietz, the supermarket chain's chief marketing officer. Griffith will oversee Safeway's entire perishable and non-perishable business units including grocery, general merchandise, produce, meat, seafood, bakery, food service and floral.
Zale Corp., the third-largest U.S. jeweler, received a $150 million loan from San Francisco-based Golden Gate Capital Corp., which in return gets warrants to purchase 25 percent of Zale stock and two representatives elected to its board. Texas-based Zale sought capital earlier this year after a slump in consumer spending contributed to seven straight quarters of losses.
Compiled from staff and wire reports.
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