Intel Acquires Telmap to Help Navigate Through a Crowded App Market

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Intel provided a major update on its plans in the mobile space this week, including the announcement that it has acquired Telmap, an Israeli location-based services company.

In addition, at an event it hosted for mobile developers in Seattle, the chipmaker said it was no longer supporting MeeGo, a Linux-based operating system, and instead was now focusing on an operating system called Tizen in partnership with Samsung.

The new operating system, which is based on Linux, will focus on supporting HTML5 to better compete in the future against with Android and Apple.

HP’s New CEO Takes $1 Annual Salary and Lots of Stock Options

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Along side the exit package for former CEO Léo Apotheker just announced, Hewlett-Packard also disclosed the compensation package for its new CEO, Meg Whitman. Here are the highlights:

• A base salary of $1 per year. In doing so she’s following the example of another well-known CEO who just stepped down from his job: Former Apple CEO and now Chairman Steve Jobs.
• An option to purchase 1.9 million shares of HP under its 2004 stock incentive plan. The exercise price would be equal to the market value of the share price on the grant date. The options will vest over eight years, but are considered fully vested only if HP’s share price rises by 40 percent or more. As of today that number of shares is worth $45.2 million.

Apple to unveil Iphone next Week

Apple Inc looks set next week to unveil its much-awaited new iPhone, which analysts say will have a bigger screen and work better with remote computing services.

Apple on Tuesday invited med

ia to a “special event” called “Let’s talk iPhone” on Oct. 4 at its Cupertino, California headquarters, an unusual location for a company that typically introduces major products at larger venues in San Francisco.

The invitation did not have any other details, and an Apple spokesman would not provide further information.

“This is the iPhone 5,” ThinkEquity analyst Mark McKechnie said of the event.