Techmeme
July 19, 2012, 5:20 PM

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Wall Street Journal:
Nokia's Bad Call on Smartphones  —  Frank Nuovo, the former chief designer at Nokia Corp., gave presentations more than a decade ago to wireless carriers and investors that divined the future of the mobile Internet.  —  More than seven years before Apple Inc. rolled out the iPhone …
John Paczkowski / AllThingsD:
Nokia's Bad News Not Completely Horrible — Shares Soar  —  Posting second-quarter earnings this morning, Nokia reported a loss of $1.74 billion and smartphone sales that fell 39 percent to 10.2 million.  Gruesome financials, to be sure.  But, remarkably, Nokia's stock has rallied on them.
Robin Wauters / The Next Web:
Frederic Lardinois / TechCrunch:
Microsoft Posts $492M Q4 2012 Loss Because Of $6.19B aQuantive Writedown, $18.06B Revenue  —  Microsoft just released its Q4 2012 earnings report, posting just $192M in operating income before taxes and its first ever loss ($492M) due to the writedown the company took because of its failed aQuantive acquisition.
Jolie O'Dell / VentureBeat:
Google nabs $12B for Q2, including a tidy billion from new subsidiary Motorola  —  Google has just released the details of its second-quarter earnings: $12.21 billion in total consolidated revenue, around $1.25 billion of which came from Motorola Mobility, now officially owned by Google.
Eric Slivka / MacRumors:
Apple Expands iTunes Movies in the Cloud to Over 35 New Countries [Updated]  —  In addition to today's iTunes Match expansion to Hungary and Poland, Apple has also undertaken a significant expansion of its iTunes in the Cloud feature, adding movies to the list of eligible items in the UK, Canada, Australia, and New Zealand.
BuzzFeed:
The Original iPad Was Gigantic  —  Revealed in court filings (which were first noticed by NetworkWorld) is a prototype/mock up ("035") for an Apple tablet created between 2002 and 2004 — years before the iPad came out.  It still looks like an iPad, but crossed with an old iBook.  And man oh man it is FAT.
Reuters:
Facebook, Wal-Mart chiefs meet to “deepen” relationship  —  (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg is about to add the biggest retail players to his list of friends.  —  Zuckerberg and his senior management team will spend two days at Wal-Mart Stores Inc's Bentonville …
Neil Hughes / AppleInsider:
Made in America: Apple's supply chain increasing US production  —  Over the last year, some of Apple's key component suppliers have begun increasing their U.S.-based production, which could be a sign that more of the iPhone is already made in America than one might think.
More: PadGadget, Macgasm, TUAW and MacNNTweets: @ldignan
Lisa Rapaport / Bloomberg:
Microsoft Hires Pollster Penn To Lead Consumer Initiatives  —  Microsoft Corp. (MSFT) has hired Mark Penn as corporate vice president for strategic and special projects, reporting to Chief Executive Officer Steve Ballmer as the company readies new offerings for the tablet-computer market.
Ben Jones / TorrentFreak:
Bat-Signal Heralds Launch of Internet Defense League  —  The Internet Defense League (IDL) launches today, looking to formalise the action that made such a statement 6 months ago.  Until recently, protests tended to be single-site activities, but opposition to SOPA and PIPA was so widespread …
Steven J. Vaughan-Nichols / ZDNet:
Ubuntu adds WebApps to its Linux desktop  —  Summary: After adding its own cloud service to its Linux desktop, Ubuntu is now integrating Web applications into its currently shipping desktop Linux.  —  Follow @sjvn  —  Portland, OR: At OSCon, Mark Shuttleworth, founder of Canonical …
Brittany Darwell / Inside Facebook:
Facebook testing new Pinterest-inspired design for app stories in News Feed  —  Facebook appears to be testing a layout for Open Graph app stories that is similar in design to Pinterest, with boxes for individual items that allow Likes, comments and other app-specific actions.
More: Mashable!
Dean Takahashi / VentureBeat:
AMD reports weak second quarter earnings on PC market softness  —  Advanced Micro Devices reported relatively weak second-quarter earnings as it suffered more than its share of headaches from a softening personal computer market.  —  The chip maker, which is a perennial No. 2 to Intel …
More: ZDNet and Shiny Objects
Arik Hesseldahl / AllThingsD:
Oracle's Fifth Deal of 2012 Is for Skire  —  Enterprise software giant Oracle made its fifth acquisition of the year.  It announced that it will acquire the assets of Skire, a maker of cloud-based software used to manage capital projects, facilities and real estate.
Dean Takahashi / VentureBeat:
K9 Ventures raises $40M micro-VC fund  —  K9 Ventures has raised $40 million for its second fund, a tech-focused micro-VC fund.  The K9 Ventures II fund will be run by Manu Kumar, who headed the earlier fund.  —  K9 Ventures started invested its first fund of $6.25 million in 2009.
Jennifer Van Grove / VentureBeat:
Microsoft completes $1.2B acquisition of Yammer  —  YammerSoft is a go, folks.  —  Less than one month after officially confirming numerous reports that it was going to buy enterprise social network Yammer, Microsoft today announced that the $1.2 billion deal is in the bag.
John Paczkowski / AllThingsD:
Buyers of Latest iPad More Likely to Use It for Business  —  Whether it's due to increasing adoption of Bring Your Own Device policies or the rising adoption by business of the device itself, Apple's iPad continues to make inroads into enterprise.  —  New research from Consumer Intelligence …

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Nathan Ingraham / The Verge: