Tainted Yeddyurappa finally resigns as Karnataka CM

Bangalore, July 31 (ANI): After almost three days of suspense, a defiant Karnataka Chief Minister B. S. Yeddyurappa, who has been indicted in Lokayukta Justice (retired) N. Santosh Hegde's report on illegal mining, finally submitted his resignation to Governor HR Bhardwaj here on Sunday.

Yeddyurappa was accompanied by scores of party activists and supporters on his way to the Raj Bhavan here.

Yeddyurappa's son B Y Raghavendra earlier today said that his father has resigned from his post, and added that he has faxed his resignation to the Bharatiya Janata Party (BJP) High Command after being indicted in the illegal mining scam.

"He (B S Yeddyurappa) has already resigned from his office today morning. He has faxed his resignation to the high command," said Raghavendra.

Yeddyurappa issued a statement on late Thursday night, saying he will tender his resignation on July 31.

Apart from Yeddyurappa, mining barons Reddy brothers and several other influential leaders are reportedly involved in illegal mining in Karnataka as per Lokayukta Justice (retired) N. Santosh Hegde's report on illegal mining.

Apple now has more cash than the U.S. government

According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That's still a lot of money, but it's less than what Steve Jobs has lying around.

Tech juggernaut Apple had a whopping $76.2 billion in cash and marketable securities at the end of June, according to its last earnings report. Unlike the U.S. government, which is scrambling to avoid defaulting on its debt, Apple takes in more money than it spends.

This symbolic feat -- the world's most highly valued tech company surpassing the fiscal strength of the world's most powerful nation -- is just the latest pinnacle for Apple, which has been on an unprecedented roll.

Its Macs, iPhones and iPads remain hot sellers, its stock has surged past $400 a share and Apple just became the world's largest smartphone vendor by volume.

There's been a lot of speculation about what Apple might buy with its piles of cash -- Facebook and Sony being two of the more high-profile examples -- but the company doesn't seem to be in any hurry to make a move.

"We don't let the cash burn a hole in the pocket or make stupid acquisitions," CEO Jobs said last fall. "We'd like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future."

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Motorola's Android tablet sales fizzle out

(WIRED) -- Motorola announced dismal device sales in its earnings report on Thursday, with tablets faring near the worst among the company's products.

The company shipped 11 million mobile devices over the past three months, according to the quarterly statement. Yet only 440,000 of those were tablet devices.

In other words, the Motorola Xoom Android tablet flopped big time.

Out of the remaining 10.56 million devices shipped, 4.4 million of those were smartphones. That number of course pales in comparison to Apple's 20-plus million iPhones sold last quarter, and even to the 5 million Samsung Galaxy S2 smartphones sold in the first three months of the phone's release. Especially considering that's 4.4 million across all of Motorola's device models.
 

It's a quarter of rough numbers for the company, which of course is facing competition on all sides.

For perspective's sake, compare the 440,000 Xoom tablets with Apple's numbers this quarter: The Cupertino giant sold 9.25 million iPads over the last quarter, almost 20 times the number of Motorola's Xooms.

And it's important to note that when Motorola says 440,000 units "shipped," that signifies the number of devices sold to retail stores, not to customers. It's difficult to determine how many actual sales to customers occurred without further detail.
 

And even if the iPad weren't doing so well, the Xoom is still competing with the myriad Android tablets available from other hardware manufacturers.

Still, it's not all doom and gloom for the U.S.-based mobile device manufacturer. Smartphone sales are up from 2.7 million during the same time period last year, which is nothing to scoff at.

WIRED: Motorola's Droid 3 wants to kill your Blackberry

But with the majority of phone sales being "dumbphones" -- or relatively low-end cellular devices -- the company's strategy of relying heavily on smartphone sales as a strength has yet to pan out.

With any luck, the company will be able to turn things around as more smartphone devices debut in the fall. Motorola CEO Sanjay Jha announced that the Droid Bionic -- a highly anticipated dual-core smartphone which was pushed back to the drawing board for further improvements -- will debut some time in September.