Today in Tech: Nokia's Hail Mary

October 27, 2011: 3:30 AM ET

Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.

* As previously rumored, Nokia (NOK) announced two new Windows-based smartphones yesterday: the Lumia 800 and the cheaper Lumia 710, both destined for parts of Europe and Asia, with other models presumably coming stateside early next year. Dave Goldman over at CNNMoney has the inside scoop. (CNNMoney)

* Apple (AAPL) filed its Form 10-K, revealing that it now has nearly $82 billion in cash, market securities, and cash equivalents, 13.2 million square feet of building space -- 3 million of which belong to its numerous U.S. retail stores -- and 60,000 employees. (The Next Web)

* Groupon CEO Andrew Mason told investors that the daily deals site is replacing the worst 10% of its sales staff in hopes of nabbing better deals from merchants and ensuring further company growth. (Reuters)

* Netflix (NFLX) shares may still be struggling, but there's one area where it's leading, and that's Internet bandwidth. As per the 2011 Sandvine Internet Phenomena Report, the streaming service hogged 32% of of all "peak downstream traffic," followed closely by the likes of YouTube and BitTorrent. (VentureBeat)

* According to Google's (GOOG) latest quarterly SEC filing, the Internet giant paid $151 million for Zagat, significantly more than the $125 million previously reported by The Wall Street Journal. (Business Insider)

* Could Akamai's David Kenny be Carol Bartz's replacement over at Yahoo (YHOO)? It's even more possible now that Kenny has stepped down from his role as president after only a year on the job. All Things D reports Kenny's name has come up during the search; he's also already a company board member. (All Things D)

* Why Amazon (AMZN) is happy burning money on its upcoming Kindle Fire tablet. (All Things D)

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About This Author
JP Mangalindan
JP Mangalindan
Writer, Fortune

JP Mangalindan is a San Francisco-based writer at Fortune, covering Silicon Valley. Since joining in 2010, he has written on a wide array of topics, from the turnaround of eBay to the evolution of net neutrality. A graduate of Fordham University, Mangalindan has also written for GQ, Popular Science, and Entertainment Weekly.

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