Holiday Gift Guide »

Latest Financial/Corporate News News

Intel losing billions on tablet and smartphone chips

Intel is still having hard time competing in the mobile chip business, which is still dominated by Qualcomm and few smaller rivals like MediaTek, NVidia, Allrunner, RockChip and others. In addition, we also have an increasing number of handset makers relying on their own solutions, including Apple, Samsung and Huawei, with ZTE and LG looking to join this trend in the near future. So we’re not surprised to learn how much money Intel keeps losing every year. In 2012, Intel’s mobile chip division lost $1.78 billion, and then $3.15 billion Read more

Amazon acquires comiXology!

Amazon is acquiring digital comics platform comiXology. No numbers have been mentioned in the press release, but chances are the retail giant / infrastructure provider had to pay a hefty premium for the service that has been operating for so long. ComiXology’s mission is to spread the love of comics and graphic novels in all forms. There is no better home for comiXology than Amazon to see this vision through. Working together, we look to accelerate a new age for comic books and graphic novels. Somehow we agree with this Read more

Twitter acquires maker of the Android lock-screen app Cover

The popular lock-screen replacement app for Android Cover has been acquired by Twitter. We’re not sure what they’ll do with the app, and can only hope it won’t be cancelled along the way. Heck, I would imagine Twitter would want to use this technology to cram Twitter feeds to as many phones as possible, even when these devices are not “actively” used. On the other hand, this could be one of those “talent acquisitions” where Twitter is hoping to get the guys who made Cover so popular. But some technology Read more

Apple acquires Novauris to make Siri better understand what you’re saying

Apple keeps acquiring companies left and right to make its products better. Their latest target is speech recognition technology company called Novauris. As that’s usually the case with Apple’s acquisitions, terms of the deal were not disclosed, but it’s only obvious that Cupertino boys want to use Novauris’ technology to “help” Siri better understand what you’re saying. Siri, which is using speech-recognition technology from Nuance, has yet to live up to its promise. According to some reports, up to 4 out of 5 iPhone owners haven’t used the built-in virtual Read more

Lenovo acquires patents from NEC

At one point we thought that Lenovo could acquire NEC. Apparently, the Chinese firm isn’t looking for the Japanese company’s handset portfolio, but its patents. We’ve no information how much Lenovo paid for the privilege, but we do know they got NEC’s 3,800+ patent families filed in numerous countries around the world. The portfolio includes standard essential patents for 3G and LTE mobile technologies as well as patents for features and technologies used in many of today’s smartphones. “A strong patent portfolio is a key element for success in the Read more

Verizon’s Samsung Galaxy S5 Up For Pre-Order, Buy One Get One Free!

The Samsung Galaxy S5 is now up for pre-order over at Verizon. Samsung’s 2014 flagship smartphone will set you back $199.99 after a $50 mail-in rebate with a new two-year contract. Just like Verizon did with the HTC One M8, new Verizon customers will be able to purchase a second GS5 for free after the $50 mail-in rebate. The second GS5 must be under a new two-year contact as well. Verizon will offer the Galaxy S5 in Charcoal Black and Shimmery White colors. As far as plans go, customers will Read more

Ian Kersey

Apple looking to acquire chipmaker Renesas SP Drivers

Apple is apparently looking to acquire Japan-based chip maker for smartphone displays, Renesas SP Drivers. According to a Nikkei report, the Cupertino-based giant is already in talks to buy 55% stake for 50 billion yen ($479 million) in a move that would make it less dependent from some other companies from its supply chain (read: Samsung). Renesas SP Drivers, which provides controllers for iPhone’s LCD screen, is a joint venture between Japanese Renesas and Sharp, and Taiwanese manufacturer Powerchip. If the deal goes through, Sharp would sell its 25% stake Read more

Facebook’s $2 billion acquisition of Oculus VR signals where the social network is going next

We usually see Facebook acquiring apps and services but this time we have something different. Something that could hint us where social network is going next. Facebook’s latest acquisition is Oculus VR, makers of the Oculus Rift virtual reality headset. The deal was valued at $2 billion, $400 million of which will come in cash and the rest in stock. For those who track these things, that’s like two Instagrams. According to Facebook, Oculus will continue to operate independently at its current offices but we’re sure it will move beyond Read more

Microsoft-Nokia deal to close next month

The Microsoft-Nokia deal is expected to close next month, Nokia has announced. As previously communicated, the closing of the transaction — whereby Nokia will sell substantially all of its Devices & Services business and license its patents to Microsoft — is subject to regulatory approvals and other customary closing conditions. The two companies have already received most of the required regulatory approvals, including approvals from the European Commission and the U.S. Department of Justice. Furthermore, Nokia and Microsoft continue to make good progress related to the closing conditions and integration Read more

Lenovo acquires Unwired Planet’s mobile patents

Lenovo is in the mobile game for the long run. The Chinese firm has recently acquired Motorola from Google, and has gotten a number of patents (or licenses) as part of the deal. That, however, isn’t enough for one of the world’s top phone makers. So they’re acquiring Unwired Planet’s mobile patent portfolio that includes technologies related to 3G and 4G LTE connectivity. The deal, which is said to be worth $100 million, was made in cash, pushing Unwired Planet’s stock north as a result. We yet wait to see Read more

FCC approval of AT&T’s acquisition of Cricket comes with few caveats

The Federal Communications Commission (FCC) approved AT&T’s proposed acquisition of Leap Wireless and its assets, including Cricket Wireless. The deal includes 4.6 million customers, spectrum, network equipment and other assets, all of which will be transferred from Leap to AT&T. But, there’s always some “but” in deals like these. If it wants to proceed with the acquisition of Cricket, AT&T will have to agree to the following: AT&T has to divest some spectrum in select markets in southern Texas. AT&T has to deploy LTE on Leap’s unused spectrum within 3 Read more