Dec 12

FCC restarts review clock for AT&T’s spectrum purchase, gives itself 180 days

Posted in: att, business, carrier, deal, government, industry, lte, mobilepostcross, money, network, qualcomm, t-mobile, Today's Chili
Back in August, the FCC decided to freeze the 180-day review clock on AT&T’s proposed acquisition of Qualcomm’s 700 MHz spectrum, citing lingering concerns over the carrier’s ongoing T-Mobile saga. Now that AT&T and Deutsche Telekom have withdrawn their merger application, however, the Commission has decided to re-open the review period for the Qualcomm acquisition, giving itself a fresh 180 days to make a decision. In a letter published Friday, Wireless Bureau chief Rick Kaplan announced that the timetable would be reset, with a retroactive start date of November 29th — the very day that the FCC granted AT&T’s pullout from the T-Mobile deal. No word yet on when we can expect a decision, but we’ll be keeping an eye out for the latest developments. Read the letter in full at the source link below.

FCC restarts review clock for AT&T’s spectrum purchase, gives itself 180 days originally appeared on Engadget on Mon, 12 Dec 2011 12:41:00 EDT. Please see our terms for use of feeds.

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Nov 02

Lenovo posts Q2 earnings, sees increase in profits, shipments and market share

Posted in: business, earnings, financials, lenovo, money, sales, Today's Chili

The quarterly earnings stats just keep rolling in today — this time, from Lenovo, which has just posted yet another stellar report. According to the company, profits for the second quarter of this year reached $145 million, marking an 89 percent increase over the same period last year. Consolidated sales, meanwhile, rose by 35.8 percent to a record $7.8 billion, giving Lenovo a worldwide quarterly market share of 13.5 percent, also its highest ever. Laptops, not surprisingly, were at the forefront of this surge, accounting for 57.5 percent of the company’s total revenue, with PC shipments rising 35.4 percent over the year. Lenovo also saw a 25.4 percent increase in shipments to China, as well as a 54.5 percent year-over-year increase in shipments to mature markets, including Western Europe and the US. For more statistical delights, check out the full PR, after the break.

Continue reading Lenovo posts Q2 earnings, sees increase in profits, shipments and market share

Lenovo posts Q2 earnings, sees increase in profits, shipments and market share originally appeared on Engadget on Wed, 02 Nov 2011 04:56:00 EDT. Please see our terms for use of feeds.

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Nov 02

Sony posts $350 million loss in Q2 earnings report, forecasts full-year loss

Posted in: business, earnings, financials, hdpostcross, industry, Japan, minipost, mobilepostcross, money, sales, smartphone, sony, Sony Ericsson, SonyEricsson, Today's Chili, TV
Sony‘s Q2 earnings have just come in and, as you might guess, they’re not particularly glowing. A few days after announcing plans to buy out Ericsson’s stake in Sony Ericsson, the manufacturer posted a quarterly loss of ¥27 billion ($346 million) today, compared with a net income of ¥31.1 billion during the same quarter last year. Last quarter, the firm posted a net loss of ¥15.5 billion, or about $200 million. Sony attributed much of this decline to a stronger yen, lower TV sales and recent flooding in Thailand, which has disrupted its supply chain. On this basis, the company lowered its full year forecast, predicting a net loss of ¥90 billion ($1.2 billion), compared with a net profit of ¥60 billion that it had previously expected. It appears, then, that Sony’s TV division is primed to post an annual loss for the 8th straight year, which would certainly explain those plans for a forthcoming shakeup. Find the full report at the source link, below.

Sony posts $350 million loss in Q2 earnings report, forecasts full-year loss originally appeared on Engadget on Wed, 02 Nov 2011 04:13:00 EDT. Please see our terms for use of feeds.

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Nov 01

Zediva ordered to permanently shut down operations, pay $1.8 million to MPAA

Posted in: hdpostcross, Law, lawsuit, money, netflix, streaming, Today's Chili, video
The last time we checked in with Zediva, the DVD streaming service was reeling from a court-ordered preliminary injunction that effectively brought its operations to a halt. At the time, the California-based company was still pinning its hopes on the promise of a forthcoming appeal, but those hopes were summarily quashed on Friday, when US District Judge John Walter rendered the injunction permanent. Zediva had previously exposed an apparent loophole in US copyright law, by allowing users to stream movies from physical DVDs located in Silicon Valley. This strategy allowed the firm to offer newly released movies well before other on-demand services, but according to Judge Walter, it was also illegal. Zediva will now have to cease all operations and pay $1.8 million in damages to the MPAA. The defendant has yet to comment on the decision, but MPAA Associate General Counsel Dan Robbins seemed understandably delighted: “This result sends a strong message to those who would exploit the studios’ works in violation of copyright law, on the Internet or elsewhere, and it is an important victory for the more than 2 million American men and women whose livelihoods depend on a thriving film and television industry.”

Zediva ordered to permanently shut down operations, pay $1.8 million to MPAA originally appeared on Engadget on Tue, 01 Nov 2011 15:16:00 EDT. Please see our terms for use of feeds.

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Oct 31

Cablevision reports Q3 earnings, sees profit fall by 65 percent, drop in video subscribers

Posted in: business, cable, earnings, financial, financials, hdpostmini, industry, money, new-york, Today's Chili, video

It’s safe to say that Q3 2011 probably won’t be remembered as Cablevision‘s finest. According to the provider’s latest earnings report, profits declined by a full 65 percent over the year, with net income plunging to $39.3 million this quarter, compared with the $112.1 million it raked in during the third quarter of 2010. The company also reported a loss of 19,000 video subscribers during Q3, though it added 17,000 broadband customers and 38,000 telephone subscribers. Total customers, however, declined by 15,000 over the past three months. Revenue, meanwhile, increased by eight percent to $1.7 billion, though the New York-area operator lost about $16 million to Hurricane Irene — not to mention all those legal fees. Smell that? That’s a big platter of PR, sitting right there after the break.

Continue reading Cablevision reports Q3 earnings, sees profit fall by 65 percent, drop in video subscribers

Cablevision reports Q3 earnings, sees profit fall by 65 percent, drop in video subscribers originally appeared on Engadget on Mon, 31 Oct 2011 07:01:00 EDT. Please see our terms for use of feeds.

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Oct 31

Hon Hai sees profit fall nine percent in Q3, pins hopes on new Chinese factories

Posted in: Apple, business, earnings, financial, financials, iPhone, iphone 4s, minipost, money, Today's Chili
Hon Hai Precision Holdings has just released its Q3 earnings report, and it probably did so with a whimper. That’s because net profits fell to NT$19.2 billion (about $614 million) this quarter, marking an 8.6 percent decline from Q3 2010, when Hon Hai (aka Foxconn) reported a net income of NT$21 billion (around $702 million). The company blamed the decline on a slow economic recovery and its ongoing expansion in China, where new factories are being constructed across inland areas like Chengdu, Wuhan and Zhengzhou. These costs are still taking a toll on Hon Hai’s bottom line, though analysts say the expansion could pay off in the long-run, thanks to the lower wages that Hon Hai will have to pay to maintain operations in these less affluent regions. Some are also hopeful that the iPhone 4S will help spur production heading into Q4 of this year, though its ultimate effect, of course, remains to be seen. Hit up the links below for more details and analysis.

Hon Hai sees profit fall nine percent in Q3, pins hopes on new Chinese factories originally appeared on Engadget on Mon, 31 Oct 2011 05:26:00 EDT. Please see our terms for use of feeds.

Permalink The Wall Street Journal  |  sourceBusiness Week  | Email this | Comments

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Oct 28

IDC: Samsung, ZTE see jump in mobile shipments, Apple slides to fifth place

Posted in: Apple, business, LG, market, market share, marketshare, mobile, mobilepostcross, money, nokia, research, samsung, smartphone, statistics, Today's Chili
Q3 earnings reports have been pouring in over the past few days, which means it’s time to check in with IDC on the state of the mobile market. The research firm’s latest report, released today, is something of a mixed bag. On the one hand, Q3 global shipments increased by 12.8 percent year-over-year — higher than the 9.3 percent that IDC had predicted for the quarter and the 9.8 percent growth observed last quarter. At the same time, however, the market grew at the second slowest pace in two years and shipments to Western Europe and the US actually declined over the year, something the company attributes to more restrained consumer spending and more widespread economic uncertainty.

On the company level, both Samsung and ZTE came away as the biggest winners this quarter; Sammy’s shipments increased by 23 percent over the year, good for second place, while ZTE’s shot up by a whopping 57.9 percent, launching the company into fourth place. Apple, meanwhile, saw 26.2 percent growth in its shipments and a slight bump in market share, but still couldn’t avoid getting leapfrogged by ZTE and dropping down to fifth place. And then there’s LG, which had by far the worst quarter, relative to Q3 2010. The manufacturer saw shipments decline by nearly 26 percent over the year, while its market share slipped to 5.4 percent. All these horses, however, are still chasing Nokia, which saw a small drop in shipments, but managed to hang on to the top spot, with over 106 million shipments during the quarter — good for 27 percent of the market. For more numbers and insight, check out the full PR after the break.

Continue reading IDC: Samsung, ZTE see jump in mobile shipments, Apple slides to fifth place

IDC: Samsung, ZTE see jump in mobile shipments, Apple slides to fifth place originally appeared on Engadget on Fri, 28 Oct 2011 21:44:00 EDT. Please see our terms for use of feeds.

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Oct 27

Sony to buy out Ericsson’s stake in joint venture, call it quits after ten years

Posted in: business, ericsson, mobilepostcross, money, smartphone, sony, Sony Ericsson, SonyEricsson, Today's Chili
We all saw it coming and, sure enough, it’s finally happened. After all the rumors and opaque comments, Sony has just bought out Ericsson’s share of Sony Ericsson, effectively assuming ownership of the entire venture. Ericsson confirmed the buyout this morning, adding that it will receive a cash consideration of €1.05 billion in exchange for its 50 percent stake. Sony, meanwhile, will now have the chance to integrate smartphones more tightly within its arsenal of tablets, laptops and gaming devices. The agreement also gives Sony an IP cross-licensing agreement and ownership of “five essential patent families” pertaining to wireless tech, though the breadth of this coverage remains unclear. The separation won’t be finalized, however, until January 2012, pending regulatory approval. Find more details in the full PR, after the break.

Update: Sony president and CEO Sir Howard Stringer has just addressed the media on the proposed buyout and confirmed that the company will indeed move away from feature phones, as previously stated. This effectively heralds the death of the Walkman line and the dawn of Sony’s exclusively Android era, though Stringer’s not ruling out the possibility of bringing another OS on board. When asked whether his firm would consider buying webOS, the exec said simply, “Never say never.”

[Thanks to everyone who sent this in]

Continue reading Sony to buy out Ericsson’s stake in joint venture, call it quits after ten years

Sony to buy out Ericsson’s stake in joint venture, call it quits after ten years originally appeared on Engadget on Thu, 27 Oct 2011 03:02:00 EDT. Please see our terms for use of feeds.

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Oct 27

LSI acquires SandForce for $370 million, looks to step up its SSD game

Posted in: business, deal, flash, green, minipost, money, solid state drive, SolidStateDrive, SSD, Today's Chili

SandForce has been behind many an SSD in its day, but it looks like it’s finally about to settle down, and get hitched. Yesterday, LSI announced plans to acquire the flash storage company, as part of a $370 million agreement. The deal brings SandForce’s processors and energy efficient DuraClass technology under LSI’s roof, giving the semiconductor designer some new flash firepower and an extra boost into a burgeoning market. Tangible results, of course, remain to be seen, though it’s certainly not the first time these two have danced. SandForce, after all, provided the motor for LSI’s WarpDrive lineup, and will presumably do much more, once the deal goes through. Pending regulatory approval, the acquisition should be finalized by the first quarter of 2012. Full PR after the break.

Continue reading LSI acquires SandForce for $370 million, looks to step up its SSD game

LSI acquires SandForce for $370 million, looks to step up its SSD game originally appeared on Engadget on Thu, 27 Oct 2011 02:45:00 EDT. Please see our terms for use of feeds.

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Oct 25

Canon posts higher profits in Q3 earnings report, lowers outlook over Thai flood concerns

Posted in: business, camera, earnings, financial, financials, Japan, money, Today's Chili

Things are looking pretty rosy for Canon these days, though there may be some difficulty on the horizon. Today, the camera maker published a rather strong Q3 earnings report, just a few months after posting relatively ho-hum Q2 results. According to the company, operating profit grew by 17.4 percent to ¥122.55 billion ($1.6 billion) this quarter, compared with ¥104.42 billion ($1.37 billion) a year ago. Net profit, meanwhile, increased by 14.2 percent over the year, reaching ¥77.9 billion ($1.02 billion) during the quarter, versus ¥68.20 billion during Q3 2010. These results come at a time when the yen is strong, and therefore detrimental to Japanese exporters, though Canon attributed much of its success to strong growth in emerging markets, including China and India. For the year, however, Canon lowered its net-profit outlook to ¥230 billion ($3.02 billion) from ¥260 billion ($3.4 billion), on assumptions that the yen will maintain its strength, and on fears that recent flooding in Thailand may impact production. In fact, the manufacturer said the flooding may cut annual sales by ¥50 billion ($657 million) and operating profit by ¥20 billion. Check out the full report, at the source link below.

Canon posts higher profits in Q3 earnings report, lowers outlook over Thai flood concerns originally appeared on Engadget on Tue, 25 Oct 2011 04:06:00 EDT. Please see our terms for use of feeds.

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