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July 30, 2012
09:21 EDTELON, ITRI, NXPI, COMV, ESE, ALU, ENOC, ELT, ERICMachine to machine communication growing rapidly, NY Times says
The number of machine to machine communication devices using wireless networks will at least triple by 2017, The New York Times quoted research firm Berg Insight as saying. As many as 50B machines will be connected to wireless networks by 2020, an Ericcson (ERIC) executive said, and smart meters and the auto industry are currently the leading users of machine to machine communications, the newspaper added. Reference Link
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October 8, 2015
16:20 EDTESEESCO Technologies announces restructuring actions
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16:08 EDTITRIItron on track to achieve $40M of annualized savings from restructuring in 2017
Itron will continue with its restructuring initiatives already underway including the closure of facilities in Brazil, Italy, South Africa, and Saudi Arabia, in addition to the company's evaluation of operational processes and strategies. Itron remains on track to achieve the previously announced $40M of annualized savings beginning in 2017, which the company anticipates will deliver a positive long-term impact on Itron's margins and profitability.
16:06 EDTITRIItron appoints Tom Deitrich as COO
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07:28 EDTALUAlcatel-Lucent to provide LTE technology to European Aviation Network
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October 7, 2015
10:01 EDTITRIOn The Fly: Analyst Initiation Summary
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09:38 EDTERICSenate Commerce, Science & Transportation Committee to hold a hearing
The Committee holds a hearing entitled, "Removing Barriers to Wireless Broadband Deployment" with Senior Vice President Reed of Deere & Co., and Vice President Morrison of Ericsson on October 7 at 10 am. Webcast Link
09:17 EDTITRIItron initiated with a Hold at Gabelli
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05:39 EDTALUNokia CFO Timo Ihamuotila to serve as CFO of combined company
The combined company is expected to have a common sales organization across the business groups, except for Nokia Technologies. In addition, effective after the closing of the exchange offer, there would be six additional unit leaders within the combined company, who would report directly to the president and CEO: Timo Ihamuotila, currently EVP and Group CFO, Nokia, would serve as CFO. Ashish Chowdhary, currently Chief Business Officer, Nokia Networks, would serve as Chief Customer Operations Officer. Marc Rouanne, currently EVP, Mobile Broadband, Nokia Networks, would serve as Chief Innovation & Operating Officer. Hans-Jurgen Bill, currently EVP, Human Resources, Nokia, would serve as Chief Human Resources Officer. Kathrin Buvac, currently Vice President, Corporate Strategy, Nokia Networks, would serve as Chief Strategy Officer. Barry French, currently Chief Marketing Officer and EVP, Marketing and Corporate Affairs, Nokia, would serve as Chief Marketing Officer. Maria Varsellona, currently EVP and Chief Legal Officer, Nokia, would serve as Chief Legal Officer.
05:38 EDTNXPINXP Semiconductors and Siemens announce systems partnership
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05:35 EDTALUAlcatel-Lucent to continue to operate undersea cables business as subsidiary
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05:33 EDTALUNokia expects to align financial reporting under two key areas
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05:28 EDTALUNokia reports planned organizational structure for Nokia, Alcatel-Lucent
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October 5, 2015
15:28 EDTNXPICiti lowers iPhone unit sales estimates for Q4
Shares of Apple (AAPL) are underperforming a strong broader market rally after Citi lowered its fourth quarter iPhone unit sales estimates in a note to investors earlier. WHAT'S NEW: Not all of Apple's first weekend sales of iPhone 6S and 6S will be included in the company's Q4 earnings, Citi analyst Jim Suva wrote. Suva, who has a Buy rating and $145 target price on Apple shares, said that although first weekend sales of 13M units of iPhone 6S and 6S Plus exceeded sell side targets, Apple noted that not all of these units unit sales will be included in Apple's Q4 earnings given cut off of the reporting quarter. Only sales through Friday and Saturday of the weekend launch will be included in Q4. The remainder of the units sold on Sunday will be reported in December financial results, said Suva. As a result, Citi reduced its iPhone unit estimates to 47M from its prior view of 48M. This is below the Q4 consensus of 48M. The remaining units will be shifted to the December quarter. Citi expects many sell-side analysts to follow suit and lower their September quarter iPhone estimates in the weeks ahead before Apple reports on October 27. According to the Citi note, Apple share volatility will continue and the firm sees limited earnings and sales upside potential in the near-term causing some investors to exit the stock. The investment thesis for Apple is likely to shift from an iPhone "beat and raise" investment story to a gross margin upside story heading into a difficult comp year for iPhone 6S unit sales, Suva tells investors. He thinks any pullback will prove an attractive opportunity for long-term investors. WHAT'S NOTABLE: Late last week, an article from the DigiTimes said Apple may be adjusting its chip orders lower for Q4. Sources said that a substantial integrated circuit supplier is saying that Apple has "slightly lowered its demand for supplies for the new iPhones for December," the report said. The sources said that overall shipments of the iPhone 6s series are expected to reach 75M-80M units in Q3 and 65M-70M units in Q4.PRICE ACTION: In late afternoon trading, shares of Apple are underperforming broader market measures and are up 0.4% compared to a 1.75% gain for the S&P 500. OTHERS TO WATCH: Shares of Apple chip suppliers are also relatively weak, with Cirrus Logic (CRUS) down almost 4%, Skyworks Solutions (SWKS) sliding 2.5%, Qorvo (QRVO) trading near flat, Avago (AVGO) lower by 1.4%, and NXP Semiconductors (NXPI) down 0.25%.
October 1, 2015
12:44 EDTNXPIApple chip suppliers fall after report iPhone maker may lower chip orders
Shares of chip makers for Apple's (AAPL) iPhone are sliding after a DigiTimes article said the iPhone maker may curtail its chip orders for the fourth quarter. WHAT'S NEW: According to the DigiTimes report, Apple may be adjusting its chip orders lower for Q4. Sources said that a substantial integrated circuit supplier is saying that Apple has "slightly lowered lowered its demand for supplies for the new iPhones for December," the report said. The sources said that overall shipments of the iPhone 6s series are expected to reach 75M-80M units in the third quarter and 65M-70M units in Q4. WHAT'S NOTABLE: On September 28, Apple announced it has sold more than 13M new iPhone 6s and iPhone 6s Plus models just three days after launch, a new record for the company. According to an iFixit report from September 25, a teardown of the new iPhone 6S Plus revealed components supplied by Qualcomm (QCOM), Skyworks (SWKS), Qorvo (QRVO), Avago (AVGO), NXP Semiconductors (NXPI), Cirrus Logic (CRUS) and Texas Instruments (TXN), among others. Other chip makers that have been mentioned as possible Apple suppliers in the past include Analog Devices (ADI), Maxim Integrated Products. (MXIM) and ON Semiconductor (ON). PRICE ACTION: In midday trading shares of the aforementioned chip makers are all lower with Qorvo, Avago, NXP and Analog Devices down approximately 4% to 5%. Apple is down about 1.4%.
06:01 EDTALUAcacia Research signs patent license agreement with Alcatel-Lucent USA
Acacia Research's (ACTG) Labyrinth Optical Technologies subsidiary has entered into a settlement and patent license agreement with Alcatel Lucent (ALU) USA. The agreement resolves litigation that was pending in the U.S. Court for the Central District of California.
September 30, 2015
14:50 EDTITRICoppersmith Capital raises stake in Itron to 7.4% from 3.7%
September 29, 2015
05:21 EDTERICXL Axiata signs three contract with Ericsson for 4G deployment in Indonesia
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September 25, 2015
14:50 EDTNXPINXP Semiconductors volatility elevated on wide price movement
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11:25 EDTNXPICirrus leads iPhone suppliers higher as analysts dissect 6S
Cirrus Logic (CRUS), Skyworks (SWKS) and Qorvo (QRVO) are among the chipmakers that appear poised to obtain more revenue from Apple's (AAPL) iPhone 6S devices than from the previous generation of the market-leading smartphone. Research firms issued notes today based on their analysis of "teardowns" of the new phones after they went on sale for the first time, beginning in Australia. TEARDOWNS: Apple's common practice when rolling out its newest iPhone models is for Australia to be its first launch market. The unboxing of iPhones when they become available for sale for the first time anywhere in the world is a much anticipated event among the tech giant's fans, as well as by Apple-focused blogs and Wall Street analysts who follow the company. Websites like iFixit have become well known for their "teardowns" of the devices, where they purchase, take apart and analyze the way in which the device is made and how it differs from previous models. These teardowns are closely watched by analysts and can sometimes be catalysts for the stocks of iPhone component suppliers. CIRRUS: Barclays analyst Blayne Curtis says teardowns of Apple's iPhone 6S indicate Cirrus Logic secured both a smart codec and boosted amp win in the new phone. The company's content in each phone is likely towards the upper end of his $3.50-$4.00 estimate, Curtis tells investors, noting that he views this as better than expected. Curtis thinks the 6S content, coupled with the "several new growth drivers" Cirrus outlined at yesterday's technology day, could reverse the negative sentiment on the stock. He keeps an Overweight rating on the name with a $39 price target. OTHER WINNERS AND LOSERS: Skyworks and Qorvo saw their content rise 22% and 25% respectively, Curtis estimated. NXP Semiconductors (NXPI) is continuing to supply the NFC and Secure Element chips for the 6S devices, but is no longer providing the sensor hub, the analyst reported. The company will lose about 50c per iPhone as a result of this development, but it did know that it would no longer be providing the hub before it provided its guidance in July, according to Curtis. STMicroelectronics (STM) is no longer providing the secure MCU for the iPhone 6S, Curtis added. WHAT'S NOTABLE: Other companies that are supplying iPhone 6S components include Qualcomm (QCOM), Texas Instruments (TXN), and Avago (AVGO), iFixit reported. After conducting checks, Craig-Hallum analyst Anthony Stoss estimated that Skyworks will obtain about $6.50 of revenue per iPhone, up from about $5.50 previously, while Qorvo's revenue per device will rise to $6.25 from $5.75 and Avago will see its revenue per device increase to about $6.75 from about $6.50, Stoss believes. The firm kept Buy ratings on Skyworks, Avago, and Qorvo. PRICE ACTION: In morning trading, Cirrus shares jumped $4.36, or 16%, to $31.49, Skyworks added about 3% and Qorvo rose 4%. Meanwhile, NXP gained about 2% and STMicroelectronics advanced 2.5%.
09:48 EDTNXPIApple iPhone 6S Plus teardown reveals chip suppliers, iFixit reports
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