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Stock Market & Financial Investment News

News Breaks
November 27, 2012
05:19 EDTERIC, SSNLFEricsson files patent infringement action against Samsung
Ericsson (ERIC) has filed a lawsuit in the U.S against Samsung (SSNLF) for infringing its patents, after nearly two years of negotiations failed to reach an agreement. The dispute concerns both Ericsson's patented technology that is essential to several telecommunications and networking standards used by Samsung's products as well as other of Ericsson's patented inventions that are frequently implemented in wireless and consumer electronics products. Ericsson has concluded that it has no option other than legal action after negotiations have not been successful since Samsung has refused to take a license on FRAND terms. Ericsson helped to create the mobile telephone system by contributing hundreds of its inventions to the standard in exchange for a fair royalty. To date, Ericsson has signed more than 100 license agreements with all major players in the industry. In 2011 alone, Ericsson spent $5B on research and development.
News For ERIC;SSNLF From The Last 14 Days
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October 30, 2014
05:23 EDTSSNLFSamsung sees demand for smartphone, tablet to increase during Q4
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05:14 EDTSSNLFSamsung reports Q3 net profit KRW 4.22T vs. KRW 8.24T last year
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October 29, 2014
07:14 EDTERICTIBCO, Ericsson form global OSS/BSS partnership
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06:29 EDTERICEricsson aiming to wire developing world, WSJ reports
Ericsson wants to capitalize on the rise of cheap, low-margin smartphones by building mobile networks to serve the billions of people who will buy new phones in the developing world over the next five years, CEO Hans Vestberg commented at the WSJD Live global technology conference, the Wall Street Journal reports. Reference Link
October 28, 2014
06:36 EDTSSNLFSamsung to roll out cheaper line of smartphones in China, WSJ reports
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06:27 EDTSSNLFReport: Samsung to exit LED lighting in overseas markets, DigiTimes says
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06:25 EDTSSNLFLenovo, Dell, Asustek eye Chromebook market, DigiTimes reports
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October 27, 2014
06:33 EDTSSNLFiPhone pre-orders in South Korea topping pre-orders for Galaxy Note 4, WSJ says
Pre-orders for Apple's (AAPL) iPhone 6 and iPhone 6 Plus in South Korea are reportedly far higher than orders for the new Samsung (SSNLF) Galaxy Note 4, the Wall Street Journal reports. Analysts believe total pre-sale figures for the new iPhones are around 100,000 units, more than the 30,000 units for the Galaxy Note 4. The iPhone launches in South Korea on October 31. Reference Link
06:11 EDTERICEricsson chosen by Algeria Telecom
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05:29 EDTERICEricsson signs five-year framework agreement for radio with Telenor
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October 24, 2014
16:18 EDTERICEricsson trades down 2.9% following Q3 earnings report
Before the open this morning, Ericsson reported Q3 non-IFRS EPS SEK 1.11 vs. SEK 1.31 last year. The company reported Q3 revenue SEK 57.6B vs. SEK 53.0B last year. Shares ended the day down 2.9% to $11.47.
10:34 EDTSSNLFSamsung confirms plans to exit LED lamps, Lighting says
Samsung (SSNLF) confirmed that it is exiting the global LED lamps business, according to industry site Lighting. The publication quotes the company as issuing the following statement: “We have decided to discontinue our LED lamp business in all markets, except Korea, so that we can focus more resources on our core business areas. We will remain active in the LED industry through our LED component business, and continue to provide high-quality products and services to our customers.” Philips’ (PHG) recent decision to split off its lighting division has been blamed, at least in part, on the commoditized nature of the consumer LED lamp market, Lighting added. Shares of Cree (CREE), whose products consist of both LED and traditional lighting systems, are up 1% in early trading following the news of Samsung's plans. Reference Link
October 23, 2014
10:01 EDTSSNLFGeneral Dynamics receives DMCC contract from NSA
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06:05 EDTERICApple defeats GPNE civil patent suit, Re/code reports
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October 22, 2014
08:32 EDTSSNLFSamsung, Barnes & Noble introduce new large screen Galaxy Tab 4 NOOK
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06:25 EDTSSNLFSamsung, TSMC Solid State Lighting to quit LED lighting business, DigiTimes says
Samsung (SSNLF) will plan to withdraw from the global LED lighting market while TSMC (TSM) Solid State Lighting will cease operations, reports DigiTimes, citing industry sources. Samsung will withdraw due to low price pressure from China-based makers. TSMC Solid State Lighting will reportedly quit operations and sell production equipment to LED maker Advanced Optoelectronic Technology. Reference Link
October 21, 2014
12:36 EDTSSNLFNXP Semiconductors loses Samsung Galaxy phone NFC business, NFC Times says
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October 20, 2014
05:50 EDTSSNLFSamsung partners with Teletrac to expand fleet management offerings for Android
Teletrac announced it is partnering with Samsung Electronics America to expand its fleet management offerings to the Android platform on Samsung's Galaxy Tab devices.
October 17, 2014
07:31 EDTSSNLFSamsung first to market with new multilayer NAND technology, Nikkei says
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06:13 EDTSSNLFLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link

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