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Stock Market & Financial Investment News

News Breaks
November 27, 2012
05:19 EDTSSNLF, ERICEricsson 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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April 21, 2015
05:59 EDTSSNLFReport: Samsung considers moving LCM business from S Korea, DigiTimes says
Samsung Display is considering moving its LCD module business to China or Vietnam from South Korea, reports DigiTimes. According to a Korean-language AJU Business Daily report, the move comes after related labor expenses in South Korea is rising dramatically. Since the assembly of LCD modules still require heavy manual labor, Samsung Display is looking to move production lines out of South Korea to save costs. Reference Link
April 20, 2015
14:48 EDTSSNLFQualcomm to have Samsung foundry make next high-end chip, Re/code says
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05:26 EDTERICEricsson announces collaboration with Intel security
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April 16, 2015
07:44 EDTSSNLFApple calls audible to award 30% of A9 chip orders to TSM, Apple Insider says
Apple (AAPL) has made a "last minute decision" to recruit TSMC (TSM) for 30% of A9 chip orders for its next iPhone after GlobalFoundries continued to experience poor yield rates on production of the next-generation CPU, reports AppleInsider. According to a note from KGI Securities Ming-Chi Kuo, Globalfoundries A9 chip yield rate was at about 30% iyeld rate, well below the "basic requirement" of 50%. Kuo adds that Apple is concerned that Samsung's (SSNLF) chipmaking business may not be able to supply enough of its 14-nanometer design. Reference Link
05:55 EDTSSNLFGalaxy S6 expected to reach 70M in sales during 2015, DigiTimes reports
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April 15, 2015
15:05 EDTSSNLFEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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10:06 EDTSSNLFSamsung creates team to work exclusively on Apple devices, Bloomberg reports
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07:46 EDTERICEricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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06:14 EDTSSNLFSamsung may be borrowing from Apple profit margin strategy, WSJ reports
Samsung (SSNLF) could be borrowing from Apple's (AAPL) profit margin strategy by charging customers $100 more for each incremental gain in storage capacity, reports the Wall Street Journal. IHS senior director of research and analytics Andrew Rassweiler said it costs Samsung makes an extra $87 in profit each time it sells a 64-gigabyte Galaxy S6 and an extra $160 each time it sells a 128-gigabye device. Rassweiler adds that Apple has been structuring its iPhone offerings like this for years to improve margins. Reference Link
05:55 EDTSSNLFSamsung Taiwan mobile business general manager to resign, DigiTimes reports
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April 14, 2015
12:40 EDTSSNLFPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
11:55 EDTERICCommunication equipment stocks active after potential Nokia-Alcatel deal
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10:27 EDTSSNLFSamsung's Galaxy S6 Edge costliest phone to build, Re/code reports
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10:16 EDTERICHigh option volume stocks
High option volume stocks: NSAM ALU CJES BIG CMRX ERIC NTAP TMO KN CIG
05:51 EDTERICNokia confirms 'advanced discussions' to buy Alcatel-Lucent
Nokia (NOK) said in a statement, "In relation to recent media speculation Nokia and Alcatel-Lucent (ALU) confirm that they are in advanced discussions with respect to a potential full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent." Nokia cautioned that there "can be no certainty at this stage that these discussions will result in any agreement or transaction." The statement comes after Bloomberg reported yesterday afternoon that Nokia was in advanced talks to buy Alcatel-Lucent's wireless assets to better compete with Ericsson (ERIC) in telecommunications equipment. Shares of Nokia are down 65c to $7.65 in pre-market trading while Alcatel-Lucent is up 22c to $4.57.
05:46 EDTSSNLFReport: Samsung to hold off release of flexible tablets in 2015, DigiTimes says
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April 13, 2015
15:06 EDTERICNokia in advanced talks to buy Alcatel wireless assets, Bloomberg says
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14:57 EDTERICEricsson trades higher after report of possible Alcatel-Lucent-Nokia deal
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06:09 EDTSSNLFSamsung semiconductor CapEx to reach $15B in 2015, DigiTimes reports
Samsung's semiconductor capital spending is expected to reach a record $15B in 2015, reports DigiTimes Research. The company's CapEx for system ICs is expected to reach $4B, mainly to finance the commencement of its Line-17 fab in Hwasong and a buildup of its plant in Austin, Texas. Reference Link
05:31 EDTERICEricsson announces joint initiative with Scania and Sweden's RIT
Ericsson has announced that it is to join forces with Scania and Sweden's Royal Institute of Technology in their Integrated Transport Research Lab to explore the transport solutions of the future. The joint initiative, which will explore areas such as autonomous buses and improved systems for traffic management, forms part of the "5G for Sweden" program that was announced in March. The ITRL Lab is set to run until the end of June 2021.
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