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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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June 24, 2015
10:38 EDTERICEricsson announces deal with SaskTek to provide M2M connectivity
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05:31 EDTERICEricsson provides update on cost and efficiency program
The global cost and efficiency program, announced at Ericsson's Capital Markets Day on November 13, 2014, is progressing according to plan. The ambition is to achieve savings of approximately SEK 9B., with full effect during 2017. As part of the global program, on March 11, 2015, Ericsson announced that 2,200 positions in Sweden, mainly in R&D and Supply, were subject to notice. As the next step of this activity, individuals on different locations in Sweden have been given notice during June. In total, there will be a reduction of approximately 2,100 positions, with some 1,700 employees leaving the company.For Q2, restructuring costs of approximately SEK 2.5B are expected. These estimated costs include normal ongoing restructuring as well as charges related to the cost and efficiency program, this quarter primarily driven by changes in Sweden. Savings related to this specific activity will start to impact results towards the end of 2015.
June 23, 2015
16:02 EDTSSNLFRed Hat, Samsung form strategic alliance
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06:05 EDTSSNLFIntel pushing into SSD market and hope to surpass Samsung in 2016, DigiTimes says
Intel (INTC) is looking to push into the SSD market with its newest 750 series SSDs with technology able to enhance the transmission speed, reports DigiTimes. According to sources from the upstream supply chain, the company is also offering price cuts on its existing products in order to narrow its gap with the largest vendor Samsung (SSNLF). Sources also expect Intel to draw near to Samsung in 2H15 and may even have a chance to surpass Samsung in 2016. Reference Link
06:05 EDTSSNLFSamsung pushing to release Galaxy S7 in 2H15, DigiTimes reports
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06:05 EDTSSNLFNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
June 22, 2015
17:55 EDTSSNLFITC staff supports clearing Samsung, Qualcomm, in NVIDIA case, Bloomberg says
The U.S. International Trade Commission staff recommends that Samsung Electronics (SSNLF) and Qualcomm (QCOM) be absolved of patent-infringement accusations brought by Nvidia (NVDA), Bloomberg reports. Reference Link
14:42 EDTSSNLFOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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June 21, 2015
14:44 EDTSSNLFFitbit shares likely to see 'typical IPO' subpair gains, Barron's says
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June 19, 2015
07:15 EDTSSNLFCourt to rule July 1 on Elliottís bid to block Samsung deal, Reuters reports
A South Korean court said it will rule by July 1 on U.S. hedge fund Elliottís request to block a Samsung C&T Corp, a unit of Samsung, shareholder vote on an $8B buyout offer from Cheil Industries, Reuters reports. Elliott told the court that Cheilís offer was built to pave the way for a leadership succession in the Samsung conglomerate and did not serve the best interests of their shareholders, the report says. Reference Link
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