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News Breaks
May 23, 2014
15:32 EDTQCOM, GOGOGogo amends deal, increases number of in-flight radio modems from Qualcomm
Gogo (GOGO) disclosed in a filing that a wholly-owned subsidiary of the company entered into an amended and restated manufacturing services and product supply agreement with Qualcomm (QCOM), pursuant to which Qualcomm has agreed to provide the company with in-flight radio modems, a key component in the company’s wireless in-flight cabin network and air to ground and next generation ATG-4 connectivity service. The agreement extends the duration of the agreement until May 19, 2019, with an option for the company to extend the agreement for an additional year if the company has placed a specified number of orders by a specified date. The agreement also revises certain pricing and delivery terms with respect to the company’s purchase of in-flight radio modems from Qualcomm and increases the number of in-flight radio modems to be delivered by Qualcomm.
News For GOGO;QCOM From The Last 14 Days
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May 25, 2015
12:37 EDTQCOMQualcomm, Daimler announce strategic collaboration on connected car technology
Daimler AG (DDAIF) and Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a strategic collaboration focused on vehicle innovation. In the first phase of the collaboration, the companies will focus on developing vehicles with mobile technologies such as 3G/4G connectivity, wireless charging technology, and implementation of the Qualcomm "Halo" wireless electric vehicle charging technology. In addition, the companies are jointly assessing the application of Qualcomm's newly developed "Automotive Solutions." Qualcomm Technologies is collaborating with Daimler on its wireless power transfer 2.0 program for electric vehicles. The Qualcomm Halo technology could allow Daimler customers to charge their electric vehicles and plug-in hybrid EVs without having to plug them in. In addition, Qualcomm WiPower technology enables consumer electronics to charge wirelessly in-vehicle.
May 21, 2015
07:32 EDTQCOMQualcomm initiates $5B accelerated share repurchase
Qualcomm announced that it has entered into accelerated share repurchase agreements with two financial institutions to repurchase an aggregate of $5B of Qualcomm's common stock, with an initial delivery of approximately 57.7M shares. The final number of shares to be repurchased will be based on the volume-weighted average stock price of Qualcomm's common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR Agreements. The company is funding the accelerated share repurchase with proceeds from its recently completed $10B debt offering.
May 19, 2015
08:01 EDTGOGOGogo launches enhanced version of Gogo Vision
Gogo is launching an enhanced version of its 'Gogo Vision' wireless in-flight entertainment and information service. Gogo Vision, recently selected by NetJets, serves up approximately 200 on-demand movies and TV shows – along with moving maps, news, flight progress information and destination weather.
May 15, 2015
17:33 EDTQCOMPoint72 Asset Management gives quarterly update on stakes
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10:55 EDTQCOMJANA Partners gives quarterly update on stakes
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May 14, 2015
11:05 EDTQCOMQualcomm expands industry collaboration to grow Internet of Everything
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May 13, 2015
13:02 EDTGOGOGogo management to meet with William Blair
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07:34 EDTQCOMEdX and Qualcomm collaborate to build next-generation mobile learning experience
EdX and Qualcomm Education, a subsidiary of Qualcomm, announced a collaboration to further develop edX's MOOC mobile capabilities and enhance its open source platform to benefit connected learners around the world. As part of the collaboration, Qualcomm Education will contribute engineering resources and will license elements of its SDK code, which edX will distribute to the Open edX community.
May 11, 2015
09:37 EDTQCOMActive equity options trading on open
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07:26 EDTQCOMQualcomm rivals questioned by EU antitrust regulators, Reuters reports
Antitrust regulators in the EU are asking Qualcomm's (QCOM) rivals about the company's business practices, Reuters reports, citing a document. Europe has been investigating Qualcomm for the last seven months over the way it licenses its products and its power over patents. Another EU inquiry, which began in 2010, was triggered by a complained from Nvidia's (NVDA) Icera unit over rebates and incentives. Reference Link

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