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News Breaks
May 23, 2014
15:32 EDTGOGO, QCOMGogo 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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October 21, 2014
14:04 EDTQCOMEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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October 15, 2014
11:03 EDTGOGOGogo selected to provide in-flight Wi-Fi on United's two-cabin jet fleet
Gogo (GOGO) announced that it has been selected by United Airlines (UAL) to bring its in-flight Internet service to United's two-cabin regional jet fleet. Installation of Wi-Fi services, which will involve more than 200 aircraft, is expected to begin later this year. The United Express aircraft will be the first regional jets in the United States to be outfitted with Gogo's ATG-4, which more than triples the peak speeds to an aircraft when compared to Gogo's original ATG service that launched in 2008. Additionally, United and Gogo have agreed to partner on offering in-flight entertainment on two-cabin regional jets, beginning early next year, enabling passengers to watch movies and television shows on their Wi-Fi enabled devices. Along with regional jet Wi-Fi and personal device entertainment, late next year, United plans to begin a trial of Gogo's 2Ku satellite Wi-Fi on five of the carrier's aircraft that operate its p.s. "Premium Service" between New York JFK and Los Angeles and New York JFK and San Francisco. These aircraft currently offer Gogo's ATG-4 product.
05:58 EDTQCOMCSR calls Qualcomm takeover offer 'very attractive outcome'
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05:35 EDTQCOMQualcomm to acquire CSR for GBP 9.00 per share
Qualcomm (QCOM) announced that it has reached agreement with CSR plc (CSRE) regarding the terms of a recommended cash acquisition through which the entire issued and to be issued ordinary share capital of CSR will be acquired by Qualcomm Global Trading Pte. Ltd, an indirect wholly owned subsidiary of Qualcomm Incorporated. The acquisition complements Qualcomm's current offerings by adding products, channels, and customers in the important growth categories of Internet of Everything, or IoE, and automotive infotainment, accelerating Qualcomm's presence and path to leadership. This opportunity is aligned with Qualcomm's established strategic priorities in these rapidly growing business areas. At GBP 9.00 per share, the acquisition of the entire issued and to be issued ordinary share capital of CSR is valued at approximately $2.5B. This cash offer has been unanimously recommended by the CSR board. The acquisition is subject to a number of conditions as set forth in the announcement released today in accordance with Rule 2.7 of the UK Takeover Code, including the receipt of U.S. and other regulatory approvals and the approval of CSR's shareholders. Subject to the satisfaction of the conditions, the transaction is expected to close by the end of the summer of 2015. Qualcomm expects the acquisition to be accretive to Non-GAAP EPS in FY16, the first full year of combined operations.
October 14, 2014
07:24 EDTQCOMIntel gains government ally in China with new deals, Reuters says
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06:37 EDTQCOMUMC lands 28nm LTE chip orders from Qualcomm, DigiTimes reports
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October 12, 2014
17:20 EDTQCOMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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October 8, 2014
08:20 EDTQCOMQualcomm opportunity at Xiaomi almost rivals iPhone, says FBR Capital
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