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February 20, 2014
06:34 EDTNTDOY, BIDU, SSNLFNintendo investigates unapproved 'Super Mario' copycat game, Bloomberg says
Nintendo (NTDOY) said it is investigating an unapproved “Super Mario” spin-off game that is now available to download on Baidu's (BIDU) 91 Wireless online app store in China and on Samsung's (SSNLF) online China app store, according to Bloomberg, citing comments from a Nintendo spokesman. Reference Link
News For NTDOY;BIDU;SSNLF From The Last 14 Days
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August 29, 2014
07:46 EDTSSNLFSony, Samsung to launch smartphones with metal-alloy bodies, DigiTimes says
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06:34 EDTBIDUTencent, Baidu, Wanda organize $8.14M e-commerce venture, Reuters says
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August 28, 2014
07:29 EDTSSNLFSamsung says Amazon to begin 4K streaming in October
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07:15 EDTSSNLFMicron, Hynix to respond to Samsung DRAM capacity ramp, DigiTimes says
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07:13 EDTSSNLFSamsung unveils Samsung Gear S, Gear Circle wearable devices
Samsung Electronics unveiled the Samsung Gear S, the next generation smart wearable device that expands the smartphone experience to the wrist. The new Samsung Gear S delivers an up-to-date smart wearable experience with 3G connectivity and wearable optimized features to meet the evolving needs of consumers. The Samsung Gear S features a 2-inch curved Super AMOLED display, providing a richer view with a beautiful and easy-to-use user interface. It allows users to read messages and notifications at a single glance with features such as conversation view and condensed font. Also announced with the Samsung Gear S is the new Samsung Gear Circle. When paired with a smartphone, users can easily receive calls, listen to music, and make voice commands in style through a Bluetooth connection. It features a magnetic lock which clasps around the user’s neck when not in use, as well as a vibrate function to signal incoming calls and notifications. Both the Samsung Gear S and the Gear Circle will be available in global markets in phases through Samsung’s retail channels, e-commerce websites and via carriers beginning October.
06:37 EDTSSNLFSamsung, Lenovo China supplier rejects child labor claims, Reuters says
HEG Technology, a China-based supplier for Samsung (SSNLF) and Lenovo (LNVGY), denied that it employed child workers and rejected claims from watchdog China Labor Watch which alleged that the supplier hired over 10 children under the age of 16 to work at its factory, according to Reuters, citing comments from an employee at HEG Technology's human resources department. Reference Link
06:32 EDTSSNLFSamsung, Lenovo hit with child labor allegations in China, FT says
Samsung (SSNLF) and Lenovo (LNVGY) are up against new child labor claims after a supplier in China, HEG Electronics, had supposedly employed over 10 children under the age of 16, according to the Financial Times, citing remarks from China Labor Watch. The news comes only one month after activists discovered evidence of child employees at another Chinese contractor used by Samsung. Reference Link
August 27, 2014
15:24 EDTSSNLFCalifornia judge rules against Apple in patent suit with Samsung, Bloomberg says
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06:53 EDTBIDUWanda, Tencent, Baidu collaborate for $813M e-commerce venture, Reuters says
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August 26, 2014
07:20 EDTSSNLFTablets seen declining, notebooks growing in 2014, DigiTimes says
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August 25, 2014
11:26 EDTBIDUQihoo 360 falls despite better-than-forecast Q2 results, Q3 revenue guidance
Shares of Chinese internet and software company Qihoo 360 Technology (QIHU) are falling despite reporting second quarter results that beat analysts' estimates. The company also provided third quarter revenue guidance that exceeded estimates. WHAT'S NEW: Qihoo 360 reported Q2 adjusted earnings per share of 50c on revenue of $317.9M, which surpassed analysts' consensus estimates of 46c and $309.38M, respectively. For the quarter, operating income was $43.9M compared to $36.6M a year ago and $39.6M in the first quarter. Non-GAAP operating margin was 21.9% in Q2, compared to 36% in the year-ago period and 14.9% in Q1. The company said the sequential decline in non-GAAP operating margin was primairly due to increased marketing and promotional expenses, personnel-related costs and bandwidth and equipment depreciation expenses. Looking ahead, Qihoo 360 forecast Q3 revenue of $360M-$365M, which is slightly higher than analysts' consensus estimates of $357.39M. WHAT'S NOTABLE: Chairman and Chief Executive Officer Hongyi Zhou commented that the company is in an "excellent position" to grow its share of China's search market in both PC and mobile traffic and revenue. The company plans to make "significant" investments in the coming quarters to strengthen its brand and market position, and to improve our products and technology, particularly in mobile Internet-related areas. The executive noted that the company's share of Internet search traffic recently reached over 30%, citing third-party data, achieving a company target fourth months ahead of schedule. ANALYST OPINION: Jefferies defended Qihoo 360 shares following the company's Q2 results. Stifel analyst George Askew feels that Qihoo 360's Q2 revenue and operating margin results were "very good" and believes that many factors, including its 30% search query share, will help it sustain its search revenue growth. The firm maintains $168 price target and Buy rating. Bank of America analyst Eddie Leung said that he expects Qihoo 360's margins to get better gradually in the second half of the year since the company is looking to control expenses and realize synergies. He anticipates search to increase at a fast rate to make up 36% of total sales in FY16. Leung believes this should particularly offset the decline in game revenues this past quarter. Leung lowered his price target on Qihoo 360 to $121 from $123. PRICE ACTION: During late-morning trading, shares of Qihoo fell $6.62 or 6.51%, to $95.13. OTHERS TO WATCH: Chinese search market leader Baidu (BIDU) rose nearly 1.7% to $217.77.
07:46 EDTSSNLFSamsung acquisitions underscore smart home ambitions, FT says
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August 22, 2014
11:59 EDTNTDOYGameStop surges after Q2 EPS, revenue beat expectations
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06:14 EDTSSNLFSamsung resumes supply of mobile RAM for next-generation iPhone, DigiTimes says
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05:07 EDTSSNLFParkerVision names Samsung as additional defendant in patent infringement suit
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August 21, 2014
06:58 EDTSSNLFLarge-size panel demand increases in Q2 with LG Display in lead, DigiTimes says
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06:12 EDTSSNLFDRAM prices making downward correction with oversupply concerns, DigiTimes says
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August 20, 2014
09:32 EDTSSNLFSamsung, Barnes & Noble announce new Samsung Galaxy Tab 4 NOOK
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August 19, 2014
15:48 EDTSSNLFCNET to hold a live blog
CNET holds a live blog of the unveiling of Samsung and Barnes & Noble's Nook tablet in New York on August 20 at 9:30 am. Webcast Link
06:22 EDTSSNLFSamsung acquires Quietside to boost 'smart home' business, Reuters says
Samsung announced that it purchased air conditioner firm Quietside in an effort to boost its "smart home" division, according to Reuters, citing a statement from the company. Samsung said, "Because air conditioning products are a necessity in all buildings, including homes and offices, this acquisition is expected to be of help to our future smart home business." Reference Link
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