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February 14, 2013
14:12 EDTSHCAY, AUO, SSNLF, T, TOSBF, LPLCourt revives AT&T suit against LCD panel makers over price-fixing charges
An appeals court panel reversed a district courtís partial dismissal of an antitrust suit brought by AT&T (T) against companies including AU Optronics (AUO), LG Display (LPL), Samsung Electronics (SSNLF), Sharp (SHCAY) and Toshiba (TOSBF), alleging a global conspiracy to fix the prices of LCD panels. The appeals court reverse the district courtís order dismissing AT&T's claims and remanded the case to the district court for it to make an individual determination with respect to each defendant. Reference Link
News For T;AUO;LPL;SSNLF;SHCAY;TOSBF From The Last 14 Days
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September 29, 2015
16:52 EDTTAT&T backs FY15 adjusted EPS view $2.62-$2.68, consensus $2.62
Backs FY15 double-digit revenue growth, consensus $153.06B. In a regulatory filing, AT&T reiterated its guidance for full-year adjusted EPS, double-digit revenue growth and continued consolidated margin expansion, even with foreign exchange pressure from the company's international operations. The company also expects capital spending to increase from second-quarter levels and free cash flow to be greater than $4.5B for the quarter. The company also reaffirmed all other full-year guidance. AT&T's wireless performance includes results from both business and consumer customers. AT&T expects more than 2M total net adds in the third quarter with gains in every customer category (postpaid, prepaid, connected devices and reseller). The company also expects positive branded voice net adds in the quarter. As a result, and with a continued focus on efficiency initiatives, the Company expects to maintain momentum in wireless service EBITDA margins. AT&T said its early integration efforts with DIRECTV are going well and are in line or better than expectations. The Company expects to report positive U.S. DIRECTV net adds in the third quarter and positive IP broadband net adds. U-verse TV subscribers are expected to decline as the Company continues to focus on satellite and high-value subscribers. The Company also said that it is changing the methodology DIRECTV used to count commercial subscribers to conform to AT&T practices. Previously, DIRECTV used a method of counting commercial customers that converted commercial accounts to an equivalent number of residential subscribers based on relative revenues per account. Under the new methodology, the Company will simply count each commercial account as one subscriber. This will reduce DIRECTV's total subscriber count by 918,600 at acquisition close on July 24, 2015. This change has no impact on historical or future revenues, EBITDA or cash flows. In International, the Company continues to show great progress in its deployment of 4G LTE in Mexico as the Company invests in that country's wireless network. AT&T is on track with reaching its end-of-year goal of covering 40 million POPs. The Company also continues its work on creating operating efficiencies for its Latin America satellite properties, even with foreign exchange pressure. AT&T will announce its full third-quarter results on Oct. 22.
12:27 EDTTAT&T may take $1.1B charge for DirecTV Venezuela assets, Reuters reports
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10:56 EDTTAT&T may take $1.1B charge for DirecTV Venezuela assets, CNBC says
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08:00 EDTSSNLFNuance, Samsung extend strategic partnership agreement
Nuance Communications (NUAN) announced an extension to the strategic partnership with Samsung Electronics (SSNLF) to provide Nuance document imaging solutions. Specifically the expansion includes rights for Samsung to sell and distribute Nuance AutoStore, Equitrac Office/Express and SafeCom. In addition, Nuance will provide service and support to qualifying customers.
06:31 EDTSSNLFApple, Samsung agree to court-supervised mediation in patent dispute
According to a court filing, Apple (AAPL) and Samsung (SSNLF) have agreed to participate in court-supervised mediation of their years-long dispute over patents. "Pursuant to the September 18, 2015, Case Management Order, the parties jointly submit this update on alternative dispute resolution. The parties are willing to mediate with Judge Spero with a settlement conference deadline of November 15, 2015, and are conferring on scheduling," the court document says. Reference Link
06:25 EDTSSNLFSamsung to shutter Milk Video service in November
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September 28, 2015
19:40 EDTSSNLFSamsung, TSMC confirmed as Apple SoC manufacturers, Apple Insider says
Samsung (SSNLF) and TSMC (TSM) have both been confirmed as Apple (AAPL) A9 system-on-chip manufacturers for the latest iPhone 6s and 6s Plus handsets, according to Apple Insider. Apple Insider also noted that the Samsung version of the chip is 10% smaller than the TSMC version. Reference Link
09:31 EDTSSNLFSamsung Pay debuts for MasterCard cardholders
Beginning today, Samsung Pay (SSNLF) is now available to MasterCard (MA) cardholders for everyday purchases. Samsung device owners can use their MasterCard credit, debit and select prepaid and small business cards from participating banks directly through Samsung Pay.
09:06 EDTSSNLFGlobal Payments announces full support for Samsung Pay in the U.S.
Global Payments Inc. (GPN) is pleased to offer its merchants in the United States the ability to accept Samsung Pay (SSNLF). As a Samsung Pay-qualified payment provider, Global Payments' suite of payment solutions is fully enabled for acceptance, allowing merchants to offer their customers the convenience of Samsung Pay.
07:28 EDTSSNLF, TSamsung to pay customers up to $120 for buying new Galaxy phone, Verge says
Samsung's (SSNLF) new promotion in the U.S. will pay the rest of a customer's monthly payments in 2015 towards a new Galaxy S6, S6 Edge, S6 Edge+, or Galaxy Note 5, the Verge reports. The promotion will result in $120 off the price of any of those phones if users buy one under a new carrier installment plan between now and October 9, the report says. AT&T (T) will sit the promotion out, the report says. Reference Link
06:32 EDTSHCAYBanks holding $5B in Sharp want company to strike quick deal, WSJ reports
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September 25, 2015
10:26 EDTSSNLFBlackBerry posts quarterly loss, says turnaround continuing
BlackBerry (BBRY) shares are lower in morning trading after the company posted a second quarter loss that was steeper than analysts' expectations. BlackBerry is in the middle of a turnaround for its smartphone business and confirmed today that it plans to launch a new device that uses Google's (GOOG) Android operating system. EARNINGS: Excluding items, BlackBerry reported a loss per share for Q2 of (13c), below analysts' consensus estimates of (9c). Revenue for the quarter was $490M, reflecting a purchase accounting write down of deferred revenue associated with the acquisition of WatchDox. The revenue result may not compare with analysts' estimate of $611M. Looking ahead, BlackBerry said it is targeting "sustainable" non-GAAP profitability in the fourth quarter and sees "modest" sequential growth in total revenue for the rest of fiscal year 2016. The company sees a "slight" uptick in third quarter revenue compared to this quarter, and announced it will change its non-GAAP income statement presentation to be "consistent with the primary practice in the software industry." BlackBerry said it believes this is necessary due to its increased emphasis on software, as well as acquisitions of software companies with material recurring revenue streams. On the company's earnings conference call, John Chen, BlackBerry's chief executive officer, announced that the board approved an increase to the current buyback program by an additional 15M shares, bringing the total available for repurchase to 21M shares. The approval was based on expectations for continued free cash flow. Chen said that he believes the company has made "good progress" moving its software business from perpetual to subscription. Chen said he is "not satisfied" as far as overall revenue and profitability, particularly in its handset business, but said the company is focused on growing device volume profitably, generating recurring revenue from IP licensing and making its software business larger. WHAT'S NOTABLE: To help strengthen its device business, Chen confirmed BlackBerry will launch a new slider device powered by Google's Android operating system later this calendar year, to be called Priv. Chen also confirmed that the company will continue to develop and enhance the BlackBerry 10 operating system and confirmed plans to release platform updates focused on security and privacy enhancements. Chen said the company is working with Google to secure Android and is not using Samsung's (SSNLF) Knox. Chen said the company is not planning another BlackBerry 10 device this year and noted that if the plan of doing the Android type of implementation "works well," it could consider replacing BB10 or merging it into Android. PRICE ACTION: BlackBerry is down 2% to $6.89 in morning trading.
08:50 EDTSSNLFBlackBerry says working with Google on securing Android
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September 24, 2015
20:04 EDTSSNLFFacebook virtual reality initiative picks up speed with $99 Samsung device
Thursday's Oculus Connect 2 event saw numerous announcements from Facebook (FB) virtual reality subsidiary Oculus VR, including content deals with major media players as well as a $99 VR headset developed in conjunction with Samsung (SSNLF). CONTENT OFFERINGS: The virtual reality firm will be partnering with Fox (FOX, FOXA) and Lionsgate (LGF) to bring more than 100 films to the Oculus Store at launch. Additionally, Netflix (NFLX), Amazon's (AMZN), TiVo (TIVO), and Hulu -- the joint venture of Disney (DIS), Fox, and Comcast's (CMCSA, CMCSK) NBCUniversal -- will be launching apps for the company's virtual reality products, bringing web TV and streaming content to early adopters of the new technology. MAINSTREAM DEVICE: Samsung joined with Oculus to reveal a new $99 "Gear VR" headset on Thursday. Standing in contrast to Oculus' own pricier devices, the Samsung headset will rely on the company's Galaxy line of smartphones to power its virtual reality experiences. Note that a major point of contention regarding the "blockbuster" potential -- or lack thereof -- of VR technology is whether consumers will be willing to pay upwards of $399 for the Oculus gadgets. Samsung's Gear VR tends more towards what Piper Jaffray analyst Gene Munster has called "medium immersion" devices, potentially allaying investor concern over adoption rates with its more attractive point of entry. PRICE ACTION: Facebook shares closed higher by 0.5% and continued to rise in after-hours trading, up another 0.2%.
12:02 EDTSSNLFSTARZ PLAY now available on Samsung Smart TVs
Starz announced that STARZ PLAY, the authenticated online TV Everywhere service for STARZ premium subscribers, has launched on Samsung (SSNLF) Smart TVs. STARZ subscribers may now watch exclusive STARZ Original series including "Blunt Talk," "Survivor's Remorse," and "Power," among others, as well as hundreds of movies and first-run films on Samsung Smart TVs. Starting today, the STARZ PLAY App will be available in Samsung App store within the Smart Hub across select 2014 and 2015 Samsung Smart TVs.
11:21 EDTSSNLFJury says Pendrell patents not infringed on by Samsung, Google products
Pendrell announced earlier, that on September 23, a jury in the United States District Court for the Eastern District of Texas found that certain claims of five digital rights management patents asserted by Pendrell (PCO) subsidiary, ContentGuard Holdings, against Samsung Electronics (SSNLF) and Google (GOOG) are valid, but that Samsung products and Google products accused in the lawsuit do not infringe the asserted patents. ContentGuard is assessing the jury's findings and evaluating its options to challenge the verdict. ContentGuard's claims against Samsung and Google are part of a larger lawsuit filed by ContentGuard against several companies that have not paid for a license to use ContentGuard's patented digital rights management solutions, including Apple (AAPL), DirecTV, HTC, Huawei and Motorola Mobility. The jury verdict does not impact ContentGuard's August 2015 settlement and license agreement with (AMZN); nor does ContentGuard believe the jury verdict will impact or delay ContentGuard's upcoming November trial against Apple. Shares of Pendrell are down 35.34% in morning trading.
09:22 EDTTSprint to offer iPhone 6s 16GB for $1 per month
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06:34 EDTSSNLFApple 'A10' processor may switch to six-cores, AppleInsider reports
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06:17 EDTTOSBFToshiba to sell stakes of 5% in white goods manufacturing units to Skyworth
Toshiba Lifestyle Products & Services announced reforms of sales strategy and operations for white goods in China and ASEAN and for countering the impacts of the stagnating Japanese market and yen depreciation. The reforms will support the company in strengthening competitiveness and improving profitability. In China, Toshiba Lifestyle Products & Services will tie-up with consumer appliance manufacturer Skyworth Co., Ltd. in the manufacture and sales of refrigerators, washing machines and vacuum cleaners. The agreement, which comes into effect in October, will give Skyworth nationwide sales rights for the three products. Toshiba Lifestyle Products & Services' two sales subsidiaries, Toshiba HA Sales and Toshiba Products & Services will be wound down. On the manufacturing side, Toshiba HA Manufacturing, a manufacturer of refrigerators and washing machines, and Toshiba Home Appliances Manufacturing, a manufacturer of vacuum cleaners, will both receive a 5% capital injection from Skyworth.
06:08 EDTSSNLFSamsung Pay has over $30M in accumulated transaction volume in first month
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