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News Breaks
March 22, 2013
09:32 EDTWILN, ALU, SNE, ERICTrial date set for Wi-LAN case against Alcatel-Lucent, Sony Mobile, HTC, Ericsson
Wi-LAN announced that yesterday a pre-trial conference was held before Judge Leonard Davis in WiLAN's 3GPP HSPA litigation involving Alcatel-Lucent (ALU), Ericsson (ERIC), Sony Mobile Communications (SNE), and HTC Corporation in the U.S. District Court for the Eastern District of Texas. Judge Davis ordered that trial will now be "set for June, or July or possibly, early fall" rather than April 8, 2013.
News For WILN;ALU;SNE;ERIC From The Last 14 Days
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September 15, 2014
11:45 EDTSNEMicrosoft slips after confirming purchase of Minecraft maker
Shares of software giant Microsoft (MSFT) are lower after the company reached an agreement to acquire Mojang, the developer for the "Minecraft" video game franchise. WHAT'S NEW: Microsoft announced this morning that it agreed to acquire Mojang for $2.5B. The company expects the acquisition to be break-even in FY15 on a GAAP basis. The acquisition is expected to close in late 2014. Microsoft plans to continue to make "Minecraft" available across all the platforms on which it is available today, which include its own Xbox platform, as well as on PCs, iOS, Android, and Sony's (SNE) PlayStation. "Minecraft" has had more than 100M downloads on PC alone since its launch in 2009, the company stated. WHAT'S NOTABLE: The announcement confirms a Wall Street Journal report from September 9 that said Microsoft was nearing a deal to buy the game maker for more than $2B. The report noted a Mojang acquisition would be the first multi-billion dollar acquisition by CEO Satya Nadella and it may be an unexpected push after Nadella had signaled a focus on its enterprise business rather than its consumer ones. Ahead of the acquisition, Reuters reported on September 13 that the impending purchase is aimed at pulling users onto Microsoft's Windows Phone platform. In the report, Tap Lab CEO Dave Bisceglia said, "If Microsoft could on Windows phones give players a unique and compelling experience that you can't get on the other platforms, that could be a driver to sell devices to existing Minecraft fans.” ANALYST OPINION: The Reuters report also cited Nomura analyst Rick Sherlund, who said "We don't view this acquisition as a signal of Microsoft's intent to double down on Xbox but consider it an attempt to better address mobile on a cross-platform basis." Also commenting on Microsoft this morning was Morgan Stanley, which expects the company to have a durable 12%-14% total return profile from full-year 2015 to full-year 2017. The firm increased its price target on the stock to $51 from $43, but with Microsoft trading at a 13% premium to the S&P, Morgan Stanley said investors should wait for better entry points before getting more aggressive in buying the shares. The firm added that Microsoft's solid enterprise business, stabilizing consumer business, and a shift towards more attractive cloud assets puts its on a more solid footing than it has ever seen, pointing towards sustained EPS growth. PRICE ACTION : In late-morning trading, Microsoft fell $0.42, or 0.9%, to $46.28.
10:31 EDTWILNWi-LAN unit enters license agreement with Wincor
WiLAN announced that the company's subsidiary, Open Network Solutions, entered into a license agreement with Wincor Nixdorf and Wincor Nixdorf, collectively known as Wincor. The licensed patents relate to networking capabilities of non-standard devices.
07:29 EDTSNESony's 'No Good Deed' tops weekend box office, WSJ reports
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06:25 EDTSNEWearable orders appear optimistic in 2014, DigiTimes reports
Supply chains are seeing optimistic demand throughout 2014 for wearables, reports DigiTimes. Makers are seeing orders for flexible AMOLED panels and component orders for 1.56-inch panels. Reference Link
September 12, 2014
08:05 EDTSNERockstar Games says Grand Theft Auto V to launch Nov. 18 for PS4, Xbox One
Rockstar Games (TTWO) announced that Grand Theft Auto V will arrive on the PlayStation 4 (SNE) computer entertainment system and Xbox One, the all-in-one games and entertainment system from Microsoft (MSFT) on November 18, with the PC version to follow on January 27, 2015.
07:19 EDTSNESony confirms PS4 tops U.S. console sales for eighth straight month
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07:19 EDTSNEConsoles lead video game sales up 8% in August, Bloomberg reports
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07:05 EDTERICEricsson agrees to acquire Fabrix Systems for $95M
Ericsson announced it has entered into an agreement to acquire Fabrix Systems, a leading provider of cloud storage, computing and network delivery for video applications that today power some of the most advanced cable and telecom cloud DVR deployments. Fabrix Systems further extends Ericsson's leading TV and media portfolio with a cloud based scale out storage and computing platform focused on providing a simple, tightly integrated solution optimized for media storage, processing and delivery applications such as cloud DVR and video-on-demand expansion. Fabrix Systems was founded in 2006 with offices in the US and Israel and brings a team of highly skilled cloud computing software engineers. The company has 103 employees. The purchase price for 100% of the shares in Fabrix Systems is $95M. The acquisition is expected to close in the Q4, subject to customary closing conditions. Fabrix Systems will be incorporated into Business Unit Support Solutions.
07:01 EDTERICIDT Corp to sell Fabrix Systems to Ericsson
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06:30 EDTSNEGlobal tablet shipments to increase 9.1% in Q3, DigiTimes Research reports
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05:41 EDTSNESony collaborates with Teradek
Teradek announced collaboration with Sony to integrate Sony’s wireless camera adapter, the CBK-WA100 and CBK-WA101, with Teradek’s T-Rax and Slice H.264 decoders. The integration offers broadcasters a powerful point-to-point MPEG-2 solution for HD live video transmission from the field to TV stations or ENG trucks.
September 10, 2014
12:46 EDTSNESony Entertainment CEO says division spin-off 'not happening,' NY Post reports
The CEO of Sony's entertainment division, Michael Lynton, said that Sony is not entertaining a sale, spin-off, or joint venture of its entertainment business, New York Post reports, citing an overview of the business from Lynton during Golgman Sachs' Communacopia conference. Lynton also said that the entertainment division's music business has a very bright future, and the company "really wants the subscription model to thrive." Lynton also said that network TV is a promising business if producers know the landscape of the international market, New York Post added. Reference Link
12:06 EDTERICEricsson, SAP announce solution for enterprise mobility management
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10:01 EDTSNEViacom and Sony reach internet distribution agreement
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07:41 EDTALUBofA/Merrill to hold a conference
European High Yield & Loans Conference 2014 to be held in London, England on September 10.
September 9, 2014
07:29 EDTALU, ERICUBM Canon to hold a summit
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07:28 EDTERIC, ALUThe Money Event, Inc to hold a conference
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07:17 EDTERICThe Wireless Association to hold a conference
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07:11 EDTERIC, ALUUBM Tech to hold a conference
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September 8, 2014
10:04 EDTALUAlcatel-Lucent sees commercial release of Enterprise Small Cells in early 2015
Alcatel-Lucent (ALU) has announced that it will introduce its new Enterprise Small Cell device at the beginning of 2015. In collaboration with Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), Alcatel-Lucent is developing a small cell solution that will allow operators to extend superior 3G, 4G LTE and Wi-Fi connectivity and coverage into the office for in-building customers. The rapid development of the solution has led the company to extend its plans to include LTE and multi-standard residential cells, Alcatel said.
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