Sprint's shares were down 9 percent at $4.41 in premarket trading on Tuesday. The shift to monthly leasing plans has resulted in increased cash burn as Sprint needs to pay upfront for mobile devices but gets paid only monthly by subscribers. Sprint has said it has been working with majority owner SoftBank to set up a company that will fund its upfront device payments to help support its leasing plans.
Apple's loyal army of software developers is joining the tech giant in its bid to conquer the living room with a new version of Apple TV, creating apps for the big screen that they hope will attract users and unlock a rich source of revenue. A long-awaited update to Apple TV, which launched in 2007, will start shipping in 80 countries on Friday. An App Store is the centerpiece of the new device, and hundreds of apps will be ready at launch, including gaming, shopping and photography.
By Julia Love and Devika Krishna Kumar SAN FRANCISCO (Reuters) – Apple Inc painted a rosy picture for its new iPhones as it reported quarterly results on Tuesday, but investors were more focused on the company's next test: topping last year's record holiday sales. Shares of the world's most profitable company initially rose 3 percent in extended trade after Apple beat Wall Street's sales and profit forecasts, but the gains largely evaporated later. In the world's most important market for smartphones, Apple's sales in Greater China in its fourth fiscal quarter nearly doubled from a year ago to $12.52 billion, accounting for nearly a quarter of its total revenue.
SanDisk shares hit a high of $78.50 on Wednesday, but closed nearly $10 below the offer price of $86.50 in cash and stock, a fact that analysts attributed to the deal's complexity. Western Digital said the value of the transaction hinges on the closing of an investment in the company by Unisplendour Corp Ltd, a unit of China's state-backed Tsinghua Holdings Co Ltd [TSHUAA.UL]. Unisplendour said in September it would buy 15 percent of Western Digital for $3.78 billion, a deal that is likely to face regulatory scrutiny amid national security concerns.
Robotic prosthetics have long been the dream of sci-fi buffs, but they are fast becoming real devices that can help those suffering from debilitating injuries. These robotics arms and legs […]
By Allied Time If you want better results from the people who work for your company, something as simple as a fingerprint time clock will suffice. These tools have never […]
Written by: The Midland Certified Reagent Company Oligos have come a long way in the research field. In laboratories all over the world, oligonucleotides are being used for diagnostic and […]
By Andrew Chung NEW YORK (Reuters) – Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison's licensing arm without permission in chips found in many of its most popular devices. The jury in Madison, Wisconsin also said the patent, which improves processor efficiency, was valid. The trial will now move on to determine how much Apple owes in damages.
(Reuters) – President Barack Obama's administration has backed away from seeking legislation that would give U.S. law enforcement agencies access to individuals' encrypted messages, the White House said on Saturday. “We are actively engaged with private companies to ensure they understand the public safety and national security risks that result from malicious actors’ use of their encrypted products and services,” said White House spokesman Mark Stroh. “However, the administration is not seeking legislation at this time.” Stroh reiterated comments by Federal Bureau of Investigation Director James Comey, who in testifying before a Senate committee on Thursday said the administration would not seek a bill allowing it to crack into encrypted information.
World No. 1 chipmaker Intel Corp will be given the go-ahead from the EU for its $16.7 billion bid for Altera Corp , its largest ever deal, two people familiar with the matter said on Friday. The U.S. company is looking to Altera to reinforce its portfolio of higher-margin chips used in data centers and to focus on chips for cars, watches and other devices in a future “Internet of Things.” The U.S. Department of Justice cleared the deal unconditionally last month while other agencies such as the Chinese are also looking at the bid. The European Commission will clear the deal without requiring concessions from Intel as it does not see any competition issues, the sources said.