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Lundin Petroleum to acquire interest in PL674 licence, offshore Norway

2014-08-13 01:00:00| Offshore Technology

Lundin Petroleum, through its subsidiary Lundin Norway, has signed agreements to acquire a 35% interest in the PL674 licence.

Tags: interest norway licence acquire

 

Centricas subsidiary acquires stake in UK East Irish Sea licence

2014-08-06 01:00:00| Offshore Technology

Hydrocarbon Resources, a subsidiary of Centrica, has acquired a 45% interest in the UK East Irish Sea Blocks 113/26b and 113/27c (licence P.1482) from Serica Energy.

Tags: east sea irish subsidiary

 
 

Microsoft sues Samsung over IP licence payments

2014-08-04 07:56:00| Telecompaper Headlines

(Telecompaper) Microsoft has filed a lawsuit against Samsung in the US District Court for the Southern District of New York to enforce their 2011 cross-licensing contract. Microsoft corporate vice president and deputy general counsel David Howard writes in a blog post that Samsung decided in late 2013 to stop complying with the agreement to pay Microsoft royalties for its IP after Microsoft announced it was acquiring Nokia's devices and services business. The New York Times reports that the lawsuit refers to Samsung stopping making royalty payments on time for Microsoft IP used in Samsung's Android dvices and its refusal to pay interest for the delay. Samsung said it was still reviewing the suit and would determine appropriate measures in response.

Tags: microsoft samsung payments licence

 

Tata, Singapore Airlines JV hopes to launch flights by Sept-Oct, awaits flying licence

2014-07-26 17:06:55| Airlines - Topix.net

Tata-SIA Airlines Ltd today said it hoped to launch flights by September-October this year as it expressed "satisfaction" over the progress made in getting the flying licence from aviation regulator DGCA.

Tags: singapore launch flying flights

 

Qualcomm warns of licence revenue shortfall in China

2014-07-24 08:17:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported revenues for its fiscal third quarter to June of USD 6.81 billion, up 9 percent from a year earlier and 7 percent more than in the previous quarter. Operating profit rose 24 percent year-on-year to USD 2.08 billion, and net profit was up 42 percent to USD 2.24 billion or USD 1.31 per share. The results were better than the company's outlook, driven by demand for its chips in smartphones. The company however lowered its near-term outlook due to suspected under-reported revenues from licensees in China. Qualcomm estimates 287-296 million 3G/4G devices not reported or not licensed by manufacturers this year compared to its previous sales estimate, leading to a revenue shortfall. Some manufacturers may be delaying taking a licence pending the outcome of the investigation by the Chinese authorities into Qualcomm's business practices. Qualcomm said it's taking steps to address the issue, but it can't give a timetable for a resolution. As a result, the company narrowed its outlook for full-year results to 6-9 percent revenue growth and 1.04-1.13 billion devices shipped, versus a previous estimate of 5-11 percent revenue growth and 1.22-1.30 billion devices shipped. The EPS outlook was improved to 17-21 percent growth, helped by further share buybacks planned for the fourth quarter. 

Tags: china revenue licence warns

 

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