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Cisco to buy Jasper IoT platform for USD 1.4 bln
2016-02-04 08:19:00| Telecompaper Headlines
(Telecompaper) Cisco has agreed to acquire Jasper Technologies, the US-based developer of a cloud-based platform for offering IoT services. Japser's platform is used by telecom operators to launch, manage and monetize IoT services over mobile networks. Under the terms of the agreement, Cisco will pay USD 1.4 billion in cash and assumed equity awards, plus additional retention-based incentives. The proposed acquisition will allow Cisco to offer a complete IoT solution that is interoperable across devices and works with IoT service providers, application developers and an ecosystem of partners. Cisco said it will continue to build upon the Jasper IoT service platform and add new IoT services such as enterprise Wi-Fi, security for connected devices, and advanced analytics to better manage device usage. Jasper CEO Jahangir Mohammed will run the new IoT Software Business Unit at Cisco.
Amazon.com sales jump 22% to USD 36 bln in Q4
2016-01-29 08:02:00| Telecompaper Headlines
(Telecompaper) Amazon.com saw its net sales for its fourth quarter to 31 December increase 22 percent year-on-year to USD 35.7 billion. Net income more than doubled to USD 482 million in the fourth quarter, or USD 1.00 per diluted share, compared with net income of USD 214 million, or USD 0.45 per diluted share, in fourth quarter 2014. The company expects net sales in Q1 2016 to be between USD 26.5 billion and USD 29.0 billion, or to grow between 17 percent and 28 percent compared with first quarter 2015.
Google paid Apple USD 1 bln for search on iPhone - report
2016-01-22 09:51:00| Telecompaper Headlines
(Telecompaper) Google received USD 1 billion from Apple in 2014 to carry its search bar on the iPhone, reports Bloomberg, based on transcripts of a court proceedings from Oracle's copyright lawsuit against Google. Speculation about how much Google pays have circulated for years, but the firms never disclosed it publicly. Oracle attorney Annette Hurst said a Google witness questioned during pre-trial information disclosed that at one time the revenue share was 34 percent. The transcript did not make it clear whether the percentage is the amount paid to Apple or kept by Google.
Tags: search
report
google
paid
Foxconn offers JPY 625 bln for Sharp - report
2016-01-21 08:36:00| Telecompaper Headlines
(Telecompaper) Foxconn has offered about JPY 625 billion (USD 5.3 billion) to take over Sharp, people familiar with the matter told the Wall Street Journal. Sharp is set to review a competing offer from Innovation Network Corp of Japan, a government-backed investment fund. An unnamed source told the paper that the fund was weighing a bid of around JPY 300 billion; this figure was earlier reported by the Nikkei newspaper. Japanese officials have expressed concern about letting Sharp come under foreign control due the company's key technology in display panels. Innovation Network already owns a controlling stake in Japan Display, another major display maker. Foxconn is offering more money for Sharp and a willingness to shoulder all of its debt, people familiar with the offer said. Those conditions are meant to persuade Sharp's creditors to make a decision based on the economics of the deal, rather than political considerations, according to the report.
Tags: report
offers
sharp
foxconn
ZTE revenues up 24% to over CNY 100 bln in 2015
2016-01-19 12:44:00| Telecompaper Headlines
(Telecompaper) ZTE reported net profit for 2015 up 43.5 percent to CNY 3.78 billion. Revenues increased 23.8 percent to top CNY 100 billion for the first time, and operating profit jumped to CNY 1.04 billion from CNY 60.3 million a year earlier, according to the company's preliminary report. ZTE attributed the strong growth to sales of LTE network equipment, both abroad and at home in China, as well as sales of optical network equipment, high-end routers, enterprise ICT equipment and 4G smartphones. The company said it also improved its debt ratios, reduced interest expenses and increased cash flow in the past year. ZTE will release a full annual report 23 March.
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