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China Techfaith Wireless Communication ( CNTF ) Print E-mail
Telecom
Written by Editor   
Thursday, 20 May 2010 10:15
TechFaith Reports First Quarter 2010 Financial Results

China Techfaith Wireless Communication Technology Limited (NASDAQ:CNTF ) ("TechFaith" or the "Company") today announced its unaudited financial results for the first quarter ended March 31, 2010.

For the first quarter of 2010, TechFaith reported net revenue of US$60.9 million (RMB 415.8 million), a 1.8% increase compared to US$59.8 million (RMB 408.3 million) in the fourth quarter of 2009 and a 25.1% increase compared to US$48.7 million (RMB 332.9 million) in the same period of last year. Gross margin for the first quarter of 2010 improved to 22.0% compared to 16.1% in the previous quarter and 18.1% in the same quarter last year. Net income attributable to Techfaith for the first quarter of 2010 was US$6.9 million (RMB47.1 million), compared to US$3.1 million (RMB21.2 million) in the fourth quarter of 2009, and US$2.1 million (RMB14.4 million) in the same quarter of last year.

 
Palm, Inc ( PALM ) Print E-mail
Telecom
Written by Editor   
Wednesday, 28 April 2010 13:56
HP to Acquire Palm for $1.2 Billion

Combination will Accelerate HP’s Growth within the More Than $100 Billion Connected Mobile Device Market

HP (NYSE: HPQ) and Palm, Inc. (NASDAQ: PALM) today announced that they have entered into a definitive agreement under which HP will purchase Palm, a provider of smartphones powered by the Palm webOS mobile operating system, at a price of $5.70 per share of Palm common stock in cash or an enterprise value of approximately $1.2 billion. The transaction has been approved by the HP and Palm boards of directors.

The combination of HP’s global scale and financial strength with Palm’s unparalleled webOS platform will enhance HP’s ability to participate more aggressively in the fast-growing, highly profitable smartphone and connected mobile device markets.

 
RELM Wireless Corporation ( RWC ) Print E-mail
Telecom
Written by Editor   
Tuesday, 08 December 2009 09:36
U.S. Internal Revenue Service Issues Contract

RELM Wireless Corporation (NYSE: AMEX - RWC) today announced that it has been named as a contractor under a contract issued by the U.S. Internal Revenue Service (IRS). The contract is for the procurement of P25 digital two-way radios and related equipment by a broad range of federal government agencies such as the departments of Justice, Treasury, Commerce, Education, Transportation, Veterans' Affairs, and numerous others. The maximum total value of the contract is $750 million and spans up to five years commencing on November 30, 2009. The contract includes a select group of companies, including RELM, that meet established criteria. The contract does not specify purchase dates or quantities of equipment from any particular supplier.

RELM President and Chief Executive Officer David Storey commented, "We are excited to add the IRS contract to our portfolio, which includes federal contracts related to the U.S. Department of Interior, the U.S. Department of Agriculture, the General Services Administration (GSA) and the U.S. Postal Service, as well as over 40 state contract vehicles.

 
AsiaInfo Holdings Inc ( ASIA ) Print E-mail
Telecom
Written by Editor   
Monday, 07 December 2009 12:04
AsiaInfo and Linkage to Merge

AsiaInfo Holdings, Inc. (Nasdaq: ASIA) ("AsiaInfo" or "the Company") and Linkage Technologies International Holdings Limited ("Linkage"), leading providers of software solutions and IT services for the telecommunications industry in China, today jointly announced that they have signed a definitive agreement to merge, forming AsiaInfo-Linkage, Inc. ("AsiaInfo-Linkage"). The transaction will leverage both AsiaInfo's and Linkage's leading market positions and complementary customer bases to provide a robust, full-service offering to telecom operators.

Under the terms of the agreement, Linkage shareholders will receive US$60 million in cash and approximately 26.8 million AsiaInfo shares upon closing of the transaction.

 
VirnetX Holding Corporation ( VHC ) Print E-mail
Telecom
Written by Editor   
Wednesday, 02 December 2009 10:17
VirnetX Declares Essential Patents for 4G Security

VirnetX Holding Corporation (NYSE Amex: VHC), a secure real-time communications and collaboration technology company, today announced that it has declared to the 3GPP (3rd Generation Partnership Project) that its U.S. and international patents are or may be essential to Long Term Evolution (LTE) and 4G wireless specifications. The Company declared 23 patents and 28 applications that specifically pertain to 4G security standards.

VirnetX believes it will hold the majority of 4G essential patents related to Series 33 specifications that define security standards for LTE/4G and is prepared to license the use of its patents for incorporation into 4G related products such as chips, servers, smartphones, laptop computers, etc.

"Declaring our patents as essential to 4G is a significant complement to our already active licensing model," said Kendall Larsen, VirnetX CEO and President.

 
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