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Business, Financial & Legal Posts - Page 82

T-Mobile invites press to New York press event on July 10, claims "our boldest moves yet"

T-Mobile has sent out invitations to a New York press event taking place on July 10. T-Mobile hasn't given any sort of indication of what they will be unveiling, however, the invitation does state that this is "Our boldest moves yet" which seems to indicate they will be doing more than one thing at the press event.

 

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We'll be sure to let you know what T-Mobile unveils, announces, or otherwise makes known at the July 10 event. Doors open at 2pm EST, so you can expect news to start coming shortly after that.

 

This event could possibly relate to its Uncarrier plans, with rumors of a phase two taking place July 14. It could also be to announce the Xperia Z, currently rumored to be coming on July 17.

Judge denies Apple's request to include GALAXY S4 in patent lawsuit

Apple's motion to add the new Samsung GALAXY S4 to an ongoing patent lawsuit was rejected by a judge. The courts seem to be getting tired of the continual battles between Apple and others. The judge, US Magistrate Judge Paul S Grewal, noted that an additional product would be a "tax on the court's resources."

 

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Each time these parties appear in the courtroom, they consume considerable amounts of the court's time and energy, which takes time way from other parties who also require and are entitled to the court's attention.

 

Apple has said that the judge's rejecting of the GALAXY S4 would require the company to file another lawsuit. It doesn't appear that Apple plans to quit its ongoing legal assault of Samsung anytime soon. Apple has so far been successful in the United States, though legal battles around the world have been mixed.

Apple applies for patent on a combo SD/USB port

Apple has applied for a patent on a combination SD/USB port which could be used to save space on the ever-shrinking MacBook Pro and Air. This would allow more ports to be added to a system. The patent offers USB and SD cards as the example, but it could easily be applied to other connectors.

 

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Apple explains it in technical speak:

 

The input port includes an outer wall defining a receiving aperture, a substrate positioned within the receiving aperture. A first set of contacts is positioned on the substrate at a first depth into the receiving aperture and a second set of contacts is positioned on a first surface of the outer wall at a second depth into the receiving aperture. The first set of contacts is configured to communicate with a first connector and the second set of contacts is configured to communicate with a second connector.

 

Whether or not something like this would come to fruition depends on if Apple can develop the technology behind combining ports. It's a rather difficult problem due to different form-factors, connections, and other factors.

id Software president Todd Hollenshead leaves the company

Todd Hollenshead, the president and former CEO of the infamous id Software has left the company with Bethesda confirming the news with IGN today. Bethesda's Pete Hines said:

 

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After many years with the studio, Todd Hollenshead decided to leave id Software to pursue other personal interests. While Todd was not part of the development teams, he was an integral part of id Software's success as the business head of the studio and we wish him the very best in his future endeavors.

 

Hollenshead joined id Software all the way back in 1996 where he was the company CEO, then served as President of id Software when the company was acquired by ZeniMax in 2009.

RumorTT: Verizon to acquire Canadian provider Wind Mobile for $800 million

Verizon is wanting to extend their control of the wireless market, with the new rumor circling around that they will acquire Canadian wireless provider Wind Mobile.

 

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Verizon have reportedly offered Wind Mobile a tentative offer of between $600 million and $800 million with the final price being decided once the company completes its due diligence. Verizon aren't stopping there, where they might be whipping out their credit card to acquire rival wireless startup Moilicity.

 

The Canadian government previously flexed their muscle, denying Teleus's bid to license Mobilicity spectrum. Government officials should okay this deal though, as it will increase competition in the Canadian wireless market.

Dish no longer wants Clearwire, withdraws offer after Sprint increases their bid

Sprint recently sweetened their offer for Clearwire and it was apparently enough to push Dish away. Dish has announced that they have withdrawn their offer to acquire Clearwire, citing a "change in recommendation" at Clearwire. In plain English, this means that shareholders now prefer Sprint's sweetened offer and are suggesting the board take it instead of Dish's.

 

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Interestingly enough, Sprint is about to be acquired by Softbank as soon as it clears all of the regulatory hurdles. In other words, Softbank will be acquiring Clearwire and the spectrum that Clearwire owns. It's not clear what Sprint plans to do with Clearwire after the acquisition, though they'll likely make use of the spectrum for faster LTE.

Facebook, Microsoft, Apple, Yahoo, & Skype hit with Prism data protection complaint in EU

Facebook, Microsoft, Apple, Yahoo, and Skype have been hit with a complaint in the European Union over data protection issues in relation to the recently revealed NSA spying program Prism. THe complaint has been brought by the same group that ran the Europe v Facebook campaign. Through this latest complaint, they hope to gain clarification on the laws regarding foreign data passing to US agencies.

 

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These five companies have been selected specifically because of their corporate structure. Each has a subsidiary in the European Union, which should be required to follow EU data protection rights and policies. The question becomes a bit less straightforward when these companies have US headquarters, possibly making them be required to comply with US laws that are in conflict with EU laws. They have an excellent explanation:

 

If a European subsidiary sends user data to the American parent company, this is considered an "export" of personal data. Under EU law, an export of data is only allowed if the European subsidiary can ensure an "adequate level or protection" in the foreign country. After the recent disclosures on the "PRISM" program such trust in an "adequate level of protection" by the involved companies can hardly be upheld.

 

There can in no way be an adequate level of protection if they cooperate with the NSA on the other end of the line. Right now an export of data to the US must be seen as illegal if the involved companies cannot disprove the reports on the PRISM program.

Continue reading 'Facebook, Microsoft, Apple, Yahoo, & Skype hit with Prism data protection complaint in EU' (full post)

Analyst cuts Q3 Apple sales estimates, cites slower sales

Things might not be perfect for everyone's favorite fruit company. Oppenheimer analyst Ittai Kidron has cut his expectations for Apple's third-quarter earnings. He notes that iPhone 4 and iPhone 4S sales are "stable," but iPhone 5 sell-through has been "mixed." He notes that with expectations that Apple will launch a new iPhone in September, sales will be lower ahead of the rumored launch.

 

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Kidron expects Apple to see earnings-per-share of $7.23 on $35 billion in revenue for the June quarter. For Apple's fourth quarter, Kidron expects Apple to see EPS of $8.84 on $38.9 billion in revenue. He also expects it to be a decent amount of time before something comes along to boost Apple's share price. iTV is what he believes to be the best chance for Apple's share price to increase.

 

Apple's stock briefly dropped below the $400 mark before bouncing back up to close at $402.63.

ReportTT: Snapchat founders each got $10 million in secondary offering

Snapchat founders Evan Spiegel, 22, and Bobby Murphy, 24, have reportedly each pocketed $10 million a piece through a secondary offering. A secondary offering is one in which the founders of the company offer up some of their shares to be sold to investors. This usually only occurs with a hot property, such as Snapchat, and allows the founders a bit of liquidity, since they likely won't be making money off of Snapchat for a while.

 

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Yesterday we reported that Snapchat raised $60 million during a funding round, however, other reports have surfaced that that the company raised a total of $80 million through the two funding rounds, with the secondary funding round being done by the founders. Snapchat has not yet disclosed the secondary funding round that others have reported.

 

It looks as though Snapchat could be poised to become the next Instagram and investors clearly don't want to miss out on the opportunity.

Snapchat finally gets a plan for revenue, looking at in-app purchases and native ads

Everyone's favorite self-destructing picture messaging service has finally developed a plan to generate revenue. As of right now, the company doesn't have any source of income other than investors, who recently gave the company $60 million in investment funds. The development, server, and operating costs have all been paid for by investment funds.

 

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In order to become a viable company, Snapchat needs to start making money. CEO Evan Spiegel has detailed Snapchat's plans to start making money. The first part of the plan, and the one likely to be implemented first, makes use of in-app purchases. The Snapchat team has been investigating various customization options that people might be willing to pay for. This could include more photo editing tools, like Instagram's filters, the ability to modify font size, color, etc, and interface customizations. The company notes that they haven't considered allowing people to pay to save snaps.

 

Eventually Snapchat would like to introduce native advertising. It's worth noting that Snapchat already advertises to its own users on holidays, usually by way of an animated video with the Snapchat Ghost. Snapchat says brands can already do this provided they are friends with other users or know the handle of the users they are trying to reach.

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