Sinead's Feed
Mar 26, 2013
Mar 14, 2013

Samsung Galaxy S4 debuts on Apple’s home turf

NEW YORK (Reuters) – Samsung Electronics Co(005930.KS: Quote, Profile, Research) on Thursday premiered its latest flagship phone, the Galaxy S4, which sports a bigger display and unconventional features such as gesture controls and will spearhead its effort to challenge Apple Inc(AAPL.O: Quote, Profile, Research) on its home turf.

The phone is the first in Samsung’s highly successful Galaxy S-series to make its global debut on U.S. soil, and represents another bet that consumers prefer larger screens.

Mar 14, 2013

Samsung Galaxy S4 emerges to do battle on Apple’s home turf

NEW YORK (Reuters) – Samsung Electronics Co on Thursday premiered its latest flagship phone, the Galaxy S4, which sports a bigger display and unconventional features such as gesture controls and will spearhead its effort to challenge Apple Inc on its home turf.

The phone is the first in Samsung’s highly successful Galaxy S-series to make its global debut on U.S. soil, and represents another bet that consumers prefer larger screens.

Mar 13, 2013
Mar 13, 2013

VMware projects revenue hike, EMC unveils Pivotal plan

By Sinead Carew

(Reuters) – Software company VMware Inc promised to boost its annual revenue growth as high as 20 percent in coming years, sending its shares up 7 percent on Wednesday morning.

The company, which is 80 percent-owned by data storage leader EMC Corp, was presenting at an investor meeting on Wednesday where the two companies also outlined their plans to set up Pivotal, a venture that will be majority-owned by EMC.

Mar 8, 2013

Texas Instruments raises its earnings, revenue target

NEW YORK (Reuters) – Texas Instruments (TXN.O: Quote, Profile, Research, Stock Buzz) raised its targets for first-quarter earnings and revenue to the upper end of its previous forecast ranges, due to improving demand for its chips in an industry that has been hit for several quarters by a weak global economy.

TI, a maker of chips for a wide array of products ranging from computers to industrial equipment, said on Thursday that chip orders were increasing and that it expects the trend to continue.

Feb 28, 2013

Top MetroPCS investor to vote against T-Mobile USA deal

NEW YORK (Reuters) – Paulson & Co, the largest shareholder of MetroPCS Communications Inc, said it will vote against the wireless service provider’s proposed merger with T-Mobile USA, a unit of Deutsche Telekom AG, unless the companies sweeten the deal.

Paulson, owner of 36.3 million shares or 9.9 percent of MetroPCS stock, is following in the footsteps of another shareholder, P. Schoenfeld Asset Management LP (PSAM). PSAM, whose holdings represented 1.66 percent of MetroPCS shares at year end, is leading a proxy battle against the merger.

Feb 28, 2013

Paulson to vote against MetroPCS/T-Mobile USA deal

NEW YORK (Reuters) – Paulson & Co, the largest shareholder of MetroPCS Communications Inc (PCS.N: Quote, Profile, Research, Stock Buzz), said it will vote against the wireless service provider’s proposed merger with T-Mobile USA, a unit of Deutsche Telekom (DTEGn.DE: Quote, Profile, Research, Stock Buzz), unless the companies sweeten the deal.

Paulson, an owner of 36.3 million shares or 9.9 percent of MetroPCS stock, is following in the footsteps of another shareholder, P. Schoenfeld Asset Management LP (PSAM). PSAM, whose holdings represented 1.66 percent of MetroPCS shares at year end, is leading a proxy battle against the merger.

Feb 27, 2013

Clearwire to tap Sprint money but continue Dish talks

By Sinead Carew

(Reuters) – Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) said on Wednesday that it would draw on $80 million in financing from Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz), which is seeking to buy it, but vowed to continue talks with rival bidder Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz).

Shares of Clearwire fell 1.5 percent to $3.15 after the decision, which could end Dish Chairman Charlie Ergen’s effort to buy the wireless service provider. But the stock was still above Sprint’s offer price of $2.97 per share, showing that investors still held out hope for a higher valuation.

Feb 22, 2013

Dividend cut worries hit Windstream, telecom sector

NEW YORK, Feb 22 (Reuters) – CenturyLink Inc’s 25
percent cut in its quarterly dividend last week has sparked
fears other telecom operators such as Windstream Corp
will follow suit.

While analysts say investors should not worry about
companies such as Frontier Communications and bigger
operator AT&T Inc making dividend cuts any time soon, they
are much less optimistic about Windstream.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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