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Jan 30, 2013

Qualcomm beats street, raises guidance, shares rise

NEW YORK (Reuters) – Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) beat Wall Street expectations for its fiscal first-quarter earnings and revenue and raised its financial targets for 2013 due to growing demand for smartphones and high-speed wireless services.

Qualcomm shares rose 6.6 percent in late trade on Wednesday as the bright outlook from the leading supplier of chips for cellphones wowed investors in contrast with sluggish demand at other chip companies such as Texas Instruments (TXN.O: Quote, Profile, Research, Stock Buzz) and Broadcom Corp (BRCM.O: Quote, Profile, Research, Stock Buzz).

Jan 30, 2013

RIM changes name, unveils BlackBerry 10 in comeback bid

NEW YORK, Jan 30 (Reuters) – Research In Motion Ltd
unveiled a long-delayed line of smartphones on Wednesday it says
will put the company on the comeback trail in a market it once
dominated, promising its BlackBerry 10 devices will wow
consumers and businesses alike when they finally hit stores.

Signaling his hopes for a fresh start for the company that
pioneered on-your-hip email, Chief Executive Thorsten Heins said
RIM was abandoning the name it has used since its inception in
1985. From now on, he told tech analysts and other guests, the
company will just be known as BlackBerry.

Jan 30, 2013

RIM renamed BlackBerry, new smarthphones unveiled

NEW YORK (Reuters) – Research In Motion Ltd(RIM.TO: Quote, Profile, Research) on Wednesday unveiled a long-delayed line of smartphones it says will put the company on the comeback trail in a market it once dominated, promising its BlackBerry 10 devices will wow consumers and businesses alike when they hit stores.

Signaling his hopes for a fresh start for the company that pioneered on-your-hip email, Chief Executive Officer Thorsten Heins said RIM was abandoning the name it has used since its inception in 1985. From now on, he told tech analysts and other guests, the company will just be known as BlackBerry.

Jan 30, 2013

RIM unveils BlackBerry 10, signaling hope for new start

NEW YORK, Jan 30 (Reuters) – Research In Motion Ltd
on Wednesday unveiled a long-delayed line of smartphones it says
will put the company on the comeback trail in a market it once
dominated, promising its BlackBerry 10 devices will wow
consumers and businesses alike when they hit stores.

Signaling his hopes for a fresh start for the company that
pioneered on-your-hip email, Chief Executive Officer Thorsten
Heins said RIM was abandoning the name it has used since its
inception in 1985. From now on, he told tech analysts and other
guests, the company will just be known as BlackBerry.

Jan 29, 2013

Broadcom warns of lower first-quarter revenue

NEW YORK, Jan 29 (Reuters) – Chip maker Broadcom Corp
warned on Tuesday that first-quarter revenue would
decline from the fourth quarter, sending the company’s shares
down slightly in late trade as investors worried about a
slowdown in the smartphone market.

The maker of chips used in products ranging from television
set-top boxes to smartphones, including the Apple Inc
iPhone, forecast current quarter revenue of $1.824 billion to
$1.976 billion, missing analysts’ expectations for $2 billion.

Jan 25, 2013

AT&T to pay $1.9 billion for Verizon spectrum

NEW YORK (Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) has inked two deals worth more than $2.68 billion this week as it accelerates its push to expand its wireless spectrum holdings to beef up capacity for high-speed services.

The No 2. U.S. mobile provider said on Friday that it agreed to buy wireless airwaves from Verizon Wireless for $1.9 billion in cash, plus spectrum licenses that it will contribute to Verizon Wireless in five markets.

Jan 25, 2013

AT&T subscriber growth beats but profit margin misses

NEW YORK (Reuters) – AT&T Inc’s fourth-quarter profit was lower than expected but the telephone company promised earnings and revenue growth this year even if the economy does not improve.

Along with growth from its existing business, Chief Executive Randall Stephenson said on Thursday that AT&T is also eyeing overseas opportunities. He said the idea would be to profit from wireless expansion in countries where services are not yet as advanced as in the United States.

Jan 24, 2013

AT&T revenue, subscriber growth beats estimates

NEW YORK (Reuters) – AT&T Inc’s fourth-quarter revenue rose faster than expected and the telephone company promised more growth this year even if the economy does not improve.

Along with growth from its existing business, Chief Executive Randall Stephenson said on Thursday that AT&T is also eyeing overseas opportunities. He said the idea would be to profit from wireless expansion in countries where services are not yet as advanced as in the United States.

Jan 23, 2013

Texas Instruments warns of weak demand

Jan 22 (Reuters) – Texas Instruments Inc posted
quarterly revenue that was ahead of Wall Street expectations but
the chip maker warned of uncertain demand and a widespread
customer reluctance to order until the last minute due to
macroeconomic worries.

TI, which makes chips for everything from industrial
equipment to cars, said on Tuesday that while orders appeared to
be following a normal pace for this time of year, customers were
still worried about increasing their inventory of chips.

Jan 22, 2013

Verizon posts weak 4th qtr, promises a better 2013

Jan 22 (Reuters) – Verizon Communications Inc posted
a weaker-than-expected wireless operating profit margin due to
hefty costs from smartphones like Apple’s iPhone, but the U.S.
telephone company promised a big improvement this year as it
cuts costs.

While Verizon’s fourth-quarter bottom line was weaker than
anticipated, investors were encouraged when Chief Financial
Officer Fran Shammo said on Tuesday that the company could be in
a position to buy back shares sooner than expected and that
wireless margins could rise this year to as high as 50 percent.

    • 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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