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Dec 10, 2012

Texas Instruments slightly boosts a profit target

NEW YORK, Dec 10 (Reuters) – Texas Instruments Inc
on Monday slightly improved a profit target, excluding a massive
restructuring charge, as the company is cutting costs due to
macro-economic uncertainties.

While the company did not improve the mid-point of its
revenue target, a key measure of demand for its chips, its
non-GAAP earnings outlook was a penny better than expected.

Dec 7, 2012

Mobile USA plans to ditch phone subsidies, sell iPhone in 2013

NEW YORK, Dec 6 (Reuters) – T-Mobile USA said on Thursday it
planned to stop subsidizing smartphones, the first major U.S.
carrier to do so, in a move it hopes will cut costs and woo
customers frustrated with restrictions on upgrades in
longer-term contracts.

T-Mobile USA also announced an agreement to sell the iPhone,
becoming the last big carrier to sign on with Apple Inc
, which will also help it win new customers and keep
existing subscribers.

Dec 6, 2012

AT&T joins forces with Akamai, boosts Akamai shares

NEW YORK, Dec 6 (Reuters) – AT&T Inc has agreed to
partner with Akamai Technologies Inc instead of
competing with it on content delivery network (CDN) services,
which deliver content faster by avoiding Internet congestion,
sending Akamai’s shares up 10 percent.

As part of their agreement, AT&T will transfer its existing
CDN operations, customers and services to Akamai’s platform in
2013, the company said on Thursday.

Nov 15, 2012

Texas Instruments cuts 1,700 jobs, winds down tablet chips

NEW YORK/SAN FRANCISCO (Reuters) – Texas Instruments is eliminating 1,700 jobs, as it winds down its mobile processor business to focus on chips for more profitable markets like cars and home appliances.

Texas Instruments said in September it would halt costly investments in the increasingly competitive smartphone and tablet chip business, leading Wall Street to speculate that part of the company’s processor unit, called OMAP, could be sold.

Nov 12, 2012

Verizon Wireless to pay $8.5 billion dividend to its owners

NEW YORK (Reuters) – Verizon Wireless said on Monday that its board agreed to pay a total dividend of $8.5 billion to its two parent companies, Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz) and Vodafone Group Plc (VOD.L: Quote, Profile, Research, Stock Buzz).

The announcement follows months of investor speculation as to whether Verizon Wireless would pay a dividend this year.

Nov 7, 2012

Qualcomm revenue beats Street, shares rise

NEW YORK, Nov 7 (Reuters) – Qualcomm Inc reported
quarterly earnings and revenue that blew past Wall Street
expectations as demand increased for chips in devices such as
smartphones and tablet computers, sending its shares up almost 8
percent.

The leading supplier of chips for cellphones also gave a
bullish forecast for the current quarter and the year ahead, in
stark contrast with bleak outlooks from other chip companies.

Nov 7, 2012

AT&T to boost annual spending 16 percent to $22 billion

By Sinead Carew

(Reuters) – AT&T Inc will boost capital spending by about 16 percent to $22 billion a year for the next three years to fund upgrades to its wireless and wireline networks, the company said on Wednesday.

AT&T shares fell more than 2 percent after the news.

AT&T needs to invest to compete better with Verizon Communications Inc, which is ahead in delivering high-speed mobile services, and must improve its rural phone lines, comprised of outdated copper technology.

Nov 7, 2012

AT&T to boost annual spending 16 pct to $22 bln

Nov 7 (Reuters) – AT&T Inc will boost capital spending
by about 16 percent to $22 billion a year for the next three
years to fund upgrades to its wireless and wireline networks,
the company said on Wednesday.

AT&T shares fell more than 2 percent after the news.

AT&T needs to invest to compete better with Verizon
Communications Inc, which is ahead in delivering
high-speed mobile services, and must improve its rural phone
lines, comprised of outdated copper technology.

Nov 5, 2012

Apple sells 3 million iPads over first weekend

SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc sold 3 million of its new iPads in the first three days the tablet computers were available, driving optimism for a strong holiday quarter despite intensifying competition.

Sales of the 7.9-inch iPad mini and fourth-generation 9.7-inch version, both Wi-Fi only models, were double the first-weekend sales of the Wi-Fi iPad sold in March, Apple said on Monday.

Nov 3, 2012

Besides destruction, Sandy brought lots of unusual birds

NEW YORK (Reuters) – While superstorm Sandy sent most people running for shelter wherever they could find it, bird enthusiasts rushed outdoors as soon as possible to scan the skies for birds that usually don’t visit these parts.

A powerful storm can take birds far from home or thousands of miles off their migratory course if they are swept up in the center of a storm and carried along until they reach the first spot where it is safe to land.

    • 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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