my colleague @jenniferhoytcummings dispenses some advice to those poor poor future Facebook millionaires http://t.co/UbGfYUFR
Qualcomm handily beats Street, shares rise
NEW YORK (Reuters) – Qualcomm Inc’s quarterly profit easily beat Wall Street forecasts and the wireless chip leader raised its full-year financial targets due to growing demand for smartphones such as Apple Inc’s popular iPhone.
Shares in the biggest supplier of cellphone chips rose 5 percent after the company also said it has been winning business from rivals and is benefiting from growing demand for smartphones in emerging markets such as China.
Could phone lease vs purchase solve smartphone subsidy/ smartphone envy problems? TMNG thinks so http://t.co/Pspxqig4
RIM CEO eyes “significant” plans for BlackBerry
NEW YORK (Reuters) – Research in Motion’s Thorsten Heins plans to waste no time in his new job. The BlackBerry maker’s chief executive said he will present the board with his plan for company’s future in just a matter of weeks.
The German-born executive, who took over from two longstanding co-CEOs on Saturday, said his plans for RIM would be “significant” though he did not divulge details in an interview with Reuters.
AT&T CEO spoils for fresh fight with FCC
In case you had any illusions about the state of relations between Randall Stephenson and Federal Communications Chairman Julius Genachowski, the AT&T CEO should have put them to rest by now.
Still smarting from his December withdrawal from a $39 billion plan to buy smaller rival T-Mobile USA, Stephenson seems to be gearing up for another big fight with Genachowski, who opposed the deal. The executive wants Genachowski to be banned from setting bidding rules in the next wireless spectrum auction and spent the company’s quarterly earnings call complaining that the FCC’s spectrum ownership policy is inconsistent.
AT&T reports $6.7 bln loss on hefty charges, iPhone costs
By Sinead Carew
(Reuters) – AT&T Inc (T.N: Quote, Profile, Research) posted a $6.7 billion quarterly loss as it was weighed down by a hefty break-up fee for its failed T-Mobile USA merger and other big charges on top of costly subsidies for smartphones such as Apple Inc’s (AAPL.O: Quote, Profile, Research) popular iPhone.
While the No. 2 U.S. wireless provider beat analysts’ expectations for subscriber additions, the growth came at a massive cost as its wireless service margins plummeted.
AT&T posts big loss on hefty charges, iPhone costs
By Sinead Carew
(Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) posted a $6.7 billion quarterly loss due to a hefty break-up fee for its failed T-Mobile USA merger and other charges on top of costly subsidies for smartphones such as Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) popular iPhone.
Its shares fell about 1 percent after the news. While the No. 2 U.S. wireless provider beat analysts’ expectations for subscriber additions, the growth came at a cost as its wireless service margins plummeted. It also took a big non-cash pension-related charge on top of its $4 billion break-up package.
TI says chip demand is improving; to close 2 factories
By Sinead Carew
(Reuters) – Texas Instruments Inc (TXN.O: Quote, Profile, Research, Stock Buzz) reported better-than-expected fourth-quarter chip sales as customers in a broad array of industries replenished depleted inventories.
TI shares rose more than 3.4 percent in late trade on Monday after the maker of chips for a broad array of manufacturers in everything from consumer electronics to industrial equipment said
Texas Instruments says chip demand back
By Sinead Carew
(Reuters) – Texas Instruments Inc (TXN.O: Quote, Profile, Research, Stock Buzz) reported higher-than-expected fourth-quarter revenue on Monday as demand improved faster than expected because customers did not have enough chips in stock, signaling the end of an inventory correction.
TI shares rose more than 3.4 percent after-hours. The company makes chips for a broad array of products ranging from consumer electronics to industrial equipment.
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