(Reuters) – Micron Technology Inc will buy failed Japanese chipmaker Elpida Memory Inc for about $750 million in cash, pushing Micron into second place behind market leader Samsung Electronics in the market for DRAM memory chips.
Micron shares rose 5 percent in premarket trading after news of the deal, which will give it chip manufacturing assets at a heavily discounted price and boost its cashflow.
Silicon Valley start-up Swipp says it has raised $3.5 million in funding from venture firm Old Willow Partners, an early investors in Groupon. It will use the cash to develop and launch its first products sometime in late fall. On the subject of what exactly those products will be, Chief Executive and co-founder Don Thorson was cagey. But it seems like he’s aiming to create a social network where it would be easier for consumers and merchants to analyze or make money from data than on say Twitter or Facebook.
“With (so many) people connected we should be able to do so much more than just tell each other where we’re having lunch,” said the executive, adding that conversations on social networks like Facebook and Twitter are “pretty cool stuff but not meaningful data. The bigger the network gets the smarter it should get.”
#Samsung was careful to stick to photo, tectile, sharing type demos of S III this morning, did not feature the voice app
NEW YORK (Reuters) – Verizon Wireless is undertaking a massive overhaul of its prices by raising fees for data services like mobile web surfing while giving everybody unlimited calls and texts, as it aims to increase data revenue and protect its older business lines.
The biggest U.S. mobile operator is also letting customers use their data allowance for multiple devices in the hope of enticing them to connect more gadgets like tablet computers to its network with the new plans as customers will now be able to avoid paying separate data subscriptions for each device.
NEW YORK, June 1 (Reuters) – AT&T Inc Chief Executive
Randall Stephenson said on Friday that a sale of rural phone
lines may be too difficult to pull off because of regulatory
Stephenson had said in January that the company would review
the future of its roughly 20 million rural telephone lines,
including the possibility for a sale.
By Sinead Carew
(Reuters) – Leap Wireless International Inc (LEAP.O: Quote, Profile, Research, Stock Buzz) will be the first U.S. provider of prepaid mobile services to sell the Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone, potentially putting pressure on its much bigger rivals to provide cheaper phone or service prices.
The regional operator, which caters to cost-conscious customers who pay phone bills in advance, is joining its much bigger national rivals Verizon Wireless, AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) and Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) in selling the popular device.
NEW YORK, May 23 (Reuters) – The top executive of chip maker
STMicroelectronics NV sees profit and revenue
improvements in coming quarters as orders are increasing and
joint venture ST-Ericsson is set to halve its quarterly loss by
the fourth quarter.
In late April ST-Ericsson, the 50-50 wireless chip venture
of STMicroelectronics and Ericsson, announced a
strategy revamp aimed at cutting costs and improving revenue.