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LatAm smartphone users to double to 603 mln by 2020 - study
2015-06-05 10:34:00| Telecompaper Headlines
(Telecompaper) Smartphone subscriptions in Latin America and the Caribbean are expected to more than double to 603 million by 2020, around 86 percent of the population, according to Ericsson's latest Mobility Report. In total, the region will add some 330 million smartphone subscriptions between 2014 and 2020, said the report, reaching 824 million mobile telephony subscriptions at the end of the period, compared to 745 million at the end of 2014. Latin America and the Caribbean will also move from mainly GSM/EDGE-only markets to WCDMA/GSM and LTE over the next five years, with the share of 3G and 4G subscriptions rising from 40 percent in 2014 to 90 percent in 2020.
Tags: users
study
double
smartphone
GigOptix renews USD 161 mln bid for GSI Technologies
2015-06-04 21:15:00| Telecompaper Headlines
(Telecompaper) US Chip component maker GigOptix has renewed its bid for chipmaker GSI Technology, for the original price of USD 6.50 per share, or a total of around USD 161 million in cash, stock and special dividend. GigOptix originally made a bid in August 2014. GSI rejected the offer in September, and GigOptix withdrew in November. In a letter, GigOptix noted that GSI incurred over USD 30 million in litigation with its Cypress Semiconductor case, and that results continue to disappoint the investor community. Revenues for GSI's fiscal year to end March fell 8.7 percent from the year before. GigOptix revenues lifted 23 percent to the quarter to end March. In this light, the company is urging GSI shareholders to give due consideration to the offer, saying a combination would create significant synergies between the businesses.
Tags: technologies
usd
bid
mln
FourKites scores $1.25 mln seed
2015-06-04 02:26:38| Logistics - Topix.net
FourKites, the leading logistics tracking platform that provides visibility and real-time location tracking for shippers, third-party logistics providers and freight brokers today announced the closing of a $1.25 million round of seed funding led by Hyde Park Venture Partners. Hyde Park Angels, Harvard Business School Angels, Bluestein & Associates and Otter Consulting also participated in the investment.
Wearable market up 200% sequentially to 3.8 mln units in Q1
2015-06-03 18:09:00| Telecompaper Headlines
(Telecompaper) The worldwide wearables market recorded its eighth consecutive quarter of steady growth in the first quarter of 2015, according to a report by the International Data Corporation (IDC). Vendors shipped a total of 11.4 million wearables in Q1, a 200.0 percent increase from the 3.8 million wearables shipped in Q1 2014. Fitbit was market leader with 3.9 million units shipped and a 34.2 percent market share, followed by Xiaomi with 2.8 million and 24.6 percent, Garmin with 0.7 million and 6.1 percent, Samsung with 0.6 million and 5.3 percent, Jawbone with 0.5 million and 4.4 percent, and others with 2.9 million and 25.4 percent.
Tags: market
units
q1
sequentially
Fitbit looks to raise USD 358.4 mln from IPO
2015-06-02 23:09:00| Telecompaper Headlines
(Telecompaper) Fitbit, a US-based maker of connected, wearable fitness devices, expects to price its initial public offering at USD 14-16 per, the New York Times reported, citing a filing with the Securities and Exchange Commission. The company intends to sell 22.4 million shares and its existing shareholders expect to sell 7.5 million shares. At the midpoint of the price range, Fitbit would be valued at nearly USD 3.1 billion. Fitbit could raise up to USD 358.4 million from the offering, but it will not receive any proceeds from the sale of the 7.5 million shares belonging to existing investors.
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