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Apple orders 5-6 mln watches ahead of launch - report
2015-02-17 14:36:00| Telecompaper Headlines
(Telecompaper) Apple has asked its suppliers in Asia to make 5-6 million units of its Apple Watch during the first quarter, people familiar with the matter told the Wall Street Journal. The smartwatch is expected to launch in April, in three versions. Half of the first-quarter production order is earmarked for the entry-level Apple Watch Sport model, while the mid-tied Apple Watch is expected to account for one-third of output, the report said. Orders for Apple Watch Edition, the high-end model featuring 18-karat gold casing, are relatively small in the first quarter but Apple plans to start producing more than one million units per month in the second quarter, one source told the paper. The Apple Watch Sport will start at USD 349; Apple hasn't announced pricing for the other models. The report suggests that Apple expects demand for its watch to outpace similar products on the market. Market researcher Canalys recently said that just 720,000 smartwatches powered by Google's Android Wear shipped in the last six months of 2014.
Tags: report
orders
watches
apple
Europe reaches nearly 30 mln FTTH/B subscribers
2015-02-11 17:02:00| Telecompaper Headlines
(Telecompaper) The number of FTTH/B susbcribers in Europe rose 50 percent in 2014 to 14.5 million at year-end, according to figures prepard by Idate for the FTTH Council. If Russia and Ukraine are included, the total increases by another 14.8 million subscribers. The report presented at the FTTH Conference in Warsaw highlighted progress in fibre expansion in Germany, Romania, Spain, France, the Netherlands and Portugal last year. Those lagging behind included Austria, Belgium, Czech Republic and the UK, where less than 20,000 new FTTH subscribers were connected in 2014. Lithuania remained the country with the highest fibre penetration, at 34.5 percent, followed by Sweden with 33.3 percent, Latvia at 29.0 percent, Russia with 26.8 percent and Romania at 243 percent. At the conference, the FTTH Council issued awards to DStelecom, an operator bringin fibre services to rural parts of Portugal, and Dik Wessels, an investor in Dutch network operator Reggefiber and German operator Glasfaser.
Tags: europe
subscribers
reaches
mln
Alibaba invests USD 590 mln in Meizu
2015-02-09 08:39:00| Telecompaper Headlines
(Telecompaper) Alibaba Group has taken a USD 590 million minority stake in Chinese smartphone manufacturer Meizu. Alibaba and Meizu said they will cooperate at both strategic and business levels to achieve a deeper integration of Meizu's hardware and Alibaba Group's mobile operating system YunOS. Alibaba will provide Meizu with resources and support in e-commerce, the mobile internet, mobile operating systems and data analysis, with the aim of developing Meizu's smartphone ecosystem. Alibaba Group's online shopping marketplaces will also become distribution channels for Meizu's smartphones and other devices.
Hyundai Glovis inks $100 mln Qatari shipping deal
2015-02-06 05:23:37| Logistics - Topix.net
Hyundai Glovis Co., the logistics unit under auto conglomerate Hyundai Motor Group, said Friday it has clinched a $100 million shipping service contract with a building materials firm in Qatar. The agreement signed with state-run Qatar Primary Materials Co.
Tags: shipping
deal
hyundai
mln
MaxLinear acquires Entropic for USD 287 mln
2015-02-04 08:40:00| Telecompaper Headlines
(Telecompaper) MaxLinear has signed an agreement to acquire Entropic Communications, a provider of semiconductor products for the connected home, for an estimated USD 287 million. The boards of directors of both companies have approved the deal. Entropic shareholders will receive USD 1.20 per share in cash and 0.2200 shares of MaxLinear shares for each Entropic share outstanding. Based on MaxLinear's closing stock price on 2 February, the deal is valued at USD 3.01 per Entropic share, with an implied enterprise value of USD 181 million, net of Entropic's cash balance as of end December. When the deal closes, shareholders of MaxLinear and Entropic will own 65 percent and 35 percent of the merged company. MaxLinear expects the deal to be non-GAAP earnings accretion in the first full quarter post-close. After the close, Entropic interim CEO Ted Tewksbury will join the MaxLinear board of directors. The company anticipates operating synergies of over USD 20 million in the first full calendar year post-close. Increased scale and projected cost savings are expected to lower combined non-GAAP operating expenses, generate significant operating margin expansion, and accelerate MaxLinear's timing to achieving its stated target operating model.
Tags: usd
acquires
mln
entropic
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