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Tech Mahindra to acquire Lightbridge for USD 240 mln
2014-11-20 13:43:00| Telecompaper Headlines
(Telecompaper) Indian IT company Tech Mahindra has agreed to acquire global provider of wireless and wireline network services Lightbridge Communications (LCC) for an enterprise value of around USD 240 million, subject to regulatory approvals. The transaction is scheduled for completion by the fourth quarter of Tech Mahindra's 2015 FY.
Intel to launch USD 495 MICA smart bracelet in December
2014-11-18 10:11:00| Telecompaper Headlines
(Telecompaper) Intel has officially unveiled its luxury smart bracelet, dubbed MICA, which will be available at Barneys and Opening Ceremony stores in December at a price of USD 495, including two years of AT&T data. The bracelet, whose name is short for My Intelligent Communication Accessory, has been engineered by Intel and designed by fashion cooperative Opening Ceremony. It is offered in two versions: the first is covered in black snakeskin with pearls and lapis stones, and the second comes in white snakeskin with tiger's eye and obsidian glass. Both styles feature a curved sapphire screen, which is intended to sit on the inside of the wrist, not the outside. The makers said the device is designed to act as a "personal concierge", offering intelligent reminders after syncing with the user's Google calendar and Facebook accounts. Intel has also teamed up with Yelp to provide localised restaurant and shopping recommendations. The bracelet comes with its own AT&T SIM card with data paid by Intel for two years, up to two days of battery life, as well as remote locking and location tracking.
Tags: december
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Xiaomi Speculated To Be Working On USD 65 USD Smartphone
2014-11-14 23:19:18| Semiconductors - Topix.net
Lei Jun, founder and CEO of China's mobile company Xiaomi, shows the new features at a launch ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014. China's Xiaomi unveiled on Tuesday its new flagship Mi 4 smartphone, aimed squarely at the premium handset market dominated by Apple Inc and Samsung Electronics Co Ltd. .
Tags: working
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smartphone
SAP settles with Oracle for USD 359 mln
2014-11-14 09:34:00| Telecompaper Headlines
(Telecompaper) Oracle and SAP have agreed to settle their long-running legal battle over software copyrights. SAP will pay Oracle USD 359 million to settle the case, the Wall Street Journal reports. The payment is much smaller than Oracle originally sought. An appeals court in August threw out a USD 1.3 billion jury award against SAP, calculating Oracle's true damages at USD 356.7 million. SAP agreed to pay that amount plus interest. The company said it had previously paid Oracle USD 120 million for legal fees and dismissal of some legal claims. Both sides issued statements expressing satisfaction with the settlement. Oracle filed suit in 2007 alleging that TomorrowNow, a company that SAP had acquired, illegally downloaded Oracle's software. SAP shut down the business and admitted liability. The litigation mainly revolved around the amount of damages SAP should pay.
Qihoo 360 planning USD 60 mln investment fund
2014-11-14 09:29:00| Telecompaper Headlines
(Telecompaper) Chinese internet company Qihoo 360 is planning to create an USD 60 million investment fund for global, early-stage Internet-of-Things (IoT) companies, the Wall Street Journal, citing a presentation shown by a company representative during a visit in Israel. The 360 Capital-IoT Fund will focus on investments in China, the US and Israel. During the recent visit to Israel, a representative of Qihoo met with different Israeli startups, including ones developing technology for wearable computing and connected homes, according to a person familiar with the company's activities. The company decline to provide any comments.
Tags: planning
investment
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