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Verizon Wireless and Qualcomm Inc. (NASDAQ:QCOM) hope to capture a share of the machine-to-machine wireless communications market through a new joint venture. The 50/50 venture will work to develop smart-service technologies for the healthcare, manufacturing, utilities, distribution and consumer products industries.M2M is a growing sector that allows businesses to manage...
Posted on July 29, 2009 8:53 AM
On the eve of a heated auction for the wireless infrastructure assets of bankrupt telecom equipment maker Nortel Networks Corp. -- scheduled for Friday -- the company's portfolio of wireless communications patents looks like something of a wildcard.Given the way that licensing negotiations in this huge, patent-intensive industry can resemble...
Posted on July 23, 2009 1:06 PM
Qualcomm Inc. (NASDAQ:QCOM) and Broadcom Corp. (NASDAQ:BRCM) have ended their long-running patent duel with an agreement signed Sunday. Under terms of the agreement, Qualcomm will pay its rival $891 million over the next four years to settle all outstanding legal claims between the two. In addition, the companies signed new...
Posted on April 27, 2009 3:30 PM
It's payday for Obopay Inc. The world's largest cell-phone maker, Nokia Corp. (NYSE:NOK), is making a significant investment in Obopay, a mobile service provider that basically turns a cell phone into an interactive banking card. The Nokia investment is reportedly around $70 million.One report noted Obopay had previously raised $69...
Posted on March 25, 2009 10:15 AM
Advanced Micro Devices Inc. is selling certain graphics and multimedia technology assets -- "formerly the basis of its handheld business" -- to Qualcomm Inc. for $65 million in cash. Struggling AMD is narrowing its focus to PCs and graphics. The company sold its digital TV business to Broadcom Corp....
Posted on January 20, 2009 11:28 AM
There's been some interesting maneuvering in the past few weeks among leading companies in the wireless telecommunications sector. It started on July 28, when STMicroelectronics and European rival NXP announced they were combining their wireless operations in a joint venture to supply semiconductors to mobile phone manufacturers. The new venture is called...
Posted on August 21, 2008 2:42 PM
McDermott Will & Emery LLP put together a newsletter entitled Inside M&A. Their first subject: Improper premerger coordination, or "gun jumping." Washington partners Jon Dubrow and Stefan Meisner explain how to reduce the risk of being accused of the practice, which is barred by both the Hart-Scott...
Posted on March 6, 2008 2:37 PM
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