Tech Biz Cheat Sheet: Google Wallet Unveiled, AT&T Tries to Salvage T-Mobile Takeover
Just ten days after Skyworks (NASDAQ:SWKS) filed a breach of contract notice against would-be acquisition Advanced Analogic (NASDAQ:AATI), Skyworks is now disclosing its belief that Advanced Analogic has conducted business in an “unusual manner”. According to reports, Advanced Analogic has opposed a plan by Skyworks to delay a merger vote until the end of the fourth quarter.
GPS maker Garmin (NASDAQ:GRMN) has announced the purchase of two of its South African distributors for an undisclosed amount as the company keeps its focus on global expansion.
Hewlett-Packard (NYSE:HPQ) now leads the fast-growing market for switches that aggregate connections from blade servers, though Cisco (NASDAQ:CSCO) has a corner on the market for costlier “top-of-rack” data center switches.
Zillow (NASDAQ:Z) has announced a deal with Curbed.com to provide real estate search listings and data on 100 million homes to the latter’s real estate agent blog network.
Netflix (NASDAQ:NFLX) CEO Reed Hastings has announced that the company will split into two separate businesses. The DVD-delivery service will be renamed Qwikster and have its own website while the streaming-video service will remain as is.
AT&T (NYSE:T) is trying to get competitors like MetroPCS (NYSE:PCS) and Leap Wireless (NASDAQ:LEAP) to sell spectrum and subscribers to rivals like Sprint (NYSE:S) in hopes of salvaging its $39 billion takeover of T-Mobile, which the Department of Justice has filed an anti-competition lawsuit to prevent.