Tech Biz Roundup: Marvell Inserts into Google TV, AOL Talks Parents
Sony’s (NYSE:SNE) PlayStation Vita sales continue to head downhill in a hurry: Media Create estimates only 42,600 units were sold in Japan starting December 26, down from around 72,000 in the prior week. Nintendo (NTDOY.PK) 3DS units that were sold in the country were much higher than Sony’s hitting around 198,000. Estimations are that the Japanese gaming industry overall declined 8% in 2011.
Google (NASDAQ:GOOG) may have a formal antitrust complaint filed against it from European regulators due to search practices. The European Union Competition Commission “is to date not in a position to say whether its investigation will lead to issuing a statement of objections,” it said.
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A123 Systems (NASDAQ:AONE) climbs higher. A deal to supply battery packs to VIA Motors was just announced. VIA Motors is a company that builds all-electric versions of popular trucks, vans, and SUVs. VIA claims A123’s battery packs allow it to “package higher power into a compact space.”
Marvell (NASDAQ:MRVL) announces its ARM-based (NASDAQ:ARMH) ARMADA processors have been designed into the latest Google TV (NASDAQ:GOOG) hardware. This displaces Intel (NASDAQ:INTC) chips in the process, and Intel stated in October it was shutting down a division that developed Atom chips for the set-top box market. Google TV will be in the majority of TV sets on sale by summer Eric Schmidt expects.
MetroPCS (NYSE:PCS) suffers the biggest drop in the S&P 500 after reporting it added 197,000 net new users in the fourth quarter, down from 297,000 in the year-ago period. This was far below the analyst consensus, which had predicted 223,000. Churn was 3.7%, up from 3.5% a year ago. Leap Wireless (NASDAQ:LEAP), which is a smaller competitor, said it added in-line 175,000 subscribers in its fourth quarter.
AOL (NYSE:AOL) has spiked a little after announcing a content distribution partnership with Parenting.com. CEO Tim Armstrong is speaking via webcast at a Citi conference.
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