Tech Business Roundup: Bing Revisited, Verizon Wireless in the Spectrum Game
China Mobile’s (NYSE:CHL) international-service license application is making U.S. officials uneasy, as they fear that it could enable China to spy on the U.S. more easily and could make theft of intellectual property from U.S. companies easier as well, says a McClatchy-Tribune report.
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In the second half of 2012, Samsung (SSNLF.PK) expects to market TVs that use organic light-emitting diodes, as the company is focused upon an early entry into the market for next-generation TVs. The downside is that the ‘razor-thin and razor-sharp’ OLED TVs could cost as much as twice the higher-end flat screen TVs.
Shares of Digital Generation (NASDAQ:DGIT) fall decidedly, in spite of first quarter figures that slightly exceeded consensus. Higher high-dimension growth in its TV unit brought revenue up 46 percent year-to-year, but Janney Capital says that HD pricing declines are intensifying, down some 40 percent, as the internet segment is troubled by problems concerning integration and client migration.
Microsoft (NASDAQ:MSFT) reveals its huge overhaul of Bing and promises to improve the quality of its searches by tapping into Facebook and other social networks. Qi Lu, who is president of Microsoft’s online services division, calls it “A fundamentally different way to look at search”.
Don’t Miss: Does This Prove Microsoft LOVES Monopolies?
Verizon Wireless’ (NYSE:VZ) offer to sell spectrum to T-Mobile (DTEGY.PK) is rejected by the latter, which calls the spectrum rife with interference problems and limited coverage availability. In April, Verizon had said that it would divest the 700mhz band upon regulator approval, but T-Mobile has vociferously opposed such a sale, calling it a risk to TV stations that already occupy nearby spectrum bands.
More serious woes lie ahead for MEMC Electronic (NYSE:WFR) following its most recent quarterly miss, according to Wunderlich, which remarks that “We have serious reservations about the future of MEMC given that there is still a tremendous oversupply of polysilicon worldwide, its vertically integrated solar business has no barriers to entry, and the solar gold rush is over as subsidies and stimulus run out.”.
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