Tech Business Roundup: Sprint Files Suit Against Time Warner, Comcast; RIM Trades Higher on Buyout Rumors
Sprint (NYSE:S) files separate lawsuits. Time Warner (NYSE:TWX), Comcast (NASDAQ:CMCSA) Cable One (NYSE:WPO), and Cox Communication are those being attacked by Sprint alleging that the companies have infringed on up to 12 of its digital patents without the carrier’s permission.
Research In Motion (NASDAQ:RIMM) shares trade higher in premarket action after reports crop up that big players such as Microsoft, Nokia, and Amazon were contemplating buying the embattled company over the last several months.
Investing Insights: AOL Steps into a Shareholder Storm.
Google’s (NASDAQ:GOOG) Android is now seeing over 700,000 devices activated per day, claims mobile chief Andy Rubin. That figure translates into an annual sales rate of over 255 million units from which Google can generate search and display ad sales. The company mentioned in October its mobile business had reached a $2.5 billion annual run rate. The number is likely higher at this point.
Nielsen (NYSE:NLSN) a consumer research firm as well as comScore (NASDAQ:SCOR) have settle their patent dispute by entering into a cross-licensing agreement. As part of the deal, comScore is acquiring four Nielsen patent families asserted in the dispute, and Nielsen is acquiring around $19 million worth of comScore restricted stock, which it agrees to hold for at least a year.
Don’t Miss: comScore and Nielsen End Litigious Environment.
Intel (NASDAQ:INTC) has built prototype Android phones running on its Medfield Atom chips. The prototype support features such as the “burst” shooting of 8MP pictures, and the streaming of Blu-ray quality video. However, specs alone won’t allow Intel to challenge ARM-based chips in the smartphone and tablet markets: it has to contend with ARM’s (NASDAQ:ARMH) edge in power consumption, and the hesitance of OEMs to support another chip architecture.
Comcast (NASDAQ:CMCSA), a cable operator was ruled against by an FCC judge who ruled in favor of independent Tennis Channel, saying that it favored its own channels – Golf Channel and Versus – in violation of the FCC’s anti-discrimination rules. The agency’s chief administrative law judge ruled that Comcast should immediately pay the maximum fine of $375,000 and must stop discriminating against Tennis Channel.
Broadcom (NASDAQ:BRCM) introduces the first 40-gig transceiver chip for long-haul optical networks to be made with regular silicon (CMOS). As SemiAccurate notes, rival products are typically made using more costly, power-hungry materials. Broadcom has recently been stepping up its efforts to compete with the likes of AMCC and PMCS in the growing market for 40G networking chips.
Investing Insights: Intel Throws Down Gauntlet on ARM Holdings.