Barron’s reports this morning that Microsoft (NASDAQ:MSFT) and Samsung have entered into a new licensing agreement which allows Microsoft to collect royalties on 60% to 70% of all Android-based (NASDAQ:GOOG) smartphones. Microsoft’s press release on the matter notes that “Microsoft will receive royalties for Samsung’s mobile phones and tablets running the Android mobile platform. In addition, the companies agreed to cooperate in the development and marketing of Windows Phone.”
Shares of Microsoft recently traded at $26.08, up $0.50, or 1.9%, on the day. They have traded in a 52-week range of $23.65 to $29.46 and its market capitalization is $218.46 billion. About the company: Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices.
Shares of Google recently traded at $530.18, up $1.16, or 0.22%, on the day. The have traded in a 52-week range of $473.02 to $642.96 and its market capitalization is $171.19 billion. About the company:Google, Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
Samsung‘s shares are traded on the Seoul Stock Exchange. Based on data provided by Bloomberg, the shares recently traded at $349.10 USD, up $28.50, or 8.89%, on the day, and they have traded in a 52-week range of $441.90 to $310.80. About the company: Samsung Electronics Co., Ltd. is a Korea-based company principally engaged in the provision of consumer electronic products.
(Note: Selected financial data are sourced either from Google Finance or Bloomberg. All data are assumed to be accurate.)
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