Tech Biz Cheat Sheet: Nokia Picks Sides, JDSU and AOL Provide Earnings
Apple Inc. (NASDAQ:AAPL) is going to have a big day on Nov. 11. The regional carrier C-Spire Wireless will begin selling the iPhone 4S for $200 (16-gig) and $300 (32-gig) and across the globe, the phone will be available in Asia ( Hong Kong, and South Korea) along with 13 other countries. The company remains on track to have iPhone 4S sales in 70 countries by year’s end.
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Nokia Corporation (NYSE:NOK) announced that ST-Ericsson will be its supplier for future devices using the Windows Phone mobile platforms.
Gillese Delfassy, ST-Ericsson’s president and CEO said of the decision, “We are pleased to have been selected by Nokia as a key partner for Windows smartphones, in line with our goal to be present in all segments and major operating systems,” said Gilles Delfassy, president and CEO of ST-Ericsson. “Our NovaThor platforms continue to gain traction as they enable customers to bring great smartphones to the market.”
This may come as a surprise to QUALCOMM Incorporated (NASDAQ:QCOM), after Microsoft Corporation (NASDAQ:MSFT) recently implied the company will remain as the exclusive supplier for Windows Phone processor chips.
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JDS Uniphase Corporation’s (NASDAQ:JDSU) fiscal quarter one report’s better than expected revenue guidance is spurring a rally in optical component stocks. The company’s guidance exceeded expectations after concerns about fallout from the Thai floods.
Adding to the rally may be the additional news that JDS has seen “significant improvements” in customer inventory levels.
AOL Inc. (NYSE:AOL) reported strong quarter earnings and now it seems CEO Tim Armstrong may back off from his previous pitching attempts for a possible Yahoo! Inc. (NASDAQ:YHOO) merger. Armstrong said in media interview today, “When I think about our company and where our future is … it’s really as an independent entity.” Dig Deeper: AOL Inc. Earnings Cheat Sheet: Fifth Straight Quarter of Shrinking Margins.
Comcast Corporation’s (NASDAQ:CMCSA) CEO Brian Roberts discussed third quarter earnings in a conference call and said the company’s high-speed Internet was the greatest contributor to a strong revenue growth as compared to its high-speed and DSL offerings. The move toward higher-speed Internet service should bode well with Comcast’s 10.6M HD and DVR customers–they are more likely to pay for premium features.