Worldwide IT spending is on pace to reach $3.6 trillion in 2012, a 3% increase from 2011 spending of $3.5 trillion, according to the latest outlook by Gartner, Inc.
Shares of Acme Packet Inc slid as much as 16% to their lowest in two years on Friday amid a broad selloff in the technology sector after the network gear maker forecast quarterly results that fell far short of expectations.
Rival Riverbed Technology Inc (San Francisco, Calif., USA) fell as much as 9%, while Juniper Networks Inc (Sunnyvale, Calif., USA) dropped as much as 4%.
Market research firm Infonetics Research released excerpts from its first quarter Femtocell Equipment market share and forecast report, which tracks femtocells by market segment, technology, and form factor. According to the report, following a 20% surge the previous quarter, global 2G and 3G femtocell revenue dipped 2.7% in 1Q12, even as femtocell unit shipments grew 14.0%
KPN is likely to pay less to shareholders and invest more in its telecoms networks after Mexican billionaire Carlos Slim took effective control, analysts said, in a strategy reversal intended to revive the Dutch company. America Movil, owned by Slim, acquired a 27.7% stake in KPN last week, becoming its biggest shareholder with effective control due to the low attendance rate at shareholders meetings.
Cellphone chip supplier Qualcomm Inc is changing its internal structure to protect its technology licensing business by creating a new subsidiary that will work on open source wireless developments.
The biggest developer of cellphone chips also derives a huge amount of its revenue from selling licenses for use of its vast portfolio of technology patents to companies such as cellphone makers whether or not they use Qualcomm (San Diego, Calif., USA) chips.
On Thursday, market research firm Infonetics Research released excerpts from its latest Mobile VoIP Services and Subscribers report, which found that the United States and Asia, especially South Korea, are leading the voice of LTE market, with Verizon Wireless, Metro PCS, SK Telecom and LG U+ all planning to launch VoLTE services this year.
u-blox, a provider of positioning and wireless semiconductors, on Thursday announced the acquisition of UK-based Cognovo Ltd., a company specializing in “Software Defined Modem” (SDM) chip development technology. The acquisition extends u-blox’ chip design capabilities to create products that require 4G communications combined with global positioning.
According to a new report my Machina Research, machine-to-machine (M2M) communication in Smart Cities & Public Transport represents a sizeable opportunity for market players, and predicts the market will grow from 59 million connections in 2011 to 512 million in 2020.
Israeli firm Nation-E unveiled a new battery system that stores, manages and distributes energy, potentially cutting consumers' electricity costs and allowing solar and wind power to be used more effectively.
The battery functions like a self-contained "smart grid" that knows how to store energy when electricity is cheap and demand is low and then give it back during peak hours when tariffs are high, the company said on Monday.
On Thursday, Orange, a mobile operator in France with over 27 million subscribers, and Gemalto, a provider of digital security, announced a large-scale rollout of a SIM-based NFC service to enable NFC-readiness for mass deployment of mobile contactless services.