iRobot Corp., a provider of robotic technology-based services, on Tuesday announced a $6 million investment and expanded partnership with InTouch Health, a provider of remote presence telemedicine services. The $6 million investment represents a minority position in the company.
The announcement expands upon the joint development and licensing agreement iRobot (Bedford, Mass., USA) announced in July 2011, which was established to explore opportunities for healthcare applications on iRobot platforms.
Last week, Delta Air Lines announced an exclusive marketing agreement with OnAsset Intelligence, a provider of machine-to-machine (M2M) wireless asset tracking solutions, enabling Delta Cargo customers to view GPS location information on its web site at deltacargo.com.
On Thursday, AT&T submitted an ex-parte letter to the U.S. Federal Communications Commission requesting specific conditions be met in regards to Dish Network’s pending Ancillary Terrestrial Component (ATC) waiver request, raising suspicion that AT&T may be looking to Dish to solve its current spectrum shortage.
Network equipment maker Tellabs Inc reported lower-than-expected fourth-quarter revenue, and said it will cut 530 jobs to reduce costs and take a related charge in the first quarter. Another network equipment maker, Nokia Siemens Networks, said it was talking to labor unions in Germany and Finland about cutting more than 4,000 jobs, part of a restructuring program that aims to cut nearly a quarter of its workforce.
Last week, RealNetworks Inc., a provider of internet media delivery software and services, announced that it has signed an agreement to sell its patents and next generation video codec software to Intel Corporation for a purchase price of $120 million.
France's telecom regulator will carry out an inspection of the network of mobile operator Iliad, in a bid to address accusations levied by its competitors that the new entrant's infrastructure was not operational.
Since Iliad (Paris), which markets its services under the brand name Free, launched its new ultra low cost mobile offers three weeks ago, it has faced criticism from rivals that its network was not up to scratch and its customer service poor.
On Monday, MetroPCS Communications, Inc., the fifth largest broadband mobile wireless carrier in the United States based on number of subscribers, announced it has signed a four-year agreement with telecom equipment maker Ericsson to provide microwave backhaul equipment for its broadband mobile networks. Financial terms of the transaction were not disclosed.
The two largest telecom operators in the United States posted their quarterly results for the fourth quarter of 2011. Both AT&T and Verizon posted quarterly losses in the fourth quarter, in part due to noncash pension-related charges as well as heavily subsidized smartphones such as Apple’s iPhone. AT&T posted a rather large loss due to its
After a rare miss last quarter, Apple Inc's quarterly results blew past Wall Street's expectations after U.S. consumers bought near-unprecedented numbers of iPhones and iPads, sending its shares up 8% into record territory.
The company smashed estimates on all its results including gross margin, which came in at 44.7% during the quarter. Apple reported a net profit of $13.06 billion, or $13.87 a share, handily outstripping an average Street forecast of $10.16 per share.
Telecom equipment maker Ericsson missed fourth-quarter profit forecasts, hit by lower demand from the United States and Russia, and said weak margins and cautiousness from its operator clients would continue in the short term. The company posted a fourth quarter net profit of $222 million, down 66% from $651 million in the year-ago quarter and down 61% from last quarter.