Acer Inc (New Taipei City, Taiwan), an electronics manufacturer, announced on Thursday it will buy cloud computing firm iGware Inc (Mountain View, Calif., U.S.A. ) for $320 million, in the fifth-largest Taiwanese buyout of a U.S. company.
Acer, who is the world's second largest PC maker, said it was also in initial talks with Japanese game firm Nintendo, a major client of iGware, over potential cooperation after the deal, but did not give details.
Wireless telecom firm T-Mobile USA (Bellevue, Wash., U.S.A.) said it will begin offering unlimited data service plans starting July 24. The unlimited plans will be available with a two-year agreement for new and existing customers.
T-mobile said the plans offer single-line and multiline options with a range of price points for talk, unlimited text and unlimited data with 2 gigabytes (GB), 5 GB or 10 GB of high-speed data-- with no data overage charges.
Telit Wireless Solutions, Inc., (Raleigh, N.C., U.S.A.) a specialist in M2M technology, announced on Wednesday its inaugural M2M developers conference, Telit DevCom 2011, set to take place in San Diego on October 10 preceding CTIA Enterprise and Applications.
Telit DevCon 2011 is a one-day forum that aims to connect M2M application engineers with industry experts, offering educational sessions and insights for developing embedded cellular devices.
Keynote speaker Robin Duke-Woolley of Beecham Research will kick off the conference.
Actelis Networks (Fremont, Calif., U.S.A.), a supplier of Ethernet over copper, on Wednesday announced that WYDOT (Wyoming Department of Transportation) has deployed the company’s Intelligent Transportation Systems (ITS) as part of a revitalization of the state capital’s transportation network, which serves nearly 60,000 residents. Actelis’ML690 aggregation switches, ML622 and ML680 EADs were deployed across the city’s copper network to provide real-time troubleshooting and monitoring capabilities.
Spanish mobile operator Yoigo (Madrid, Spain) is expanding and increasing the capacity of its 3G network, aiming to triple its customers and gain 10% of the Spanish market by 2015. Yoigo selected equipment manufacturer Tellabs (Naperville, Ill., U.S.A.) 8600 Managed Edge System to manage the anticipated increase in data traffic.
Telecommunication providers Telenor (Fornebu, Norway) and Vodafone (London, England) are expected by analysts to outshine their European telecom peers as the sector struggles with weak economies and forced price cuts.
Analysts are braced for a slew of poor second-quarter results, starting with Nordic operator TeliaSonera on Wednesday.
TeliaZonera reported a net income decrease of 26% year-on-year to $591 million in the second quarter of 2011. However, the company did report an organic revenue growth of 3%, which is in line with its forecast for the year.
On Wednesday it was reported that Deutsche Telekom AG (Bonn, Germany) has expressed interest to the Belgian government in acquiring a stake in Belgacom SA (Brussels, Belgium). The Belgian government is Belgacom’s largest shareholder.
Deutsche Telekom approached the Belgian government in the first few months of the year to see if it was planning to sell part of its 53.5% stake, the Belgian French-language paper said, citing an unnamed source.
Apple Inc. (Cupertino, Calif., U.S.A.) on Tuesday announced financial results for its fiscal 2011 third quarter, which ended on June 25. The company posted record quarterly revenue of $28.57 billion and a quarterly net profit of $7.31 billion. These results compare to revenue of $15.70 billion and a net quarterly profit of $3.25 billion in the third quarter of 2010.
Gross margin was 41.7% compared to 39.1% in the year-ago quarter. International sales accounted for 62% of the quarter’s revenue.
The Working Groups formed under the India Smart Grid Task Force (ISGTF), a group serving as the government focal point for smart grid development, on Tuesday announced it would be spending as much as $ 134 million on smart grid projects.
A fast-growing number of software applications offer doctors the chance to view X-rays or monitor heart rates from iPads or smartphones, prompting U.S. health officials on Tuesday to propose government oversight for some of the more complex health applications.
A portion of the apps perform tasks that mimic the work of medical devices and could cause harm if they failed to perform as promised, U.S. Food and Drug Administration (FDA) officials said.