Amazon To Collect MA Taxes, Wi-LAN Sues Research In Motion: Tech Biz Update
Because it acquired Kiva Systems, a company based in Massachusetts, Amazon.com (NASDAQ:AMZN) will be required to begin collecting sales tax for that state in the fall of 2013. The government there has pressured Amazon to collect the revenues before, but with its purchase of an in-state physical premises, the company no longer has an argument against doing so.
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Wi-LAN (WILN), which calls itself “a leading intellectual property licensing company,” brings a new patent infringement lawsuit against the BlackBerry maker Research In Motion (NASDAQ:RIMM) in the United States District Court for the Southern District of Florida, alleging that the BlackBerry smartphones infringes its United States Patent No. 6,260,168 which relates to Bluetooth implementation. Reuters says that the lawsuit covers multiple BlackBerry handsets, among which include Torch, Bold, Pearl and Storm models.
On Wednesday December 5th at a UBS Annual Global Media and Communications Conference, AT&T (NYSE:T) management said that smartphone sales this quarter are at a “record pace.” On Tuesday the 11th, Philip Cusick at JPMorgan raised his net subscriber additions prediction based on a belief that the quarter is seeing higher-than-anticipated activations of Apple’s (NASDAQ:AAPL) iPhone, commenting that, “We believe smartphone sales could be 9.4 million, up from our 8.5 million original estimate. We now look for 8 million iPhone activations in the quarter and 7 million iPhone sales, up from original estimate of 7 million activations and 6.2 million sales
Investing Insights: Is Amazon a Dangerous Place to Invest Right Now?