InterDigital & Sony Form JV, Samsung Goes For Tizen O/S: Tech Biz Wrap
On Thursday InterDigital (NASDAQ:IDCC) and Sony Corporation of America (NYSE:SNE) initiated a joint venture named Convida Wireless, to unite Sony’s consumer electronics expertise with InterDigital’s pioneering wireless machine-to-machine and bandwidth management research. The joint venture, will concentrate upon pushing new research in the field of M2M wireless communications, as well as other connectivity areas.
Presently the world’s biggest seller of mobile phones, Samsung (SSNLF.PK), announces that it will begin the sales in 2013 of smartphones sporting the Tizen operating system that is backed by Intel Corporation. The company said in an e-mailed statement Thursday that “We plan to release new, competitive Tizen devices within this year and will keep expanding the lineup depending on market conditions.”
Shares of SunPower Corporation (NASDAQ:SPWR) were done no harm by Berkshire Hathaway’s Wednesday acquisition of its Antelope Valley projects, as they gained almost 50 percent on the day Thursday. The stocks closed at $6.13 on Wednesday, and were upgraded from Neutral to Buy at Lazard Capital.
Analysts at BMO Capital believe that Netflix (NASDAQ:NFLX) will stay the dominant streaming video service provider, and that the firm should penetrate additional international markets, but they maintain their Market Perform on the shares, which rose almost 5 percent on the day.
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