Tech Business Review: Samsung MIGHT Sue Qualcomm, Nokia Talking To FRANCE
Here are Monday’s top stories:
It’s a complex patent infringement situation in an Australian court, as Samsung (SSNLF.PK) says that it has cancelled an agreement with the chipmaker Qualcomm, Inc. (NASDAQ:QCOM) to not sue it or its customers for using its 3 gigabyte patents, following Apple, Inc. (NASDAQ:AAPL) filing suit over the Galaxy Tab. Qualcomm’s chips are utilized in 3 and 4 gigabyte iPad models, along with the iPhone 4S. Samsung’s cancellation of the deal might have affected Qualcomm’s decision to restructure its operations, to protect its huge IP licensing division.
Don’t Miss: DOJ Strikes at Apple and Case Critics.
Nokia Corporation (NYSE:NOK) is said to be in talks with France Telecom (NYSE:FTE), plus other European carriers, regarding exclusive launches, along with sharing the proceeds. The ongoing discussions mark a point of departure from Nokia’s traditional strategy of reaching as many sales points as possible, and could be born of desperation to bring some hype to the autumn intro of its pricey Windows Phone 8 model.
Facebook (NASDAQ:FB) shares are down modestly on Monday, following ComScore and others claiming that the company has experienced a significant growth slump in United States. This possibility has Jason Helfstein at Oppenheimer concerned that Facebook might miss its second quarter revenue estimates, to be posted on Thursday, as he forecasts that domestic advertising growth will decline to a paltry 7 percent from the first quarter’s 27 percent, with international growth at 32 percent, which would be down from 48 percent over the same period. On the bright(er) side, the analyst concedes that his figures do not take the firm’s nascent mobile ad sales into account.
Don’t Miss: Is Nasdaq BULLYING Facebook Stock Traders?
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.