Tech Biz Cheat Sheet: WellPoint Partners With IBM, AT&T Introduces New Windows Phones
Openwave (NASDAQ:OPWV) CEO Ken Denman has resigned for personal reasons. Additionally, the wireless software developer has appointed Peter Feld, whose hedge funds owns a 9.9% stake in Openwave, as its new Chairman.
RADCOM (NASDAQ:RDCM) announced today that it has received $6.5 million in additional orders from one of Latin America’s major multinational mobile telecommunications groups.
Broadcom (NASDAQ:BRCM) has announced plans to acquire NetLogic (NASDAQ:NETL) for $3.7 billion, offering a 57% premium to the stock’s closing share price on Friday. Broadcom expects the purchase to be accretive to 2012 EPS. Network processor vendors — including Cavium (NASDAQ:CAVM), EZChip Semiconductor (NASDAQ:EZCH), Inphi Corp. (NYSE:IPHI), Mellanox Technologies (NASDAQ:MLNX), Marvell Technology (NASDAQ:MRVL), Applied Micro Circuits Corp. (NASDAQ:AMCC), and PMC-Sierra (NASDAQ:PMCS) — are all riding the news to gains today.
GameStop (NYSE:GME) has announced that its stores will accept trades of old iPods, iPhones, and iPads (NASDAQ:AAPL) in exchange for credits toward video games, downloadable content, and gaming systems.
WellPoint (NYSE:WLP) plans to use IBM’s (NYSE:IBM) Jeopardy-playing computer system, Watson, to help suggest treatment options and diagnoses to doctors. Watson can supposedly process 200 million pages of content in less than three seconds.
Dolby (NYSE:DLB) has reached a licensing deal with Research in Motion (NASDAQ:RIMM) regarding RIM’s use of Dolby’s HE AAC audio compression technology in its smartphones and tablets. As part of the deal, Dolby has withdrawn infringement lawsuits filed against RIM in June.
AT&T (NYSE:T) has unveiled three new Windows Phone (NASDAQ:MSFT) devices running the “Mango” version of the operating system, helping Microsoft in its ongoing battle against Android (NASDAQ:GOOG) and iOS (NASDAQ:AAPL).
IDS projects global Internet users increasing to 2.7 billion in 2015, up from 2 billion in 2010, thanks in large part to the popularity of mobile data services. IDS also expects online ad revenue to increase by 97% by 2015, and B2C e-commerce spending to increase by 81%, benefiting services like Google (NASDAQ:GOOG), Yahoo (NASDAQ:YHOO), and Amazon (NASDAQ:AMZN).
Carol Bartz has resigned from Yahoo’s (NASDAQ:YHOO) board less than a week after being fired over the phone from her position as chief executive.
HTC is considering buying its own mobile OS, according to Chairwoman Cher Wang.
Amazon (NASDAQ:AMZN) may soon be offering a subscription service for older e-book titles that would be available as part of its Amazon Prime service, which costs $79 for a one-year membership. Prime users also have access to Amazon’s streaming-video platform.