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T.I. Blames Nokia For Lower Revenue
Texas Instruments has revised downward its revenue forecast for the second fiscal quarter due to a slackening in demand for its products from Nokia.
TI said its lower revenue projection is directly related to the market performance of Nokia, which has been experiencing its own troubles. The handset maker last week projected lower sales of devices and services due to lower average selling prices and fewer buyers of its phones.
TI is now forecasting revenue of $3.36 billion and $3.50 billion for the second fiscal quarter ending on June 30, down from $3.41 billion to $3.69 billion the company forecast on April 18 when reporting first quarter fiscal results.
“I would say characterizing as the bulk of it being Nokia is probably understating. Probably being closer to say all of the change in our … middle-of-the-range update versus what we were previously [projecting] was associated with that customer,” said Ron Slaymaker, vice president and head of investor relations at TI, during a revenue forecast conference call that was webcast on Wednesday.
Mobile App Locates Cheaper Prescriptions
June 9, 2011 by admin
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Medco Health Solutions and Verizon Wireless teamed up last month to release a mobile application that aids smartphone users in locating places where they can buy the lowest-cost prescription drugs.
Verizon stated the new Medco Pharmacy mobile app can also identify potentially harmful drug interactions based on Medco members’ medication histories.
Medco, which provides pharmacy services to more than 65 million customers, said its pharmacy mobile app is available for BlackBerry and Android smartphone users. It provides information about out-of-pocket costs for any prescription drug and lower-cost options specific to a person’s prescription drug plan, even if a patient is being treated by several doctors or fills prescriptions at many different pharmacies.
Cell Phones Can Be Dangerous
June 5, 2011 by admin
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It appears that an Australian brain surgeon has called the latest report in reference to the report on the potential harmful effects of mobile phones as a wake-up call to users and the telecommunications industry.
Dr Teo, said he was “pleased” that at last there came conclusive proof that mobile phones caused brain tumours. He also went on to say that the report should serve as a ”wake up call’ that should alert both the public and the mobile phone industry to the link between mobile use and cancer.”
As you know a report was released by the World Health Organisation’s cancer research wing that said radio frequency electromagnetic fields generated by cell phones are “possibly carcinogenic to humans” and heavy usage could lead to a possible increased risk of glioma, a malignant type of brain cancer.
Nokia Expects Windows Phone Before EOY
June 3, 2011 by admin
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Nokia has “increased confidence” that the first of its smartphone devices to run on the Windows Phone platform will ship by the fourth quarter, the company said on Tuesday.
Nokia’s CEO Stephen Elop is putting his full weight behind getting a Windows Phone-based product out for the important end-of-year holiday shopping season, in order to help turn around the company’s smartphone fortunes. The company’s teams are aligned around that goal, he said in a statement.
The company won’t reveal ship dates until closer to when the first phones arrive, but the pressure is on to deliver the devices this year, Elop said when the company announced its first quarter results.
Nokia will have several more opportunities to divulge more information shortly. On June 21, Elop will give a presentation at the Connection 2011 Conference, which is organized in conjunction with CommunicAsia 2011 in Singapore. He will give an update on the company’s partnership with Microsoft, and set the stage for a number of product and service launches, according to the program.
Verizon Adds LG’s Revolution
June 1, 2011 by admin
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Verizon Wireless announced the Revolution by LG, an LTE-ready smartphone, will become available for sale in stores and online Thursday for $249.99 with a two-year service plan.
The Revolution has a 4.3-in. touch screen and 1 GHz Snapdragon processor. It utilizes the Android 2.2 mobile operating system and comes preloaded with the Netflix application for access to movies and TV shows.
Verizon called the smartphone an “entertainment powerhouse” partly due to the Netflix capability, but the Revolution also runs the Adobe Flash player, provides Dolby Mobile sound and features high-definition video recording and playback.
Intel Is Still The Market Leader
Reports now show that Intel shipped 44 percent more Microprocessors than Samsung and Intel’s overall shipments grew 25 percent year-over-year. Meanwhile Samsung’s first quarter microprocessor grew by 15 percent. The report also noted that Toshiba and TSMC came in a respectful 3rd and 4t with 10 and 18 percent of year over year growth respectively. Texas Instruments came in 5th barely edging out Renesas which appears to be closing the gap on TI.
Super mobile chipmaker Qualcomm was 10th and showed a 22 percent growth year-over-year; while AMD ranked 12th, with 2 percent growth. One would have thought that AMD would have been one of the top five manufacturers.
Unfortunately Nvidia and Sony ended up at the bottom with ended up at the bottom with six and 14 percent drop in sales, respectively.
Is Intel Facing The Heat?
Analysts at Goldman Sachs are saying that chip maker Intel may be in a pickle as microprocessor shipments slow and it faces stiff competition. That said, analysts have advised stockholders to sell Intel as they downgraded the stock.
James Covello and Simon Schafer of GS said that there will be a surplus in chips due to plant expansion. Meanwhile the rest of the gang on Wall Street is forecasting a six percent year-over-year rise in Intel’s sales, amid expanding gross margins, Goldman says otherwise and that sales will be flat due to excess capacity.
Furthermore, Intel is expected to face problems dealing with better chips from their main rival AMD: while tablets are cannibalising notebooks with ARM kicking its tail in the mobile space.
Verizon To End Unlimited Mobile Data Plan
May 24, 2011 by admin
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If you have a smartphone with an unlimited data plan on the Verizon Wireless network, get ready to mourn the end of those good times.
Verizon will put the kabash on its unlimited smartphone data plan some time this summer, according to comments made by the carrier’s chief financial officer. Speaking at the Reuters Global Technology Summit on Thursday, Verizon CFO Fran Shammo stated the company will soon roll out new tiered pricing plans and altogether eliminate the current $30-a-month unlimited option.
According to Reuters, which reported the news, the move is designed to “force heavy data users to pay more for mobile data.”
Google Moves Quickly To Plug Data Leaks
May 24, 2011 by admin
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Google confirmed that it’s starting to roll out a server-side patch for a security vulnerability in most Android phones that could allow hackers to access important credentials at public Wi-Fi hotspots.
“Today we’re starting to roll out a fix which addresses a potential security flaw that could, under certain circumstances, allow a third party access to data available in Calendar and Contacts,” said a Google spokesman in an emailed statement. “This fix requires no action from users and will roll out globally over the next few days.”
Google will apparently apply the fix to its servers since it does not need to push out an over-the-air update to Android phones.
Experts applauded Google’s fast reaction.
“It’s impressive how quickly Google fixed this,” said Kevin Mahaffey, chief technology officer and a co-founder of San Francisco-based mobile security firm Lookout. “Google’s security team, especially on Android, is very, very quick to deal with issues.”
Whatever Google is implementing will shut the security hole that three German researchers publicized last week.
According to the University of Ulm researchers, who tested another researcher’s contention last February that Android phones sent authentication data in the clear, hackers could easily spoof a Wi-Fi hotspot — in a public setting such as an airport or coffee shop — then snatch information that users’ phones transmitted during synchronization.
In Android 2.3.3 and earlier, the phone’s Calendar and Contacts apps transmit information via unencrypted HTTP, then retrieve an authentication token from Google. Hackers could eavesdrop on the HTTP traffic at a public hotspot, lift authentication tokens and use them for up to two weeks to access users’ Web-based calendars, their contacts and also the Picasa photo storage and sharing service.
HTC To Have Many Tablets
May 21, 2011 by admin
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Smartphone maker HTC plans to introduce a range of different tablet computers to gain a its share in the fast-growing market, a company executive said on Tuesday.
The global market for tablets, started only last year with Apple’s iPad, will likely grow to 108 million devices next year, compared with just 17.6 million in 2010, according to research firm Gartner.
“I really believe that the tablet market is really going to be a big market in the future and this is just the start,” HTC Europe head Florian Seiche told the Reuters Global Technology Summit.
“In five years’ time, schools will have tablets probably instead of physical notebooks. I think that’s going to be such a massive wave of additional penetration in society… I think we can’t even guess the potential.”