Texas Instruments announced recently that it was going to shift its business focus from mobile processors to embedded processors. As a result of the change of heart, the company said Wednesday that it will cut 1,700 jobs around the globe. It hopes that embedded products will have longer life cycles, instead of relying on a business where its “customers are increasingly developing their...
J2 Global announced on Monday that it acquired Ziff Davis and most of its web properties for $167 million. The acquisition includes PCMag.com, ComputerShopper, ExtremeTech, Geek.com and Toolbox.com, the company said in a release today. "We have years of experience and significant interest in the digital media and online marketing space, both as a large scale consumer of advertising (~$...
T-Mobile released its third quarter earnings report this morning in which it recorded total revenue of $4.9 billion, down 6.4 percent since the same quarter last year. Its service revenues totaled $4.3 billion, also down 8.7 percent from the third quarter of 2011. The carrier continued to shed customers, too – it lost 492,000 subscribers during the quarter. The good news? That's a...
AT&T announced on Wednesday that it will invest $14 billion in an effort to expand its 4G LTE mobile and wireline IP broadband internet services as part of a new "Project Velocity IP initiative. Under the plan, AT&T will expand its 4G LTE network to 250 million people by the end of next year and to 300 million people by the end of 2014. The investment will also help AT&T...
Sprint announced on Wednesday that it has inked an agreement with U.S. Cellular to acquire spectrum and customers in the Midwest for $480 million. The deal includes U.S. Cellular properties and 585,000 subscribers in Illinois, Indiana, Michigan, Missouri and Ohio. Sprint will use the added support to deploy its 4G LTE network in those areas. “This transaction will enable us to...
NTT DoCoMo on Thursday announced a new agreement with Microsoft in which it will provide Windows 8 tablets that run on its 4G LTE network, dubbed Xi, in Japan. The agreement is targeted at corporate users, the wireless carrier said, and the two will work on marketing and sales together. "Aiming to offer business-ecosystem tablets that meet the diverse needs of corporate users, the...
Apple just announced major changes among its management team. The company said that John Browett, the firm's retail chief who joined last January, and the senior vice president of iOS software Scott Forstall will be leaving the company. Forstall will serve as an advisor to Tim Cook before he leaves Apple entirely in 2013, but it's unclear when Browett's last day will be. "A search for...
Verizon announced its third quarter earnings on Thursday. The company reported profits of $1.59 billion, up from $1.37 billion during the third quarter of last year. Revenue also jumped from $27.91 billion to $29.01 billion. Verizon Wireless, a joint venture between Verizon and Vodafone, saw a 7.5 percent increase in year-on-year service revenues and a 7.9 percent increase in retail...
Amazon announced its new "Whispercast for Kindle" feature on Wednesday that it hopes will help push adoption of its eReader and Kindle Fire devices in school systems and in the enterprise. "ispercast provides a single access point to easily purchase and distribute Kindle books and documents for educational, marketing and employee incentive programs across Kindle devices and free Kindle...
Research firm Ovum recently published a report that suggests social messaging apps, such as WhatsApp, will cost wireless carriers as much as $54 billion by 2016. That's a staggering figure, however, and we wonder if Ovum took into consideration that carriers, such as AT&T and Verizon, have moved to a data-focused approach to billing and now provide unlimited text messaging with most...