NEW YORK-- GT Advanced Technologies said Tuesday it plans to sell 12 million shares of stock and $125 million in debt due in 2020.. GT Advanced Technologies Inc. creates products for use in consumer electronics and other technologies. In November, the Merrimack, N.H., company said it will supply sapphire material to Apple Inc. as part of a multi-year agreement.» Read More
Alcatel-Lucent plans to reduce its staff by 10,000 as part of a cost-cutting drive to save 1 billion euros ($1.4 billion) by 2015.
NUSA DUA, Indonesia, Oct 7- Taiwan's Hon Hai Precision Industry Co Ltd expects to find a local partner, register a joint venture and start building the infrastructure to manufacture mobile phone handsets in Indonesia next year.
NUSA DUA, Indonesia, Oct 7- Foxconn Technology Group expects to find a local partner, register a joint venture and start building the infrastructure to manufacture mobile phone handsets in Indonesia next year. Last year, Indonesia said the company was planning to invest $5- 10 billion over five to 10 years and would produce about 3 million handsets a year.
TAIPEI, Oct 4- Taiwan's HTC Corp slid into the red for the first time in the third quarter, adding to the case for the troubled smartphone maker to abandon its prized independence and reach out for a white knight soon.
SEOUL, Oct 4- Samsung Electronics Co Ltd is on track to post its second consecutive year of record earnings as a rebound in its semiconductor business shields the South Korean tech giant from a slower smartphone market. The market further tightened following a fire in early September at a China plant owned by SK Hynix, the world's No.2 chipmaker.
By Michael Gold and Faith Hung. TAIPEI, Oct 4- Taiwan's HTC Corp slid into the red for the first time in the third quarter, with sales hit hard by fierce competition in the smartphone market, supply chain constraints and internal turmoil. HTC lacks the scale of bigger rivals Apple Inc and Samsung Electronics Co Ltd and its troubles this year have only multiplied.
SEOUL, Oct 4- Samsung Electronics Co Ltd estimated its July-September earnings rose 25 percent to a record $9.4 billion as a strong recovery in memory chip prices helped counter a slowdown in the South Korean company's smartphone business.
*Q3 operating profit seen up 24 pct to $9.3 bln. SEOUL, Oct 4- Samsung Electronics Co Ltd is on track to post a record $9.3 billion quarterly profit as a rebound in its semiconductor business shields the South Korean tech giant from a slower smartphone market.
A person familiar with the matter told Reuters that private equity group Cerberus Capital Management LP was considering an offer for BlackBerry, which put itself on the block in August after bleeding market share to other smartphone makers.
LONDON, Oct 1- Britain's The Times newspaper said on Tuesday it would no longer make its mobile app available on a Blackberry because few people used it, in another sign that rival smartphone makers are trumping its technology.
TORONTO, Sept 27- BlackBerry Ltd reported a quarterly loss of nearly $1 billion on Friday, in line with a warning it gave last week, just days after the smartphone maker accepted its largest shareholder's tentative $4.7 billion bid to take it private.
However, a person familiar with the matter, who was not authorized to publicly discuss financial details of the deal, said Carlyle would invest $500 million in Beats Electronics, valuing it at over $1 billion. Beats Electronics also said it agreed to buy back the minority stake held by Taiwanese smartphone maker HTC Corp in the company.
Sept 26- Ebay Inc will buy payment gateway Braintree for about $800 million to strengthen its PayPal unit's presence on mobile devices and take out a rapidly growing rival. The deal gives Ebay access to Braintree's Venmo, an app that lets consumers make payments on smartphones and tablets, an area in which EBay wants to be more involved.
TORONTO/ NEW YORK, Sept 25- Shares in BlackBerry Ltd fell more than 6 percent on Wednesday on doubts about a $4.7 billion bid to take the smartphone maker private, and after a big U.S. carrier said it would stop stocking BlackBerry smartphones in its stores.
NEW YORK, Sept 25- T-Mobile US Inc, the No. 4 U.S. wireless service provider, plans to stop carrying BlackBerry Ltd smartphones in its stores and instead ship the devices directly, according to an executive for the company.
NEW YORK/ HELSINKI, Sept 25- Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company's review of how it can grow after the planned sale of its handset business to Microsoft Corp, several people close to the matter said.
SEOUL, Sept 25- Samsung Electronics Co Ltd said it will introduce a smartphone with a curved display in October, as the world's top handset maker seeks to set the pace of hardware innovation and maintain its supremacy in a fiercely competitive business.
China, a market dominated by Samsung Electronics Co Ltd and Lenovo Group Ltd, is expected to ship 120 million 4 G-enabled smartphones to meet consumer demand for Internet connectivity.
TORONTO, Sept 23- Smartphone maker BlackBerry has agreed to go private in a $4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share.
TORONTO, Sept 23- Embattled smartphone company BlackBerry Ltd plans to go private in a $4.7 billion deal being orchestrated by its largest shareholder. February 1985- Mike Lazaridis and Douglas Fregin co-found Research In Motion in Waterloo, Ontario, the Canadian university city where Lazaridis studied.