New York (AirGuideBusiness - Travel Technology Business News North America) Nov 27, 2011
Alvarion, Wavion Alvarion[umlaut] Completes Acquisition of Wavion. Alvarion Ltd., a provider of optimized wireless broadband solutions addressing the connectivity, capacity and coverage challenges of public and private networks, today announced that it has completed the acquisition of privately-held Wavion, which was announced on November 2, 2011. The Wavion acquisition enables Alvarion to further leverage its years of experience providing carrier-grade solutions to create a unique combination of multi-technology capabilities which can be optimized for various types of networks and applications. OThe acquisition of Wavion will enable us to address the market for carrier-grade WiFi, one of the fastest growing segments of telecom equipment, with advanced technology designed specifically to serve the most demanding applications of both public and private networks,O said Eran Gorev, President and CEO of Alvarion. OWe are pleased that we were able to close the acquisition quickly and will focus on rapid integration to leverage our combined strengths. We continue to expect the acquisition to be accretive to non-GAAP earnings beginning in Q2 of 2012.O Nov 23, 2011
Amazon, DisplaySearch DisplaySearch: Kindle Fire shipments set to hit 6M in Q4. DisplaySearch now estimates that Amazon.com will ship 6 million Kindle Fire tablet computers this quarter, up from earlier projections of moving 4 million units for the holidays. Another market research firm, eDataSource, reports that sales of the Kindle Fire have been strong since the product went on sale Tuesday. Nov 21, 2011
America Movil, AT&T America Movil, AT&T to partner in Latin America. America Movil, one of the world's largest cell phone service providers, will partner with AT&T Inc to provide business telecommunications services to clients in Latin America, the companies said on Monday. America Movil , controlled by Mexican billionaire Carlos Slim and AT&T Inc will link their voice-over Internet networks so clients can connect more easily, the companies said in a joint news release. AT&T and Slim's phone enterprises have partnered before in the region, including reaching business clients in Mexico. "We have been working side by side for 20 years, sharing technology and operational expertise," said Isidoro Ambe Attar, Chief Executive, Telmex Corporate and Global Services.
Nov 21, 2011
Apple, China Unicom, China Mobile An Untapped Market for Apple. With as much growth and popularity that Apple's iPhone has seen, would you believe that there's still incredible room for even more upside in the years to come? As Apple's most important business segment and biggest cash cow -- 43.4% of revenue last year -- all eyes are on where iPhone fever will spread next. Recent analysis fromMorgan Stanley analyst Katy Huberty shows there's still plenty of money on the table. As the company has expanded its carrier partnerships beyond AT&T's (NYSE: T ) initial exclusivity, it has exploded iPhone unit sales from 11.6 million in fiscal 2008 (the first full year of iPhone sales) to 72.2 million in fiscal 2011. Apple's carrier list now counts 230 carriers in 105 countries, including Sprint Nextel and Verizon here in the United States. Asia is the next frontier for the iPhone. China represents an enormous opportunity once China Mobile joins China Unicom as an official carrier. The iPhone 4S has yet to make an official debut, although it draws near, as it has just recently passed regulatory muster. That hasn't stopped ambitious resellers from sneaking the devices into the country early and selling them for upwards of USD2,000. Beyond just China, Huberty indicates that 78% of Asian carriers have yet to offer the iPhone, representing 67% of the geography's subscriber base. Those between ages 25 and 34 see the highest smartphone penetration, and Asia has 655 million people in that category, or 10% of the world's population. On the flipside, she also notes that a large proportion, around 69%, of mobile subscribers in emerging markets tend to be prepaid. This proves to be a challenge, as the vast majority of iPhone buyers rely on carrier subsidies and service contracts to cover the majority of the iPhone's hefty retail price tag, which now starts at USD649 for an entry-level model in the United States. Huberty brings up the possibility of a lower-priced model to address the lower end of the spectrum, saying that a USD300 phone would more than double demand. The 2-year-old iPhone 3GS is now already practically free on contract, and it could easily be the lower-priced solution for emerging markets that Huberty is asking for. Penetration for 3G in those areas is incredibly low, and as Apple starts to tap into the vast Asian market, the picture of a new era of growth starts to become clear. Nov 23, 2011
Arris Group, BigBand Networks ARRIS Announces Successful Completion of Tender Offer for BigBand Shares. ARRIS Group, Inc. today announced that it has completed its tender offer for all outstanding shares of common stock of BigBand Networks, Inc. The tender offer expired at midnight on November 18 , 2011. A total of 67,103,577 shares of BigBand common stock were validly tendered and not withdrawn in the tender offer (including 728,324 shares tendered through notices of guaranteed delivery), representing approximately 92.5% of the outstanding shares on a diluted basis. Pursuant to the Agreement and Plan of Merger signed on October 10, 2011, ARRIS intends to complete today the merger of its wholly owned subsidiary, with and into BigBand. At the effective time of the merger, all outstanding shares of common stock of BigBand (other than the shares held by ARRIS, BigBand or their respective subsidiaries or shares held by BigBand shareholders who have properly exercised their dissenters' rights under Delaware law) will be canceled and converted into the right to receive cash equal to USD2.24 per share, without interest and net of applicable withholding taxes. In addition, after the merger, the BigBand common stock will cease to be traded on the NASDAQ Global Select Market. "We are pleased to announce the close of our acquisition of BigBand and welcome the talented professionals joining ARRIS around the world. I'd like to thank the BigBand executive team for their support as we planned the integration of the two companies," said Bob Stanzione , ARRIS Chairman & CEO. "The acquisition supports our strategy of expanding our video product suite and investing in the evolution towards network convergence on an all IP platform. This expanded portfolio and access to new market channels will provide greater opportunities to grow our customer base worldwide." Nov 21, 2011
AT&T Are You Watching This Trend at AT&T?. Margins matter. The more AT&T keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders. Healthy margins often separate pretenders from the best stocks in the market. That's why we check up on margins at least once a quarter in this series. I'm looking for the absolute numbers, comparisons to sector peers and competitors, and any trend that may tell me how strong AT&T's competitive position could be. Here's the current margin snapshot for AT&T and some of its sector and industry peers and direct competitors. Unfortunately, that table doesn't tell us much about where AT&T has been, or where it's going. A company with rising gross and operating margins often fuels its growth by increasing demand for its products. If it sells more units while keeping costs in check, its profitability increases. Conversely, a company with gross margins that inch downward over time is often losing out to competition, and possibly engaging in a race to the bottom on prices. If it can't make up for this problem by cutting costs -- and most companies can't -- then both the business and its shares face a decidedly bleak outlook. Of course, over the short term, the kind of economic shocks we recently experienced can drastically affect a company's profitability. That's why I like to look at five fiscal years' worth of margins, along with the results for the trailing 12 months, the last fiscal year, and last fiscal quarter. You can't always reach a hard conclusion about your company's health, but you can better understand what to expect, and what to watch. Here's how the stats break down: [yen]Over the past five years, gross margin peaked at 60.6% and averaged 57.1%. Operating margin peaked at 17.2% and averaged 13%. Net margin peaked at 16% and averaged 9.1%. [yen]TTM gross margin is 57.2%, 10 basis points better than the five-year average. TTM operating margin is 16.2%, 320 basis points better than the five-year average. TTM net margin is 9.3%, 20 basis points better than the five-year average. Nov 25, 2011
AT&T, Deutsche Telekom, FCC, DOJ AT&T Said to Plan Proposing Bigger Asset Sales to Save Takeover. The U.S. won a ruling that will allow prosecutors to discuss with outside lawyers and consultants documents AT&T Inc. gave the Federal Communications Commission to support its proposed purchase of T-Mobile USA Inc. Special Master Richard Levie in Washington said in an order today that he would allow Justice Department lawyers to discuss confidential material about Oeconomic or engineering modelsO with lawyers and consultants who represent potential witnesses in the case and who already have access to these materials in a related Federal Communications Commission case. OThe parties face a challenging short pre-trial period, as well as strict limitations on the number of witnesses they may depose and identify,O Levie said. OPlaintiffsO request will enhance their ability to focus on the pertinent witnesses and to target their pre-trial preparations, thereby facilitating the just and efficient resolution of this matter at trial.O The government sued...