Vringo Files Lawsuit against ZTE
Vringo Alleges Infringement over Handsets, Base Stations and Base Station Controllers
Vringo, Inc. (NYSE MKT: VRNG), a company engaged in the innovation, development and monetization of mobile technologies and intellectual property, today announced that its wholly-owned subsidiary, Vringo Infrastructure, Inc., filed a patent infringement lawsuit against the UK subsidiary of ZTE Corporation (ZTE). ZTE describes itself as "a leading global provider of telecommunications equipment and network solutions," with recently reported annual revenue of US $13.7 billion (RMB 86.254 billion), according to filings with the Hong Kong Stock Exchange. According to ZTE's public filings, the company generates its revenue primarily from the sale of telecommunications equipment and handsets.
Leap, Savary Island and T-Mobile USA Close Spectrum Exchanges
~ Leap Adds Spectrum in Phoenix and Houston ~~ Savary Island Wireless, LLC Becomes Wholly Owned Subsidiary of Cricket
Leap Wireless International, Inc. (LEAP), a leading provider of innovative and value-driven wireless communications services, announced today that it has completed the previously announced transactions to exchange spectrum in various markets with T-Mobile USA (T-Mobile), Cook Inlet/VS GSM VII PCS LLC, a joint venture between T-Mobile and Cook Inlet in which T-Mobile has a non-controlling majority interest (Cook Inlet), and Leap's non-controlled, majority-owned venture Savary Island Wireless, LLC (Savary Island).
TiVo Announces Settlement of Patent Litigation With Verizon
TiVo and Verizon Enter Into a Patent Licensing and Commercial Arrangement
TiVo Inc. ( NASDAQ : TIVO ) announced today that it has settled its pending patent litigation with Verizon Communications Inc. and that the companies have entered into a mutual patent licensing arrangement. Under the terms of the settlement, Verizon will provide TiVo total compensation worth at least $250.4 million. The payments from Verizon to TiVo shall be comprised of a $100 million initial cash payment followed by recurring quarterly payments totaling an additional $150.4 million through July 2018. If the companies pursue certain commercial initiatives prior to December 21, 2012, up to $29.4 million of the payments made by Verizon would be subject to a credit of an equal amount. In addition to the guaranteed compensation, Verizon will also pay monthly license fees through July 2018 for each Verizon DVR subscriber in excess of certain pre-determined levels.
Rambus Receives Decision in SK Hynix Case
Rambus entitled to compensation for infringement based on fair and reasonable royalty rates
Rambus Inc. (RMBS), one of the world’s premier technology licensing companies, today announced that the judge for the Northern District of California (NDCA) has issued his decision in the matter with SK Hynix. The Honorable Ronald M. Whyte has found that the Rambus patents in this case are valid and infringed by SK Hynix and Rambus is entitled to receive royalty payments for past infringement based on reasonable and non-discriminatory (RAND) rates.
Velti Closes Largest-Ever Mobile Marketing Deal With Major U.S. Brand, in $27 Million, 2-Year Agreement
Major U.S. Brand Partners with Velti to Establish a Long-Term Bond with Its Customers through Mobile Marketing Technology
Velti (VELT), the leading global provider of mobile marketing and advertising technology, today announced it has closed a $27 million, 2-year deal to provide its mobile marketing technology to a major U.S. brand. Expected to commence in the next few weeks, this program will drive increased engagement with and long-term loyalty of the brand’s existing customers.
IRIS International Announces Agreement to be Acquired by Danaher Corporation for $19.50 per Share
IRIS International, Inc. (IRIS), a leading manufacturer of automated in-vitro diagnostics systems and consumables, and a provider of high value personalized medicine solutions, today announced that it has entered into a definitive merger agreement under which Danaher Corporation (DHR) will acquire IRIS International for $19.50 per share in cash, representing an approximate 45% premium over the closing price of IRIS's common stock on September 14, 2012. An affiliate of Danaher is expected to commence a tender offer for all of IRIS's outstanding common stock within the next 7 days, which offer will remain open for a minimum of 20 business days following its commencement. The tender offer is conditioned upon at least a majority of IRIS' outstanding shares being tendered, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions
Skype Veteran Perry Teevens Joins LiveDeal to Lead Business Development
LiveDeal, Inc. ( NASDAQ : LIVE ), a provider of local Internet marketing services and mobile technology solutions for small- and medium-sized businesses (SMBs), today announced that Perry Teevens has joined the company as its Senior Vice President Business Development, effective October 1, 2012. In this newly created role, Mr. Teevens will be responsible for strategic partnerships and acquiring new subscribers for LiveDeal's suite of products and will report to the company's President and Chief Executive Officer, Jon Isaac.
Mr. Teevens holds more than 15 years' experience in sales management and business development for innovative IP multimedia systems and software companies. Most recently he was the head of business development at Skype, one of the world's fastest growing Internet communications companies, where he was responsible for strategic planning and global business development for the Skype-for-Business and Enterprise Business Unit.
Mindspeed and SpiderCloud Innovate on Scalable Enterprise 3G Small Cells
Joint Chip and Software Developments Overcome Interference and Mobile Handoff Barriers
Mindspeed Technologies, Inc. (MSPD), the leading supplier of small cell technology, today announced that it has co-developed a customized baseband processor with SpiderCloud Wireless featuring software, self-organizing and scalable system features by SpiderCloud. The new processor solution opens the door for mobile operators to roll out scalable deployments of robust indoor 3G systems for medium to large enterprise customers worldwide.
RF Industries' Third Quarter Sales Increase 51% to a Record $7,472,000; Consolidated Net Income is $0.10 per Diluted Share
Nine Months Sales Increase 46%; Consolidated Net Income is $0.19 per Diluted Share Company Declares Regular Quarterly Cash Dividend of $0.05 per Common Share
RF INDUSTRIES, LTD. (RFIL) today announced record quarterly sales and consolidated net income for the third quarter ended July 31, 2012. Net sales increased 51% to a quarterly record $7,472,000 compared to $4,948,000 in the same quarter last year. Consolidated net income was a quarterly record $735,000, or $0.10 per diluted share, compared to consolidated net income of $65,000, or $0.01 per diluted share in the same quarter last year.
Optical Cable Corporation Reports Fiscal Third Quarter 2012 Financial Results
OCC® Achieves Increases in Net Sales, Gross Profit and Net Income
Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its fiscal third quarter ended July 31, 2012. The Company achieved significant increases in net sales, gross profit and net income for both the quarter and year-to-date periods, compared to the same periods in fiscal year 2011.
OCC's increased sales and strong operating leverage resulted in net income attributable to OCC during the third quarter of fiscal 2012 of almost ten times that of the same period in 2011 and net income attributable to OCC for the year-to-date period in 2012 of more than five times that of the same period in 2011.
Cypress Ships 1 Billionth Capacitive Touch Unit
User Interface Leader Leverages Strong Innovation and IP Portfolio to Deliver Touchscreen, Capacitive Button, and Trackpad Solutions for High-Volume Applications
Cypress Semiconductor Corp. (CY), the world leader in touch-sensing solutions, today announced that it has shipped over 1 billion capacitive touch units. Included in the billion units are Cypress’s TrueTouch® touchscreen controllers; CapSense® controllers for mechanical button, slider and switch replacement; and trackpad units for cursor navigation in laptop computers.
IDT Announces World’s First PCI Express Gen 3 NVMe NV-DRAM Controller
IDT Expands NVM Express Controller Portfolio with NVMe Non-volatile DRAM Solution, Maximizing Random Performance While Reducing Latency in Enterprise Applications
Integrated Device Technology, Inc. (IDT®) (IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, today announced the industry’s first NVM Express (NVMe) enterprise non-volatile DRAM (NV-DRAM) controller with native support for PCIe® Gen 3. The new NVMe NV-DRAM controller expands upon IDT’s previously announced NVMe flash controller family to provide standards-based, high-density, high-performance PCIe-attached NV-DRAM solutions built around a combination of DRAM and NAND flash devices.
TeraGo Initiates Strategic Review
TeraGo Inc. ( TGO ) (www.terago.ca) today announced that its Board of Directors has initiated a review process to identify, examine and consider a range of strategic options available to the Company with a view to enhancing shareholder value.
The review was initiated following the recent amendments of the Telecommunications Act (Canada) which removed foreign ownership restrictions on telecommunications companies with less than a 10% market share in Canada, which applies to TeraGo.
Splunk Inc. Announces Fiscal Second Quarter 2013 Financial Results
Company Increases Full Year Revenue Outlook
Splunk Inc. (SPLK), the leading provider of software for real-time operational intelligence, today announced results for its fiscal second quarter ended July 31, 2012.
"The momentum that we realized in our first quarter of fiscal 2013 has continued into our second quarter," said Godfrey Sullivan, Chairman and CEO. "We added nearly 400 new customers and are equally excited about the expanded use of Splunk in our customer base."
Kenexa Announces Acquisition by IBM Kenexa Corporation (Kenexa) (NYSE:KNXA), a leading provider of recruiting and talent management solutions, today announced that it has entered into a definitive agreement to be acquired by International Business Machines Corporation (NYSE:IBM) for $46.00 per share in cash in a transaction valued at approximately $1.3 billion.
The transaction has been approved unanimously by the Kenexa Board of Directors and the Kenexa Board of Directors recommends that Kenexa shareholders approve the transaction.
Aruba Networks Reports Record Fourth Quarter and Fiscal Year 2012 Financial Results Aruba Networks, Inc. (NASDAQ: ARUN) today released financial results for its fourth quarter and fiscal year ended July 31, 2012.
Revenue for Q4’12 was $139.2 million, an increase of 22 percent from the $113.8 million reported in Q4’11. GAAP net loss for Q4’12 was $3.0 million, or $0.03 per share, compared with GAAP net income of $68.2 million, or $0.57 per share, in Q4’11. GAAP net income for the 2011 fiscal fourth quarter included a one-time tax benefit of $72.8 million, equivalent to $0.61 per share, related to the establishment of our international operating entity.
Non-GAAP net income for Q4’12 was $22.1 million, or $0.18 per share, compared with non-GAAP net income of $20.2 million, or $0.17 per share, in Q4'11. Reconciliation between GAAP and non-GAAP information is contained in the tables below.
Towerstream Reports Second Quarter 2012 Results
Signs Agreement to Acquire Delos Internet in Houston
Towerstream Corporation (TWER) (the "Company"), a leading 4G and Wi-Fi/ Small Cell Network Services provider, announced results for the second quarter ended June 30, 2012.
Second Quarter Operating HighlightsRevenues increased 4% to $8.1 million during the second quarter 2012 compared to the first quarter 2012 and increased 23% compared to the second quarter 2011. Adjusted EBITDA profitability, excluding non-recurring expenses and net costs associated with the small cell rooftop asset platform, was $1.3 million for the second quarter 2012 compared to $1.4 million for the first quarter 2012 and $1.1 million for the second quarter 2011.
Redknee Signs Converged Billing Deal With North American Tier-1 Service Provider
Redknee Expands Footprint in North America With Mobile Virtual Network Enabler (MVNE)/Sub-Brand Converged Billing Contract
Redknee (RKN.TO), a leading provider of business-critical billing and customer care software and solutions for communications service providers, is pleased to announce that a leading Tier-1 national communications service provider (CSP) in North America has selected Redknee's cloud-based converged billing and customer care platform. Redknee's platform will support the CSP's multi-brand strategy, including the launch of new consumer and partner brands and mobile virtual network operators (MVNOs) to the market from a centralized platform. This multi-million dollar, multi-year term license contract highlights Redknee's growing presence in Tier-1 markets due to its expertise in providing large-scale solutions in the cloud.
Key Tronic Corporation Announces Fourth Quarter and Year End Results
Year-over-Year Revenue Up 36% and Net Income Up 103% Continued New Customer Wins and Revenue Diversification
Key Tronic Corporation (KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter and year ended June 30, 2012.
For the fourth quarter of fiscal 2012, Key Tronic reported total revenue of $96.7 million, up 46% from $66.0 million in the same period of fiscal 2011. For the full year of fiscal 2012, total revenue was a record $346.5 million, up 36% from $253.8 million in fiscal 2011.
Dex One and SuperMedia Will Combine to Create a National Provider of Social, Local and Mobile Marketing Solutions
Local Consultants Simplify Marketing for Business Owners
Dex One Corporation (DEXO) and SuperMedia Inc. (SPMD):
Highlights of the CombinationOver 3,100 marketing consultants serving more than 700,000 local businesses Pro-forma combined 2011 revenue was $3.1 billion, with non-GAAP adjusted EBITDA of approximately $1.2 billion and non-GAAP free cash flow of $610 million Combined companies estimate annual expense synergies of $150-$175 million by 2015