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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.
Samsung Sues Apple
April 25, 2011 by admin
Filed under Around The Net
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In the uber competitive world of mobile device development suing is fast becoming a sport engaged in by all of the titans of technology. Add another lawsuit to the pile as Samsung Electronics hits Apple with lawsuits in three countries alleging infringement of patents on smartphone technologies. Last week Apple sued Samsung for allegedly copying the designs of Apple’s iPad, iPod Touch and iPhone in its Galaxy smartphone and Galaxy Tab tablet PC.
On Thursday, the South Korean electronics maker sued Apple in Seoul alleging five patent infringements, in Tokyo over two alleged infringements and in Manheim, Germany, over three.
“Samsung is responding actively to the legal action taken against us in order to protect our intellectual property and to ensure our continued innovation and growth in the mobile communications business,” the company said in a statement.
According to Samsung, the lawsuits say Apple infringed on patents concerning reducing data transmission errors in WCDMA (Wideband CDMA) mobile networks, tethering mobile phones to PCs so the PC can use the phone’s wireless data connection, and reducing power consumption when transmitting data over HSPA (High Speed Packet Access) networks.
Apple’s lawsuit filed on April 15 in the U.S. says Samsung copied external design features on the iPhone, iPod Touch and iPad. The lawsuit further alleges that Samsung designed application icons for that come close to icons on Apple’s devices.