Best of the Brokers November 28, 2012 BUNZL Citi cut the FTSE 100 distribution group’s target price from 1,250p to 1,190p but kept the firm at “neutral” to reflect a slow projected growth rate and lower earnings forecasts. ARM HOLDINGS Barclays Capital raised the Apple chip designer’s target price from 750p to 820p and kept its “overweight” rating, reflecting higher demand for [...]
iPhone 5 sees Apple take bite out of Android November 27, 2012 THE LAUNCH of the iPhone 5 led to Apple regaining the initiative in the smartphone wars in recent weeks, data released yesterday showed. US sales of iPhones overtook those of smartphones running Google’s software, Android, during the 12 week period to 28 October, figures from researchers Kantar Worldpanel showed. It is the first time since [...]
Ericsson and Samsung in patent wars as licensing talks collapse November 27, 2012 ERICSSON, the world’s biggest telecom network equipment maker, said it was suing Samsung Electronics for patent infringement after two years of talks failed to yield a licence agreement. Sweden’s Ericsson, which reckons more than 40 per cent of the world’s mobile traffic passes through its networks, filed a lawsuit in the United States saying Samsung [...]
Apple fires mapping boss November 27, 2012 Apple has sacked the head of its maps division following the iPhone maker’s embarrassment over the service, which has been beset by problems. Richard Williamson was ousted by senior vice president Eddy Cue in a bid to regain trust in the division, Bloomberg reported yesterday. Apple changed the maps service on its iPad and iPhone [...]
Black Friday hangover dogs Wall St stocks November 26, 2012 WALL Street slipped yesterday, pulling back from last week’s gains, as retailers fell on concerns about heavy discounts at the start of the US holiday shopping season and the overhang of the “fiscal cliff” kept investors wary of making big bets. The Nasdaq outperformed to close higher, led by gains in eBay and as Apple [...]
Apple adds products to lawsuit November 25, 2012 Apple has asked a federal court to add six more products to its patent infringement lawsuit against Samsung Electronics, including the Samsung Galaxy Note II, in the latest move in an ongoing legal war between the two companies. The case is one of two patent infringement lawsuits pending in the US District Court in San [...]
RIM shares rally on fresh hopes November 22, 2012 BLACKBERRY maker Research in Motion (RIM) received a rare boost yesterday as renewed optimism over its next range of smartphones sent shares in the company up more than 16 per cent. The Canadian firm has seen its share price repeatedly battered by gloom over its potential to recover former glories in the face of competition [...]
Panasonic and Sony struck by Fitch downgrade to junk status November 22, 2012 RATINGS agency Fitch downgraded the debt ratings of technology giants Sony and Panasonic to “junk” status, yesterday, citing weakness in their consumer electronics and TV operations and further diminishing the lustre of the once-great Japanese brands. The cut to below investment grade, the first by a ratings firm, comes as the floundering companies face weak [...]
Judge orders details of Apple’s HTC agreement to be revealed November 22, 2012 APPLE will have to disclose details of a peace treaty with HTC to its arch-rival Samsung, a US judge has ruled. In the latest development in the ongoing patent wars between the world’s two most successful smartphone makers, the Korean company’s lawyers will have special access to an agreement between Apple and HTC signed earlier [...]
UK’s online retailers prepare for record breaking Cyber Monday November 21, 2012 CHRISTMAS is expected to result in the biggest day in online retailers’ history this year, with visits to shopping websites due to top 100m for the first time. Retailers have flagged Monday 3 December – dubbed “Cyber Monday” as the most intense day of Christmas shopping this year. This is down to a combination of [...]