Audio and cars boost for CSR July 24, 2012 CSR, the British chipmaker that sold its mobile phone technology to Samsung last week, posted better-than-expected second-quarter results helped by demand for its platforms in audio and automotive. The Cambridge-based company posted a 37 per cent rise in second-quarter revenue to $266.5m (£172m), just exceeding its own guidance, while underlying earnings per share of $0.09, [...]
Off-licence hits back at Games branding rules July 24, 2012 OFF-LICENCE chain Oddbins hasn’t so much tweaked the noses of London 2012 chiefs as clamped them in a vice and swung them from a wrecking ball. In a tongue-in-cheek attack on the strict branding laws designed to protect the Games’ official sponsors, Oddbins have offered a discount to anyone who proves they’ve shunned all of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 19, 2012 FINANCIAL TIMES EU targets Google mobile services Europe’s antitrust enforcer is demanding that Google makes sweeping changes to its mobile services as it paves the way to serve formal charges against the company for anti-competitive behaviour should talks over a settlement collapse. The regulator is worried about how Google favours its own products in search results; [...]
Nokia writes off €220m as losses deepen July 19, 2012 NOKIA reported losses of €826m (£646.7m) for the three months to July yesterday and warned of more dismal figures in the current quarter, but shares in the troubled company jumped with results not as bad as feared. The Finnish mobile phone manufacturer sold just 10.2m devices over the period, compared with 16.7m for the same [...]
BEST of the BROKERS July 18, 2012 CSR UBS has downgraded the chipmaker from buy to neutral with a target price of 310p after it sold its handset business to Samsung. UBS says the move cements CSR’s position as a niche platform player. SAGE Merchant Securities has downgraded the software group from “buy” to “hold” with a target price of 280p after [...]
UK’s CSR in £200m Samsung deal July 17, 2012 BRITISH microchip firm CSR has sold its mobile phone technology division to South Korean electronics giant Samsung for $310m (£198.2m). The Cambridge-based company said its Bluetooth, WiFi and GPS location technology – which features in Samsung’s Galaxy smartphones, as well as Apple’s iPhone and iPad – is cutting edge. But the firm decided to sell because it was [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS July 15, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 4 July to Wednesday 11 July. Samsung has been picking up coverage for its Galaxy [...]
Nokia slashes smartphone price July 15, 2012 Nokia has cut the US price of its flagship smartphone in half, barely three months after its launch, in an effort to staunch losses in market share to rivals such as Apple and Samsung Electronics. The cost of the Lumia 900 Windows phone has been reduced to $49.99 from $99 with a two-year agreement, Nokia [...]
BBC iPlayer topples Marks & Spencer as digital brands dominate UK’s top three July 10, 2012 The latest YouGov BrandIndex bi-annual league table reveals that Amazon, Google and BBC iPlayer have managed to beat 850-plus brands to become the most highly-rated brands in the UK. The 2012 bi-annual league table, compiled using the Index score (a composite of six key image attributes – general impression, value, quality, satisfaction, recommendation and corporate [...]
Nokia continues to crumble July 10, 2012 Troubled phone maker Nokia hurtled along its downwards tumble yesterday as it shares sank a further three per cent to a 17 year low. The Finnish company, which once dominated the mobile phone market, has failed to keep up with newer offerings from smartphone giants Apple and Samsung and posted in April a €1.34bn (£1bn) [...]