In an unfortunate turn of events, Broadcom has decided to completely shutter their entire baseband modem business less than a year after acquiring Rensas’ own mobile modem business which had been under threat of also shutting down after originally being acquired from Nokia. This announcement came as part of the company’s earnings release yesterday, where they reported a $1 million loss on $2 billion in revenue (essentially break-even) compared to the previous quarter where they had made $165 million. But even so, Broadcom has announced that with the shuttering of this division they will be laying off approximately 2,500 people which are currently part of this
Intel Reports Stronger Q2 2014, Raises Expectations
Intel reported stronger than expected quarterly earning for the second calendar quarter of 2014. In Q2 2014, Intel [NASDAQ:INTC] managed to report $2.8 billion in profit on $13.8 billion in revenue. As a result, they reported an earnings per share of $0.55 and generated $5.5 billion in cash from operations. They also paid out dividends of $1.1 billion and used $2.1 billion to repurchase 74 million shares. Now, compared to the previous quarter Intel’s revenue of $13.8 billion was $1 billion or 8% higher than the $12.8 billion reported last quarter. Additionally, they reported an increase of nearly 5% to their gross margin to 64.5%
Broadcom's Modem Exit Gives 2nd Chance to Others
Early last week, Broadcom announced that they would be looking to offload their cellular modem division or simply shutter operations. This announcement came as a surprise to many because the company had only recently acquired Rensas Mobile’s modem division (acquired from Nokia). This was done after Renesas Mobile was talking about shutting down the division entirely due to being unable to compete with the likes of Qualcomm and Infineon. Broadcom ‘saved’ Renesas Mobile’s modem division (mostly based in Finland) back in September of 2013, which completed in October of that same year with a final purchase price of $164 million. Now, Broadcom already had fairly significant wireless
Chinese Company, Transtar, Makes a Perfect Samsung Galaxy Mega Copy
It isn’t very often that we see knock offs of mainstream products that are really good ones, and it isn’t very often that they come forward to us and proudly exclaim how well they’ve managed to copy a popular product, but today we got both. The company that contacted us, Transtar, proudly exclaimed how they’ve managed to make a 1:1 copy of the Samsung Galaxy Mega 6.3″ phone. And to be honest, by looking at it, it is actually really hard to tell the difference between the phone they’ve made and the phone Samsung makes. The Galaxy Mega itself isn’t an incredibly complex phone, or