|Bid||0.00 x 36900|
|Ask||0.00 x 45100|
|Day's Range||5.15 - 5.28|
|52 Week Range||4.71 - 6.65|
|Beta (3Y Monthly)||0.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.22 (4.40%)|
|1y Target Est||6.61|
Despite higher year-over-year sales, Ericsson (ERIC) misses Q3 earnings estimates mainly due to a provision of SEK 11.5 billion. Management raises 2020 sales target on the back of accelerated demand for 5G.
Ericsson (ERIC) will provide its industry-leading radio system for use across Xtreme Enterprises' network solution and service portfolio to deliver stable broadband speed and reliability of data usage.
Google (GOOGL) enlisted Nokia's HMD to testify in its favor during a lawsuit with the EU’s (European Union) General Court over a huge antitrust fine.
CommScope's (COMM) buyout of Fractus' patent technology is likely to translate into incremental revenues by offering an opportunity to serve a wider spectrum of customers for increased 5G deployment.
Arista (ANET) is providing SK Telecom with universal spine and leaf network switches, combining routing and switching to reduce complexity and significantly improve scale.
AT&T (T) will receive $1.95 billion in cash at close of the deal, which comprises network assets including spectrum, real estate and leases.
As 5G partner and sole radio access network provider, the contract allows Ericsson (ERIC) to enable nationwide 5G in Telia Norway's network by 2023.
While Juniper (JNPR) augments network capabilities in the United Kingdom, Viasat (VSAT) extends its footprint in the Latin American market of Brazil.
(Bloomberg) -- Now that Microsoft has restored some of its former glory, the company is going for an even more unlikely comeback: rewriting the history of its much-maligned phone business.Three years after retreating from the smartphone business, Microsoft on Wednesday took the wraps off the Surface Duo, a dual-screened handheld computing device coming in time for Christmas 2020. Yes, it makes phone calls and sends texts, even if Microsoft doesn’t seem to want to call it a phone (or a comeback).The success of this surprise return to phone hardware could rest on how Microsoft intends to market it. The company’s current lineup of Surface laptops and tablets is generally targeted at the high end of the electronics market – corporate users and gadget enthusiasts who value the sharp design or need the ability to blend work and personal functions on one device. Microsoft’s overall strategy for the broader Surface hardware business has never been to become one of the biggest laptop or tablet sellers, and the company has only a couple of percentage points of the worldwide tablet market, according to IDC. The question is whether the company will take the same approach with the Duo phone—will it be a hero device aimed at a small percentage of the market, meant to showcase how the company’s cloud-based services work in a mobile world? Or is Microsoft aiming to pose a serious challenge to other smartphone makers? With the device a year away, it’s not clear if Microsoft has worked out its plan yet.At the unveiling in New York, Chief Product Officer Panos Panay took pains to focus on the Duo’s similarities to other Surfaces, even as he noted that the press and analysts in the audience would headline its ability to make calls and send texts. “You’re going to talk about this as a phone,” he said when previewing it at the company’s annual hardware event. “Make no mistake, this product is a Surface.” Panay even told Wired he doesn’t want people to call it a phone. Chief Executive Officer Satya Nadella and other executives have frequently responded to questions about whether or when Microsoft would make a phone again by pledging that the company wouldn’t do so unless it had a differentiated product and a significant point of view. In the Duo, the company thinks it has just that. A portable, foldable device with two screens – not a folding screen like Samsung Electronics Co.’s Galaxy Fold – that can merge Microsoft’s apps with those made for Google’s Android operating system. Either way, the move is significant both strategically and in historical context. Phones became the white whale of Nadella’s predecessor, Steve Ballmer, who negotiated the $9.5 billion purchase of Nokia Oyj’s handset business in 2013 in a desperate attempt to get traction in a growing market. Though designing and selling one model of a Surface phone is a smaller investment than that disastrous deal, another failure here would sting. It would also dent Nadella’s reputation as Microsoft’s turnaround king and a shrewd judge of which businesses to home in on and which to jettison. Few things represent the impotence of Microsoft’s waning tech leadership in the aughts than its missteps in mobile. Indeed, even in a period when sales and profit rose and Microsoft created massive businesses in Xbox and server software, it was the poor execution and strategy in phones that colored public perception of the company. Years before Apple Inc. and Google pioneered the modern smartphone market, Microsoft began its foray into phone software in the early 2000s – and had fielded handheld-organizer programs even earlier than that. Yet its products never caught on. In 2007, then-CEO Ballmer publicly derided Apple’s first iPhone, and Microsoft mobile executives had the same take on Android, arguing that Windows already offered an operating system for phone makers to load on their handsets.As Android and Apple's iOS ate away at Windows Phone’s market share, Microsoft increasingly looked to Nokia as a savior, first striking a partnership to put Windows on Nokia handsets. Ultimately Ballmer fought his board and pushed through a plan to acquire that handset business in the waning days of his tenure as CEO. Nadella, who had initially voted against the purchase when Ballmer polled his top executives, stuck with it. Less than 18 months later, that call came back to bite him as Microsoft had to write down almost the whole value of the deal. Microsoft fired most of Nokia’s workers and exited the phone business.It wasn’t just a major embarrassment – Microsoft’s phone debacle dealt a serious blow to its flagship Windows operating system, confining the software to the declining desktop computer market and leaving the phone and tablet spoils for Apple, Google and Samsung.Microsoft’s announcement this week is a declaration that it’s back in the game – to what degree isn’t yet clear. One thing, though, is certain: Nadella’s Microsoft has a healthier sense of what the company is good at, and where it should just license technology from others who are further ahead. The Surface Duo will run on Google’s Android, not Windows. To contact the author of this story: Dina Bass in Seattle at firstname.lastname@example.orgTo contact the editor responsible for this story: Jillian Ward at email@example.com, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Microsoft Corp. unveiled a dual-screen, foldable phone that will run on Google’s Android operating system, jumping back into the handset market after product failures and costly writedowns pushed it out three years ago. The phone, called the Surface Duo, has two 5.6-inch screens and will ship in time for the 2020 holiday season, Microsoft Chief Product Officer Panos Panay said at an event in New York Wednesday. With the Duo, Microsoft will seek to seize a share of a massive global market for mobile phones that’s on the cusp of transitioning to new technology with the arrival of 5G networks. Chief Executive Officer Satya Nadella took Microsoft out of the phone business in 2016, three years after the purchase of Nokia Oyj’s handset unit for more than $7 billion failed to arrest Windows’ sliding share in the smartphone market.Since then, company executives have repeatedly said Microsoft wouldn’t re-enter that market unless it had something different to offer. A return to phones this time has Microsoft relying on software rival Google’s Android for the operating system. Android powers the large majority of smartphones around the world. “This is an aggressive move that was not expected by the Street,” said Wedbush Securities analyst Daniel Ives. “We view it as a smart strategic gamble by Nadella to jump back into the deep end of the pool on the smartphone front.’’ The new phone makes sense for Microsoft because any company that's serious about hardware needs to have a mobile play, said Ryan Reith, an analyst at research firm IDC. The most interesting thing about the announcement is the dual-screen form, Reith said. It's likely Microsoft made that choice because a regular phone wouldn't have stood out as much among the dozens of alternatives already out there, he said.The move also draws Microsoft further into a hardware business some investors still haven’t warmed to. Microsoft shares were down 2.2% to $134.01 at 12:31 p.m. in New York. Nadella has been quick to embrace rival products where it advances Microsoft’s goals, such as apps for Android and Apple Inc.’s iOS, and using the Linux operating system within Windows and Azure cloud products.The European Union’s antitrust ruling against Google last year over the way it puts search and web-browser apps onto Android devices also means Microsoft would be freer to merge its own apps with Android. Since the EU’s case, it's now possible for a phone maker to use Android and the Play app store and still preinstall all of its own services on the homescreen.Microsoft and Google make competing sets of productivity software, and it remains to be seen which company's apps will be preloaded on the phone. Still, it's unlikely the handset will become a major battleground for the two, Reith said.“Both risk their productivity suites competing with each other but there's more short-term opportunity for them collaborating,'” he said.Other announcements made at Microsoft’s annual hardware event include a new Surface Neo laptop with a 360-degree hinge and two 9-inch screens so it can open like a book or like a laptop. The device has a removable, flipable keyboard, which magnetically seals to the back of the device, along with a pen. It will run a new version of Windows 10 designed for dual screens called Windows 10X. The new foldable Surface products come as companies like Samsung Electronics Co. and Huawei Technologies Co. have also rolled out phones with similar features, albeit after some initial design difficulties, and PC makers like Lenovo Group Ltd. have shown computer prototypes with folding screens. Microsoft also introduced a completely redesigned version of its Surface Pro hybrid tablet-laptop that's thinner, lighter and faster than previous models and runs on a customized processor with Microsoft and Qualcomm Inc. technology. Called the Pro X, the device also has a custom artificial intelligence processor and better battery life. The device’s pen gets stowed in the tablet’s cover where it wirelessly charges. Microsoft also showed off white, circular Surface earbuds that have touch controls to enable the user to take calls and switch music. They will be available later this year starting at $249.Redmond, Washington-based Microsoft relies on its Surface devices to boost sales as well as show off its software and attract customers to its family of products. Many of the products have been well reviewed, though Microsoft lags behind Apple and other hardware vendors in popularity. Microsoft held a 3.6% share of the worldwide tablet market in the second quarter of this year, making it the No. 6 vendor with shipments of nearly 1.2 million units, according to IDC. That represents growth of 48% compared with a year earlier. Apple by comparison was No. 1 in with a 38% share.Microsoft also presented a new laptop and an update to the existing Surface Pro device.The new Surface Laptop 3 will have an aluminum exterior finish, “instant on” and a bigger trackpad. The device will be available with a 15-inch screen and fast charging. Panay said the product is three times more powerful than Apple’s Macbook Air. The devices can be pre-ordered starting Wednesday and will be available Oct. 22 at $999 for the 13-inch and $1,199 for the 15-inch. The Surface Pro 7 comes out the same day and starts at $749.Microsoft’s device revenue topped $6 billion in the year that ended June 30, including Surface units and PC accessories, according to its annual filing. The company uses the devices to attract corporate users to its hardware and programs, while Apple dominates the consumer part of the market, according to Wedbush’s Ives. “Surface represents the tip of the spear of the broader Microsoft ecosystem as Microsoft still needs a horse in the race on next generation consumer hardware and devices,” Ives said. “While some investors continue to question this investment as good money going after bad endeavors on Surface, we strongly disagree as this remains a mind and market share strategic gamble.”\--With assistance from Kiley Roache.To contact the authors of this story: Dina Bass in Seattle at firstname.lastname@example.orgGerrit De Vynck in New York at email@example.comTo contact the editor responsible for this story: Molly Schuetz at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
As an end-to-end supplier of multiple technologies, Nokia (NOK) intends to transform KDDI's network and launch 5G for consumers and businesses across Japan.
The twin offices are likely to supplement Viasat's (VSAT) regional expansion plans as it focuses on bringing new satellite-enabled services across Brazil.
Sony (SNE) intends to offer an 85,000-square-foot luxury dine-in theater with 15 screens at Galaxy Theatres' newest venue at Grandscape, Texas, by spring of 2020.
Over the past two years, Ericsson (ERIC) has made substantial investments in ethics and compliance program including investigative capabilities.
The Zacks Analyst Blog Highlights: Exantas, TiVo, North American Construction, Arbor Realty and Nokia
(Bloomberg) -- Huawei Technologies Co. founder Ren Zhengfei is ready to license his fifth-generation networking technology only to one other company -- and he wants that potential arch-rival to be American.The army officer-turned-billionaire reiterated an offer Thursday to license out Huawei’s full portfolio of 5G wireless technology -- which would include chip designs, hardware and source code -- to a single, exclusive licensee. That should be a U.S. company because Europe is home to close competitors like Nokia Oyj and Ericsson AB and doesn’t need help to compete, he added.Huawei, accused by Donald Trump’s administration of aiding Beijing in spying while spearheading China’s tech-superpower ambitions, is trying to claw back business and shore up trust in its products. Ren reaffirmed an earlier estimate that U.S. sanctions could depress the company’s sales by $10 billion annually. His lieutenants have lately echoed his 5G licensing proposal to reassure foreign customers Huawei’s gear is free of security loopholes. But a willing buyer has yet to emerge.“We would like to offer an exclusive license to one company from the West so that it’s able to achieve economies of scale to support a business,” Ren said in a live-streamed discussion with visiting foreign academics. “With this one company, I think it should be a U.S. company.”Read more: China’s Huawei Woos Tech World With $1.5 Billion and 5G SecretsCritics charge that intellectual property theft from the likes of Cisco Systems Inc. and Motorola Solutions Inc. helped Huawei vault into the upper echelons of telecommunications providers, while Ren and his executives credit years of investment and research. The wireless giant is now accelerating spending on artificial intelligence chips and mobile software. It’s mobilizing its employees to source or develop alternatives to American circuitry and software to keep its edge in smartphones and next-generation 5G wireless technology.Huawei is on track to produce 600,000 base stations this year and 1.5 million of those the next. The company can make it happen without American components but it would prefer buying from U.S. suppliers, Ren said.The billionaire has gone from recluse to media maven in the span of months as he fights to save the $100-billion company he founded. The 74-year-old billionaire has taken the lead in Huawei’s defense after the arrest of eldest daughter and Chief Financial Officer Meng Wanzhou as part of a broader probe into the company. He’s since become a central figure in a U.S.-Chinese conflict that’s potentially the most important episode to shape world affairs since the collapse of the Soviet Union.“As time goes by, trust levels will increase,” he said during a discussion with Stanford lecturer Jerry Kaplan and fellow academic Peter Cochrane. “If we’re talking about a tech decoupling or separate governance, I don’t think it’s possible.”Read more: Billionaire Huawei Founder Defiant in Face of Existential ThreatTo contact Bloomberg News staff for this story: Gao Yuan in Beijing at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Edwin Chan, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
ADTRAN's (ADTN) 10G communications foundation along the Eastern Shore of Maryland helps to connect underserved communities and drive overall economic growth in the region.