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Teecee- I got this from yahoo:IDCC upped to Overweight. Target: 37
by: WSChurchill99 (42/M) 03/18/03 12:41 pm
Msg: 144453 of 144463
By CFLB Cie.
bs or what
Dan
MORNING UPDATE: Man Securities Issues Alerts for MXIM, NYAP, WGO, SVM,
CHICAGO, Mar 18, 2003 /PRNewswire via COMTEX/ -- Man Securities issues the following Morning Update at 8:30 AM EST with new PriceWatch Alerts for key stocks.
(Photo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO )
Before the open ... PriceWatch Alerts for MXIM, NYAP, WGO, SVM, and IDCC, Put/Call Alert, FuturesWatch, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"Now that we're getting some clarity regarding Iraq, it just removes one of the obstacles for anyone who wanted to claim that as an uncertainty facing the market. For months now, anyone who's nervous about the war has already been selling, so in a way, there was no where left to go but up."
-- Christopher Wolfe, strategist, J.P. Morgan
New PriceWatch Alerts for MXIM, NYAP, WGO, SVM, and IDCC ...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- Maxim Integrated Products Inc. (Nasdaq: MXIM)
Last Price 39.47 - APR 40 CALL OPTION@ $2.10 -> 7.0 % Return assigned*
-- Network Appliance, Inc. (Nasdaq: NTAP)
Last Price 11.45 - JUN 10 CALL OPTION@ $2.30 -> 9.3 % Return assigned*
-- Winnebago Industries Inc. (NYSE: WGO)
Last Price 29.76 - APR 30 CALL OPTION@ $1.50 -> 6.2 % Return assigned*
-- ServiceMaster Limited Partnership (NYSE: SVM)
Last Price 9.59 - JUL 10 CALL OPTION@$0.35 -> 8.2 % Return assigned*
-- InterDigital Communications Corp. (Nasdaq: IDCC)
Last Price 19.54 - APR 20 CALL OPTION@ $1.55 -> 11.2 % Return
assigned*
*For our report on "5 Dividend paying stocks with double digit returns", go to: www.investorsobserver.com/5div
** Want unbiased, concise, and analytical information on hot biotech companies? Fill out a 5 question survey and it's yours FREE at: www.investorsobserver.com/freebio
NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security.
MARKET OVERVIEW
Overseas markets are demonstrating follow through on yesterday's gains. Currently all 15 of the market that we track are holding onto positive numbers. The cumulative average return on the group stands at a hefty plus 2.772 percent. Turning toward Germany, financial analysts were slightly more optimistic about the outlook on the country's economic growth. The Zentrum fuer Europaeische Wirtschaftsforschung's (ZEW) economic expectations index rose for a third consecutive month to 17.7 in March. That figure compares with a reading of 15.0 for the previous month and expectations for a reading of 13.0. In the primer on how to read this index, a reading above zero signals that more analysts are optimistic than pessimistic on the economic outlook.
If you can tear yourselves away from the news long enough today, we do have some economic data due out. Both weekly reports on the health of the retail sector will be released before the market open. BTM-UBS Warburg Chain Store Sales were last reported at a 0.6 percent rise. Redbook Retail Sales last reported at a minus 0.9 percent. At 8:30 am. February Housing Starts are seen to have declined by 6.5 percent following a meager rise of 0.2 percent in January. The Federal Open Market Committee (FOMC) begins its one-day meeting at 9:00. Any change of interest rates is currently unexpected, but many expect a possible change in bias from "neutral" to "easing." We will all find out together around 2:15 p.m.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday Morning Outlook. For more details and to sign up go to: http://www.schaeffersresearch.com/redirect.asp?CODE=GJ01A3&PAGE=1
PUT/CALL ALERT
Equity option activity on the CBOE yesterday had 479,787 put contracts trade compared to 716,463 call contracts (the first time that the CBOE traded over one million contracts in some time). The resultant 0.670 put/call ratio has failed to inhibit the 21-day moving average's journey lower, currently standing at 0.668. The CBOE Market Volatility Index (VIX - 36.46) added 0.36 percent and the Nasdaq 100 Trust Volatility Index (QQV - 41.68) jumped by 5.47 percent. Just in case you did not notice it, both "fear gauges" moved higher on a day when their underlying closed positive. It is typically the other way around, the market rallies and the fear gauges decline. One of two potential scenarios here, this could be the result of the change in options used to create the fear gauges as we head into March options expiration this Friday. It could also indicate that with investors buying this rally, they also increased their demand for put protection should the market falter. This would indicate that a lot of pent-up fear remains in the market and its unwinding could help sustain a brief rally.
FUTURES WATCH
The futures markets look like they're poised to continue the strong upside ride for at least the first part of today's trading session. That same strength is catching on in a broad scale throughout the other markets around the world. Oil prices are lower again this morning, which just adds to the rally in equities. The President's ultimatum has lifted the plague of uncertainty that has been hanging over the market for quite some time. The FOMC meeting was expected to lower rates today but that may change with the events of the past couple of days. This market has all the indications of the beginning of a rally that could have some real substance in the weeks to come. Both the S&P and NASDAQ futures have traded above some key technical levels and are on the verge of penetrating some long term levels as well. The NASDAQ futures have been gaining on the S&P futures for the past few weeks and it looks as if that scenario is picking up momentum along the way. I think the spread between the two markets is the best indicator for the direction of the markets. I'll look for the NASDAQ to start to lose ground to S&P futures in order to watch for a reversal of the current trend.
*For a free Trader's Resource CD click the following link or paste it into your browser address bar: http://www.manfutures.com/mucd.html
TODAY'S ECONOMIC CALENDAR
7:45 a.m.: BTM-UBS Warburg Chain Store Sales for the week of March 15
(last plus 0.6 percent).
8:30 a.m.: February Housing Starts (seen minus 6.5 percent, last plus
0.2 percent).
9:00 a.m.: Federal Open Market Committee meeting begins.
9:00 a.m.: Redbook Retail Sales for the week of March 15 (last minus
0.9 percent).
2:15 p.m.: Federal Open Market Committee decision on interest rates and
comment expected.
Man Financial Inc is one of the world's major futures and options brokers and has been recognized as a leading option order execution firm for individuals and institutions. Member CBOE/NASD/SIPC (CRD#6731). For more information and a free CD with educational tools to help you invest smarter, see http://www.mansecurities.com/mu.html .
This Morning Update was prepared with data and information provided by:
InvestorsObserver.com - Better Strategies for Making Money -> For Investors With a Sense of Humor. Only $1 for your first month plus seven free bonuses worth over $320, see: www.investorsobserver.com/18ways
Schaeffer's Investment Research - Sign up for your FREE e-weekly, Monday Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now http://www.schaeffersresearch.com/redirect.asp?CODE=GJ01A3&PAGE=1
All stocks and options shown are examples only. These are not recommendations to buy or sell any security and they do not represent in any way a positive or negative outlook for any security. Potential returns do not take into account your trade size, brokerage commissions or taxes which will affect actual investment returns. Stocks and options involve risk and are not suitable for all investors and investing in options carries substantial risk. Prior to buying or selling options, a person must receive a copy of Characteristics and Risks of Standardized Options available from Sharon at 800-837-6212 or at http://www.cboe.com/Resources/Intro.asp. Privacy policy available upon request.
SOURCE Man Securities
CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212
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URL: http://www.mansecurities.com/mu.html
http://www.prnewswire.comCopyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: Illinois
INDUSTRY KEYWORD: FIN
PUB
SUBJECT CODE: IN
more news on:Capital Research Group Announces Investment Opinion: Stock Watch
WESTON, FL, Mar. 18, 2003 (INTERNET WIRE via COMTEX) -- Watch Warning Model Management LLC (OTC BB: FIXN). FIXN! Watch for the stock to move as investors learn more about this growing Company! Other stock market standouts include: Cycomm International Inc. (OTC BB: CYII): Market Underperform, down 25% on 34 million shares, PEC Solutions Inc. (NASDAQ: PECS): Market Underperform, down 38% on 7 million shares, InterDigital Communications Corporation (NASDAQ: IDCC): Market Underperform, up 42% on 6 million shares.
"The Nasdaq was not far behind the Dow in its ascent into the green, stopping at the highs of the session with a final gain of 51.31 points, to 1,391.64. The U.S. finally made it clear that its efforts to disarm Iraq through the United Nations are over, and that barring an unexpected miracle, war is all but a foregone conclusion," stated Peter Antipatis. More is available at: www.thesubway.com/sub_comm.asp.
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com or mentioned herein. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (crg has received three million fixn shares) CRG intends to sell its shares. CRG has sold approximately zero fixn shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Peter Antipatis, CRD number 2955420. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.CONTACT: Charles T. Tamburello
Capital Research Group Inc., Weston
954-217-9555
Copyright 2003 Internet Wire, All rights reserved.
-0-
SUBJECT CODE: Business/Finance:Small Business:Investment Opinion
Business/Finance: General:Investment Opinio
Motorola Introduces Next-Generation Cellular Base Station RF
NEW ORLEANS, Mar 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- CTIA WIRELESS 2003 -- Motorola, Inc. (NYSE: MOT) is introducing its sixth generation of RF (Radio Frequency) power transistor technology for GSM (Global System for Mobil communications), EDGE (Enhanced Data for GSM Evolution), CDMA (Code Division for Multiple Access) and W-CDMA (Wideband CDMA) base station amplifiers. Motorola offers equipment designers in the digital network arena a vital portfolio of high power RF LDMOS (laterally diffused metal oxide semiconductor) transistors to help develop low cost, highly efficient cellular base stations for voice, data and video transmissions.
(Photo: http://www.newscom.com/cgi-bin/prnh/20030317/CGM015 )
As the pioneer of LDMOS technology, Motorola offers unsurpassed quality, product consistency, and RF performance. These pioneering efforts continue with the company's sixth generation of high voltage (HV6) RF LDMOS technology. This advanced generation sets industry standards, delivering greater power density and efficiency. At 2.2 GHz, for example, the typical performance for a 90 Watt (P1dB) device is:
W-CDMA Output Power = 17 Watts
Large Signal Gain = 17 dB
Efficiency = 28.5%
IM3 = -37 dBc
In addition to the improved operating performances, thermal performance has also been improved to industry leading levels. For example, for a 125 Watt (P1dB) device, Thetajc is .40 degrees C/Watt. Visit Motorola's semiconductor product booth #1555 for a performance demonstration on this latest technology.
"With more than 50% of the market for cellular infrastructure LDMOS silicon RF power transistors at their command, Motorola is well poised to build on this with the creation of their new HV6 technology," said Tim Shelton, a senior wireless semiconductor analyst at Allied Business Intelligence. "Along with increased performance, this new LDMOS technology offers the increased instantaneous bandwidth necessary for wideband CDMA 3G (third-generation wireless) video delivery."
"Motorola is absolutely committed to helping our customers be successful in the wireless infrastructure market by delivering high-performing, cost-effective solutions," stated Lynelle McKay, vice president and general manager of Motorola's RF & DSP Infrastructure Division. "The introduction of the HV6 family of products is continued proof of that commitment by delivering industry leading device performance, comprehensive thermal management and quality."
Motorola continues to deliver critical success factors to help customers get to market faster with global support and a comprehensive tool set. Offering a complete library of modeling and simulation tools, Motorola further enables designers to fully characterize the RF product offerings on-line, significantly reducing design time. For a full listing of models, please go to www.motorola.com/rf/models
Availability
Samples are expected to be available in June 2003, and we anticipate production orders to be accepted in the third quarter of 2003. For further information, contact your local Motorola semiconductor sales office or authorized Motorola distributor.
About Motorola Semiconductor Products Sector
As the world's #1 producer of embedded processors, Motorola's Semiconductor Products Sector creates DigitalDNA(TM) system-on-chip solutions for a connected world. Our strong focus on wireless communications and networking enables customers to develop smarter, simpler, safer and synchronized products for the person, work team, home and automobile. Motorola's worldwide semiconductor sales were $4.8 billion (USD) in 2002. For more information please visit www.motorola.com/semiconductors
About Motorola, Inc.
Motorola, Inc. (NYSE: MOT) is a global leader in providing integrated communications and embedded electronic solutions. Sales in 2002 were $26.7 billion. Motorola is a global corporate citizen dedicated to ethical business practices and pioneering important technologies that make things smarter and life better for people, honored traditions that began when the company was founded 75 years ago this year. For more information, please visit: www.motorola.com
Reader Inquiry Response:
Motorola SPS
P.O. Box 17927
Denver, CO 80217 USA
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners.
SOURCE Motorola, Inc.
CONTACT: Editorial Contact, Nancy Castro of Motorola, +1-480-413-6528,
nancy.castro@motorola.com , or Media Contact, Molly Smith of Hill & Knowlton
+1-212-885-0488, molly.smith@hillandknowlton.com , or Europe, Middle East,
Africa, Regina Cirmonova of Motorola, +41-22-799-1258,
regina.cirmonova@motorola.com , or Asia-Pacific, Gloria Shiu of Motorola,
+852-2666-8237, gloria.shiu@motorola.com , or Latin America, Jill Partridge of
Motorola, +1-602-952-3078, jill.partridge@motorola.com
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030317/CGM015
http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840
URL: http://www.wireless2003.com
http://www.prnewswire.comCopyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: Louisiana
Illinois
INDUSTRY KEYWORD: TLS
CPR
NET
SEM
SUBJECT CODE: PDT
TD
Licensing Deals Lead to Rise of Shares for InterDigital Communications
Mar 18, 2003 (The Philadelphia Inquirer - Knight Ridder/Tribune Business News via COMTEX) -- Shares of InterDigital Communications Corp. rose 42 percent yesterday after the King of Prussia company said it had reached licensing agreements with major cell-phone manufacturers that could produce a windfall of $360 million to $430 million in royalties over the next 12 months.
The agreements are "huge for this little company," said InterDigital spokesman Guy Hicks. In 2002, the company had net income of $2.4 million on revenue of $87.9 million.
The agreements with Ericsson Inc. and Sony Ericsson Mobile Communications AB, a joint cell-phone-making venture between Sony Corp. and Ericsson, ended a decade of patent-infringement lawsuits by and against InterDigital, which develops technology that connects cell phones to cell-phone towers.
InterDigital said in a release that the agreements also "establish the financial terms necessary to define the royalty obligations of Nokia Corp. and Samsung Electronics Co. Ltd." under existing licenses with those cell-phone makers.
Hicks said the estimated $360 million to $430 million would come from retroactive fees from Ericsson and Sony dating back to the early 1990s through 2002, plus fees from Nokia and Samsung that were retroactive only from last year.
The agreements with all the manufacturers run through 2006, and they cover about 70 percent of all cell phones worldwide that run on second-generation GSM and TDMA technologies, the company said. The agreements do not cover phones that use so-called third-generation, or 3G, technology.
InterDigital was founded 30 years ago as International Mobile Machines. The company was renamed InterDigital in 1992. It employs 300 workers worldwide; about 130 are based in King of Prussia.
Its stock closed up $5.78 at $19.54 yesterday in trading on the Nasdaq exchange.
By Wendy Tanaka To see more of The Philadelphia Inquirer, or to subscribe to the newspaper, go to http://www.philly.com(c) 2003, The Philadelphia Inquirer. Distributed by Knight Ridder/Tribune
Business News.
-0
MOVER(+): ERICY Higher after Settlement, Mgmt Shuffle [delayed]
Ridgeland, MS, MAR 17, 2003 (EventX/Knobias.com via COMTEX) -- Shares of LM Ericsson Telephone Co (NasdaqNM: ERICY) are trading higher at this time in the session, up about $0.89 or 14% on volume that has passed its 20-day average of 3,818,510.
Ericsson and InterDigital Communications Corp. (Nasdaq: IDCC), along with its subsidiary InterDigital Technology Corp., today announced a settlement ending the companies' long-standing patent infringement litigation. Under the settlement agreement, the companies entered into a non-exclusive, worldwide, royalty-bearing license agreement covering all of ITC's patents for GSM, TDMA (D-AMPS), GPRS, EDGE and PDC. Additionally, all claims asserted in the patent infringement litigation are dismissed. In exchange, Ericsson will make an annual payment of a limited fixed amount through 2006 for sales of covered infrastructure equipment.
Ericsson also announced that Per-Arne Sandstrom was appointed First Executive Vice President and Deputy CEO and Karl-Henrik Sundstrom was appointed CFO and Executive Vice President. Per-Arne Sandstrom and Karl-Henrik Sundstrom will together with Ericsson's (NASDAQ:ERICY) new President and CEO Carl-Henric Svanberg form the new Executive Management Team for the Ericsson Group, effective April 8, 2003.
KNOBIAS TECHNICAL ANALYSIS:
- Consolidated support price: $5.20
- 5-day resistance price: $6.59
- 20-day resistance price: $7.75
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by 20 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a financial information provider serving retail investors and trading professionals. Knobias provides customers with COMPLETE DESKTOP SOLUTIONS, including Real-time desktop applications, Real-time news & alerts via RAiDAR and a complete fundamental database covering over 13,000 stocks.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
Copyright 2002 Knobias.com, LLC, All rights reserved.
-0-
SUBJECT CODE: MOVER(+
PREMARKET: IDCC Set To Open Higher Today [delayed]
Ridgeland, MS, MAR 17, 2003 (EventX/Knobias.com via COMTEX) -- Interdigital Communications Corp (NasdaqNM: IDCC) announced that its subsidiary, InterDigital Technology Corporation (ITC), has entered into worldwide, royalty-bearing license agreements with Telefonaktiebolaget LM Ericsson and Ericsson Inc. (Ericsson) and Sony Ericsson Mobile Communications AB (Sony Ericsson) for sales of terminal units and infrastructure products compliant with Second Generation (2G) GSM/TDMA and 2.5G GSM/GPRS/TDMA standards.
The stock is set to open higher in the market today. The current bid/ask is $16.51/$13.95.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by 20 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a financial information provider serving retail investors and trading professionals. Knobias provides customers with COMPLETE DESKTOP SOLUTIONS, including Real-time desktop applications, Real-time news & alerts via RAiDAR and a complete fundamental database covering over 13,000 stocks.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
Copyright 2002 Knobias.com, LLC, All rights reserved.
-0-
SUBJECT CODE: PREMARKE
Alley- Thanks.eom
InterDigital Communications (IDCC: news, chart, profile) rose 42 percent after the company inked royalty-bearing licensing agreements with Ericsson (ERICY: news, chart, profile) and Sony Ericsson for sales of terminal units and wireless infrastructure products. The deals resolve long-standing patent infringement litigation between the companies. InterDigital also said the agreements establish financial terms for the royalty obligations of Nokia (NOK: news, chart, profile) and Samsung under the 'most favored licensee' provision of their respective existing licensing deals
Technology Stocks Rally
As War Appears Likely
By Cindy Perman
Monday, March 17, 2003 05:15 PM ET Printer-friendly version
NEW YORK – Technology shares rallied through to the closing bell Monday as investors were relieved to have some clarity on the Iraq situation.
With a U.S. attack on Iraq appearing imminent, the broader market also rallied amid the highly anticipated “war rally,” but techs were the biggest beneficiary of investors' cheer. "The tech sector is what drove the economy over the last five to ten years and that's where you're going to see the biggest bang for your buck," said Brian Kelly, president at MKM Partners.
However, short-covering was cited for a lot of the gains, which occurs when securities are bought to replace those borrowed at the time of a short sale. Short-sellers profit from falling share prices, so when stocks go up, they must cover their positions.
The Nasdaq Composite Index climbed 51.94, or 3.9%, to close at 1392.27, its highest close in about two months. The index is up nearly 57 points, or 4.3%, for the year. Morgan Stanley's high-tech index rose 13.65 to 306.45, while the Nasdaq 100 Index of nonfinancial stocks gained 46.56 to 1077.01.
Volume on the Nasdaq Stock Market was 1.69 billion shares, its highest level since early December, and besting the daily average volume since January 2002 of 1.65 billion shares. Advancers outpaced decliners, 2,129 to 1,074, with one issue unchanged.
Among some big-name techs: Microsoft (MSFT, news) climbed $1.07 to $25.93, while Intel (INTC, news) rose 89 cents to $18.06, both on the Nasdaq Stock Market. International Business Machines (IBM, news) added $3.46 to $82.46 and AOL Time Warner (AOL, news) advanced 60 cents to $11.73, both on the New York Stock Exchange.
Hewlett-Packard (HPQ, news) gained 82 cents, or 5.3%, to $16.40 on the Big Board after the computer and printer maker introduced a server for small and medium-size businesses and said it is offering a number of wireless wide-area network products.
Tech stocks slipped after the opening bell, but shot higher at midmorning after the U.S. and Britain said they won't pursue a Security Council vote authorizing military action against Iraq. Shortly thereafter, President Bush made it clear the U.S. was abandoning diplomacy, issuing an ultimatum to Saddam Hussein to leave Iraq or face war. There are reports that the president will likely give Mr. Hussein 72 hours to step down. Meanwhile, the United Nations pulled all of its inspectors and staff from Iraq. (See full coverage of the situation with Iraq.)
On Tap:
Keep checking in as the CeBIT technology trade show in Hanover, Germany, continues. Plus:
Tuesday: Semiconductor book-to-bill ratio; chain-store sales; FOMC meeting; Oracle earnings
Wednesday: Jabil Circuit earnings
Thursday: Jobless claims; FOMC minutes; Palm, Micron, Solectron earnings
Friday: Consumer-price index
While war is an unsettling concept, traders said the market is rallying as the curtain of uncertainty is lifted regarding the U.S. plans for war. The tech sector's ascent continued through the close.
The chip sector was among the day's best performers, with the Philadelphia Stock Exchange semiconductor index up 17.14, or 5.6%, to 322.29. History suggests war is good for stocks, especially semiconductors, which rallied 49% during the 1991 Gulf War, according to Salomon Smith Barney.
However, graphics-chip maker Pixelworks (PXLW, news) tumbled $1.62, or 21%, to $6.03 on Nasdaq after the company signed a $600 million stock-swap merger agreement with fellow graphics-chip maker Genesis Microchip (GNSS, news) that will enable the companies to combine their efforts in the display and consumer electronics industries. Shares of Genesis climbed 45 cents to $13.62 on Nasdaq.
The rally was also kind to Yahoo (YHOO, news) and some other Internet-based firms, which hit 52-week highs. Yahoo rose $1.69, or 8.2%, to $22.38 on Nasdaq, after the Internet portal on Monday unveiled a video-subscription service that will offer exclusive entertainment and sports content for a monthly fee. That topped Yahoo's March 3 zenith of $21. Amazon.com (AMZN, news) gained $1.84, or 7.5%, to $26.55 on Nasdaq, besting its 52-week high of $25. EBay (EBAY, news) added $3.09 to $87 on Nasdaq, topping its 52-week high of $84.17.
American depositary receipts of Telefon AB L.M. Ericsson (ERICY, news) gained 90 cents, or 14%, to $7.32 on Nasdaq after the Swedish mobile-handset maker said that it and InterDigital Communications (IDCC, news), along with subsidiary InterDigital Technology, have reached a settlement ending the companies' long-standing patent infringement litigation. InterDigital Communications jumped $5.78, or 42%, to $19.54 on Nasdaq. The company also named a new executive management team under its incoming CEO.
Research In Motion (RIMM, news) gained 79 cents, or 6.1%, to $13.67 on Nasdaq after the maker of Blackberry hand-held devices made a series of licensing announcements Monday. Research In Motion shares had jumped a combined 17% on Thursday and Friday in anticipation of the announcements.
-- Shaheen Pasha of Dow Jones Newswires contributed to this article
Write to Cindy Perman at cindy.perman@wsj.com
Track your stocks, the market, and more by email!
Latest IDCC Headlines
• Boots & Coots, FLIR Systems, and more Hosted by CBS MarketWatch, 06:27 PM EST
• Small-Caps Stocks Gain
As War Seems Likely The Wall Street Journal Online, 05:52 PM EST
• War: Good for the Markets? Hosted by The Motley Fool, 03/17/03
• InterDigital, Ericsson Settle Suit Hosted by The Motley Fool, 03/17/03
• NEWS SNAP: Ericsson, InterDigital Settle, Avoiding Trial Dow Jones, 11:06 AM EST
More IDCC News
Stock Insight
Symbol Last Change
HPQ 16.40 +0.82
PXLW 6.03 -1.62
IDCC 19.54 +5.78
YHOO 22.38 +1.69
INTC 18.06 +0.89
IBM 82.46 +3.46
RIMM 13.67 +0.79
AOL 11.73 +0.60
MSFT 25.93 +1.07
ERICY 7.32 +0.90
AMZN 26.55 +1.84
GNSS 13.62 +0.45
EBAY 87.00 +3.09
Index
DJIA 8,141.90 +282.20
Nasdaq 1,392.27 +51.94
Monday, March 17, 2003 05:16 PM EST. Quote delayed: 15 minutes Nasdaq, 20 minutes others.
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goblue-I sure hope that you're right.eom
18.80 and climbing.eom
Full Spectrum Color, Full-Speed Data: New CDMA Nokia 3586i Delivers
NEW ORLEANS, Mar 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- Nokia (NYSE: NOK) today introduced the tri-mode CDMA2000 1X Nokia 3586i phone, the newest member of Nokia's CDMA handset lineup, loaded with an appealing blend of the newest features, exciting styling and a price point designed for mass-market appeal. A full-color screen, Java(TM) technology and high-speed data support allow the Nokia 3586i phone to satisfy the most tech-savvy customers while polyphonic MIDI ring tone support, graphical caller ID icons and optional Xpress-on(TM) electroluminsecent active covers indulge the desire for expression and individuality. Shipments of the GPS-enabled Nokia 3586i phone are expected to begin in the second quarter of 2003.
Nokia 3586i phone owners can use the CDMA2000 1X high-speed data support in conjunction with the built-in wireless Internet browser to quickly access rich, full color online content. They can also use the optional USB data cable with a PC, and easily utilize compatible desktop applications on the go. The USB data cable also can be used to synchronize the Nokia 3586i phone's integrated 500-entry phonebook and calendar with a desktop personal information manager.
"Nokia understands that delivering value means to offer a product that exceeds the expectations of the customer," says Soren Petersen, senior vice president and general manager of Nokia's CDMA business unit. "The Nokia 3586i phone is engineered to deliver the newest must-have features like a color screen, high-speed data access and Java(TM) technology support."
While the 96 x 65 pixel color screen is certain to draw attention, a number of customization features allow Nokia 3586i phone owners to make a distinct fashion statement. A new line of optional Xpress-on(TM) covers includes cutting-edge electroluminescent graphic panels that illuminate in sync with any of the included 30 ring tones or 10 custom downloadable ring tones. The Nokia 3586i phone can even respond to the power of an individual voice with voice dialing support for up to 25 numbers and voice memo recording.
About Nokia
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet, Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
Media only please contact: Industry Analysts only please contact:
Media Relations Virve Virtanen
Nokia Americas Nokia Americas
972-894-4573 972-894-6331
214-680-6182 (at CTIA) 214-680-4705 (at CTIA)
communication.corp@nokia.com virve.virtanen@nokia.com
Note: Some features may be network dependent. This device has not been authorized as required by the rules of the Federal Communications Commission. This device is not, and may not be, offered for sale or lease, or sold or leased, in the United States until authorization is obtained. Nokia intends to obtain FCC authorization prior to commercial launch of this device.
Java(TM) is a trademark of Sun Microsystems, Inc.
SOURCE Nokia
CONTACT: Media -- Media Relations of Nokia Americas, +1-972-894-4573,
+1-214-680-6182 (at CTIA) or communication.corp@nokia.com, or Analysts - Virve
Virtanen of Nokia Americas, +1-972-894-6331, +1-214-680-4705 (at CTIA) or
virve.virtanen@nokia.com
URL: http://www.nokia.com
http://www.prnewswire.comCopyright (C) 2003 PR Newswire. All rights reserved.
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Upscale Nokia 6585 Phone Brings Fashion Sense to CDMA2000 1X Market -
NEW ORLEANS, Mar 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- Introduced today, the new Nokia 6585 phone, one of the lightest CDMA2000 1X phones introduced in the Americas, marks the latest addition to Nokia's (NYSE: NOK) growing family of CDMA2000 1X handsets. Striking a perfect balance between elegant style and cutting-edge technology, the 3.1-ounce Nokia 6585 phone is designed to appeal to the fashion-conscious consumer looking to benefit from advanced wireless features including high-speed data support, custom downloadable applications, an integrated FM radio and a built-in speakerphone. Shipments of the Nokia 6585 phone are expected to begin during the fourth quarter of 2003.
For the latest in messaging, the Nokia 6585 phone includes Multimedia Messaging Service (MMS) support. With MMS, users can send and receive graphics, images and text in a virtual "postcard" between phones or to an e-mail address. The optional Camera Headset accessory even makes it possible for owners to use their Nokia 6585 phones to take pictures and send them to friends and family wirelessly or use the images as a custom wallpaper for their phone display.
A full suite of customization features allows Nokia 6585 phone users to personalize the look, sound and feature set of their handset. User-changeable Xpress-on(TM) covers in the newest fashion hues and a selection of on-screen color schemes let owners coordinate their phone to their daily wardrobe, while improved downloadable polyphonic MIDI ring tones with 16 individual sound channels clearly reflect their taste in music. Java(TM) technology provides for downloading of new applications that allow Nokia 6585 phone owners to create a set of features that fit their diverse lifestyles, whether that includes productivity applications to organize a busy schedule or action games that take advantage of the 128x128 pixel full-color display.
"Before the Nokia 6585 phone, CDMA customers wanting a small, stylish and fully-featured handset have had a very limited selection of colors and form factors from which to choose," says Soren Petersen, senior vice president and general manager of Nokia's CDMA business unit. "The Nokia 6585 phone doesn't just offer a new level of design; it also combines the latest technology with Nokia's easy-to-use interface to create a personal companion that makes using new mobile services a simple, fashionable and enjoyable experience."
Whether users access data services via the built-in mobile Internet browser or by connecting a PC over infrared or with the optional USB cable, the Nokia 6585 phone features Nokia's own CDMA2000 1X chipset for reliable access to high-speed wireless networks while integrated GPS support allows the Nokia 6585 phone to interface with carrier E911 networks.
Because mobile communications now means much more than voice, the Nokia 6585 phone includes support for a variety of text and visual messaging methods. Two-way text messaging keeps mobile users connected to each other while the newest Java(TM) standards make using a Java(TM)-based Instant Messaging application to let the Nokia 6585 phone integrate seamlessly with the desktop IM experience possible. Predictive text input speeds the typing of messages, and 10 pre-defined templates make it easy to reply with common phrases such as, "I'll be 15 minutes late" or "Thank you" in just a few keystrokes.
About Nokia
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet, Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
Media only please contact: Industry Analysts only please contact:
Media Relations Virve Virtanen
Nokia Americas Nokia Americas
972-894-4573 972-894-6331
214-680-6182 (at CTIA) 214-680-4705 (at CTIA)
communication.corp@nokia.com virve.virtanen@nokia.com
Note: Some features may be network dependent. This device has not been authorized as required by the rules of the Federal Communications Commission. This device is not, and may not be, offered for sale or lease, or sold or leased, in the United States until authorization is obtained. Nokia intends to obtain FCC authorization prior to commercial launch of this device.
Java(TM) is a trademark of Sun Microsystems, Inc.
SOURCE Nokia
CONTACT: Media Relations, +1-972-894-4573, or, at CTIA,
+1-214-680-6182, or communication.corp@nokia.com, or Industry Analysts - Virve
Virtanen of Nokia Americas, +1-972-894-6331, or, at CTIA, +1-214-680-4705, or
virve.virtanen@nokia.com
URL: http://www.nokia.com
http://www.prnewswire.comCopyright (C) 2003 PR Newswire. All rights reserved.
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Nokia Demonstrates its G-WCDMA Solution for U.S. Wideband Frequencies
NEW ORLEANS, Mar 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- Nokia (NYSE: NOK) is demonstrating its Global WCDMA (G-WCDMA) solution this week at CTIA Wireless 2003. Nokia G-WCDMA is a WCDMA solution that increases the footprint of WCDMA technology to truly global proportions. It enhances the benefits of WCDMA technology's inherent economies of scale by introducing High Speed Downlink Packet Access (HSDPA) technology.
HSDPA is a standardized feature in 3GPP Release 5 that will further increase WCDMA system capacity and user data rates cost efficiently. It offers breakthrough data speeds -- up to five times (10 Mbps) higher than is possible in the most advanced 3G networks today.
As the Nokia HSDPA solution is fully backwards compatible with current Nokia WCDMA networks, it is a cost-efficient way to upgrade an existing infrastructure investment. The Nokia HSDPA solution also doubles base station capacity at the air interface. It offers by far the highest performance at the lowest cost, enabling real mass-market mobile IP.
"The U.S. market clearly has shown its readiness to widely deploy GSM-based EDGE technologies," says Heikki Kasko, senior vice president, Nokia Networks. "The Nokia G-WCDMA solution we are demonstrating will be a natural complement to EDGE and will do the same for WCDMA that EDGE does for GSM. G-WCDMA provides the capability for virtually unlimited wireless services and applications."
About Nokia
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet, Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
Further information:
Communications Department, Nokia Networks
Tel. (Int.) + 358-(0)-7180-38198
E-mail: networks.communications@nokia.com
www.nokia.com
Corporate Communications, Americas
+ 1-972-894-4573 or
Riitta Mard (on site at CTIA)
Tel. (Int.) + 1-469-878-5008
SOURCE Nokia
CONTACT: Communications Department for Nokia Networks, +358-7180-38198,
or networks.communications@nokia.com; or Corporate Communications, Americas,
+1-972-894-4573, Riitta Mard at CTIA, Int. +1-469-878-5008
URL: http://www.nokia.com
http://www.prnewswire.comCopyright (C) 2003 PR Newswire. All rights reserved.
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INDUSTRY KEYWORD: CPR
TLS
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Conference Call to discuss the Ericsson license agreements to be held on March 17th at 12:00 noon, EST
we're on CNBC
Yo TC, Trading 15.50
trading @ 15 !!!
InterDigital Signs Royalty-Bearing Global 2G GSM/TDMA And 2.5G
KING OF PRUSSIA, Pa., Mar 17, 2003 (BUSINESS WIRE) -- Agreements Define Financial Terms for Nokia and Samsung Royalty Obligations on 2G GSM/TDMA and 2.5G GSM/GPRS/TDMA Products Under Existing Patent License Agreements
InterDigital Communications Corporation (Nasdaq: IDCC), a leading architect, designer and provider of wireless technology and product platforms, today announced that its subsidiary, InterDigital Technology Corporation (ITC), has entered into worldwide, royalty-bearing license agreements with Telefonaktiebolaget LM Ericsson and Ericsson Inc. (Ericsson) and Sony Ericsson Mobile Communications AB (Sony Ericsson) for sales of terminal units and infrastructure products compliant with Second Generation (2G) GSM/TDMA and 2.5G GSM/GPRS/TDMA standards.
The licensed products exclude any product compliant with Third Generation (3G) standards. These agreements resolve a long-standing patent infringement litigation with Ericsson scheduled for trial in May 2003. Ericsson also has granted an option to InterDigital for a Reference Design License and Support Agreement for Ericsson's GSM/GPRS/UMTS platform.
The license agreements with Ericsson and Sony Ericsson establish the financial terms necessary to define the royalty obligations of Nokia Corporation (Nokia) and Samsung Electronics Co. Ltd. (Samsung) on 2G GSM/TDMA and 2.5G GSM/GPRS/TDMA products under their existing patent licensing agreements with ITC. Under the most favored licensee (MFL) provision applicable to their respective patent licenses, both companies are obligated to pay royalties on sales of covered products from January 1, 2002 by reference to the terms of the Ericsson and Sony Ericsson licenses. The MFL terms include provisions for a period of review, negotiation, and dispute resolution with regard to the determination of royalty obligations of Nokia and Samsung. Based on the Company's application of the MFL provision, currently available third party estimates of Nokia's and Samsung's sales of covered products in 2002, and the Company's assumptions regarding such items as Nokia's and Samsung's sales mix, selling prices, and market share, the Company projects that Nokia's royalty obligation for 2002 could be in the range of $100 million to $120 million and Samsung's royalty obligation for 2002 could be in the range of $22 million to $27 million. Further, based on the application of the MFL provision and assumptions noted above, recent market forecasts, and the prepayment of royalties (net of related discounts) consistent with the terms of the Ericsson and Sony Ericsson agreements, the Company projects that 2003 royalty revenue from Nokia could be in the range of $80 million to $90 million, 2003 royalty revenue from Samsung could be in the range of $20 million to $24 million, and the aggregate prepayment of royalties from Nokia and Samsung for 2003 and 2004 could be in the range of $180 million to $220 million. Once these initial prepayments are exhausted, Nokia and Samsung can either make additional prepayments (net of related discounts) for twenty-four month periods, or pay royalties at the base rate on sales through 2006. The Company will not record revenue associated with the Nokia and Samsung license agreements until all elements required for revenue recognition are met.
"The licensing of Ericsson and Sony Ericsson is an important accomplishment within our strategic framework and a milestone event for our Company," said Howard Goldberg, President and Chief Executive Officer. "With respect to our intellectual property activities, these agreements increase our global leverage in patent licensing, affirm the market value of our technology and patented inventions, and set the financial terms that will accelerate the receipt of royalty payments from Nokia and Samsung. We also are taking a positive step forward with Ericsson consistent with our broader strategic objective of creating enterprise value by combining patent and technology licensing with a product-oriented business relationship."
ITC expects to receive aggregate payments of approximately $34 million from Ericsson and Sony Ericsson related to sales of terminal and infrastructure products through December 31, 2002. For periods thereafter through 2006, Sony Ericsson will be obligated to pay ITC a royalty on each licensed product sold. In addition, Sony Ericsson will make non-refundable advance royalty payments to ITC in 2003 covering Sony Ericsson's projected sales in 2003 and 2004. In exchange for such prepayments, Sony Ericsson will be given certain royalty rate discounts. Once this initial prepayment is exhausted, Sony Ericsson can either make additional prepayments (net of related discounts) for twenty-four month periods, or pay royalties at the base rate on sales through 2006. Under terms of its agreement, Ericsson will pay ITC an annual license fee of $6 million for sales of covered infrastructure equipment for each of the years 2003 through 2006.
Given the multi-faceted nature of the agreements with Ericsson and Sony Ericsson, the Company has not finalized the manner in which certain elements of the agreements will be recognized in the Company's financial statements.
William J. Merritt, President of ITC, stated, "We are very pleased to announce the completion of these agreements with Ericsson and Sony Ericsson. ITC has now licensed 25 manufacturers representing approximately 70% of the worldwide 2G GSM/TDMA and 2.5G GSM/GPRS/TDMA terminal market. These agreements will build upon the momentum of our ongoing 2G and 3G licensing efforts, strengthened by the market impact of establishing licensing rates for Nokia and Samsung, two key industry leaders."
The Company will host a conference call on Monday, March 17, at 12:00 noon Eastern Standard Time to discuss the Ericsson license agreements, the settlement, and their impact on the Company. To access the conference call within the U.S. and Canada, please dial 877/505-0448. International participants may access the call by dialing 706/679-3165. Please dial in to the call by 11:50 a.m. Eastern Standard Time on March 17 and ask the operator for the InterDigital Conference call.
InterDigital also will provide access to the call on its web site at: www.interdigital.com. The Company encourages participants to take advantage of the Internet option if possible. For the Internet broadcast, click on the microphone icon next to "Live Web Cast" on the Home Page and you will link to the web cast. In preparation for the web cast, InterDigital recommends that you complete the Pre-Event System Test.
In addition, a replay of the conference call will be available for 48 hours after the completion of the call. To access the recorded replay, dial 800/642-1687 and use the confirmation code 9233060. International participants may access the replay by dialing 706/645-9291 and using the confirmation code 9233060. A replay of the conference call also will be available on our website.
About InterDigital
InterDigital architects, designs and provides advanced wireless technologies and products that drive voice and data communications. The Company offers technology and product solutions for mainstream wireless applications that deliver cost and time-to-market advantages for its customers. InterDigital has a strong portfolio of patented technologies covering 2G, 2.5G and 3G standards, which it licenses worldwide. For more information, please visit InterDigital's web site: www.interdigital.com.
This press release contains forward-looking statements reflecting, among other things, the Company's beliefs, plans, and expectations as to: (i) receipt, timing, amount, and calculation of royalty payments and certain prepayments from Ericsson, Sony Ericsson, Nokia, and Samsung and the royalty obligations of those parties, as well as revenue recognition of such royalties; (ii) the effect of the Ericsson and Sony Ericsson licensing agreements on the royalty obligations of Nokia and Samsung under their licensing agreements; (iii) the effect of the Ericsson and Sony Ericsson licensing agreements and establishing licensing rates for Nokia and Samsung on both the Company's licensing efforts and the value of the Company's technology and patented inventions; (iv) the Company taking a positive step forward with Ericsson; and (v) creating enterprise value through combining patent and technology licensing with a product-oriented business relationship. Words such as "expect", "could", "project", "estimate", "will", "strategic objective", "assumption", "forecast" or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in any such forward-looking statements due to a variety of factors in addition to those specifically identified in such statements including, but not limited to: (i) any disputes, and the length and resolution of any disputes, as to the applicability of the terms of the Ericsson and Sony Ericsson licensing agreements to the royalty obligations of Nokia and Samsung under their licensing agreements; (ii) the review, negotiation and dispute resolution processes permitted under Nokia's and Samsung's license agreements and/or the results therefrom which could (a) cause delays in payment or cause changes in the anticipated amounts owed and/or paid by such parties, (b) impact anticipated leverage in patent licensing, and (c) impact our objective of combining licensing with a product-oriented business relationship; (iii) the financial inability or the unwillingness of any licensee to satisfy all of their royalty obligations on the terms we expect; (iv) a delay in the revenue recognition of royalties due to the financial inability or unwillingness of any licensee to satisfy its royalty obligations; (v) deterioration of the financial condition of any licensee, including any termination or rejection of any license resulting therefrom; (vi) legal and other proceedings that could adversely affect the validity of any license agreement and the royalty obligations or payments thereunder, or result in rejection or modification of any license agreement; (vii) failure of 2G and 2.5G sales to meet market forecasts whether due to global economic conditions, political instability, competitive technologies or otherwise; (viii) the impact of prepayment discounts or lack thereof and the accuracy of estimates by the licensees related thereto; (ix) the actual number and selling price of covered terminal units sold by our licensees; (x) any actual deviation from the assumptions made by the Company, including those related to product mix, sales prices, and market share of the licensees; (xi) a failure by any licensee to realize our or market projections for sales of covered products; (xii) the failure of the parties to agree to acceptable terms relating to the Company's use of Ericsson's GSM/GPRS/UMTS platform; (xiii) as well as other factors listed in the Company's most recently filed 10-K and 10-Q. InterDigital undertakes no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
InterDigital is a registered trademark of InterDigital Communications Corporation. All other trademarks are the property of their respective owners.
CONTACT: InterDigital Communications Corporation
Guy Hicks, 610/878-7800
guy.hicks@interdigital.com
or
Media Contact:
Dawn Goldstein, 610/878-7800
dawn.goldstein@interdigital.com
or
Investor Contact:
Janet Point, 610/878-7800
janet.point@interdigital.com
URL: http://www.businesswire.com
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with Hyperlinks to your home page.Copyright (C) 2003 Business Wire. All rights reserved.
-0-
KEYWORD: PENNSYLVANIA INTERNATIONAL EUROPE
INDUSTRY KEYWORD: TELECOMMUNICATIONS
NETWORKING
E-COMMERCE
INTERNET
MARKETING
AGREEMENTS
SOURCE:
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As of Mar 14 2003 12:00AM
IDCC: 13.76 -0.22
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3/17/2003 8:15:00 AM - InterDigital Signs Royalty-Bearing Global 2G GSM/TDMA And 2.5G GSM/GPRS/TDMA Patent License Agreements with Ericsson and Sony Ericsson
KING OF PRUSSIA, Pa., Mar 17, 2003 (BUSINESS WIRE) --
InterDigital and Ericsson Settle Long-Standing Patent Infringement Litigation
Agreements Define Financial Terms for Nokia and Samsung Royalty Obligations on 2G GSM/TDMA and 2.5G GSM/GPRS/TDMA Products Under Existing Patent License Agreements
InterDigital Communications Corporation (Nasdaq: IDCC), a leading architect, designer and provider of wireless technology and product platforms, today announced that its subsidiary, InterDigital Technology Corporation (ITC), has entered into worldwide, royalty-bearing license agreements with Telefonaktiebolaget LM Ericsson and Ericsson Inc. (Ericsson) and Sony Ericsson Mobile Communications AB (Sony Ericsson) for sales of terminal units and infrastructure products compliant with Second Generation (2G) GSM/TDMA and 2.5G GSM/GPRS/TDMA standards.
The licensed products exclude any product compliant with Third Generation (3G) standards. These agreements resolve a long-standing patent infringement litigation with Ericsson scheduled for trial in May 2003. Ericsson also has granted an option to InterDigital for a Reference Design License and Support Agreement for Ericsson's GSM/GPRS/UMTS platform.
The license agreements with Ericsson and Sony Ericsson establish the financial terms necessary to define the royalty obligations of Nokia Corporation (Nokia) and Samsung Electronics Co. Ltd. (Samsung) on 2G GSM/TDMA and 2.5G GSM/GPRS/TDMA products under their existing patent licensing agreements with ITC. Under the most favored licensee (MFL) provision applicable to their respective patent licenses, both companies are obligated to pay royalties on sales of covered products from January 1, 2002 by reference to the terms of the Ericsson and Sony Ericsson licenses. The MFL terms include provisions for a period of review, negotiation, and dispute resolution with regard to the determination of royalty obligations of Nokia and Samsung. Based on the Company's application of the MFL provision, currently available third party estimates of Nokia's and Samsung's sales of covered products in 2002, and the Company's assumptions regarding such items as Nokia's and Samsung's sales mix, selling prices, and market share, the Company projects that Nokia's royalty obligation for 2002 could be in the range of $100 million to $120 million and Samsung's royalty obligation for 2002 could be in the range of $22 million to $27 million. Further, based on the application of the MFL provision and assumptions noted above, recent market forecasts, and the prepayment of royalties (net of related discounts) consistent with the terms of the Ericsson and Sony Ericsson agreements, the Company projects that 2003 royalty revenue from Nokia could be in the range of $80 million to $90 million, 2003 royalty revenue from Samsung could be in the range of $20 million to $24 million, and the aggregate prepayment of royalties from Nokia and Samsung for 2003 and 2004 could be in the range of $180 million to $220 million. Once these initial prepayments are exhausted, Nokia and Samsung can either make additional prepayments (net of related discounts) for twenty-four month periods, or pay royalties at the base rate on sales through 2006. The Company will not record revenue associated with the Nokia and Samsung license agreements until all elements required for revenue recognition are met.
"The licensing of Ericsson and Sony Ericsson is an important accomplishment within our strategic framework and a milestone event for our Company," said Howard Goldberg, President and Chief Executive Officer. "With respect to our intellectual property activities, these agreements increase our global leverage in patent licensing, affirm the market value of our technology and patented inventions, and set the financial terms that will accelerate the receipt of royalty payments from Nokia and Samsung. We also are taking a positive step forward with Ericsson consistent with our broader strategic objective of creating enterprise value by combining patent and technology licensing with a product-oriented business relationship."
ITC expects to receive aggregate payments of approximately $34 million from Ericsson and Sony Ericsson related to sales of terminal and infrastructure products through December 31, 2002. For periods thereafter through 2006, Sony Ericsson will be obligated to pay ITC a royalty on each licensed product sold. In addition, Sony Ericsson will make non-refundable advance royalty payments to ITC in 2003 covering Sony Ericsson's projected sales in 2003 and 2004. In exchange for such prepayments, Sony Ericsson will be given certain royalty rate discounts. Once this initial prepayment is exhausted, Sony Ericsson can either make additional prepayments (net of related discounts) for twenty-four month periods, or pay royalties at the base rate on sales through 2006. Under terms of its agreement, Ericsson will pay ITC an annual license fee of $6 million for sales of covered infrastructure equipment for each of the years 2003 through 2006.
Given the multi-faceted nature of the agreements with Ericsson and Sony Ericsson, the Company has not finalized the manner in which certain elements of the agreements will be recognized in the Company's financial statements.
William J. Merritt, President of ITC, stated, "We are very pleased to announce the completion of these agreements with Ericsson and Sony Ericsson. ITC has now licensed 25 manufacturers representing approximately 70% of the worldwide 2G GSM/TDMA and 2.5G GSM/GPRS/TDMA terminal market. These agreements will build upon the momentum of our ongoing 2G and 3G licensing efforts, strengthened by the market impact of establishing licensing rates for Nokia and Samsung, two key industry leaders."
The Company will host a conference call on Monday, March 17, at 12:00 noon Eastern Standard Time to discuss the Ericsson license agreements, the settlement, and their impact on the Company. To access the conference call within the U.S. and Canada, please dial 877/505-0448. International participants may access the call by dialing 706/679-3165. Please dial in to the call by 11:50 a.m. Eastern Standard Time on March 17 and ask the operator for the InterDigital Conference call.
InterDigital also will provide access to the call on its web site at: www.interdigital.com. The Company encourages participants to take advantage of the Internet option if possible. For the Internet broadcast, click on the microphone icon next to "Live Web Cast" on the Home Page and you will link to the web cast. In preparation for the web cast, InterDigital recommends that you complete the Pre-Event System Test.
In addition, a replay of the conference call will be available for 48 hours after the completion of the call. To access the recorded replay, dial 800/642-1687 and use the confirmation code 9233060. International participants may access the replay by dialing 706/645-9291 and using the confirmation code 9233060. A replay of the conference call also will be available on our website.
About InterDigital
InterDigital architects, designs and provides advanced wireless technologies and products that drive voice and data communications. The Company offers technology and product solutions for mainstream wireless applications that deliver cost and time-to-market advantages for its customers. InterDigital has a strong portfolio of patented technologies covering 2G, 2.5G and 3G standards, which it licenses worldwide. For more information, please visit InterDigital's web site: www.interdigital.com.
This press release contains forward-looking statements reflecting, among other things, the Company's beliefs, plans, and expectations as to: (i) receipt, timing, amount, and calculation of royalty payments and certain prepayments from Ericsson, Sony Ericsson, Nokia, and Samsung and the royalty obligations of those parties, as well as revenue recognition of such royalties; (ii) the effect of the Ericsson and Sony Ericsson licensing agreements on the royalty obligations of Nokia and Samsung under their licensing agreements; (iii) the effect of the Ericsson and Sony Ericsson licensing agreements and establishing licensing rates for Nokia and Samsung on both the Company's licensing efforts and the value of the Company's technology and patented inventions; (iv) the Company taking a positive step forward with Ericsson; and (v) creating enterprise value through combining patent and technology licensing with a product-oriented business relationship. Words such as "expect", "could", "project", "estimate", "will", "strategic objective", "assumption", "forecast" or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in any such forward-looking statements due to a variety of factors in addition to those specifically identified in such statements including, but not limited to: (i) any disputes, and the length and resolution of any disputes, as to the applicability of the terms of the Ericsson and Sony Ericsson licensing agreements to the royalty obligations of Nokia and Samsung under their licensing agreements; (ii) the review, negotiation and dispute resolution processes permitted under Nokia's and Samsung's license agreements and/or the results therefrom which could (a) cause delays in payment or cause changes in the anticipated amounts owed and/or paid by such parties, (b) impact anticipated leverage in patent licensing, and (c) impact our objective of combining licensing with a product-oriented business relationship; (iii) the financial inability or the unwillingness of any licensee to satisfy all of their royalty obligations on the terms we expect; (iv) a delay in the revenue recognition of royalties due to the financial inability or unwillingness of any licensee to satisfy its royalty obligations; (v) deterioration of the financial condition of any licensee, including any termination or rejection of any license resulting therefrom; (vi) legal and other proceedings that could adversely affect the validity of any license agreement and the royalty obligations or payments thereunder, or result in rejection or modification of any license agreement; (vii) failure of 2G and 2.5G sales to meet market forecasts whether due to global economic conditions, political instability, competitive technologies or otherwise; (viii) the impact of prepayment discounts or lack thereof and the accuracy of estimates by the licensees related thereto; (ix) the actual number and selling price of covered terminal units sold by our licensees; (x) any actual deviation from the assumptions made by the Company, including those related to product mix, sales prices, and market share of the licensees; (xi) a failure by any licensee to realize our or market projections for sales of covered products; (xii) the failure of the parties to agree to acceptable terms relating to the Company's use of Ericsson's GSM/GPRS/UMTS platform; (xiii) as well as other factors listed in the Company's most recently filed 10-K and 10-Q. InterDigital undertakes no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
InterDigital is a registered trademark of InterDigital Communications Corporation. All other trademarks are the property of their respective owners.
CONTACT: InterDigital Communications Corporation
Guy Hicks, 610/878-7800
guy.hicks@interdigital.com
or
Media Contact:
Dawn Goldstein, 610/878-7800
dawn.goldstein@interdigital.com
or
Investor Contact:
Janet Point, 610/878-7800
janet.point@interdigital.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
< Back
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-8k out
Ericsson, InterDigital Communications Corporation reach settlement in
Mar 17, 2003 (Hugin via COMTEX) -- Ericsson and InterDigital Communications Corporation (InterDigital), along with its subsidiary InterDigital Technology Corporation (ITC), today announced a settlement ending the companies' long-standing patent infringement litigation.
Under the settlement agreement, the companies have entered into a non-exclusive, worldwide, royalty-bearing license agreement covering all of ITC's patents for GSM, TDMA (D-AMPS), GPRS, EDGE and PDC. Additionally, all claims asserted in the patent infringement litigation are dismissed. In exchange, Ericsson will make an annual payment of a limited fixed amount through 2006 for sales of covered infrastructure equipment. The royalty payments are part of a settlement of a dispute and will not significantly affect Ericsson's earnings. The agreements cover both past and future sales of the relevant products. At the same time, Sony Ericsson and ITC have entered into a similar license agreement concerning handsets, under which Sony Ericsson will pay royalties to ITC through 2006. For sales through December 2002, Ericsson and Sony Ericsson will pay ITC approximately USD 34 million. For the years 2003 through 2006, Ericsson will pay ITC an annual fee of USD 6 million for sales of infrastructure equipment. Sony Ericsson will, for the years 2003 through 2006, pay a royalty on each licensed product sold.
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at http://www.ericsson.com/press FOR FURTHER INFORMATION, PLEASE CONTACT Investors in the US Glenn Sapadin, Investor Relations Manager Ericsson Corporate Communications Phone: +1 212 685 4030 E-mail: investorrelations@ericsson.com Media in the US Kathy Egan, Vice President Communications Ericsson Corporate Communications Phone: +1 212 685 4030 E-mail: pressrelations@ericsson.com Investors in Europe Gary Pinkham, Vice President Investor Relations Ericsson Corporate Communications Phone: +46 8 719 0858 E-mail: investor.relations@lme.ericsson.se Media in Europe Mikael Westmark, Manager Issues Communication Ericsson Corporate Communications Phone: +46 8 719 62 02, +46 70 676 86 15 E-mail: press.relations@lme.ericsson.seCopyright (c) 2003, HUGIN AS. All rights reserved.
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SUBJECT CODE: Financ
Dow Jones Version
InterDigital Announces Revised 4Q Fincl Results
Friday, March 14, 2003 06:06 PM ET Printer-friendly version
KING OF PRUSSIA, Pa. (Dow Jones)--InterDigital Communications Corp. (IDCC, news) raised its fourth-quarter and year results based on higher-than-expected royalties received after it released preliminary figures.
In a press release Friday, the producer of wireless-communications chips said its fourth-quarter earnings are now $5.7 million, or 10 cents a share, on revenue of $27.1 million.
On Feb. 11, the company posted earnings of about $4 million, or 7 cents a share, on revenue of about $25.2 million for the fourth quarter.
InterDigital boosted its year results to $2.4 million, or 4 cents a share, on revenue of $87.9 million.
The company had posted earnings of about $656,000, or 1 cent share, on revenue of about $86 million for 2002.
In 2001, the company had a fourth-quarter loss of $9.7 million, or 18 cents a share, on revenue of about $8.4 million. The loss for the year was $19.4 million, or 36 cents a share, on revenue of about $52.6 million.
The company had posted earnings of about $656,000, or 1 cent share, on revenue of about $86 million for 2002.
A company representative wasn't immediately available to say when the company expects to file its form 10-K with the Securities and Exchange Commission.
Company Web site: http://www.interdigital.com
-Jacquie Jordan; Dow Jones Newswires; 201-938-5400
Dow Jones Newswires
03-14-03 1806ET
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Latest IDCC Headlines
• InterDigital Announces Revised Fourth Quarter and Full Year 2002 Financial Results; Revenue and Earnings Revised Upward Due to Updated Royalty Information Business Wire, 04:58 PM EST
• InterDigital Showcases Standards Compliant WCDMA Product Solutions at 3GSM World Congress Business Wire, February 17, 2003
• InterDigital Study Outlines 50% Cost Savings for Wireless Operators Deploying WTDD as Part of a Complete WCDMA Solution Business Wire, February 17, 2003
• InterDigital to Demonstrate Complete Standards Compliant WCDMA Mobile Terminal Solution and End-to-End Wideband TDD System At 3GSM World Congress Business Wire, February 12, 2003
• InterDigital gets lift from Q4 results Hosted by CBS MarketWatch, February 11, 2003
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Nokia Delivers China's First TETRA System with IP Backbone to Tianjin
HELSINKI, Finland, Mar 14, 2003 (BUSINESS WIRE) -- Nokia is delivering a complete 800MHz TETRA network using IP technology to Tianjin Public Security . The network is the first of its kind in China and expected to be operational during second half of 2003.
This new TETRA network will cover the urban area in Tianjin providing advanced applications such as IP packet data for the related authorities in order to further enhance security communications. It will be interconnected to another TETRA network, which was provided by Nokia to Tianjin Water Conservancy Bureau.
Nokia is the world's leading supplier of TETRA networks and terminals, offering the most modern scaleable digital radio communication solutions using IP technology for public safety organizations and other professional users. Special features include: top-class communication security, fast network-wide group calls, sophisticated emergency call functionality, prioritized calls, advanced messaging and data communication services, including IP packet data.
"The TETRA network we are supplying will not only provide highly efficient voice communications, but also the data communication required by the customer to further develop its data information system," says Topi Kinnunen, Director of Nokia Professional Mobile Radio APAC.
"Nokia is pleased to have worked closely with our Chinese partners to bring about this important entry into the Public Safety & Security market in China. This milestone also shows that TETRA technology has been spreading fast in China and has been readily adopted by Chinese customers and government departments," he adds.
Nokia will deliver TETRA switching equipment, a number of base stations, dispatcher stations, and Nokia TETRA handsets. In addition to network equipment, Nokia will provide its Network Deployment Package, which covers implementation, commissioning and project management; the Nokia technical support Package, which maintains the competitiveness of the network after roll-out; and a package of training services for developing staff competencies.
Nokia is committed to long-term development and preferred partnership in China. With innovative technology, Nokia has continuously strengthened its market position in China as a leading supplier of mobile and broadband network systems and mobile phones. In China, Nokia is the largest exporter in the telecommunications industry. Nokia has established more than twenty offices, eight joint ventures and two R&D centers, with nearly 5,000 employees in China.
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
CONTACT: Nokia Networks
Global Communications Department, + 358 0 7180 38193
networks.communications@nokia.com
www.nokia.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.Copyright (C) 2003 Business Wire. All rights reserved.
-0-
KEYWORD: FINLAND INTERNATIONAL EUROPE
INDUSTRY KEYWORD: TELECOMMUNICATIONS
NETWORKING
E-COMMERCE
INTERNET
PRODUCT
SOURCE:
Noki
Nokia Signs with Huawei on WCDMA Mutual Authorization
BEIJING, Mar 14, 2003 (SinoCast via COMTEX) -- Nokia signed agreement with Huawei on March 10, 2003, the two companies would share patents and copyrights of WCDMA with each other, including manufacturing and selling infrastructure equipment of WCDMA globally.
The agreement enables the two companies sharing patents and copyrights at lower cost.
Nokia is spreading WCDMA in China with the help of domestic partners by reducing patents charges of transformation. The agreement is a milestone for domestic vendors approaching to international WCDMA market. Now, most international mobile telecom carriers have chosen WCDMA as their 3G standard.
He Qingyaun, vice-president of Nokia China, says, "Nokia has been working on localized production of mobile communications equipment in China. We are very pleased to cooperate with Chinese partners such as Huawei. The agreement is just a beginning for Chinese companies adopting advanced technologies. We believe that that is a two-win agreement."
Xu Zhijun, vice-president of Huawei, says, "Huawei has been dedicating in research of communications products with independent intellectual property rights. The two-win cooperation is our determination to grow WCDMA."
From Source: sina.com page 1, Thursday, March 13, 2003
info@SinoCast.ComCopyright (C) 2003 SinoCast, All rights reserved
-0-
KEYWORD: BEIJING
INDUSTRY KEYWORD: Joint Venture
International Exchange
SUBJECT CODE: Computers, Telecom and Information Technolog
Siemens Aims at 3G in China
CHINA, Mar 14, 2003 (SinoCast via COMTEX) -- "Popularity and reputation of brand name are very important for success in the mobile communications market," says president of Siemens Mobile and Information Industry Group. Siemens has become the sponsor of League A of China Football Association.
Siemens is a member of 3G standards WCDMA Coalition and the only foreign company in the coalition. Siemens has signed authorization agreement of CDMA2000 with Qualcomm.
"We will fully support research of TD-SCDMA and WCDMA technology of China," says the president, "Because we have enough investments and researchers."
When it comes to TD-SCDMA, the president says, "As the biggest wireless communications market of the world, China must have its own 3G communications standard. And Siemens will fully support TD-SCDMA financially."
In September 2002, chairman of Siemens once expressed in Shanghai that the company had decided investing again EU$ 50 million in TD-SCDMA owned by Datang Mobile Communications.
Now, Datang and Siemens are testing the TD-SCDMA networks in Chengdu and Chongqing, Sichuan Province.
Siemens expresses that it will not enter CDMA manufacturing now, "We will concentrate all energy and resources on GSM-GPRS-WCDMA and TD-SCDMA products for the time being."
Excepting 3G, Siemens also hopes to make profits in the mobile phone market. Because China is the biggest mobile phone market of the world, with more than 200 million mobile phone users.
Siemens is transforming from terminal manufacturer to the upstream and downstream of the mobile phone production chain, after integration of relating resources and reformation of distributing channels.
Siemens has made partnership with leading mobile phone vendors Zoomflight and China Digital that can directly purchase mobile phones from Siemens. And Siemens traditional distributing channels will be a logistics platform. The industry execs say Siemens's reform will make it more competitive in the market.
From Beijing Entertainment Information Daily, Page 5, Thursday, March 13, 2003
info@SinoCast.ComCopyright (C) 2003 SinoCast, All rights reserved
-0-
KEYWORD: CHINA
INDUSTRY KEYWORD: Joint Venture
International Exchange
SUBJECT CODE: Computers, Telecom and Information Technolog
14 eom
Tektronix and Datang Mobile Enable TD-SCDMA Development With New
BEAVERTON, Ore., Mar 13, 2003 /PRNewswire-FirstCall via COMTEX/ -- Tektronix, Inc. (NYSE: TEK), a leading provider of test, measurement and monitoring solutions for mobile network operators and equipment manufacturers, today announced a new partnership agreement with Datang Mobile, the leading provider of mobile communication equipment in China, to provide test and measurement equipment for the development of Time Division -- Synchronous Code Division Multiple Access (TD-SCDMA) networks and elements.
TD-SCDMA is a third-generation (3G) technology that enables operators to increase both the number of users and the data throughput in next-generation mobile communications networks. It is the first Chinese standard accepted by the International Telecommunication Union (ITU) and Third-Generation Partnership Project (3GPP). Tektronix and Datang Mobile's agreement puts Tektronix' K1297-G20 protocol tester in TD-SCDMA development labs across China, enabling further demand and acceptance of the TD-SCDMA standard.
"Datang is committed to providing an open platform to its partners that is equipped with comprehensive technology, development, testing and manufacturing support, which is the key principle of the TD-SCDMA Industry Alliance. We've partnered with Tektronix because we appreciate the efforts taken by the company to address TD-SCDMA and the Chinese mobile communications market and highly expect, from a long-term perspective, the existing cooperation will be strengthened and sustained through further mutual support," said Dr. Xie Yongbin, Vice President, Datang Mobile. "Tektronix' proven record in China and Datang Mobile's leadership position in this marketplace will enable successful joint development and promotion of the TD-SCDMA standard and related products."
"Tektronix is committed to enabling technologies in China to support the country's economic development," said Bob Agnes, Vice President, Monitoring & Protocol Test, Tektronix. "By partnering with Datang Mobile, we are supporting their innovative developments that enable the TD-SCDMA initiative and strengthen the standard's presence in the world's fastest growing wireless market."
About Datang Mobile
Datang Mobile is the leading mobile communication equipment manufacturer in China and specializes in research, development, manufacturing and sales of telecommunication equipment. The TD-SCDMA technology proposed by Datang Mobile on behalf of China is adopted by the International Telecommunication and 3GPP. The company is committed to the research and development of 3G and post-3G wireless communications solutions and offers a comprehensive suite of TD-SCDMA products. Through continuous innovation and sustainable development, Datang Mobile aspires to become a leading supplier of TD-SCDMA technology and network solutions in China and around the world.
About Tektronix
Tektronix, Inc. is a test, measurement, and monitoring company providing measurement solutions to the communications, computer, and semiconductor industries worldwide. With more than 55 years of experience, Tektronix enables its customers to design, build, deploy, and manage next-generation global communications networks and advanced technologies. Headquartered in Beaverton, Oregon, Tektronix has operations in more than 20 countries worldwide. Tektronix' Web address is www.tektronix.com.
NOTE: Tektronix is a registered trademark of Tektronix, Inc. All other trade names referenced are the service marks, trademarks or registered trademarks of their respective companies.
SOURCE Tektronix, Inc.
CONTACT: Jennifer Cloer of Tektronix, Inc., +1-503-627-3393, or
jennifer.j.cloer@tektronix.com
URL: http://www.tektronix.com
http://www.prnewswire.comCopyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: Oregon
China
INDUSTRY KEYWORD: CPR
TLS
EPM
NET
SUBJECT CODE: CO
Samsung Developing I-Mode Phones
Mar 12, 2003 (Communications Today/PBI Media via COMTEX) -- NTT DoCoMo [NYSE: DCM] will work with Samsung Electronics to develop i- mode handsets for markets outside Japan, with the first products of the collaboration expected in stores in early 2004. The agreement marks the first joint effort between DoCoMo and Samsung, the No. 3 mobile phone vendor and a threat to Japanese vendors' market-share gains.
DoCoMo has had no shortage of handset vendors supplying devices for its 4-year-old i-mode service in Japan, which has attracted more than 37 million users. It has licensed its proprietary technology for use by carriers in Belgium, France, Germany, the Netherlands and Taiwan, but those operations have not achieved similar success with i-mode. Samsung has climbed to the No. 3 spot in mobile phone sales, behind Nokia [NYSE: NOK] and Motorola [NYSE: MOT], and its chances of climbing even higher will grow with this DoCoMo alliance. The South Korean firm's share of the handset market grew from 7.1 percent in 2001 to 9.8 percent in 2002, according to market research firm Gartner Group's Dataquest division.
[Copyright 2003 PBI Media, LLC. All rights reserved.]
Communications Today, Vol. 9, No. 45 [Copyright 2003 PBI Media, LLC. All rights reserved.]Copyright 2003 PBI Media, LLC. All rights reserved.
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QUALCOMM Announces Strong Market Demand for Advanced Multimedia MSM6100
SAN DIEGO, Mar 13, 2003 /PRNewswire-FirstCall via COMTEX/ -- QUALCOMM Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced strong customer demand for its latest full featured third-generation (3G) solution, the MSM6100(TM) Mobile Station Modem (MSM(TM)) chipset and system software. The highly integrated 3G CDMA2000 1X multimedia solution supports the Launchpad(TM) suite of applications, enabling the development of sophisticated devices that provide high-quality stereo audio, high-resolution in-phone cameras, video recorder/players, 3D graphics for gaming, high- accuracy location tracking, as well as many other features.
Currently, a total of eight handset manufacturers, including Curitel, Kyocera, LG Electronics, Motorola, Samsung Electronics, Sharp Corporation, Syntertek and Toshiba, covering 22 separate planned device designs, have already begun to take receipt of shipments of the MSM6100 chipset solution in order to support rollouts of these new devices to consumers this year.
"We are pleased to see the level of excitement customers are expressing about the MSM6100 feature support for 3G CDMA2000 1X devices," said Sanjay Jha, president of QUALCOMM CDMA Technologies. "The keen market interest in the industry's most fully featured single chip solution is a strong endorsement of our strategy to cost-effectively enable the design and development of sophisticated multimedia devices to support many new types of 3G services."
The MSM6100 chipset and system software incorporate the advanced feature set of QUALCOMM's Launchpad suite of technologies, enabling digital camera phones with support for JPEG compression and a dedicated camera module interface. It provides streaming MPEG-4 video 15-frames-per-second decoding and enables the creation of video clip e-mail messages using the integrated real-time MPEG-4 15-frames-per-second encoding. The Launchpad suite also offers MPEG-4 AAC audio decoding, a 2D/3D graphics accelerator for advanced gaming applications, Compact Media Extension (CMX(TM)) PC-quality MIDI synthesizer, Bluetooth(TM) capability to enable wireless connectivity between digital devices, MMC removable storage capability and a Java virtual machine with integrated Jazelle hardware acceleration.
In addition, the Launchpad suite of applications offers QUALCOMM's gpsOne(TM) position location technology. The gpsOne solution, featuring SnapTrack(R) technology, uses a hybrid approach that utilizes signals from both the GPS satellite constellation and from CDMA cell sites, providing better accuracy for callers, whether during emergency situations or while using GPS-enabled commercial applications.
Like all members of the MSM6xxx family, the complete MSM6100 solution incorporates QUALCOMM's radioOne(TM) Zero Intermediate Frequency (ZIF) architecture, which eliminates the need for Intermediate Frequency (IF) components, including large IF Surface Acoustic Wave (SAW) filters and additional IF circuitry. With radioOne technology, the MSM6100 solution requires less printed circuit board area than previous generation chipsets and reduces bill-of-material costs for dual-mode handsets.
The MSM6100 solution also supports QUALCOMM's Binary Runtime Environment for Wireless(TM) (BREW(TM)) Application Programming Interface (API) - BREWapi(TM). With the BREWapi routines, protocols and tools, handset manufacturers and developers can develop embedded wireless applications and BREW-based products more quickly and easily.
QUALCOMM Incorporated ( www.qualcomm.com ) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 30, 2002, and most recent Form 10-Q.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. MSM, MSM6100, Launchpad, CMX gpsOne, radioOne, BREWand BREWapi are trademarks of QUALCOMM Incorporated. Bluetooth and the Bluetooth logos are trademarks owned by Bluetooth SIG, Inc., U.S.A. All other trademarks are the property of their respective owners.
For further information please contact: Stacy Getz, CDMA Technologies Public Relations, +1-858-845-7674, or fax, +1-858-845-7435, stacyg@qualcomm.com, or Patty Goodwin, Corporate Public Relations, +1-858-651-4127, or fax, +1-858-651-5873, publicrelations@qualcomm.com, or Julie Cunningham, Investor Relations, +1-858-658-4224, or fax, +1-858-651-9303, jcunningham@qualcomm.com, all of QUALCOMM.
SOURCE QUALCOMM Incorporated
CONTACT: Stacy Getz, CDMA Technologies Public Relations,
+1-858-845-7674, or fax, +1-858-845-7435, stacyg@qualcomm.com, or Patty
Goodwin, Corporate Public Relations, +1-858-651-4127, or fax, +1-858-651-5873,
publicrelations@qualcomm.com, or Julie Cunningham, Investor Relations,
+1-858-658-4224, or fax, +1-858-651-9303, jcunningham@qualcomm.com, all of
QUALCOMM
URL: http://www.qualcomm.com
http://www.prnewswire.comCopyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: California
INDUSTRY KEYWORD: CPR
TLS
STW
HR
RAD: RAD enters wireless market with new 5.X GHz point-to-point
Mar 13, 2003 (M2 PRESSWIRE via COMTEX) -- RAD Data Communications has entered the wireless market with the launch of its new AirMux-104 TDM and Ethernet multiplexer at CeBIT 2003 in Hanover, Germany.
The AirMux-104 is a point-to-point multiplexer aggregating E1 and Ethernet traffic over a 2.6 Mbps full duplex link, extending data/voice transmission up to 16 kilometers (10 miles). The product can transmit Ethernet or E1 traffic, or a combination of fractional E1 and Ethernet traffic, using direct sequence spread spectrum (W-CDMA), which also enhances security.
Ideal For Campus Applications and Wireless Cellular Backhauling
"The unique capabilities of the AirMux in transporting both Ethernet/IP and TDM traffic over a wireless link make it an ideal solution for a variety of applications," states Ramon Horkany, Product Line Manager at RAD Data Communications. "These include connecting LANs and PBXs at dispersed campus locations and wireless backhauling of cellular base stations, in addition to deployment in a wireless local loop environment," he explains. The AirMux is fully synergetic with other existing RAD product solutions for private networks and campus applications, and can be used in tandem with them.
Unlicensed Frequency Allows For Fast, Affordable Deployment
The AirMux-104 operates at a frequency of 5.725 to 5.825 GHz, which, in many countries in Eastern Europe, the Mediterranean, the Far East and the Americas, is an unlicensed frequency. "This allows for fast, affordable deployment, since no frequency coordination and licensing fees are required," Horkany notes. In addition, this frequency enables a high quality of service because it generally is not affected by harsh weather conditions such as fog and heavy rains, nor does it suffer from frequency congestion like legacy 2.4 GHz bands. Powerful forward error correction (FEC) ensures high reliability and QoS. Another version, operating at 5.4 to 5.725 Ghz that will target Western European applications, will be rolled out at the beginning of Q3.
The device also employs Time Division Duplex (TDD) technology, allowing for bi-directional traffic flow on a single channel, eliminating the requirement to allocate pairs of channels for the uplink and the downlink, simplifying the installation procedure. Enhanced tools for providing a high quality of service are provided via monitoring tools for TDM and radio links.
About RAD
Established in 1981, privately owned RAD Data Communications (www.rad.com) has achieved international recognition as a major manufacturer of high quality access equipment for data communications and telecommunications applications. These solutions serve the data and voice access requirements of service providers, incumbent and new carriers, and enterprise networks, by reducing infrastructure investment costs while boosting competitiveness and profitability. The company's installed base exceeds 8,000,000 units and includes more than 150 carriers and operators around the world. These customers are supported by 17 RAD offices and more than 200 distributors in 105 countries.
RAD is a member of the RAD Group of companies, a world leader in networking and internetworking product solutions.
CONTACT: Reuven Eliaz, Media Relations Manager, RAD Data Communications Ltd Tel: +972 3 6458 134 Fax: +972 3 6498 250 e-mail: news@rad.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.(C)1994-2003 M2 COMMUNICATIONS LTD
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NEC: NEC to expand delivery of 3G radio base stations -- Delivery
Mar 13, 2003 (M2 PRESSWIRE via COMTEX) -- NEC Corporation is to further expand delivery of 3G radio base stations. NEC's Delivery Operation Centre (DOC) for third generation (3G) mobile W-CDMA radio base stations (Node-B) in Amsterdam, The Netherlands, established in October 2002, is operating successfully. The Amsterdam DOC was established as one of the sites of NEC Logistics Europe B.V.
The Amsterdam DOC was set up to satisfy the delivery requirements of European 3G operators in a fast and flexible manner. NEC ships major product parts and modules from NEC's manufacturing facilities in Japan (NEC Saitama Ltd. and NEC Wireless Networks Ltd.) and stores them, with components procured within Europe, in the DOC. Once NEC receives orders from operators, the Node-Bs are manufactured/assembled with customization for each operator, final investigations and validations are carried out, and the Node-Bs are delivered to the customers' sites. Previously NEC shipped completed Node-Bs from Japan but since the DOC commenced operation, NEC has decreased delivery lead-time (from order to customers' sites) by half - to around five days. In addition, NEC has dramatically decreased logistics costs and inventory.
About NEC Corporation
NEC Corporation (NASDAQ: NIPNY, FTSE: 6701q.l, TSE: 6701) is one of the world's leading providers of broadband and mobile Internet solutions dedicated to meeting the specialized needs of its diverse and global base of customers.
Ranked as a Global Fortune 500(R) company and one of the world's top patent- producing companies, the NEC group delivers tailored solutions in the core technologies and services required in a networked world, ranging from advanced semiconductor solutions, to large-scale mission critical systems, systems integration, and broadband and mobile technologies. The NEC group employs more than 140,000 people worldwide and had net sales of approximately $39 billion in the fiscal year ended March 2002.
NEC is a total solution provider for 3G and the mobile Internet. NEC has been involved in every first-stage rollout of 3G systems worldwide. NEC is also responsible for developing the first 3G handsets for use on the world's first 3G network. NEC has competence in the mobile Internet area with its mobile infrastructure system, mobile application platform and its impressive portfolio of contents. NEC's mobile handsets are known for their prominent technologies including large colour screens, built-in cameras and other functions that make the, ideal for use in mobile Internet.
CONTACT: Kathleen Carroll/Lisa Allen, Nelson Bostock Communications Tel: +44 (0)20 7792 7440 Fax: +44 (0)20 7727 2025 e-mail: lisa.allen@nelsonbostock.com WWW: http://www.nelsonbostock.com Katharine Murray, NEC UK Tel: +44 (0)20 8752 3341 e-mail: katharine.murray@uk.neceur.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.(C)1994-2003 M2 COMMUNICATIONS LTD
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(h) of the Investment Company Act of 1940
o Check this box if no longer
subject to Section 16.
Form 4 or Form 5
obligations may continue.
See Instruction 1(b)
1. Name and Address of Reporting
Person* (Last, First, Middle)
2. Issuer Name and Ticker or
Trading Symbol
3. I.R.S. Identification Number of Reporting
Person, if an entity (Voluntary)
Goldberg, Howard E.
InterDigital Communications
Corporation (IDCC)
781 Third Avenue
4. Statement for (Month/Day/Year) 5. If Amendment, Date of Original (Month/Day/Year)
March 10, 2003
(Street) 6. Relationship of Reporting
Person(s) to Issuer (Check All
Applicable)
7. Individual or Joint/Group Filing
(Check Applicable Line)
King of Prussia, PA 19406−1409
(City) (State) (Zip)
x Director o 10% Owner x Form filed by One Reporting Person
x Officer (give title below) o Form filed by More than One Reporting Person
o Other (specify below)
President and Chief Executive
Officer
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see instruction 4(b)(v).
Ed, Thank you sooo much.LOL
Telica Expands Plexus 9000 to Include Suite of Wireless Applications Adds
MARLBORO, Mass., Mar 12, 2003 (BUSINESS WIRE) -- Telica(TM), Inc., a leading provider of softswitch-based voice and data infrastructure products for today's evolving telecommunications network, announced that it has expanded the Plexus(TM) 9000 to include a suite of packet-based wireless solutions that include Gateway Mobile Switching Center (GMSC), Soft MSC Media Gateway and an All-IP Wireless Solution, while leveraging its existing TDM and packet-based Class 4 and Class 5 applications for use in wireless networks.
Traditionally, wireless networks have been rolled out in a flat topology with highly meshed connectivity between Mobile Switching Centers (MSCs). While this facilitated early growth, today's mobile usage is straining wireless networks. Increased subscriber minutes of use and roaming has led to exponential growth of inter-MSC trunks, requiring increased capital and operations expenditures. As this trend continues, adding radio coverage becomes increasingly complex as does migrating to new technologies such as 3G. Wireless carriers realize this existing mode of operation is unsustainable and need a practical solution that allows them to operate efficiently today while evolving to 3G networks.
Telica's Plexus 9000, a carrier-grade voice packet switch, has been deployed in over 35 carrier networks and carries over 4 billion minutes of use per month. Building on this foundation, the Plexus 9000 adds support for wireless applications that can be applied in wireless network architectures; 2G, 2.5G or 3G, including GSM, GPRS, EDGE, CDMA, TDMA, CDMA2000, and UMTS.
As a Gateway MSC, Telica's Plexus 9000 can be deployed to offer a new class of wireless network switching, operating in a similar fashion to a Class 4 switch in a wireline network. Supporting TDM, IP, or ATM-based trunking, the Plexus 9000 can support Tandem switching and long distance services, while offering a wireless carrier complete flexibility in networking technology deployment. Specific to wireless networks, the Plexus 9000 Gateway MSC, which supports IS-41 and GSM MAP services, accepts calls from the PSTN and routes directly to the intended mobile subscriber's Serving MSC, bypassing the Home MSC entirely. In a typical market area, this routing efficiency frees up tens of thousands of legacy MSC ports and reduces PSTN interconnect facilities and associated leased line costs through consolidation while significantly lowering operational costs. For carriers with a combined TDMA and GSM network, the Plexus 9000 Gateway MSC supports concurrent IS-41 and GSM operation, providing a smooth TDMA to GSM migration path.
For carriers looking to replace their legacy MSCs, the Plexus 9000 also operates as a wireless media gateway. By working in concert with third party Soft MSCs via industry-standard protocols, the Plexus 9000 can communicate directly to the Radio Access Network, supporting 2G, 2.5G and 3G services. Unique to the Plexus 9000, the ability to support TDM, Voice over ATM AAL2 and Voice over IP on the same platform makes it ideal for interfacing to the TDM-based A-interface of 2G and 2.5G, and the ATM-based UTRAN of 3G technologies, while supporting IP or ATM-based core network trunks for interworking with other elements of the packet-based Next Generation Network.
Today, the Plexus 9000 is currently supporting revenue traffic for SIP signaled IP access networks. SIP forms the basis of the 3rd Generation Partners' Project's (3GPP) "Release 5" architecture, where voice calls are converted to IP streams directly from the mobile terminal, transforming the wireless network to an "All-IP" network. The Plexus 9000's SIP capabilities and its advanced Class 5 features are ideally suited for this architecture.
"Adding wireless capabilities significantly broadens Telica's market opportunity. The company has done well capturing a wide range of service providers, including incumbent operators," said Kevin Mitchell, Directing Analyst, Service Provider Networks and Next Gen Voice of Infonetics Research. "Wireline carriers are not unique in their desire for cost savings and new service capabilities and Telica can help wireless providers achieve those goals."
For management, Telica offers PlexView(R), Telica's complete suite of management solutions, providing exceptional intelligent fault and performance monitoring, report generation, billing and flow-through provisioning solutions.
"In working closely with wireless carriers, we've executed on a wireless strategy that addresses their immediate and future business and technology needs", said John St. Amand, president and CEO of Telica. "The Plexus 9000 enables these carriers to realize substantial operational savings today while paving the way for tomorrow's 3G wireless networks."
About Telica, Inc.
Telica provides softswitch-based voice and data switching products for today's evolving telecommunications networks. The company's Plexus(TM) 9000 is a carrier-grade system that includes a media gateway, media gateway controller and signaling gateway to provide Class 4/5 switching for the PSTN as well as ATM and IP networks -- all in a distributed softswitch model or an integrated open solution. Breakthrough levels of performance, reliability and scalability assure the highest quality of service while easily accommodating subscriber growth. Telica, founded in 1998 and currently deployed with 35 customers, is headquartered in Marlboro, MA, with offices throughout the United States and Canada. For more information on Telica, visit www.telica.com.
Note: Telica and Plexus are trademarks and PlexView is a registered trademark of Telica, Inc.
CONTACT: Telica, Inc.
Sarah Phillips, 508/804-8135
sphillips@telica.com
URL: http://www.businesswire.com
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KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: TELECOMMUNICATIONS
NETWORKING
SOURCE:
Telica,
Inc
High stakes
Mar 12, 2003 (The Bulletin - ABIX via COMTEX) -- Hutchison-Whampoa will launch its wireless CDMA, or third generation (3G), network in Australia in April 2003. The company has spent $A3bn on development of the network. Hutchison has used a new business model in its latest venture by asking Ericsson to build and manage the network. Gartner Australia's telco analyst, Geoff Johnson, says that other telcos are closely observing Hutchison's manoeuvres. Hutchison signed a contract with Ericsson which will operate Hutchison 's 3G network, its existing Orange 2G network and its paging business for seven years.
Publication Date: 18 March 2003
HUTCHISON WHAMPOA LIMITED:
HUTCHISON TELECOMMUNICATIONS
(AUSTRALIA) LIMITED - ASX HTA:
TELEFON AB LM ERICSSON:
ERICSSON AUSTRALIA PTY LTD:
ERICSSON TELECOM AB
By Mark AbernethyAll copyright subsisting under the Copyright Act 1968 (Commonwealth) resides in us.
No part of the copyright materials may be reproduced, re-used, re-transmitted,
adapted, published, broadcast or distributed for any commercial purposes
whatsoever without our prior written permission.
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INDUSTRY KEYWORD: Communication Services
SUBJECT CODE: MOBILE TELEPHONES - AUSTRALIA
TELECOMMUNICATIONS - AUSTRALIA
FREQUENCY SPECTRA - AUSTRALIA
CODE DIVISION MULTIPLE ACCESS -
AUSTRALIA
WIRELESS COMMUNICATION SYSTEMS -
AUSTRALI
Viseon Announces Issuance of Fourth Video Communications Patent
DALLAS, Mar 11, 2003 (BUSINESS WIRE) -- Viseon, Inc. (OTCBB:VSNI), a global manufacturer of video communications solutions, today announced that it has been awarded U.S. Patent No. 6,519,662 regarding interactive video communications over wired and/or wireless broadband networks. The allowed claims include key features of both existing corporate video conferencing systems, wired broadband videophones and potentially the new 3G wireless videophones currently in use in Asia and launching in Europe in the coming quarters.
Manufacturers demonstrating 3G wireless videophones at the 3GSM Congress in Cannes last month included Sony/Ericsson, Motorola, Fujitsu, NEC and several others. Other manufacturers discussing 3G wireless videophone launches in 2003 at the 3GSM Congress were Alcatel, Nokia, Siemens and Philips.
"Although 3G videophones are at least a year away from deployment in the U.S., we are excited that this new U.S. patent will give us further leverage in our discussions with corporate video conferencing equipment manufacturers currently selling in the U.S.," said John Harris, president and CEO of Viseon. "With our recently announced agreement with McKool Smith (02/25/03), the allowance of a European patent and the granting of this fourth U.S. patent, we anticipate that licensing will become a significant portion of our future revenues and profits."
Viseon has already licensed certain patent rights to Polycom, the world's largest provider of corporate video conferencing systems.
About Viseon
Viseon was founded in 1994 to develop and market interactive visual communications solutions. Viseon's various video conferencing technologies have been sold around the globe under its own brands, as well as with the brand names of Philips N.V. and Canon. Today, Viseon's primary focus is on the development and marketing of consumer video communication devices over wired and wireless networks. Viseon's new broadband videophone family of products provides near TV-quality, interactive audio and video over the rapidly growing residential broadband access technologies including DSL and Cable Modems. Viseon owns U.S. patent numbers 5,802,281, 6,073,192, 6,397,275 and has been notified of the allowance of additional patents in Europe and has additional patents pending.
Forward-Looking Information
Information in this news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements involve risks and uncertainties including, without limitation, adverse business or market conditions, the ability to secure and satisfy customers, the availability and cost of materials from suppliers, adverse competitive developments, change in or cancellation of customer requirements, and other risks detailed from time to time as set forth in applicable SEC filings.
CONTACT: Viseon, Inc., Dallas
Marcie Brownlee, 214/424-5720
mbrownlee@viseonvideo.com
URL: http://www.businesswire.com
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KEYWORD: TEXAS
INDUSTRY KEYWORD: TELECOMMUNICATIONS
NETWORKING
HARDWARE
COMPUTERS/ELECTRONICS
MANUFACTURING
PRODUCT
SOURCE:
Viseon,
Inc
NEC: NEC announces its third i-mode handset for KPN Mobile Introducing
Mar 11, 2003 (M2 PRESSWIRE via COMTEX) -- NEC UK announced its latest i-mode handset, the n31i. The device is being supplied to KPN Mobile in the Netherlands, Germany (E-Plus) and Belgium (BASE).
The n31i marks a landmark in NEC`s European i-mode devices, offering a raft of new features and functionality - including an integrated camera with digital zoom, JAVA technology and MMS capabilities. The n31i also features support for advanced security functionality based on the international standards SSL and TLS. This opens the door to advanced mobile financial and transaction service provision.
With the n31i, i-mode users will be able to take photos with their handsets, attach personalised voice and text messages and send them on to family and friends. The 100k pixel camera supports three picture formats - full colour, black & white and sepia - satisfying the creative needs of even the most demanding mobile user.
The fold-design n31i boasts a strikingly stylish silver finish with two colour screens: the first, a large 65,536 colour display for browsing web pages, viewing multimedia messages or playing JAVA games; the second, an outer 4,096 display to give mobile users even greater scope for personalisation. It also features 40-chord polyphonic ring tones.
The device will store up to 500 contacts in memory, each of which include name, up to five telephone numbers and two e-mail addresses, plus personalised ring tone and pictures to identify incoming callers.
The n31i builds on NEC`s formidable global pedigree in i-mode. In Europe, NEC developed the first ever i-mode handset specifically for the European market, the n21i, which was supplied for the launch of KPN Mobile`s i-mode service in March 2002. NEC also provides i-mode devices to Bouygues Telecom in France, and is the largest i-mode handset manufacturer in Japan.
"The n31i is the third i-mode device we have developed specifically for the European market, and is testament to our commitment to extending our position as a leading global mobile player," comments Tony Hutson, Director, NEC UK.
"The n31i is an important milestone in the continued development of i-mode in Europe," adds Mark de Jong, Member of the Board of KPN Mobile. "It brings together advanced i-mode functionality with attractive features such as the camera, MMS and JAVA technology. We see the n31i as an important driver in the take-up of i-mode across our European territories."
The n31i will go on sale in the Netherlands, Germany and Belgium later this year.
i-mode and the i-mode logo are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries
About NEC Corporation (NASDAQ: NIPNY) (FTSE: 6701q.l) (TYSE: 6701)
NEC Corporation (NASDAQ: NIPNY) (FTSE: 6701q.1) is one of the world`s leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialised needs of its diverse and global base of customers. Ranked as one of the world`s top patent-producing companies, NEC delivers tailored solutions in the key fields of computer, networking and electron devices, through its three market-focused, in-house companies: NEC Solutions, NEC Networks and NEC Electron Devices. NEC Corporation employs more than 140,000 people worldwide and had net sales of approximately $39 billion in the fiscal year ending March 2002. For additional information, please visit: www.nec.com
About NEC (UK) Ltd
Founded in 1973, NEC UK is responsible for the marketing, sales, installation and service of a comprehensive range of NEC`s IT, communications and display technologies. With a proven track record in technical consultancy and multiple product streams, NEC UK can design, install and manage standalone and integrated solutions for corporate clients and their networks.
In mobile communications, NEC delivers the latest handsets (3G and 2.5G) and network infrastructure. For the business market, NEC supplies converged network solutions, physical and electronic security systems and advanced IT solutions, from server and storage hardware to e-business and supply chain management services. NEC also offers a complete range of display products and managed services based on its latest display screens and projectors for the corporate, professional AV and home cinema markets.
The turnover of NEC UK in the calendar year 2002 was GBP294 million. For further information, please visit: www.nec.co.uk
CONTACT: Kathleen Carroll/Lisa Allen, Nelson Bostock Communications Tel: +44 (0)20 7792 7440 Fax: +44 (0)20 7727 2025 e-mail: lisa.allen@nelsonbostock.com WWW: http://www.nelsonbostock.com Katharine Murray, NEC UK Tel: +44 (0)20 8752 3341 e-mail: katharine.murray@uk.neceur.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.(C)1994-2003 M2 COMMUNICATIONS LTD
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INTEL CORPORATION: UK to get Europe's largest Wi-Fi network Inspired
London, Mar 10, 2003 (M2 PRESSWIRE via COMTEX) -- Inspired Broadcast Networks, with support from Ericsson and Intel Corporation, today announced the creation of a nationwide wireless network that will enable high-speed Internet access in thousands of locations all over the UK. The new network will be the largest of its type in Europe. This announcement coincides with the upcoming launch of Intel(R) Centrino (TM) mobile technology for notebook PCs, which features built-in wireless communications capability.
Inspired Broadcast Networks has already begun building this network, to be called The Cloud. Inspired is leveraging its national network of broadband connected games terminals and its exclusive partnership with Leisure Link, which manages 90,000 machines in 30,000 locations across the UK. The Cloud will launch free trial services from 250 locations by the end April 2003.
Commercial service will be available from 1,000 locations by June 30 2003 and by the end of 2003 The Cloud will offer Wi-Fi services from 3,000 sites. By comparison, there are currently less than 200 public access Wi-Fi sites throughout the UK, and the largest network in Europe is approximately 500 sites.
The Cloud is open to any branded service provider to offer Wi-Fi services to their customers under their own brand. By removing the upfront capital costs and the logistical hurdles, The Cloud enables cellular carriers and systems integrators to immediately offer their customers nationwide broadband wireless data services at very little risk.
BT Openzone will be the first service provider on The Cloud and will be offering commercial services starting in July 2003. The addition of The Cloud to its existing sites and roaming agreements makes BT Openzone the commercial operator with access to the most hotspots in Europe. Visitors to The Cloud's locations will also be able to purchase access to the network from the Leisure Link Itbox entertainment terminals in each site, making it simple for casual Wi-Fi users to get online.
"As the first network operator to offer truly nationwide coverage, The Cloud is making Wi-Fi a reality throughout the UK. This network will finally make Wi-Fi access a viable alternative for roaming corporate customers" said George Polk, Managing Director, The Cloud. "By opening the network to any service provider who wishes to offer a branded service, we also make it possible for the cellular companies to complement their 3G strategies and for systems integrators and others to bundle mobility into their software solutions".
The Cloud will primarily be available in high traffic premium pub locations. Offering Wi-Fi services will allow the pubs to broaden the services they offer customers. John Appleton, from Six Continents Retail, which has over 2000 pubs throughout the UK explains, "Pubs are already the business lunch venue of choice in many parts of the country and The Cloud will allow us, as an early adopter, to offer services that may well attract additional customers and keep customers in our venues longer."
"We believe that Wi-Fi use is likely to be concentrated in the day, when the pubs offer an informal environment for people to meet," noted Russell Hoyle, CEO, Leisure Link. "As the pub fills up in the evening Wi-Fi can also be used to link people up to gaming and entertainment services."
"In preparation for the launch of Intel (R) Centrino(TM) mobile technology, Intel is working with Inspired Broadcast Networks to establish hotspots that will enable broadband wireless access throughout the UK," said Stacy Smith, Vice President and General Manager, Intel EMEA. "Through this exciting initiative, we are striving to change the way people access the Internet by making fast, wireless internet connectivity possible on high-streets, in major towns throughout the country."
Inspired, Intel, Ericsson, BT Openzone, Leisure Link and the leading pub groups are working together, through nationwide marketing, advertising and promotions, to drive awareness of Wi-Fi hotspots in participating pubs where notebook PC users can connect to the Internet and corporate networks wirelessly and at high-speed. In addition, The Cloud's Wi-Fi solution will also enable the use of other wireless devices such as PDAs, and tablet PCs.
Ericsson is the Wi-Fi power behind the Cloud and utilizes an open technology to capitalize on DSL investments. The combination of Wi-Fi and DSL provides massive coverage for minor investment and infrastructure changes.
"The opportunity that this network offers the world, matches Ericsson's corporate strategy within Mobile & Broadband Internet communications. We are proud to lead the way in this area and look forward to continued activities with Inspired, BT and Intel," says Ove Anebygd, Vice President Ericsson.
"The combination of Leisure Link's partnerships with Six Continents, Scottish and Newcastle, and many other retailers, combined with Intel and Ericsson's support, ensures that The Cloud will become the premier Wi-Fi network in the UK," said Norman Crowley, Co-CEO, Inspired Broadcast Networks. "We see this as a platform to provide additional revenues for our retail partners, as a way to expand into new venues, and a vehicle for deploying new entertainment services."
Notes to editors:
About The Cloud
For more visit http://www.inspiredtg.com/product_cloud_overview.html
About Inspired Broadcast Networks
Inspired Broadcast Networks (Inspired) was established in August 2002 to build and lead the market for pay to play entertainment and broadband services in public spaces. Inspired delivers entertainment content and broadband services, to consumers, on a pay to use basis, in public locations and on the move. Our users include consumers and business users, on their mobile phones, remotely connected, and on our terminals in Pubs, Clubs, Licensed Betting Offices, Bingo Halls, Motorway Stations, Universities and Casinos.
Inspired is the exclusive provider of networked and wireless services to Leisure Link. Leisure Link is the largest manager of coin operated entertainment and gaming machines in the UK with 90,000 machines in 30,000 public space venues.
Inspired Broadcast Network's goal is to give people collaborative entertainment and broadband experiences in public space that pull people off their sofas, away from their TV's and game consoles and give them a reason to get out of the house.
For more, visit www.inspiredtg.com
About Leisure Link
Leisure Link is the largest manager of pay to play machines in the UK.
Managing over 90,000 pay to play machines across 30,000 leisure retail venues, the Company operates fruit machines, club and casino gaming machines, video and skill games, pool tables, juke boxes, payphones, ATM's and a unique digital entertainment product, Itbox.
Backed by Henderson Private Capital, the private equity arm of Henderson Global Investors, Leisure Link provides services to its customers from 28 locations throughout the UK and employs over 2,300 people.
For more visit www.leisure-link.com
About Intel
Intel, the world's largest chipmaker, is also a leading manufacturer of computer, networking and communications products. Additional information is available at www.intel.com
About Ericsson
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
About BT Openzone
BT Openzone provides access to the internet and the ability to get secure and fast connection to corporate networks while working "on the pause" away from the office. Users with a laptop and a Wireless LAN access card and software can access data at speeds of up to 500 kbps (almost 10 times faster than a standard 56K modem), enabling them to send and receive large quantities of information at broadband speed. A full list of prices and live sites is available at www.bt.com/openzone.
About Wi-Fi
Wi-Fi Technology Wi-Fi networks use a radio technology called IEEE 802.11b , often also referred to as Wireless LAN or WLan, to provide secure, reliable, fast wireless connectivity. A Wi-Fi network can be used to connect computers to each other, to the Internet, and to wired networks. Wi-Fi networks operate in the unlicensed 2.4 and 5 GHz radio bands, with an 11 Mbps data rate so they can provide real-world performance similar to the basic wired Ethernet networks used in many offices.
Using Wi-Fi on The Cloud To make use of The Cloud, users must have a notebook PC computer or PDA equipped with a 802.11b wireless LAN card. The Cloud supports wireless LAN connections from all popular operating systems.
The user logs-on through a Internet web page using their Wi-Fi service provider subscription details, or with a pre-paid access voucher which can be purchased in The Cloud's venue. Users can connect to the Internet or to corporate intranets using their corporate virtual private network services if required.
CONTACT: George Polk, Managing Director, The Cloud e-mail: George.polk@inspiredbroadcast.net Norman Crowley, Co-CEO, Inspired Broadcast Networks Tel: +353 879 777 777 e-mail: norman.crowley@inspiredbroadcast.net Chris Simon, Marketing Director, Leisure Link e-mail: chris.simon@llg.co.uk Emma Walker, Catalysis Communications Tel: +44 (0)20 7665 4321 e-mail: emma.walker@catalysis.co.uk Natasha Chilcott, External Communications Manager, Corporate Communications, Ericsson Ltd Tel: +44 (0)1444 234 441 Fax: +44 (0)1444 234 563 e-mail: natasha.chilcott@etl.ericsson.se Jon Carter, Press Officer, BT Retail Tel: +44 (0)20 7356 4523
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.(C)1994-2003 M2 COMMUNICATIONS LTD
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