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Telecom Daily

Welcome to Faulkner's Telecom Daily. We publish Monday through Friday, updating top stories as events warrant. If you would like to receive Telecom Daily emailed daily to your desktop, please click here: TelDailyEmail.

Friday, October 31...

Motorola Mobility Officially Becomes Part of Lenovo
Motorola Mobillity is now officially a Lenovo company. Just shortly after releasing its Nexus 6 handset for its former owners, Google, the company finalized its acquisition by the Chinese PC maker. The transaction, which was announced back in February, saw the Asian electronics firm paying $2.91 billion for the mobile device maker. Following the transaction's closure, Motorola will operate as a wholly owned subsidiary of Lenovo, and will remain headquartered at its current location in Chicago’s Merchandise Mart. The company also noted that its brand image will remain unchanged, and that the Moto and DROID product lines will be maintained, going forward.

Samsung Pegs November 6 for Gear S Debut on US Carriers
Samsung announced that its stand-alone wearable, the Samsung Gear S, will be available to customers in the US on November 7. The showpiece of the new wrist-worn device is its built-in cellular radio. This component means that, unlike most wearable devices, no companion smartphone or tablet is required to provide full functionality. Additionally, the watch is able to make and receive phone calls on its own, as well as providing the ability to send and receive text messages. Additional features include a 2-inch Super AMOLED display running at 480x360, 512MB of RAM, 4GB of on-board storage, Bluetooth, GPS, and Wi-Fi. The unit runs on Samsung's proprietary Tizen mobile operating system, giving it access to numerous fitness-centric apps, as well as other software. The inclusion of a built-in 3G radio means that the Gear S requires an accompanying wireless plan. To this end, the watch will be offered by Sprint, T-Mobile US, and AT&T. Pricing begins at $200 on a new, two-year agreement at AT&T, and goes up to $384 and $350 on Sprint and T-mobile, respectively, as part of their installment-based purchase options.

LG Posts Strong Profits Gains on Ballooning Mobile Device Sales
LG posted its financial results for the third quarter of the 2014 fiscal year. The company's revenue during the period was KRW 14.9 trillion, up from the KRW 13.9 trillion reported a year ago. This let to net income of KRW 202 billion, nearly double the KRW 1.08 billion it posted for the year-ago quarter. The success for the period was driven largely by a 39 percent year-over-year increase in the company's mobile device sales, with 16.8 million smartphones having been shipped during Q3. The company predicts this growth will continue during the fourth quarter, due to seasonal influences.

... Michael Gariffo, Faulkner Information Services


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