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Wednesday, September 28...

Samsung Pegs New European Launch Date for Note 7, Updates Recall Progress
Samsung has announced that the Galaxy Note 7 will officially go on sale in Europe on October 28, pending the full completion of its exchange program. The much-troubled device was originally scheduled to reach European consumers on September 2, but that date had to be pushed back due to the discovery of a flaw in the Note 7's battery which could cause the device to combust. Since then, Samsung has been focused on producing enough replacement smartphones to provide new units to all customers that had already received their Note 7 handset. This means all new production that would have gone towards stocking European shelves was instead diverted to replacing faulty units. Now that the company has made considerable progress in its replacement efforts, it has chosen to provide the aforementioned launch date. As for exactly how far along those efforts are, Samsung has noted that the relatively small number of devices which were sold in Europe as part of early delivery promotions have been 57 percent replaced, while the much larger replacement effort required in the US has now reached the point of 60 percent completion. Meanwhile, 60 percent of the faulty units in South Korea are back in Samsung's hands, while 80 percent of those sold in Singapore have been returned. Although the event will almost certainly have repercussions on Samsung's bottom line for years to come, the majority of Note 7 purchasers still have some faith in the company, as approximately 90 percent have chosen to replace their faulty Note 7 with a non-explosive version of the exact same device, rather than opting for one of the alternative models Samsung and many carriers were offering.

Comcast Buys Out Remainder of Comcast Spectacor
Comcast revealed that it has signed an agreement to acquire the remaining 26 percent of the Comcast Spectacor business from the estate of Ed Snider. The company originally acquired a majority stake in the organization in 1996. Since then it has greatly expanded the business, including a period of ownership of the Philadelphia 76ers basketball team, the opening and renaming of the Wells Fargo Center, and much more. Although the corporation has since sold its NBA team, it will now obtain full ownership of the Philadelphia Flyers hockey team, as well as full ownership of the aforementioned arena and the Spectra businesses. The transaction takes place after the death of Ed Snider, founder and longtime owner of the Philadelphia Flyers, in April 2016. The purchase agreement remains subject to approval by the National Hockey League, and is expected to be voted on at the league's impending Board of Governorsí meeting. No financial terms for the transaction were disclosed.

Motorola Solutions to Acquire Spillman Technologies
Motorola Solutions has entered into an agreement to acquire Spillman Technologies, a privately held provider of law enforcement and public safety software solutions for computer-aided dispatch (CAD) and records management systems (RMS). The company currently provides its public safety software to more than 1,700 clients in the US, while also offering a catalogue of jail management systems, fire management, mobile data, data sharing, field reporting, mapping, and geographic information systems. Motorola Solutions said the purchase is part of its ongoing plan to "expand its software portfolio and advance mission-critical intelligence with a fully integrated command center offering that connects public safety customers to real-time data and insights like never before." The new owner believes the acquired assets will help it to focus on small- and medium-sized public safety agencies, whereas its existing offerings appeal primarily to larger organizations. No financial terms for the agreement were disclosed. The transaction is expected to close during the fourth quarter of 2016, subject to regulatory approval.

... Michael Gariffo, Faulkner Information Services


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