Qualcomm Says Price Cuts Coming to MediaFLO
According to MediaFLO's new CEO, Bill Stone, the company is prepared to drop the price of monthly access to its mobile TV services. Right now, both AT&T and Verizon Wireless offer MediaFLO content — which is run on a separate proprietary network by Qualcomm — for $25 per month. Stone acknowledged that the high price was hurting adoption. He said the new pricing will probably be "less than $10 per month." Stone also said that the lack of MediaFLO-capable handsets has hurt adoption, too. To combat that, the company plans to introduce a stand-alone device that can receive MediaFLO signals and re-transmit them to a cellphone or laptop via Wi-Fi. Qualcomm would then be free to sell its services directly to consumers, rather than through its wireless network operator partners.
Qualcomm Says It Will Keep Talking to Broadcom
Qualcomm today said it will move forward with acquisition talks with Broadcom even though it has officially rejected the company's offer of $79 per share. Qualcomm suggested the two firms perform negotiations for sale items other than price.
Qualcomm May Relax Phone Price-Based Licensing Model
Qualcomm is weighing a major change in strategy to ensure that its patent-licensing business continues to earn money. As it functions now, Qualcomm charges device makers a percentage of the total sale price to cover patented technology within.
BlackBerry Cuts Priv's Price By $50
BlackBerry has given the Priv a price cut. The smartphone maker dropped the price of the phone from $699 to $649.
Broadcom Lowers Offer for Qualcomm, Qualcomm Says No Way
Broadcom revised its offer to acquire Qualcomm downward by $3 per share after Qualcomm increased its own bid to buy NXP Semiconductors. Broadcom said, "Qualcomm's board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP's activist stockholders." Broadcom would have preferred to see Qualcomm act together with Broadcom to broker the right deal for NXP while still allowing Broadcom to move forward with its own offer to buy Qualcomm.