Outspoken Investor Buys Stake in HTC
Jimmy Lai, a wealthy businessman in Hong Kong, has acquired a 2% stake in HTC. Though Lai's new ownership position in HTC is small, the Wall Street Journal reports that Lai is outspoken. "It's no secret that Mr. Lai is active in the Taiwan market and no secret he has opinions," said Mark Simon, Lai's spokesperson. Lai is a media mogul who founded Next Media Ltd., which publishes newspapers in Hong Kong and Taiwan. The Journal suggests that Lai's interest in HTC could lead other investors in the ailing company to seek changes in the how it is managed. HTC CEO Peter Chou has come under fire in recent months due to the company's poor performance. It recently reported its first-ever quarterly loss as a public company. Lai believes HTC still has potential. "HTC is undervalued and there is an opportunity for growth," said Simon.
T-Mobile Hopes to Woo Sprint With a New Tune
Nov 3, 2017
T-Mobile has approached Sprint with a new proposal, reports the Wall Street Journal, in an attempt to keep the potential merger of the two companies alive. Talks failed earlier this week when Masayoshi Son, CEO of Sprint parent SoftBank, appeared to walk away from the deal over a disagreement concerning which company would own the other.
Foxconn Makes a Play for Sharp
Jan 21, 2016
Foxconn has offered to buy Sharp for $5.3 billion, reports the Wall Street Journal. Foxconn's offer arrives just as Sharp is weighing a buyout offer from Innovation Network Corporation of Japan.
Amazon Scales Back Fire Phone Hardware Team
Aug 27, 2015
Amazon has reduced the headcount at its Labs126 hardware division, according to the Wall Street Journal. The hardware division is responsible for products such as the Fire Phone and Kindle line of tablets.
Qualcomm Settles with Taiwan Over Patent Licensing Practices
Aug 10, 2018
Qualcomm has reached an agreement with Taiwan to close an investigation concerning its patent licensing practices. Qualcomm will pay a fine of $93 million, and has promised to invest some $700 million in Taiwan over the next five years.
Sprint to Skip 600MHz Incentive Auction
Sep 26, 2015
Sprint today said it will not participate in the 600MHz reverse auction planned for next year. The company believes its spectrum position is "sufficient to provide its current and future customers great network coverage." Sprint owns significant amounts of spectrum, but much of it is concentrated in the 2.5GHz range.