iSuppli raised its iPad shipment forecasts for the next few years, expecting Apple to sell 2.5 million tablets each month by the end of 2010.60.3 million in 2012. – More Apple iPads will wind up in the hands of consumers than was previously expected, according to an Oct. 18 report from research firm iSuppli.
The news follows Apples fourth-quarter earnings announcement on Oct. 18. During the report, Apple executives said the company shipped 4.2 million iPad…
Apple iPad and other tablets will sell 19.4 million units in 2010, according to a new Gartner research note, pressuring the market for devices such as mini-notebooks. – Wordwide media tablet sales will reach 19.4 million units in
2010, according to a new research note from Gartner. Thats good news for
manufacturers such as Apple, whose bestselling iPad is driving much of that
growth. However, Gartner also suggests that tablet sales are having a negative
impact …
For the fifth time since early September, over a million people took to the streets of big French cities in protest to the announced pension system reforms. In addition, France is facing a complete traffic blockage due to the gasoline shortage, caused by the oil refineries being on strike for several days.
HP gets a $26 million contract to deliver IT support for the Centers for Medicare and Medicaid Services. – Hewlett-Packard Enterprise Services has received a $26 million order to continue its IT support for the Department of Health and Human Services’ CMS (Centers for Medicare and Medicaid Services) division.
Under the contract announced Oct. 13, HP will maintain an IDR (Integrated Data Repository) fo…
Overseas Union Enterprise fell 6.9% to $2.84 in Singapore trading after the hotel operator and developer said Golden Concord Asia is offering to sell 120.5 million shares in the company to investors at $2.80 each.
{jcomments on}
As Verizon Wireless begins a massive customer reimbursement campaign, its unclear how much public opinion of the carrier, which tends to top service surveys, will sway. – As Verizon Wireless begins reimbursing approximately 15 million customers
for erroneous, data-related charges, it remains unclear what the
repercussions if any will be for the carrier, beyond the $30
million to $90 million the reimbursements are estimated to total.
On Oct. 3, The New Yor…
Apple faces a $625.5 million judgment against Mirror Worlds over alleged patent infringement related to Spotlight, Time Machine and Cover Flow, unless it succeeds in an emergency motion. – Apple faces a $625.5 million judgment unless it can win a legal argument
against Mirror Worlds, which sued the company in 2008 for alleged patent
infringement. Mirror Worlds won its verdict against Apple Oct. 1.
According
to Bloomberg, Apple’s emergency motion accuses Mirror Worlds of quot;t…
Verizon Wireless overcharged approximately 15 million customers for data services they didnt use and will begin refunding them a move that could cost the carrier a reported $90 million. – Verizon Wireless improperly billed about 15 million customers on
their wireless service statements over the last several years and now
the nation’s largest wireless carrier is beginning to reimburse them.
While the individual refunds are in the range of $2 to $6, Verizon
said in an Oct. 3 state…
ARA Trust Management (Suntec), as manager of Suntec REIT, is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited, as trustee of Suntec REIT, has today successfully entered into a facility agreement for a $700 million term loan facility.
The loan facility comprises a $350 million 3-year loan and a $350 million 5-year loan, at a blended all-in interest margin of 1.5% from a panel of nine banks. The loan facility will be secured by Suntec City Mall. The facility agreement was signed with local banks DBS Bank, United Overseas Bank, and 7 foreign banks namely Bank of China Limited Singapore Branch, CIMB Bank Berhad Singapore Branch, Citibank N.A. Singapore Branch, Commonwealth Bank of Australia Singapore Branch, Natixis Singapore Branch, The Bank of Nova Scotia Asia Limited and Standard Chartered Bank.
The loan facility will be used to prepay the $575 million 3-year loan maturing in FY 2012, and to refinance part of the $400 million club loan maturing in FY 2011. With this, the weighted average term to expiry of Suntec REIT’s debt portfolio has been extended from 1.8 years to 3 years.
{jcomments on}
Nokias Ovi Store is seeing 2.3 million downloads daily, which is good news for the Symbian OS which both Sony Ericsson and Samsung are abandoning. – Ovi is more than catching on, its racking up some considerable
figures, Nokia announced Oct. 1. Part of the Ovi environment, the Ovi
Store now facilitates 2.3 million downloads per day, Nokia shared, and
more than 200,000 people are additionally signing up each day for Ovi
which ties the Store…
Microsoft’s Internet Explorer 9 beta was downloaded 2 million times during its first two days of release, according to Microsoft. IE 9 is meant to help maintain the company’s browser-market lead. – Microsoft’s Internet Explorer 9 beta was downloaded 2 million times during
its first two days of release, according to the company. That falls in line
with the company’s other recent beta releases, which have attracted
multimillion-user audiences. Those users’ data is then used to fine-tune the
…
Xpress Holdings, the provider of fast turnaround print solutions, says net profit for the financial year ended 31 July 2010 (FY2010) amounted to $8.5 million compared to $13 million a year ago, a decline of 35%.
Profit before tax rose 11.9% to $4.7 million from $4.2 million a year earlier despite challenging operating conditions in the global printing industry.
An ABI Research report projects WiMax users to hit 59 million by 2015, though several factors have hampered growth. – According to projections from IT market analysis firm ABI
Research, the number of subscribers to mobile WiMax services will approach 59
million in 2015. The firm said that represents a positive forecast in light of
recent economic conditions, although research analyst Xavier Ortiz noted WiMax’s
…
An In-Stat study projects tablets such as Apple’s iPad and Samsung’s Galaxy Tab would record the highest compound annual growth rate through 2014. – Despite turbulent economic conditions, mobile computing continues to
see surging demand resulting from more advanced designs, new form
factors and pent-up business demand, according to research by IT
market analysis firm In-Stat. The report projected mobile computing
devices, including tablets, …
Cisco and Weston Group were the latest IT vendors to settle a federal lawsuit claiming they overcharged government agencies. The two will pay $48 million. – Cisco Systems and one of its distributors, Weston Group North America, will
pay $48 million to settle a lawsuit brought by the federal authorities claiming
the two companies overcharged on government contracts.
The case against Cisco and Weston was the latest in a series of
complaints filed agai…
Apple could sell 28 million iPads in 2011, perhaps delaying customer purchases of traditional notebooks, according to a new UBS Investment Research note. – Apple could sell 28 million iPads in 2011, perhaps affecting sales of lower end
PCs, according to a new research note from UBS
Investment Research.
quot;Sales of traditional notebooks appear to be feeling pressure from the
iPad, causing a scramble by vendors to launch iPad-like tablets, quot; U…
Pacific Healthcare Holdings says it has entered into a share subscription agreement with Affluent Healthcare Holdings, an investment holding company, with interests in several commercial businesses, including the healthcare sector.
Under the deal, Affluent Healthcare will subscribe to 61,951,563 new Pacific Healthcare shares, representing 14.9% of the share capital of the company on an enlarged basis, at at an issue price of $0.11 each.
Pacific Healthcare says the net proceeds of $6.65 million will be used to fund the future expansion of the company. The subscription will also strengthen the equity base of the company and also reduce its gearing.
DMG & Partners Securities acted as the financial advisor in the subscription deal.
{jcomments on}
