China's Alibaba Group is seeking to raise up to $24.3 billion in its upcoming IPO — an amount that would be the most raised by a company in a stock market debut. The e-commerce company and its early investors are hoping to sell up to 368 million shares for $60 to $66 apiece, according to a regulatory filing late Friday that sets the stage for Alibaba Group Ltd. to make its long-awaited debut on the New York Stock Exchange later this month.
The MICA comes in white and black snakeskin with pearls, tiger’s eye, and lapis. Besides the fashion, MICA sports a 1.6-inch sapphire touch-screen display that will receive SMS and notifications. It will come with a cellular connection meaning no smartphone needed.
Verizon today announced that Verizon Auto Share, the carrier’s secure car share program, will be available by the end of 2014. Pricing hasn’t been announced yet. The program will allow users to download a mobile application that can locate a vehicle and then scan a QR code to gain access and pay for rental. The carrier is planning on working with car rental companies, auto dealers and other companies.
Boingo Wireless today announced S.M.A.R.T. Networks, a new approach to providing public Wi-Fi access in airports and other large-scale venues. Boingo’s new S.M.A.R.T network design – which stands for Secure, Multiplatform, Analytics-Driven, Responsive and Tiered – is based on usage data that identified multiple classes of users with significantly different connection and usage profiles.
The company says the revamped site fits in with Microsoft's overall strategy of making mobile phones and Internet-based services priorities as its traditional businesses — Windows and Office software installed on desktops — slow down or decline. The changes also come as people increasingly read news on smartphones and tablets rather than desktop computers.
Stephen Baker, vice president of industry analysis at NPD, noted that while interest among U.S. consumers in larger screen smartphones is growing, sales growth has been relatively disappointing over the past two years due to Apple’s dominance of the market with smaller phones.
NETGEAR, Inc. today announced an “unlocked” 4G LTE mobile hotspot with simultaneous dual-band WiFi coverage. The NETGEAR AirCard 785 4G LTE mobile hotspot will become available throughout Europe in October at an MSRP of €149.99 (EUR) and £119.99 (GBP).
Sprint today reached LTE roaming agreements with another 15 rural carriers. Joining the Rural Roaming Preferred Provider program it announced earlier this year with CCA will be Bluegrass Cellular, Pioneer Cellular and 13 others including nine Rural Independent Network Alliance partners. With the new agreements, Sprint says it has agreements with 27 carriers covering 27 states and more than 38 million people.
Motorola today rolled out its anticipated batch of new products and revealed pricing and availability. The Moto 360, the company’s much-hyped round Android Wear watch, is priced at $250 and goes on sale today at 12 p.m. ET. The smartwatch will be available online at Motorola.com, Google Play and BestBuy.com as well as in Best Buy retail locations.
While Apple maintains that its iCloud has not been hacked, the company did admit in a statement on its website that "certain celebrity accounts were compromised by a very targeted attack on user names, passwords and security questions."
According to the FTC complaint, when Google introduced in-app charges to the Google Play in 2011, they were not password protected. As a result, children could buy virtual items just by clicking on popup boxes within an app while they used it.
Worldwide wireless revenue will continue to grow throughout 2014 but after it hits $1 trillion in 2015 further growth will be hard to come by, according to Strategy Analytics. The report sees 4G LTE contribution to global service revenues jump from 9 percent in 2013 to more than half by 2018.
AT&T today announced its LTE network now covers more than 300 million POPs. Hitting that milestone puts the carrier ahead of the timetable it announced in 2012 along with its Project Velocity IP (VIP) initiative. At that point, AT&T promised 300 million people covered with LTE by the end of 2014.
According to IDC's most recent numbers, Microsoft shipped 7.4 million Windows phones in the second quarter, accounting for 2.5 percent of the global smartphone market. That was down from 8.2 million in the same quarter last year, when Windows accounted for 3.4 percent of the global smartphone market.
The T-Mobile prepaid brand will be setting up shop in Chattanooga, TN; Chicago; Kansas City, MO; Minneapolis-St.Paul; Milwaukee, WI; Norfolk-Portsmouth-Newport News, VA; Richmond-Petersburg, VA; Salt Lake City; St. Louis, MO; and Yakima-Pasco-Richland-Kennewick, WA.