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Advisory Firm Protests Sprint CEO’s $49M 2013 Pay Package

July 25, 2014 11:13 am | by Ben Munson | Comments

It’s worth noting that the $18.7 million Sprint CEO Dan Hesse was awarded in 2013 will not vest or be paid out until 2018 and that a portion of the $16.7 million has not been vested or paid out yet either. Because the $18.7 million is tied to equity, the amount paid out when it vests in 2018 will be dependent on the stock price at that time, meaning it could be subject to change.

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Amazon Shares Continue Slide as Fire Phone Launches

July 25, 2014 10:40 am | by Andrew Berg | Comments

In its second quarter earnings, Amazon reported a $126 million loss even as revenue jumped by 23 percent. Shares fell 10 percent on the report. Many believe that continued investment in big projects like the development of the Fire Phone and the a new grocery delivery serivce are weighing profits at the company. 

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FirstNews Briefs: IBM, Voxox, tw telecom, MapQuest

July 25, 2014 10:00 am | by Wireless Week Staff | Comments

IBM today announced that PLM, a Latin American health sciences publisher, launched a library of mobile apps to deliver medical information on conditions such as cancer and heart disease. PLM used the IBM MobileFirst application development portfolio to help convert its medical reference guides into 35 mobile apps.

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Amazon's Spending Habits Worry Investors, Stock Falls on 2Q Report

July 25, 2014 9:18 am | by Associated Press | Comments

Amazon posted a loss of $126 million, or 27 cents per share, compared with $7 million, or 2 cents per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

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Report: China Concludes Qualcomm Is A Monopoly

July 25, 2014 9:14 am | by Joe McDonald, AP Business Writer | Comments

China is the world's biggest manufacturer of mobile phones and other wireless devices. The communist government has complained about the high cost of licenses for foreign technology. It has tried to reduce dependence on foreign know-how by investing billions of dollars to develop its own phone, encryption and other technology.

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Study: Over Half of Americans Prefer Weather Alerts on Their Phones

July 24, 2014 11:11 am | by Ben Munson | Comments

A new online Harris Poll found that 59 percent of Americans said they were more likely to pay attention to alerts on the mobile devices than any other delivery method. Of the 2,100 adults surveyed, 67 percent said they would like to receive real-time SMS notifications.

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Visa Introduces New Cloud Payment Solutions Suite

July 24, 2014 10:57 am | by Ben Munson | Comments

Visa is replacing the traditional 16-digit account information found on standard magnetic strip cards with “tokens,” which the company said can be processed without sharing account information. Tokens can be stored on devices, within mobile applications and web-based applications. Because they’re based on existing ISO standards, tokens can be processed by the technology merchants and financial institutions already have in place.

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LoopPay Mobile Wallet Provider Secures Investment from Visa

July 24, 2014 10:37 am | by Andrew Berg | Comments

LoopPay invented something called Magnetic Secure Transmission (MST) technology which leverages existing point-of-sale infrastructure to receive contactless payments from mobile devices of all kinds with no hardware changes required by merchants. 

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Unloading of Handset Division Boosts Nokia's Forecast

July 24, 2014 10:22 am | by Andrew Berg | Comments

Nokia Networks said that its forecast has improved on operational efficiencies gained from the sale of its handset unit to Microsoft. The company expects underlying profitability for Networks to be at or slightly above its long term target range of 5 to 10 percent for the full-year 2014.

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FirstNews Briefs: Vuzix, Lenovo, Motorola, ZTE, TIM Brasil, PhysIQ

July 24, 2014 10:07 am | by Wireless Week Staff | Comments

Vuzix Corporation, a supplier of video eyewear and smart glasses products in the consumer, commercial and entertainment markets, today announced it has signed a major deal with Lenovo to launch the M100 Smart Glasses into China. The wearable product offering will be co-branded as a Vuzix/Lenovo solution and will be marketed across China as part of Lenovo's New Business Development brand.

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Facebook 2Q Mobile Ad Revenue Jumps 67 Percent

July 24, 2014 9:51 am | by Associated Press | Comments

Advertising revenue jumped 67 percent to $2.68 billion. Mobile ad revenue, a closely watched figure, was 1.66 billion, or 62 percent of Facebook's total advertising revenue for the quarter. In the first three months of the year, mobile ads accounted for 59 percent of Facebook's total ad revenue.

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LG Doubles 2Q profit on Strong Smartphone Sales

July 24, 2014 9:46 am | by Youkyung Lee, AP Technology Writer | Comments

LG executives said solid sales of handset devices will help its mobile division stay profitable during the fall and winter, even as Apple Inc. is expected to unveil a bigger iPhone and Samsung Electronics Co. is likely to release new models.

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AT&T Adds Over 1M Subscribers, Sees Record Low Churn

July 23, 2014 5:09 pm | by Ben Munson | Comments

AT&T added more than one million postpaid subscribers during its second quarter, calling it the strongest gain in five years. The subscriber growth came in due to more than 700,000 postpaid smartphone net adds and 366,000 postpaid tablet net adds. But AT&T’s tablet growth fell well short of the 1.15 million postpaid tablets Verizon added during the same quarter.

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Sprint Partners with Google for Enterprise Cloud Push

July 23, 2014 1:41 pm | by Ben Munson | Comments

Sprint has signed on to offer Google Apps for Business and serve as enterprise support for the cloud-based productivity suite. As a mobility reseller of Google Apps, Sprint will put its customer care, billing platform and device and network knowledge behind the offering. Besides selling varying deployment packages Sprint will offer add-ons like single sign-on.

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Digital Tattoo Will Unlock Your Moto X

July 23, 2014 10:39 am | by Ben Munson | Comments

Motorola used Vivalink’s eSkin technology embedded in a small circular adhesive that sticks on the skin for five days through showering, exercise and other activities. The clear sticker shows off a shiny swirl of flexible electronics that leverage the phone’s NFC to unlock without a password when the user taps their Moto X against the tattoo.

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