First News Briefs for May 11, 2012
Nvidia saw its profits down more than half to $60.4 million during the first quarter for its 2013 fiscal year as sales dipped to $924.8 million. Despite the declines, the numbers beat analysts' expectations. Jen-Hsun Huang, president and CEO of the chipmaker, said in the earnings announcement that its Tegra products are "on a growth track again" as demand from smartphones and the upcoming Windows ARM launch bolstered sales.
InterDigital has reshuffled its management team. Scott McQuilkin, who has served as its CFO since 2007, now serves as senior executive vice president of strategy and finance, where he will be responsible for growing the company's licensing opportunities, patent sales, and partnerships. He will also lead its corporate development and finance teams. Chief Accounting Officer Richard Brezski will take McQuilkin's post as CFO.
Jumio has received an undisclosed amount of funding from financial services company Citi Ventures. Jumio has raised $35.4 million to date. Other investors include Andreessen Horowitz and Eduardo Saverin, co-founder of Facebook. The company developed online and mobile payments technology that uses webcams or a smartphone camera to read and authenticate credit cards.
OtterBox has come out with two new lines of cases for the iPhone and iPad. The Defender Series for the iPad and iPad 2 comes in yellow, blue, pink, white and teal. The Reflex Series for the iPhone 4 and iPhone 4S comes in translucent blue, pink and clear.
Agilent Technologies now offers testing for the quality of voice-over-LTE calls. Its new test set comes with standardized test methods, real-world base station emulation, RF test and functional test. It uses an audio analyzer and head and torso simulator from Bruel & Kjaer which supports commonly used international standards such as ITU-T P.862 PESQ, 3GPP2 and 3GPP audio test specifications.