KORE Acquires Wyless: Connectivity for IoT Takes Centre Stage

Beecham's Duke-Woolley provides comment on this week's announcement from KORE

KORE’s announcement today of its acquisition of Wyless has been a while in the making, but is hugely significant now it is here. The combined business will have considerably more direct M2M connections than most Mobile Network Operator (MNO) M2M business units worldwide and will be the largest independent M2M network provider worldwide, certainly in terms of revenue. Among other statistics, the combined company has more than 350 staff, a customer base of more than 3,000 B2B companies globally and over 6m direct M2M connections that are significantly revenue generating.

TelePacific Communications to Acquire DSCI, Creating a Services Powerhouse

Unified communications and managed IT leadership added to TelePacific Solutions portfolio

Los Angeles, CA

Cisco Announces Intent to Acquire Jasper Technologies, Inc.

Acquisition brings together a complete IoT service solution

San Jose, CA:

Cisco (NASDAQ: CSCO) announced today its intent to acquire Jasper Technologies, Inc., a privately held company based in Santa Clara that delivers a cloud-based IoT service platform to help enterprises and service providers launch, manage and monetize IoT services on a global scale. Under the terms of the agreement, Cisco will pay $1.4 billion in cash and assumed equity awards, plus additional retention based incentives.

Sony says bracing for smartphone slowdown after sensor sales dip

Company struggling to compete with rivals Apple and Samsung Electronics Co Ltd

Reuters

Tokyo (Reuters) -Sony Corp , widely regarded as a key supplier of image sensors for Apple Inc's iPhones, said on Friday it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell in the third quarter.

HSBC says internet banking services down after cyber attack

Internet & mobile services have partially recovered, work still in progress to restore full service

Reuters

London (Reuters)- HSBC is working with law enforcement to catch those behind a cyber attack that forced its personal banking websites in the UK to shutdown, its second major service outage this month, the bank said on Friday.

China smartphone glory days are over as Apple, Xiaomi face tough times

As China's economy grows at its slowest pace in decades, smartphone market becomes saturated

Reuters

HONG KONG/BEIJING (Reuters) - China's smartphone boom may be over, as even Apple Inc grapples with a slowing economy and investor darling Xiaomi Inc struggles to stand out amid intense competition in low-margin handsets.

On Tuesday, Apple reported the slowest-ever increase in iPhone shipments as the Chinese market weakened. That slowdown in the world's second-largest economy is threatening to hamstring consumption across the country.

Samsung Elec warns of difficult 2016 as smartphone troubles spread

Slowing economic growth in China and weaker emerging market currencies are undercutting sales

Reuters

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd warned on Thursday of possible weaker earnings this year due to softer sales of gadgets such as smartphones, a trend that is also hurting rival Apple Inc and major chipmakers.

The South Korean firm's warning came a day after Apple shares fell more than 6.5 percent, the biggest percentage drop in two years, as the iPhone maker forecast its first quarterly sales drop in 13 years.

PayPal's revenue beats Street view on higher transactions, customers

The company said it processed 450 payments per second on Cyber Monday

Reuters

(Reuters) - Payment processor PayPal Holdings Inc on Wednesday reported better-than-expected quarterly revenue, as new customer additions and payment processing volumes surged, and it announced a buyback of $2 billion of its stock.

PayPal said it expects 2016 full-year earnings of $1.09 to $1.14 per share, and revenue growth of 16-19 percent on a currency neutral basis. It expects currency fluctuations to impact net revenue by 3 percentage points during the year.

Microsoft beats Wall Street view on high demand for cloud products

Quarterly revenue and profits exceed analysts' expectations, however total revenue is down.

Reuters

(Reuters) : Microsoft Corp reported quarterly revenue and profit that beat analysts' expectations, driven by aggressive cost cutting and growing demand for its cloud products and services.

Qualcomm forecasts weak profit as demand slows for mobile chips

Weak outlook comes a day after Apple forecast its first quarterly revenue drop in 13 years

Reuters

(Reuters) - Qualcomm Inc forecast current-quarter profit below analysts' expectations as demand weakens for its chips used in mobile devices in a slowing market.

The company, whose customers include Apple Inc, said it expected its mobile chip shipments to fall by 16-25 percent in the second quarter from a year earlier.

Qualcomm also expects 3G and 4G device shipments to decline by 4-14 percent, hurting its licensing revenue.

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