Cradlepoint, which supplies its routers and gateways for all kinds of M2M and Internet of Things (IoT) applications – including Redbox kiosks for movie rentals – just announced its NetCloud platform strategy that combines its existing software and cloud services with the SDN technology it acquired with the recent purchase of Pertino.
Even executives at Qualcomm, which is trying to drive 5G as fast as it can, may need to adjust their expectations due to the speed at which the industry is moving to the next generation of wireless.
In my 26 years working in the mobile business, I haven't seen a situation like this. Softbank agreed to buy ARM Holdings this week for $31B. It's a high valuation for ARM, at more than 45x their expected earnings for next year. Personally, I think ARM is worth it, because they have a strong and lasting place in the technology market.
SoftBank President and CEO Masayoshi Son moved quickly to push his company's $32.1 billion deal to acquire ARM on Monday, urging analysts and investors at a London conference to "listen to the force." Noting that he is the company's largest shareholder, Son plugged the emergence of the IoT, saying investors should capitalize on a "paradigm shift" in technology as connectivity becomes ubiquitous.
Japan's SoftBank has agreed to acquire ARM Holdings in a $32.1 billion deal that would mark the biggest-ever purchase of a European technology company. What that might mean for Sprint, though, is far from clear.
The U.S. Securities and Exchange Commission is reportedly looking into allegations that Nikesh Arora may have had conflicts of interest or acted questionably before he stepped down as president of SoftBank, Sprint's parent company.
Shares of Sprint have rebounded after the carrier made a series of convoluted financial moves to improve its financial position and stave off bankruptcy, and the carrier is positioned to become a "deconstructed wireless operator," according to MoffettNathanson analysts, focusing exclusively on providing wireless services.
SoftBank President Nikesh Arora said he will step down just 13 months after CEO Masayoshi Son essentially designated him as Son's successor.
Sprint parent SoftBank confirmed it will sell at least $7.9 billion of its stake in Alibaba to bolster its finances as its U.S. carrier continues to struggle.
SoftBank founder Masayoshi Son credited Sprint's dramatic budget cuts as helping raise SoftBank's operating profit by 8.8 percent in its recently completed fiscal year. But doubts about the U.S. carrier's ability to weather a brutal financial storm linger.