LG to announce Snapdragon-boasting Android phone, Korea-bound in 2010
[Via Slashgear]
qualcomm posts




Korea's Pantech has always played second fiddle (well, third fiddle, we suppose) to global giants Samsung and LG, but somehow, the little guy has managed to be cash flow positive for the past eight quarters of financial results since undertaking a corporate restructuring. To further strengthen its position, it's in the process of swapping some outstanding debt for equity -- and one of those creditors just happens to be Qualcomm, which has a booming Korean business and enjoys tight relationships with many of the local players. This sounds like it won't really have any material effect on Pantech's day-to-day operations, since Qualcomm says it wants to stay passive and won't move to install any management or board members; that being said, it could end up with as much as 15 percent of Pantech's common stock, which is a nice little chunk. We're guessing this means we won't be seeing many Pantechs with Broadcom basebands, eh?
Qualcomm is no stranger to legal action, but at the end of the day, you've gotta hit 'em in the pocketbook if you want to get a company to change its ways. South Korea's antitrust authorities have decided that the wireless chipmaker is guilty of some nefarious deeds, imposing a 260 billion won fine -- that's 26 with ten zeroes after it -- or about $209 million, which is a new record for the agency. The company has a rather large operation in South Korea dealing with giants Samsung and LG, and that seems to be where the problem starts -- South Korea claims that they're offering better contracts to companies who deal exclusively with Qualcomm and shun its competitors, which the government is taking issue with. For its part, Qualcomm denies any wrongdoing and is vowing to "vigorously" defend itself as it works its way through the country's court system. Whatever, we just want cheaper phones, you know?
While the free-market works pretty well when, uh, left alone to be free, sometimes it needs a push from a visible hand. Case in point, phone chargers, at the moment some 30 different types of chargers are used on handsets throughout Europe. Today, the European Commission received industry backing of its phone charger standard that relies on a micro-USB socket. The standard is now backed by all the majors (representing 90% of the European mobile market) including Nokia, Sony Ericsson, Motorola, Apple, LG, NEC, Qualcomm, Research in Motion, Samsung and Texas Instruments with compatible devices starting to appear in Europe next year. Or course, the micro-USB charger standard already has the blessings of CTIA, OMTP, and GSM Association which implies a broader adoption beyond Europe, someday. One charger for any mobile phone... where's the catch?







