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- Forecast: Mobile Apps Will Be $11 Billion Business
U.S. businesses will spend about $11.6 billion on mobile applications by the year 2012. That’s according to new research from CompassIntelligence.com.The report says the market is poised for double-digit annual growth over the next five years, thanks in part to a growing number of telecommuters and the growing availability of free and fee-base mobile applications available for download. Apple and ...
- Report: Cable to Fall Short on Ad Revenue Goals
A new report says the U.S. cable industry won’t achieve the level of annual ad revenue that it’s expecting over the next several years. That’s despite the rapid progress in interactive advertising over cable networks.The report, done by Pike & Fischer, projects ad revenue will not exceed $10 billion before 2015. Cable executives have said they want to reach $15 ...
- Proxim Sells Harmonix Unit to Renaissance
Proxim Wireless Corp. (PRXM) said Wednesday it has sold the assets of its Harmonix division for $5.3 million.Renaissance Electronics Corp. was the buyer. Harmonix makes GigaLink radios. The unit was part of the Terabeam Corp., which bought Proxim in 2005 after Proxim went bankrupt. Proxim said it still will buy GigaLink radios so customers aren’t affected.Proxim execs said the sale ...
- Intel Capital Funds Aicent’s WiMAX Initiative
Intel Corp.'s (INTC) investment arm is looking to the future. The chipmaker’s Intel Capital division has pumped $3 million worth of financing into Aicent Inc.. Aicent, which runs a multimedia messaging exchange for cellcos, made the announcement on Tuesday. Aicent’s network is unique in that it enables consumers to retrieve their messages when roaming.But that's not what's interesting. The eyebrow-raiser here is ...
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