Nokia and Alcatel-Lucent announce their intention to combine to create an innovation leader in next generation technology and services for an IP connected world. The two companies have entered into a memorandum of understanding under which Nokia will make an offer for all of the equity securities issued by Alcatel-Lucent, through a public exchange offer in France and in the United States, on the basis of 0.55 of a new Nokia share for every Alcatel-Lucent share.
POET Technologies Inc., developer of the planar opto-electronic technology platform for monolithic fabrication of integrated circuit devices containing both electronic and optical elements on a single semiconductor wafer – is extremely pleased to announce that that the board of directors has appointed two new directors.
NYU WIRELESS announced that CableLabs, the nonprofit research consortium for the cable industry, has joined the university research center as it drives development of the next super-fast generation of mobile technology, 5G. CableLabs becomes the 12th industry affiliate sponsor of the research center, joining Intel, Samsung, Qualcomm, and others, as the industry starts to look beyond 4G and LTE-A, in pursuit of faster connections and greater access.
Smart Electronics and Lark Engineering, both part of Secure Technology Co., are pleased to announce they are working together to be a full service components solution provider for the industrial, aerospace, and military market segments.
Anritsu Co. announced it will feature a sophisticated, cloud-based connected car system for fleet tracking developed by the University of Hertfordshire in the UK using Anritsu network simulation technology in its stand (Hall 6/6F40) at Mobile World Congress 2015 (MWC), to be held March 2-5 in Barcelona.
Harris Corp. and Exelis, Inc. announced a definitive agreement under which Harris will acquire Exelis in a cash and stock transaction valued at $23.75 per share, or an approximately $4.75 billion enterprise value. The agreement has been unanimously approved by the boards of directors of both companies. The transaction is expected to close in June 2015 and is subject to customary closing conditions, including regulatory and Exelis shareholder approval.
National Instruments (NI) announced Q4 revenue of $333 million, up 11 percent year-over-year. The company's total orders were up 13 percent for the quarter with orders under $20,000 up 5 percent year-over-year; orders between $20,000 and $100,000 up 13 percent year-over-year; and orders above $100,000 up 36 percent year-over-year. In Q4 2014, NI recognized $7 million in revenue from its largest customer, compared with $4 million recognized in Q4 2013.
Dr. Ian Gresham, Anokiwave Distinguished Fellow of Technology has been named a fellow of the Institute of Electrical and Electronics Engineers (IEEE) for technical leadership in commercial automotive radar sensors.