UBS Securities downgrades Arris Group to ‘neutral’

UBS Securities downgraded rating of communications technology company Arris Group Inc. to Neutral from Buy on Friday, on weaker-than-expected outlook and profitability. The brokerage lowered its price target to $10.75 from $14. UBS Securities said Arris reported a weaker than expected business outlook. The company expects third quarter of 2010 sales of $270 million to […]

Intel Chips Could Land in iPad, iPhone

U.S.  chipmaker Intel is reportedly in advanced talks to acquire Infineon Technology’s wireless chip unit that could land the Silicon Valley giant’s chips in iPhone and iPad. Other companies interested in picking up Infineon’s unit are Samsung and Broadcom as these companies already have business and manufacturing models closer to Infineon than Intel. But Intel appears to be […]

RCom to launch Android-based HTC Wildfire smartphone in India: report

Reliance Communications Ltd (RCom) has partnered with HTC, a Taiwan-based handset maker, to launch 3G-enabled smartphones in India with a price tag at 16,590 Indian rupees ($359), said a report from the Economic Times. The smartphone named as ‘HTC Wildfire’ is based Google’s Android operating system and will be made available in all the HTC […]