Japanese messaging app firm Line Corp has held off on setting a tentative price range for its initial public offering (IPO) by one day, until Tuesday, the company said in a regulatory filing, citing the “market environment”.
The IPO price range was originally scheduled to be announced on Monday. Line still plans to list in New York on July 14 and in Tokyo the following day, the filing showed.
On Friday, the S&P 500 fell 3.6 percent, its biggest one-day drop in 10 months, and Japan’s broad Topix index slid 7 percent after Britain voted to exit the European Union.
The equity market in Japan recovered somewhat on Monday as the Topix closed up 1.8 percent, but the delay will allow the company to assess the market in New York and London on Monday before setting the tentative price range, a Line spokesman told Reuters.
Earlier this month, the company announced plans to sell 35 million new shares in an IPO, which would raise 98 billion yen ($963 million) at its initial reference price of 2,800 yen per share.
Line’s listing will go ahead according to its planned schedule, the company said on Friday.
Companies around the world are wrestling with the aftermath of the Brexit vote, which is likely to delay or disrupt upcoming takeovers and initial public offerings. Companies with direct exposure to the British economy are more likely to see their deals scuppered compared with those who are just caught up in global market volatility.
Line has little direct exposure to Britain or Europe. Its main markets are Japan, Indonesia, Taiwan and Thailand.
Line delayed its IPO by two years, buying time to fix weaknesses in weak financial reporting controls, bolster staffing and develop its business plan. But in doing so, it left billions of dollars on the table as its valuation shriveled.
Basically this means that the hardware can be used by the OPNFV collaborative open source community to accelerate the delivery of cloud-enabled networks and applications.
Nokia said the OPNFV Lab will be a testbed for NFV developers and accelerates the introduction of commercial open source NFV products and services. Developers can test carrier-grade NFV applications for performance and availability.
Nokia is making its AirFrame Data Center Solution available as a public OPNFV Lab with the support of Intel, which is providing Intel Xeon processors and solid state drives to give communications service providers the advantage of testing OPNFV projects on the latest and greatest server and storage technologies.
The Nokia AirFrame Data Center Solution is 5G-ready and Nokia said it was the first to combine the benefits of cloud computing technologies to meet the stringent requirements of the telco world. It’s capable of delivering ultra-low latency and supporting the kinds of massive data processing requirements that will be required in 5G.
Morgan Richomme, NFV network architect for Innovative Services at Orange Labs, OPNFV Functest PTL, in a release. “NFV interoperability testing is challenging, so the more labs we have, the better it will be collectively for the industry.”
AT&T has officially added Nokia to its list of 5G lab partners working to define 5G features and capabilities. It’s also working with Intel and Ericsson.
Mobile World Congress, considered by many experts as the most important tech trade show in the world, is coming to the U.S. Trade groups GSMA and CTIA are joining forces to bring a smaller version of the event to the U.S. in 2017.
GSMA Mobile World Congress Americas will debut Sept. 12 to 14, 2017, in San Francisco and will replace U.S. trade group CTIA’s Super Mobility conference. Super Mobility will continue this year in Las Vegas from Sept. 7 to 9.
The new conference will be the “first truly global wireless event” in the Americas, CTIA President and CEO Meredith Attwell Baker said in a statement.
The new trade show, however, will apparently be more focused, spotlighting the leading innovations from the North American mobile industry, John Hofman, CEO of GSMA, said in a statement.
The trade groups expect about 30,000 attendees and 1,000 exhibitors at the 2017 trade show, similar to the numbers from CTIA’s Super Mobility conference.
GSMA’s Mobile World Congress in Barcelona, Spain, earlier this year drew more than 100,000 attendees and 2,200 exhibitors. The 2017 Barcelona event will take place from Feb. 27 to March 2.
The new Mobile World Congress Americas will feature C-level speakers, exhibits featuring the latest mobile technologies, and a regulatory and public policy program.
For Google Fiber, which has typically worked with cities in planning and building a fiber network from scratch, the acquisition will give the Alphabet business a headstart in many markets, particularly in dense urban areas.
Financial terms of the acquisition were not disclosed. Google did not immediately comment on the acquisition.
Webpass in San Francisco owns and operates its Ethernet network, thus removing its dependence on phone and cable companies. It has operations in San Francisco, Oakland, Emeryville, Berkeley, San Diego, Miami, Miami Beach, Coral Gables, Chicago and Boston. The company offers business connections from 10 to 1,000 Mbps and to residential customers service from 100 Mbps to 1Gbps.
Google is already working in San Francisco, where Webpass also operates, and is negotiating with property owners and managers in buildings near existing fiber infrastructure to explore connecting their residents to gigabit Internet.
Webpass will help to further expand that coverage as it will remain focused on the rapid deployment of high-speed Internet connections for residential and commercial buildings, mainly using point-to-point wireless, Webpass President Charles Barr said in a blog post Wednesday that announced the proposed acquisition.
“Google Fiber’s resources will enable Webpass to grow faster and reach many more customers than we could as a standalone company,” Barr wrote.
“The device business must be profitable, because we don’t want to run a business that drags onto the bottom line,” Chief Executive John Chen told investors at the company’s annual meeting. “We’ve got to get there this year.”
Chen has previously said a decision would be made by September on the future of the unit, which has suffered a sustained drop in sales in recent quarters.
But at the meeting, attended by around 100 people, he said he sees better opportunity in providing services that enable increasingly commoditized hardware to do more.
“I don’t personally believe handsets will be the future of any company,” he said.
BlackBerry, once the smartphone market leader before being displaced by Apple Inc and competitors run on Alphabet Inc’s Android platform, has worked to reposition itself as a software and service provider focused on device management for large organizations.
In its presentation to investors, the company said it expects the broader market for types of software it is producing to expand to $17.6 billion by 2019, from $525 million in 2012 and below $4 billion in 2015, powered by growth in medical, legal, financial and automotive industries.
But some of those in attendance were skeptical about BlackBerry’s ability to deliver on its strategic pivot.
“The first word that comes to mind is lackluster,” said one shareholder at the meeting who declined to give his name. “Time is running out.”
Chen reiterated that BlackBerry wants to grow its software revenue by 30 percent in this fiscal year, which he estimated would be double overall market growth, and to notch positive free cash flow.
BlackBerry is due to report first quarter results on Thursday.
Chen took up the CEO role in 2013 with a reputation as a turnaround artist. But the company’s stock has only risen modestly since then, with many investors waiting for signs the now-smaller company will be able to carve out new opportunities.
“I appreciate the strategy,” said Ken Tota, an investor in BlackBerry’s biggest shareholder, Fairfax Financial Holdings Ltd. He said he was optimistic a renewed focus on security could help reinvigorate BlackBerry over the next five years.
“It’s a niche, but it’s a worldwide niche,” he said.
Twitter is looking to compete even more with Facebook. The platform is moving into video in a major way with 140-second clips in both Twitter proper and Vine, a new video section called Watch Mode, and video recommendations for other videos to watch. The network’s most popular users, like President Barack Obama and Justin Bieber, are getting a stand-alone app called Engage, which sounds a lot like Facebook Mentions.
Twitter is making video a huge priority by extending video length from 30 seconds to 140 seconds (staying on-brand, of course). Those longer videos are also coming to Vine, but don’t worry, the popular app for creating hilarious video loops isn’t changing its 6-second limit. Instead, you can post 140-second clips alongside your Vines.
You won’t have to watch these longer videos in-tweet. Now tapping on a video in your timeline will launch a new full-screen viewing mode with recommended clips surfaced just below. The same experience applies to longer videos on Vine.
The new features are rolling out soon on Twitter for iOS and Android.
Twitter Engage launched Tuesday on iOS to help video creators and other important people see metrics on their clips, including likes, retweets, mentions, and views. They can also see demographics for their videos and a feed of what their fans are talking about.
Unlike Facebook Mentions, Engage isn’t solely aimed at celebrities. But the two apps are similar in that they show mentions from so-called “influencers” and filter comments from fans.
Twitter has to try new things, especially since its user growth has stalled at 310 million monthly active users and Wall Street isn’t happy about it. To compare, Instagram just announced it has more than 500 million monthly active users, 300 million of whom check the app on a daily basis.
The malware, dubbed Godless, has been found lurking on app stores including Google Play, and it targets devices running Android 5.1 (Lollipop) and earlier, which accounts for more than 90 percent of Android devices, Trend Micro said Tuesday in a blog post.
Godless hides inside an app and uses exploits to try to root the OS on your phone. This basically creates admin access to a device, allowing unauthorized apps to be installed.
Godless contains various exploits to ensure it can root a device, and it can even install spyware, Trend Micro said.
A newer variant can also bypass security checks at app stores like Google Play. Once the malware has finished its rooting, it can be tricky to uninstall, the security firm said.
Trend Micro said it found various apps in Google Play that contain the malicious code.
“The malicious apps we’ve seen that have this new remote routine range from utility apps like flashlights and Wi-Fi apps, to copies of popular game,” the company said.
Some apps are clean but have a corresponding malicious version that shares the same developer certificate. The danger there is that users install the clean app but are then upgraded to the malicious version without them knowing.
So far, Trend says it has seen 850,000 affected devices, with almost half in India and more in other southeast Asian countries. Less than 2 percent were in the U.S.
Twitter has been quite vocal regarding its interest in machine learning in recent years, and earlier this week the company put its money where its mouth is once again by purchasing London startup Magic Pony Technology, which has focused on visual processing.
“Magic Pony’s technology — based on research by the team to create algorithms that can understand the features of imagery — will be used to enhance our strength in live [streaming] and video and opens up a whole lot of exciting creative possibilities for Twitter,” Twitter cofounder and CEO Jack Dorsey wrote in a blog post announcing the news.
The startup’s team includes 11 Ph.Ds with expertise across computer vision, machine learning, high-performance computing and computational neuroscience, Dorsey said. They’ll join Twitter’s Cortex group, made up of engineers, data scientists and machine-learning researchers.
Terms of the deal were not disclosed.
The acquisition follows several related purchases by the social media giant, including Madbits in 2014 and Whetlab last year.
Sony Pictures Animation has announced that it will produce an animated movie about “the secret world of our phones and the beloved characters that have become daily necessities in global interpersonal communication.”
“Emojimovie: Express Yourself” is due in August 2017. It will be written by Eric Siegel and Anthony Leondis and directed by Leondis. He previously wrote and directed “Lilo & Stitch 2: Stitch Has a Glitch” and “Igor.”
Deadline had earlier reported that Sony beat out two other movie studios bidding for the movie, paying “near seven figures” for the title.
So what emojis might make the cut and appear in the movie? The smiley seems the likely star and is the most-used emoji in every country except France, according to a SwiftKey study published in 2015. In France, the heart emoji is the favorite.
Emojis first appeared on cell phones in 1999 when NTT DoCoMo launched its i-Mode wireless Internet service in Japan. Since then, they have spread worldwide and are available on all modern smartphones, messaging systems and computers.
Emojis’ Japanese roots explain some of the stranger characters, which might mean little to people in the West but related to some important cultural festivals, food or other aspects of Japanese life.
Trailing its competitors after past mistakes on wireless technology standards, Samsung Electronics Co Ltd aims to become a global top-three player in 5G mobile networks by moving quickly in markets like the United States, an executive said.
The world’s top smartphone maker ranks well behind peers such as Nokia Corp, Huawei Technologies Co Ltd and Ericsson in the networks business, after backing CDMA and WiMax wireless technologies that never caught on globally.
The South Korean giant now sees an opportunity to catch up by moving fast and early on 5G, the wireless technology that telecom equipment makers are rushing to develop as the next-generation standard.
“We plan to move quickly and want to be at least among the top three with 5G,” Kim Young-ky, Samsung’s network business chief, told Reuters in an interview.
“It’s important to get in early.”
5G wireless networks could offer data speeds tens of times faster than 4G technology, enabling futuristic products such as self-driving cars and smart-gadgets that tech firms expect to become ubiquitous in the homes of tomorrow.
Major network firms are targeting the United States as it moves rapidly ahead with plans to open spectrum for 5G wireless applications. Some U.S. officials expect to see the first large-scale commercial deployments by 2020.
Samsung is targetting more than 10 trillion won ($8.6 billion) in annual sales of 5G equipment by 2022, a spokeswoman said.
This would be a big step up for a networks business that generated less than 3 trillion won in revenue last year, compared with 100.5 trillion won in mobile device sales.
Crucial to its plans is a partnership with New York-based Verizon Communications Inc to commercialize the technology. Other firms working with Verizon on 5G include Nokia, Ericsson, Qualcomm and Intel Corp.
Verizon conducts field tests this year and aims to begin deploying 5G trials on home broadband services in 2017 in the United States, likely the first 5G application commercially available before a broader mobile network standard is agreed.
Samsung – which was a distant fifth player in the global 4G infrastructure market in January-March, according to researcher His – declined to comment on what clients it expected to receive 5G equipment orders from.
The phones infringe a design patent held by Chinese device maker Shenzhen Baili, a Beijing intellectual property office ruled, according to a notice posted Thursday.
The office ordered Apple and its partners to halt sales of both products, though Apple has appealed and the phones are currently still on sale there.
“We appealed an administrative order from a regional patent tribunal in Beijing last month and as a result the order has been stayed pending review by the Beijing IP Court,” Apple said Friday in an email.
The iPhone 6 models violate an “exterior design patent” held by Shenzhen Baili. The company was granted the patent in China in July 2014, shortly before Apple released the iPhone 6.
Shenzhen Baili used the patented design to make smartphones under its 100+ brand. The devices start at only 799 yuan, or about US$120, while the iPhone 6 initially sold for 5,288 yuan.
Shenzhen Baili warned Apple in 2014 that it might sue for patent infringement.
It’s not Apple’s first legal challenge in China. In 2012 the company battled a different company there which claimed ownership of the iPad trademark. Apple ended up paying US$60 to resolve that dispute – not a huge sum considering the importance of the Chinese market.
Earlier this year, in April, Chinese regulators shut down Apple’s iTunes Movies and iBooks services without publicly stating why. Those services appear to be still offline.
China is the world’s biggest smartphone market but Apple products face stiff competition there from local handset makers. In the first quarter this year, Apple ranked fifth among smartphone makers in China, according to research firm Canalys.
“‘Local vendors, such as Huawei, Vivo and Oppo, are eating into the premium segment that Samsung and Apple considered their own,” Canalys said at the time.
Wi-Fi calls recently became available to customers usingiPhones and other iOS 9.3 devices on all four major U.S. carriers, which includes AT&T, Verizon, Sprint and T-Mobile. That iOS update first became available March 21.
Wi-Fi calling is ideal for places were there is limited or no cell coverage. Many indoor spaces don’t provide good cellular connections, so Wi-Fi calling is a suitable alternative. Travelers abroad can reduce roaming costs by using Wi-Fi calling as well.
“Wi-Fi calling is a feature that customers want, so that’s the most important reason for carriers to do it,” said Roger Entner, an analyst at Recon Analytics.
T-Mobile advertised Wi-Fi calling as a replacement for inconsistent cellular service as early as 2007 before getting a permit from the Federal Communications Commission to do so.
AT&T explained that its Wi-Fi calling requires a compatible device and a postpaid wireless account set-up for HD Voice as well as the Wi-Fi connection.
Users on AT&T’s Wi-Fi calling system can make and receive calls and texts and keep the same phone number. The bill for a call is based on the number being called. For AT&T customers, making a call on a U.S. number to another U.S. number is free, even if the customer is overseas, according to an AT&T blog and a separate online description.
Ride-hailing company Uber debuted its meal delivery service app UberEATS in London on Thursday, the second European city where users will be able to order food to their home, entering a burgeoning British market.
The service, which is currently available in 17 cities around the world including Paris, will compete with rivals such as Deliveroo and Just Eat, which have advertised heavily in the capital in recent months.
Britons will be able to download the app on their iPhone or Android handset from midday on Thursday and order meals from restaurants which will be delivered by Uber drivers.
Deliveries will be made to customers in central London from over 150 eateries between 11 a.m. and 11 p.m. with plans to expand further away from the center in the coming weeks.
Uber has faced months of protests from drivers of the capital’s long-dominant black cabs but earlier this year transport bosses rejected options which could have imposed strict new restrictions on how it operates.
SOS will quickly let a user call for help by pressing and holding the side button on an Apple Watch running watchOS 3 “no matter where they are in the world,”according to Apple publicity.
The call is made via cellular wireless through an iPhone connected by Bluetooth to the watch or through Wi-Fi if the watch is connected to a Wi-Fi network. The call will go to local emergency services, such as 999 when a user is in Hong Kong and 911 in the U.S., according to Kevin Lynch vice president of technology at Apple.
After the call is made, the watch will automatically send a map and a message to a user’s emergency contacts so they know where the user is. There will also be the ability to add a user’s medical ID to the watch, with information such as age and allergy information, he added.
“We’re finding people who wear an Apple Watch wear it all the time,” Lynch said, which gives the SOS feature the ability to be a quick-response app, referred to in the industry as a panic app.
Lynch and Apple certainly didn’t headline SOS in presenting the various watchOS 3 improvements, and it is mentioned only in passing on the Apple web site. The biggest and most promoted improvements to watchOS 3 include quicker interactions, such as an app launch time that’s seven times faster than before.
Twitter confirmed the investment, but did not provide any financial details.
“Earlier this year we made an investment in SoundCloud through Twitter Ventures to help support some of our efforts with creators,” Twitter chief executive Jack Dorsey said.
Soundcloud, a platform that enables people to upload and share music and other audio files, also confirmed that Twitter had made the investment.
Twitter’s investment was part of a funding round expected to be in the range of $100 million, which would value SoundCloud at about $700 million, the Re/code report said.
The microblogging site has previously attempted to make a foray into music with the launch of Twitter Music in 2013, which was closed a year later. At the time, the company said that it would look for new ways to bring music based content to the service.