Apple Wins Court Case Against Samsung and BroadSoft Reports Net loss in Q1 2014
BroadSoft, Inc. (NASDAQ: BSFT) reported a loss in income for the 2014 first quarter of $7.5 million, or 26 cents per basic and diluted common share. This is compared with a net loss of $2.3 million, or 8 cents per basic and diluted common share, from the year ago quarter. The company reported non-GAAP net income was $2.1 million, or 7 cents per diluted common share for the 2014 first quarter, compared to $5.1 million, or 18 cents per diluted common share for the 2013 first quarter.
BroadSoft, Inc. provides software and services that enable mobile, fixed-line, and cable service providers to deliver hosted or cloud-based unified communications and other voice and multimedia services over Internet protocol (IP) based networks. The companys communications platform consists of BroadWorks software, which enables its service provider customers to offer enterprises and consumers with a range of hosted communications offerings, such as hosted PBX, voice and video calling, SIP Trunking, voice and video mail, call center, and audio conferencing, as well as 4G or LTE offerings. Its communications platform also include BroadCloud that enables the company to offer its service provider customers communications applications, such as BroadCloud PBX functionality, as well as Web collaboration, video conferencing, and fixed line short message service from its cloud service delivery platform; and BroadTouch, a client application, which enables carriers to offer unified communications services for smartphones, tablets, desktops, laptops, and other-end-user devices.
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Apple Inc. (NASDAQ: AAPL) wins big in court as a U.S. jury has decided that Samsung Electronics Co Ltd must pay Apple Inc unchanged at $119.6 million. This came after additional deliberations in a trial where Samsung was found to have infringed three Apple patents. The trial lasted a month in a federal court in San Jose California.
Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. It also sells software, services, peripherals, networking solutions, and third-party digital content and applications related to its products. The company offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets based on Apples iOS Multi-Touch operating system; Mac, a line of desktop and portable personal computers; and iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, iPod shuffle, and iPod classic.
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