Date:17/08/11
Shares in Asian makers of Android mobile phones have risen, after Google said it would buy Motorola's handset business for $12.5bn (£7.7bn). The agreement is expected to give the likes of HTC and Samsung Electronics a greater degree of protection against possible patent disputes. Shares in Samsung rose more than 4%, while HTC shares were 2% higher on Tuesday.Google is the primary developer of the Android software for mobile devices.However, because many companies own related patents, the internet giant is open to being sued by rivals.
Its purchase of Motorola Mobility gives Google ownership of 17,000 mobile patents, with thousands more pending. That means mobile phone makers that license Android software may now receive more protection against future patent lawsuits. "We welcome the news of today's acquisition, which demonstrates that Google is deeply committed to defending Android, its partners, and the entire ecosystem," HTC chief executive Peter Chou said in a statement. Besides HTC and Samsung, other companies that use the software include Sony Ericsson and LG Electronics.
So-called contract equipment manufacturers, which make phones for brands other than its own, also received a boost from the Google deal.Shares in Taiwan's Foxconn rose by more than 14% while Compal Communications jumped by more than 7%.
Google deal boosts shares in Asian phone makers
Shares in Asian makers of Android mobile phones have risen, after Google said it would buy Motorola's handset business for $12.5bn (£7.7bn). The agreement is expected to give the likes of HTC and Samsung Electronics a greater degree of protection against possible patent disputes. Shares in Samsung rose more than 4%, while HTC shares were 2% higher on Tuesday.Google is the primary developer of the Android software for mobile devices.However, because many companies own related patents, the internet giant is open to being sued by rivals.Its purchase of Motorola Mobility gives Google ownership of 17,000 mobile patents, with thousands more pending. That means mobile phone makers that license Android software may now receive more protection against future patent lawsuits. "We welcome the news of today's acquisition, which demonstrates that Google is deeply committed to defending Android, its partners, and the entire ecosystem," HTC chief executive Peter Chou said in a statement. Besides HTC and Samsung, other companies that use the software include Sony Ericsson and LG Electronics.
So-called contract equipment manufacturers, which make phones for brands other than its own, also received a boost from the Google deal.Shares in Taiwan's Foxconn rose by more than 14% while Compal Communications jumped by more than 7%.
Views: 822
©ictnews.az. All rights reserved.
Similar news
- 24% of U.S. Adults have made phone calls on the Internet
- UNESCO puts sustainable learning online
- Australia gives incentives for the use of telehealth
- US launches computer programme for poor kids
- UN declares web access as human right
- Facebook growth slows in stalkerbase heartlands
- One Third of Millionaires Use Social Media
- Facebook Seeks Bigger Role in Software for Mobile Apps
- Icann increases web domain suffixes
- IBM launches new social networking platform for enterprises
- Google Notches One Billion Unique Visitors Per Month
- Internet providers cut international channel renting costs by 60%
- Azerbaijan launches standard time on internet
- Icann launches facility to ease DNSSec adoption
- Social network data mining yields worrying results for traditional media
