Samsung's Patent Lawsuit Dismissed
Samsung Electronics' patent lawsuit against computer-chip designer Rambus was tossed out.
U.S. District Judge Robert Payne in Richmond granted Rambus's request to dismiss the suit after Rambus said it no longer planned to seek royalties from Samsung for the patents. In a separate action, Rambus sued Samsung in June, accusing it of patent-infringement and antitrust violations after license-renewal talks broke down.
Verizon Cuts Phone Rates
Verizon Communications sharply cut its prices for unlimited telephone service across the Northeast and mid-Atlantic, including markets where Cablevision has just boosted broadband Internet speeds. The new Verizon plans range from $35 to $40 for unlimited local and domestic long-distance plus call waiting, caller ID and voice mail, or from $30 to $35 for unlimited calling with no extra features. Taxes and surcharges typically add $10 to $20 to the monthly bill.
Those rates are at least $15 cheaper than any of Verizon's existing packages with unlimited calling.
Microsoft Predicts Swift Xbox 360 Sales
Microsoft expects to sell 2.8 million to 3 million Xbox 360 video-game machines within 90 days after they go on sale.
Microsoft expects Xbox-related sales of about $1.5 billion in that period, said Bryan Lee, chief financial officer of the company's home and entertainment unit. The devices debut in the United States on Nov. 22.
Motorola Invests in Fuel-Cell Maker
Motorola said its equity investment division, Motorola Ventures, made an investment in Tekion, which develops micro fuel cells for mobile products.
Financial details were not disclosed.
Tekion is working on the already-trademarked Formira Power Pack, which is to fit inside portable devices including industrial handheld computers, satellite communication devices and notebook computers.
RadioShack to Sell IPods
RadioShack has begun selling Apple Computer's iPod digital players to boost holiday sales. The Shuffle, Nano and video iPods went on sale at more than 5,000 company-owned stores as well as some dealer-owned outlets, RadioShack said in a statement.
Pixar, the computer-animation film studio run by Steve Jobs, said third-quarter profit rose 22 percent, to $27.4 million from $22.4 million in the comparable quarter a year earlier. Sales rose 3 percent, to $45.8 million.
Cablevision Systems, which is controlled by the Dolan family and is the largest cable-television provider in the New York area, said its third-quarter loss narrowed to $62.9 million from $63.2 million. Sales rose 11 percent, to $1.24 billion.
Compiled from staff and news service reports.