Tag Archives: SpinOff

Nokia Siemens Networks sells off its optical business, swings focus to LTE

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Nokia Siemens Networks logo

Nokia Siemens Networks has long been eager to shed as much weight as it can (unfortunately, including some staff) in a bid to turn around a business full of legacy hardware. The next on the chopping block, however, is a big one: the optical networking division. NSN has struck a deal to sell the fiber-focused group to Marlin Equity Partners and spin it out as a separate company. While the price of the deal isn't public, we're glad to hear that the 1,900 workers affected by the shift should keep their jobs if the agreement closes as promised, in early 2013. NSN chief Rajeev Suri makes no bones about the handover's goal -- it's to let his company concentrate on LTE and other thriving businesses while giving the optical group a second chance through Marlin's investment, if all goes well. We're left with an NSN that's considerably smaller than what we knew from its glory days, but it could be worth the hurt pride if the company stays standing.

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Source: GigaOM

Alibaba spins out Aliyun team with $200 million investment, pep talk

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Acer CloudMobile with Aliyun

You can imagine that the team building Alibaba's Aliyun mobile OS must have hurt feelings following Google's accusations that Aliyun is just a corruption of Android. Alibaba chief Jack Ma is keen to restore some of that wounded pride, at least on the surface. The CEO has used a since-confirmed staff memo to spin out Aliyun as a separate entity that will "safeguard the healthy growth" of the platform and Alibaba's mobile strategy. It's not solely an instance of tough love, either: Alibaba is putting $200 million into the new firm and will use executive Wang Jian as a link between the two sides, having him serve as the CTO for both companies. With that in mind, Ma's ultimate intentions aren't clear. While the separation may be a sign of a tighter focus on software, it also reduces the impact for Alibaba if anything drags Aliyun down -- and either motivation would be helpful for a company devoted to the web before anything else.

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Alibaba spins out Aliyun team with $200 million investment, pep talk originally appeared on Engadget on Sat, 22 Sep 2012 12:41:00 EDT. Please see our terms for use of feeds.

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Intellectual Ventures launches Kymeta spinoff, promises slim satellite broadband hotspots

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Intellectual Ventures launches Kymeta spinoff, promises satellite broadband hotspots

Intellectual Ventures is best known for its tendency to sue everyone, but it's going some distance to mend that bruised image through a newly spun out company, Kymeta. The startup hopes to improve the quality of satellite broadband through mTenna-branded, Ka-band hotspots made from metamaterials -- substances that can boost and manipulate a satellite signal while occupying virtually no space, leading to self-pointing transceivers that are just a fraction of the size of what we use today. That still amounts to equipment the size of a laptop running at a peak 5Mbps, although it's small enough that Kymeta sees hotspots reaching individual customers who want access from a boat, a car or the field. We'd just advise against tossing out the MiFi too quickly. Kymeta doesn't expect the hotspot to be ready before late 2014 at the earliest, and that leaves many questions about how much of a hit we'll take to the pocketbook.

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Intellectual Ventures launches Kymeta spinoff, promises slim satellite broadband hotspots originally appeared on Engadget on Tue, 21 Aug 2012 17:29:00 EDT. Please see our terms for use of feeds.

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Panasonic spins off Sanyo DI Solutions, keeps the digital camera OEMs happy

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Panasonic spins off Sanyo DI Solutions

Panasonic and Sanyo have only been life partners for about a year and a half now, but already the relationship has created a bundle of joy -- of a sort. Hot on the heels of some less-than-chipper financial news comes word that Panasonic is spinning off a portion of Sanyo. Sanyo DI Solutions is the name for the new creation, which will represent the company's efforts in producing OEM digital cameras -- cameras that get slapped with other manufacturers' labels before being sold as such. According to AV Watch, Panasonic's ownership had put a strain on Sanyo's fragile manufacturing partnerships, partnerships that can now bear beautiful, rebadged fruit. Sanyo DI Solutions will start with 10 million yen in capital and will go fully independent on July 1st. Hopefully it remembers to call home from time to time.


Panasonic spins off Sanyo DI Solutions, keeps the digital camera OEMs happy originally appeared on Engadget on Wed, 25 Apr 2012 07:28:00 EDT. Please see our terms for use of feeds.

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Samsung Display spinoff officially launches as ‘the world’s largest display manufacturer’

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Just as planned, Samsung has formally separated from its display business, which will begin solo operations "in earnest" April 3rd. The newly created -- and still 100 percent Samsung Electronics owned -- Samsung Display comes into existence immediately as "the world's largest display manufacturer" with 20,000 employees and five production facilities around the world. New president Donggun Park reiterated the company's stance that this move will better allow the display unit to stay ahead of the market, although what that might mean in LCDs, OLED or any other new technology isn't clear yet. Competitor LG has had a separate LG Display unit since 1999, which was originally a joint venture with Philips before that company sold all of its shares in 2008. As you can see from the new logo above not a lot has changed so far, but we'll see what "customized products" it can develop in the future.

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Samsung Display spinoff officially launches as 'the world's largest display manufacturer' originally appeared on Engadget on Mon, 02 Apr 2012 02:32:00 EDT. Please see our terms for use of feeds.

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