Qualcomm News

Shanghai’s local government plans to provide oceanic coverage of 5G networks by 2024.China Daily reports that Shanghai will build an integrated network connecting all land, sea, air and space internet infrastructure platforms. The development of navigation, wind power and offshore engineering will be coordinated so that they are connected.5G technology will be used for marine supervision, science and technology, marine economy and intelligent shipping.Qualcomm describes 5G as…

China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war.Trump said Monday his threat was retaliation for China's decision to raise tariffs on $50 billion of U.S. goods over the weekend, a move that itself was in response to additional U.S. tariffs on Chinese…

The impact of technology on one of the world’s other oldest professions has been nothing short of revolutionary, in some cases forcing the marine industry to finally lay aside centuries of thinking and time-honored, if not always accurate, tools. The digital age has not only transformed almost every aspect of seafaring vessels and the processes undertaken on board, but it has sharpened and strengthened the calculations and equations used to measure, shape, process, speed, track and image the steps involved in creating parts, solving problems and rendering reality-based training.

U.S. stocks ended little changed on Monday in a quiet session, as investors saw little reason to continue buying on Wall Street after a winning streak of six days of the S & P 500, although the activity mergers and acquisitions boosted the energy sector. * The S & P 500 halted its longest streak profit since mid-April, after hitting session highs on Friday, with the Dow Jones. Investors await catalyst to continue the progress, but the upward trend is seen Wall Street largely intact. * Sales of U.S. existing homes rose in May at a rate more than double than expected, while the preliminary reading of manufacturing index hit its highest level since May 2010.

Globalstar, Inc. announce that all second generation satellites are now in full commercial service, completing the world's most modern satellite communications mobile network. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. The company's new network supports its current lineup of voice…

Boatracs Announces Multi-Year Contract Renewal with Moran Towing Corporation - Maritime Services Company Extends Satellite Data Communications Services and Adds BTConnect as Messaging and Mapping Platform. Boatracs Inc., a leader in providing integrated satellite communications and software solutions to the maritime industry, announced today that Moran Holdings, Inc., a leading maritime services company, has signed a multi-year extension to its satellite communications services contract.

Current headquarters will be relocated to larger commercial space in San Diego, California. Boatracs Inc., a leader in providing integrated satellite communications and software solutions to the maritime industry, announced it has acquired a 12,500 square-foot office building in San Diego, California as a space for their Corporate Headquarters. Boatracs will occupy the building to house general operations, engineering, shipping and its Network Operations Center for 24 hour live customer support.

San Diego, California, March 8, 2011: Boatracs Inc., a leader in providing integrated communications and software solutions to the maritime industry, announced today it is building a powerful new web-based software platform. Boatracs has partnered with TransIT Solutions, a software provider for the transportation and logistics industry, to accelerate the development of the new solution. The partnership combines TransIT Solutions’ strength in developing Internet-based GPS applications…

Every day, about 17,000 cargo containers enter U.S. ports, yet only one or two percent of them is routinely inspected. Since Sept. 11, government officials and global supply chain experts have been focusing on vulnerabilities and potential solutions to help ensure that weapons of mass destruction are not concealed in international cargo shipments. The formation of a new group of prominent supply chain thought leaders experienced in both the private and public sectors is being announced at the Intelligent Transportation Society of America's annual conference. Organized with assistance from Savi Technology, the Strategic Council on Security Technology is an international assembly of top executives from the world's largest port operators…

Globalstar, L.P. brought its next-generation strategizing to fruition with the release of full commercial access of its mobile satellite service in the U.S. through its distributor Globalstar U.S.A. With the recent demise of Iridium, and ICO Global Communications' ongoing recovery from bankruptcy, Globalstar's entry into the market is seemingly ideal. Vessel owner/operators increasingly rely on state-of-the-art communication tools to ensure safe, efficient operations. Much as has transpired in consumer markets, the wider availability of communication technology — and subsequent drive-down of equipment and airtime pricing — fuels airtime usage.

The competitive satellite communications market has taken an additional step toward consolidation, with Station 12 — an independent operating business owned 65 percent by KPN (Royal Dutch Telecom) and 35 percent by Telstra — leading the way having the intention of cornering the market. Station 12 recently outlined its strategy to double its size in the next three years, both through organic growth and acquisitions. Station 12 already claims to have 24 percent of the competitive Inmarsat maritime and mobile satellite communications sector, with current annual sales of $215 million. This is expected to rise to $500 million by 2003. The company is the largest customer and shareholder in Inmarsat, the leading provider of wholesale satellite airtime.

Satellite telecommunications firm Globalstar Telecommunications said on Monday that five of its founding partners will provide the company with further equity financing. Under the terms of their agreements, Loral Space & Communications Ltd., Vodafone Group Plc, Qualcomm Inc.; Elsacom, and a France Telecom/Alcatel partnership will purchase 5.2 million shares of common stock of Globalstar for $56 million. Loral will purchase $12 million of this total. A sixth partner, ChinaSat, has indicated an intent to purchase an additional $12 million of Globalstar shares upon receipt of government approval. The share purchases are based on a price of $10.71 per share. The transaction is expected to close by September 29.

Shares of Globalstar Telecommunications Ltd. plunged 50 percent on Tuesday after the satellite telephone operator said it would stop paying debt holders so it can save cash to fund its operations into 2002. Globalstar, which was founded by Loral Space & Communications Ltd. and Qualcomm Inc., said it would save $400 million in 2001 by suspending payments on its funded debt, including its credit facility, vendor financing agreements and senior notes. The company said it will also halt dividend payments on its preferred stock. Shares of Globalstar were 29/32 lower at $1 at midday on Nasdaq, on volume of 10.1 million shares, after dipping as low as 15/16.

Mobile satellite telephone company Globalstar L.P. said on Monday it recorded a net loss of $3.8 billion in 2000 and it could seek bankruptcy protection if it cannot execute a restructuring plan. The company warned in an annual filing with the U.S. Securities and Exchange Commission that its restructuring plan may fail if it conflicts with certain restrictions under existing agreements or if it cannot forge an accord with its creditors. Globalstar is a partnership that was formed in November 1994 by satellite firm Loral Space & Communications Ltd. and cellular telecommunications company Qualcomm Inc. Loral owns about 38 percent of Globalstar L.P. Globalstar Telecommunications Ltd., the public Globalstar entity, owns more than 40 percent of the business.

Savi Technology announced at today's opening of the U.S. Maritime Security Expo in New York that they will jointly develop and market a disposable low-cost electronic bolt seal that automatically transmits alerts over radio frequencies when locking mechanisms on cargo containers are tampered with or violated. The new electronic seal will combine EchoPoint, Savi's latest, sixth-generation, active radio frequency identification (RFID) technology, with OneSeal's design and manufacturing skills for high-security locks. The partners plan to introduce a widely affordable product by early next year that will dramatically improve the security and management of cargo containers moving throughout the global supply chain by ship, rail and truck.