August 2016 - Page 8 of 8 - NetworkNewsWire

TuesdayAug 02, 2016 1:40 pm

Qualcomm (QCOM) and OPPO Enter New 3G/4G Patent License Agreement in China

Recently, Qualcomm, Inc. (NASDAQ: QCOM) and OPPO Mobile Telecommunications Corp. Ltd. announced their entry into a new 3G and 4G Chinese patent license agreement (http://nnw.fm/5R6ih). OPPO now has a royalty patent license to design, produce, and sell 3G and 4G, including 3-mode complete terminals. OPPO will be responsible for paying the royalties, as was determined by the terms of the rectification plan that China’s National Development and Reform Commission received from Qualcomm. This new agreement was put in place to bring to light Qualcomm’s continuous efforts to improve collection of technology licenses in China. The agreement will also give OPPO…

MondayAug 01, 2016 4:11 pm

Highpower International, Inc. (HPJ) Ships Portable Power Stations to Fry’s Electronics Ahead of Planned September Launch

In a recent news release, Highpower International, Inc. (NASDAQ: HPJ) announced the shipment of its portable power station (PPS) products to Fry’s Electronics, an American retailer of software, consumer electronics, household appliances and computer hardware. The products are expected to be available for sale at select stores in the United States as early as September of this year. For Highpower, this shipment marks the culmination of more than two years of development for its PPS product line. According to George Pan, the company’s chief executive officer, Highpower has completed thorough testing and experimentation with its products “under a wide variety…

MondayAug 01, 2016 2:11 pm

Bank of Hope (HOPE) formed from Merger of BBCN Bancorp and Wilshire Bancorp

On Friday July 29, 2016, BBCN Bancorp, Inc. and Wilshire Bancorp, Inc. announced they had completed a merger of equals to take effect at the end of the business day. The new entity is expected to enjoy considerable cost savings from branch closures since, as separate entities, they have dozens of outlets in close proximity. Before the merger, BBCN and Wilshire were the two largest Korean-American banks operating in the U.S. The holding company for the combined entity will operate under the name Hope Bancorp, Inc. (NASDAQ: HOPE). Announcing the merger, Kevin S. Kim, president and chief executive officer of…