MPEG LA and InterDigital urged the FCC not to get involved in regulating patent licensing for ATSC 3.0 amid evidence that the free market was working well and showing no signs of license irregularities or abuses, in comments posted Monday in docket 16-142. The comments were due Monday in the FCC’s NPRM on all aspects of the ATSC 3.0 deployment, including whether 3.0-essential patents are being licensed on reasonable and nondiscriminatory (RAND) terms (see 2207060019).
Demand remains “meaningfully stronger than our supply,” said Silicon Labs CEO Matt Johnson at a Monday investor conference, though some components of demand, especially on the consumer side, “are pushing out, changing.”
Universal Display shaved $25 million to $50 million off its May 5 revenue forecast for 2022, saying Thursday it now expects to finish the year with a top line of $600 million, plus or minus $10 million. The supplier of OLED technology and materials downgraded its guidance after customers abruptly began reducing their order forecasts “as we approached the summer,” it said.
Net sales at Universal Electronics Inc. fell to $139.1 million, from $150.5 million in the prior-year quarter, on chip shortages and macroeconomic conditions, said CEO Paul Arling on a Q2 earnings call Thursday. Consumers are being affected by rising food and fuel prices, leaving “less of consumers’ budgets for entertainment, merchandise and other discretionary items," Arling said.
With many commenters opposing receiver rules from the FCC, and supporting voluntary, industry-led standards (see 2207280050), the agency hasn’t necessarily reached a dead end on the issue, industry experts said. One potential next step would be a policy statement saying the FCC has the authority and intends to specify expectations about receiver vulnerability on a proceeding-by-proceeding basis. Commissioner Brendan Carr said Friday all options remain on the table.
FuboTV is looking for a partner for Fubo Gaming, said CEO David Gandler on a Thursday earnings call. The company's online sports wagering business is “under strategic review,” and the time period to develop the wagering business is “significantly longer than investors have an appetite to wait for today,” he said. The stock closed 16.8% higher Friday at $3.47.
ADT’s partnership with Google is a “catalyst to accelerate growth,” said Jim DeVries, CEO of the security company, on its Q2 earnings call Thursday. ADT now sells, installs, and services a “full suite” of Google Nest products nationwide, including doorbells, cameras, and thermostats, he said.
EBay’s second-quarter revenue of $2.42 billion was down 6% year over year but slightly exceeded the high end of the company’s May 4 guidance range, reported the company Wednesday. EBay's "focus category payments" and advertising initiatives helped offset the impact of unfavorable market conditions, said CEO Jamie Iannone on a quarterly earnings call.
The COVID-19 lockdowns in China, plus the war in Ukraine, global supply chain disruptions and other factors “negatively impacted the global demand environment within a short period of time,” said Qorvo Interim Chief Financial Officer Grant Brown on an earnings call Wednesday for fiscal Q1 ended July 2.
The “competitive environment’s good” for Dish Network’s wireless 5G network rollout, said Chairman Charlie Ergen on a Q2 earnings call Wednesday. The “big picture” amid historically high inflation is that everyone's wireless connection “is a necessity,” he said. “After food and water and shelter, it’s just about next in line.”