NVIDIA Corporation (NASDAQ:NVDA) [Detail Analytic Report] bended a potential ban on imports of several of its graphics chips following settling a patent dispute with Samsung Electronics. They said in a joint statement that the firms agreed to a license a “small number of patents by each firm to other, other than no broad cross-licensing of patents or other compensation. The contract came hours previous to US International Trade Commission in Washington was slated to declared its final decision in a case Samsung had filed against Nvidia. A trade judge had reported that Nvidia and its customers infringe Samsung patents for ways the chips made.
Nvidia has its chips agreement manufactured mostly in Taiwan. The graphics processors are then put on circuit boards to turn into graphics cards by other Asian manufacturers who then either sell them to consumers directly or computer makers. The Korean electronics company declared patents in ITC case cover some of basic circuit designs so they are smaller, faster as well as work better. That saves costs for manufacturers, as well as enables improved video performance. Nvidia competed that Samsung was just dusting off old technology that even Samsung no longer used. It also disputed that any import ban would be inappropriate because the patented inventions cover only minor features.
Brocade Communications Systems, Inc. (NASDAQ:BRCD) [Detail Analytic Report] released at EMC World that its Gen 6 Fibre Channel and IP storage networking technologies are providing a network foundation enabling customers of the EMC Unity solution to optimize the performance, availability, and reliability of their storage deployments. The VP of storage networking, Brocade, Jack Rondoni stated that Flash is fundamentally changing requirements for network in modern data center.
Brocade’s purpose-built networking for storage along with EMC Unity solution form perfect union of simplicity, performance and affordability that will support any storage deployment. Brocade Gen 6 Fibre Channel and IP storage networking will unleash full power and efficiencies of EMC flash storage. The senior VP and GM, Core Technologies Division, EMC Corporation, Jeff Boudreau stated that Brocade is a trusted name in the world of demanding data center networks.
SolarCity Corporation (NASDAQ:SCTY) [Detail Analytic Report] released that it has completed its first cash equity transaction by means of partner John Hancock Financial. John Hancock is investing $227M in a diversified portfolio of residential, commercial, and industrial solar power projects that collectively represent 201 megawatts of generation capacity.
SolarCity’s Executive Vice President of Global Capital Markets, Radford Small stated that they are proud to partner with John Hancock, one of most trusted brands in insurance along with financial services, on this 20-year investment in their residential and commercial solar contracts. Cash equity enables SolarCity to monetize a high percentage of cash flows to maximize upfront financing proceeds. This transaction is an exciting addition and diversification of their long-term financing options for solar assets.