On Thursday, Shares of Intel Corporation (NASDAQ:INTC), gained 0.71% to $29.90.
Intel Corporation, declared its second phase of advancements to the Intel Security Partner Program to improve profitability and efficiency for distributors and resellers. The first phase of the rollout was declared in October 2014 to create a flexible framework for future enhancements to the program, as distributors and resellers evolve their business models and adapt to the changing customer landscape.
The second phase of the Intel Security Partner Program initiative seeks to innovate and invest in driving differentiation and profitability. Improvements initiated with the second phase comprise:
- Removal of Tiered Pricing: Eliminating tiered pricing allows Intel Security to reallocate funds to more profitable offerings that improve retained margin.
- Improved Deal Registration: Rewards members based upon their Intel Security Partner Program level, by limiting deal registration to one partner per each approved partner-found sales opportunity. This also simplifies the Deal Registration process by consolidating to one registration form.
- New Teaming Plan: Investment in resellers that have committed to building an Intel Security practice and are engaged in adding value to Intel Security found deals. The plan is intended to enhance profitability and deal protection for the partner, streamlining the approval process.
- Improved Incumbency Advantage: Provides additional incentives based on the program level by increasing the discount for resellers as the partner level rises, and automatically rewarding resellers for renewals.
- Partner Level Name Changes: New Platinum, Gold and Silver partnership levels reflect industry standard terms for classifying tiered offerings.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM), inclined 1.05% to $64.55, during its last trading session.
Novatel Wireless, Inc., (MIFI), a leading provider of wireless solutions for the Internet of Things (IoT), declared that its latest MiFi(R) brand mobile hotspot, model MiFi 6630, is accessible started recently with SaskTel, provider of Saskatchewan, Canada’s most advanced 4G LTE wireless network.
The new MiFi 6630, based on the award-winning MiFi 6600 series family, is a powerful mobile hotspot, designed for customers looking for super-fast wireless broadband connectivity.
Global-ready and unlocked for use with international SIMs in over 250 countries, the MiFi 6630 provides average speeds between 5 and 40 Mbps and is powered by QUALCOMM(R) Chipset MDM9225 (QCOM), the same chipset used in the Apple iPhone(R) 6 series, supporting more LTE bands than other mobile hotspots in its class. The MiFi 6630 offers simultaneous connectivity for up to 15 devices, is capable of up to 20 hours of use on a single charge, and uniquely doubles as a charger for devices such as smartphones and tablets without compromising performance.
The MiFi 6630 also comes equipped with advanced enterprise-grade security features counting anti-spoofing and filtering controls and supports more than eight LTE bands for connectivity in over 200 countries.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States.
Finally, Magna International Inc. (NYSE:MGA), ended its last trade with -3.82% loss, and closed at $53.70.
Magna International, declared that it has signed a contract to acquire the Getrag Group of Companies (“Getrag”), one of the world’s largest suppliers of automotive transmissions.
Getrag has an 80-year history in transmissions and is a technology leader, offering a range of transmission systems which comprise manual, automated-manual, dual-clutch, hybrid and other advanced systems. We believe the architecture of Getrag’s product line is well-positioned to support current and future automotive powertrain configurations. In particular, Getrag is a leader in the growing market for dual-clutch transmissions (“DCTs”), which is predictable to be one of the highest growth segments globally over the next decade.
In addition to its wholly-owned operations, Getrag has significant joint-venture relationships with Ford, in addition to Chinese auto makers Jiangling and Dongfeng. Other Getrag customers comprise BMW, Daimler, Renault, Volvo and Great Wall. Counting joint-venture locations, Getrag has about 13,500 employees and operates 13 manufacturing and 10 engineering centres in nine countries in Europe , Asia and North America . Getrag’s 2014 merged sales were about €1.7 billion, which excludes about €1.6 billion in sales generated in its non-merged joint-ventures.
Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments.
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