RadioShack CEO James Gooch has left his post after about a year and a half on the job. Gooch took the position in May 2011, succeeding retired executive Julian Day. The electronics retailer’s stock has been on a steady decline over the past year, and it posted a $21 million loss in the second quarter. CFO Dorvin Lively will serve as interim CEO while the board searches for Gooch’s replacement.
LG Display is suing Samsung Electronics for violating its patents on displays used in smartphones and tablets, according to a report in The Wall Street Journal. The publication said the complaint, filed in South Korea, covers seven patents on OLED panel design, driver circuitry and device design.
LightSquared told the FCC at a Monday meeting that it plans to submit a “comprehensive proposal” on a way to move forward with its LTE network, which was blocked by the FCC because of major interference problems with GPS service. According to documents filed with the FCC today, the document “addresses the concerns that have been raised regarding GPS, while providing LightSquared the certainty it needs to deploy its terrestrial broadband network.” The company did not specify when the proposal would be made public.
ABI Research is illustrating the decline of WiMAX in a new report predicting that there will be more TD-LTE subscribers than WiMAX subscribers by mid-2014. TD-LTE is currently a niche variety of the mobile broadband technology, with FD-LTE the more common version deployed by Verizon Wireless, AT&T and Sprint. Clearwire and China Mobile are both in the process of building TD-LTE networks. The number of FD-LTE subscribers first passed the number of WiMAX subscribers in the fourth quarter of last year, according to the report.
Novatel Wireless is raising the bar for hotspot units with today’s announcement of the MiFi 2, which features a 2.8-inch touchscreen color display, as well as a number of other advanced features. The unit also includes trackable data usage, on-board shared storage, the MiFi Media Center, and location based services. Novatel says the LTE-capable MiFi 2 will get 11 hours of battery life and can connect up to 10 devices. The MiFI 2 will be available as the “Liberate” through AT&T but the carrier did not provide pricing or availablity.