ADVFN - Advanced Financial Network.
HOME» NYSE » T » SKM Stock Price » SKM Stock News

Telecom Share News

 Sk Telecom Co., Ltd. (south Korea) Stock Price
SKM Stock Price
 Sk Telecom Co., Ltd. (south Korea) Stock Chart
SKM Stock Chart
 Sk Telecom Co., Ltd. (south Korea) Stock News
SKM Stock News
 Sk Telecom Co., Ltd. (south Korea) Company Information
SKM Company Information
 Sk Telecom Co., Ltd. (south Korea) Stock Trades
SKM Stock Trades

Intuit Buys Technology To Accelerate Mobile Expansion

By Steven D. Jones Of DOW JONES NEWSWIRES Intuit Inc. (INTU) expanded its mobile strategy Monday, buying the Web banking technology of Mobile Money Ventures for an undisclosed sum. Mountain View, Calif.-based Intuit, which streamlined tax preparation with TurboTax, is focusing next on making the phone a primary device for banking and processing transactions. Buying MMV gives Intuit ownership of all the technology used in Intuit mobile banking software that it provides to about 320 U.S. banks and credit unions. After the acquisition, Intuit will be able to better manage customer support and speed product development. "Bringing MMV's technology in-house will give us even more control over the support and design of our mobile Web offerings, and ultimately, we'll be able to bring new innovations to market faster," CeCe Morken, president of Intuit Financial Services, said in a written statement. The Intuit deal recognizes that people are beginning to make the smartphone the "remote control for their financial life," said Mark Schwanhausser, with Javelin Strategy & Research. Paying bills on a mobile device is common today and soon consumers will be able to use their phone as a debit card, simply passing it in front of a cash-register device to buy lunch or the week's groceries. To stay abreast of that change, Intuit has to continue innovating and buying MMV helps the company do that, said Schwanhausser. The mobile trend was evident in Intuit's most recent quarter when it reported the number of people using its online-banking service has doubled in the past year to 700,000, and Brad Smith, chief executive, said the company anticipated growth would continue. "We just have to continue to execute on the online banking and bill pay side. We have to continue to innovate with a better ease of use than any other alternative," Smith said during a May earnings call with analysts. Mobile Money Ventures, of San Mateo, Calif., was founded as a joint venture four years ago by Citigroup Inc. (C) and SK Telecom Americas, a unit of SK Telecom Co. (SKM, 017670.SE) of Seoul. An Intuit spokeswoman said the acquisition wouldn't have a material impact on Intuit's financial results and the company wouldn't comment further on details of the transaction. -By Steven D. Jones, Dow Jones Newswires; 360 834-1865;

Stock News for Telecom (SKM)
10/20/201606:11:18Report of Foreign Issuer (6-k)
10/19/201605:43:00SK Telecom Co Ld (GDR) - 2016 3Q Conference Call Announcement
09/28/201620:23:00Qualcomm and SK Telecom Announce First Enhanced Licensed Assisted...
09/21/201609:00:00Replacement Galaxy Notes 7s Arrive En Masse
09/19/201606:30:25Report of Foreign Issuer (6-k)
09/19/201603:52:00SK TELECOM CO LD (GDR) - SK Telecom releases 2016 semi annual...
09/09/201610:10:00Samsung Shares Unloaded in Galaxy Note 7 Fire Sale
09/01/201607:40:00Samsung Stops Smartphone Shipments as Safety Suspicions Spread
07/29/201612:03:53Amended Report of Foreign Issuer (6-k/a)
07/29/201606:24:00SK TELECOM CO LD (GDR) - Changes to Capital Expenditure Guidance...
07/28/201610:28:00SK TELECOM CO LD (GDR) - Resolution on Interim Dividend
07/28/201610:25:00SK TELECOM CO LD (GDR) - 2Q 2016 Business Results
07/28/201609:10:13Report of Foreign Issuer (6-k)
07/28/201609:10:13Report of Foreign Issuer (6-k)
07/27/201608:26:00Amended Report of Foreign Issuer (6-k/a)
07/27/201608:18:10Amended Report of Foreign Issuer (6-k/a)
07/27/201602:08:00SK TELECOM CO LD (GDR) - Termination of Merger Agreement
07/27/201602:00:00SK TELECOM CO LD (GDR) - Termination of Share Acquisition Agreement
07/19/201606:08:22Report of Foreign Issuer (6-k)
07/19/201606:06:06Report of Foreign Issuer (6-k)

Telecom and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations