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; steve-d.jones@dowjones.com

Stock News for Telecom (SKM)
DateTimeHeadline
11/15/201308:12:59Fidelity Management & Research Co. 3Q 13F: Largest Eliminations
11/15/201308:12:48Fidelity Management & Research Co. 3Q 13F: -2-
11/15/201308:12:48Fidelity Management & Research Co. 3Q 13F: Largest Sales
11/15/201308:12:48Fidelity Management & Research Co. 3Q 13F: Largest Purchases
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
11/04/201300:50:38KT Corp Chief Offers to Resign
03/22/201305:06:01ASIA MARKETS: Tokyo Stocks Tumble On Yen; Results Hit Hong Kong
03/22/201301:49:08ASIA MARKETS: Japan Stocks Fall On Yen; Earnings Hurt Hong Kong
03/21/201321:22:10ASIA MARKETS: Japanese Stocks Fall Sharply In Weak Asia
02/25/201303:10:21Nokia Siemens, SK Telecom to Cooperate on Liquid Applications
01/07/201302:12:57Nokia Siemens Gets Capacity Upgrade Pact From SK Telecom
05/02/201217:19:50ADR Report: Shares Lower As Euro Zone Worries Grow
11/01/201120:17:04SK Telecom, KT To Launch Apple iPhone 4S In South Korea Nov 11
08/24/201123:25:16SK Telecom: Not Bidding For Hulu
08/24/201122:34:34Hulu Bid Deadline Extended To End Of Week: Sources - Reuters
06/27/201118:41:21Intuit Buys Technology To Accelerate Mobile Expansion
06/22/201117:26:10ADR REPORT: Shares Mostly Lower As Fed Outlook Weighs

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad