About 350 employees are also part of the deal. Erik Huggers headed up the Intel Media brand up until its. What Verizon gets is the intellectual property rights and other assets that powered Intel’s OnCue Cloud TV platform. ( HCOM), which carries a Zacks Rank #1 (Strong Buy). The long and short of the deal was that Verizon was taking on board Intel’s yet-to-be-launched OnCue Internet-based TV platform. Resolution, Renaming and Reductive Search Instantly identify and resolve naming conflicts on import. Use our Workflow Ribbon to arrange interface panes for common trial tasks, or make OnCue your own by setting it up how you like and saving unlimited custom workspaces. Another stock worth mentioning within this sector is Hawaiian Telcom Holdco Inc. OnCue helps you customize workspaces to focus efficiently on the task at hand. Verizon currently holds a Zacks Rank #2 (Buy). However, it remains to be seen how far the company can push itself to clinch the deal. Integrating OnCue with Redbox Instant will only strengthen Verizon’s video offering as the latter will be able to offer both movie and TV entertainment package under the same roof. ( OUTR), which allows online movie service under the brand Redbox Instant. The company already has a joint venture with Outerwall Inc. Verizon has been looking to develop its IPTV services and recently acquired uploading and streaming service provider UpLynk. Verizon exited the quarter with 5.9 million FiOS Internet subscribers. Verizon expects OnCue to boost its exiting IPTV offering FiOS, which delivered solid performance in the third quarter of 2013.The New York-based carrier can also sell the Internet-based service to its 101.2 million mobile customers. Verizon wants to grab this opportunity to further expand its video services and meet consumers’ appetite as higher proliferation of smartphones has led to the proliferation of smartphones and other related devices. Intel is looking for as much as $500 million from the sale. In a press release, Verizon said that it was going to use OnCue to accelerate the availability of next-generation video services, both integrated with Verizon FiOS fiber-optic networks and. The chip maker now wants to divest the unit as it wants to focus on selling chips to mobile phone companies. This high-speed Internet service could have given traditional cable and satellite TV providers a run for their money. They can even watch programs aired three days back.īut the launch was stalled as Intel struggled to procure the programming license. OnCue includes a set top box, a farm of software systems and an on-screen interface software to offer content over the Internet, which allows users to navigate a list of networks and select TV programs of their choice. Given the continuous growth of video services, the acquisition could prove fruitful over the long term. ( INTC) to buy OnCue – the Internet TV (:IPTV) venture of the latter. ( VZ) is currently negotiating with computer chip maker Intel Corp. Leading telecom carrier Verizon Communications Inc.
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