“TeleNav Amends Sprint And Tele Atlas Deals; Backs Q1 Outlook; Guides FY11 - Quick ... - RTT News” plus 1 more |
| TeleNav Amends Sprint And Tele Atlas Deals; Backs Q1 Outlook; Guides FY11 - Quick ... - RTT News Posted: 20 Sep 2010 01:25 PM PDT (RTTNews) - TeleNav Inc. (TNAV: News ) said it has amended its master application and services agreement with its largest customer, Sprint, and its license agreement with Tele Atlas, a supplier of map and point of interest content used in TeleNav's services. As a result of the amendments, the company has reaffirmed its outlook for the first quarter, and provided guidance for the full fiscal year ending June 30, 2011. Under the amended deal with Sprint , the term of the deal is extended from December 31, 2011 to December 31, 2012. Sprint's right to terminate the agreement without cause has also been changed from December 31, 2010 to beginning June 30, 2012. TeleNav's right to be Sprint's preferred supplier of navigation applications is broadened and the preferred supplier rights are extended from December 31, 2010 to December 31, 2012. TeleNav will receive a guaranteed annual fixed fee from Sprint for navigation applications provided to subscribers in bundles with other Sprint services. The amendments to the agreement are retroactively effective as of September 1, 2010. Under the amended deal with Tele Atlas, TeleNav will now pay fees related to navigation services provided for Sprint's bundled offerings as a percentage of fees collected from Sprint for basic navigation services and from mobile advertising and mobile commerce revenue generated thereon. The term of the agreement remains unchanged and expires in July 2014. However, financial terms with respect to Sprint bundled offerings will expire in concert with the expiration of TeleNav's agreement with Sprint for these services. The amendments to the agreement are retroactively effective as of August 1, 2010. For the first quarter, TeleNav continues to expect GAAP net income of $10 million or $0.22 per share, non-GAAP net income of $11 million or $0.23 per share, and total revenue of about $50 million. For fiscal year 2011, TeleNav anticipates GAAP net income of $23 million to $25 million, or $0.50 to $0.55 per share, and non-GAAP net income of $25 million to $27 million, or $0.55 to $0.60 per share. Total revenue is expected to be about $180 million to $185 million.
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| Halo: Reach Invasion mode Forge guide - Joystiq Posted: 20 Sep 2010 05:14 PM PDT Having a tough time designing Halo: Reach Invasion variants in the game's expanded Forge utility? Yeah, us too -- that is, until we read Bungie's handy little guide for budding modders, which breaks down the process of creating an Invasion map from start to finish. The guide provides the know-how for setting up CTF and Assault-based objectives (and a host of other options), in addition to the 4-1-1 on creating multiple objectives in each phase of your custom Invasion game. If knowledge is power, then this guide is the equivalent of hooking up your brain to a car battery. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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