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Software glitch causes financial services firm Knight Capital $440 million in just 45 minutes

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 3, 2012 9:28 am

All it took was 45 minutes for financial services firm Knight Capital to lose an astonishing $440 million on Wednesday, the money was lost during a newly-installed trading piece of software was installed, and it went wrong, very wrong.

 

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$440 million represents nearly double the company's second quarter revenue, and could be enough to see the firm head into an unescapable downward spiral. Automated high-speed trading on the stock market seems to have caused the company this massive problem, but how does it seem to happen so easily? Well, according to the New York Times, Knight Capital "accidentally sold all of the stocks it bought on Wednesday morning":

 

The problem on Wednesday led the firm's computers to rapidly buy and sell millions of shares in over a hundred stocks for about 45 minutes after the markets opened. Those trades pushed the value of many stocks up, and the company's losses appear to have occurred when it had to sell the overvalued shares back into the market at a lower price.

Continue reading 'Software glitch causes financial services firm Knight Capital $440 million in just 45 minutes' (full post)

iPad numbers are insane, currently taking on Samsung 7-to-1 in Q2 2012 shipments

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 3, 2012 8:28 am

Research firm Strategy Analytics have some interesting numbers out, where it shows that Apple still have complete and utter dominance when it comes to the tablet market, with 68% of shipments secured by the Cupertino-based company for Q2 2012.

 

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Google's Android platform scooped up 29% of the remaining share. IDC have also released their own estimates of tablet shipments for the same quarter, with their estimates similar to those from Strategy Analytics, with estimates of 25 million tablets shipped, and 68% share for Apple's iPad. IDC breaks these numbers down by manufacturer, instead of platform.

Continue reading 'iPad numbers are insane, currently taking on Samsung 7-to-1 in Q2 2012 shipments' (full post)

Microsoft inks deal with Honeywell, covers their Android devices under their patent portfolio

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 3, 2012 7:31 am

Microsoft have just announced that they've inked an intellectual property (IP) deal with Honeywell, adding them to their ever-growing list of third parties who have to pay to use its software. Microsoft said in a statement:

 

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We are pleased to have reached a patent agreement with Honeywell covering its Android devices under Microsoft's worldwide patent portfolio. Through this agreement Honeywell joins Microsoft's Android patent licensing program and demonstrates its responsible approach to the management of intellectual property.

 

This deal includes mentions of Chrome OS and Android, and now Microsoft has been quite effective in bringing Android OEMs into agreements that see the company collecting fees. It's not known whether all companies pay a per-unit cost, but at the end of the day they're having to hand over cash to Microsoft, or grab the closest lawyer.

 

Microsoft have recently talked of having over 70% of the Android OEM smartphone market as part of their licensing deal network, and now they've just added Honeywell to this list, and not so long ago, Pegatron. This deal stands out as it seems preemptive, as Honeywell only launched their first Android-based phone just hours ago.

Apple to build new data center in Nevada, will receive $89 million in tax breaks

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 3, 2012 6:34 am

Apple's proposed new data center has been approved by the Nevada Board of Economic Development, where they've offered the Cupertino-based company $89 million in tax breaks to do so. Apple has planned to build a 350-acre data center east of Sparks that would employ at least 35 full-time workers, and up to 200 contract workers.

 

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Apple will also build a purchasing and business center in downtime Reno, with analysts estimating that the projects could generate a combined $340 million in economic activity over the next 10 years. In June, Washoe County and the city of Reno also agreed to grant Apple tax breaks.

 

Apple will receive an 85% tax break on its personal property taxes in Washoe County and Reno will offer Apple 75% of its share of sales taxes for the proposed downtown business center. Apple, in exchange for the incentives, will invest $1 billion in the region over the next decade, which can be extended for 20 additional years.

Nixeus unveils new 27" Vue monitor, 2560x1440 res, S-IPS panel and just $430

By: Anthony Garreffa | More News: Displays & Projectors | Posted: Aug 3, 2012 5:33 am

I haven't heard of Nixeus until today, but they're a company who make media players and HDMI cables, and have now stretched out into the high-resolution world of monitors. Nixeus' Vue is the latest 27-inch screen to sport the resolution of 2560x1440.

 

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Vue is based on LG's S-IPS panel, with the aforementioned 2560x1440 resolution, 320cd/m2 brightness, and 1,500:1 contrast ratio. Filling out the specs, we find 6ms grey-to-grey, and a 178-degree viewing angle.

 

In the form of ports, you can expect VGA, HDMI 1.4, DVI-D and DisplayPort 1.2. 2560x1400 is provided by all connectors but VGA. Nixeus' Vue also supports portrait orientation, for you know, three of these bad boys side-by-side. Nixeus' Vue is due out on August 21, and will sell for just $430.

The OverClocker Issue 20 is now available

By: Anthony Garreffa | More News: Internet & Websites | Posted: Aug 3, 2012 4:46 am

Issue 20 of The OverClocker is now out, for your viewing pleasure. This month's issue has a great 8-page feature covering Computex 2012, and much, much more. Another stand-out feature of the issue is Kingpin's Z77 LN2 guide.

 

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There's also a one-on-one with overclocker Hondacity. There's also a bunch of reviews, with Issue 20 of The OverClocker covering ASUS' Maximus V Extreme, Plextor M3 Pro 256GB SSD, GIGABYTE's Z77X-UD3H, and MSI's R7970 Lightning card.

 

There's plenty more, as well as a review of slow-mo third-person shooter Max Payne 3, Corsair's Vengeance 2000 and more. Be sure to check it out right here.

Activision Blizzard have sold 10 million copies of Diablo III

By: Anthony Garreffa | More News: Gaming | Posted: Aug 3, 2012 4:32 am

According to Activision Blizzard's recently quarterly report, the powerhouse developer earned $1.1 billion in net revenue for the second fiscal quarter and a total of $2.2 billion for the first six months of the fiscal year.

 

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These numbers were boosted by the huge sales of Diablo III, which saw 10 million copies sold and counting. 10 million copies is only until June 30, and there are sure to be more to come. This has made it "the #1 best-selling PC game in North America and Europe for the first six months of 2012".

 

Activision Blizzard also gave credit to other titles, such as Call of Duty: Modern Warfare 3, and Skylanders: Spyro's Adventure. All three of these games became "the top three best-selling games in North America and Europe", for the same period of time. Whilst these three games saw some insanely good numbers and praise, Blizzard's other game, World of Warcraft, did not.

 

WoW saw subscription revenues drop in both the last quarter, and the first six months of the fiscal year compared to the same time last year. Blizzard have blamed the drop in players on "the successful launch of Diablo III".

Jay Z to be an 'executive producer' on NBA 2K13

By: Anthony Garreffa | More News: Gaming | Posted: Aug 3, 2012 3:28 am

Jay Z is a multi-tasker, he releases albums, clothing, runs a club, is married to Beyonce, where they've just had a child, and now, he's looking to expand into gaming. 2K Sports have just announced that Jay Z will step up to the plate as an executive producer on NBA 2K13.

 

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2K have promised that Jay Z will deliver his "artistic vision and style" to the basketball video game, including visual elements, and the soundtrack. NBA 2K13 will feature 24 tracks, with some of them from the man himself.

 

His involvement is said to not impact the core gameplay at all, and 2K's press release has called this a "unique fusion of basketball, music, art, and entertainment". What do you think? What can Jay Z bring to the basketball video gaming world?

Multiple user accounts could be coming to Android soon

By: Anthony Garreffa | More News: Operating Systems | Posted: Aug 3, 2012 2:24 am

This is one thing that really upsets me, in this technologically-driven age we live in, why do tablets and smartphones not feature the ability to include multiple users? I'd love for my iPad to have a 'login screen', where I can select myself and have the iPad set out how I want. Then, if my wife, or a guest wanted to use it, they would use an appropriate account.

 

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But, it looks like this might come to Android first, and I can't be anymore excited. According to a report from Android Police, "miles of code" for multiple user accounts has already been written into the Android source code. Better yet, it looks as if lock screen information, installed applications, running applications, application data, default applications, home screen widgets, accounts, syncing and language settings are already separated for multiple users.

 

Google supposedly began work on the multiple user account feature more than a year ago, and maybe this will be the selling point of Android 4.2 "Key Lime Pie".

Microsoft dumps "Metro" name, now calls it "Windows 8-style UI", escapes trademark dispute

By: Anthony Garreffa | More News: Operating Systems | Posted: Aug 3, 2012 2:09 am

Well, Microsoft is having quite the week, aren't they? First they hit the Release to Manufacturing state for Windows 8, meaning that is is finished and shipped off for mass duplication. Then, just hours ago, we reported that an 'N' version of Windows 8 RTM had hit file sharing sites, and now the company is having to fight off rumors of a possible trademark infringement for the use of the word "Metro" for their user interface in Windows 8, according to a piece over at Ars Technica.

 

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I stumbled over it, and first thought it was a joke, but realised that I was fooling myself. Sources have told Ars that Metro is now dead after the company's Legal and Corporate Affairs team sent out a memo banning the word "Metro". LCA's memo reportedly said that Microsoft had been threatened with legal action for infringing on "Metro" trademarks that are held by German retailer Metro AG.

Continue reading 'Microsoft dumps "Metro" name, now calls it "Windows 8-style UI", escapes trademark dispute' (full post)

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