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TweakTown News Posts - Page 2131

Nintendo's Wii Mini set to arrive in the USA later this month

By: Charles Gantt | More News: Gaming Consoles | Posted: Nov 5, 2013 3:30 am

Nintendo announced this morning that it will be releases its Wii Mini Console to the US in November. The Wii Mini strips away online functionality as well as other features, and allows fans of the system to play the Wii's vast library of games without the need to purchase a Wii U console.




The US bundle will include a red Wii Remote, and Nunchuck and a copy of Mario Kart Wii. This does mean that users will have to race against the console or others in their home since online gameplay has been stripped from the console. In my opinion, it would be much more beneficial to pick up a used Wii console for $100 and be able to play the same games online, but there must be a market out there for such a device or Nintendo would not have released it. What do you think about the Wii Mini? Let us know in the comments.

The first Steam Machine prototype looks sleek and sexy

By: Anthony Garreffa | More News: Gaming Consoles | Posted: Nov 5, 2013 3:22 am

Valve has shown off its first Steam Machine to The Verge, which featured a Core i7 processor and NVIDIA GeForce GTX TITAN GPU. Not too badly specced for a prototype if you ask me, especially considering the size of the thing... with a TITAN GPU rocking along inside of it.




You can read more on it here, but the biggest news here is that we will hear first hand at CES 2014 in just two months time the proper Steam Machines from Valve's hardware and software partners. We'll also know which games will shift over to the Linux-based Steam OS which will be another interesting and exciting part of the show.




The box you see above is just one of many Steam Machines we'll see, with the Valve team stating: "You can get far smaller, and that's what many OEMs are doing... I think it's safe to say less than a quarter of the size."

IBM files patent lawsuit against Twitter days before IPO

By: Charles Gantt | More News: Business, Financial & Legal | Posted: Nov 5, 2013 2:30 am

With Twitter just days away from its Initial Public Offering, tech powerhouse IBM has threatened to filed a patent infringement lawsuit against the social networking service. Before heading off to the court system, IBM has offered Twitter a shot at a "business resolution," which most likely equates to an expensive licensing deal.




IMB says that Twitter is infringing on three of its patents including: U.S. Patent No. 6,957,224: Efficient retrieval of uniform resource locators, U.S. Patent No. 7,072,849: Method for presenting advertising in an interactive service and U.S. Patent No. 7,099,862: Programmatic discovery of common contacts. These patents are all very broad in what they actually cover, and represent exactly what is wrong with the US Patent system.


In a statement Twitter had the following to say. "Based upon our preliminary review of these patents, we believe we have meritorious defenses to IBM's allegations, although there can be no assurance that we will be successful in defending against these allegations or reaching a business resolution that is satisfactory to us."

Twitter raises its IPO price to $23-$25 ahead of Thursday's launch

By: Charles Gantt | More News: Social Networking | Posted: Nov 5, 2013 12:38 am

Twitter's Initial Public Offering (IPO) is fast approaching and is scheduled to kick off this Thursday, November 7th, and the company could offer as many as 80.5 million shares. This morning the company announced that ahead of the IPO, it has raised the per share price to $23 to $25 per share.




If the company does offer 80.5 million shares instead of the 70.5 it initially filled for, it could raise more than $2 billion in just a few days. Twitter will finalize everything Wednesday night and trading will open Thursday morning. Let's hope that this IPO turns out better than Facebooks IPO last year, and investors begin seeing returns much faster than they did with Facebook.

LeakedTT: Nokia's Lumia 525 gets shown off in newly leaked images

By: Charles Gantt | More News: Mobile Devices, Tablets & Phones | Posted: Nov 4, 2013 11:09 pm

Nokia fans will be happy to hear that there is at least one more Nokia branded Lumia coming down the pipes before Microsoft completes its acquisition. The new Nokia Lumia 525 has just been leaked via the Chinese certification agency TENAA, and other than hardware updates, it appears to look just like the Lumia 520.




If rumors are true, the 525 will feature a dual-core Qualcomm processor, 1GB of RAM and a 5-megapixel rear camera. Other rumors are suggesting that the device will be based around portable music and will feature pre-installed apps to facilitate music streaming. If this is truly the successor to the popular Lumia 520, Nokia / Microsoft can expect to see a major boost in sales in 2014.


The Lumia 520 is the best selling Windows Phone from Nokia with more than a 23-percent market share of all Windows Phones sold. That equates to more than 2 million Lumia 520s sold since its release based on the 8.8 million Lumia devices Nokia says it has sold. Pricing and availability have not yet been announced, and it is still unclear when Nokia might launch the device.

OCZ stock rebounds slightly before falling again as markets close

By: Charles Gantt | More News: Storage | Posted: Nov 4, 2013 9:40 pm

Earlier today, I reported on OCZ's stock taking a nosedive earlier today which saw the stock dip by almost 40-percent. While company stocks rising and falling is the nature of the stock exchange, it is quite unusual for a company to not release a statement in times of extreme fluctuations such as what OCZ saw today, and we are left wondering what is going on.




"OCZ has been dogged by liquidity/solvency fears for some time. The company ended its August quarter with just $10.6m in cash, in spite of raising $13.1M during the quarter. It has also declined to provide November quarter guidance, citing "uncertainties in being able to procure forecasted flash amounts and credit constraints," read an email alert from investor advisement website, Seeking Alpha.


While it is still unclear what is going on, we do know that OCZ is in the midst of major financial troubles and todays dip represents a new 52 week low for the SSD manufacturer. The dip down to $0.65 per share equates to more than 6x OCZ's daily average and the only thing I see happening from this is the company filing bankruptcy within the next week or two. I have dispatched an email to OCZ requesting a comment on today's market decline and have yet to receive a reply, I will update this post if and when more information comes in.

Amazon set to release its first original series on November 15th

By: Charles Gantt | More News: HT & Movies | Posted: Nov 4, 2013 9:25 pm

Amazon is looking to take its Prime service to the next level and will do so by launching its first original content next Friday, November 15th. The show is named "Alpha House," and will consist of three initial episodes which will be released to the public, with the remaining 8 episodes requiring an Amazon Prime subscription to view.




The same business model will apply to the company's second series titled "Betas" which will launch a week later. Unfortunately, unlike Netflix which releases all of its series episode's at once, Amazon will take a more traditional approach and release the remaining 8 episodes for both series on a weekly basis. Amazon is banking on the new original series to be a hit and has green-lighted three more original series to begin development as well. How do you feel about companies like Amazon, Netflix, and Hulu developing their own shows which you need to subscribe to to see? Let us know in the comments.

Motorola launches teaser site for the Moto G, will launch on Nov 13th

By: Charles Gantt | More News: Mobile Devices, Tablets & Phones | Posted: Nov 4, 2013 8:13 pm

When Motorola first trademarked the Moto G name, everyone thought that it would be the company's first smartwatch based off of Motorola's Gem prototype. Unfortunately rumors have surfaced that the Moto G is actually a cheaper, and slightly less performing version of the company's flagship smartphone the Moto X.




Today Motorola launched a new teaser site that does very little to clue us in on what exactly the Moto G is, but there are pretty animation of what appears to be a Motorola connected world. If the rumors do turn out to be true, then the Moto G will feature a 4.5-inch screen, a Qualcomm processor clocked at 1.2GHz, and 8GB of onboard memory. Android 4.4 "KitKat" will be present and the phone will showcase the power of 4.4 on less powerful devices. As for pricing, with the Moto X recently being dropped to $100, we should expect to see the G retail on contract for between $59 and $79.

OCZ stock tanking, down 22% today already, trading below $0.90

By: Charles Gantt | More News: BREAKING STORY | Posted: Nov 4, 2013 5:30 pm

OCZ may have finally came to the end of its journey as a maker of SSDs if this mornings stock trading is any indication. Soon after the markets opened on Monday, OCZ began to see its stock price began to sharply decline from its opening price of $1.07 to just over $0.80 at the time of this writing.




It appears that investors have lost all confidence in OCZ after almost a year of poor performance numbers, high operational cost, and financial woes. OCZ has a monthly overhead of more than $2 million and that is before it pays its employee salaries. You might recall earlier this year when the NASDAQ threatened to Delist OCZ from its index after the company failed to disclose financial earnings. Is this the end of OCZ, or will the stock rebound before the close of trading today? Stay tuned to TweakTown for the latest breaking information on OCZ and all of the happenings in the tech world.

BlackBerry off the market as CEO Thorsten Heins steps down

By: Charles Gantt | More News: Business, Financial & Legal | Posted: Nov 4, 2013 4:06 pm

It appears that the long saga of BlackBerry's demise is over and the end result is not a failed company, or a new handset OEM resulting from a buyout. Instead, BlackBerry has taken itself off of the market and has received a $1 billion investment from Fairfax Holdings, the company which failed to raise $4.7 billion to buy BlackBerry earlier this year.




Along with this morning's announcement, BlackBerry said that its CEO, Thorsten Heins, will be stepping down after almost two years at the reigns. Heins will be replaced by Interim CEO, John S. Chen, who previously served as chairman and CEO of Sybase, Inc before it was acquired by another company in 2010. Todays announcements have done little to impress investors though as BlackBerry's stock is trading at $6.55 after a high of $8 last week.


"Today's announcement represents a significant vote of confidence in BlackBerry and its future by this group of preeminent, long-term investors," said Barbara Stymiest, Chair of BlackBerry's Board. "The BlackBerry Board conducted a thorough review of strategic alternatives and pursued the course of action that it concluded is in the best interests of BlackBerry and its constituents, including its shareholders. This financing provides an immediate cash injection on terms favorable to BlackBerry, enhancing our substantial cash position. Some of the most important customers in the world rely on BlackBerry and we are implementing the changes necessary to strengthen the company and ensure we remain a strong and innovative partner for their needs."