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Rovio Entertainment are preparing IPO for 2013, analysts peg their value at $9 billion

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: May 8, 2012 3:26 am

The creator behind the immensely popular 'Angry Birds', Rovio Entertainment, are looking to go public in 2013. The company is looking at an initial public offering (IPO) in 2013, in either New York or Hong Kong. What would you think Rovio is worth? Well, analysts pin them being valued at a very respectable $9 billion.




With the popularity seeming to never end with Angry Birds, the IPO should go very well. Angry Birds has smashed over 800 million downloads, and sports 200 million active users monthly, this is by the end of 2011. Angry Birds Space launched to huge numbers, hitting 50 million downloads in 35 days which made it the fastest growing mobile game, ever.


Profit-wise, Rovio made $99 in sales last year, and profits before tax was $48 million. Not bad considering 2010's revenue of around $10 million. Mikael Hed, Rovio CEO has said:


2012 looks fantastic. We have had some very strong download numbers over four months.

Seagate nearly ready to unveil its first 12Gbps drive, dubbed Pulsar.2

By: Anthony Garreffa | More News: Storage | Posted: May 8, 2012 2:37 am

It wasn't even a week ago that HGST, a division of Western Digital, announced they were working on a new, super-fast storage drive in the form of a 12Gbps-capable SAS SSD. But, don't think for one minute that rival Seagate weren't waiting for the bell to ring on their oven, where they too were baking their own 12Gbps-capable SSD.




Seagate are preparing to show off their 12Gbps SSD at the SCSI Trade Association technology showcase later this week, where they've teased the name of the new product: Pulsar.2. The Pulsar.2 will sport the same SAS 12Gbps interface, with Seagate aiming the drive toward the server and storage solution market.


There isn't much more information on the drive, but Seagate are making noise about the fact that using SAS 12Gbps drives versus PCI Express-based SSDs allows for better scalability and serviceability. Seagate have also said that the SAS 12Gbps standard should be finalized by the end of 2012, but no products are expected to hit the market until next year, and most likely 2H of 2013. These products are server-grade, and won't hit consumer markets until then. Still nice to dream, though.

LG to launch Google TV-powered Smart TVs on May 21 in the US

By: Anthony Garreffa | More News: Displays & Projectors | Posted: May 8, 2012 2:28 am

We've all seen it before, Google TV, where it launched with the Logitech Revue. It didn't do too well at all, and Logitech in the end pulled out of the market late last year. Google TV is still baked into some Smart TVs, but now we have LG Electronics wanting a new piece of that warm, Google TV pie.




Being the second largest TV maker in the world has its benefits, so LG are launching Google TV-powered Smart TVs in the United States starting on May 21. Ro Seogho, executive vice president of LG's TV business unit said to a small group of reporters:


Production of Google TVs will start from May 17 from our factory in Mexico and U.S. consumers will be able to buy the product from the week of May 21.


Seogho also added that LG would consider launching the Google TV-enabled Smart TV line in Europe and other countries, but that decision hasn't been finalized. LG want to evaluate the performance of the TVs in the US before launching them across the pond. The move is also a preemptive strike against Apple, who are rumored to be in the middle of designing their own "smart" television.

Lenovo investing big in China, plans $800 million for new products plant in China

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: May 8, 2012 1:43 am

Lenovo are planning big investments in China over the next 18 or so months, where they'll be investing $800 million in a new mobile products plant in Wuhan, one of the largest cities in China. The Lenovo Industrial Base will cover research & development, production and sales of smartphones and tablets, with a target opening date of October 2013.




The new plant will service both local and global markets, and is expected to generate around $1.5 billion in revenue by 2014, and the company are hoping to hit $8 billion within five years. Job creation numbers are great, with around 10,000 jobs created over the coming years thanks to the new Wuhan facility.


Lenovo are wanting to grab more mobile market share, and this move will surely help them do so. Lenovo have said in their press release that they are already a top-three smartphone maker in China. Lenovo's K800 smartphone was one of the first devices to feature Intel's Medfield-based processor, which should be the start of something new for Lenovo. On top of this, they're preparing the IdeaTab S2109 with an unspecified processor, a 9.7-inch display, and 1GB of RAM.

Antitrust investigation launched against Google, but by who? The Indian government, that's who

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: May 8, 2012 12:59 am

While Google are busy battling a censorship case with the Indian government, The Wall Street Journal is reporting that the Competition Commission of India is launching an antitrust investigation of Google, where they'll examine the company's alleged "discriminatory and retaliatory practices relating to AdWords".




Where did this all stem from? A complaint filed from Consim Info Pvt. Ltd., who is an Indian web conglomerate which apparently requested that the Competition Commission step in to ensure fair competition in online advertising.


What the investigation is set out to do isn't 100-percent clear, but the commission will start off by taking a look at AdWords and go from there. Google are in for a treat this year, it seems.

Al Franken believes Comcast is breaking net neutrality rules, sends letter to FCC

By: Trace Hagan | More News: Business, Financial & Legal | Posted: May 7, 2012 10:31 pm

Minnesota Senator Al Franken believes that Comcast is breaking its net neutrality agreement that it had to sign to gain approval to merge with NBC Universal. The fear that Franken has resides in the fact that Comcast will not count any direct-to-Xbox streaming against customers' 250GB monthly data cap.




Obviously, Netflix and other internet video providers are upset by this and see it as unfair. They believe it gives Comcast's service an unfair advantage to their own services and that it violates the Net neutrality rules that they had to sign to. These rules prohibit broadband providers from favoring their own content on the open internet over that of their competitors.

Continue reading 'Al Franken believes Comcast is breaking net neutrality rules, sends letter to FCC' (full post)

RumorTT: MacBook Pro to lose optical drive in favor of bigger battery, boot SSD, storage HDD

By: Trace Hagan | More News: Laptops | Posted: May 7, 2012 9:28 pm

Rumors about upcoming Apple products are often some of the most interesting and fun as Apple products are often shrouded in security and hard to pin down any detail. As such, many rumors pop up that aren't true but sound reasonable. This rumor could very well fit into this category, or it could end up being true.




It's important to note that the picture above is a mock-up and not an actual photo of the upcoming MacBook Pro 2012. The rumor we are dealing with today says that Apple will be ditching the optical drive in the next iteration of the MacBook Pro. As Apple has proven the CD-less model works using the MacBook Air, this isn't out of the realm of possibility.


Ditching the optical drive will leave a gaping hole in the chassis, so one might think that the case will get a size reduction similar to the Air. The rumor states that this is wrong and that instead the MacBook Pro will be getting a larger battery along with a second drive. The two drive system would provide one SSD for boot only and a standard HDD for everything else.


A larger battery, somewhere in the neighborhood of 30% more capacity, could provide days of battery life, or support a more pixel-dense display. This rumor seems logical as MacBook Pro users love the larger screen and higher performance processor. The rumor says to expect both of these additions this summer.

Jury finds Google infringed on Oracle IP in partial verdict, Google moves for mistrial

By: Trace Hagan | More News: Business, Financial & Legal | Posted: May 7, 2012 8:36 pm

Ah, yes, that legal battle between Oracle and Google is still going on. In fact, it's only in its first stages. The copyright phase of the trial ended Friday with the jury stating they couldn't reach a unanimous decision on one of the four questions it needed to. Judge Alsup told the jurors to think about it over the weekend.




Unfortunately, this did not help as the jury as it told the court that an "impasse has been reached." The jury then turned in its partial verdict on the three questions that they were able to agree upon. The jury has found that Google did in fact infringe on Oracle's copyrights by copying the structure, sequence, and organization of the code.


They were unable to decide if this use would be covered by fair use. The jury found that Google had not unfairly taken from the documentation associated with the 37 APIs. The jury found Google guilty of infringing by actually copying some specific code from the Java programming language. They were only found guilty on one of the three they were charged with.


Google has moved for a mistrial given the results of this trial. The trial has now shifted to the patent portion of the proceedings, even with the unresolved portions from the copyright phase. Both Oracle and Google are preparing briefs on the matter of whether the SSO was copyrightable. The jury has been instructed to continue as if they were.

Continue reading 'Jury finds Google infringed on Oracle IP in partial verdict, Google moves for mistrial' (full post)

New type of malware, "ransomware," locks up computers unless ransom is paid

By: Trace Hagan | More News: Hacking & Security | Posted: May 7, 2012 7:33 pm

Once again, I get to be the bearer of bad news in order to keep you, our reader, safe. This time I bring news of a new malware that is going around dubbed "ransomware" due to the fact it locks up your computer until you pay the ransom amount demanded. This isn't a completely new idea, but this is a new strain and variation.




This latest campaign is mainly targeting the UK and a few other European countries and claims that illegally downloaded music has been found on the computer. Due to this illegal material, the malware claims that "to unlock your computer and to avoid other legal consequences, your are obligated to pay a release fee of 50 pounds."


The malware was spotted by security watch blog According to them, the malware is delivered through an exploit known as "Blackhole." The ransomware also carries a payload of Aldi Bot which steals banking information. The message to take away here is to keep all your browsers and their add-ons up to date, as this is how Blackhole functions. Anti-virus isn't a bad idea either.

Android reclaims 61% of all US smartphone purchases

By: Trace Hagan | More News: Mobile Devices, Tablets & Phones | Posted: May 7, 2012 6:30 pm

As the war between smartphones and smartphone operating systems wages on, Android marched forward and taken back some ground. Over quarter 4 of last year, Android sales dropped from 61% in Q3 to 49% in Q4 as Apple iPhone sales jumped from 25% to 41% over demand for the 4S. Android has returned to being 61% of all smartphone sales during Q1 2012.




Of course, as one group goes up, others must go down. In this case, Apple has declined from 41% down to only 29%. iOS and Android combined make up 90% of US smartphone sales. Overall, however, smartphones have failed to increase as a portion of overall phone sales. They remain pegged at 66% of all handset sales.


Two out of three people aged 25-34 own a smartphone. Distribution between men and women are generally in a dead heat at around 50%. Android is top in the United States with around 49% market share for last quarter. Apple only has 32% during the same quarter, yet it remains the top smartphone maker.

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