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TweakTown News Posts - Page 2260

Google announce stock split, lets co-founders maintain control

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 13, 2012 4:23 am

Google have just announced a plan in which we'll see the company split its stock in an effort to preserve its corporate governance, and still give co-founders Sergey Brin and Larry Page control of the company. This will create a 2-for-1 stock split, where Google have said it will create a new class of stock, Class C, that won't sport any voting power.

 

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Any share holders of Google with Class A or Class B stock will automatically receive a share of the new Class S stock. This new class of shares will trade under a different ticker symbol. This new deal is said to preserve the voting power of Google co-founders. The stock proposal was announced as Google reported a first-quarter profit of $2.89 billion, or $8.75 a share, from $1.8 billion, or $5.51 a share, twelve months ago.

 

Excluding one-time charges and other items, Google's profits sat at $3.33 billion, or $10.08 per share, compared to last years $2.64 billion or $8.08 per share. Google easily beat Wall Street estimates which pegged them at $9.65 per share. Revenue-wise they were not too bad at all, hitting $10.65 billion, a 24-percent increase over $8.58 billion year-over-year. After backing out traffic acquisition costs, revenue amounted to $8.14 billion, missing Wall Street expectations by a slither, pegged at $8.15 billion.

Continue reading 'Google announce stock split, lets co-founders maintain control' (full post)

"One Sony", a new strategy for Sony from newly-appointed CEO Kaz Hirai

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 13, 2012 3:24 am

Sony have been struggling over the years, and much more so in the last year or so. We know this, and with newly-appointed CEO Kaz Hirai steering the ship that is Sony, they are now hoping a new set of initiatives designed to revitalize the sluggish business will help. The new strategy is called "One Sony".

 

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One Sony is said to focus on games, mobile and digital imaging in an effort to generate roughly 70-percent of Sony's total sales from these three divisions. Hirai's first big move is One Sony, and from his previous position within the PlayStation division of Sony, he is adding new titles to their downloadable catalog for the PlayStation Vita as well as the PlayStation 3, and will also improve subscription services on the PlayStation Network.

 

On top of this, the company is preparing better games for their tablet lineup and Vaio-based devices, as well as leveraging their accessories and peripherals market. Sony hopes to generate revenue of around $12.4 billion through gaming by fiscal 2014.

 

In the digital imaging market, Sony hopes to reinforce its development of image sensors, signal processing technologies, lenses and other key digital imaging technologies and leverage them in both its consumer products and broadcast/professional equipment. Sony are also talking of restructuring their television industry, and are said to be looking into expanding business into emerging markets like Mexico and India.

Max Payne 3 - Bullet Time trailer

By: Anthony Garreffa | More News: Gaming | Posted: Apr 13, 2012 3:06 am

Max Payne 3 is nearly upon us, and today the developers have decided to tease us with a new trailer showing off Max's signature Bullet Time. If you're not aware, Max can enter Bullet Time, which is exactly the same type of thing that was featured in not only the movie The Matrix, but the previous two Max Payne titles.

 

 

The trailer shows off various methods of using it, with various different styles of moves, and guns being used whilst in the slow-mo glory. The new trailer doesn't show off too much of the game, but we do get to see some of the environments, etc.

 

I do wish that we could get a demo of the game first, especially since it was a PC-exclusive with the original two games and only hit consoles a few years later. This new game looks OK, but not mind-blowing. This doesn't mean I'm not excited for it. But, because I'm based in Australia, I have to wait until June 2 to buy it, and at AUD$90, too. Bit of a slow-mo kick to the balls if you ask me.

Continue reading 'Max Payne 3 - Bullet Time trailer' (full post)

Raspberry Pi is nearly no longer a dream, shipments are imminent

By: Anthony Garreffa | More News: Mobile Devices, Tablets & Phones | Posted: Apr 13, 2012 2:16 am

After a handful of delays, the $25 Raspberry Pi system is expected to ship very shortly. Some customers are already receiving e-mail alerts telling them that shipment of the devices is imminent. This means that lucky customers will get the Model B version of Raspberry Pi, but there are others complaining that they're having issues using their e-mailed voucher codes.

 

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The problem is the amount of customers demands of the unit, rushing to complete their order has crashed the website. E-mailed voucher codes are being distributed in the order in which they were received, which is said to stagger customer arrival on the order RS Components site. What some people are doing, is jumping on the site without their e-mailed voucher code, which is causing more problems.

 

The device should hit users door steps over the next week or so, with the Model B ($35 version) sold out of its pre-order stock, with the cheaper $25 Model A version not yet in production. The cheaper version drops two USB ports as well as its Ethernet connectivity.

Facebook's Mark Zuckerberg made his offer to purchase Instagram, had deal wrapped up in 48 hours

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 13, 2012 1:11 am

When Facebook had announced they purchased Instagram for $1 billion, I was shocked, but not so shocked all at the same time. I had realised how popular Instagram was, and would get, but $1 billion from a company as powerful, as influential as Facebook? Just strange. Unless you wanted a ready-made, photo-sharing application and its creators, IP and everything else, so that your competition, Google and Twitter, couldn't scoop the opportunity before you could.

 

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It's being reported that Facebook CEO Mark Zuckerberg had called Instagram co-creator Kevin Systrom just after Instagram had secured $50 million in venture capitalist funding last Thursday, which pegged its value at $500 million. Zuckerberg called Systrom making his offer known, and by the end of the weekend Facebook acquired Instagram for double their pegged value.

 

How did Facebook make the deal so quickly? Well, Zuckerberg has majority voting power, where his Class B shares equate to over 57-percent. This makes his decisions kinda final, and his influence over them quite powerful. Most of his suggested plans would go through, unless he had a change of heart or a deliberate abstention from the voting process itself.

Stuxnet worm was loaded by Iran double agents

By: Trace Hagan | More News: Hacking & Security | Posted: Apr 12, 2012 11:31 pm

Back in June, 2010, the Iranian nuclear program was hit with a massive work that caused the setback at one of the nuclear refinement factories. No one really knew how the virus got into the nuclear factory, but most speculated that it was a government operation. It has now come to light that the virus was implanted by an Israeli proxy who used a corrupt "memory stick.32."

 

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Former and serving US intelligence officials stated that these proxies have been instrumental in assassinating Iran's nuclear scientists to continue to delay the Iranian nuclear program. These same sources said that they most likely used a person on the ground, an insider, to target weak spots of the system, rather than wait for the program to spread.

 

In addition to this virus, Israel has been doing targeted killings of Iranian nuclear scientists for 10 years. This has been a completely separate operation without any US involvement. The Stuxnet worm, however, was a joint US-Israel effort. This just continues to show that the easiest way to hack a system is to have physical access.

Boeing to launch super secure Android phone, hopes it takes off

By: Trace Hagan | More News: Mobile Devices, Tablets & Phones | Posted: Apr 12, 2012 10:31 pm

Apparently it's not enough for Boeing to make planes, helicopters, and satellites because they have now announced they will be moving into an additional market. Yes, that's right, Boeing is planning on making an Android-based cell phone. Reports are circulating that Boeing is currently working a super-secure Android-based smartphone.

 

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Boeing President Roger Krone declined to go into specifics when it came to the device's hardware or release date. It is, however, nearing the end of its development cycle the CEO notes. It would appear that the device has been in the works for a while now, so it's doubtful that the hardware is competitive. Don't expect anything past Gingerbread or Froyo.

 

I'm assuming you have already guessed that this phone won't exactly be available at your local electronics shop. Most of their competitors charge a five-figure amount for their secure phones. Boeing plans to release this phone at a much lower price which should make the government accountants happy.

APM's Marketplace takes a look at how the iPad is made and who builds it

By: Trace Hagan | More News: Mobile Devices, Tablets & Phones | Posted: Apr 12, 2012 9:36 pm

It's not everyday that someone gets to tour the factory where the iPad is made. Often it is reserved for Tim Cook, Apple's CEO, or Bill Weir of Nightline. Thanks to American Public Media's Marketplace, we can now all take a peek inside the factory and see where one of Apple's hottest gadgets gets made.

 

 

"When I gave examples of some of the American media coverage of the working conditions at Foxconn, many workers laughed, telling me it's not really that bad" Schmitz wrote. "But that doesn't mean the workers don't have complaints." Schmitz is partially responsible for debunking Daisey's "theatrical" version of what happens in the Foxconn plants.

 

"The first misconception I had about Foxconn's Longhua facility in the city of Shenzhen was that I've always called it a 'factory' -- technically, it is," Schmitz wrote. "But after you enter the gates and walk around, you quickly realize that it's also a city -- 240,000 people work here. Nearly 50,000 of them live on campus in shared dorm rooms."

 

So take this unique chance to take a gander inside the factory where the iPad is made. See it being built and tested. Watch the video above.

RumorTT: AMD preps price cuts across its HD7000 series

By: Trace Hagan | More News: Video Cards | Posted: Apr 12, 2012 8:34 pm

We previously posted regarding how it was unlikely that AMD would be implimenting any price drops on its HD 7000 series GPUs for a couple of reasons. Now KitGuru is reporting that they got a call from an insider and is claiming that AMD is preparing price drops from the 7970 down to the 7770.

 

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The 7970 is AMD's current flagship card. At top overclocks it can compete toe-to-toe with the GTX 680. It currently, however, is priced around $50 more than the competitor. It is set to drop in price by up to $60. The 7950 is set to drop around $55 which will move it into a price zone that is a fair bit less than the GTX680. Nvidia still has nothing for that price spot.

 

The drops are supposed to continue all the way down the to 7770 which is set to receive a drop of around $15. Obviously, none of this is set in stone and could change over the next couple of weeks before these occur. Prices on the shelves could take a bit of time after the price drops for board partners.

Intel shows off hybrid Ultrabook with sliding design at IDF Beijing

By: Trace Hagan | More News: Laptops | Posted: Apr 12, 2012 7:28 pm

Intel just finished IDF Beijing and presented some pretty innovative designs at the event. Intel has never been one to shy away from at least trying some innovative designs. At this IDF, Intel presented a new hybrid Ultrabook dubbed the Letexo. Not quite sure what a hybrid Ultrabook is? Well, it is a convertible notebook design.

 

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The Letexo can be a regular Ultrabook with a touchscreen or you can pull the screen forward into a touch-enabled all-in-one PC. The part that I think will have serious consumer appeal is that the Letexo can convert into a tablet with the screen going flush into the chassis. The only for sure part of this is that it is based on Ivy Bridge. There is no note of whether anyone has jumped on board with the design.

Continue reading 'Intel shows off hybrid Ultrabook with sliding design at IDF Beijing' (full post)

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