20th Century Fox has been working on a deal that would have seen it purchase time Warner. That purchase deal has now fallen through as Fox has withdrawn its plans to purchase Time Warner. The announcement was made Tuesday and has sent shares of Time Warner stock tumbling 11% in trading.
Word of the potential purchase surfaced in June and the expectation was that Fox would make a higher bid than the $85 per share that had been offered. News of the offer sent shares of Time Warner stock trading above that $85 per share offer at the time.
A source had said previously that Fox would not offer more than the $90 to $95 range. Fox did announce a $6 billion share buyback program to help sooth disappointed shareholders. The move has sent shares in Fox up by 7% in trading.
Things are continuing to look bleak for Microsoft and its surface tablet business. Microsoft lost money again on surface tablets in its recently wrapped fiscal 2014 year with losses totaling $1.7 billion. Microsoft announced that its Surface revenue was $409 million for the quarter ending June 30.
However, Microsoft failed to announce a crucial piece of information, the cost of the revenue for Surface needed to figure out profit. However, data was given that allows analysts to estimate the costs for Surface. Computerworld figures that Microsoft's Surface costs for the quarter that ended in June were $772 million.
That means a loss of $363 million in the quarter for Surface. Some of the money in the cost of revenue calculation was from a write-off to cover the cost of designing and producing an unspecified number of Surface Mini tablets. Microsoft reportedly produced a Surface mini and decided at the last minute to not release the tablet. The number shows that Microsoft lost a total of $676 million for fiscal 2014.
SpaceX has become a big name in the modern space race with a contract to send supplies to the ISS with NASA and the company sells its services to put satellites into orbit. SpaceX has announced that it is set to build a new launch facility in southern Texas where it will launch its Falcon 9 rockets in the future.
Texas was chosen in part because the state offered $15.3 million in incentives to a location on the gulf coast east of Brownsville. The location is near Boca Chica Beach and is only a few miles away from the US-Mexico border.
Texas plans to offer $2.3 million from the Texas Enterprise Fund and another $13 million from the Spaceport Trust Fund to pay for infrastructure development. SpaceX plans to spend $85 million in the area and create 300 jobs. The launch site could eventually be a location where astronauts head into space and to the ISS.
Flash Memory Summit 2014 - Today we sat down with Kevin Conley at FMS 2014. Kevin is just back from a trip but still made time to swing by to chat about new client and enterprise solutions coming from SanDisk. We've all ready about the new Extreme Pro SSDs available now in 256GB, 480GB and 960GB capacity sizes.
[Editors Note: TweakTown and SanDisk will give away an Extreme Pro 960GB SSD]
Flash Memory Summit 2014 - Kent Smith from LSI's Accelerated Solutions Division sits down with TweakTown to cover a wide range of topics.
Kent touched on a number of topics in the video including TweakTown's flash testing methods, the Seagate acquisition, extracting more data out of flash and SF3700.
Back in 2004, the European Space Agency launched a spacecraft called Rosetta that had a mission to meet up with a comet and land on its surface. The comet that was the target for the mission is called 67P/CG and after a decade of traveling through space, Rosetta has entered the gravitational pull of the comet.
Rosetta is set to land on the surface of the comet in November. When Rosetta is ready to start the next phase of the mission, it will fire an explosive harpoon into the surface of the comet to send the Philae lander down to the surface of the comet.
Mission controllers are putting the spacecraft into a series of triangular paths around the comet that will each take 3-4 days to complete. The goal is to gather all the data possible so we can learn more about comets.
Flash Memory Summit 2014 - Enmotus stopped by to brief us on their Storage MicroVirtualization and MicroTiering data storage solution. The FuzeDrive software takes a new approach to combining the speed of flash with the capacity of HDDs. Users can install any SSD of their choice, be it m.2, PCIe, SATA, or SAS, and use it to accelerate the underlying HDD storage. Thee Enmotus software intelligently analyzes the data patterns and decides which data to promote to the flash storage. The software works at the block level, so users can still leverage RAID configurations to provide HA capabilities.
One of the immediate benefits is that users get to actually use the capacity of the flash device installed in their system, and of course the speed of the system is increased almost immediately. Enmotus is also working on a collaboration with Viking to work with their NVDIMM technology, which should enable even more expansive data acceleration possibilities. We will be including a video of a working demo, so stay tuned to these pages for an update.
FMS 2014 - Flash Memory Summit 2014 is underway, with LSI teasing its SandForce 3700 controller and its mixed 80/20 (read/write) workload performance, at up to a huge 1.3GB/sec on a native PCIe interface.
This achievement was made possible using the integrated SHIELD error correction with hard and soft LDPC and DSP technology, which works together to provide the associated endurance requirements. The SF3700 controller is built for, and optimized for bi-directional PCIe traffic, which drives the performance up much higher than competing flash controllers. This makes the SF3700 a great choice for enterprise storage.
LSI's Vice President of Marketing, Flash Components Division, Thad Omura, explains: "Flash storage solutions used for client computing, big data, and hyperscale enterprises are continuing to grow at unprecedented levels, driving the need for more advanced flash controllers to manage these data-intensive environments. The SF3700 is the ideal-building block for next-generation storage solutions with its full-duplex architecture. Both enterprise and client applications will benefit from our proprietary LDPC engine which enables customers to significantly extend NAND flash life by dynamically balancing performance and reliability with minimal latency".
Flash Memory Summit 2014 - NVMe has been a popular topic on our pages of late, with our initial article 'Defining NVMe - Hands-on testing with the 1.6TB Intel P3700 SSD' taking an in-depth look at the NVMe specification as a whole, and some included test data that helps highlight the improvements NVMe brings to the table. We followed this with our full evaluation of the first NVMe SSD in the retail space in our 'Intel SSD DC P3700 1.6TB PCIe NVMe Enterprise Review'.
The UNH-IOL (University of New Hampshire InterOperability Lab) tests and certifies NVMe devices for all major vendors. NVMe is a huge topic at the Flash Memory Summit as we see the initial products come to market, and the senior engineer, David Woolf, sat down with us to cover the latest developments.
The UNH-IOL lab is already busy, and with future plug-fests and more products from multiple vendors in the pipeline they will likely bee busy for the next few years ensuring that the future of storage technology works right the first time.
A few years back there were multiple mid-size trucks on the market with Ford, Chevy, Toyota, and Nissan all offering trucks in the segment. Not too long ago Chevy and Ford both dropped their mid-size trucks while Toyota and Nissan went on selling theirs. Chevy is ready to bring its mid-size Colorado truck back to the US and has announced the starting price for the vehicle.
The 2015 Colorado will start at $20,995 including a 200hp 2.5L 4-cylinder engine and 6-speed manual transmission. That base level trim will have power windows, a rear camera, and a locking tailgate as well. Pricing for the small truck goes up significantly from there.
The Colorado LT crew cab will start at $27,985 while the top of the line Colorado Z71 crew cab 4x4 will start at $34,990. All of the higher-end versions of the truck will use a 305hp 3.6L V6 and 6-speed automatic.