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.
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."
I have to admit, I rent a house that is solar-powered and it is amazing. My bills dropped from around $1600 per quarter to around $30 and I could not be any happier, unless I was pulling power from the moon.
This is exactly what André Broessel, a European architect and engineer has built. A weatherproof harvesting system that can accept power from multiple light sources, including our moon. The liquid-filled glass sphere design not only looks great, but it is able to turn light into heat, meaning it can harvest the rays of our sun, and our moon.
The sphere is made to me mounted on buildings individually, or in arrays, with a computerized control system taking control, tracking available illumination in the day, but it can also track the moon and harness its energy. I'd like one, now.
Android 4.4 KitKat may have just been announced, but the more delicious sounding Jelly Bean (Android 4.1, 4.2 and 4.3) on more than 50% of devices. Just three months ago, it was barely scratching at 40%.
Google has also unveiled that the total number of activated Android devices has finally surpassed one billion devices, quite the amazing milestone. Jelly Bean being on more than 50% of devices is a great thing, as it's finally bringing the Android OS fragmentation issues to an end, something that KitKat should really nail down.
Gingerbread is now on 26.3% of devices, Honeycomb barely exists with 0.1%, Ice Cream Sandwich is still sticking around with 19.8% of the Android OS share and Froyo is still hanging on with 1.7%.
All About Samsung has a new video that shows off Samsung's Z9005 smartphone, which is running the Samsung/Intel-developed Tizen OS. We get to have an in-depth look at the smartphone, which is the best look at it yet.
Tizen is running on Samsung's Galaxy S III smartphone, with the South Korean giant rumored to be preparing Tizen as an alternative to the unstoppable Android OS. Tizen looks like it heavily borrows from Android, which should keep Samsung's customers happy if it does indeed push Tizen onto its smart devices in the near future.
If there's one thing Microsoft needs right now, it's the perfect storm of marketing campaigns to push Windows and Surface onto millions of more customers to combat the increased onslaught from rivals Apple, Google and Samsung.
The Redmond-based software giant is looking to spend around $405 million this year on marketing, compared to $241 million last year. Splitting this up, we'll see $131 million or so in offers and incentive-related spending, while $274 million will be spent on marketing and operating expenses. Microsoft wants to see Windows-based slates in stores, and will spend heavily to see its dreams come true.
The company is pushing to have 16 million tablet sales over the holiday season, with the extra marketing push helping to convince customers they want a Windows tablet. It shouldn't be hard, because Microsoft has some great devices out there with its OS on them, but it's not really a fight of devices anymore, but services.
Western Digital is warning owners of its hard drives that upgrading to Apple's OS X Mavericks might not be a good idea right now, warning of data loss when upgrading to Apple's freshly released operating system.
It affects WD's Drive Manager, Raid Manager or SmartWare applications are installed. The company e-mailed its customers after it had noticed its support forum go crazy with users reporting data loss after upgrading to Mavericks with the aforementioned applications installed. WD says if users uninstall the applications, then they are safe to upgrade to Mavericks, without losing their data.
If you've already made the jump and suited up for Mavericks, then you should remove those applications immediately to ensure your data is safe. There's a fix on the way, but it's not here yet.
The single killer point of the Nexus 5 is its awesome price: $349. For this price, you're getting an awesome kit, at under half the price of the competition from Samsung and Apple.
But, there's always going to be a way to make money from something that is so cheap, with Best Buy stepping in with the best tech deal of 2013*. You can grab the $349 Nexus 5 for only $799, which sounds like a crazy deal if you ask me! But don't worry, the retailer was quick to change its deal once it hit tech sites and blogs, reducing it from $799 to $449.99.
*is sarcasm in its most pure form.
Microsoft has just pushed out an update for its Surface Pro 2 device, where the company claims to have increased battery life thanks to allowing the baked-in Marvell-based Wi-Fi chip to achieve an even lower power state which results in overall improved battery life.
AnandTech did some testing with the latest firmware on the Surface Pro 2, noting an overall 16% increase in their video playback. Pre-firmware update numbers were sitting at 6.65 hours, but after the firmware update those numbers increased to 7.73 hours, something you cannot complain about when its given to you for free through a firmware update.
Oh the days of flip phones were glorious - you felt like a king. You whipped your phone out, flipped it open and started being the cool person on a flip phone. Not anymore, though.
Well, Samsung is going backwards with the new SCH-W2014 smartphone, which is the most powerful flip phone on the market. It features Qualcomm's Snapdragon 800 SoC - a 2.3GHz quad-core part, 2GB of RAM, a 13-megapixel rear-facing camera, and 2-megapixel front-facer, with dual-SIM connectivity. Storage-wise, we have 32GB of on-board flash backed up by microSD expandability.
The screen itself is lacklustre, at just 3.7 inches it features an 800x480 resolution. It does win some brownie points back by being a Super AMOLED display, though. We have a removeable 1900mAh battery, and Android 4.3 as its OS. All of this comes in at 173.5g. Where it'll hurt you is the price: $1640 or so. This is absolutely insane, but there'll be some people who will cough up this money to own it.