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Bright Side of News is reporting that OCZ's founder and CEO has been ousted by the board of directors. While the statement says that they tendered his resignation, BSN appears to believe that the board has ousted him, likely due to the many missteps the company has taken as of late.
According to OCZ's statement, "Alex Mei, Executive Vice President and Chief Marketing Officer as Interim CEO, effective immediately. Mr. Mei's appointment follows the Board's acceptance of Ryan Petersen's resignation as President, CEO and a director of the Company. Mr. Mei will also maintain his current responsibilities as EVP and Chief Marketing Officer until a permanent CEO has been selected."
It's not exactly clear what effect this will have on the stock. As of late, OCZ's shares have been falling and this change in leadership may be enough to get them to bounce back. We will be sure to keep you updated with the latest happenings over at OCZ.
MSI, who are mostly known for their motherboards, graphics cards, notebooks and other smaller product lines, have decided they're entering the SSD business with their decision today. MSI have inked a deal with LSI-SandForce as a provider for SSD controllers.
MSI's website states that all "SandForce-Driven" SSDs include a column for MSI, with model numbers for the upcoming SSDs "coming soon". MSI have dabbled in SSD's before, with their super-fast GT60/GT70 gaming notebooks that sport an MSI-designed SSD RAID solution.
This SSD RAID solution uses SanDisk-made mSATA SSDs in a striped RAID 0 array.
What are your thoughts on the move into SSDs? A natural progression of business for MSI? Do you think we'll see exciting stuff from the usual motherboard- and graphics card-maker?
Terry Cheng, the now ex-CEO of Foxconn has just resigned, and is now awaiting approval of his resignation from the board chairman. Cheng, an engineering specialist, joined Hon Hai in 2007 after he had served ten years as Texas Instruments' president of Asian operation.
Cheng had only taken over for previous CEO Chen Wei-liang on January 1 of this year. Cheng's resignation has seemingly come out of nowhere and his reason for leaving is unclear for now. Terry Gou, current board chairman, is reportedly trying to persuade Cheng to continue on as CEO.
Foxconn took a hit of around $28.1 million of losses in 2010, but were able to scoop up some profits a year later in 2011 with around $9.4 million.
It looks like the rumors that were going around a few weeks ago were right, as Sony have just acquired cloud-based gaming firm Gaikai for $380 million. The news is very new, so there's not much meat here.
Gaikai is a California-based company, and until now, the company had only raised $45 million in funding. So this acquisition could be a knee-jerk reaction to NVIDIA's cloud-based future of gaming with GeForce Grid, or the future of gaming in general. More as it comes.
Apple has just announced an update in OSX that will allow users to respond to text messages straight from their PC. This somehow functions through the iCloud service, so I'm sure this will require an iPhone to work. However, this is not the only update to iCloud announced at WWDC; they have integrated a Google Docs alternative.
CISPA, the Cyber Intelligence Sharing and Protection Act, has just passed the House by a vote of 248 to 168. This is not good news, at least in my opinion. The vote ran largely along partisan lines, with the occasional switch. The bill has passed with several amendments that it collected along its way to the vote today.
The future of the bill isn't certain law, at least not yet. First the bill has to make it through the Senate, which is controlled by the opposite party of the House. Next, the bill would go before President Obama who yesterday made a veto threat of the Act, due to unhappiness with its potential lack of privacy controls.
Many citizens are concerned about the broad language contained within the bill which would allow the government to use the mandates and powers contained within in ways that would be antithetical to privacy and could be too intrusive. As a US citizen, I join with the people who fear the bill and I will be watching the progress closely. Stay tuned for more.
Apple announced its financial earnings today and, of course, some incredible numbers are the results. Apple made a whopping $11.6 billion in profit from $39.2 billion revenue. In Q1 2011, they made $5.99 billion profit from $24.67 billion revenue. That is over a 25% profit margin. Wow.
Apple had some massive sales numbers. The company sold 35.1 million iPhones. They also sold an incredible 11.8 million iPads, 4 million Macs, and 7.7 million iPods. It will be curious to see if the FlashBack malware has an effect on Mac sales in Q2.
BREAKING NEWS: An 8.9-magnitude, then downgraded to 8.7-magnitude by the USGS (United States Geological Survey) has struck off the coast of Sumatra, Indonesia. The earthquake struck 308 miles (500km) southwest of the city of Banda Aceh, on the northern tip of Sumatra Island, at a depth of 20.5 miles (33km).
The quake was so severe it was felt as far away as the Thai capital, Bangkok, and as well as southern India. Because the earthquake was a strike-slip, it means there is less chance of a devastating tsunami. A strike-slip earthquake happen vertically, and the water dispersement is not as bad as a reverse fault, or normal fault, where the normal fault sends the crust up horizontally, where tsunamis usually happen, especially at this magnitude.
Just two hours later, and only moments ago, an 8.2-magnitude earthquake has struck in the same region. This was at a depth of 10.2 miles, so much closer to the ground itself. We'll try to update as news is out, but for now the first earthquake isn't said to create a tsunami worth worrying about, but the second one has just happened, so we'll report back when we have news.
We would advise you to take caution, don't panic and stay as calm as you can. Of course, if you want to leave to feel safer, please do so. We'll keep the news coming as it happens.
Well, that got out of control fast. Reports are flying out onto the Internet that there's been at least one stabbing victim at a BBM party RIM was hosting in London. Those at the party aren't allowed to leave. There are multiple tweets on the event, below:
- George Eason (@mrgeorgeeason) April 3, 2012
There's been an incident at the Blackberry party and no one is currently allowed to leave #bbmparty #OMG
- Edward Gleave (@Ed_StarOnSunday) April 3, 2012
So I can't leave the #BBMparty cos some1 got shanked in the neck #ThisCantBeLife lockerz.com/s/198284823
- Joe (@NotUrAverageJ0) April 4, 2012
OhmyGOD someones been stabbed with a broken bottle at the #bbmparty !? That's awful. How absolutely horrific.
- Jennifer-Rosellen (@JRosellenM) April 4, 2012
According to a reporter at the Daily Telegraph, the police department have actually made an arrest:
Met: Man in serious condition in hospital after incident shortly after midnight at #bbmparty in SE1. One arrest. Guests still held.
- Matthew Holehouse (@mattholehouse) April 4, 2012
UPDATE - Happy April Fools :)
This Sunday leaked documents just witnessed by TweakTown staff state that AMD is set to start producing Intel processors and potentially chipsets and other IC in an upcoming London, England based fab which is set to be complete and operational by the end of 2014.
With AMD recently selling its stake in Global Foundries and relatively cashed up, it seems the time is right for AMD to invest in the land of the Commonwealth queen. AMD's brand new 18nm-capable manufacturing facility is set to be built in a reserved part of the Queen's gardens, just a few minutes' walk from Buckingham Palace.
Reasoning behind Intel's motives here suggest that it may relax judges around the world considering Intel's issues with anti-competitive behavior in the past and it's only going to be a good thing to stack AMD's pockets with loads of mulah.
AMD President and CEO Rory P. Read was quoted as being very excited about what this Intel partnership will offer its investors and he also said that he couldn't wait to travel to England more regularly and enjoy a serve of bangers and mash at every chance he had. Talking about food during such important business? Anyway, we'll let it pass...