Telstra has named their new CIO today.
Meet, Patrick Eltridge:
Former Seek and Westpac CIO, Patrick Eltridge has stepped up to the plate of chief information officer, replacing former CIO John McInerney who resigned in June of this year.
Patrick begins his turn as CIO from November 22nd of this year.
Telstra's chief operating officer, Michael Rocca said in a note to Telstra staff "I am pleased to announce that Patrick Eltridge joins us from Standard Chartered Bank in Singapore, starting as CIO on 22 November 2010. Patrick is ideally suited for Telstra's CIO role as his wide experience in the banking sector includes managing significant system changes, performing in a global architectural role and operating in a customer-facing business unit,"
"Patrick's deep knowledge and support of a customer-led business with a particular focus on online customer experiences and workforce productivity will add significant value to the position."
Right now there's no confirmation, but the one thing that should interest you is the news caused Adobe Systems stock to rise 17% before falling slightly down to 11.5% higher than before the rumour. Microsoft shares rose by 0.4%.
News broke from The New York Times as they reported Microsoft CEO Steve Ballmer had a secret meeting with Adobe CEO Shantanu Narayen at Adobe's San Fransisco offices "recently".
The two had supposedly talked about Apple's dominance in mobile phones and discussed various options to attack that, with the inclusion of Microsoft purchasing Adobe.
Both Microsoft and Adobe have declined comment.
AMD is stamping it's one year anniversary of the AMD Fusion Partner Program by introducing the AMD Fusion Partner Program distributor track. The expanded program will give distributors access to all of the benefits and goodies within the AMD Fusion Partner Program to help increases sales of AMD-based solutions. AMD is also introducing the AMD Rewards Program - which is being used to add sales-based incentives for partners to increase channel sales growth.
David Kenyon, corporate vice president, Worldwide Channel Marketing, AMD said "It's amazing to see how far we've come in such a short amount of time," he also added "By extending the AMD Fusion Partner Program to all of our valued distribution partners, AMD is proud to now offer them vital information, motivation, support and incentives to help them to be successful in today's marketplace."
Twitter's CEO Evan Williams is stepping down and handing his torch over to Chief Operating Officer, Dick Costolo.
Williams said he will stay involved in "product strategy", while the new CEO, Costolo takes charge of various monetization efforts Twitter has launched in the past few months - most of them focusing on providing marketing and advertising services.
During his run as CEO, Twitter grew from around 20 employees to 300, the number of tweets exploded from 1.25 million daily to 90 million, registered users also saw the same explosion in numbers going from 3 million to more than 160 million.
Considering Twitter was created as a "side project" in 2006 - it has come a very long way in the past 4 years.
Why hullo there Leo Apotheker - he has been named the new CEO and President of HP.
HP named Leo Apotheker today as their new CEO and President - Leo Apotheker has been with SAP for over 20 years will also join HP's board of directors. He will take effect as CEO come November 1st.
We knew this was coming because of Mark Hurd's exit in August.
HP also named Ray Lane as the new Chairman of it's Board of Directors.
Remember the faulty NVIDIA GPU debacle a few years back? If you do, there has been a lawsuit brewing for a while now which has finally been settled.
The NVIDIA GPU issue was found in Apple and Dell laptops - the settlement includes are placement of the GPU or MCP - while users of the HP laptops that were affected will get a full replacement laptop, "similar in kind and value".
Anyone who has already paid for repairs to their laptop due to the faulty GPU issues will be allowed a full reimbursement, provided they have the documentation and invoices for all repairs.
You'll have to wait until after December 20th for the final hearing with claims only to start after that.
iiNet shareholders today overwhelmingly approved the acquisition of AAPT's consumer devision at iiNet's Extraordinary General Meeting held today.
iiNet's CEO, Michael Malone said that "the overwhelming support from iiNet shareholders is a reflection of the compelling strategic rationale for the acquisition and confidence in the company." "iiNet will become the clear leading challenger brand in the Australian telecommunications market following the acquisition of AAPT's Consumer Division, iiNet will have more than 1.3 million customer services, including in excess of 650,000 DSL subscribers, the second largest in Australia."
He also added "In addition, we will have over 2,000 staff across four countries dedicated to maintaining the Company's high quality customer service. iiNet's significant scale position, combined with our ever growing suite of cool products, well known brands and market leading service levels uniquely positions the company for continued growth in the changing industry landscape."
iiNet shareholders now having approved the acquisition, completion of the acquisition will occur on September 30, 2010. The acquisition has been entirely funded from cash on hand and the extension of existing debt facilities.
This move should push iiNet into Australia's second biggest ISP position.
Remember when AOL was known for sending you thousands of free dial up internet CDs and "You've Got Mail?" AOL is now making their move to consume tech media outlets, and TechCrunch is the latest to join the fold.
AOL has acquired TechCrunch, a popular tech news outlet, and their related properties like MobileCrunch for a reported $40 million. The deal was officially announced and signed at the TechCrunch Disrupt conference today in San Francisco between AOL CEO Tim Armstrong and TechCrunch Founder and Co-editor Michael Arrington. TechCrunch joins Engadget, Switched, and Download Squad as major tech media players now flying under the AOL flag.
Oracle corporation is on a spending spree after this years acquisition of Sun Microsystems, a large system builder. Oracle wants to reinforce it's enterprise IT business with the acquisition of a major chip-maker.
At the moment, AMD, IBM (it's processor division) and NVIDIA are being named as potentials.
CEO Larry Ellison said, "You're going to see us buying chip companies,"
Ellison said he wants to copy the approach of Apple's CEO Steve Jobs by owning more of the IP that goes into computer chips.
While it makes sense to purchase chip-makers, an acquisition of a large GPU company like AMD or NVIDIA would be interesting to say the least. While NVIDIA is "down" (high end sales, when compared to 5k series sales) it looks very interesting - it would give NVIDIA more strength to start the obvious fight next year when AMD treads the APU territory, while NVIDIA are stuck with just a GPGPU and no integration of an x86 chip.
More interestingly, share prices of both AMD and NVIDIA rose slightly yesterday after this news hit.
Taiwan Semiconductor Manufacturing Company (TMSC) might be showing off a glimpse of the future of chip manufacturing tech smaller than 20nm when it pulls back the curtain on it's latest research involving FinFET transistors at a chip industry event later this year.
Most existing products are built using planar transistors, invented in 1959 they are low-cost, efficient transistors. But, chip makers are now looking at other transistor design methods to shrink their die below 20nm, TMSC seems to heart the FinFET design because of their "fish-fin" design which reduces the size of working transistors.
TMSC will show off high performance 22nm and 20nm tech that features FinFET transistors at IEEE's International Electron Devices Meeting (IEDM) which is happening on 6 - 8 December of this year in San Fransisco.
The Australian Competition and Consumer Commission (ACCC) has recommended to Telstra to lower their wholesale pricing to their copper network. iiNet's chief regulatory officer, Steve Dalby doesn't seem to think it will get Telstra to play ball.
The ACCC recommends a price reduction in wholesale line rental (WLR) (the price an ISP pays to provide a line when not connected to their own infrastructure) on top of a recommendation to drop the local carriage service (LCS) pricing.
Looks like life is not, in fact, good at LG.
CEO Yong Nam has just stepped down as CEO of LG Electronics wanting to "take responsibility for the slack performance", which in my opinion isn't all his fault, it's the market we're in right now. Unless you're Apple, you just don't seem good enough.
He's not the only CEO of a large company to step down lately, HP and Nokia have had them step down in the recent months too. Yong was only CEO for a short 3 years and nine months also.
But, sometimes it takes something like this for a company to re-shape, re-design itself and get some of that "we can do it" attitude. It might be a sign of good things to come from LG.
Intel and McAfee are two companies that most are familiar with. Intel is the largest maker of processors in the world and McAfee is one of the largest PC security companies around with antivirus software and more. Intel has announced that it plans to purchase McAfee at $48 per share in cash. The value of the deal is about $7.68 billion.
The purchase will allow Intel to offer a combination of software and hardware that will be able to better protect customers when they go online. Intel claims that the purchase will also improve its mobile wireless strategy. Presumably, that means more security for mobile devices like MIDs and smartphones as Trojans and other attacks become more common on these devices.
Dell has announced today that it has reached a settlement with the SEC over alleged disclosure and accounting practices that violated securities and SEC rules. Dell has settled with the SEC for $100 million.
Dell had previously announced that it had set aside that $100 million amount for a settlement. The settlement comes with no admission of guilt by Dell.
The war that RIAA waged on alleged pirates is something of legend. RIAA sued people willy nilly no matter if they were living, dead, or didn't own a computer. That wide-ranging legal campaign cost tons of money.
RIAA's tax records show that the company spent $64 million between 2006 and 2008 on legal costs associated with suing people who allegedly pirated music. For all of that money spent, RIAA only won a tiny fraction of it back from those found guilty of pirating music.
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Cooler Master makes all sorts of nice computer hardware. The company has nice computer cases, power supplies, and CPU cooling among other things.
Cooler Master is having a contest right now that lets you have a chance to win prizes for playing a Flash game or entering the serial number for one of its new Silent Pro Gold PSUs. Flash game players can win weekly prizes including gold medallions, a gold coin, a gold flash drive, and Cooler Master hardware.
Foxconn has been the subject of intense scrutiny this year after ten workers killed themselves. The suicides were blamed on harsh working conditions and low pay.
Foxconn raised worker salary to help improve moral and eliminated death benefits that amounted to about ten years salary for the average workers family. Some have criticized the living conditions in the dorms that Foxconn owns that house about 450,000 workers.
You might recall back in 2007 Viacom sued Google and YouTube for allegedly violating copyright. Viacom contended that YouTube knowingly allowed video that violated copyright to be uploaded to the internet using its tools.
Reuters reports today that Google and YouTube have won the suit. The judge says that mere knowledge of possible copyright violations is not enough to hold YouTube accountable. Google has argued that it is protected under the Safe Harbor provision of the DMCA.
Back when I had a real job that I had to go to everyday they would get upset if I napped. Add to that the fact that coworkers would stare at you if you start drooling in your sleep things just weren't conductive to napping in the office.
The people who work at Google have no fear of naps. Apparently, the search giant encourages it. A picture has turned up of folks at the Googleplex HQ in California napping in a high-tech pod.
Foxconn has been in the news a lot lately after ten workers at one of its Chinese factories where Apple products are built have killed themselves this year. Some blame harsh working conditions at the plant for the suicides.
Foxconn has given the workers pay raises and opened its typically closed plants up to outside regulators and journalists to prove that working conditions are good. A new rumor is floating around that claims Foxconn is ready to close its Chinese operations and move the plants to other countries.