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Business, Financial & Legal Posts - Page 116

Samsung has big plans for Silicon Valley with 1.1 million square foot R&D center

Samsung have had an amazing year and it looks like 2013 will be even better again with plans unveiled that Samsung are set to expand their Silicon Valley address with some huge changes:


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  • A new sales and R&D center, built in the stead of some existing Samsung offices, with floor space totaling 1.1 million square feet.
  • A layout that seeks to "encourage interaction among staff" and "foster connections with the community," while ultimately improving Sammy's "soft capabilities"
  • A parking garage and an "amenity pavilion" (whatever that is, we just know we can't afford one)


Samsung's new crib will be a little bigger than Apple's latest 3,600-worker expansion in Austin, Texas.

Fujitsu blames weak Windows 8 demand for poor sales

Fujitsu has jumped on the bandwagon with OEMs blaming poor Windows 8 demand for underwhelming PC sales. According to Fujitsu President Masami Yamamoto, demand for Windows 8 is "weak." He says this is the cause for underwhelming sales numbers, coupled with the debt crisis in Europe.


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"We can't be optimistic about the PC industry," said Yoshihisa Toyosaki, a Tokyo-based analyst at Architect Grand Design "PC makers' bet on Windows 8 has failed, as cheaper tablet computers are taking away customers."


Dell, on the other hand, has reportedly seen strong demand for their systems running Windows 8. "Fujitsu doesn't plan to join its competitors that are discounting" to sustain sales, Yamamoto said.

Cheezburger network raises $5M in funding for LOLcats, FAIL Blog, others

Rejoice! The priceless memes network Cheezburger will continue to be around. The network just raised $5 million in funding, according to an SEC filing. Foundry Group, Madrona Venture Group, Avalon Ventures, and SoftBank Capital, all existing investors, participated in the funding round.


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Cheezburger is planning on using the funding, a total of $37.5 million between this year and last, to build the company's social humor platform. Cheezburger is an online network of more than fifty sites owned by former journalist Ben Huh, who formed the company in 2007. The company is profitable, and has been ever since its inception.


Here's to many a good meme coming from the network of sites.

Apple drops patent claim against Samsung Galaxy S III Mini

Apple, upon the word of Samsung that they are not selling the Galaxy S III Mini in the United States, has decided to drop the S III Mini from the latest patent lawsuit between the two tech giants. Apple argued they were able to purchase multiple units through Amazon in the US, but Samsung countered that it is not "making, using, selling, offering to sell or importing the Galaxy S III Mini in the United States."


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Apple agreed to drop it, provided the "current withdrawal will not prejudice Apple's ability later to accuse the Galaxy S III Mini if the factual circumstances change." The trial isn't scheduled to start until 2014, so this early dealing is to be expected. More devices will likely be added and removed as time passes.

RIM's first patent payment to Nokia: $65 million

After settling a patent dispute last week with Nokia, Research in Motion agreed to make a large one time payment which would be followed up with on-going payments to finish out the debt owed.


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A week later and RIM has made the one-time large payment. Reports from the Securities and Exchange Commission, the first payment to Nokia totaled $65 million.


"On December 21, 2012, Nokia and RIM announced that they have entered into a new patent license agreement," RIM explained in a 6-K filing. "The agreement will result in the settlement of all patent litigation between the companies and Nokia's dismissal of all pending actions in the United States, United Kingdom, Canada and Germany. The financial structure of the agreement includes a lump sum EUR50m (approximately $65m) one-time payment, which has been recorded in the Company's consolidated statement of operations in the third quarter of fiscal 2013."

Samsung building 1.1M square foot campus in San Jose area

Samsung has announced plans to build a 1.1 million square foot campus in San Jose, which is located in the heart of Silicon Valley. Global architecture firm NBBJ will be responsible for the new building, which will feature a 10-story tower, amenity pavilion and parking garage.


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Samsung's R&D facility will be moving to a new campus that will feature two new 6-story class-A office buildings with about 385,000 square feet of space. This campus will feature two 5-6 story parking structures.

Continue reading 'Samsung building 1.1M square foot campus in San Jose area' (full post)

Apple continuing to falter, online customer satisfaction drops to lowest point in four years

A new survey of more than 24,000 customers shows that Apple's online customer satisfaction for the Thanksgiving and Christmas shopping season to be the lowest in the past four years. The study, conducted by Forsee, found that Apple scored 80/100, three points lower than 2011. Amazon, at the top spot, scored 88/100.


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The full study can be seen above. The rankings are based upon "appeal of merchandise, website functionality, and the quality of website content."

Apple CEO Tim Cook takes a major hit in compensation for 2012

Apple has released its executive compensation metrics today ahead of its annual shareholder meeting. The biggest surprise is Apple's CEO Tim Cook only received a mere $4.17 million for his services in 2012.


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To most $4.17 million seems like a lot, but when you compare it to his compensation the previous two years, $378 million in 2011, and $58 million in 2010, it looks rather small.


The major difference in compensation is stock options, which cook received in 2010 and 2011. $52 million in 2010 and $376 million in 2011 with no stock options being received in 2012. Most of those stock options are set to vest in 2014, 2016, and 2021 netting Cook a cool $750 million at today's market value. I think it is safe to say that he is not disappointed in his financial statement for 2012.

RumorTT: Apple's Mac mini to be the first US-built computer from Apple

Apple teased us a few weeks ago talking about bringing production of one of their products to the United States, but no one knew which exact product it would be.


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The latest report from DigiTimes seems to think that it will be the Mac mini. Apple have talked about investing over $100 million into bringing Mac production home, and now DigiTimes are reporting that Apple will run their new US-based production lines with the Mac mini.


Foxconn will still be heavily involved as they will be "responsible for handling establishment", according to DigiTimes' sources from the "upstream supply chain". Foxconn has around 15 operating bases within the US and will be looking for new employees when the new year rolls in for their new automated production lines.

EA's stunt backfires, removes real-world gun purchase links from Medal of Honor Warfighter website

With the tragic Newtown, Connecticut shooting just weeks ago, it looks like EA's grand plan of marketing has failed. When EA started their marketing for the latest Medal of Honor Warfighter game, on their website you could go a step further than most games, and buy guns within a few clicks of the MoH website.


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Alongside the weapons you could use in the game on the MoH website, were links to manufacturers who actually sold them. After the Newtown shootings, the Internet went on a stampede and called EA out, where the company were quick to reply that they'd forgotten of the links, sure.


The Warfighter website has been updated and one would think anything related to violence would be removed, but no - we find links to Zero Dark Thirty, the movie based around the SEAL raid on Osama bin Laden's compound. You know, the one where he was shot in the head with a gun.

Continue reading 'EA's stunt backfires, removes real-world gun purchase links from Medal of Honor Warfighter website' (full post)

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