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Business, Financial & Legal Posts - Page 257

Hitachi-LG price fixing update: three executives will face jail time

Three Hitachi-LG Data Storage (HLDS) workers, Young Keun Park, Sang Hun Kim and Sik "Daniel" Hur will face jail time after pleading guilty to fixing optical disk drive prices, according to the US Department of Justice. Throughout 2005 to 2009, the three employees suppressed competition by rigging bids for optical disk drives sold to both Dell and HP, in addition to fixing prices for devices sold to Microsoft.

 

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Under the plea agreement, Park and Kim will serve eight months in prison, while Hur will experience seven months in jail. All there will have to pay a $25,000 fine. The three executives will also be charged with multiple violations of the Sherman Act, which covers antitrust and anticompetitive activities. Each count of the Sherman Act comes with a statutory fine of up to $1 million, (and more if the damages are large enough), and up to 10-years behind bars.

Continue reading 'Hitachi-LG price fixing update: three executives will face jail time' (full post)

AMD CMO Nigel Dessau leaving the AMD construction site, turns off Bulldozer and hands hard hat in

AMD's chief marketing officer (CMO) Nigel Dessau, is leaving the company. Rory Read, CEO of AMD, has been making some "aggressive" changes to the company in a mission to turn AMD into a lean, well-oiled, profit-making business that it should be.

 

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Read has recently laid off a bunch of AMD staff, with a number of them reportedly from the marketing department. These people are most likely the ones who snuck out with the 800 million missing transistors from AMD's Bulldozer platform.

 

Dessau had joined AMD in 2008, and previously served as CMO for StorageTek, Sun Microsystems and IBM. He will leave in January, but will stay with AMD until their new Radeon HD 7000-series of GPUs have been unveiled.

Nintendo 3DS sells like a monster in Japan, thanks to Monster Hunter 3G

Nintendo's 3DS has endured quite the weird launch, with it seeing genuine success at launch, but post-launch numbers have fallen off, considerably. Nintendo boss Satoru Iwata did have a hunch last week that sales would pick up, and it appears he was right.

 

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Japan's biggest video game magazine, Famitsu, has said that the 3DS sold a whopping 378,114 units between December 5 and 11. Nintendo reported 371,326 units sold in the first two days after launch in Japan, but the last week was the most successful one for Nintendo since the launch of the 3DS.

 

We can see from the chart below, that it launched with nearly 400,000 units, then spiked again with the price drop, spiked again with the launch of Mario Kart 7 and has continued this rise with Monster Hunter 3G. Monster Hunter 3G is basted on the Wii game Monster Hunter 3, and is the first 3DS title in the fantasy action RPG series. According to Famitsu, the game had a very successful 48 hours, selling 471,055 copies on December 10, and 11.

Samsung surpasses 300 million cell phones sold

Samsung is Apple's strongest competition right now, and the way it's worded, you'd think Apple have sold more. Well, in Q3 of 2011, Samsung beat Apple by 65-percent in unit sales, to take over the global lead. But, it was Samsung's greater phone lineup, which consists of so-called "feature phones", which are just the traditional cell phones, that Samsung were celebrating in their recent press release.

 

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Samsung now have to look at Nokia's 2010 market, where they moved an astounding 453 million devices, compared to Samsung's 280 million. Samsung have not revealed precise numbers, but sales of "over" 300 million would indicate at least a 7-percent growth.

Continue reading 'Samsung surpasses 300 million cell phones sold' (full post)

Call of Duty: Modern Warfare 3 passes $1 billion milestone in just 16 days

Activision Publishing, Inc., a wholly-owned subsidiary of Activision Blizzard, Inc. announced today that Call of Duty: Modern Warfare 3 passed the $1 billion mark in sales in just 16 days since its November 8 launch. This beats the record set in 2009 from James Cameron's "Avatar" which hit $1 billion in 17 days.

 

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The Call of Duty community now consists of more than 30 million gamers, which is more than the combined populations of the cities of New York, London, Tokyo, Paris and Madrid. Some crazy, crazy numbers. Bobby Kotick, CEO of Activision Blizzard has said:

 

Engagement of our Call of Duty audience continues to rise around the world. Call of Duty as an entertainment franchise has made an indelible mark on popular culture and its broad and continued success is further validation that audiences increasingly value interactive experiences over passive experiences.

 

Call of Duty is now amongst that rarified group of sustained franchises like "Star Wars", "Harry Potter", "Lord of the Rings" and the National Football League (NFL) that attract or engage tens of millions of people every year or every new release.

Continue reading 'Call of Duty: Modern Warfare 3 passes $1 billion milestone in just 16 days' (full post)

Intel's fourth-quarter revenue to be below expectations due to HDD supply shortages

Intel have just announced that their fourth-quarter results are going to be lower than their previous outlook due to the Thailand floods and the resulting shortage on hard drive supplies. Intel now expects a fourth-quarter revenue of $13.7 billion, plus or minus $300 million, on both a GAAP and non-GAAP basis, lower than the previous expectation of $14.7 billion, plus or minus $500 million.

 

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Sales of PCs are expected to be up sequentially in Q4. But, the worldwide PC supply chain is reducing inventories and microprocessor purchases as a result of hard disk drive supply shortages. Intel expects the HDD supply shortages to continue into Q1 2012, followed by a rebuilding of microprocessor inventories as supplies of HDDs recover during 1H 2012.

Continue reading 'Intel's fourth-quarter revenue to be below expectations due to HDD supply shortages' (full post)

Motorola wins against Apple in court over wireless patent

Motorola would be running around saying HELLO MOTO to each other today in excitement, as a German court ruled against Apple in an ongoing battle over patents. Motorola's complaing was that Apple failed to license on of their wireless intellectual properties. Apple use this technology in their 3G-packing iPads and iPhones.

 

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Motorola could now force Apple to remove the feature from their products, or even have the ability to slap a sales ban in Germany. Apple have said that they intend to appeal the ruling, while Motorola claim the ruling validated its "efforts to enforce its patents against Apple's infringement."

 

Apple have replied, by saying:

 

We're going to appeal the court's ruling right away. Holiday shoppers in Germany should have no problem finding the iPad or iPhone they want.

Continue reading 'Motorola wins against Apple in court over wireless patent' (full post)

U.S. online holiday spending passes $25 billion, sets new record

comScore have just released their U.S. online holiday spending numbers for the season to-date, where it has been revealed that consumers continued to spend online in record amounts. In just 39 days of the November to December 2011 holiday season, $24.6 billion was spent online, which is a 15-percent increase compared to the same time last year.

 

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The week ending December 9 reached $5.9 billion in spending, up 15-percent with 3 days surpassing $1 billion in spending. For this holiday season, six individual days have surpassed $1 billion in spending, which for an economy in tatters, is quite the achievement. Cyber Monday leads this with $1.25 billion in sales, as well as Monday, December 5, which now ranks as the second heaviest spending day in history at $1.18 billion.

 

One of the driving forces behind this new found love for online retail shopping is the use of coupons and deals as well as the increased amount of free shipping offers from retailers. Smartphones and tablets have also helped, with more and more people using price comparison apps, both making purchases from the comfort of their own homes, or inside retail stores. E-commerce companies have noticed this trend and are now offering strong incentives to use and buy through mobile apps.

Continue reading 'U.S. online holiday spending passes $25 billion, sets new record' (full post)

Chinese court rejects Apple's iPad trademark name

Like Apple aren't in enough lawsuits as it is, but here's another to add to their ever-growing list of people who are angry with them. A court in southern China has rejected a lawsuit by Apple Inc, where they have accused a Chinese technology company of infringing on its iPad trademark.

 

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Apple have faced multiple roadblocks in setting up shop in China, even earlier this year there were fake Apple stores discovered in southwestern Yunnan province. What of the lawsuit? The Intermediate People's Court in southern boomtown of Shenzhen rejected Apple's complaint against Proview Technology (Shenzhen).

Continue reading 'Chinese court rejects Apple's iPad trademark name' (full post)

Amazon wants to pay you $5 to walk out of stores without buying anything

You may think theres some form of trickery to my title there, but there is not. Quite simply put, Amazing are offering consumers up to $5 off on purchases if they are to compare prices using Amazon's mobile phone application in-store.

 

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The promotion is for one day only, this Saturday, and is a sneaky way of Amazon to increase the usage of its bar-code-scanning application, while also collecting intel on prices in the stores. Mobile commerce is a booming market right now, with more and more customers more than happy to use applications on their smartphones to either shop, or compare prices not just at home, but at work, in the shop itself, or while in the toilet.

 

Thanksgiving and Black Friday sales were enormous, and I'm sure Amazon want a repeat of that success when Santa comes visiting in a few weeks. Amazon's Price Check app is available on both the Apple App Store and the Android Market, the app allows shoppers to scan a bar code, take a picture of an item or conduct a text search to find the lowest prices.

Continue reading 'Amazon wants to pay you $5 to walk out of stores without buying anything' (full post)

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