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Tim Cook congratulates employees over e-mail, tells them to attend Town Hall tomorrow to discuss "some exciting new things going on at Apple"
Apple have had an amazing Q1, with some uber-strong numbers blowing even analysts expectations. You'd have to be happy being the CEO right now, and Tim Cook seems to be over the moon. Cook sent a short e-mail to Apple employees not only congratulating them on both a record setting holiday quarter, but starting 2012 with the launch of a ground-breaking initiative for education with iBooks textbooks.
Cook has told all employees to report to Town Hall tomorrow, either in person or through AppleWeb at 10AM PT to discuss "some exciting new things going on at Apple." His full e-mail is below:
Thanks to everyone's hard work, we're off to a great start in 2012. Last week in New York we launched a groundbreaking initiative for education with iBooks textbooks, and today we reported the strongest quarter in Apple's history.Please join me tomorrow morning at 10 a.m. in Town Hall. We'll review our record-setting results and discuss some exciting new things going on at Apple.The meeting will be broadcast live to many sites in Cupertino and other Apple locations. Please check AppleWeb for details.
This is definitely something that I did not expect, but WikiLeaks' founder Julian Assange is set to host his own new television show that will have him featuring interviews with key political players from around the world.
The theme of the interview show is "the world tomorrow" and is scheduled to hit in mid-March. Assange is said to be planning 10 weekly half-hour episodes where he will explode what he says is the future of our world with political players, thinkers and revolutionaries. He hopes to examine his guests' philosophies and struggles in a deeper way than what has been done before.
The program is set to be shown to over 600 million viewers across cable, satellite and terrestrial broadcast networks based on initial licensing commitments, but no specific networks or providers have been listed.
At the moment, there has also been no mention of planned guests.
Apple just posted their earnings, and what a quarter they had. How did their Apple Store's go? Well, they experienced 110 million people walking through the Apple Store doors, worldwide. This breaks down to roughly 22,000 customers per Apple Store, per week.
These customers aren't just window shoppers, either. $6.1 billion of Apple's quarterly revenue came from their retail stores. This works out to be roughly $17 million from each of Apple's 358 retail stores.
Considering that most people, and competitor Amazon have rung the bell of death for brick-and-mortar retail stores for a while now, Apple are seeing as Borat would say "great success" in their Apple Stores.
Apple's Q1 2012, which runs between September 25th to December 31st, 2011 is quite special. It included the iPhone 4S launch and the holiday sales. How did Apple fare up? Well, quite brilliantly.
Apple took in $46.3 billion in revenue (compared to $28.3 billion in the previous quarter), with a record quarterly profit of $13.06 billion. 37.04 million iPhones were sold in this period, compared to just 17.07 million sold in the previous quarter.
iPads saw a nice shipment total, too, with 15.43 million iPads being sold, compared to 11.1 million in the previous quarter. Macs and iPods saw 5.2 million and 15.4 million, respectively. Compared to the previous quarter of 4.89 million and 6.62 million, respectively.
This has been Apple's first $40 billion quarter.
The average annual salary of a Silicon Valley technology worker has surpassed the $100,000 mark this year. Tech-jobs website operator Dice Holdings Inc. has said that salaries for software and other engineering professionals in California's Silicon Valley rose 5.2-percent to an average of $104,195 last year.
This beat the average 2-percent increase to $81,327 in tech-workers' salaries nationwide. It was also the first time since Dice began the salary survey in 2001 that the numbers broke the $100,000 mark, said Tom Silver, a Dice senior vice president. It comes at a time where companies such as Facebook Inc., Zynga Inc., and Twitter Inc., that have reignited the web boom.
Some companies have gone public, too, with LinkedIn Corp. and Zynga hitting IPOs and Facebook is eyeing an IPO soon, too. Their success has made a domino effect on new start-ups, which has then ignited a hiring war for software engineers and others.
To compare, job growth elsewhere in the U.S. has remained relatively slow. U.S. employers added 200,000 jobs in December, and the unemployment rate ticked down to 8.5-percent, its lowest level since early 2009. Silver said "there's a tussle for talent growing in Silicon Valley and employers have to pay up." Tech-job postings in Silicon Valley on Dice rose to 5,026 earlier this month, up 26-percent from 3,974 a year ago. Nationwide, tech-jobs only rose 11-percent in the same period.
Intel have just announced they have agreed to acquire QLogic's InfiniBand business for $125 billion in cash. The move ie said to enhance Intel's networking and scalable high-performance computing portfolio. The deal is expected to close by the end of the current quarter pending the usual regulatory approvals.
What is InfiniBand? InfiniBand is a switched fabric communications link for data flow between processors and I/O devices used in high-performance computing and enterprise data centers. Intel says that the acquisition supports their vision of innovating on fabric architectures to achieve ExaFLOP/s performance by 2018. An ExaFLOP/s is a quintillion computer operations per second, a hundred times more than today's fastest supercomputers. Fast, huh?
Intel has also said that they expect a "significant number" of InfiniBand employees to join their company. QLogic may have sold their InfiniBand assets, but they will now reportedly work on converged networking, Ethernet and storage area networking (SAN) products.
Groupon have just acquired Bay Area-based Mertado, a social shopping company that helps consumers discover new products. In a statement to All Things D, Julie Mossler said "Groupon is excited to announce it has purchase Mertado.com."
No terms of the deal were disclosed, but Mossler did say several members of Mertado's staff will join Groupon, including founders Mehul Shah, Rajiv Bhat, and Vijay Chittoor, who is also the CEO. The reason behind the acquisition is that Groupon were interested in Mertado's expertise in the social commerce space, which includes the launch of Mertado TV, which combined video content with products.
A post on Mertado's Web site states that they are no longer accepting any new registrations and will officially shut down on February 28th. This is the second acquisition in as many moths for Groupon, where last month Groupon acquired Campfire Labs, which will head up the company's social efforts.
28nm at TSMC and GlobalFoundries are going through teething issues, wakes up during the night screaming
With my beautiful 10-month-old daughter getting multiple teeth at once, it felt right comparing the issues between 28nm and teething. Onto the news! We all know transitioning from an older fabrication to something newer, better, and more exciting can be, well, hard. It's being reported that both TSMC and GlobalFoundaries are both experiencing serious yield issues with their 28nm process nodes, according to Mike Bryant, technology analyst at Future Horizons.
This is reportedly causing a rash of non-working wafers, to the point of having nothing working with some chip designs submitted for production. The problem seems to stem from pressure of bringing these new products to the market, rather than a problem with the technology itself. It takes time, something they don't have, and without said time, they can't iron out all of the issues and they're getting stuck.
Foundries have come under pressure to release cell libraries too early - which end up with designs that don't work. At 45-nm, only NVIDIA was affected. At 28-nm any problems for TSMC will be problems for many customers.
Intel have today reported a full-year revenue of an astounding $54 billion, with an operating income of $17.5 billion, net income of $12.9 billion, and EPS of $2.39. The thing associated with all of those huge numbers? They're all records. Intel had an amazing year in 2011.
Intel generated approximately $21 billion in cash from operations, paid dividends of $4.1 billion and used $14.1 billion to repurchase 642 million shares of stock. Q4 2011 saw Intel post a revenue of $13.9 billion, operating revenue of $4.6 billion, net income of $3.4 billion and EPS of 64 cents. Q1 2012 has been good so far, with their business outlook mentioning revenue sitting at $12.8 billion, plus or minus $500 billion.
Full-year 2012 details are interesting, with stand-outs like Research & Development (R&D) expected to hit $10.1 billion. With Intel heading into the smartphone market, that $10.1 billion could go a very long way. With their lead bulldozing the CPU competition, Intel don't really even need to release something that much faster to stay on top. But, if they slow down, it might give AMD enough time to catch up.
Eastman Kodak, the 133-year-old iconic American company that invented the handheld camera, have filed for Chapter 11 bankruptcy protection. After years of losing profits, and responding slowly to the ever-changing market, bankruptcy seems to be their only way out.
The move follows a long-term restructuring plan by chairman and CEO Antonio Perez, where since 2003, Kodak have closed 13 manufacturing plans, cut its worth force from 145,000 down to 17,000. 15 years ago, Kodak were valued at around $31 billion, its current value? Just $150 million.
Perez has said:
The Board of Directors and the entire senior management team unanimously believe that this is a necessary step and the right thing to do for the future of Kodak. Our goal is to maximize value for stakeholders, including our employees, retirees, creditors, and pension trustees. We are also committed to working with our valued customers.