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Business, Financial & Legal Posts - Page 271

So, what was the deal with Steve's plateless SL 55?

By: Array

Following the passing of Steve Jobs last week we've seen an absolute mass of news come out about the man who undeniably changed the face of one of the largest industries in the world. But if I asked the majority of you what brand/model of car he drove, I'd be surprised if 5% of you knew (prior to a frantic google search for the answer, that is). Don't worry, I was in the 95% that didn't until today as well.

 

One thing I can now say, while he might not have always had good taste in the way he went about running the show at Apple, he certainly did when it came to cars :-

 

TweakTown image news/2/1/21043_01_so_what_was_the_deal_with_steve_s_plateless_sl_55.jpg

 

While I hear many of you shouting out "But I really couldn't give a rats bum what he drove", there is something else in the picture above that is the main point of interest here. Notice anything that stands out? (Or perhaps I should say, doesn't in this case).

 

That's right, Steve has been driving his flashy new Merc for four years (since he purchased it new) without a license plate. And guess what? Running over Steve's driving records and the VIN on his car, he was never ticketed for the infraction either.

Continue reading 'So, what was the deal with Steve's plateless SL 55?' (full post)

Anonymous supports Wall St protests, declares war on NYSE

By: Array

Anonymous have posted another YouTube video, this time declaring an imminent attack on the New York Stock Exchange website. In support of the on-going Occupy Wall Street protests, which began nearly a month ago on September 17, and in direct response to the large scale arrests carried out by the New York City Police Department, Anonymous have issued a two minute video rallying its members to "DDoS attack" the NYSE website at 3:30pm ET on 10th October.

 

TweakTown image news/2/1/21017_80_anonymous_supports_wall_st_protests_declares_war_on_nyse.png

 

This is the same tactic used to bring down Visa.com, where they flooded the servers and crashed them. it is believed that if the attack is successful, it won't halt or affect trading on Wall St, as it runs through a separate data center. The website does however, host other important information such as trading notices and market activity.

Google's first "Chrome Zone" store opens in London

By: Array

Google has just opened the doors to its first retail store, dubbed the "Chrome Zone" store which is situated in London. To make this possible, Google has partnered with the Dixons Group comprising Currys and PC World, and as such, the first outlet is located inside the Tottenham Court Road branch of PC Worlds.

 

TweakTown image news/2/0/20942_01_google_s_first_chome_zone_store_opens_in_london.jpg

 

With similiar eye catching, flashy interior designs like what we're all used to with Apple, Google is making a push with retail stores primarily at this time to help people get hands on with its Chromebook to see exactly what it's all about, as well as making a more informed decision on their potential purchase with the help of experts at the store to give any advice they may seek.

 

Google said in a statement, "The Chrome Zone is designed to be as open, colourful and user-friendly as possible, and there are seating areas for shoppers to enable them to try out Chromebooks in comfort."

Microsoft to receive $444 million per year from Android patent licensees, making cash like a boss

By: Array

A few days ago, Microsoft signed a major licensing agreement with Samsung over the use of some its patents on Android-based smartphones and tablets. The deal is similar to what other manufacturers have agreed to, which avoid a court battle. But, there's a requirement of a fixed fee to be paid to Microsoft for every Android device sold. Goldman Sach's tech analyst team think that this number is around $444 million per year.

 

TweakTown image news/2/0/20936_25_microsoft_to_receive_444_million_per_year_from_android_patent_licensees_making_cash_like_a_boss.jpg

 

Goldman estimates that Microsoft receives roughly $3 - $6 per Android device, and calculated the multi-million dollar figure based on the number of Android devices expected to be sold by Microsoft's licensees between July 1, 2011 and June 30, 2012. The companies that Microsoft receive the (virtually free) dollars from are HTC, Acer, U.S. defense contractor General Dynamics Itronix, Onkyo, Velocity Micro, ViewSonic and Wistron, and Samsung, which yesterday became the latest licensee.

 

Microsoft claims that certain Android features contain technologies over which it owns patents. Considering that two of the largest Android device makers have agreed to pay royalties which puts some concrete into this claim. The only one in the US without a license from Microsoft is Motorola Mobility, in which the two are in court battling it out.

Intel and IBM invest $4.4 billion in chip manufacturing plants in New York

By: Array

Intel and IBM have announced a $4.4 billion investment which is being put into a manufacturing plant to create the next-generation of cutting-edge computer chip technology. It's all being done in New York, with a five-year investment expected to generated and retain 6,900 jobs paying an average of $100,000. Gov. Cuomo who was previously suing Intel, where he filed an anti-trust lawsuit against them, has done a 180-degree turn and has now called this new move "a really, really big deal" and part of his effort to "create a more confident environment for doing business in New York".

 

TweakTown image news/2/0/20931_18_intel_and_ibm_invest_4_4_billion_in_chip_manufacturing_plants_in_new_york.jpg

 

The aforementioned lawsuit included Cuomo - as attorney general - trying to sue Intel for trying to monopolize the computer chip industry. He charged Intel with violated state and federal anti-trust laws by trying to keep a monopoly over the market for microprocessors, which as most people know are the heart of computers and servers alike. The suit charged Intel with paying computer makers billions of dollars in exchange for using the company's microprocessors instead of competing products from AMD.

 

The suit is currently pending with Intel back in May filing three motions seeking to have the suit dismissed.

AMD lowers its third quarter revenue forecast

By: Array

AMD, the second largest PC chip manufacturer, has lowered their third quarter revenue projections citing issues with the 32nm chip production at its German Foundry. AMD now expects its revenue to increase by 4 - 6% on top of their second quarter earnings, down from the 10% that they originally forecasted earlier in the year. In response to this news, AMD shares fell by 7.8% to $5.88 during extended trading yesterday.

 

TweakTown image news/2/0/20925_13_amd_lowers_its_third_quarter_revenue_forecast.jpg

 

AMD have not only been having issues with their 32nm chips, but they have also commented that its 45nm chip supply was also experiencing issues as the two processes share some common toold in manufacturing. The Dresden-based manufacturing firm, GlobalFoundries, which AMD have an 11% stake in, is uses for their manufacturing operations. Poor yields of chips due to production problems seem to be AMD's biggest issue right now.

Continue reading 'AMD lowers its third quarter revenue forecast' (full post)

US market being dominated by Android, iOS is stagnant

By: Array

In a survey taken last month, 43% of all smartphone owners have an Android-based device. But over the last three months, more than half (56%) chose an Android-powered smartphone. The preferences of these so-called "recent acquirers" are important as they are often a leading indicator of where the market is headed. Of course, Apple's iOS remains popular sitting firmly in second place with 28% of all smartphone users and the same percentage among those who recently acquired a new device.

 

TweakTown image news/2/0/20894_4_us_market_being_dominated_by_android_ios_is_stagnant.png

 

Apple is about to launch their iPhone 5, so things could change. But over in the Android-laden camp, things are also changing. Google are about to launch Ice Cream Sandwich, their next-gen Android OS which is meant to blend their smartphone and tablets OS into a single, dominating OS. Things could swing either way, but right now it seems as though Google are Apple's only competition right now. And while it's "competition", it seems Apple are the ones chasing the tail of Google and they're further down the path than they let you believe.

Meg Whitman becomes HP's new CEO

By: Array

Were HP lurking eBay looking for a new CEO? It could be a possibility. Former eBay CEO, Meg Whitman, is now the CEO and President of Hewlett-Packard. Current non-executive, Ray Lane, will become executive chairman. Whitman is a well-known executive, will replace HP's current Leo Apotheker, who was prodded out of the company just recently. Whitman is an experienced digital executive, has a large task ahead of her.

 

TweakTown image news/2/0/20868_49_meg_whitman_becomes_hp_s_new_ceo.png

 

HP wants to re-direct itself after numerous strategic gaffes, disappointing financial results and probably the biggest issue, stock that has dropped 47-percent in 11 months since Apotheker was head of the ship. The board of HP is hoping Whitman can turn this all around, with ever-increasing pressure from the competition.

 

Check out the official press release from HP.

AMD's head of Products Group, Rick Bergman, resigns

By: Array

It was the HP CEO yesterday, now Rick Bergman, head of AMD's Products Group has left the company. CEO Rory Read will take over in the meantime. Bergman joined AMD from ATI after the 2006 merger, where he went from Senior VP of AMD's Graphics Product Group to head of the Products Group for AMD when they combined their graphics and microprocessor businesses in May 2009.

 

TweakTown image news/2/0/20864_44_amd_s_head_of_products_group_rick_bergman_resigns.jpg

 

Bergman is leaving to "pursue a new opportunity", which shows this is an actual resignation rather than "here's the door". AMD has also announced that Paul Struhsaker, who was Comcast's former Senior VP of Engineering has joined AMD's freshly formed Commercial Business Division. Struhsaker has the task to "oversee product management and roadmap planning for AMD's server, high performance computing and embedded products".

It's VIA's turn to 'have a go' at Apple...

By: Array

Looks like it's VIA's turn to take a stab at the big Apple with Bloomberg reporting VIA's manoeuvre to have filed a patent lawsuit against them over the processors used in Apple's mobile devices.

 

TweakTown image news/2/0/20860_10_it_s_via_s_turn_to_have_a_go_at_apple.jpg

 

More specifically, the patent lawsuit targets Apple's custom ARM-based A4 and A5 processors used in recent iOS devices. Namely, these are the iPad, iPad 2, iPhone 4, iPhone 4 CDMA, iPod touch 4th generation and Apple TV 2nd generation.

 

Somehow I don't see the outcome being that Apple will be forced to have all iOS devices in the U.S. pulled. I'm sure many competitors are desperate enough that they would have found a way to make that happen long by now if a clear and strong enough basis for it existed.

 

In any case, this should prove to be an interesting outcome nonetheless.

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