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Business, Financial & Legal Posts - Page 88

Zynga laying off 520 employees, or 18%, in order to save costs

Zynga is laying off 18 percent of its workforce--some 520 employees--in an effort to save money. As part of this layoff, Zynga will be refocusing on mobile. The move is estimated to save Zynga around $80 million in staff costs. Offices in New York, Los Angeles, and Dallas will be closed as well.

 

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These additional infrastructure savings will boost that $80 million in savings figure, likely by quite a bit. Offices in San Francisco, Beijing, Bangalore, and various other small office locations will remain open and staffed. Zynga has confirmed that all of the staff affected by this will be laid off by August.

 

Zynga has struggled to adapt to the massive changes to its core revenue source. Started as a web game company, the onslaught of smartphones and mobile gaming has damaged their bottom line.

LSI ranked number 1 in the world for SSD controller revenues

LSI, the company behind the popular SandForce SSD controllers, has been ranked number one in the world for SSD controller revenues. This ranking is based upon data released by Forward Insights and is for revenues from 2012. The data showed that SLI increased its revenue share to 38 percent, or almost double that of the closest competitor.

 

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SSDs continue to take the world by storm, showing up in more and more systems as the default device. Prices continue to drop and demand responds accordingly. The fact that LSI has moved into the number one position goes to show just how popular their SSD controllers are.

 

Phil Brace, executive vice president, Storage Solutions Group, LSI Corporation:

 

Our leadership in SSD controllers reflects our comprehensive solutions portfolio and the multiple ways we can engage with customers to help them rapidly gain the benefits of flash for their applications. FSPs with LSI DuraClass technology provide best-in-class endurance, performance and power efficiency and are seeing wide adoption as customers in enterprise, cloud and client computing increasingly turn to flash.

RumorTT: AMD to change the color of their logo?

Computex Taipei 2013 - We've already seen some pretty cool things in Day 0 of Computex, but something that really caught our eye was the color change in AMD's logo. Usually it's green, but we've seen it displayed at Computex in black.

 

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Is this a change for AMD? They really are on a roll right now, with contracts for all three next-gen consoles and a great thing going for their Radeon GPU's, but does this constitute a change in their logo color? We think they're going to be announcing something big, and this color change is all about that. They have to fight Intel and their fourth-generation "Haswell" processors, don't they? Go AMD, go!

Kim Dotcom wins another court battle, gets access to seized property from 2012 raid

Kim Dotcom has won another legal battle in regards to the raid on his mansion back in January 2012. New Zealand's High Court ruled that the warrants used during the raid were illegal. This is good news for Dotcom as it means the police must return all non-relevant assets to Dotcom.

 

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Police will also be required to provide copies of all evidence they've used in the prosecution of Dotcom, which means Dotcom should get access to all evidence collected during the raid. The High Court also demanded US officials destroy any copies of information that contained data irrelevant to the case.

 

Dotcom isn't completely in the clear as of yet. He still faces a hearing in August that will determine if he will be extradited to the US. If extradited, he will face charges of piracy for his part in Megaupload.

DirecTV has reportedly bid $1 billion for Hulu

Next-day TV streaming provider Hulu has been seeking a buyer. Reports of several interested companies have popped up over the past week or two and now DirectTV has reportedly offered $1 billion for the company. DirecTV would be competing with Yahoo, Time Warner Cable, and possibly others for the company.

 

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Bloomberg reports that there are at least two other unknown companies that have offered at least $1 billion for Hulu. Hulu's board of directors are reportedly entertaining at least seven buyout offers. They plan to narrow their focus to three of four offers in a few weeks.

 

DirectTV's stock has fallen 3 percent to $61.19 on the news.

Google forced to hand over personal user data to FBI by judge

A judge has ruled that Google must comply with the FBI's national security letters that request user data without a warrant. US District Judge Susan Illston, located in San Francisco, has ruled that Google must comply with the requests, despite their protests that they are illegal.

 

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The FBI has sent out 192,499 NSL demands between 2003 and 2006, 97 percent of which include a mandatory gag order. Google hasn't completely lost, with the judge noting that Google only argued broad issues, not specific issues to the 19 NSLs received. She has withheld a ruling on two of the letters pending more information from the government.

 

Illston has previously struck down some of the powers granted by NSLs, but some feel it wasn't enough. The EFF is currently involved in a separate lawsuit on behalf of an ISP. Illston notes she does not want to interfere with that lawsuit.

Dutch court rules Galaxy Tab does not need to be banned, Apple generally displeased

Apple has lost a legal battle in the Netherlands that alleged Samsung's Galaxy Tab infringed upon the look and feel of the iPad. Since they lost, they were unable to obtain the product ban that they were seeking. The Supreme Court of Netherlands ruled that the Galaxy Tab did not infringe on the design of the iPad.

 

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With Apple continuing to lose legal battles around the world, it brings to question why they were awarded such a huge amount last August in their landmark lawsuit against Samsung. Apple needs to innovate again to take back the lead and title of most valuable company in the world. Until then, litigation will do little for their stock price.

Corsair sponsors Computex OC Main Event

Corsair is sponsoring the Computex OC Main Event in conjunction with Intel. Top overclockers from around the world will be competing to see who can overclock the new Haswell CPUs and next-gen Corsair memory to the max. Prizes will include $20,000 in cash and the event will be broadcast live.

 

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Thi La, Senior VP and GM of Memory and Enthusiast Component Products at Corsair:

 

We are excited to be hosting the premier overclocking event of Computex 2013 with our friends at Intel. Together we'll be unleashing the world's top overclockers for the first time on the latest Intel processors and our new line of Corsair memory. With the sheer level of overclocking talent and the capabilities of the new hardware, I anticipate seeing groundbreaking levels of performance.

 

The event can be watched live at Corsair's website on June 3 from 13:00-18:00 GMT+8. Overclockers competing for the top prize include well-known favorites, including 8-Pack, Andre, Coldest, Coolice, Der8auer, Dinos22, Elmor, Hazzan, HiCookie, Lin222, lucky_n00b, Mad222, Nick Shih, Pt1t, Slamms, Smoke, Splave, tor_za, ZoLKoRn, and Zzolio.

HTC says Samsung uses component supplies as "competitive weapon"

HTC has accused Samsung of using its supply of smartphone components as a "competitive weapon." Citing Jack Tong, president of HTC North Asia, Focus Taiwan reports that Samsung "strategically declined" to fill orders for an AMOLED display used in HTC's Desire smartphone. These orders were only declined after the Desire started to take off in sales.

 

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"We found that key component supply can be used as a competitive weapon," said Tong. HTC redesigned the Desire to make use of a non-Samsung display and the company has since stayed away from Samsung displays. Samsung has seemingly hurt some of its business by weaponizing its component supplies as HTC, Apple, and others have moved away from the giant electronics conglomerate.

 

Since moving away from Samsung, HTC has suffered the occasional component shortage. However, the HTC One and One X have both had best-in-class displays when launched, proving HTC doesn't need Samsung's display technology.

ReportTT: Apple looking to Pegatron to produce low-cost iPhone

Apple is reportedly looking towards Pegatron to produce their rumored low-cost iPhone. The Wall Street Journal reports that Pegatron will be the primary producer of a new low-cost iPhone as Apple looks to diversify its supply chain. Up until 2011, Foxconn was responsible for all iPhone production.

 

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According to the report, which cites people familiar with the matter, Apple is making the shift in order to reduce risk. They note the issues Foxconn had with the iPhone 5, including scratches on the metal casings. Apple will also be producing more product lines and product, meaning they'll need more capacity.

 

Analysts also believe Pegatron is willing to accept lower profit margins while attempting to gain Apple's business, meaning higher profit for Apple.

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