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Business, Financial & Legal Posts - Page 97

Did you want to watch the HTC event yesterday but didn't get an invite? HTC has posted video of the event online

If you happened to not be in attendance of the HTC press conference yesterday because you fell ill or, more likely, didn't get an invitation, HTC has you covered. The company has released video of the event online today so that you can take a look inside and see just what you missed out on.



HTC has also chopped together a 4 minute 30 second version of highlights that includes video from the London and New York gatherings. Like most press events, the speakers hype the product with lots of unnecessary adjectives and phrases. Take a look and let us know what you thought of the event.

Continue reading 'Did you want to watch the HTC event yesterday but didn't get an invite? HTC has posted video of the event online' (full post)

Apple's stock price takes a hit after reports detailing a Foxconn hiring freeze surface

Apple's stock continues to take a hit as reports of a hiring freeze at Apple's largest supplier surface. There have been two opposing theories offered up and it seems like investors are accepting one over the other and are using it as a reason to pound Apple's stock price.


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Apple's stock has decreased in value by $11.14, or 2.42 percent, in today's trading. The Financial Times offers up that the hiring freeze is a result of lower demand for Apple products. According to an external recruiter, "Foxconn's demand for workers this year was as low as that in 2009."


Bloomberg offers up a different reason for the hiring freeze. According to the spokesperson they spoke to, "Foxconn halted recruitment until the end of March after more employees returned from the Chinese New Year break than a year earlier."

Swedish Pirate Party threatened by lawsuit from copyright lobbyist for hosting The Pirate Bay

The battle over copyright law never seems to end; in fact, it just seems to grow larger every day. Today we are hearing word that the Swedish copyright lobby group, Rights Alliance, is threatening to sue the Swedish political group, the "Pirate Party".


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Rights Alliance has issues a notice, giving the Pirate Party a week to comply with their demands of ceasing all hosting of the website The Pirate Bay, or face legal action. The group is citing a ruling from a case last year in which the Supreme Court said that host can be held liable for website's content hosted on their servers.


The Pirate Party of course has no plans on complying, saying "The Pirate Party's activity is legal and lawful activities should not be subjected to threats of this type. It is not illegal to provide the Pirate Bay with Internet access." Some note that since the Pirate Party is a legitimate political party, any legal action taken to shut down TPB hosting can be seen as political censorship.

GPU shipments down for Q4 2012 according to JPR

It looks like GPU shipments for Q4 2012 didn't do so well according to Jon Peddie Research's latest numbers - where they dropped 8.2% sequentially and 11.5% year-over-year. The drop in GPU shipments is being blamed on the popularity of tablets, as well as the continuing and damaging recession.


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This has caused JPR to revise their compound annual growth rate (CAGR) for PC graphics from 2012 to 2016 to 3.2%, with the total shipments of GPUs in 2016 hovering at around 549 million units. Intel's shipments dropped just 2.9%, but AMD dropped by a much larger 13.6% and NVIDIA were worse, dropping by 16.7%. Market share wise, we saw Intel hold onto 63.4%, which was a gain of 3.4%, but this was at the expense of AMD and NVIDIA which dropped 1.2% and 1.73% respectively - down to 19.7% and 16.9%.

Continue reading 'GPU shipments down for Q4 2012 according to JPR' (full post)

LG Display seeking resolution "through an amicable negotiation" with South Korean rival, Samsung

It looks like South Korean electronic giants LG and Samsung are solving their disputes out of court, after a patent battle between the companies started last year with Samsung filing a lawsuit claiming that LG had stolen technology secrets from within their OLED production.


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LG fired back, threatening their own injunctions, but it looks like everything has calmed down and a few expensive drinks have been shared between the companies. Samsung Display have come out saying that they've dropped their injunction request, and LG have responded with the same respect - after dropping the request for an injunction seeking to ban the sale of Samsung's Galaxy Note 10.1 in South Korea, LG have said they're now seeking resolution "through an amicable negotiation".


I'm glad we have companies solving things nicely, and not pushing it all through a court - all in the public eye.

Survey says 10% of Netflix subscribers have watched House of Cards, average 6 episodes watched

It looks like House of Cards has been a success with Netflix, at least according to data from Cowen and Company. According to their survey of 1,200 people, 28 percent were paying Netflix customers with an additional 18 percent having access to a Netflix account. Their data shows that 10 percent of those users have watched at least one episode of House of Cards during its first week.


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On average, six episodes were watched by a user. Most people--80 percent--responded that the series was "good" or "exceptional." Netflix releasing all 13 episodes at once was also received positively, with 90 percent watching more than one episode per sitting.


The data suggests that Arrested Development could be even better for the company, with the largest group of users being aware Netflix is bringing the show back. 19 percent of the 1,200 surveyed were aware of House of Cards. 34 percent were aware of Netflix's original content plans.


Here's the good news for Netflix: 86 percent surveyed said they would be less likely to cancel after watching House of Cards. It looks like original programming might just pay off. Have you seen House of Cards? Are you more likely to keep your Netflix subscription because of it? Let us know!

Apple's iPad mini supply catches up to demand, device now 'In Stock' in most countries

It looks like the iPad mini's constrained supply has finally caught up to the high demand. The device is now showing as "In Stock" in most countries around the world, showing that Apple's supply has either increased to meet the high demand, or the high demand has dropped off slightly.


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In all reality, it's probably the latter option. People are probably seeing the rumors of a new iPhone 5S and are starting to think that an updated iPad mini could also be just around the corner. There have also been rumors of an iPad mini with Retina display coming soon and this could be contributing to a decrease in demand.


European customers are still seeing 1-3 days as the quoted shipping time, but those should soon change to "In Stock." If you want to pick up a new iPad mini, now is definitely a good time as you shouldn't have to wait for them to ship out.

Google's stock hits record high of $800

Google's stock continues to perform incredibly well, even while Apple's stock falters. Google's stock increased over 1 percent earlier this morning, topping out at $804.00. This is the first time the stock price has been over $800 and it shows no signs of stopping growing.


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The boost has come from renewed investor confidence that Google can continue to increase revenue and profit, even as cost-per-click continues to decline. What's really funny about this whole thing is that Google would actually like the stock price to be lower. They attempted to split the stock last year, but have been unable to due to a lawsuit alleging that a split unfairly gives too much power to co-founders Larry Page and Sergey Brin.

Bill Gates talks about the current Microsoft CEO's performance, talks of their mistakes with the mobile market and more

During an interview with CBS' Charlie Rose, Founder and Chairman of Microsoft, the infamous Bill Gates, talked about a number of things with the Redmond-based everything giant.



The most interesting part of the interview were Gates' comments on the mobile industry, and how they didn't jump out of the gate early enough - allowing Apple and Google to capitilize on this. Gates also discussed the performance of Steve Ballmer, the current CEO of Microsoft, saying that he and Ballmer were two of the most self-critical people he knew, and that there are plenty of great things Microsoft have achieved under Ballmer's leadership over the last twelve months.


Gates pointed to Windows 8 and Surface as being the key to the future, but he did add that this simply isn't enough. I think the big change that Microsoft will go through - well, I hope they do anyway - is Xbox. I hope they really push the platform and not forget the PC this time. If they were to combine these worlds, they would be truly unstoppable - not only against Apple, but Google, Sony and Nintendo.

Continue reading 'Bill Gates talks about the current Microsoft CEO's performance, talks of their mistakes with the mobile market and more' (full post)

Facebook won't be paying any taxes, will enjoy a nice fat refund though

Facebook have made $1.1 billion in profits since they've gone public, but they won't be paying any federal or state taxes on these profits. Better yet, the largest social network in the world will enjoy a very nice federal tax refund of around $429 million.


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Before Facebook went public last year, Citizens for Tax Justice, a research group, said that this would happen, and have just released a breakdown of what the social network's crafty accounting skills have amounted to in their 2012 annual report. It all comes down to the tax deductibility on executive stock options, which Facebook gave plenty out of last year, with the deductible ended up actually being more than Facebook owed in taxes to the state, and federal governments.


This means that instead of Facebook having to pay anything to the government, the roles are reversed and the government will hand money over to Facebook - a refund nearing half a billion dollars. This refund comes from the taxes Facebook paid in 2010 and 2011. The good news doesn't stop for Facebook there, as they'll be carrying "forward another $2.17 billion in additional tax-option tax breaks for use in future years." This means that Facebook will, for as long as they can, continue to do this.

Continue reading 'Facebook won't be paying any taxes, will enjoy a nice fat refund though' (full post)

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