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Business, Financial & Legal Posts - Page 1

AMD shares rise 8% riding Ryzen and GPU excitement

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 4 hours, 25 mins ago

AMD has been enjoying success after success throughout 2017, bringing excitement to the CPU world with the release of not just Ryzen 7 1800X - but the entire Ryzen 5 and Ryzen 7 family of processors.

 

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The company continued that upward trajectory with Ryzen ThreadRipper teases all year, with AMD's return to HEDT not just some lukewarm release - but a huge ass kicker to Intel who has been dragging their ass along the ground for years now. AMD's upcoming Ryzen ThreadRipper 1950X flagship processor is a 16C/32T beast for only $999, with Intel's closest processor costing nearly DOUBLE that.

 

Well, this has all turned into AMD making some massive strides on the books and in the market with AMD shares spiking 8.2% to $15.27 in extended trading on Tuesday. AMD is now expected to have an annual revenue increase of "a mid to high-teens percentage" compared to previous estimates that saw low double-digit percentage revenue growth. AMD is expected to push Q3 2017 revenues by 23% over the previous quarter.

 

AMD's Computing and Graphics division had revenues of $659 million, up by a large 51% year-over-year, something that has been driven by the successful launches of Ryzen - oh and the insatiable demand for Radeon GPU technology with the massive Ethereum craze.

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Apple sued by insurance company for alleged iPhone fire

By: Lana Jelic | More News: Business, Financial & Legal | Posted: 1 day, 22 hours ago

One of the biggest insurers in the United States, State Farm, recently sued Apple blaming the company for a fire that occurred after an Apple user that bought an iPhone 4S had their iPhone catch fire and burned their home.

 

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The lawsuit claims that a fire was started in the customer's home and that there was a significant source of heat that came from the smartphone's battery area and that they discovered an internal short inside of the battery that caused the fire to begin with.

 

This isn't the first time a smartphone has caused a fire, like the Note7, but this lawsuit is one of the few times that Apple has been sued for faulty batteries. Traditionally, other companies have been sued in the past for faulty batteries that have caused fires, but it sounds like the customer, in this case, didn't get a satisfactory response from Apple about their claim and neither did their insurance company, and now both are suing Apple for damages.

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Intel accuses Qualcomm of monopolistic behavior

By: Lana Jelic | More News: Business, Financial & Legal | Posted: 4 days, 17 hours ago

Intel has thrown their hat into the ring in the fight between Qualcomm and Apple. The reality is that they are kind of the source of this fight, to begin with, and if you look at Apple's complaints, they sound written from Intel's perspective.

 

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The irony, of course, is that Intel is the chip company in question that is supposed to be the only competitor to Qualcomm. Intel accusing anyone of monopolistic behavior after what they did to AMD in the past is laughable.

 

Apple and Qualcomm accuse Qualcomm of being monopolistic, but Qualcomm has many competitors including Huawei, Samsung, Spreadtrum, and MediaTek.

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$32 million of Ethereum stolen by hackers

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 5 days, 10 hours ago

With all of the fluctuations surrounding digital currency and more specifically Ethereum, hackers were able to take a huge $32 million of Ethereum from Parity.

 

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The hackers attacked a vulnerability of Parity, an Ethereum walelet that has implemented multi-sig wallets, securing 153,000 worth of Ether, valued at $32 million at the time of the theft. Parity posted a security alert on July 19, stating that the vulnerability had been fixed, adding "any user with assets in a multi-sig wallet created in Parity Wallet prior to 19/07/17 23:14:56 CEST" was still vulnerable to Ether theft.

 

Ethereum co-founder Gavin Wood also founded Parity, with Parity quickly becoming one of the most trusted wallets available. CyberScoop has reported that a bunch of white hat hackers saved Parity users from even more devastation, taking the remaining multi-sig wallets that were filled with $75 million worth of Ether - a huge 377,000 worth. The hackers have promised to return the $75 million worth of Ethereum once the vulnerability has been fixed.

Avast acquires CCleaner and Speeccy developer Piriform

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 5 days, 13 hours ago

Avast has just announced that it has acquired Piriform, the developer behind CCleaner and Speccy. The deal was announced over a year since Avast coughed up $1.3 billion to acquire its rival, AVG Technologies.

 

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Piriform makes various device performance optimization software, but CCleaner is used by a huge 130 million people, and even 15 million users on Android. In November 2016, the developer announced CCleaner had been downloaded over 2 billion times, with a Piriform product installed over 23 million times per month.

 

Avast CEO Vince Steckler had the following to say about the acquisition of Piriform: "We see many commonalities between CCleaner and Avast, allowing for great new products for our user bases. Avast and CCleaner are the top two downloaded products on popular download sites. They are both known by advanced users as focused on performance, so we believe there will be a great interest from our CCleaner customers in using Avast security products and vice versa".

 

He continued: "In today's connected world, it's all about speed and high performance, and with Piriform's robust technology we can address this need perfectly. We look forward to working with the Piriform team to grow the business together".

 

Avast added that the team at Piriform will become part of the overall Avast consumer business unit, and will report to Avast CTO Ondrej Vleck.

Xiaomi reports record smartphone shipments

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Jul 8, 2017 12:06 am

Xiaomi has had some difficulties in the past, but it seems that's now behind them. The company has announced that the Q2 2017 was the most successful quarter for the company's history, so far.

 

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Xiaomi reported that the company sold 23 million phones globally in Q2 this year, which is 70% more than in Q1.

 

The company recently launched its flagship, the Mi 6, and several other phones. It is also expected that Xiaomi will launch the Mi MIX 2 sometime in the second half of the year.

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Qualcomm unleashes the dragon, wants to ban iPhone sales

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 7, 2017 3:43 am

Qualcomm is taking its legal battle with Apple to the next level, unleashing its flock of legal dragons and requesting that the US government ban new iPhones from being sold in the United States. Qualcomm is also seeking that a sales ban is placed on iPhones that are in the US right now.

 

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The creator of Snapdragon claims that Apple is violating on six patents that it holds, all to do with extending a smartphone's battery life. Qualcomm adds that none of the patents are essential to a standard, meaning it doesn't need to license them, as it is with other patents that Qualcomm and Apple are fighting over now. Qualcomm's General Counsel, Don Rosenberg, said in a statement: "Qualcomm's inventions are at the heart of every iPhone and extend well beyond modem technologies or cellular standards. Apple continues to use Qualcomm's technology while refusing to pay for it".

 

Qualcomm has now heightened the dispute with Apple, but there is a fair bit going on between the companies as it is. It all started with the Federal Trade Commission suing Qualcomm for anti-competitive practices in relation to sales of its smartphone modems, and then Apple jumped on filing a lawsuit which was very similar to the FTC. Apple expanded that lawsuit into two other countries, while Qualcomm slapped its own lawsuits onto the table against not just Apple, but it's suppliers.

 

Apple is complaining that Qualcomm is asking for "disproportionately high" fees for its patents, and is reportedly abusing its position as market leader in smartphone modems. But you know what, Apple? You're making untold billions of dollars selling iPhones, and if you can't make those modems yourself - cough the cash up. It's quite simple, really. On a side note, I think Apple is trying to poke a dragon, and it's going to breath fire in a snap of Qualcomm's fingers.

Mark Cuban invests in Unikrn's upcoming digital currency

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 30, 2017 2:32 am

Digital currencies are all the rage right now with global GPU shortages thanks to Ethereum mining, and just as I've reached 1.15GH/s with 46 graphics cards mining away, eSports betting giant Unikrn has landed the eyes of investor Mark Cuban.

 

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Cuban has announced he is investing in Unikrn, which is in the planning stages of its own token sale, where he said: "I want to learn more about them". He added that he hasn't "signed the paperwork yet. But it's likely it will happen". Unikrn is expected to roll out its initial coin offering (ICO) in September, which will be based on Ethereum. Ethereum mining is one of the hottest trends of digital currency this year, driving a global sell out of AMD and NVIDIA graphics cards.

 

We will be closely covering Unikrn's moves with its own UnikrnGold, a Unikrn currency based on ERC20, which will trade on all of the main crypto exchanges after the initial token sale.

Doctor: use sunscreen when using phones or computers

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 30, 2017 1:29 am

Put your phone down. Turn your computer off. Sorry if you can't read this news, but your LCD is burning you... according to Dr Howard Murad, an American dermatologist to A-list stars like Taylor Swift and Jennifer Lopez.

 

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Murad claims that spending four days (not all at once) in front of screens that emit harmful blue rays, is equivalent to 20 minutes of sunbathing. Murad gave the remarks during a segment on This Morning, saying that we can better protect ourselves with sunscreen when using our smartphones, tablets, and computers. Certain sunscreens have an ingredient called lutein, while foods like goji berries have lutein, protecting you from these harmful rays.

 

It just so happens Murad is the owner of a multi-million dollar skincare range, urging viewers to eat foods that contain the sunscreen-like lutein ingredient, and to apply a tablespoon of lotion to your face before going out into the sun, or snapping a selfie, I guess. Murad said: "Look for sunscreen that contains lutein, because that helps protect from the blue rays. It's really important. It's something that you should be using".

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EU fines Google $2.7 billion for breaking antitrust law

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Jun 27, 2017 5:23 pm

The EU (European Union) has fined Google for a record $2.7 billion for tampering with results on Google Shopping.

 

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The decision came after seven years of investigation which concluded that Google abused its market position and fixed search algorithms.

 

The European Commission said in their ruling that Google has 90 days to "stop favoring its own shopping service or face a further penalty per day of up to 5 percent of Alphabet's average daily global turnover", reports Reuters.

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