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Business, Financial & Legal Posts - Page 106

US VP Joe Biden says there is 'no legal reason' that violent media can't be taxed

According to United States Vice President Joe Biden, there is no reason that the United States government couldn't tax violent media. This means that we could soon see a violent media tax aimed at encouraging the reduction of violent media consumption. The tax would likely aim to function much like taxes on cigarettes and alcohol: to reduce consumption without making it illegal.

 

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In regards to Reverend Franklin Graham's idea of taxing violent media, Biden is quoted as telling Politico that there's "no restriction on the ability to do that; there's no legal reason why they couldn't." Funds raised by the tax would be used to help victims of gun-related violence.

 

It's not clear whether this would pass Congress or how much the tax would be. We will, of course, let you know of impending votes and other issues if this idea starts to gain traction.

Amazon picks up Liquavista, the Samsung-owned touchscreen company

Amazon has acquired Liquavista, a touchscreen company previously owned by Samsung. This acquisition has sparked rumors that Amazon could be planning to use the company's technology and expertise in future Kindle devices. A specific purchase price was not available, though the price was likely less than $100 million.

 

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Liquavista will likely lead Amazon to producing a full-color, low-power touchscreen for its Kindle line of e-readers. "We are always looking for new technologies we may be able to incorporate into our products over the long term. The Liquavista team shares our passion for invention and is creating exciting new technologies with a lot of potential. It's still early days, but we're excited about the possibilities and we look forward to working with Liquavista to develop these displays," an Amazon spokesperson said.

Amazon giving $5 in Amazon Coins to each Kindle Fire owner

Good news for all the Kindle Fire owners out there. Amazon has deposited $5 in Amazon Coins in your account. All registered owners have received 500 free coins, each valued at $0.01. These Amazon Coins are a new virtual currency started by Amazon, which was first seen in February.

 

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The money is used much like Microsoft Points or Facebook currency and can be spent on games, apps, and in-app purchases. Amazon is offering bulk-purchase discounts, which will help tempt some people into buying more than they would otherwise. Once you've converted your cash into coins, you're stuck with them.

 

"We will continue to add more ways to earn and spend Coins on a wider range of content and activities-today is Day One for Coins," Mike George, VP of games and apps at Amazon.

 

It's worth noting that other virtual currencies haven't been too successful. Facebook is working on ending Credits and many people dislike Microsoft's use of Points. We'll have to wait and see if Amazon's Coins stay around for the long haul.

Sharp to slash 5,000 jobs will refocus on smartphone displays, large HDTVs and 4K TVs

Sharp will reportedly announce a three-year recovery plan next week, and will slash 5,000 jobs as part of this recovery plan in order to turn the struggling Japanese company around.

 

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The Asahi Shimbun has reported that the number of directors and advisory positions will be slashed in half, with the number of positions at Sharp's main office in Osaka, Japan to be reduced by 50%. There will be layoffs in China and Malaysia, also. In order to increase profits, Sharp will refocus their efforts to producing more smartphone screens, big HDTVs and 4K TVs.

Activision CEO warns PlayStation 4 and Xbox 720 sales might start slow like Wii U

During Activision's recent earnings call, CEO Bobby Kotick warned that the Xbox 720 and PlayStation 4 might suffer slow sales, much like the Wii U has been experiencing since its launch last November. Kotick adds that new competition from smartphones and tablets could play into customer demand.

 

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We continue to face the uncertainties of the console transition. There are still many unknown factors, such as pricing, launch dates and quantities, the level of first-party support and, importantly, consumer purchase intent in a world where consoles are no longer just competing with each other, but also with new platforms, such as smartphones and tablets.

 

In addition, the newest console, the Wii U, has had a very slow start. All of these factors further heighten our concerns heading into the back half of the year, particularly during the very competitive fourth quarter.

 

It's worth noting that NVIDIA's upcoming Tegra 4 is capable of running games with graphics similar to those that the Xbox 360 and PlayStation 3 launched with. And with NVIDIA's Grid technology, those graphics can be improved to levels higher than the next-generation consoles are believed to be capable of.

 

Ultimately, the consoles' success depends on launch games and customer reception. Sony and Microsoft need to provide features that aren't available on alternatives at a price where consumers don't have to think too much about their budget.

Canalys' reports that Android has 75% of smartphone shipments in Q1 2013

Canalys' latest report states that Android made up 75.6% of all smartphone shipments during Q1 2013, an increase from the 69.2% for the previous quarter.

 

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Canalys estimates that 216.3 million smartphones were shipped in the three-month period, which is around the same number shipped for the previous three-month period ending 2012. Samsung leads the shipment, making up around one-third of all smartphone shipments, with Apple making up 17% of the lot. Huawei, LG and ZTE are all next, with less than 5% of the market each.

Department of Defense forces 3D-printed gun plans off the Internet

The Liberator, the world's first 3D-printed guns has had its plans of construction removed from the Internet. The Department of Defense (DoD) had the plans removed from Defense Distributed.

 

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Defense Distributed, founded by Cody Wilson, had plans for The Liberator on his website, allowing anyone to access the plans and if they owned a 3D printer, to make the firearm from plastic. Over 100,000 copies of the plans were downloaded before the DoD slammed the ban hammer down. A banner on the website says:

 

[Defense Distributed's] files are being removed from public access at the request of the U.S. Department of Defense Trade Controls. Until further notice, the United States government claims control of the information.

Continue reading 'Department of Defense forces 3D-printed gun plans off the Internet' (full post)

Judge rules Google must turn over documents to Apple in Samsung case

A judge has ruled that Google must turn over information about how it searched its documents to Apple. Judge Paul S. Grewal ruled in the latest Samsung and Apple fight that Google's argument of the discovery being too burdensome was not the case and ordered Google to turn over the requested documents within 48 hours. Google had previously argued Apple was not entitled to the documents.

 

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He also noted the irony of Google's argument: "The court cannot help but note the irony that Google, a pioneer in searching the Internet, is arguing that it would be unduly burdened by producing a list of how it searched its own files." Documents must be provided to Apple within 48 hours.

 

Grewal argues that the documents will aid in discovering whether or not Google's production was sufficient. The latest lawsuit is between Apple and Samsung and does not directly involve Google. Google, however, is being brought into it by Apple who asserts that most of the infringing functions are part of Android.

NVIDIA's Q1 earnings better than expected, stock climbs in after-hours trading

NVIDIA has announced its first-quarter earnings. The earnings ended up beating out expectations, but still aren't as good as last quarters. NVIDIA pulled in a total of $77.9 million in profit, which is down 55 percent from last quarter. It is, however, up 29 percent year-over-year.

 

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Revenue came in at a total of $954.7 million. This follows the same trend as the profit: down from last quarter, up year-over-year. Tegra sales were down as NVIDIA works to transition to the newer Tegra 4. NVIDIA hopes Tegra 4 will power growth for the company this year.

 

Investors are happy with how NVIDIA is performing, along with their $1 billion buyback and dividend program. In after-hours trading, NVIDIA's stock has risen one percent to $14.05.

Sony doesn't expect to lose money on the PlayStation 4 at launch, unlike what happened with PS3

Sony has said that it doesn't expect to lose money when it launches the PlayStation 4. Unlike the PlayStation 3, the new next-generation console features mostly standard PC hardware, making it both cheaper and more readily available. Additionally, Sony didn't have to spend money developing the hardware as someone already did that for them.

 

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According to Sony CFO Masaru Kato, Sony expects to not incur a major loss at launch. On the conference call held earlier today when they announced a profit for the first time in five years, Kato said, "Unlike PS3, we are not planning a major loss to be incurred with the launch of PS4."

 

At the time we developed PS3, we made a lot of in-house investments to develop the chip, the Cell chip. Development of the chip saw the silicon processing and all the facilities invested by us ourselves. But this time, yes we have a team working on chip development, but we already have existing technology to incorporate and also product investment and all the facilities will now be invested by our partners, other foundries, so we don't have to make all the investment in-house.

 

We are still waiting on actual pictures of the console, but from what Ubisoft developers are saying, the console is quite the capable machine. We have yet to see what Microsoft has in store for the next Xbox, but we believe from rumors that it will feature a similar PC-like hardware scheme.

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