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Business, Financial & Legal Posts - Page 107

Kim Dotcom wants to encrypt half of the Internet, would like to keep it away from government surveillance

During an Interview with RT, Kim Dotcom talks of his problems over the past year or so, where the US government accuse the MegaUpload founder of being a 'mafia organization' and set up their Internet business, to be an organized crime network.

 

 

The US government had to say this, as it was the only way to try and extradite Dotcom to the US, as there are different extradition laws in New Zealand. These charges had to be thrown on top, or else the US government wouldn't have a leg to stand on. The goal was to take MegaUpload down, with Dotcom saying "it was their mission".

 

Dotcom talks about Aaron Swartz, the co-founder of Reddit, with RT asking what it's going to take for people to stand up and take action. Dotcom says the US government was exposed in this case, as they went in with all guns blazing, spying on citizens, illegal search warrants, and more. Dotcom says it was an urgent mission, they just wanted to take him down.

 

Dotcom then heads into discussion about Mega, and encryption on the Internet as "nothing seems safe from prying eyes", says the RT interviewer. Dotcom talks about the US government spying in people, spy clouds, massive datacenters that store data on citizens - storing any communication that goes through US networks. They're not spying on citizens based on an action, but a permanent spying solution.

Continue reading 'Kim Dotcom wants to encrypt half of the Internet, would like to keep it away from government surveillance' (full post)

Belkin acquires Cisco's Home Networking division, includes Linksys

Belkin have just announced that they have plans to acquire's Cisco's Home Networking Business Unit, which includes all of its products, technology, employees and even Linksys. Belkin have said that they will maintain the Linksys brand and will continue to offer support for Linksys products.

 

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Support will include honoring warranty for all valid products under the Linksys umbrella, as well as future products. Once the deal is closed, Belkin will account for around 30% of the US retail home and small business networking market. It has worked out well for Cisco, who was looking to exit the consumer space and Belkin who are looking to juice up their presence in the consumer space scooping up Linksys and various other parts of Cisco's business will only help them achieve their goals.


Intel receives permission to build a new $4 billion fab plant in Ireland

Intel are set to build a new processor fabrication plant in Ireland, after they received permission from the Irish planning agency An Bord Pleanala. The Ireland fab plant will cost the chipmaker $4 billion, but the plant will be pumping out 14nm processors.

 

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The only roadblock now is Intel management's final decision before construction plans begin. The Ireland fab plant will be a redevelopment of an existing facility in Country Kildare, and has been in the planning stages from as early as 2011. When construction is finished, which will take two years, it will give Intel 245,000 square meters to play with their next-generation 14nm-based processors.

 

The construction will employ close to 3,500 construction workers, and once the plant is complete, the plant itself will employ 800 full-time staff for chip production.

Microsoft's Q2 2013 financial results are in, posts $21.46 billion in revenue

Microsoft has come out with their Q2 2013 financial results and they managed to pull in $21.46 billion in revenue for the quarter. This equates to a 2.7 percent increase year-over-year. Even with a slowing PC market, however, Microsoft's Windows division posted revenues of $5.88 billion, up 24 percent from last year.

 

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Microsoft reported earnings per share of $0.76 and a $6.38 billion net income.

 

"We saw strong growth in our enterprise business driven by multi-year commitments to the Microsoft platform, which positions us well for long-term growth," said Peter Klein, chief financial officer at Microsoft. "Multi-year licensing revenue grew double-digits across Windows, Server & Tools, and the Microsoft Business Division."

 

"We see strong momentum in our enterprise business. With the launch of SQL Server 2012 and Windows Server 2012, we continue to see healthy growth in our data platform and infrastructure businesses and win share from our competitors," said Kevin Turner, chief operating officer at Microsoft. "With the coming launch of the new Office, we will provide a cloud-enabled suite of products that will deliver unparalleled productivity and flexibility."

 

Microsoft's full report is available on their website.

Continue reading 'Microsoft's Q2 2013 financial results are in, posts $21.46 billion in revenue' (full post)

RumorTT: Lenovo thinking about acquiring BlackBerry maker, RIM

Research in Motion (RIM) aren't doing well these days, so the rumors of Lenovo acquiring them make sense right now. We have Lenovo's Chief Financial Officer, Wong Mai Ming, mentioning during an interview that Lenovo were looking at multiple companies for acquisition and strategic alliances in order to help their mobile business.

 

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According to Ming, one of these targets is the company behind the BlackBerry, RIM. Ming didn't talk about timeframes, or even whether they would eventually acquire RIM, but he did state that Lenovo would have no hesitation if the right opportunity was to drop at their feet that would benefit both the company itself, and its shareholders.

 

Lenovo doesn't have much of a presence in the US smartphone market, but they do have a decent amount of power in the Chinese market. Their upcoming K900 smartphone will be one of the first smartphones to launch featuring Intel's new dual-core Atom processor. The K900 is a 5.5-inch, 1080p IPS display-powered device that is just 6.9mm thick and weighs just 5.7 ounces. This should definitely have tongues wagging and the sheer mention of a RIM deal would have all ears listening if it were to happen.

Amazon enters the text-to-speech game, buys IVONA - look out Siri?

Amazon announced this morning that it had acquired text-to-speech software developer IVONA, the company who developed the Kindle Fire's Text-to-Speech, Voice Guide and Explore by Touch features.

 

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Ivona's software holdings are not limited to Android based devices. The company delivers text-to-speech products and services for thousands of developers, businesses and customers around the world. This could be the beginning of a true competitor for Apple's Siri, or even Google's Voice Search.

 

"IVONA's exceptional text-to-speech technology leads the industry in natural voice quality, accuracy and ease of use. IVONA is already instrumental in helping us deliver excellent accessibility features on Kindle Fire, including Text-to-Speech, Voice Guide and Explore by Touch," said Dave Limp, Vice President, Amazon Kindle. "The IVONA team shares our passion for innovation and customer obsession, and we look forward to building great products to deliver world-class voice solutions to customers around the world."

United Kingdom fines Sony $395,000 over 2011 PlayStation Network hack, plans to appeal

How many of you remember the incident with Sony and its PlayStation Network back in 2011? I am of course talking about the hacking incident that crippled the network for months. The Information Commissioner's Office of the United Kingdom sure remembers, and has fined Sony 250,000 GBP ($395,000 USD) over the ordeal.

 

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The report released by the ICO states that personal data, such as names, addresses and payment details, were unprotected and at risk. "If you are responsible for so many payment card details and log-in details then keeping that personal data secure has to be your priority," said an ICO Deputy Commissioner and followed with "the security measures in place were simply not good enough."

 

Sony has stated that it "strongly disagrees" with the ruling, and plans to appeal against the fine. A spokesman for the company said that "Sony continually works to strengthen our systems, building in multiple layers of defense and working to make our networks safe, secure, and resilient."

AMD CEO says they'll return to profitability in the second half of this year

AMD aren't doing so well right now, especially when compared to Intel or Apple's latest financial results, but according to reports, CEO Rory Read has outlined the company's three-phase restructuring goal.

 

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Those restructuring goal will see AMD return to profitability by the second half of this year. Read has said that the return to profitability will take more than one quarter, and will involve a total restructuring of how the company runs its business. The chipmaker will also deliver a new set of powerful products this year, as well as begin the transitioning of the company in order to take advantage of high-growth opportunities in other markets where their IP could provide others will a competitive advantage.

 

These markets include things like servers, custom silicon, the embedded space and ultra-low-power products such as gaming consoles. Considering AMD have reportedly won contracts to have their products in every single next-gen gaming console, this is a huge, huge uptick for AMD. AMD hopes to collect 20% of their revenue from these 'alternative' markets by the end of the year.

Continue reading 'AMD CEO says they'll return to profitability in the second half of this year' (full post)

AT&T experiencing U-verse server outage

It looks as though AT&T are experiencing some problems, and they are reportedly working around the clock to get their U-verse service back in operation. There is a reported server problem that has left less than 1% of their U-verse phone, Internet and TV customers without service.

 

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AT&T of course, could say anything right now, but that isn't stopping users from getting upset. U-verse users have taken to social networks to complain, which AT&T says affects just 6,000 customers - but that isn't the point now, is it? The affected consumers are as far away as Texas, Oklahoma, North Carolina and Florida.

 

AT&T released an update on Wednesday afternoon, where they said that the problem isn't too widespread, with spokesman Lance Skelly saying in a statement:

 

This issue currently affects less than one percent of our U-verse subscribers, but that is too many and we are working hard to fix this. We are making progress in resolving the issue, which is related to servers supporting U-verse, and are working to determine when service will be completely restored. We apologize for this inconvenience.

Google releases latest Transparency Report, shows US government leader in requesting data

Google's semi-annual Transparency Report has been updated today and the new data shows that requests for data from the search giant continue to increase. The US government leads the way in requesting data from Google. In fact, the amount of data requests as increased by more than 70 percent since 2009.

 

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For the period from July to December, Google received 21,389 requests for information about 33,634 users. The United States government led the charge with over 8,000 requests for information that encompassed almost 15,000 user accounts. 88 percent of these requests had at least some data produced.

 

India was the next highest on the list, but only requested about 25 percent of what the US did. They made 2,400 requests about roughly 4,000 users. France, Germany, UK, and Brazil round out the list of governments who put in more than 1,000 user data requests.

 

Google has pushed on other companies to put forth similar data sets. Facebook would be a really important report, if they were to issue one. However, they say that "We do not have any immediate plans to release a report, however, we have been working diligently on meaningful transparency such as the Law Enforcement Guidelines in the Help Center and our work with the Digital Due Process coalition to ensure the privacy of our users. While we will continue to evaluate our plans in this area, we devote our primary efforts to auditing every request we receive to ensure the strictest compliance with law."

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