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Business, Financial & Legal Posts - Page 111

Intel CTO steps down, passes an age-related law of Intel - is too old to be a corporate officer

Intel has a strange age-related by-law, that requires all corporate officers to be aged 65 or under. This has forced Intel's Chief Technology Officer, Justin Rattner, out of his position as he is now 65 years old.

 

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Rattner joined the company in 1973, becoming Intel's first Principal Engineer in 1979, the fourth Intel Fellow in 1988 and one of the first Intel Senior Fellows in 2001. He has participated in more Intel keynotes than any other Intel presenter, and has four important patents with his name stamped to them: a data processing system; a hardware scheduler/dispatcher for said data processing system; an interprocessor communication system, and a programmable I/O sequencer for use in an I/O processor.

 

Rattner will step down from his position with Intel Labs, and report to Intel's President, Renée James, in the meantime. It has worked out well, as his departure is straight away, with Intel stating that a "pressing family matter" has happened, and he needs to take an unspecified amount of personal leave from Intel. Upon his return, he will be an a non-officer role.

Samsung to invest $84 million in India in order to boost their mobile production

The Press Trust of India reports from industry sources that Samsung is set to invest more than $84 million in India in order to boost their mobile production capacity.

 

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The Next Web talked to a Samsung spokesperson who said that the South Korean company are looking to strengthen their manufacturing presence in India in order "to fulfill growing needs in the market." Not only that, but it looks like the Indian government have been approached by Samsung who hope to use incentives that the Department of Electronics and IT have been dishing out.

 

India is a huge emerging market, and with Samsung sitting right there producing handsets, it can only be win-win for all involved.

Nokia purchases Siemens' share of joint venture in Nokia Siemens Networks for $2.2 billion

Bloomberg are reporting that Nokia have just confirmed they're taken full control over the joint-venture they had in Nokia Siemens Network, buying out their partner Siemens for $2.2 billion.

 

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Nokia Siemens Networks was unprofitable, with both Nokia and Siemens attempting, but failing to sell it to private investors last year. They cut 17,000 jobs (nearly 1/4 of their entire staff) and have seen earnings jump slightly. Nokia Siemens Networks posted a profit of $1.2 billion during Q1 2013, which was a nice 117% increase year-over-year.

Microsoft loses the SkyDrive trademark to BSkyB in Europe

Jumping over to the UK for this piece, where Microsoft have lost a trademark case over their branding for cloud storage service SkyDrive. The ruling, which covers both the UK and EU, stated that Microsoft infringed on British Sky Broadcasting's trademark of the Sky brand with SkyDrive.

 

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The ruling saw that it is possible for consumers to confuse the two brands, somehow. Sky, from BSkyB, offers their satellite broadcasting service, mobile apps and streaming to customers, and previously a cloud storage product but it fell under the name of Sky Store & Share. Microsoft have of course thrown in a counterclaim to invalidate four Sky trademarks "on the grounds of descriptiveness for cloud storage services."

Samsung dominates the iPhone when it comes to phone subsidies

Samsung have done quite well for themselves over the last couple of years, fighting against the near-invincible iPhone. How does it compare to Apple in regards to phone subsidies, something Apple usually have the most control over?

 

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Samsung are actually out and ahead, according to market research firm ABI Research and their latest report. They've said that the average implied carrier subsidy for a Samsung smartphone in the US is around 84%. What this means is that phone carriers cover 84% of the up-front costs of a Samsung phone when a consumer buys one on a contract.

 

The carrier then makes the money back on the two-year contract you've just signed through various fees and monthly charges. HTC see a subsidy of around 80%, with the iPhone sitting at 74%. ABI analyst, Stuart Carlaw, says: "Samsung continues to squeeze its competitors at every turn. The Samsung [Galaxy S4] is now considered on a par with Apple's iPhone 5. Coupled with better subsidy, the breadth of its device portfolio, increasingly savvy marketing, and its excellence in channel execution, it is little wonder Samsung is dominating the mobile handset market from top to bottom."

Gamers in Sweden get slapped with 'LAN party tax', costs organizers thousands for a 'permit' to hook PC's together for fun

My fondest memories as a kid growing up was growing up through the network area of connecting PC's together for some Quake, Duke Nukem, Command & Conquer and good old file sharing - but those days could be ending in Sweden, where there is now a "LAN party tax".

 

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From now on, organizers of LAN parties will have to pay a fee of up to $5,000 so that they can receive a "permit" that will allow them to connect together PC's or gaming consoles. The ruling was made legal by the Gambling Board, who are the supervisory authority for gaming and lottery and in accordance with the liberal government's revised slot machine regulation of last year.

 

Now video games fall under this umbrella, and LAN gamers and organizers are only going to suffer. General Counsel at the Gaming Board, Johan Rohr, has said that "in the eyes of the law, these are slot machines." Not only will the LAN organizers be slapped with a fee for the "permit", but they could also be up for paying extra for an inspection fee if the Gambling Board decide to check the party out.

 

What do you think of these laws? Are they utterly ridiculous or what?!

RumorTT: TSMC will become Apple's main supplier of in-house A-series processors

Just what will Apple do to get their A-series processors pumped out in enough quantity to keep up with consumer demand on their next-gen iPhone and iPad? Well, you ask for Taiwan Semiconductor Manufacturing Company (TSMC) to lend a hand.

 

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The Wall Street Journal is reporting that Apple are working with TSMC, which will see the Taiwanese company become the lead supplier of Apple's in-house designed A-series processors, with a ramp up expected in early 2014 with 20nm SoC processors. TSMC have been an Apple supplier for years, but have had trouble keeping up with Apple's strong standards on increasing the speed, power and quality of their processors.

 

The WSJ has said that the two companies have been talking about a deal since 2010, where at the time Samsung was Apple's exclusive supplier of A-series processors, but this will change as Apple wants to distance themselves from their main competitor.

BlackBerry misses its sales mark, shares decline more than 27%

BlackBerry reported its earnings and sales figures today. Unfortunately for the company, those numbers were lower than expectations. Because of this underwhelming performance, BlackBerry shares declined by over 27 percent today. The price per share for BlackBerry now sits at around $10.46, or the lowest they have been since November of last year.

 

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Many analysts expected BlackBerry to sell around 3.5 million BB10 devices this quarter. Instead, the company managed to sell just 2.7 million. To put this figure in perspective, Nokia sold nearly double the amount of devices as BlackBerry, which still isn't saying much. BlackBerry sat at an operating loss of $84 million, or 16 cents per share. This is quite a bit better than this quarter last year in which BlackBerry lost of $500 million. Revenue was also up 9 percent to $3.1 billion.

 

BlackBerry still has quite a bit to do if they want to stick around. Some have called for the company to split its hardware and software business, something that the company says it isn't planning to do. Do you think BlackBerry has a chance at sticking around?

Yelp files suit against business selling fake reviews

Yelp has become the de facto service for customer reviews on local businesses, and as with any user submitted review service, fake reviews have began to pop up. While some of these reviews are made by the business owners themselves others are made by companies who are paid by the business owners to flood their pages with good reviews.

 

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This trickery can lead to a business seeing a major rise in customers if enough good reviews pop up during a certain period of time. Yelp attempts to remove most of these fake reviews but new ones are added just as quickly as the old ones are taken down, and now yelp has decided to attempt to put a stop via the legal system.

 

The company has filed a lawsuit against BuyOnlineReview.net which is the owner of BuyYelpReview.com. The complaint which was filed last week looks to shut down both sides through a court injunction as well as complete reimbursement of Yelp's legal fees and three times the amount of revenue either site made from selling fake Yelp reviews.

Uber lands its private car service in Taipei Taiwan, second launch in Asia this week

Uber continues its ingress into Asia today as it rolled out its popular private car service in Taipei, Taiwan. Earlier this week, the company made its Asia debut by launching in Seoul, Korea along with three other cities in the region.

 

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This year Uber has raised more than 55 million in funding from investors alone and usually launches a test phase "soft launch" before fully rolling out the service. Over the next 4 to 6 weeks Uber will begin to transition from this test phase into the fully operational service in both Seoul and Taipei.

 

Whether you're out on the town in the Xinyi , go shopping on Zhong Shan Bei Road, or have dinner in Dongqu, Uber (@Uber_TPE) will get you where you need to be in comfort and style, typhoon or shine. The base fare is NT$126, with a rolling charge of NT$30 per kilometer (when travelling over 18km/h) or NT$16.50 per minute (when travelling below that speed - aka affected by traffic jams). The minimum fare is NT$230 and the full Taipei pricing can be found here.

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