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Business, Financial & Legal Posts - Page 12

Seagate to slash over 8000 jobs in the next 12 months

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 14, 2016 11:47 am

Seagate is the latest company to announce massive layoffs, with the HDD giant set to slash another 6500 jobs across its workforce in the US, Asia and EMEA regions.




The new culling over at Seagate represents around 14% of its global workforce, which will join the 1600 people being let go as part of its restructuring plans announced last month. Seagate is set to save around $164 million from the layoffs, but it's also expected to lower its expenditures going into the future.


Seagate has also recently said it will be reducing its manufacturing capabilities, from around 55-60 million HDDs per quarter, to just 35-40 million per quarter. The company hasn't said how it will be reducing its manufacturing capabilities in detail, so we should expect to hear more news on that front in the near future.

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Sharing your Netflix password is now a crime

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jul 11, 2016 5:32 pm

Sharing one's Netflix password with a family member or friend is a somewhat common practice, but a new ruling by the United States Court of Appeals for the Ninth Circuit has rendered it a prosecutable crime under the Computer Fraud and Abuse Act (CFAA). The ruling pertained to large, serious crimes that threaten security and privacy of company data, but has residual effects on common users, potentially including those who share passwords of any kind.




Ninth Circuit judge Stephen Reinhardt opposed the ruling, saying it could turn thousands into "unwitting federal criminals" and that it "loses sight of the anti-hacking purpose of the CFAA, and... threatens to criminalise all sorts of innocuous conduct engaged in daily by ordinary citizens."

Nintendo stock increases 23% riding the insane success of Pokemon GO

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 11, 2016 6:33 am

Pokemon GO is really blowing up all over the world, with Nintendo stock enjoying a sharp rise of 23% in the last few days.




Nintendo's stock hasn't performed this well since August 2015, and while it isn't as strong as it was back when the Japanese gaming giant launched the Wii, Nintendo stock is up 36.3% since Pokemon GO launched not even a week ago.




The daily active users (DAU) playing Pokemon GO is incredible, and by incredible - we mean it's at the levels of the DAU of Twitter. Yeah, you know - the world's second largest social network. Pokemon GO is now rivaling Twitter for daily active users. These numbers are freakin' amazing.

Bitcoin's new anti-inflation code means twice the work, same profits

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 10, 2016 12:28 pm

Bitcoin mining just got harder, with Reuters reporting that the digital currency system now has new anti-inflation code, which makes mining Bitcoins twice as long.




Previously, the reward for Bitcoin mining would be 25 bitcoins ($16,000 or so) being mined every 10 minutes, but that now takes 12.5 minutes. The measure automatically starts every four years in an attempt to stop inflation that many miners are worried about, especially with quicker and quicker computers mining Bitcoins, outpacing desktop PCs.


Dedicated miners are going to be pissed, as they'll need to work twice as hard to get the same money from bitcoins, and then the hardcore/professional bitcoin miners might to rethink their entire business.

E-tailer Kogan shares fall in volatile market debut

By: Ben Gourlay | More News: Business, Financial & Legal | Posted: Jul 7, 2016 6:24 am

Australian online retailer Kogan has floated on the Australian share market today and quickly slumped in a volatile debut.




According to ABC, Kogan shares dropped well below their initial offer price of $1.80, down nearly 12% to a low of $1.495 a few hours after trading begun. The cash injection from the float will be used to invest in new products and product lines. The company forecasts sales of $241 million this year and earnings of $6.9 million.

Sega continues strategy genre push, acquires Endless Space developer

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jul 5, 2016 6:25 pm

Sega is cementing itself as a premiere PC strategy game publisher with its acquisition of Endless Space developer Amplitude Studios today. The company already owns Total War developer Creative Assembly (CA) and as of more recently, Dawn of War developer Relic Entertainment.




The studio commented on the deal on Amplitude community site, noting its relief in not having to deal with sales and marketing anymore.


"What we want to do is to focus on making games; that is why we created Amplitude. But with the pressure on sales and marketing we found that more and more time was dedicated to everything else - everything that we didn't have the size and scale to deal with. So we decided to look for the best partner we could to protect us from these distractions so that game development did not become a chore, but remained a passion."

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AMD acquires HiAlgo which works on dynamic resoution scaling, and more

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 1, 2016 8:06 am

When AMD flew out the technology press to Macau for its huge unveiling of the Radeon RX family, including the Radeon RX 480 which we reviewed yesterday, one of the more exciting things was something I couldn't talk about... until now.



AMD teased that it had acquired HiAlgo, and while HiAlgo sounds like some random little company of no significance - it is of the utmost significance when you begin putting the pieces of the puzzle together. First off, what does HiAlgo do? HiAlgo, as it explains on their website; "developers apps for 3D games that improve [the] gaming experience". There are three different products HiAlgo has created; BOOST, CHILL, and SWITCH.


BOOST is a utility that HiAlgo says will make your "gameplay smoother, with smaller lag" during those intense moments. BOOST will lower the rendering resolution which in turn, improves the performance of the game. CHILL is a smart framerate limiter that prevents both the CPU and GPU from hitting its maximum temperature, while at the same time it saves power and provides a few additional minutes of battery life to your gaming notebook. SWITCH on the other hand is very interesting, as it allows you to change the game resolution from 100% to just 50% with a single push of the button, providing an instant performance boost.

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Woman wins $10,000 in forced Windows 10 upgrade case

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jun 27, 2016 4:31 pm

While Windows 10 is a fine operating system, it's drawn a lot of ire from those not yet ready to upgrade to it (and even some from those who have) in light of Microsoft's aggressive tactics. Late last week, there was a win for the people when California resident Teri Goldstein sued Microsoft when her failed Windows 10 upgrade reportedly rendered her system unusable and customer service couldn't help her. Goldstein won the case and was granted $10,000 for lost time and the cost of a new system.




While $10,000 is chump change to Microsoft, the win provides a precedent for potential future cases.


The software giant appealed the initial judgment but later dropped it, which it claims was to avoid the expense of further litigation (no doubt increased exposure was a concern as well).

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HTC's former CEO has now left the company, is now retired

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 23, 2016 8:59 am

Peter Chou was the CEO of HTC until last year, when he was replaced with Cher Wang, after the negative early reviews of HTC's One M9 smartphone. Wang replaced Chou as CEO, with Chou moving into the lead role of the HTC Future Development Lab.




According to the latest reports, Chou left his position at HTC in September, when he became the chairman of visual effects company co-founded with Avatar director James Cameron, Digital Domain. It's now owned by Hong Kong's Sun Innovation, with HTC confirming in a statement: "HTC can confirm that Peter Chou retired from the Company after assuming the chairmanship of Digital Domain in September 2015, although he was retained as an Advisor to enable HTC to leverage his extensive experience. We thank Peter for his long-term commitment to the business and wish him well in his retirement".


With the position and change of job titles after being dethroned at HTC, it looks like Chou could've been in firing limbo, bouncing around HTC. HTC could've ended it quickly, but he was provided with time to find a new position, and leave the company without a big fuss in the media.

Intel making another attempt at overturning antitrust fine

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jun 22, 2016 2:33 pm

In 2009, Intel was penalized by the European Commission with a $1.2 billion fine for achieving an unfair market advantage against AMD when it provided rebates to manufacturers in exchange for purchasing 95 percent of chips for their computers from Intel. Additionally, the remaining 5 percent from AMD were said to have had "restrictive conditions" imposed on them by Intel.




Intel appealed the ruling two years ago, which was rejected; now it's making a final attempt. Intel lawyer Daniel Beard says the Commission did not analyze "all relevant circumstances" to definitively determine whether the rebates in question did indeed shut out AMD.


Meanwhile, the Commission's lawyer Nicholas Khan maintains the position that Intel intended to "[marginalize] or even [eliminate] its only competitor."

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