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Apple believes Campus 2 will add 7K new employees, $32M in property tax, 9K construction jobs, $66M in public improvements
Apple has released a study detailing the economic benefits they expect to see from the new Campus 2 project in Cupertino. This report details new jobs, revenues, and other benefits the city can expect from the project that was originally started under Steve Jobs' leadership.
Apple expects to add 7,400 new employees in the new campus, bringing more spending money for the shops that rely on Apple employees. Apple is already the largest employer in Cupertino with around 16,000 employees. With the new campus, that number would swell to 23,400. Apple also expects to create 9,000 construction jobs for people working on the building of the new campus.
Apple estimates that they will pay roughly $32 million more--on top of the $25 million paid in 2012--in property tax. Apple will also pay $15.4 million annually to the Santa Clara Valley Transportation Authority. A one-time additional payment of $38.1 million will be provided for construction fees and taxes.
The report also states Apple will provide $66 million in local public improvements, including $2.5 million for affordable housing. $35 million of that will be used on a "transportation demand management program."
Samsung has finally come out on top of a legal struggle with the Cupertino giant. The United States International Trade Commission has ruled in favor of Samsung, who argued that Apple infringed upon a patent for a specific component used in the older, AT&T-only iPhones and some iPads.
The ITC ruled that Apple wasn't infringing upon other patents asserted by Samsung, however, they have still banned imports of the AT&T iPhone 4, 3GS, iPad 3G, and iPad 2 3G. The White House now has 60 days to veto the decision. Meanwhile, Customs will determine the scope of the ban. Apple has the ability to appeal the verdict, if not vetoed by the White House.
Apple could find its devices being held at the border, making supply tight for AT&T iPhone 4's. Apple will likely argue that the patent needs to be licensed on a FRAND basis, however, this argument hasn't worked with the ITC.
Now unemployed employees of the game studio OMGPOP have taken to Twitter to announce that they have been unceremoniously laid off. Many will remember that Zynga acquired OMGPOP just over a year ago after their smash-hit Draw Something. Now, the studio originally purchased for $200 million or so has been shut down.
TheNextWeb has done some calculations and worked out that it likely has cost Zynga at least $400,000 per day for the studio. This includes the purchase price and write down. They use a generous guess that OMGPOP was revenue neutral, meaning its profits offset its expenses for staffing and such.
That's a steep figure, though they might make some of it back with Draw Something 2. Either way, Zynga has a lot of work head of them to make that purchase up.
Zynga is laying off 18 percent of its workforce--some 520 employees--in an effort to save money. As part of this layoff, Zynga will be refocusing on mobile. The move is estimated to save Zynga around $80 million in staff costs. Offices in New York, Los Angeles, and Dallas will be closed as well.
These additional infrastructure savings will boost that $80 million in savings figure, likely by quite a bit. Offices in San Francisco, Beijing, Bangalore, and various other small office locations will remain open and staffed. Zynga has confirmed that all of the staff affected by this will be laid off by August.
Zynga has struggled to adapt to the massive changes to its core revenue source. Started as a web game company, the onslaught of smartphones and mobile gaming has damaged their bottom line.
LSI, the company behind the popular SandForce SSD controllers, has been ranked number one in the world for SSD controller revenues. This ranking is based upon data released by Forward Insights and is for revenues from 2012. The data showed that SLI increased its revenue share to 38 percent, or almost double that of the closest competitor.
SSDs continue to take the world by storm, showing up in more and more systems as the default device. Prices continue to drop and demand responds accordingly. The fact that LSI has moved into the number one position goes to show just how popular their SSD controllers are.
Phil Brace, executive vice president, Storage Solutions Group, LSI Corporation:
Our leadership in SSD controllers reflects our comprehensive solutions portfolio and the multiple ways we can engage with customers to help them rapidly gain the benefits of flash for their applications. FSPs with LSI DuraClass technology provide best-in-class endurance, performance and power efficiency and are seeing wide adoption as customers in enterprise, cloud and client computing increasingly turn to flash.
Computex Taipei 2013 - We've already seen some pretty cool things in Day 0 of Computex, but something that really caught our eye was the color change in AMD's logo. Usually it's green, but we've seen it displayed at Computex in black.
Is this a change for AMD? They really are on a roll right now, with contracts for all three next-gen consoles and a great thing going for their Radeon GPU's, but does this constitute a change in their logo color? We think they're going to be announcing something big, and this color change is all about that. They have to fight Intel and their fourth-generation "Haswell" processors, don't they? Go AMD, go!
Kim Dotcom has won another legal battle in regards to the raid on his mansion back in January 2012. New Zealand's High Court ruled that the warrants used during the raid were illegal. This is good news for Dotcom as it means the police must return all non-relevant assets to Dotcom.
Police will also be required to provide copies of all evidence they've used in the prosecution of Dotcom, which means Dotcom should get access to all evidence collected during the raid. The High Court also demanded US officials destroy any copies of information that contained data irrelevant to the case.
Dotcom isn't completely in the clear as of yet. He still faces a hearing in August that will determine if he will be extradited to the US. If extradited, he will face charges of piracy for his part in Megaupload.
Next-day TV streaming provider Hulu has been seeking a buyer. Reports of several interested companies have popped up over the past week or two and now DirectTV has reportedly offered $1 billion for the company. DirecTV would be competing with Yahoo, Time Warner Cable, and possibly others for the company.
Bloomberg reports that there are at least two other unknown companies that have offered at least $1 billion for Hulu. Hulu's board of directors are reportedly entertaining at least seven buyout offers. They plan to narrow their focus to three of four offers in a few weeks.
DirectTV's stock has fallen 3 percent to $61.19 on the news.
A judge has ruled that Google must comply with the FBI's national security letters that request user data without a warrant. US District Judge Susan Illston, located in San Francisco, has ruled that Google must comply with the requests, despite their protests that they are illegal.
The FBI has sent out 192,499 NSL demands between 2003 and 2006, 97 percent of which include a mandatory gag order. Google hasn't completely lost, with the judge noting that Google only argued broad issues, not specific issues to the 19 NSLs received. She has withheld a ruling on two of the letters pending more information from the government.
Illston has previously struck down some of the powers granted by NSLs, but some feel it wasn't enough. The EFF is currently involved in a separate lawsuit on behalf of an ISP. Illston notes she does not want to interfere with that lawsuit.
Apple has lost a legal battle in the Netherlands that alleged Samsung's Galaxy Tab infringed upon the look and feel of the iPad. Since they lost, they were unable to obtain the product ban that they were seeking. The Supreme Court of Netherlands ruled that the Galaxy Tab did not infringe on the design of the iPad.
With Apple continuing to lose legal battles around the world, it brings to question why they were awarded such a huge amount last August in their landmark lawsuit against Samsung. Apple needs to innovate again to take back the lead and title of most valuable company in the world. Until then, litigation will do little for their stock price.