Tech content trusted by users in North America and around the world
6,798 Reviews & Articles | 46,950 News Posts
Make us an awesome TweakTown wallpaper, win a Corsair Hydro H110i GT

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 14

Intel posts $13.2 billion in revenue for Q2 2015

By: Chris Smith | More News: Business, Financial & Legal | Posted: Jul 16, 2015 11:27 am

Boasting revenues of $13.2 billion, an operating income of $2.9 billion, a net income of $2.7 billion and an EPS of 55 cents, Intel posted up impressive Q2 2015 results. These figures show what Intel CEO Brian Krzanich claims to be a "transformation of our business as growth in data center, memory and IoT accounted for more than 70 percent of our operating profit."




Naming the PC market as "challenging," Krzanich further explained that "the launches of Skylake, Microsoft's Windows 10 and new OEM systems will bring excitement to client computing in the second half of 2015." As for further reports, Intel generated around $3.4 billion in cash from operations, it paid dividends of $1.1 billion and used $697 million in order to repurchase 22 million shares of stock.


Looking forward to the third quarter, Intel expects to see a revenue of $14.3 billion, plus or minus $500 million. They also expect to spend $4.9 billion on R&D and MG&A combined.

Acer revenues slide 30% in Q2, but Windows 10's release should help

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 14, 2015 2:41 am

Acer has revealed that its revenue for Q2 have dropped by a huge 30%, but the company is hoping that these numbers won't stay low for long, especially with the release of Windows 10 right around the corner on July 29.




The company is hoping that the sales of its upcoming 2-in-1s, Chromebooks, and gaming notebooks will help those numbers in Q3. Windows 10-based laptops, desktops, and other products will also spur sales, too. But with Acer kicking some serious ass with its NVIDIA G-Sync powered XB270HU monitor, I don't see why the company isn't pushing into the gaming sector more.


The 27-inch 1440p IPS-based panel has a 144Hz refresh rate, but is mostly in the dark when it comes to marketing. The ASUS ROG Swift gets all of the gaming love, but if Acer can push its upcoming 34-inch 3440x1440 ultrawide monitor with G-Sync technology right, things could really swing in Acer's favor later this year.

BlackBerry boss does not have 'any intention to sell' the company

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 13, 2015 10:08 am

How is BlackBerry going? Well, while the usual suspects in Apple and Samsung snort up most of the profits on the mobile industry, BlackBerry is still ticking along under the leadership of John Chen.



During his most recent interview, Chen said: "I don't have any intention to sell BlackBerry. Not until the BlackBerry shareholder has good value reflecting truly what we have. Then, if there is a potential proper suitor that would take care of our customers... I have a fiduciary responsibility to listen. But until then, there's not point in listening... We make the most secure handset. Everybody, all of our competitors, will give that to us. Governments around the world are still using BlackBerry handsets. The emotional reason is, BlackBerry is iconic to the industry. We started this industry arguably".


The latest on BlackBerry's next flagship is that it will be a 5.4-inch smartphone with a 1440p display. We should expect it to drop in November, with it being an exclusive to AT&T.

Continue reading 'BlackBerry boss does not have 'any intention to sell' the company' (full post)

Reddit Interim CEO Ellen Pao quits

By: Ben Gourlay | More News: Business, Financial & Legal | Posted: Jul 10, 2015 11:44 pm

Internet message board reddit are looking at putting the the self styled "front page of the internet" back on a path of stability, after the resignation of interim CEO Ellen Pao and installation of founder Steve Huffman back in the role.




The brief, but controversial tenure of Ellen Pao has seen allegations of censorship by the community, as well as a communication style which grated against voluntary moderators, which culminated in dozens of sub reddits closed in response to the firing of Director of Communications, the popular staffer Victoria, who co-ordinated the sites 'AMA' pages (Ask Me Anything, for those not in the know).


A petition to oust Pao saw over 200,000 signatures collected, but with the membership of the popular site imploding, her position ultimately became untenable.

Facebook reiterates it has 'no plans to go into music streaming'

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 10, 2015 10:40 am

Music Ally reported that Facebook was interested in entering the streaming music subscription business, competing against Google, Spotify and Apple, but the social network has come out and squashed those rumors.




"We have no plans to go into music streaming" said a Facebook spokesperson, where instead the social network is reportedly working on something unique and new. Music Ally reports that the new service could be a video sharing service, something that would compete directly with YouTube.


Facebook's purported video streaming service would offer up YouTube-like Content ID matching, competitive stream rates, and we're sure that it will feature music streaming, too. An insider source told Music Ally: "We have all been really utilizing it in internal testing. It is way, way ahead of YouTube".

Gamer drugged his girlfriend so he didn't have to stop playing games

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 9, 2015 2:14 am

What do you do when your girlfriend is coming home from work and you don't want to stop gaming? You slip something into her tea, knocking her out, so you don't need to stop gaming - right?




This is what a 23-year-old German gamer did to his girlfriend, after she had gotten home from a 10-hour shift at work. The addicted gamer said: "I only put four or five drops into her tea". This knocked her out from 10pm, through the night to 12pm the next day, and even when she woke up, the effects of the drugs had her falling asleep on and off throughout the next day.


She told the court that her then boyfriend had admitted what he had done to her, which caused her to break up with him. The judge on the case fined the man $746, and said: "Your girlfriend slept long and deeply, which didn't harm her, but this is certainly a premeditated bodily harm". The boyfriend admitted that his act "was stupid" and that he was now "on a straight path" towards an apprenticeship.

Logitech is now known as 'Logi', and it's not even April Fool's Day

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 8, 2015 8:48 pm

Logitech has just announced that it has changed its name, which is quite the shock, as it feels so sudden. From here on out, Logitech is now known as "Logi". Why? Because "tech is everywhere".




Logi's VP of Brand Development, Charlotte Johs, told Gizmodo: "Tech is in the air you's in your the future, 'tech' doesn't say anything". But where did the name 'Logi' come from? Johs says that it is thanks to its most popular product, the Boom series of Bluetooth speakers, as it is the company's first Logi-inspired piece of tech.


The Logitech name won't be disappearing instantly, with the Logitech brand staying on products like mice, keyboards, and speakers - at least, for now. Logi will be the name that will be used for products as we move into the future.

Microsoft culls a huge 7,800 jobs globally, mostly from phone business

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 8, 2015 1:59 pm

Microsoft has just announced that it is cutting a huge 7,800 jobs from its phone business, while it also writes off $7.6 billion in relation to its acquisition of Nokia's Devices and Services Division. Considering Microsoft paid $7.2 billion for Nokia's phone business last year, this is quite the check to write.




Satya Nadella, Microsoft CEO, explains: "We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party device family. In the near-term, we'll run a more effective and focused phone portfolio while retaining capability for long-term reinvention in mobility".


Keep in mind Nadella said back in April that there would be 18,000 job cuts in the next 12 months, these additional 7,800 job losses will add up to over 25,000 employees laid off by Microsoft in just over a 12-month period.

Sony says it will 'never ever sell or exit' the mobile industry

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 8, 2015 7:41 am

With Samsung losing steam, and HTC on the verge of collapse, we could see Sony become the new hero of Android. Sony Mobile President & CEO Hiroki Totoki has said that the company has no plans to sell of its mobile business, nor will it exit the mobile market anytime soon.




Totoki talked with Arabian Business recently, where he said: "Smartphones are completely connected to other devices, also connected to people's lives - deeply. And the opportunity for diversification is huge. We're heading to the IoT (Internet of Things) era and have to produce a number of new categories of products in this world, otherwise we could lose out on a very important business domain". He added: "In that sense we will never ever sell or exit from the current mobile business".


With the news of the Xperia Z5 to come out later this year, we could see Sony really turn around its mobile business and start dominating markets where Samsung is slipping.

Facebook to outfit 50% its data centers with renewable energy by 2018

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jul 8, 2015 5:38 am

Facebook hasn't just announced its new Fort Worth, Texas-based data center, but it has also said that it plans to power 50% of its data centers with renewable energy by 2018.




The new Fort Worth-based data center is 100% powered by wind energy, but the new plan of 50% of its data centers being green is good to see, especially when we think that the social networking giant wants to see 25% of its data centers powered by renewable energy by the end of the year.


In the end, Facebook wants to see all of its data centers powered by renewable energy, so it has quite the task ahead of them. The company has worked with Citi Energy, Starwood Energy, and Alterra Power in order to deliver a 17,000 acre wind farm online for its new Fort Worth data center, which will see 200MW of energy pumped into Texas.

Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases