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Business, Financial & Legal Posts - Page 17

Intel and others launch Open Interconnect Consortium

Some of the major tech firms in the US and abroad have banded together to start a new consortium that is focused on promoting standards for the Internet of Things. The new consortium is called the Open Interconnect Consortium and it boasts among its participants Intel, Samsung, Dell, Broadcom, and Amtel.

 

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The group wants to define a common communication framework that is based on industry standards that will allow wireless connectivity and intelligent management of data between devices. Connectivity under the plan will be possible regardless of form factor, OS, or service provider according to the group.

 

For now, the group is offering no details on how it plans to pull that goal off. The bad news for these firms is that there is another group called the Allseen Alliance trying to do the same thing and that group boasts 50 members including Microsoft, Cisco, LG, Panasonic, Sharp, and others.

$36 million worth of phones and tablets stolen from Samsung factory

Armed robbers have attacked one of Samsung's factories in Brazil, holding workers hostage while they took truckloads of smartphones, tablets and notebooks from a factory near Sao Paulo, Brazil. These goods were valued at $36 million.

 

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The thieves carjacked a shuttle used by factory employees, after which they took the place overnight during the four-hour heist in Campinas. Campinas is an industrial hub in the southeastern state of Sao Paulo. The thieves reportedly made off with an incredible seven trucks of goods, stealing over 40,000 products.

 

A Samsung spokesperson has said: "We have cooperated fully with the police investigation that is underway and will do our best to avoid any sort of repeat incident".

Gartner expects global PC sales to recover a little this year

Ever since Apple's iPad started causing a splash along with the simultaneous smartphone boom, various soothsayers have been screaming about the death of the PC. Regardless, it's not quite dead yet, and now analyst powerhouse Gartner has said traditional computing will still be clinging on for dear life this year.

 

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It's not a hugely optimistic forecast. Gartner expects shipments from the market to decline worldwide by 2.9 percent through 2014 - but this isn't quite as bad as it could have been. According to the company, this marks a "relative revival of the global PC market" - compared to a 9.5 percent decline in 2013. "Business upgrades from Windows XP and the general business replacement cycle will lessen the downward trend, especially in Western Europe," said Ranjit Atwal, research director. "This year, we anticipate nearly 60 million professional PC replacements in mature markets." Gartner includes desktops, notebooks, and ultramobile personal computers in its figures.

 

Mobile phone sales are set for a 3.1 percent increase over 2013, to reach 1.9 billion units this year. Gartner expects smartphone sales will make up 88 percent of global cell sales by 2018, a jump from 66 percent in 2014.

Google has $500 million set aside expand Shopping Express nationwide

Google has been trialing its Shopping Express service in a few select locations for a while now. Shopping Express is a service that works in some areas with local retail stores allowing users to buy things at a retail store and have them delivered on the same day or the next day to their home or office.

 

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A new report has surfaced that claims that Google has set aside $500 million that is earmarked to expand the Shopping Express service nationwide. Google has offered no official comments on the amount of money set aside for the project.

 

Some of the money will reportedly be used to market the service in each new city that it launched in, as well as to purchase delivery vehicles. Money will also be spent to hire new workers to pack the goods and deliver them.

YouTube showing messages on slow videos blaming ISPs

YouTube is one of the most popular sites on the internet for streaming video and as such, it consumes a lot of bandwidth on many IPS networks. Some ISPs are allegedly slowing the streaming of YouTube videos down and YouTube is calling the ISPs out on the practice. YouTube has begun putting little messages on videos that are having streaming issues.

 

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The message pops up over the title of the video and reads "Experiencing Interruptions?" and on the right side of the message, a button for users to click reads, "Find out Why." When the user clicks on that button, they are taken to a Video Quality Report that is localized for the person streaming the video. That report allows the user to compare video consumption times in their area and compare their ISP with the performance of other local ISPs in the area.

 

The best providers in the area receive a YouTube HD Verified tag with other carriers possibly having badges putting them in Standard Definition or lower tiers. The idea is to give the viewer an idea of why a video is slow rather than just assuming YouTube is having issues and to give the viewer options to change to other carriers that aren't putting limits on video streaming.

US Marshals bitcoin auction list targeted by spammers after leak

The email mistake from the US Marshals Service that led an email to be sent CC instead of BCC has resulted in at least a few people on the list receiving phishing emails. It's an unfortunate turn of events considering these type of basic email snafus shouldn't happen frequently, especially from a government agency.

 

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So far, the only victim appears to be Bitcoins Reserve, with CTO Jim Chen sending 100 bitcoins to someone he thought was company founder Sam Lee. Here is what Lee said in an email confirming the problem:

 

"As this attack vector was only successful due to an oversight in operations, the founders of Bitcoins Reserve will compensate the company by injecting an additional 100 bitcoins to ensure we're still effectively performing arbitrage for our investors."

Continue reading 'US Marshals bitcoin auction list targeted by spammers after leak' (full post)

Despite protests from cabbies, London rules Uber is perfectly legal

London's transport authority, TFL, has ruled that controversial smartphone taxi app Uber is perfectly legal, despite official protests from the UK capital's iconic black cab drivers.

 

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London cab drivers voiced their concerns about the way smartphones running Uber operated - arguing that, in effect, they counted as meters that actively work out fees as the cars run. But TFL has dismissed these claims. "In relation to the way Uber operates in London, TfL is satisfied that based upon our understanding of the relationship between passenger and Uber London, and between Uber London and Uber BV, registered in Holland, that it is operating lawfully under the terms of the 1988 PHV(L) Act," spokesperson Leon Daniels said in a statement.

 

Even with the all-clear, Uber remains a controversial service, as cab drivers highlighted concerns about the safety of passengers with Uber vehicles. Their collective action in protest of the app brought parts of London to a standstill - but in an own goal, saw Uber user rates shoot up 850 percent.

Wozniak reveals just how difficult Steve Jobs was to work for

In a new interview, Apple co-founder Steve Wozniak has revealed just how outright difficult Steve Jobs could be, even in the earliest days of Apple.

 

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Some early Apple employees said they would never, ever work with Jobs again if they could help it - and Wozniak described these workers as some of the brightest and among his best friends in Apple. "Steve Jobs had a lot of these questionable things, like some of my very best friends in Apple, the most creative people who worked on the Macintosh, almost all of them said they would never, ever work for Steve Jobs again," Wozniak said, speaking with the Milwaukee Business Journal. "It was that bad. I'm shocked."

 

However, Woz went on to say that from the early days, Jobs really respected people who would stand up to his pushy attitude. "He would directly confront people and almost call them idiots," Wozniak said. "But ... when they confronted him back and told him why they were right in understandable forms, he was just testing and learning, and he would respect those people and give them high privileges in the company." In the interview, as BusinessInsider points out, Wozniak also revealed that in the early days, Jobs would be happy to rush products out before they were ready.

China gives green light to Lenovo's billion dollar IBM server buyout

Lenovo has got the green light to go ahead and buy IBM's low-end, x86 server business.

 

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The January deal was subject to examination from the Chinese Ministry of Commerce's anti-monopoly group. Lenovo offered a stonking $2.3 billion for its stake into the low-end server market. It's expected to be finished before the year's through, but is still subject to the usual checks and balances from regulators in the United States.

 

There is a chance two enormous multinational corporations from such sensitive geopolitical territories could stoke fears about the potential for corporate or political espionage. But China, at least, has now given it the OK. Lenovo is well regarded for its consumer computers - and this business itself was a buyout from IBM, demonstrating that despite some paranoia in the West it's perfectly within reason for a Chinese company to perform well in the markets.

HTC One M8 smartphone has helped the company post a profit

HTC promised the world good things with its new flagship smartphone, the One M8, and now, it has delivered. The Taiwanese smartphone maker has just posted $92 million in profits from $2.2 billion in revenue this quarter.

 

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After a very long period of time bleeding both sales and money, this is a good turn around for the company. Sure, it's not Samsung or Apple money, but it's profits instead of losses. And in an even more competitive world, this is a good sign for the company. The company recently launched the One M8 Ace, which has a plastic body, and the One Mini, which should help those profits a little more.

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