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Business, Financial & Legal Posts - Page 17

Microsoft to acquire data protection company Secure Islands

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Nov 9, 2015 6:01 pm

Following last week's acquisition of app maker Mobile Data Labs, Microsoft is about to snap up another company: Secure Islands.

 

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Secure Islands is based in Israel and specializes in protection of business data, wherever it may be stored.

 

The acquisition is currently subject to regulatory approval. Once complete, Microsoft plans to integrate Secure Islands' technology into its Azure Rights Management Service, which performs the same functions, more or less. The software giant says the goal in doing so is to achieve "a flexible architecture able to meet the most rigorous protection and compliance requirements", and that in combination with its data classification present in Windows and Office 365, it will get there.

Augmented reality market worth $56.8 billion by 2020, says firm

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Nov 6, 2015 8:33 pm

A new market research report by MarketsandMarkets predicts the augmented reality aka virtual reality market will be worth $56.8 billion USD by the year 2020.

 

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Based on the trends, growth rates, and the technology itself it analyzed during its research study, the company believes this strong growth will be fueled by demand in aerospace and defense, consumer, automotive, and commercial sectors, as well as the backing of major companies, including Google and Microsoft.

Continue reading 'Augmented reality market worth $56.8 billion by 2020, says firm' (full post)

Lawsuit accuses AMD of misrepresenting Bulldozer core count

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Nov 6, 2015 5:26 pm

Northern California citizen Tom Dickey has filed a lawsuit on behalf of himself and other AMD customers, alleging that AMD misrepresented the amount of cores present in its Bulldozer CPUs.

 

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Bulldozer CPUs were marketed as having eight cores. And while this is true, Dickey posits the design is such that this was achieved by "stripping away components from two cores and combining what was left to make a single module." In doing so, the cores do not work independently, and therefore cannot perform eight instructions simultaneously and independently, as an eight-core CPU is expected to.

 

Dickey is suing for "statutory and punitive damages, litigation expenses, pre- and post-judgment interest, as well as other injunctive and declaratory relief."

Microsoft acquires MileIQ app developer

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Nov 5, 2015 5:24 pm

Microsoft has been on an acquisition spree the past few years and isn't showing signs of stopping anytime soon. Today it scoops up Mobile Data Labs, creators of the Android and iOS app MileIQ, which helps you track your driving miles on the job for deduction or reimbursement purposes.

 

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Corporate Vice President of Outlook and Office 365 Rajesh Jha says Microsoft is "thrilled to welcome Mobile Data Labs to the Microsoft family to work on new ways to improve the productivity to millions more mobile professionals."

Continue reading 'Microsoft acquires MileIQ app developer' (full post)

Volkswagen admits petrol-based vehicles have 'irregularities', too

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Nov 5, 2015 6:32 am

Things are far from good for Volkswagen, with the company now admitting that its emissions scandal has breached out of only diesel vehicles being affected, to petrol-based cars, too.

 

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The German company saw environmental tests failing on its diesel cars, after it was found that it had installed software that would make their cars run cleaner during government testing. Volkswagen said in a statement: "During the course of internal investigations irregularities were found when determining type approval CO2 levels".

 

The company added: "Based on present knowledge around 800,000 vehicles from the Volkswagen Group could be affected. An initial estimate puts the economic risks at approximately $3.04 billion (€2 billion)". This number could rise much higher, and I think it will, as the problems are continuing for the company in the wake of petrol-powered vehicles being thrown into the mix.

Samsung returns to operating profit, after 7 quarters of decline

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 29, 2015 8:17 am

Apple only just reported its best quarter ever, with its main rival Samsung posting its Q3 2015 results. The company didn't do as well as Apple, but it did good enough in the quarter to return to an operating profit, after seven straight quarters of decline.

 

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Samsung posted $6.42 billion in operating profit for Q3, up from the $3.6 billion from the same time last year. The company saw its net profit and sales jumping year-over-year, with its net profiting rising from $3.7 billion in Q3 2014 to $4.8 billion in Q3 2015. As for sales, Samsung saw them lift from $41.7 billion this time last year, to $45.6 billion over the last three months.

 

The company attributes the revenue increase to its semiconductor and display panel businesses while its operating profits increasing $440 million thanks to a weaker exchange rate between South Korea and other important currencies. Samsung reported a "significant" increase in sales of the Galaxy Note 5, Galaxy S6 edge+, Galaxy A and Galaxy J smartphones. The price reduction on its Galaxy S6 and Galaxy S6+ smartphones decreased profits in year-on-year profits.

Apple sets another record quarter, sells 48 million iPhones

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 28, 2015 10:36 am

Just how good has Apple's last three months been? Extremely good. The company released their Q4 results from fiscal year 2015, and it has set yet another record: $51.5 billion in revenue. This is up 22% over the same period of 2014, where it was at $42.1 billion.

 

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The company rode the success of the new iPhone 6 and iPhone 6 Plus, while the new iPhone 6S and iPhone 6S Plus haven't been out long enough to impact profits. Next quarter should be a big one, of course. For the last three months, Apple sold a little over 48 million iPhones. This is up from the 39.2 million iPhones it sold in Q4 2014, an increase of 22%.

 

As for the separation of revenue per product, Apple is controlled by the iPhone. The iPhone made up 62.5% of its revenue, while Mac sales contributed 13.4%, iTunes/software/services pulled in 9.9%, the iPad delivered 8.3% and finally, 'other products' made 5.9%. So the iPhone, is extremely important to the company in terms of revenue, something we all knew, but it's great to see these numbers.

CG Spectrum offers $500k AU in scholarships to help Aussie VFX artists

By: Chris Smith | More News: Business, Financial & Legal | Posted: Oct 26, 2015 10:29 am

In order to help develop and grow the Australian VFX industry, CG Spectrum, a college of digital art and animation, is offering up $500,000 AU worth of scholarships in order to "unearth the next Aussie dev talent."

 

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As seen in a recent media release, this college will be offering these scholarships in unison with PAX Australia, setting out to scope indie developers and sole traders alike at the expo which kicks off this Friday.

 

The $500,000 AU budget will be spread over 20 scholarships in total, setting out to find developers with a potential for greatness. Said to be conducted "alongside local game development studios," more information on these scholarships can be found here.

NVIDIA's Director of Deep Learning, Jonathan Cohen, joins Apple

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 26, 2015 7:33 am

Apple has not formally announced its automotive plans, but the company has just hired Jonathan Cohen. Cohen, until recently, had worked at NVIDIA as the Director of Deep Learning, you know - AI.

 

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Cohen's LinkedIn profile mentions that he is working on "software" with Apple, and nothing else. His recent position at NVIDIA had him working on vehicle technology like Drive PX, which is a camera-based autopilot system for cars that is capable of identifying and reacting to specific vehicle types.

Toshiba rumored to be selling its camera sensor division to Sony

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 25, 2015 11:35 am

With Sony doing incredibly well with its camera sensor business, it should come as no surprise that troubled Japanese rival Toshiba is rumored to be selling its camera sensor business to Sony.

 

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The news is coming from Bloomberg, the Japan Times and Reuters - so we have some credit behind the rumors. Toshiba is rumored to be selling its camera sensor business to Sony for a cool $165 million in order to raise money, but neither side is talking about it just yet. Toshiba has been bleeding customers for its camera sensors, with the latest customer being HTC and the One M9 smartphone with its 20-megapixel snapper.

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