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Microsoft revenues are in, with Surface revenues up a huge 117%

Microsoft has posted its revenues for the quarter, with the Redmond-based OS giant posting a $2.1 billion loss, just a week away from arguably its biggest launch ever; Windows 10.

 

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The company had to get rid of thousands upon thousands of employees in its smartphone side of things, but with its $2.1 billion in loss from $22.2 billion in revenue, it's all being blamed on no flagship releases, and the fact that the company had a huge $7.5 billion write down from the acquisition of Nokia's Devices and Services Division last year. There were also two restructuring charges of $780 million and $160 million, with Microsoft noting: "these items totaled $8.4 billion or a $1.02 per share negative impact. Excluding this impact, operating income and EPS would have been $6.4 billion and $0.62, respectively".

 

But the surprising part of Microsoft's quarterly earnings is that Surface revenues are up by a huge 117%, or $888 million for the three-month period. Throughout Microsoft's entire 2015 FY, Surface revenues passed $3.6 billion, an increase of 65% year-over-year. Microsoft also notes that the Xbox has experienced growth, with the company explaining: "based on strong growth in consoles, Xbox Live transactions and first party games".

PayPal debuts on NASDAQ for the second time, now valued at $50 billion

PayPal has just made its second debut on the NASDAQ this morning, with trading opening up at $41.46, reaching the heights of $42.55, before floating down to $41.03. PayPal Holdings Inc. now has a market value of just above $50 billion.

 

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The company was founded back in 1998 under the name Confinity, with the company developing security software for early personal digital assistants (PDAs). The businesses didn't reach the success that its founders hoped, but it did inspire them to create the company that would eventually be used by tens of millions across the world; PayPal.

 

Confinity eventually merged with Elon Musk's X.com, where it was soon named PayPal. The company went public in 2002 under the ticker PYPL, opening at $13 per share. But with considerable tie-ins with eBay, it made sense that eBay would acquire PayPal later that year for a swift $1.5 billion. PayPal quickly turned into the electronic money transfer platform it is today, but it was activist investor Carl Icahn that urged that eBay split PayPal into a separately traded company.

Continue reading 'PayPal debuts on NASDAQ for the second time, now valued at $50 billion' (full post)

Toshiba CEO quits after $1.2 billion in false profits is discovered

Toshiba is in some serious trouble right now, with its CEO and President, Hisao Tanaka, leaving the company after the Japanese electronics giant is attempting to recover from its $1.2 billion in profits being discovered as being false.

 

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Tanaka and two other executives have announced their resignations, with the three taking responsibility for the scandal. An independent investigation found that management had lied about operating profits over a six-year period so that Toshiba could meet its internal targets, all of which started in 2008, the year the GFC hit.

 

Masashi Muromachi, Toshiba's current Chairman, will reportedly fill the CEO role for the time being, where he'll also appoint a new management team. Toshiba has now lost a total of eight high-level executives in this scandal, with the company estimating a $442 million write down, but this estimate was very wrong, with it now ballooning out to almost triple that number.

Oculus acquires Pebbles Interfaces, a hand-tracking company for $60m

We're still over six months from the retail launch of the Oculus Rift, with the Facebook-owned company announcing it has acquired Pebbles Interfaces for $60 million.

 

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Pebbles Interfaces is an Israel-based company that specialized in depth-sensing technology and computer vision for the purpose of hand tracking. The company has spent the best part of five years working on technology that uses custom optics, sensor systems and algorithms that detect and track hand movement. The company will now join forces with Oculus to work on VR, tracking and human-computer interactions.

Tesla is expanding its Gigafactory before construction is finished

Before the construction of its Gigafactory in Nevada is complete, Tesla is already set to expand the facility. Tesla has confirmed it has since tripled its land purchases in the state, adding a huge 1893 acres to the 1000 it secured last year.

 

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Most of the new space is buffer space according to a Tesla spokesperson, where the company could install solar farms in the area to power the Gigafactory. The electric car maker could also soon secure itself even more acerage, especially if their new cars truly are going to be selling out constantly, just as the Internet-connected Powerwall did.

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

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.

 

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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

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)

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

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.

 

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"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

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?

 

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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

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".

 

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Logi's VP of Brand Development, Charlotte Johs, told Gizmodo: "Tech is in the air you breathe...it's in your clothes...in 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.

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