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Business, Financial & Legal Posts - Page 258

Obama visits Intel facility, forgot to overclock his Presidency

President Obama has made a visit to Intel, which is his second time since in his stint as President. Last year he visited Hillsboro, Oregon, where Intel CEO announced that a new fabrication plant would be built, in Arizona.

 

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Obama loves this, as it creates jobs and pumps money into an unstable economy. Intel were spending $5 billion and creating more than 4,000 jobs, which should put a smile on Obama's dial. Obama forgot to mention during his visit that Intel have built plants in Israel and China, too.

 

Considering that the chips that Intel make will be shipped to China, put into PCs and servers, and then sent back to the U.S. Obviously this can't be stopped, but we're not going to see Obama admit the bad things regarding Intel and the economy, only the good. You don't report on bad intel.

Twitter can now censor tweets, if required by law

Twitter, as of today, can and will sensor tweets, if required by law. Twitter have said as they grow internationally, they enter countries that have different ides about "the contours of freedom of expression".

 

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Some of which can be so different to ours, that Twitter cannot exist there. Twitter have said that others are similar but, for historical and cultural reasons, restrict certain types of content, such as France or Germany, which ban pro-Nazi content.

 

Up until now, Twitter had to remove the content globally. Today brings change. Twitter have given themselves the permission to reactively withhold content from users based in a specific country, while keeping it available to everyone else. Twitter have also built-in a way to communicate transparently to users when content is withheld, and why.

Continue reading 'Twitter can now censor tweets, if required by law' (full post)

Samsung Q4 2011 earnings, $42 billion in sales, $4.7 billion operating profit

Samsung have posted their Q4 2011 official earnings, and they have done quite well indeed. Samsung had an operating profit in Q4 2011 of $4.7 billion from $42 billion in sales.

 

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How did Samsung reach this success? Oh, by selling more than 300 million smartphones last year alone. Mobile accounted for roughly 40-percent of Samsung's sales, and nearly 50-percent of their operating profit, Samsung's semiconductor business also did very well, taking in more than $2 billion in profit over the same period.

 

Samsung's Display Panel business was improved year-over-year compared to 2010, thanks to LED TVs, with sales up almost 20-percent to $7.6 billion. Samsung expects good things for 2012, with mobile business to grow, LTE and new market segments like the Galaxy Note to drive sales. TVs are expected to continue their rise, with Samsung releasing more Smart TVs, and the 2012 London Olympics will help, too.

Continue reading 'Samsung Q4 2011 earnings, $42 billion in sales, $4.7 billion operating profit' (full post)

Intel acquires RealNetworks patents, hands over $120 million

Intel have pulled out their credit card today and swiped down a purchase of patents from RealNetworks to the tune of $120 million. RealNetworks Inc. in the agreement hand over a large number of patents, which is set to help Intel's portfolio for streaming media on not only smartphones, but laptops and other devices.

 

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Intel will receive roughly 190 patents and 170 patent applications, as well as next-generation software that allows for the quick compression or decompression of video for streaming. RealNetworks are still allowed to use the patent in current and future products, and will now work with Intel on continued development of the software and related products.

 

RealNetworks Chief Executive, Thomas Nielsen, said in an interview:

 

To bring new technology like that [video software] to market requires significant reach into the consumer and business markets. A partner like Intel has the capacity and size to do that.

Continue reading 'Intel acquires RealNetworks patents, hands over $120 million' (full post)

Apple's Tim Cook says at Town Hall all Apple employees get $500 off Macs, $250 off iPads, starts in June

Apple had an amazing quarter, and to thank their employees, Tim Cook has said at today's Town Hall meeting that there will be some new "employee benefits". This is just a way Apple want to show their appreciation to those who have worked so hard to continue pushing the company to where it is today.

 

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Cook announced that starting in June of this year, Apple employees will be given $500 discount on purchases of new Macs and $250 discounts on purchases of new iPads. There are some conditions, though. Apple employees may only take this opportunity every three years, and have to have been working at Apple for 90 days or more.

 

Another condition is the Mac discount cannot be used on the Mac mini, which is priced pretty close to the $500 Mac discount which would make it nearly free. Apple employees already receive a 25-percent discount on Macs, so that $500 is going to go a long way.

Continue reading 'Apple's Tim Cook says at Town Hall all Apple employees get $500 off Macs, $250 off iPads, starts in June' (full post)

Obama thinks Americans should support the 'next Steve Jobs'

President Obama did what he does best at his State of the Union speech, talked. Obama can say a lot, and not really mean it. He comes across as this beacon of light that is going to introduce change, but nothing really changes. He allows no reform, employs half of Wall St, ex-bankers and ex-CIA to be his left and right-hand men and women.

 

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Anyway, he has laid out his plans for an economic recovery where he references the technology sector and said:

 

An economy built to last is one where we encourage the talent and ingenuity of every person in this country.

 

Steve Jobs' wife, Laurene Powell Jobs was in the audience at this time, when Obama said:

 

That means women should earn equal pay for equal work. It means we should support everyone who's willing to work; and every risk-taker and entrepreneur who aspires to become the next Steve Jobs.

Continue reading 'Obama thinks Americans should support the 'next Steve Jobs'' (full post)

Apple sold more iPads than HP sold PCs, the times they are a-changin'

Apple had quite an amazing 3 months, with a record-breaking $46.3 billion in revenue, 37 million iPhones sold and 15.43 million iPads being sold. That last number, 15.43 million iPads.

 

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15,430,000 iPads sold, compared to the total number of HP's personal computing devices is actually strong. HP only sold 14.7 million, which means Apple sold more iPads than HP sold PCs. This is a seriously huge number.

 

Considering its only one iOS-based device, and not even the iPhone, this shows Apple mean some serious fruity business. This HP figure, to be fair, doesn't include the TouchPad. "Sources familiar with HP's build plans" say that the initial TouchPad order was between 1.8 and 2 million units.

NVIDIA cuts sales forecast, blames hard-drive shortages, as well as the Tegra 2 decline

NVIDIA has warned that its current quarter's sales would fall short of expectations. NVIDIA, whose fourth quarter ends January 29, has said it now expects quarterly revenue of around $950 million.

 

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This is short of their original expectations of approximately $1.066 billion. NVIDIA have said that the shortfall is due in part by the PC-market impact from a global hard-drive shortage because of the unfortunate and devastating Thailand floods.

 

Because of this, fewer systems were shipped, and some PC makers decided to scale back on graphics to account for their inflated hard-drive costs. NVIDIA have also said that its Tegra 2 mobile chip business declined more rapidly than it had expected.

 

NVIDIA is currently ramping production for Tegra 3, which will replace the Tegra 2 chip over time.

Tim Cook congratulates employees over e-mail, tells them to attend Town Hall tomorrow to discuss "some exciting new things going on at Apple"

Apple have had an amazing Q1, with some uber-strong numbers blowing even analysts expectations. You'd have to be happy being the CEO right now, and Tim Cook seems to be over the moon. Cook sent a short e-mail to Apple employees not only congratulating them on both a record setting holiday quarter, but starting 2012 with the launch of a ground-breaking initiative for education with iBooks textbooks.

 

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Cook has told all employees to report to Town Hall tomorrow, either in person or through AppleWeb at 10AM PT to discuss "some exciting new things going on at Apple." His full e-mail is below:

 

Team,

 

Thanks to everyone's hard work, we're off to a great start in 2012. Last week in New York we launched a groundbreaking initiative for education with iBooks textbooks, and today we reported the strongest quarter in Apple's history.Please join me tomorrow morning at 10 a.m. in Town Hall. We'll review our record-setting results and discuss some exciting new things going on at Apple.The meeting will be broadcast live to many sites in Cupertino and other Apple locations. Please check AppleWeb for details.

 

Tim

WikiLeaks' founder Julian Assange set to... host a TV show

This is definitely something that I did not expect, but WikiLeaks' founder Julian Assange is set to host his own new television show that will have him featuring interviews with key political players from around the world.

 

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The theme of the interview show is "the world tomorrow" and is scheduled to hit in mid-March. Assange is said to be planning 10 weekly half-hour episodes where he will explode what he says is the future of our world with political players, thinkers and revolutionaries. He hopes to examine his guests' philosophies and struggles in a deeper way than what has been done before.

 

The program is set to be shown to over 600 million viewers across cable, satellite and terrestrial broadcast networks based on initial licensing commitments, but no specific networks or providers have been listed.

 

At the moment, there has also been no mention of planned guests.

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