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Business, Financial & Legal Posts - Page 262

Larry Page to take CEO role for Google, Eric Schmidt will remain as Executive Chairman

By: Array

Google had their quarterly earnings release today and along with it they've announced their top-level management structure, with co-founder Larry Page replacing Eric Schmidt as CEO as of April 4th.

 

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Page will handle the day-to-day operations while Schmidt will become Executive Chairman and focus on business deals, partnerships and outreach. Co-founder Sergey Brin will use his power for new and strategic product efforts.

 

Continue reading 'Larry Page to take CEO role for Google, Eric Schmidt will remain as Executive Chairman' (full post)

Kinect developer Johnny Chung Lee leaves Microsoft for Google

By: Array

Infamous Wii-hacker Johnny Chung Lee has left Microsoft after working for them with Project Natal (now known as Kinect). Johnny worked for Microsoft for three years working on human tracking algorithms for the Kinect within the Microsoft Applied Science group.

 

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He has jumped ship to Google and is taking a position as a "Rapid Evaluator" - what this is, I do not know, but it could be a big win for Google's rumored Gaming portal.

 

A behind the scenes look at how Lexar makes their products

By: Array

Found this video on my daily troll of websites, a behind the scenes look at Lexar (a division of Micron) and their production process. Micron is the only chip manufacturing plant in the US and more specifically it's in Ohio.

 

 

The video is great, little facts amaze me like, the plant's clean room is 100 times cleaner than a hospitals operating room. Crazy fact! It also shows just how much work can go into something so small.

 

Continue reading 'A behind the scenes look at how Lexar makes their products' (full post)

Steve Jobs takes medical leave of absence from Apple

By: Array

It looks like Apple CEO Steve Jobs is off to battle another nemesis, and it's not the PC or competing tablets. Jobs announced to his employees this morning that he is taking a medical leave of absence from Apple, leaving Tim Cook to handle the day to day operations at Apple.

 

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You can say what you want about Jobs, but you can't say he isn't tough. His previous medical history includes a bout with Pancreatic Cancer in 2004 and a liver transplant in 2009, both of which he fully recovered from. No specifics were relased about the reason for the latest leave of absence, but more may be released during Apple's Q4 and 2010 earnings release tomorrow.

 

Continue reading 'Steve Jobs takes medical leave of absence from Apple' (full post)

Intel to pay NVIDIA $1.5 billion, also kiss and make up

By: Array

NVIDIA and Intel are now playing nice. I'm guessing this is because AMD is about to open up a can of whoop ass on them (all the pun in the world intended there, you may remember the tattoo, etc).

 

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NVIDIA and Intel have announced a new six year cross-licensing deal that will have Intel coughing up $1.5 billion over five years to NVIDIA, to gain access to their technology, while NVIDIA gain access to some of Intel's patents.

 

Continue reading 'Intel to pay NVIDIA $1.5 billion, also kiss and make up' (full post)

AMD CEO Dirk Meyer resigns

By: Array

AMD has just announced that CEO Dirk Meyer has resigned. Currently there is no official reason for his resignation, except that he reached a "mutual agreement" with the company's board.

 

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Current CFO, Thomas Seifert will be the temporary CEO whilst a new one is found. Bruce Claflin, Chairman of AMD's Board of Directors and head of the CEO Search Committee said "Dirk became CEO during difficult times. He successfully stabilized AMD while simultaneously concluding strategic initiatives including the launch of GlobalFoundries, the successful settlement of our litigation with Intel and delivering Fusion APUs to the market."

 

Continue reading 'AMD CEO Dirk Meyer resigns' (full post)

Motorola split happens tomorrow

By: Array

Sometime in the next 24 hours, Motorola will stop trading as (MOT) and will be replaced with Motorola Mobility Holdings Inc. (MMI) and Motorola Solutions Inc (MSI).

 

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Motorola Mobility Holdings Inc (MMI) will cover smartphone/set-top boxes as well as sporting the new red logo that you see above, where Motorola Solutions Inc (MSI) will cover public-safety radios and handheld scanners.

 

Apple are now worth in excess of $300 billion

By: Array

Last night Facebook was held on the shoulders of the internet, being bragged that it was worth $50 billion. But it has woken today from it's post-party hangover and not only realised a tooth was missing, a tiger was in the room and that they were about to be punched in the face by Mike Tyson - but Apple had taken over as the new cool kid on the market cap block, now valued at over $300 billion!

 

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This move now makes Apple the second public company with such a high value, second only to Exxon Mobil. Twelve months ago Apple were at the $213 billion market cap, which at the time were only $40 billion behind the great Microsoft. Now they're $60 billion in-front of Microsoft, which is obviously a great achievement.

 

Continue reading 'Apple are now worth in excess of $300 billion' (full post)

Online holiday spending in the U.S. tops $30 billion

By: Array

It's no secret that online shopping is becoming more and more popular, especially during the holiday season where people (like me) prefer doing their Christmas shopping from home instead of battling traffic and crowds at the mall. The U.S. saw a significant increase in online holiday spending, reaching a new record of $30.81 billion for the first 56 days of November to December.

 

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This was a 13% increase over last year, with the week before Christmas netting $2.45 billion and a 17% increase all by itself. Computer hardware, which includes items like tablets, e-readers, and laptops in well, saw a healthy 23 percent increase over 2009 and even books and magazines came in second on the list with a 22 percent increase in sales. All in all, it was a good time to be an online retailer.

 

Continue reading 'Online holiday spending in the U.S. tops $30 billion' (full post)

Apple pass the one million sold mark with the new Apple TVs

By: Array

Apple predicted just recently that it would hit the one million sold milestone before Christmas, and it is now confirmed by Apple that they managed this. How long has it taken them to get there?

 

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Three months. It's impressive for something that Apple doesn't push as hard as the iPhone, iPads, etc. Haven't used one myself, but they do look hawt.

 

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