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Business, Financial & Legal Posts - Page 263

Sony acquires Ericsson's share of Sony Ericsson

By: Array

Sony have just announced that Sony Ericsson will become a wholly-owned subsidiary of Sony and Sony is said to integrate Sony Ericsson into their broad platform of network-connected consumer electronics devices. The transaction also provides Sony with a broad IP cross-licensing agreement and ownership of five essential patent families. Payment wise, Ericsson will receive EUR $1.05 billion as a cash payment.

 

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The transaction gives Sony a new opportunity for their products, where tehy will rapidly integrate smartphones into its broad array of network-connected consumer electronics devices, including tablets, televisions and PCs - for the benefit of customers and the growth of its business.

Continue reading 'Sony acquires Ericsson's share of Sony Ericsson' (full post)

Apple by the numbers, has $81.5 billion in cash, 60,000 employees

By: Array

Apple today filed its Form 10-K with the SEC that discloses information to stockholders and the commission. It also allows sites like TweakTown to perve at some of the wallet-busting numbers included. Apple currently have $81,570,000,000 in cash, marketable securities and cash equivalents. What this means is Apple raked in $37.5 billion in cash profits in fiscal 2011. This is all in a time where they "missed" industry estimates.

 

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That is after Apple spent $2.4 billion on research and development in 2011, up from $1.8 billion for last year and $1.3 billion in 2009. Apple also forked out $4.3 billion for equipment, most likely for factory investments and the North Carolina-based data center. Apple also had purchases of $3.2 billion in 'intangible assets", which is most likely the $2.6 billion share of the Nortel patent purchase that it went in on with other companies, including Microsoft.

Continue reading 'Apple by the numbers, has $81.5 billion in cash, 60,000 employees' (full post)

PC gaming hardware market is said to remain strong well into 2014

By: Array

Jon Peddie Research says that the PC gaming hardware market will continue to grow at a rate of 11-percent from now until at least 2014. These figures are based on the fact that over 250 million game-capable PCs will ship in 2011 alone, compared to only 230 million PS3, Wii and Xbox 360 consoles (combined) have shipped since 2005.

 

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The PC gaming market will generate $19 billion in sales in 2011, with estimates that half a billion people regularly play PC games. New markets such as social networking and mobile gaming on tablets and smartphones are continuing the threaten the PC's gaming reputation, a phenomenon that senior gaming analyst Ted Pollack noted in his research.

 

We are starting to see mobile computers dig into the sales of low end PCs a bit. Consequently this has actually increased the average gaming purchase motivation for mainstream desktops and notebooks because some people with very low computing requirements have been taken out of the denominator, and the potential customer base for desktops and notebooks is more concentrated due to their superior performance in graphically intense applications.

Continue reading 'PC gaming hardware market is said to remain strong well into 2014' (full post)

Anonymous to destroy Fox News on November 5

By: Array

For those of you in the know, you'd know that Mainstream Media is a mostly controlled medium. If they were to tell the real news, then most politicians, presidents, members of Congress and more, would all be thrown in jail. But, instead, the money from powerful people is used to gain control and influence within the power of politics. The same goes for news. This is where Anonymous steps in with something they're calling "Operation Fox Hunt".

 

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Anonymous promise an all-out attack on the Fox News website as retaliation for the network's unjust attack on protesters with the Occupy Wall Street movement. In the YouTube clip, the digitized voice says:

 

Since they will not stop ridiculing the occupiers, we will simply shut them down. Fox News, your time has come . . . Operation Fox Hunt. November 5th. May the hunt begin.

 

November 5 is already a day chosen by members of the Occupy Wall Street movement as a practical holiday, with "Operation Cashback" expected to occur on Nov. 5 across the world. Under Operation Cashback, demonstrators are asked to close bank across across the world, and move money out of large banks and into smaller, local credit unions. This has already happened in the US, with an attempt at closing accounts at a Lower Manhattan-based Citibank earlier this month which resulted in an arrest of several occupies.

Continue reading 'Anonymous to destroy Fox News on November 5' (full post)

Apple building a 171 acre solar farm to power North Carolina data center

By: Array

Project Dolphin Solar Farm - the name Apple have given for its solar farm that will power its massive data center in Maiden, North Carolina. It will reportedly be built on 171 acres of land across the street from Apple's planned $1 billion data center, which has the code name Project Dolphin, but is now called iDataCenter. iDataCenter is said to server Apple's cloud-based service, iCloud.

 

 

This is the first time Apple has opted for clean power and greener data centers, as Greenpeace estimated that Apple source only 6-percent of the power for its data centers from clean power (which is the worst on Greenpeace's list) and gave Apple a big, fat "F" for its decisions to build its data centers in areas with little clean power. Funnily enough, North Carolina has one of the dirtiest electrical grids in America, with 61-percent of the power coming from coal, and 31-percent from nuclear.

 

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But, it's one of the cheapest when it comes to the price of power, something Apple may have liked when deciding to build its data center there.

Apple strikes again, patents Slide to unlock

By: Array

Apple's patent trolling has gone on for a while now, stopping Samsung from selling their products in multiple countries, but they've gone too far now. Apple has received a confirmed patent for the "slide to unlock" control in use on every Android phone and tablet that exists.

 

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Every Android device has a slide to unlock feature, where the device is unusable until a slider (or something similar) is slid to a boundary, unlocking the gadget. That simple procedure has now been patented by Apple, removing it from the available design pool to anyone else. This new patent they've successfully achieved, will allow Apple to target any Android device maker it wants and most likely, succeed in court.

 

Even the Windows Phone devices, sliding the lock screen up to access the phone functions, would probably infringe on Apple's patent. This could even extend out to Windows 8 as the preview builds used the same control to unlock the devices. Apple did file for the slide to unlock patent before the original iPhone was released and just received confirmation of the patent. This now puts every Android device ever made into the targets of Apple's crosshair.

Steve Jobs wanted a "thermonuclear war" with Google

By: Array

Walter Isaacson's authorized biography of Steve Jobs is set to hit next week, and within, we find out more details of how Steve Jobs was absolutely furious about Android "ripping off" the iPhone. Of course, multiple smartphone makers and OS builders have "copied" the iPhone, but its not to say that Apple did it first.

 

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Apple bought something to the market that had been attempted before, but just did it better. Google were hot on the heels and have innovated multiple times within their Android OS, where Apple's iOS has not really grown outside of its initial iPhone launch. Yes it has been upgraded with more features, etc, but an actual change in the way it works, no. It still features the same tile-based icon layout, and has only seen "Notifications" in the last iOS 5 upgrade - something from Android.

 

But Steve Jobs hated, hated, hated Android. With a passion. To the point where he wanted a "thermonuclear war" with the company because they "ripped the iPhone off". Isaacson has written that Jobs was livid in January 2010 when HTC introduced an Android phone that boasted many of the popular features found on the iPhone. Apple sued, and Jobs told Isaacson in an expletive-filled rant that Google's actions amounted to "grand theft".

Continue reading 'Steve Jobs wanted a "thermonuclear war" with Google' (full post)

RumorTT: Is Google looking at purchasing Yahoo?

By: Array

According to the Wall Street Journal, Google Inc. has talked to at least two private-equity firms about potentially helping them finance a deal to buy Yahoo Inc.'s core business. This would be a very strategic move for Google, which would push them right against Microsoft in its bid for the company. The move is of course still in "early-stage discussions" with no formal bid put together. The Journal has a few words as to why the move could be a huge win for Google:

 

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Google is interested in selling some advertising across Yahoo's websites-something Yahoo largely does on its own today-according to people familiar with the matter.

 

Any deal involving Google could also bring other opportunities, such as bring Google's social-networking service Google+ to Yahoo's audience of nearly 700 million unique visitors a month, these people said.

 

Yahoo also has relationships with many so-called premium content publishers such as ABC News, which provides video and other content for Yahoo sites and for which Yahoo currently sells ads. Google is interested in having deeper business relationships with such publishers, one of these people said.

Continue reading 'RumorTT: Is Google looking at purchasing Yahoo?' (full post)

Netflix shares have fallen 61%, also lost 800,000 subscribers

By: Array

Netflix have had a very bad time lately, with them admitting on Monday that they lost more customers than expected in the third quarter, which stems from an issue to divorce rentals of DVDs from streaming video services, and they've also predicted that subscriptions for DVD delivery will sharply decline in the current period.

 

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Netflix have also projected that they'll begin to lose money for a few quarters starting in the next period, because of costs associated with their expansions in both the UK and Ireland, also announced on Monday. Investors... not so happy. It was a near-instant reaction with share prices dropping once again. They had already fallen 61-percent from their all-time high in mid-July, falling 26-percent more in after-hours trading Monday, following the quarterly report.

 

Netflix's market value was $16 billion and has now plummeted to just $4.6 billion, all in the space of three months. Netflix have also stated they've lost roughly 800,000 subscribers in the third quarter, which ended with 23.8 million U.S. customers, this is after years of a steadily increasing subscriber base.

Continue reading 'Netflix shares have fallen 61%, also lost 800,000 subscribers' (full post)

Microsoft's YouTube channel was hacked over the weekend

By: Array

Microsoft's YouTube channel was hacked over the weekend, the results of which, all of their videos were removed. The unknown attacker changed the background on the channel to one that included the titles "Predator Cinema" and also a message saying "I DID NOTHING WRONG I SIMPLY SIGNED INTO MY ACCOUNT THAT I MADE IN 2006 :/".

 

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The entire archive of videos on Microsoft's YouTube channel were replaced by short clips titled "We are sponsoring!" and "Make us a background to get a Subbox!!!". There was another video that also showed a scene from the video game LA Noire, with one character shooting another in the head.

 

Microsoft of course confirmed the attack yesterday afternoon saying:

 

We have regained control of the Microsoft channel on YouTube, and we are working to restore all of the original content. We will continue to work with YouTube to ensure safeguards are in place for the future.

Continue reading 'Microsoft's YouTube channel was hacked over the weekend' (full post)

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