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Business, Financial & Legal Posts - Page 268

NVIDIA To Acquire Icera For $367 Million

By: Array

GPU giant meets Baseband & RF superstar, and $367 Million later an acquisition is born. Everyone at both companies is clearly excited about the deal, but nothing will be set in stone until a conference call held between the two companies Thursday, May 12, at 2:00PM PDT. Anyone at all can listen in to the call to find out more details, just dial 706-679-2572- no password or meeting number required! NVIDIA and Icera will also webcast the call, and you can listen in here and here. More details below in the press release.

 

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SANTA CLARA, CA -- (Marketwire) -- 05/09/2011 -- NVIDIA announced today that it has agreed to acquire Icera, a leading innovator of top-performing baseband processors for 3G and 4G cellular phones and tablets.

Icera has more than 550 patents granted or pending worldwide, and its high speed wireless-modem products have been approved by more than 50 carriers across the globe. By combining the companies' products and technologies, including NVIDIA's Tegra processor, NVIDIA will enhance its position as a leading player in the growing mobile market.

The acquisition, for $367 million in cash, has been approved by both companies' boards of directors and is expected to be completed, subject to customary closing conditions, in approximately 30 days.

Continue reading 'NVIDIA To Acquire Icera For $367 Million' (full post)

MySpace Gets $100 Million For Sale Sign

By: Array

After recent troubles affecting the social network turned news & entertainment site, MySpace is on NewsCorp's chopping block. Or rather, on a table at a garage sale. According to the Wall Street Journal, NewsCorp expects around $100 Million for the site, which comes to an 84% loss for the network they paid $580 Million to acquire back in 2005.

 

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NewsCorp evidently hopes to at least scrap the site for parts, so to speak, as they will be accepting offers for select components of MySpace. Reported parties interested in purchasing MySpace (though God knows why) include THL Partners, Redscout Ventures, Criterion Capital (owner of social network Bebo, Chinese Internet holding company Tencent, and even MySpace co-founder Chris De Wolfe.

 

Isn't that kinda like a furniture craftsman buying back his own work at an antique auction?

 

YouTube Founders Make Delicious Deal

By: Array

Chad Hurley and Steve Chen, founders of YouTube have acquired Delicious. Wait what? Didn't Yahoo acquire Delicious back in 2005 for like $10 million? The answer is yes, but evidently Yahoo is selling off its acquisitions.

 

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Delicious, formerly "del.icio.us" is a social bookmarking site- it allows you to keep track of bookmarks and access them from any computer, thus eliminating the frustration of having to access particular browsers on particular computers. We're not sure about the details of this reacquisition, but it can't an altogether bad thing to be under the auspices of the guys that brought us the most addictive website since.....uh.....ever?

 

Delcious will continue under Yahoo until July of 2011, and if you're a current user, the transition will be "seamless". Check out their site and/or the press release below for more details.

 

April 27 2011
YouTube Founders Acquire Delicious

Today, we're pleased to announce that Delicious has been acquired by the founders of YouTube, Chad Hurley and Steve Chen. As creators of the largest online video platform, they have firsthand experience enabling millions of users to share their experiences with the world. They are committed to running and improving Delicious going forward.

Providing a seamless...

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Update: Online Poker Flops On The River With $3 Billion, 65 year indictment

By: Array

Last week the US Department of Justice and the Federal Bureau of Investigation indicted 11 defendants involved in American Online Poker sites.

 

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If you don't recall, among the defendants were the founders of Full Tilt Poker, Absolute Poker, and Pokerstars, and they were charged with conspiracy, bank fraud, money laundering, bribery, and scheming with a 2006 legislation proposal that would have made online gambling illegal. The DoJ now wants somewhere around $3 Billion and as many as 65 years in prison for some of the defendants.

 

In other news, the American Congress might just make online gambling completely legal- or illegal. Only the next few months will tell.

 

AMD posts revenue, improved profits... bulldoze.. previous quarters

By: Array

AMD have posted their latest earning results and for the first quarter of 2011 they were up by 2-percent compared to last year. Net income has grown by a very decent 98-percent. First quarter profits were higher than those from the holiday quarter, by 36-percent.

 

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AMD attributes the year-on-year growth to shipments of their APU (accelerated processing units), which "greatly exceeded" their expectations. Most people want to know which of AMD's businesses did best last quarter, microprocessors or graphics? The computing solutions side of things saw a revenue rise of 3-percent compared to last year, despite lower average selling prices. On the flip side, the graphics business was "flat year-over-year" and it also saw prices decrease.

 

Looking toward Q2, AMD is expecting its revenue to be "flat to slightly down" compared to the results of Q1.

 

Resistance Is Futile: Fraunhofer IPMS Announces Borg Vision, Pleases The Collective

By: Array

Fraunhofer IPMS announced today a working protoype of the world's first Borg vision. That is, a bidirectional and eye-tracking OLED micro-display. For the layperson, that's transparent screen on which you can see digital content. And it looks like this:

 

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So basically, reflected light that generally assaults your eyes are used to overlay digital information through the eyepiece. Imagine the Monocle function in the Yelp application, but as you are walking around in real-time, without holding your iPhone out in front of you the entire time. Even better, since its an "eye-tracking" piece of hardware, it always knows where you're looking(!), allowing all sorts of interesting uses in the way of photo recognition, facial recognition, natural feature tracking, and social networking.

 

This bodes very, very well for Augmented Reality development, and if Fraunhofer can make sure this stuff hits industrially before it hits commercially, we'll have all kinds of crazy stuff happening, all in the blink of an eye. Too cheesy? Press release to follow.

 

Continue reading 'Resistance Is Futile: Fraunhofer IPMS Announces Borg Vision, Pleases The Collective' (full post)

Samsung fights back! Claims Apple is violating their wireless technology patents

By: Array

Samsung have fired back at Apple after Apple slapped them with a lawsuit saying that Samsung have copied their iPhone and iPad designs with the Galaxy phone and Galaxy Tab range. Samsung provide Apple with semiconductor chips and display panels for Apple's mobile products and have not (to this point in time) sued Apple for infringement but obviously Apple have pushed Samsung over the edge and now they're fighting back saying:

 

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"We have no choice but to respond strongly this time".

 

Continue reading 'Samsung fights back! Claims Apple is violating their wireless technology patents' (full post)

Meizu Invites Apple Ire By Moving To USA, Joins Already-Hopping Litigation Party

By: Array

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What? Apple is redubbing their iPhone 5 as the "M9"?! Nope. But that's probably why Apple's going to sue Meizu as soon as they step foot in the country. According to Electronista, the Chinese tech company is planning on opening an office in California, from which it would market its suspiciously familiar-looking portable products, the M9 (pictured above) and the M8. These phones certainly have the look and feel of a post-pc device, and though Apple hasn't followed up on some patent claims they filed against the M8, but I mean, c'mon Meizu. You're just asking for it.

 

Apple has already accused Samsung of infringement because the latter makes portable rectangular things that surf the web. What do you think they're going to do when your device, ya know, pretty much looks the exact same.

 

Best of luck Meizu!

 

Apple slap Samsung with a lawsuit, claim they've copied the iPhone and iPad

By: Array

Apple is not happy with Samsung, they've filed a patent infringement lawsuit against Samsung (who have just sold their HDD operations to Seagate btw!) for the Galaxy-branded line of products. Apple is claiming that Samsung have infringed on their rights with the Galaxy S phones and Tab by violating various patents which were assigned to Apple by US PTO.

 

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Apple also think that the Galaxy S phones and Galaxy Tab look like their iPhone and iPad, which is a violation called "trade dress". Apart from sounding like Apple are saying Samsung are cross-dressing, Apple are seriously pissed about this and are claiming that the Galaxy Tab took its design from the iPad with the same aspect ratio, rectangular shape, rounded corners (oh no!) and similar black border - referencing the similarities found in the iPad.

 

Continue reading 'Apple slap Samsung with a lawsuit, claim they've copied the iPhone and iPad' (full post)

Poker Site Founders Get Bitchslapped By US Department Of Justice

By: Array

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Eleven defendants, including the founders of online gambling sites PokerStars, Full Tilt Poker and Absolute Poker are the subject of a United States Department of Justice indictment, unsealed today. The indictment charges the defendants with bank fraud, money laundering, and illegal gambling offenses. Authorities in New York also issued restraining orders against more than 75 bank accounts, and seized five different internet domain names. Damn, that's cold.

 

Evidently, Manhattan U.S. attorney Preet Bharara has charged Isai Scheinberg and Raymond Bitar, founders of PokerStars and Full Tilt Poker, respectively, and nine other defendants with fraudulently scheming to thwart a 2006 antigaming litigation that prevents US banks from processing online poker payments. Bharara said in a statement:

 

As charged, these defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits.

This is some pretty serious stuff, poker dudes. I have multiple friends that are professional poker players and spend a good deal of time online. The saddest thing about all of this is that the fallout from some greedy and shady dudes doing greedy and shady things is going to hurt the people that actually ma

 

Continue reading 'Poker Site Founders Get Bitchslapped By US Department Of Justice' (full post)

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