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Business, Financial & Legal Posts - Page 272

Sony buys back Toshiba's Cell plant for 50 billion yen

By: Array

Toshiba seem to have not had quite the run with Cell processors as they had planned. Back in 2008 they purchased the Nagasaki manufacturing plant for $90 billion yen ($835 million) and are now selling it for $50 billion yen ($597 million).

 

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Making a loss, but Sony seems to be smiling with promise here. Rumor has it that Son might use the plant to build more CMOS chips for its high-end camera range. Sony have also said they will use the facility to produce HD image sensors for cameras and smartphones.

 

Terry Makedon moves to Fusion team

By: Array

Terry "CatalystMaker" Makedon might require a new nickname, maybe "FusionMaker" will suite him well? Terry Makedon is moving jobs within AMD (as posted about yesterday) but in January he will start as software marketing manager for Fusion APU's.

 

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He has said to KitGuru: "As of January 1st I will be changing jobs within AMD. I will switch from being the manager of software product management for Radeon to being the software marketing manager for Fusion APU's (Accelerated Processing Units). I am looking forward to working on the brand new and exciting market of APU's."

 

Continue reading 'Terry Makedon moves to Fusion team' (full post)

RumorTT: AMD market share to grow in 2011?

By: Array

Intel and AMD have a lot in store for us tech-junkies. Intel's Sandy Bridge launches, as well as AMD's Bulldozer and Bobcat ranges, plus AMD's Llano APU's!

 

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According to DigiTimes, Taiwanese notebook and motherboard manufacturers have their bets placed with AMD. Those anonymous (bah!) Taiwanese firms have predicting AMD's notebook market share will swell from it's current 11% in 2010 to 15% in 2011. With their server and desktop market shares increasing from 20% to 25%.

 

Continue reading 'RumorTT: AMD market share to grow in 2011?' (full post)

Facebook founder Zuckerberg meets with Baidu execs in China

By: Array

Facebook may seem like it's a worldwide phenomenon, but there's actually a huge chunk of the world left out as the website is blocked from use by China. Facebook founder recently met with the head of China's largest search engine Baidu for a tour and lunch to discuss the current state of the internet in China.

 

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According to Baidu spokesman Kaiser Kuo, that the meeting with Baidu chief executive Robin Li "makes sense -- he is interested in the Chinese Internet, he's made that very plain. Obviously this is one of the big dark spots for Facebook because it is blocked here in China." Zuckerberg played off the trip as a cultural experience: "I'm trying to understand the language, the culture, the mindset -- it's just such an important part of the world." Obviously, since it's one of the few parts of the world not addicted to FarmVille.

 

Best Buy ends high-priced restocking fees

By: Array

I think I can speak for everyone when I say restocking fees suck. We all know it doesn't really cost companies 10% or more of what the purchase price of a gadget is to restock them. Those fees are just a way for the company to help talk us into keeping the gadgets we really don't like and would return if we didn't have to pay a fee. Best Buy has announced it has finally stopped being such a douche and eliminated restocking fees.

 

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The fees were killed off on December 18 and the store will even refund you that restocking fee if you made a return in the 30 days or so prior to the 18th and were charged 10% or 15%. The old restocking fees were 10% of the price on an iPhone and 15% on other electronic devices like notebooks, TVs, GPS devices and more. Those high fees could add up to some really big losses for the consumer.

 

Continue reading 'Best Buy ends high-priced restocking fees' (full post)

Julian Assange is nearly free

By: Array

Julian Assange, head of WikiLeaks is set to be freed on bail today. The bail has been set at £220,000 before he can even step foot into the normal, free world.

 

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Once Assange is out on bail he will be staying at a 600-acre country estate owned by support Vaughn Smith, a former Arm captain who founded and runs The Frontline Club for journalists - Assange himself has made regular personal appearances there and where he stayed prior to the cause being brought.

 

Continue reading 'Julian Assange is nearly free' (full post)

Twitter is now worth $3.7 billion

By: Array

Twitter has received $200 million more in funding from bid winner Kleiner Perkins who beat out DST - this was from a valuation of $3.7 billion.

 

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Not only does Twitter have more coin, they've also added two new members to their board, Flipboard's Mike McCue and DoubleClick's David Rosenblatt. The latest addition in funds increases their total funding to around $360 million.

 

Yahoo! employees get pink slips for Christmas

By: Array

The rumblings have been going around for a couple months now, and now it looks like the Yahoo! Downsizing is official. The big time web company is laying off around 4% of their workforce, making the fourth time in three years that Yahoo! Has downsized their staff.

 

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Around 600 people lost their jobs, but reports are showing that the severance packages were fairly lucrative. Reports of six week vacations and job placement have been reported, but that can't soften the blow of losing your job during the holidays much. Yahoo! has been losing their battle for search supremacy to Google and even Facebook.

 

Continue reading 'Yahoo! employees get pink slips for Christmas' (full post)

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