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Business, Financial & Legal Posts - Page 276

NBN Co head of construction quits

By: Array

The National Broadband Network Company's (NBN Co's) head of construction Patrick Flannigan has resigned in the middle of the controversy surrounding the company's decision to halt the bidding process for the network construction tender.

 

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With the NBN hitting roadblock after roadblock, this is yet another set back for the delayed network. With the company saying:

 

NBN Co is disappointed that Patrick Flannigan, head of construction, has decided to resign. He made a valuable contribution to the leadership team and we wish him all the best in the future.

Continue reading 'NBN Co head of construction quits' (full post)

MySpace Loses 10 Million Users in Four Weeks

By: Array

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MySpace has seen better days. And months. And years, for that matter. After eliminating "major redundancies" to the tune of about 500 positions, MySpace's company profile is beginning to resemble more and more their color scheme: black and blue all over.

 

Everyone is pointing the finger at Facebook, the White Whale of social media- and they're all correct. Facebook's success has overshadowed MySpace for the last two years, if not longer. It got to the point where CEO Mike Jones was forced to admit in November of 2010 that MySpace couldn't compete anymore, would be rebranding itself as a social media entertainment destination of sorts. For all of you keeping track, Yahoo pulled a similar maneuver in the past few years when it failed to stack up to Google in Search- they repositioned themselves as an entertainment news site. And furthermore, if anyone reading this is old enough to remember AOL when it didn't own like 23498 blogs, they did pretty much the same thing when their subscription service tanked (you know, when people realized they could just download an internet browser?).

 

Despite the repositioning efforts which netted the implacable MySpace 95 million unique users, its reported that the site went from 73 million to 63 million unique users in a four-week span between January and February.

 

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HP Signs $100 Million Tech Services Agreement With Coca-Cola FEMSA

By: Array

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Despite their recent issues with Oracle, HP has got Latin America locked down when it comes to technical infrastructure. The company announced today that they will continue the relationship that started over a decade ago with the Mexican arm of soft-drink giant Coca-Cola to the tune of $100 million and 5 more years. Hector Calva, Chief Information Officer of Coca-Cola FEMSA commented,

 

After experiencing sustained growth across Latin America, these additional efforts to centralize and standardize will give us the support we need to find new opportunities to put beverages in the hands of the Latin American people.

Something tells me that the Latin American people want more opportunities than just a soda en los manos, but the idealism is almost as refreshing as their iconic beverage. HP is reportedly consolidating 348 different locations to a single data center in Mexico- from a business perspective, that sounds like a lot of people will be out work once the debris settles. Hopefully they've been there long enough to take advantage of their stock opciones.

 

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British man jailed for two years after hacking Zynga Poker servers and stealing $11 million worth of virtual currency

By: Array

Five letter word for this man? Idiot. A British man has been sentenced to two years in prison for hacking Zynga Poker servers and stealing $11.4 million worth of virtual currency for Zynga Poker.

 

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Ashley Mitchell, from Devon, hacked into the Zynga mainframe and stole the identity of two Zynga employees to transfer millions of dollars of in-game currency to accounts that were in his name. He then sold the chips on the "black market" for cheap chips for the game. After selling roughly one third of the chips, he had made Ā£53,612. Not too shabby and for only a portion of the real "value" of the chips.

 

Continue reading 'British man jailed for two years after hacking Zynga Poker servers and stealing $11 million worth of virtual currency' (full post)

HP Press Release Takes a Stab At Oracle

By: Array

You'd think Oracle would have seen this coming.

 

HP Supports Customers Despite Oracle's Anti-customer Actions

Amid plummeting SPARC server market share, Oracle seeks to force customers to buy their servers

PALO ALTO, Calif., March 23, 2011

HP today reiterated that it will continue the development and innovation of ItaniumĀ®-based Integrity server platforms with its HP-UX operating system using a roadmap that extends more than 10 years.

In addition, HP will continue to support customers running existing versions of Oracle software on Itanium-based Integrity servers, both existing and future platforms, during the same timeframe. Last year, HP launched the industry's most modern mission-critical architecture in more than a decade. This constitutes the longest published roadmap of any UNIX vendor in the industry.

"Oracle continues to show a pattern of anti-customer behavior as they move to shore up their failing Sun server business," said Dave Donatelli, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP. "HP believes in fair and honest competition. Competition is good for customers, innovation and the marketplace. We are shocked that Oracle would put enterprises and governments at risk while costing them hundreds of millions of dollars in lost productivity in a shameless gambit to limit fair competition."

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AMD employees Mike Wolfe as new CIO

By: Array

AMD have announced they've hired Mike Wolfe as AMD's chief information officer. Wolfe brings more than 30 years of engineering and information technology experience as well as being vice president of IT for product development and engineering at HP for the past five years.

 

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Wolfe will be responsible for managing AMD's global technology infrastructure and will report to Thomas Seifert whom is senior vice president and chief financial officer and interim CEO.

 

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AT&T are set to acquire T-Mobile for $39 billion

By: Array

The swipe of AT&T's ultra-platinum-super-crazy credit card can be heard the world over with news appearing today that AT&T has entered into a definitive agreement to acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approx. $39 billion.

 

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The agreement has been approved by the Board of Directors of both companies, Deutsche Telekom will receive an equity stake in AT&T that gives it an ownership interest in of approximately 8-percent. The deal also allows a Deutsche Telekom representative to join the AT&T Board of Directors. The deal is meant to be sealed, awaiting regulatory approval within the next 12 months.

 

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YouTube to hire 30% more staff

By: Array

Google have had a great time with YouTube and have said that 2010 has been a great year for YouTube. The results of this success are leading YouTube to hiring more staff to allow YouTube to grow. The plan is to expand its staff by 30-percent which makes it the largest hiring year in the history of YouTube.

 

 

Right now, YouTube has between 600 and 700 staff, a 30-percent increase would create 200 new jobs. YouTube launched on February 14, 2005 and has enjoyed rocketing success since. YouTube sees 35 hours of video uploaded for every minute that passes and well in excess of 2 billion views per day!

 

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Apple has 200 million iTunes accounts, is now the biggest credit card hub on the web

By: Array

Steve Jobs today announced at the Apple event in San Fransisco that Apple now have 200 million people with Apple ID (iTunes) accounts. These accounts are tied to credit cards with one-click purchase access.

 

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"Amazon doesn't publish their numbers. But it's very likely that this is the most accounts with cards anywhere on the Internet," Jobs said. Apple also has now paid out over $2 billion to app developers directly thanks to those 200 million customers from the App Store. Jobs also said there are now 350, 000 apps in the App Store with 65, 000 specifically built for the iPad.

 

Telstra set to open 100 new stores over the next 3 years

By: Array

Telstra are set to open 100 new stores over the next three years, the stores will feature a simpler product range and accessories tailored to suit local markets, Telstra chief executive David Thodey said. "Our existing stores welcome around 30 million customer visits each year, and this initiative means our retail outlets will now appear in even more locations, making it easier and more convenient for customers to interact with us," Mr Thodey said.

 

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Telstra are also looking at a new online customer service unit to improve customer satisfaction with the boom in its customer base. The unit would develop ways for Telstra customers to do more of their transactions such as, changing plans, ordering new services, or activate additional features, online rather than having to call a call centre.

 

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