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Twitter CEO Evan Williams steps down

By: Array

Twitter's CEO Evan Williams is stepping down and handing his torch over to Chief Operating Officer, Dick Costolo.

 

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Williams said he will stay involved in "product strategy", while the new CEO, Costolo takes charge of various monetization efforts Twitter has launched in the past few months - most of them focusing on providing marketing and advertising services.

 

During his run as CEO, Twitter grew from around 20 employees to 300, the number of tweets exploded from 1.25 million daily to 90 million, registered users also saw the same explosion in numbers going from 3 million to more than 160 million.

 

Considering Twitter was created as a "side project" in 2006 - it has come a very long way in the past 4 years.

 

HP name Leo Apotheker as the new CEO and President

By: Array

Why hullo there Leo Apotheker - he has been named the new CEO and President of HP.

 

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HP named Leo Apotheker today as their new CEO and President - Leo Apotheker has been with SAP for over 20 years will also join HP's board of directors. He will take effect as CEO come November 1st.

 

We knew this was coming because of Mark Hurd's exit in August.

 

HP also named Ray Lane as the new Chairman of it's Board of Directors.

 

NVIDIA reaches settlement in class action lawsuit

By: Array

Remember the faulty NVIDIA GPU debacle a few years back? If you do, there has been a lawsuit brewing for a while now which has finally been settled.

 

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The NVIDIA GPU issue was found in Apple and Dell laptops - the settlement includes are placement of the GPU or MCP - while users of the HP laptops that were affected will get a full replacement laptop, "similar in kind and value".

 

Anyone who has already paid for repairs to their laptop due to the faulty GPU issues will be allowed a full reimbursement, provided they have the documentation and invoices for all repairs.

 

You'll have to wait until after December 20th for the final hearing with claims only to start after that.

 

iiNet shareholders "overwhelmingly" vote for takeover of AAPT

By: Array

iiNet shareholders today overwhelmingly approved the acquisition of AAPT's consumer devision at iiNet's Extraordinary General Meeting held today.

 

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iiNet's CEO, Michael Malone said that "the overwhelming support from iiNet shareholders is a reflection of the compelling strategic rationale for the acquisition and confidence in the company." "iiNet will become the clear leading challenger brand in the Australian telecommunications market following the acquisition of AAPT's Consumer Division, iiNet will have more than 1.3 million customer services, including in excess of 650,000 DSL subscribers, the second largest in Australia."

 

He also added "In addition, we will have over 2,000 staff across four countries dedicated to maintaining the Company's high quality customer service. iiNet's significant scale position, combined with our ever growing suite of cool products, well known brands and market leading service levels uniquely positions the company for continued growth in the changing industry landscape."

 

iiNet shareholders now having approved the acquisition, completion of the acquisition will occur on September 30, 2010. The acquisition has been entirely funded from cash on hand and the extension of existing debt facilities.

 

This move should push iiNet into Australia's second biggest ISP position.

 

TechCrunch acquired by AOL

By: Array

Remember when AOL was known for sending you thousands of free dial up internet CDs and "You've Got Mail?" AOL is now making their move to consume tech media outlets, and TechCrunch is the latest to join the fold.

 

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AOL has acquired TechCrunch, a popular tech news outlet, and their related properties like MobileCrunch for a reported $40 million. The deal was officially announced and signed at the TechCrunch Disrupt conference today in San Francisco between AOL CEO Tim Armstrong and TechCrunch Founder and Co-editor Michael Arrington. TechCrunch joins Engadget, Switched, and Download Squad as major tech media players now flying under the AOL flag.

 

Oracle are in the market for a major chipmaker

By: Array

Oracle corporation is on a spending spree after this years acquisition of Sun Microsystems, a large system builder. Oracle wants to reinforce it's enterprise IT business with the acquisition of a major chip-maker.

 

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At the moment, AMD, IBM (it's processor division) and NVIDIA are being named as potentials.

 

CEO Larry Ellison said, "You're going to see us buying chip companies,"

 

Ellison said he wants to copy the approach of Apple's CEO Steve Jobs by owning more of the IP that goes into computer chips.

 

While it makes sense to purchase chip-makers, an acquisition of a large GPU company like AMD or NVIDIA would be interesting to say the least. While NVIDIA is "down" (high end sales, when compared to 5k series sales) it looks very interesting - it would give NVIDIA more strength to start the obvious fight next year when AMD treads the APU territory, while NVIDIA are stuck with just a GPGPU and no integration of an x86 chip.

 

More interestingly, share prices of both AMD and NVIDIA rose slightly yesterday after this news hit.

 

TMSC to show off 20nm chips with FinFET transistors at IEDM

By: Array

Taiwan Semiconductor Manufacturing Company (TMSC) might be showing off a glimpse of the future of chip manufacturing tech smaller than 20nm when it pulls back the curtain on it's latest research involving FinFET transistors at a chip industry event later this year.

 

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Most existing products are built using planar transistors, invented in 1959 they are low-cost, efficient transistors. But, chip makers are now looking at other transistor design methods to shrink their die below 20nm, TMSC seems to heart the FinFET design because of their "fish-fin" design which reduces the size of working transistors.

 

TMSC will show off high performance 22nm and 20nm tech that features FinFET transistors at IEEE's International Electron Devices Meeting (IEDM) which is happening on 6 - 8 December of this year in San Fransisco.

 

Continue reading 'TMSC to show off 20nm chips with FinFET transistors at IEDM' (full post)

ACCC recommends new copper pricing

By: Array

The Australian Competition and Consumer Commission (ACCC) has recommended to Telstra to lower their wholesale pricing to their copper network. iiNet's chief regulatory officer, Steve Dalby doesn't seem to think it will get Telstra to play ball.

 

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The ACCC recommends a price reduction in wholesale line rental (WLR) (the price an ISP pays to provide a line when not connected to their own infrastructure) on top of a recommendation to drop the local carriage service (LCS) pricing.

 

Continue reading 'ACCC recommends new copper pricing' (full post)

LG Electronics CEO resigns

By: Array

Looks like life is not, in fact, good at LG.

 

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CEO Yong Nam has just stepped down as CEO of LG Electronics wanting to "take responsibility for the slack performance", which in my opinion isn't all his fault, it's the market we're in right now. Unless you're Apple, you just don't seem good enough.

 

He's not the only CEO of a large company to step down lately, HP and Nokia have had them step down in the recent months too. Yong was only CEO for a short 3 years and nine months also.

 

But, sometimes it takes something like this for a company to re-shape, re-design itself and get some of that "we can do it" attitude. It might be a sign of good things to come from LG.

 

Intel to purchase McAfee at $48 per share

By: Array

Intel and McAfee are two companies that most are familiar with. Intel is the largest maker of processors in the world and McAfee is one of the largest PC security companies around with antivirus software and more. Intel has announced that it plans to purchase McAfee at $48 per share in cash. The value of the deal is about $7.68 billion.

 

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The purchase will allow Intel to offer a combination of software and hardware that will be able to better protect customers when they go online. Intel claims that the purchase will also improve its mobile wireless strategy. Presumably, that means more security for mobile devices like MIDs and smartphones as Trojans and other attacks become more common on these devices.

 

Continue reading 'Intel to purchase McAfee at $48 per share' (full post)

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