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Business, Financial & Legal Posts - Page 287

HP acquires Palm for 1.3 Billion

By: Array

It's been known for quite a while Palm has been struggling to keep its head above water and the marketplace tells the story pretty quickly they've been failing to compete at a required level to survive in the ever growing, fast paced smartphone world.


At this rate, the end of the road for the company is not all that far away unless something drastic takes place. And that's exactly what's just happened. HP has just announced it's swallowing them up for 1.2 Billion, working out to about $5.70 per share of Palm common stock.


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The deal is set to close on July 31 which is in timely fashion with the end of HP's Q3 fiscal year. From what is known this early on, Pam's CEO Jon Rubinstein is sticking with the company but how operations will change is anyone's guess at this point; it's all speculation.


Continue reading 'HP acquires Palm for 1.3 Billion' (full post)

NVIDIA denies rumors of low Fermi GPU yields

By: Array

The rumors and rumblings that the yields on the new generation of Fermi GPUs from NVIDIA have been exceedingly low have been swirling for a long item now. So far, NVIDIA has been quiet and hasn't offered any official stance on the subject.


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That changed this week when DigiTimes interviewed NVIDIA MCP general manager Drew Henry. Henry stated that the rumors that yields on Fermi GPUs were 20% or less are completely untrue. Henry says NVIDIA has everything under control.


Henry was also asked in the interview why NVIDIA didn't have GPUs with 512 cores and speculation that the lack of 512 core GPUs was due to the low yields. Henry stated that GPUs with 512 cores would be coming in the future, but didn't comment on any specific products.


Continue reading 'NVIDIA denies rumors of low Fermi GPU yields' (full post)

Apple announces record Q2 results

By: Array

Apple announced its Q2 2010 results yesterday and recorded record profits for the quarter ending in March. Apple also reports that sales of the iPhone have almost doubled compared to last year.




Over the quarter, Apple sold 2.94 million Mac computers for a 33% increase compared to last year. A total of 8.75 million iPhones were sold for the quarter, and 10.89 million iPods were sold.


The number of iPods sold is a decrease of 1% from the same quarter of 2009. Apple posted revenue of $13.5 billion with profit of $1.62 billion. Gross margin was 41.7% for the quarter.


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Poll Results - Has NVIDIA lost its edge?

By: Array

In our most recent poll, we asked our readers if they thought NVIDIA has lost its edge. We have had over 2,700 people vote on the poll and the numbers are in for us to go over and examine.


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Among TweakTown readers, a huge 67% of respondents thought that NVIDIA has lost its edge over its competition.


16% thought that NVIDIA hasn't lost its edge over the competition and 7% responded that they are not sure at this stage of the game yet. A rather large 10% just want their cookies and couldn't care less. You folk can stop at the Mc Donald's drive through and pick up some, okay? :)

For the actual numbers, go here.


In our latest poll, we want to know, How many monitors do you use with your main computer? Let us know! Please go here to vote!


Continue reading 'Poll Results - Has NVIDIA lost its edge?' (full post)

Google Single Sign On system exposed during December Attacks

By: Array

Back in December Google claimed that they were attacked by the Chinese government, or at least by someone that was being backed by the Chinese government. However at the time all we heard was the attackers were looking at IP and Google Docs/Mail. Now, however, we hear that it was a password system called Gaia that was targeted.


This system is a "single-sign-on" system that contains passwords for millions of Google Doc, G-Mail, and other Google services. This system was exposed and accessible to the attackers during the two day intrusion. This means that potentially millions of Google users' accounts are at risk. Google has since shut down their site, but Gaia is still being used.


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Continue reading 'Google Single Sign On system exposed during December Attacks' (full post)

Apple considers moving across to AMD

By: Array

It's no secret that Apple has been using Intel processors for several years now. However, a story over at AppleInsider hints that perhaps Apple's relationship with Intel isn't as strong as it seems.


Rumour has it the company is considering jumping ship to AMD and has even been testing AMD based chipsets in their labs. But there's no form of substantial evidence to support this as yet.


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Apparently there are two main reasons for why Apple might decide to do this. The first is due to Apple having to push back the launch date for their latest MacBook Pro line-up with Core i5/i7 based processors because of chip shortages. This had Apple pretty steamed and they are concerned repeats will occur with future refreshes.


Secondly, due to disputes between Intel and NVIDIA, Apple is settling for Intel based IGPs in their MacBook Pro range which as most everyone knows is inferior both in performance and features to what AMD can provide Apple thanks to owning ATI.


One other possible reason that comes to my mind is another excercise in cost-cutting to maximize profits; not like Apple hasn't tried to do this multiple times before, after all.


But as mentioned, this is all rumour mill stuff at this point and while Apple might very well be in discussions about it, it's probably being thrown about at this stage as more of a threat tactic toward Intel to give better support rather than actual happenstance.


Continue reading 'Apple considers moving across to AMD' (full post)

AMD has record Q1 revenue

By: Array

With Q1 2010 coming to an end major tech firms are starting to offer up their financials for the quarter. From all accounts, the economy and tech spending are turning around.




Intel announced a best ever quarter for Q1 2010 and rival AMD has now announced record revenues of its own. AMD has posted revenue of $1.57 billion for the quarter. Operating income was $182 million with non-GAAP net income of $63 million.


Non-GAAP net income per share was 9 cents. AMD thanks its next generation notebook platforms, graphics cards, and server platforms for the improvement in performance. The company posted a loss of $416 million in Q1 2009.


Continue reading 'AMD has record Q1 revenue' (full post)

Gartner statistics show 27% growth in Pc shipments in Q1

By: Array

The PC industry has had a significant upswing in 2010 after coming off 2009, which was one of the worst years ever for the industry. Intel announced its best quarter ever for Q1 2010 and Gartner has reveled higher than expected growth.


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The shipment of PCs grew 27% in Q1 2010 while predictions were for 22% growth. A total of 84.3 million computers shipped for the quarter. HP remained the top shipper of PCs with 18.2% of the market.


Acer seized the second place spot with 14.2% of the market, Dell has third with 12.1% of the market, and Lenovo took forth with 8.3% of the market. Asus and Toshiba tied for fifth with 5.5% of the market each.


Continue reading 'Gartner statistics show 27% growth in Pc shipments in Q1' (full post)

Intel reports record earnings for Q1

By: Array

Intel has its first quarter results in for the year and is happy to report a record profit that has surpassed all expectations and reached in excess of 400 percent higher than the same period last year; increased demand for laptop chips and high-end desktop parts being cited a key factor.


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The giant chipmaker has announced profits of $2.4 Billion, or 43 cents per share with the Q1 revenue at 10.3 Billion, up 44 percent from the same quarter last year.


So, to no surprise, it's all full steam ahead for Intel as they continue to laugh their way to the bank. If you'd like to read about Intel's first quarter results in more specific detail, click here.


Continue reading 'Intel reports record earnings for Q1' (full post)

Adobe possibly thinking about legal action against Apple

By: Array

Not even a week after we tell you that Apple is attempting to ban all third party compilers and porting tools we hear rumors of the law suit to be filed by Adobe. Of course we wanted to know if this was the case and so far have been told that is no grounds for the rumor. Adobe's last comment was that they were looking into the wording of the new SDK agreement, but nothing about any type of legal action.


However all of that might have changed when a statement by Steve Jobs (made in response to Greg Slepak, Co-Founder of To Effects) Jobs is trying to claim, again (Apple tried this with the Mac OS), that by allowing third party tools it will hold back the OS. However, most know that this is not the case and that regardless of the tools used some apps will still come out crappy (just look at a few in the App Store now). Slepak also commented that many apps that are popular on desktop are made by cross-compilers.


Overall I feel this is very ant-competitive and anti-consumer, this feels more like a move to ensure that developers cannot code for multiple platforms with a single set of tools.


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