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Business, Financial & Legal Posts - Page 289

Cracked glass stair from 5th Ave Apple store lands on eBay

By: Array

Maybe it's just me, but If you swipe something from an Apple Store without the employees knowing it you might not want to post the item on eBay for sale stating that you liberated it from the store. An eBay auction has turned up for a stair from the Apple Store on 5th Ave in NYC.

 

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The guy offering the stair says that it was cracked when someone dropped a bottle on it and was replaced by store workers. The guys states he took the stair before the workers could throw it away. What he should say is I took it before I thought they were going to trash it.

 

The dude claims that the stairs cost $10,000 new and he wants $2,500 for the stolen, cracked stair. I have to wonder how Apple will feel about this. The guy could be looking at serious jail time if Apple wants to press this and the $10K price is accurate. You are an idiot if you buy this, I'm just sayin'.

 

Continue reading 'Cracked glass stair from 5th Ave Apple store lands on eBay' (full post)

NVIDIA employee told flight attendant he had a bomb in his jacket

By: Array

Anyone with half a brain should know that in the post 9/11 world you don't joke on a commercial flight that you have a bomb in your jacket. If you do, you should expect one or all of these three things to happen. You should get beat up by the person in the seat next to you, the flight crew will call the cops, and you will be arrested.

 

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Allegations have surfaced that a marketing employee for NVIDIA named Yushing Lui told a flight attendant on a commercial flight from San Francisco to Hong Kong that he had a bomb in his jacket. The flight was aboard a Cathay Pacific plane.

 

According to reports the attendant was about to hang his jacket up when he made the comment. Lui now denies that he said there was a bomb in his jacket. The man was removed from the plane and arrested and is now out on $10,000 bond and set to appear in court later.

 

Continue reading 'NVIDIA employee told flight attendant he had a bomb in his jacket' (full post)

Newzbin Ltd. vs. MPAA Updates

By: Array

A few years ago at a CES party I met a trio of MPAA lawyers hanging out with us tech media folk. Who would have ever thought I would get a chance to chat these guys and gals up when they were off guard and drinking up others party favors? I have to admit that they didn't appear to be the sleaze balls I pictured, they were young and had the kind of charm that you would find when taking a trip to Kansas. Seeing my opportunity I had to ask about their own music / movie downloading habits. To my surprise all three admitted to downloading both music and moves from the internet but wouldn't suggest others do it because "now days people are watching."

 

One group that is currently under the microscope is Newzbin Ltd. What makes Newzbin different than the Torrent trackers is that it catalogs some of the internet's oldest files that sit on Usenet. Newzbin does not have their own Usenet servers but simply catalogs and organizes. The MPAA feeling like they own the Internet has chose Newzbin as their latest victim of legal harassment and court proceedings are already underway.

 

Newzbin has taken to updating the court proceedings on their home page that serves as a news page. It seems that things are not looking too good for the company at this point but Lady Justice has yet to sing. You can read about the updates by clicking on the News Source link below.

 

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Google says No to AU governments request for heavy censorship

By: Array

Australia's Communications Minister Stephen Conroy is all about censoring as much material as possible on the internet. He loved every bit of Google's compliance with China's and Thailand's request to have a search filter implemented that restricts people in the country as to what is available for viewing, this including YouTube videos that are in any way relative to euthanisia, safer drug use, violence and crime comitting (incl. painting graffiti etc.)

 

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In his censor mad efforts to restrict more of whats available down under on the world wide web, Conroy has requested Google voluntarily provide the same filtering service as it does elsewhere. However, Google has replied promptly with a NO, explaining that all of the aforementioned topics are not illegal and YouTube already has its own filtering service that prevents more explicit (RC) rated content from being available.

 

Google has also indicated its desire to soon pull out of the China due to continuous requests to censor more and more material.

 

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Micron to Acquire Numonyx

By: Array

The following news story was submitted by Jim Handy of Objective Analysis.

 


Late Tuesday Micron announced that the company had signed a definitive agreement to acquire Numonyx in an all-stock transaction. Micron will issue 140 million shares of the company's common stock, worth approximately $1.27 billion, to Numonyx shareholders Intel, STMicroelectronics, and Francisco Partners.

 


Micron Re-Enters NOR

 

The NOR flash market has been a difficult one for nearly all participants. Leaders Numonyx and Spansion have suffered losses for several years, with Spansion recently turning a profit through a strategy largely focused upon markets for low-density parts used by markets outside of cell handsets, the largest consumer of NOR flash. Micron itself participated in NOR starting in the late 1990s, but abandoned this effort in 2006.
By acquiring Numonyx, Micron is buying the current leader in the market, a position Numonyx is believed to have held for the past two quarters. Numonyx should add roughly $1.5 billion to Micron's revenue stream at today's run rate, increasing the company's share of the semiconductor memory market. Objective Analysis projects for the memory market to explode in 2010, and this is likely to amplify the impact of this acquisition.

 


What Does Micron Get?

 

Numonyx is first and foremost a manufacturer of high-density NOR flash. NOR flash has been a large market, but not a profitable one. High-density NOR competes against NAND for camera phone designs, and NAND prices have been depressed for the last three years, dragging NOR prices down with them.
The company has strong technology, a good IP portfolio (which may have strings tied back to parents Intel and ST), one production 200mm fab, and a shell built for a 300mm fab in Sicily.

 

One key difference between Numonyx and both Spansion and Samsung, the other two competitors in the high-density NOR market, is that Numonyx has been ardently pursuing the phase-change memory (PCM) market, which is expected to take off once NOR flash hits its scaling limit. Interestingly, Numonyx' PCM is licensed from Ovonyx, a company founded by former Micron executive Tyler Lowrey. With the acquisition Micron will gain significant experience in this technology, for which Numonyx had first revenue shipments in late 2008.

 


What About Hynix?

 

It is unclear what this means to the Hynix/Numonyx relationship. Numonyx was using Hynix as a NAND and DRAM foundry under a deal in which Numonyx provided flash technology to Hynix. Numonyx also has a 21% stake in a Hynix wafer fab in Wuxi, China. We will be watching this to see what develops.

 


Executing a Typical Strategy

 

Micron has a penchant for acquiring companies at a low point in the market using depressed Micron stock to fund the transaction. Perhaps the most notable example is the company's acquisition of Texas Instruments' DRAM business in 1998. Although Intel, STmicroelectronics, and Francisco Partners today will receive $1.27 billion worth of Micron stock at today's prices, this stock is quite likely to increase in value by the end of next year, leading to gains for the parent companies, while allowing Micron to perform the purchase at a relative bargain. This projection is based on Objective Analysis' projection that DRAM prices will behave in their typical manner, remaining roughly level through the end of 2011, when the next overcapacity should begin.

 

All in all Objective Analysis anticipates that this will be a good deal for both buyer and sellers. This is the kind of deal we expected to see more of during the current downturn, a kind of hallmark for Micron.

 

Jim Handy
OBJECTIVE ANALYSIS
PO Box 440
Los Gatos, CA 95031-0440
USA
http://www.Objective-Analysis.com

 

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Amazon still won't say how many Kindles it sells

By: Array

The Amazon Kindle can be credited for a large part of making the eReader market what it is today. After the Kindle became so popular, new readers started popping up in droves. Amazon recently unveiled its financial info for Q4 2009.

 

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The company still won't say exactly how many of the Kindle readers it sold. As close as we get to know how well the Kindle is selling is a vague statement from Jeff Bezos stating, "Millions of people now own Kindles."

 

I don't get why Amazon won't say how many it sells. It's not like not saying anything will keep other products from coming to the market. I also expect the iPad to give the Kindle a serious challenge and the numbers may change.

 

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AMD sees forward momentum in market share as of Q4'09

By: Array

IDC has learned through some market research that AMD's fourth quarter financial success isn't only due to Intel's payout settlement of $1.25 Billion, but also thanks to an increase in microprocessor shipments for both the mobile and desktop markets, while Intel saw a drop in both.

 

Where the same time in 2008 AMD had control of 26% of the desktop microprocessor market, a rise at the end of 2009 saw an almost 3% growth to 28.6%.

 

While the figures aren't as impressive in the mobile market, AMD's share here went from 10.2% in Q4 2008 to 12.7% at the end of 09; a jump nonetheless. No doubt their quite capable little Athlon Neo has given them a helping hand here with it being found in a mass of ultraportables recently.

 

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Apple reports Q1 earnings with huge profits

By: Array

Apple is one of the companies that technology fans either love or hate. There is no denying that Apple makes some of the most compelling products in the tech world from notebooks to desktops and the iPhone its products are very popular.

 

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Apple has released its Q1 earnings report with revenue of $15.68 billion for the quarter. Gross margin for the company was 40.9%. Over the quarter, Apple sold 3.36 million Mac computers, up 33% from the same quarter of the previous year. iPhone sales increased by 100% for the quarter.

 

In all 8.7 million iPhones were sold. Apple reports that it sold 21 million iPods. Despite the huge number of iPods sold, that number is down 8% from the same quarter of the previous year. Steve Jobs says Apple is now a $50 billion company.

 

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AMD's financial woes diminish - 2010 is bright

By: Array

After experiencing several years of financial losses, things are looking up for AMD once again with reported revenues of $1.65 Billion in Q4'2009 and net income of $1.18 Billion.

 

Had it not been for a $1.25 Billion settlement payment received due to an antitrust dispute with direct competitor Intel, we would have witnessed yet another reported loss. AMD's CEO Dirk Meyer is all smiles for 2010; "We enter 2010 having completed the transition to a fabless business model, reached a historic antitrust settlement, and made significant progress strengthening our balance sheet."

 

However, even with Intel's $1.25 Billion payment to AMD, it too reported revenues up by 28% for Q4'2009, reaching 10.6 Billion and a net profit of $2.3 Billion.

 

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$900 Million Chip Settlement between Samsung and Rambus

By: Array

After a long drawn out litigation process concerning royalty payments, Samsung and Rambus have finally reached settlement this week in which Samsung has agreed to pay Rambus $900 Million. The $900M financial settlement is based on the following conditions :-

 

• A one-time payment to Rambus of $200 million

 

• Future payments of about $25 million per quarter for the next five years

 

• Samsung's purchase of $200 million worth of Rambus stock

 

Under the agreement there will also be new technology collaboration between the two companies. Samsung has said that the settlement doesn't put a huge dint in its earnings as it had already set aside provisions and its shares were up 1.1% in midday trading in Seoul on Wednesday.

 

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