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Intel records $11.1 billion revenue, $3 billion in profits

By: Array

Intel have recorded another record quarter, raking in $11.1 billion in revenue, with $3 billion of that in profits.

 

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Supposedly, the record revenue and profits are due to increases in laptop and server chip sales, but Atom doesn't get any of the fan-fare, Atom sales actually dropped by four percent.

 

Other Q3 highlights are:

 

Continue reading 'Intel records $11.1 billion revenue, $3 billion in profits' (full post)

Telstra has a new CIO

By: Array

Telstra has named their new CIO today.

 

Meet, Patrick Eltridge:

 

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Former Seek and Westpac CIO, Patrick Eltridge has stepped up to the plate of chief information officer, replacing former CIO John McInerney who resigned in June of this year.

 

Patrick begins his turn as CIO from November 22nd of this year.

 

Telstra's chief operating officer, Michael Rocca said in a note to Telstra staff "I am pleased to announce that Patrick Eltridge joins us from Standard Chartered Bank in Singapore, starting as CIO on 22 November 2010. Patrick is ideally suited for Telstra's CIO role as his wide experience in the banking sector includes managing significant system changes, performing in a global architectural role and operating in a customer-facing business unit,"

 

"Patrick's deep knowledge and support of a customer-led business with a particular focus on online customer experiences and workforce productivity will add significant value to the position."

 

Continue reading 'Telstra has a new CIO' (full post)

Microsoft to buy Adobe?

By: Array

Right now there's no confirmation, but the one thing that should interest you is the news caused Adobe Systems stock to rise 17% before falling slightly down to 11.5% higher than before the rumour. Microsoft shares rose by 0.4%.

 

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News broke from The New York Times as they reported Microsoft CEO Steve Ballmer had a secret meeting with Adobe CEO Shantanu Narayen at Adobe's San Fransisco offices "recently".

 

The two had supposedly talked about Apple's dominance in mobile phones and discussed various options to attack that, with the inclusion of Microsoft purchasing Adobe.

 

Both Microsoft and Adobe have declined comment.

 

Continue reading 'Microsoft to buy Adobe?' (full post)

AMD extends it's AMD Fusion partner program to distributors

By: Array

AMD is stamping it's one year anniversary of the AMD Fusion Partner Program by introducing the AMD Fusion Partner Program distributor track. The expanded program will give distributors access to all of the benefits and goodies within the AMD Fusion Partner Program to help increases sales of AMD-based solutions. AMD is also introducing the AMD Rewards Program - which is being used to add sales-based incentives for partners to increase channel sales growth.

 

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David Kenyon, corporate vice president, Worldwide Channel Marketing, AMD said "It's amazing to see how far we've come in such a short amount of time," he also added "By extending the AMD Fusion Partner Program to all of our valued distribution partners, AMD is proud to now offer them vital information, motivation, support and incentives to help them to be successful in today's marketplace."

 

Continue reading 'AMD extends it's AMD Fusion partner program to distributors' (full post)

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.

 

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