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Business, Financial & Legal Posts - Page 4

HTC's former CEO has now left the company, is now retired

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 23, 2016 8:59 am

Peter Chou was the CEO of HTC until last year, when he was replaced with Cher Wang, after the negative early reviews of HTC's One M9 smartphone. Wang replaced Chou as CEO, with Chou moving into the lead role of the HTC Future Development Lab.

 

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According to the latest reports, Chou left his position at HTC in September, when he became the chairman of visual effects company co-founded with Avatar director James Cameron, Digital Domain. It's now owned by Hong Kong's Sun Innovation, with HTC confirming in a statement: "HTC can confirm that Peter Chou retired from the Company after assuming the chairmanship of Digital Domain in September 2015, although he was retained as an Advisor to enable HTC to leverage his extensive experience. We thank Peter for his long-term commitment to the business and wish him well in his retirement".

 

With the position and change of job titles after being dethroned at HTC, it looks like Chou could've been in firing limbo, bouncing around HTC. HTC could've ended it quickly, but he was provided with time to find a new position, and leave the company without a big fuss in the media.

Intel making another attempt at overturning antitrust fine

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jun 22, 2016 2:33 pm

In 2009, Intel was penalized by the European Commission with a $1.2 billion fine for achieving an unfair market advantage against AMD when it provided rebates to manufacturers in exchange for purchasing 95 percent of chips for their computers from Intel. Additionally, the remaining 5 percent from AMD were said to have had "restrictive conditions" imposed on them by Intel.

 

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Intel appealed the ruling two years ago, which was rejected; now it's making a final attempt. Intel lawyer Daniel Beard says the Commission did not analyze "all relevant circumstances" to definitively determine whether the rebates in question did indeed shut out AMD.

 

Meanwhile, the Commission's lawyer Nicholas Khan maintains the position that Intel intended to "[marginalize] or even [eliminate] its only competitor."

Continue reading 'Intel making another attempt at overturning antitrust fine' (full post)

Chicago man shot to death during his Facebook Live broadcast

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 19, 2016 7:27 am

Over the last two weeks, I've been addicted to doing Facebook Live videos for TweakTown - and that's something I will be doing much more of, but there are dangerous sides to Facebook Live video, too.

 

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Chicago man Antonio Perkins was doing a Facebook Live broadcast and was shot to death during the stream in an "otherwise normal evening" reports Engadget. Facebook didn't take down Perkins' video, and while the social network usually removes videos that sensationalize violence, it's leaving Perkins video - and others like it on Facebook, as the social network believes it will help awareness of violence, and its dire consequences.

 

 

The video above, shows that Perkins was shot at multiple times, with his smartphone hitting the ground, with the audio continuing. Screams followed, with "Oh, my God!" and "Call the police!" as well as "Tony! No!". Perkins was pronounced dead shortly after at the hospital. Police said that Perkins was a "documented gang member", with no arrests made at this time.

Continue reading 'Chicago man shot to death during his Facebook Live broadcast' (full post)

AMD stock jumps 10%, riding the wave of both Polaris and Zen

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 19, 2016 3:07 am

AMD has been in the headlines virtually every day this week, and here we are again with some even better news - AMD's stock continues to drive upwards, rising 9.8% yesterday. The reason? Zen and Polaris.

 

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AMD has been pushing its upcoming Zen architecture for CPUs and APUs, and from what we've seen it is impressive. Then we have the bigger part of the puzzle; Polaris, which is the new GPU architecture from the newly-formed Radeon Technologies Group. Polaris will debut later this month with the Radeon RX 480 4GB model at $199, while the 8GB variant is $30 more expensive at $229.

 

Lisa Su, the CEO of AMD, has been chatting with various financial groups, TV appearances and her appearance at E3 2016 to debut the Radeon RX 460 and RX 470 - Su has been reiterating AMD's multi-year investment program, something she talked about during her chat with CNBC yesterday.

Continue reading 'AMD stock jumps 10%, riding the wave of both Polaris and Zen' (full post)

Twitter drops $70 million into SoundCloud

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Jun 15, 2016 9:41 pm

Twitter earlier this year invested $70 million into SoundCloud, both companies have confirmed. Combined with other investments, the audio-sharing service is expected to value at an estimated $700 million.

 

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"Earlier this year we made an investment in SoundCloud through Twitter Ventures to help support some of our efforts with creators," said Twitter CEO Jack Dorsey. "They've been great partners of ours over the years and their community-supported approach mirrors ours in many ways."

 

Meanwhile SoundCloud says the investment will help them with new initiatives like its subscription service SoundCloud Go.

Continue reading 'Twitter drops $70 million into SoundCloud' (full post)

Microsoft to acquire LinkedIn in a huge deal worth $26.2 billion

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 13, 2016 1:02 pm

E3 2016 - In the midst of E3 2016, Microsoft has just announced its plans to acquire LinkedIn for $26.2 billion. The deal will see the creator of Windows acquire the work-focused social networking giant in an all-cash deal, with LinkedIn's share value at $196 each, a 50% premium over LinkedIn stock before the deal.

 

 

LinkedIn will remain independent within Microsoft, keeping its own branding with existing LinkedIn CEO Jeff Weiner included in the acquisition, and will now report to Microsoft boss himself, Satya Nadella. Nadella said: "The LinkedIn team has grown a fantastic business centered on connecting the world's professionals. Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet." Microsoft is planning to close its acquisition later this year, and the deal has been unanimously approved by the boards of directors of both companies".

 

This is Nadella's first big acquisition since he took the CEO position over two years ago, with Microsoft now positioning itself as the "world's leading professional cloud" now mixed together with the "world's leading professional network". With over 433 million LinkedIn users, Microsoft now has a company that was letting those near half billion users network, find employment, and reconnect with old colleagues, and so much more.

Continue reading 'Microsoft to acquire LinkedIn in a huge deal worth $26.2 billion' (full post)

Lenovo says Motorola acquisition 'did not meet expectations'

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: May 26, 2016 7:42 pm

Lenovo's $3 billion 2014 acqusition of phone maker Motorola hasn't worked out well, according to the company's latest financial report. In it, Lenovo states that "integration efforts did not meet expectations" and that its China sales and product transition efforts in North America were "not successful." The hope was for Motorola to become the big third in the smartphone market, a position Huawei has since occupied.

 

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On the bright side, the company says it's learned, which is why it's appointing two co-presidents, one with a strategy for China, and one with a strategy for everywhere else. The plan is to refocus its efforts in China on the affordable yet potentially powerful Zuk brand and to "get the US business back on track with a competitive product portfolio." The first step in the latter case is the latest Moto G launch. The second: the Moto Z, which is expected to feature a radically different approach to be revealed next month.

Razer opening its first US retail store

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: May 16, 2016 5:19 pm

Peripheral maker Razer last year opened retail stores in the Phillipines and Thailand, and now it's about to open its first in the US.

 

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The shop is just across the way from its global headquarters in San Francisco's Moscone Center. Boasting nearly 1,300 square feet and two stories, it features 20 demo stations for its peripherals, audio, and broadcast products, as well as a 16x9 foot video wall that streams gaming content that even onlookers from outside can see.

 

Razer will host weekly gaming events at the outlet and says customers are welcome to stay all day if they feel like it. By the sounds of it, they're going for an arcade vibe, which sounds great by us.

Continue reading 'Razer opening its first US retail store' (full post)

Western Digital's $19 billion acquisition of SanDisk nearly complete

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: May 11, 2016 11:27 am

Late last year, Western Digital announced its huge $19 billion acquisition of SanDisk, with the company receiving its final regulatory approval today. Once it's complete, WD will become even bigger in the storage industry.

 

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WD acquiring SanDisk will allow the company to have a strong position in the continuously growing NAND storage market, in a time where the demand for mechanical HDDs is falling. SanDisk is the third-largest producer of NAND flash in the world, behind industry giants like Toshiba and Samsung.

 

SanDisk's President and CEO, Sanjay Mehrotra, said: "We are pleased that the final regulatory approval has been received and we can now proceed with the planned combination with Western Digital. We thank our stakeholders for their support of this transaction and look forward to contributing to the success of Western Digital as it transforms into the leading storage solutions company".

Twitter stock falls to all-time low

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: May 3, 2016 5:00 pm

Twitter's stocks dropped to $13.90 this morning according to Bloomberg, an all-time low since the company's public inception three years ago. It rose slightly to $13.99 later in the day, putting its market cap at $9.7 billion: a significant drop versus last week's $14 billion, which was estimated prior to the release of the company's quarterly results. As of press time, they sit at $14.08.

 

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Things haven't been going well for Twitter lately, between a recent smattering of executive departures and a trend of dropping stock values. Months ago, The New Yorker went so far as to say the end is near for the social media service, while USA Today stated about the same time that it could go on for hundreds of years due in part to its $3 billion cash reserves. We're inclined to think the truth is somewhere in between.

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