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Netflix has 69 million subscribers, $1.74 billion revenue for Q3 2015

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 16, 2015 6:37 am

Netflix has just posted its Q3 2015 results, reporting $1.74 billion in revenue with a net income of $29.4 million. Analysts were expecting slightly better results, estimating Netflix would pull in $1.75 billion in revenue.




The streaming video giant added 3.62 million new subscribers in the past three months, which now has Netflix tally up a huge 69.17 million subscribers. Internationally, Netflix added 2.74 million new subscribers while 880,000 new subscribers signed up in the US. Netflix expected more Americans to subscribe, where it estimated that 1.15 million new US subscribers would join the service.


Netflix's share value dropped over 14% in after-hours trading, but it quickly rebounded to slide back to around $4 from its closing value.

AMD revenues down year-over-year, with a net loss of $136 million

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 15, 2015 10:41 pm

Days after we reported that 21-year veteran to AMD left for the warm arms of NVIDIA, AMD reports its third quarter financials. The chipmaker reported revenues of $1.06 billion ending September 30, much lower than the $1.43 billion from last year.




AMD's net loss was $136 million, or 17 cents per share, compared to last year where they made a profit of $41 million or 5 cents per share. AMD said that it had a write-down of $65 million for inventory of its older APUs, which saw the company take an 8 cent a share charge. AMD's higher semi-custom chips, such as the APUs powering the Xbox One and PS4, are doing well, but GPU sales are down from last year - even in the wake of the new Radeon R9 390X and new HBM-powered cards in the R9 Nano, R9 Fury and R9 Fury X.


The company has also announced a new agreement with Nantong Fujitsu Microelectronics (NFME) to create an Assembly, Test, Mark and Pack (ATMP) joint venture, with NFME handing over a cool $436 million to secure itself an 85% chunk in the new partnership. NFME will hand over $ 371 million in cash, with the deal closing in the first half of next year. What about the last quarter of 2015?

Continue reading 'AMD revenues down year-over-year, with a net loss of $136 million' (full post)

AMD loses 21-year veteran, now leads NVIDIA's Compute Server team

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 15, 2015 1:39 am

AMD has lost another valuable member of its team, with Phil Rogers leaving the company after a huge 21-year stint. Rogers was one of the key personnel that lead the development of Heterogeneous Computing, which is set to kick start the next era of computing.




Rogers has joined NVIDIA, where he takes the throne of the Chief Software Architect of Compute Server. He had been a Corporate Fellow of System Architecture and Performance at AMD before he jumped ship. Rogers' updated LinkedIn profile also shows that he is now with Team Green. For AMD, this isn't the first veteran to leave the company in recent months, with its CPU architect Jim Keller leaving the company last month.


Keller was responsible for its future Zen architecture, which will be unveiled next year.

Apple could pay $862 million fine in patent infringement case

By: Derek Strickland | More News: Business, Financial & Legal | Posted: Oct 14, 2015 8:13 pm

It's no surprise to see huge tech companies follow competitor's methodologies quite closely or even go so far as to "borrow" ideas and patents. But it looks like Apple has outright infringed on technology owned by the University of Wisconson for the A-series CPU chips in modern iDevices, and will face a substantial fine.




Cupertino-based tech giant Apple may have to shell out a whopping $862 million in damages after a jury ruled Apple infringed on a patent owned by the Wisconsin Alumni Research Foundation. The patent, which was filed all the way back in 1998, is specifically used to boost processor efficiency. Apple used this process to optimize a slew of chips including the A7, A8 and A8X CPUs found in devices like the iPhone 5S, iPhone 6, iPhone 6S Plus and iPad models like the iPad Air and iPad Mini.


The jury has ruled that the patent is indeed valid and is currently working out how much in damages Apple will pay to the university. The global company argues that it didn't infringe on the patent and that the patent itself isn't valid, and even tried to convince the United States Patent and Trademark Office to re-evaluate the patent in question. As decreed by U.S. District Judge William Conley, the preceedings will move forward in three parts--liability, damages, and determining whether Apple willfully violated the patent, where it could face even more severe fines.

Continue reading 'Apple could pay $862 million fine in patent infringement case' (full post)

Tesla says two journalists attacked security guards at its Gigafactory

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 14, 2015 11:32 am

According to Tesla, two journalists from Reno Gazette-Journal broke into their elusive Gigafactory facility, and attacked the Tesla staff that caught them in the act.




The journalists refused to stay put when they were found, where they then used their Jeep to RAM two private security guards on patrol responded to the break in. The driver was charged with assault, but both of the journalists are at fault here. Tesla has said that there have been a number of "repeated" intrusions, but this is the first that ended in violence.


The story gets weirder though, with the Reno Gazette-Journal reporting that a "rock had been used to shatter the driver's-side window and the driver's-side seat belt had been cut in half", but Storey County Sheriff Gerald Antinoro said he couldn't confirm how that damaged occurred.

London police finally halt round-the-clock watch on Julian Assange

By: Derek Strickland | More News: Business, Financial & Legal | Posted: Oct 12, 2015 3:47 pm

After spending 9 million GBP on three years' worth of constant guard, the London Metro Police have finally stepped away from their 24/7 surveillance over the Ecuadoarian embassy that houses Julian Assange.




For the past three years now the London Metropolitan Police Service has stood like sentinals outside of the Ecuadorian embassy in round-the-clock guard posts. The world watched on as the controversial figurehead Julian Assange faced his opressors through the safe harbor of the embassy. The polic guard have strict orders to arrest the WikiLeaks co-founder Julian Assange on sight if he should step outside of the safe harbor of the embassy, but for the past three years, Assange has stayed safely ensconced in the building like a hostage.


This endeavor has cost nearly 10 million GBP across three years time, and now the police force has finally called it quits. "Whilst the MPS remains committed to executing the arrest warrant and presenting Julian Assange before the court, it is only right that the policing operation to achieve this is continually reviewed against the diplomatic and legal efforts to resolve the situation," reads an official announcement from the London Metro Police. "As a result of this continual review the MPS has today Monday, 12 October withdrawn the physical presence of officers from outside the Embassy."

Continue reading 'London police finally halt round-the-clock watch on Julian Assange' (full post)

Dell buys IT firm EMC for $67 billion in largest tech deal in history

By: Derek Strickland | More News: Business, Financial & Legal | Posted: Oct 12, 2015 12:55 pm

Dell has just completed the single most substantial acquisition in the history of technology, paying a whopping $67 billion for EMC Corporation, one of the biggest names in data management.




Bringing EMC into the fold is extremely advantageous for Dell, who plans to bolster its data computing sector with EMC's valuable expertise in services like cloud management, enterprise-grade backup, recovery and archiving, and data virtualization. EMC powers a huge portion of the world's business data management, with companies across the globe utilizing its wide array of services to encrypt, analyze and interpret massive data streams across a wide variety of platforms.


"The combination of Dell and EMC creates an enterprise solutions powerhouse bringing our customers industry leading innovation across their entire technology environment. Our new company will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security," said Michael Dell. "Our investments in R&D and innovation along with our privately-controlled structure will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes. I am incredibly excited to partner with the EMC, VMware, Pivotal, VCE, RSA and Virtustream teams and am personally committed to the success of our new company, our customers and partners."

Continue reading 'Dell buys IT firm EMC for $67 billion in largest tech deal in history' (full post)

Minecraft streamer buys $4.5 million house down the road from Notch

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 11, 2015 5:33 am

Just how successful are some YouTubers? Well, YouTube personality Jordan "CaptainSparklez" Maron mostly plays Minecraft, just spent $4.5 million on a new mansion in the Hollywood Hills. His new mansion is just down the road from the massive house that the creator of Minecraft, Markus "Notch" Persson, purchased recently.




CaptainSparklez has over 8.8 million subscribers, and has a decent amount of subscribers on Twitch too, with over 1.2 million. Maron has over 1.9 billion views on YouTube, which has provided him with the bank account to dump down $4.5 million on a new house. Not too bad for playing games, hey, Mom?

Twitter reportedly planning layoffs that could start on October 13

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 11, 2015 1:47 am

Now that Jack Dorsey is back in the CEO throne of Twitter, rumor has it there will be layoff announcements coming on October 13, according to sources of both The New York Times and Recode.




Recode is reporting that this is an attempt by the social network to better organize their engineering team, which has become "bloated". Previous rumors stated that Twitter had stopped plans of its San Francisco HQ expansion, but Dorsey wants to save more money, so we're to expect layoffs very soon.


Twitter is of course not talking about these rumors, but insiders say that Twitter's programming team is much bigger than the company should have, given its growth. The social network has doubled its staff in the last two years, but it has only added 50% more users to Twitter. We should hear more, and be able to confirm these rumors, on October 13.

Elon Musk refers to Apple as 'Tesla's graveyard'

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Oct 10, 2015 3:39 am

There have been a number of employees that have reportedly been poached from Tesla Motors by Apple to work on their rumored electric car project, but Tesla founder Elon Musk has had a few choice words to throw into the mix.




When talking with German newspaper Handselsblatt, Musk was questioned over the key members that Apple had secured, with Musk saying: "Important engineers? They have hired people we've fired. We always jokingly call Apple the 'Tesla Graveyard.' If you don't make it at Tesla, you go work at Apple. I'm not kidding".


It's quite the statement, with Musk continuing his laugh at Apple when he was asked if he saw the iMaker as a serious competitor to its electric vehicles, where he said: "Did you ever take a look at the Apple Watch". He added: "No, seriously: it's good that Apple is moving and investing in this direction. But cars are very complex compared to phones or smartwatches. You can't just go to a supplier like Foxconn and say: 'Build me a car.' But for Apple, the car is the next logical thing to finally offer a significant innovation. A new pencil or a bigger iPad alone were not relevant enough".

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