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Business, Financial & Legal Posts - Page 54

ReportTT: Dell set to lay off 15,000 employees this week

Dell appears to be kicking its restructuring plan into high-gear if a new report from The Register is correct. The report states that as many as 1500 employees from the PC manufacturing and sales giant could be laid of before the week's end. The layoffs come as Dell settles down into private ownership again, and looks to return larger profits in a failing PC marketplace.

 

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The report goes on to say that the staff reductions will take place company wide in all global markets, and that this lay-off round will affect 15-percent of the company's workforce. Those laid off in US-based facilities of the company will receive a severance package that consist of two months salary as well as an extra week's pay per year of service to the company. Additionally, those laid off will receive a 75-percent bonus, COBRA health insurance for 18-months, and outplacement services. No word was given on what those from countries outside of the us may receive.

Lenovo rumored to take over Sony VAIO PC business

Lenovo only just whipped out its card to buy Motorola Mobility from Google for $2.91 billion last week, but now the Chinese giant is reportedly in talks with Sony about a possible joint venture to take over Sony's struggling VAIO PC business.

 

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Japanese broadcaster NHK is behind the juicy news, with Sony saying in a statement: "Sony continues to address various options for the PC business, but the press report on a possible PC business alliance between Sony and Lenovo is inaccurate". Sony says it has plans to revamp its VAIO line of devices, which has been slammed by the smartphone and tablet business.

 

But with Lenovo earning around 80% of its revenue from PCs, this rumor could turn out to be a very interesting one going into 2014.

GTA Online class-action lawsuit has been dismissed

The US District Court in California dismissed the class-action lawsuit that was filed against Rockstar Games and Take-Two, reports Game Politics.

 

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The class-action lawsuit had its plaintiffs arguing that Rockstar and Take-Two failed to deliver the full, promised Grand Theft Auto V experience into GTA Online. The lawsuit claimed that the state of GTA V at launch was "unlawful," "unfair" and "fraudulent" of Rockstar and Take-Two. Judge Virginia A. Phillips disagreed, pointing out the fact that there's no indication of the online side of GTA V stating it would be available "immediately".

 

Considering GTA V has sold over $1 billion worth of digital mayhem, it's a quick swift decision to have the class-action lawsuit dismissed.

Amazon posts massive sales for Q4 2013, but sees tiny profits

Amazon has revealed its Q4 2013 earnings, with a huge $25.59 billion in sales, which is up 20% compared to the same three-month period in 2012. The US retail giant posted just $510 million of that $25.59 billion in sales as operating income, which is up 26% year-over-year. As for its net income for the quarter, it saw $239 million.

 

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The company is also reporting a record-setting holiday season for its Amazon Prime shipping service, which the company says it now has "tens of millions of members".

Motorola reports $384 million operating loss for Q4 2013

Motorola is free from Google now, sliding into the warm embrace that is Lenovo, but for its last quarter under the search giant, Motorola reported $1.24 billion in revenues, ending in a operating loss of $384 million.

 

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Comparing its results to last year, revenues are down $270 million, and it lost $232 million more this year, compared to 2012. When Motorola came over to Google, it had over 20,000 employees - today, that number is just 3,894.

Google announces its Q4 2013 earnings, $16.86 billion in revenue

Google has released both its Q4 2013 and full year 2013 financial results, with the Mountain View-based search giant seeing increases in both revenue, and income.

 

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For Q4 2013, Google saw revenues of $16.86 billion, up 17% year-over-year. Operating income for the three-month period was $3.92 billion, or 23% of its total revenues. Net income reached $3.38 billion, up from $2.89 billion from the same time last year. Google owned-site revenue was up 22% year-over-year to $10.55 billion, representing 67% of Google's total revenues.

 

Paid clicks were up around 31% for the quarter, with an 11% year-over-year decrease on cost-per-click. Motorola Mobility, which Google just sold to Lenovo for $2.91 billion, saw a $384 million operating loss for Q4 2013.

ReportTT: Microsoft could name new CEO as early as next week

Its only been about half a year since Microsoft's, Steve Ballmer, announced his retirement, and today it appears that the search for a new CEO may be coming to a close. In the beginning names such as Stephen Elop from Nokia, Alan Mulally from Ford and even Marissa Mayer from Yahoo were on the short list, but if a new report from VentureBeat is correct, none of those candidates made the final cut.

 

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VentureBeat is reporting that just 160 days after Ballmer announced his exit plan, that Microsoft could announce his successor as early as next week. The report goes on to state that it appears that Microsoft is keeping the position in the family and that its current executive VP of cloud and enterprise business, Satya Nadella, has been chosen for the top seat. Nadella has been with Microsoft for the past 20 years and has served many roles at the company, making him familiar with the company's inner workings, goals and ambitions. The report says that Stephen Elop and Tony Bates are both still in the running as well, but it appears that the odds are in Nadella's favor this time.

Facebook's stock skyrockets after financial and Paper announcements

This morning, Facebook's stock opened at a whopping $62.10 per share which is an increase of more than 16-percent from its closing price on Wednesday. Today also marks the first time the stock has risen above $60 since it went public two years ago. Analyst are attributing the large jump in growing investor confidence after Facebook released a strong financial report for the fourth quarter of 2013.

 

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Facebook reported yesterday that it had almost doubled ad revenue year-over-year to the tune of $2.34 billion, an increase of 76-percent from 2012. Facebook said that its mobile ads campaign now makes up more than 53-percent of its revenue, and with today's launch of Paper, a new app for iOS, investors continued to pour cash into the social networking giant. At the time of this writing, Facebook's stock is hovering around the $62 mark and is expected to rise slightly over the course of the day.

Continue reading 'Facebook's stock skyrockets after financial and Paper announcements' (full post)

Apple could be fined over blocking LTE on the iPhone in Belguim

ZDNet is reporting that Apple has been blocking 4G networks to certain carriers around the world, with the Cupertino-based giant now looking at possible fines for LTE blocking in Belguim.

 

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The Council of Ministers has ruled that no mobile phone maker can block 4G access for any carriers. Apple has a preferred partner relationship with Mobistar in the region, with Mobistar being the only officially certified by Apple to sell the iPhone. Mobistar doesn't have operational 4G network for consumers yet, but its competitors Proximus and Base do, but they are now officially certified by Apple.

 

Base's Corporate Affairs Manager, Coralie Miserque, wrote in a blog last November: "It was a true obstacle course; after months and months of (fruitless) attempts to approach Apple, Base finally received a typical Apple answer that the certification process was pending and would require some time. But how much time, the company refused to specify. It seems that Apple continues to protect its preferred partner in Belgium and refuses to certify its two competitors or at least is delaying the process until Mobistar has deployed its own 4G network. And this is not an exception, in other countries, Apple often grants its preferred partners 4G access months before anyone else".

Continue reading 'Apple could be fined over blocking LTE on the iPhone in Belguim' (full post)

Apple awarded solar-powered MacBook patent

Apple was awarded quite the patent on Tuesday, that might end up with consumers seeing a solar-powered MacBook being announced sometime in the future. The concept's original patent filing took place in 2010, so we might not even see this technology used by Apple in the coming years.

 

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The patent described multiple formats which could be used, with a laptop being powered by direct sunlight. All versions did share the same core concept, that the display and functional features on both sides, were labeled as "electronic device display module". Currently displays baked into laptops have a screen on one side, and a non-functional lid surface on the other - which is for protection purposes.

 

Apple's new patent would see the back of its MacBook screen turned into a very special part of the device. The main concept involves a multifunctional outer surface for the laptop, which would feature photovoltaic cells, that would let the computer run indefinitely, as long as it was in sunlight.

Continue reading 'Apple awarded solar-powered MacBook patent' (full post)

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