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Business, Financial & Legal Posts - Page 63

Are Sony preparing to sell the film rights to Spider-Man and Resident Evil to help their financial position?

Sony are in a bad position right now, but now there are rumors floating around that the Japanese company are thinking about selling the films rights to Spider-Man and Resident Evil. The news comes from The Register who says:

 

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Chief exec Kazuo Hirai told reporters from the Financial Times, Reuters and others that the company's board was discussing the plan to sell a portion of its entertainment biz, suggested last week by the firm's largest investor, Loeb's Third Point hedge fund. [Activist investor Daniel] Loeb said he wants the ailing Japanese firm to spin off 15 to 20 per cent of its film and music division in a public offering to raise money for its electronics and turn the entertainment business into a separately listed firm. The fund manager's suggestions carry new weight after revealing that he had increased Third Point's stake in Sony to $1.1bn.

 

It does get a little hot after, with Sony Pictures' boss, Amy Pascal, talking to Ain't It Cool News saying that none of this is actually true:

 

Amy said that she would 'Never ever ever' let go of SPIDER-MAN. She feels the property is directly tied to her legacy and time at SONY. Not just that, she is really thrilled by the work on the new film.

Continue reading 'Are Sony preparing to sell the film rights to Spider-Man and Resident Evil to help their financial position?' (full post)

Apple says the Samsung Galaxy S4 and Google Now violate 5 patents

Apple just won't give up its fight with Samsung. Today, Apple filed a motion to include the Galaxy S4 in the latest legal battle because it allegedly violates five of Apple's patents. Two of the patents specifically relate to Google Now, which Apple says violates two patents held for Siri and its related technology.

 

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Also included in the motion are three patents that cover various functions of the Galaxy S4. Patent '502 covers a "graphical user interface using historical lists with field classes." Patent '647 covers a "system and method for performing an action on a structure in computer-generated data." Finally, patent '414 covers "asynchronous data synchronization amongst devices."

 

Apple determined that the Galaxy S4 product practices many of the same claims already asserted by Apple, and that the Galaxy S4 practices those claims in the same way as the already-accused Samsung devices.

 

Apple has said that they will remove one of the 22 other devices currently covered in the latest lawsuit if the court permits them to add the Galaxy S4. This trial is set to happen during March 2014, though a hearing for Apple's latest motion is set for June 25, 2013.


Apple will manufacture its US-built Mac computers in Texas, says CEO Tim Cook

On Tuesday, Apple CEO Tim Cook made an appearance in front of Congress to defend the company's recent tax dodging accusations, but not all of the conversation was about taxes. Cook told the Senate Permanent Subcommittee on Investigations that Apple will be manufacturing it's US made Mac in Texas.

 

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"We're investing $100 million to build a Mac product line here in the U.S. The product will be assembled in Texas, include components made in Illinois and Florida, and rely on equipment produced in Kentucky and Michigan."

 

While this is good news, not all is as shiny as it appears. Apple will not be building any in-house manufacturing facilities, but will rely on existing manufacturers who have existing plants in the area. While nothing is official, as AllThingsD pointed out, China based Foxconn does own and operate several manufacturing facilities in Texas.

HTC's Chief Product Officer has left the company according to reports

HTC have been in trouble for a while now, but The Verge has learned that the company's Chief Product Officer, Kouji Kodera, has left the company. Kodera reportedly left last week, and up until his departure he was responsible for HTC's overall product strategy.

 

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Considering HTC just launched their very important One smartphone, this is some very had timing. Kodera isn't the only HTC employee to jump ship, with HTC's Vice President of Global Communications, Jason Gordon, leaving too. Not only that, but Rebecca Rowland who was the Global Retail Marketing Manager, Director of Digital Marketing John Starkweather and Product Strategy Manager Eric Lin.

 

Also remember what HTC's co-founder and CEO, Peter Chou, said last year? Chou said that if the One isn't a huge success, he would step down as CEO. Are we getting closer to the point where HTC will go into the fetal position and cry? It seems like the time that Chou will step down is getting closer with each passing day, and sale of the Galaxy S4.

Intel appoints Mike Bell to lead their newly-opened emergent technology and product trend group

Intel have just appointed Mike Bell in charge of their new emergent technology and product trend group, which will include ultra-mobile devices. This new division, according to Intel will be "tasked with turning cool technology and business model innovations into products that shape and lead markets".

 

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Before Bell took on the lead of the new group, he previously let the chipmaker's mobile chip business. Before joining Intel, Bell spent 16 years with Apple, where he actually had a hand in the early work on the iPhone. This new move is part of Intel's internal reorganization by fresh CEO Brian Krzanich.

Sony stock sees a surge after the Xbox One was unveiled

Just under twelve hours ago now, Microsoft unveiled their next-generation console, the Xbox One. Funnily enough, at the same time, Sony saw their stock prices lift by a decent margin, from $20.94 to $22.55 when Microsoft started the Xbox One event.

 

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Microsoft's stock price didn't shift all that much during or after the event, simply moving from $34.99 to $35.02. It seems as though I wasn't the only one that wasn't blown away by the Microsoft Xbox One, so could this be the start of something interesting for Sony?

Apple escaped $44 billion in taxes according to Senate investigators

Apple are in the news once more, with Senate investigators accusing the iPhone maker of piecing together a complicated system to hide billions of dollars in international profits from both US and foreign tax collectors.

 

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What puts Apple in hot water is a report that has been released ahead of Apple CEO Tim Cook's inaugural Capitol Hill appearance on Tuesday, which alleges that Apple took advantage of numerous US tax loopholes and avoided taxes of up to $44 billion in offshore, taxable income between 2009 and 2012 - something that Apple rejects completely. The Senate investigation also charges, for the first time, that Apple's established foreign entities don't have tax-resident status there, or anywhere else.

 

Apple conducts most of their international business in the European country in order to use the lower tax rates, according to the congressional report. The Senate have said that Apple's tax conduct isn't exactly legal, but they aren't looking at the situation with compassion, pressing against Apple for their tax avoiding tactics.

Continue reading 'Apple escaped $44 billion in taxes according to Senate investigators' (full post)

AMD acquires NVIDIA's Technical Marketing Manager

AMD continue their roll, acquiring Sean Pelletier from NVIDIA, who leaves his post as NVIDIA's Senior Technical Marketing Manager. Pelletier will join AMD in a position similar to the one he left NVIDIA for, where he will initially focus on GPU's.

 

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With AMD acquiring lots of talent over the last year or so, they truly are going to be a company to be reckoned with in a couple of years time. The staff acquisitions won't be apparent to consumers right away, but we should see the fruits of their labor over the coming year or so. The future is looking bright for AMD!

ReportTT: Yahoo's Board approves Tumblr acquisition for $1.1 billion

Yahoo's Board of Directors has reportedly approved a $1.1 billion acquisition of the blogging site Tumblr. News broke on Friday that Yahoo was considering picking up the blogging site that has slowly been gaining popularity among Internet users.

 

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The deal is expected to be announced tomorrow at the press conference that Yahoo hastily scheduled on Friday. Tumblr CEO David Karp will reportedly remain with Yahoo for a minimum of four years and he is said to be retaining a lot of control over the blogging service, much like Instagram's CEO did when acquired by Facebook.

 

If Yahoo does announce this deal tomorrow, we'll let you know.

Xbox 360 sales on top for 28 consecutive months

Microsoft's Xbox 360 continues to be the number one selling console...for 28 consecutive months! According to data from The NPD Group, as reported by Microsoft, April marked the 28th consecutive month that the Xbox 360 topped the console sales chart selling around 130,000 units in April.

 

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130,000 sales accounts for 42 percent of current-generation console sales. A total of $208 million was spent on Xbox and Xbox-related items (software and accessories) in just the month of April. It will be interesting to see if the Xbox 360 remains on top until the next-gen PlayStation and Xbox are released later this year.

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