Dustin Moskovitz, co-founder of social networking site, Facebook, is still dumping shares of the company. Moskovitz disclosed on August 24 that he had sold 900,000 shares of the social network over six business days following the "lockup" of stock that was awarded to him during the IPO.
He is continuing to dump shares, and has gotten rid of another 450,000 shares at a rate of 150,000 per day from Monday to Wednesday of this week, according to filings with the Securities and Exchange Commission (SEC).
Even though Moskovitz has dumped over one million shares in Facebook, he still owns more than 130 million shares in the company.
Wondering how much Apple and Samsung paid in attorney fees for the trial? Well, we don't have those numbers, but we do have a breakdown of what some of their lawyers bill and an idea of how long they had to work for different things. Apple's lawyers spent a total of 232 hours working on just one motion for sanctions against Samsung.
The bill for those hours? $116,668.50. Not bad, eh? Sounds like some of us need a change in career. And when it's all said and done, all of that money could come directly from Samsung, as often the other party is liable for attorney's fees in a lawsuit. That's minuscule when compared to the $1+ billion in damages, but only accounts for one motion. The entire trial was likely much, much more expensive.
Samsung, to not be outdone by Apple, has released information about its expenditures for three separate motions. The total, $258,200.50, is higher than Apple's, but was for three motions instead of one. Incredibly, one of Samsung's lawyers charges over $1,000 ($1,035, to be exact), which is more than a third more than Apple's highest paid lawyer.
I think Samsung might need new legal counsel.
Of course, the actual trial consisted of months of legal discovery and three weeks of trial time, so the total bills are much, much higher. It's likely we may never see the total tab, but it's easily in the millions.
Research company iSuppli has some interesting data on Samsung's tablet cost and price that shows just how much profit they are making off of us. And likely, that profit will go to pay Apple after their recent victory over the Korean giant. In other words, we will be paying Apple for Samsung losing in court.
Apple is the king of making 50 percent profits, but apparently Samsung, who, according to the courts, "learned" from the best, is not too far behind. On the Galaxy Note 10.1, their profit margin is 54 percent which is just incredible. Profit margins like this really only occur in the technology sector, and even then, it's somewhat rare.
On the Galaxy Note 10.1 Wi-Fi, the profit margin is a bit lower, sitting at only 48 percent. Even still, it begs the question, how much profit should they ethically be making? They could be providing us these devices for cheaper and still turning a profit, so why aren't they?
Hon Hai, otherwise known as Foxconn, are reportedly close to inking a deal with Sharp, where they would make a $1 billion investment in Sharp's Sakai, Japan-based LCD plant. The move would see Foxconn gain a 9.9% stake in Sharp.
C.C. Lin, an official for Hon Hai, talked of the deal earlier this week, suggesting that Hon Hai are considering scooping up Sharp's TV assembly factories in China and Mexico. In regards to the Japanese factory, that deal could be announced any day now.
Lin has hinted that the outcome of the talks hangs on just how much input Sharp would be willing to take on increasing profits. More hints were given that if the deal is inked, it could lower Sharp's component prices. Sharp provides LCD displays for the iPhone and iPad, but would be a much closer partner if this deal is reached. This also gives more credit to the rumors of an Apple TV, and with Sharp's AQUOS range of TVs being of a very high quality, this would investment would make logical sense.
Things are really heating up in the Samsung vs. Apple patent lawsuits, where last week we saw Samsung slapped with a $1 billion-plus fine, as well as many of their Galaxy-branded devices removed from US retail shelves. But, and this is a big but, Samsung are waiting in the shadows, with some serious firepower.
The Korea Times is reporting that Samsung have "confirmed that it will immediately sue Apple if the latter releases products using advanced long-term evolution (LTE) mobile technology". IP research firm iRunway, earlier this year found that Samsung fully owns 10% of all LTE patents issued so far, meaning that they are definitely putting their money where their mouth is.
Now, Apple would be a bit stupid, and far behind the times to release a next-generation iPhone without LTE, so this is going to get very, very interesting. If they release the new iPhone with 3G only, we'd be looking at waiting nearly an entire year before they release another phone, which would still not include 4G. Apple don't have many moves to make here. Another thing to consider is that the Cupertino-based company already has their iPad with 4G capabilities, have Samsung been waiting for the new iPhone before they pounce?
LulzSec, a hacktivist group similar to Anonymous, has seen members getting arrested after the leader of the group started helping the FBI. The latest arrest is of Ronaldo Rivera (20), a hacker from Tempe, Arizona. He faces up to 15 years in prison if he is convicted on charges of conspiracy and unauthorized impairment of protected computers.
Rivera is said to have worked with Cody Kretsinger (24) in hacking Sony Picture's computers. During the hack in 2011, they obtained more than 1,000,000 users' personal information including passwords, email addresses, home addresses, and dates of birth. The hacking was announced and credit taken by LulzSec through a posting on Pastebin:
We recently broke into SonyPictures.com and compromised over 1,000,000 users' personal information, including passwords, email addresses, home addresses, dates of birth, and all Sony opt-in data associated with their accounts...What's worse is that every bit of data we took wasn't encrypted. Sony stored over 1,000,000 passwords of its customers in plaintext.
Curiously, the hacktivist group said the hacking cost them more than $600,000. It's not clear what that money was used for. Sony Pictures has not revealed how much the hacking has cost them, but the hacking of Sony's PlayStation Network was estimated by the company to cost $170 million to fix. It seems people can no longer hide on the Internet.
Sources close to the CEOs of Apple and Google have said that the two executives had a phone conversation last week, during which they discussed patent issues. It's not clear which patents they were discussing, and the only agreement they appear to have come to is to continue talking as they scheduled a phone call for Friday. That call has now been rescheduled for unknown reasons.
There's a couple of different possibilities of what Larry Page and Tim Cook are discussing. They may be making a truce on some of the basic features seen in both Android and iOS, according to one source. Less clear is if they are discussing a settlement of many of the issues the two companies have which each other, or if they are more focused on a subset.
Of course, Apple and Google both declined to comment. In recent months, Apple has lessened its reliance on Google's products, even going so far as to create their own mapping application and stop including the YouTube app with iOS. Recently, Motorola, now a subsidiary of Google, filed a with U.S. International Trade Commission alleging that Apple was infringing on its patents.
Why can't we all just get along?
I'm sure most users have heard about the alleged eBook pricing that several publishers were involved in. Three of the major publishers that were accused of price fixing have agreed to settle with 54 District Attorneys across the United Sates. They announced the settlement in which Hachette Book Group, HarperCollins Publishers, and Simon & Schuster have agreed to pay $69 million over the alleged eBook price inflation.
"While publishers are entitled to their profits, consumers are equally entitled to a fair and open marketplace," Attorney General Jepsen said today in a statement. "This settlement will provide restitution to those customers who were harmed by this price-fixing scheme, but it also will restore competition in the eBook market for consumers' long-term benefit."
Apple has, of course, refused to to settle. Macmillan and Penguin have also declined to settle. Steve jobs could be the root cause of bringing attention to the issue when he told his biographer about offering them the agency model, which came with higher prices.
"We told the publishers, 'We'll go to the agency model, where you set the price, and we get our 30%, and yes, the customer pays a little more, but that's what you want anyway," Jobs told his biographer. "They went to Amazon and said, 'You're going to sign an agency contract or we're not going to give you the books.'"
The $69 million will be used to pay reparations to those who were affected by the the price fixing.
Seagate have enjoyed six month as the number one spot on the global HDD segment, only as Western Digital were still recovering from the floods in Thailand. But their time as number one has stopped, as Western Digital have recovered in Q2, according to an IHS iSuppli Storage Space Market Brief from information and analytics provider, IHS.
WD, including production from their acquired Hitachi GST, produced approximately 71 million HDDs in Q2, with revenues for WD reaching $4.8 billion, a new company record. Comparing this to Seagate, who shipped 65.9 million units in the same period, saw revenues of $4.5 billion, which was also a record for Seagate.
Total HDD shipments for Q2 reached 157 million units, up 8% from 145.1 million in Q1. WD took a 45% share of the shipments, Seagate were second with 42% and Toshiba wasn't entirely left out of the game taking the remaning 13%. Total HDD revenues for Q2 were $10.3 billion, up from $9.6 billion in Q1.
Google have previously taken out a patent that would see the Mountain View-based company capable of identifying faces in YouTube videos, but now they've gone a step further by securing a patent that would detect objects in a video.
The objects can be anything from a pole, to a sidewalk, or a car, or even a building. Google, instead of asking the creator to label objects each time, proposes using a database of "feature vectors" that would include color, movement, shape and texture, which would automatically identify subjects in the frame using these trait.
The tagging of items in videos would mostly be completed by those uploading videos to YouTube, so Google wouldn't even have to do that much work. After a while, there should be enough data in their database to keep things going very well.
A report from Asia has come in quoting HTC as saying they are ready to fight Apple should they become Apple's next target. Furthermore, HTC has said that they have no intention of settling with the litigious Apple. All of this has come out after the $1 billion decision against Samsung and somewhat against Android.
However, HTC says that the verdict against Samsung "does not mean the failure of the entire Google Android ecosystem." So, what's HTC's plan? HTC "has great skills in innovation and has the confidence to face legal lawsuits with Apple," the Digitimes report says, attributing those comments to Wang.
HTC has a couple of new phones coming out soon, so we'll see if they look anything like the iPhone. And if they do, we'll get prepared for another legal battle of epic proportions.
It was only a matter of time, and with Apple not slowing down with their growing list of patent targets, Google are now looking to attack the iPhone maker, reports AndroidPIT. Apple are currently looking to ban as many Android-based products as possible, with lawsuits against Samsung, HTC and Motorola, and that's just recently.
Google only recently acquired Motorola, and will now defend their acquisition against Apple. The Mountain View-based company are now seeking a sales ban on not just the iPhone, but the iPad and Mac computers across the United States. Google have pledged support for Android device makers in the past, but this is different, this is now Google, telling Apple, this is it, we've had enough, back down or feel the wrath of Google.
Apple's lawsuit against Samsung that was victorious earlier this week targeted relatively small things, like rectangles and other shape-related patent infringements. Google aren't being so petty, and are claiming patent infringement for non-standard essential patents. This means that Google and their recently acquired Motorola, have filed a case for a patent that courts cannot legally force companies to license, meaning that if Google win this case, Apple could be forced to completely halt the use of this technology in their devices.
Apple may have initially won the court case, but it's not over yet. Samsung have said on Tuesday that they are willing to modify their smartphones if they can't successfully fight the Cupertino-based company's request to have them banned across the US.
Apple made an initial request to ban eight of the South Korean company's smartphones, including one of the most popular, the Galaxy S II. Samsung does plan to fight the request, and would be willing to modify the devices to avoid the ban. How could they do this exactly? Removing their TouchWiz UI and replacing it with the stock Android ROM, be it Android 4.0 Ice Cream Sandwich, or Android 4.1 Jelly Bean would do the trick.
Users have been begging smartphone makers to release stock Android ROMs, and it looks like this time is upon us. If Samsung were to begin offering flagship devices with stock Google Android OS's, things could get very interesting, very fast. Could Apple have inadvertently started a new, wonderful trend of smartphone makers pushing devices out with stock, or at least close to stock, Android operating systems?
If so, thank you, Apple.
Apple patent gets approved, would see your iPhone get neutered in a theater - no more texting during a movie
The United States Patent and Trademark Office have awarded Apple with a new patent, which would enforce policies when your wireless device is detected in a certain location. An example of the patent's use would be in a movie theater.
This new tech would detect your iPhone, and automatically set it to silent and disable its display as soon as you enter a movie theater. So, at first glance, the patent looks, and sounds like a good idea, but is it really such a good idea?
What if you were in a movie theater, and an emergency at home were to happen? Your phone wouldn't display the call, as its display is off. What if an emergency from within the theater was to happen, and you had to call for help? The recent "Batman shooting" in Aurora, Colorado is a good example of why this technology can be a bad idea.
AMD has hired a new Chief Graphics Product Architect for the Graphics Business Unit. This means that the visionary behind Gustafson's Law will be working on the AMD Radeon and AMD FirePro line of products. With fresh blood comes fresh ideas, so here's to hoping he can come up with something that really pushes graphics technology forward.
"Our industry-leading graphics technology predicates that we consistently deliver the most differentiated and superior graphics processor unit (GPU) architectures and products -- without compromise," said Matt Skynner, corporate vice president and general manager, AMD Graphics. "With the growing importance of parallel compute in defining the computing experience, John brings the full package of industry experience and knowledge needed to help us expand and execute our AMD Radeon and AMD FirePro graphics technology programs, and will help forge an aggressive long-term roadmap that allows AMD to continue to lead and win with our gaming and virtualization technologies."
John Gustafson's resume is impressive and he will surely be an asset to the company. He joins AMD from Intel, where he "headed the company's eXtreme Technologies Lab, conducting cutting-edge research on energy-efficient computing and memory, as well as optical, energy and storage technologies."
The FCC has issued a statement today saying they are forming a group to study the use of portable electronic devices (PEDs) on aircraft. The current policy is quite cumbersome and requires lots of time and effort to get a device authorized for use during flight. The FCC recognizes this is an issue of consumer interest and this is the reason they have formed the group.
"With so many different types of devices available, we recognize that this is an issue of consumer interest," said Transportation Secretary Ray LaHood. "Safety is our highest priority, and we must set appropriate standards as we help the industry consider when passengers can use the latest technologies safely during a flight."
The group will examine the methods used for certification along with a variety of other issues and then present the findings to the FCC. Unfortunately, they will not be investigating the use of cell phones for voice communications. A reason for this was not provided and it seems like a massive miss on the group's priority list.
"We're looking for information to help air carriers and operators decide if they can allow more widespread use of electronic devices in today's aircraft," said Acting FAA Administrator Michael Huerta. "We also want solid safety data to make sure tomorrow's aircraft designs are protected from interference."
Apple shares reach yet another all-time high, riding on the success of their patent win against Samsung
Riding on the wave of their success in the court room versus Samsung and their patent case, Apple shares have reached yet another high. Shares in the iPhone maker closed on Friday afternoon at an all-time high at $663.22.
The shares spiked a tad higher at $680.87 in early trading on Monday, a new, new record high. At $680.87, this pushes Apple's market cap at another record-breaker of $638.3 billion. That's $638, 300,000,000 for those who like to see those glorious zeroes.
Store shelves could soon be bare of Samsung products, if Judge Koh accepts Apple's preliminary injunction request. We knew that Apple would go after sales bans after winning by so much over Samsung, we just didn't know which products. Now, Apple has filed with the court listing the models that they would like banned.
Apple is going after the eight devices listed in the chart above. Why wouldn't they go after all 24 of them? Well, a large majority of them are no longer being sold and Judge Koh doesn't like having her time wasted, as Apple and Samsung found out, so they've narrowed the list down to a more reasonable amount.
The devices included in the list are the Galaxy S 4G, the Galaxy S II ATT, the Galaxy S II Skyrocket, the Galaxy S II T-Mobile, the Galaxy S II Epic 4G, the Galaxy S Showcase, the Droid Charge, and the Galaxy Prevail.
I really find it interesting that the Galaxy S II Epic 4G was found to be infringing. It's the phone I personally own and use and it looks nothing like the iPhone, at all. It will be interesting if Samsung can manage to get the jury's verdict overturned by Judge Koh or by an appeals court.
Not only was Samsung smacked with a $1 billion dollar verdict, they have now been smacked by investors to the tune of $12 billion. Apple, on the other hand, is trading up after the decisive victory over the Korean electronics giant. This shedding of shares by investors has lowered Samsung's value to its lowest point since October 2008.
Kawk Joong-bo, an analyst at Samsung Securities said "There was steady buying from foreign investors despite Samsung Group shares weighing in the wake of Samsung's legal loss." According to KitGuru, "Foreign investors bought $309 million in shares while institutional and retail investors sold 116.6 and 199.5 billion won respectively."
The stock hit didn't only affect Samsung, it also affected group companies that owned Samsung shares or Samsung's companies in the supply chain, such as Samsung Electro Mechanics Co which saw a 6.4 percent dip in stock value. Like I've said before, Apple's victory over Samsung is going to have far-reaching implications.
Apple may have won their patent case against Samsung, but it was simply the first punch. The second patent war is about to happen, and the Galaxy Tab 10.1 could be the key to Samsung's revival in the US.
The jury may have been anti-Samsung with its verdict, but they did agree on one thing against Apple, just a single patent. This one covered the design elements on the iPad. This put the jury at odds with the judge in the case, who two months ago sided with the Cupertino-based company over allegations of the Galaxy Tab 10.1 copying Apple's iPad design.
It was only late on Sunday that Samsung asked Judge Koh to dissolve the order, due to the jury's finding, where Samsung have said: "THere is thus no proper basis for maintaining the injunction". Koh does have the power to overrule the jury's decision, and find that Samsung did in fact infringe on Apple patents with their Galaxy Tab 10.1 device.
Waiting for the next Samsung smartphone or tablet? Well, you could be waiting just a bit longer than expected due to Apple's decisive win over Samsung on Friday. Since Samsung was found to be infringing on basically every single patent Apple asserted, Samsung will likely redesign phones and tablets that are currently in the works to avoid being sued again.
"The verdict is worse for Samsung than what many had anticipated, and it will have to change some products in its pipeline," Chang In Whan, president of Seoul-based KTB Asset Management Co., said. "There could be delays in developing and releasing new models, which together with a potential sales ban could weigh on corporate value."
However, a spokesman for Samsung has said that the verdict won't affect the current product launch schedule. Being forced to do things that are radically different from Apple could, in the end, wind up better for Samsung and the consumer market as a whole. If they have to reinvent the UI or physical design of the phone, they may come up with something far superior.
"Samsung has deep pockets and they are going to change some designs up," said Michael Risch, a patent law professor at Villanova University in Pennsylvania. "Not being able to copy may make them do better things than Apple."