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Business, Financial & Legal Posts - Page 8

Yahoo to start bidder search on Monday, reports claim

By: Chris Smith | More News: Business, Financial & Legal | Posted: Feb 22, 2016 2:31 pm

Bloomberg and ZDNet are telling us that Yahoo will start its look for bidders as soon as Monday, approaching companies and private equity firms alike.




This announcement as a whole isn't too surprising given that Yahoo has already publicly announced a committee to deal with this task, with a slew of companies already pinpointed for a possible buyout. Bloomberg thinks that some large names are keen on this purchase, including the likes of Verizon, Comcast, AT&T, Bain Capital Partners, KKR & Co and TPG.


Bids are expected to kick off later on in March this year, coming amidst Yahoo's plans to restructure and focus its operations.

Fandango acquires both Rotten Tomatoes and Flixster

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 19, 2016 3:25 am

Theatrical ticket provider Fandango has just acquired Rotten Tomatoes and Flixster, which were both owned by Warner Bros. Entertainment, for an undisclosed sum of money.




Warner Bros. has secured itself a minority ownership in Fandango, and will continue to serve as an ongoing strategic partner. Warner Bros. said that both Flixster and Rotten Tomatoes receive around 20 million unique hits per month, but with Fandango's magic and combined audience, it projects these numbers to grow to over 63 million per month. Fandango and Flixster's mobile apps have been downloaded over 100 million times, according to Warner Bros.


Fandango President Paul Yanover said that Rotten Tomatoes and Flixster were invaluable resources for movie fans, and they look forward to seeing their new acquisitions grow. The company wants to increase theatrical ticketing and super-serving consumers with all of their movie needs, with both sites continuing as consumer-facing brands. Fandango will however add its ticketing capabilities to the Flixster app in the coming months.

NVIDIA reports record quarterly revenue and record full-year revenue

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 18, 2016 6:29 am

NVIDIA has posted its earnings report for Q4 2015, smashing its previous records pulling in a huge $1.4 billion - 7% higher than the previous quarter of $1.3 billion. Full-year numbers were also impressive, with a record $5.01 billion - up 7% as well, from the previous year of $4.68 billion.




The company experienced growth in all market sectors, with Gaming, Professional Visualization, Datacenter and Automotive sectors all growing well. If we look back at 2015, it was a massive year for NVIDIA. The company launched its Maxwell-powered parts in late 2014, riding that wave throughout 2015. The company commanded 76% of the discrete GPU market in early 2015, and later in the year NVIDIA secured a huge 82% of the dGPU market.


Jen-Hsun Huang, co-founder and CEO of NVIDIA said: "We had another record quarter, capping a record year. Our strategy is to create specialized accelerated computing platforms for large growth markets that demand the 10x boost in performance we offer. Each platform leverages our focused investment in building the world's most advanced GPU technology".

Taiwan earthquake affects TSMC more than previously expected

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 16, 2016 4:50 am

The devastating 6.4-magnitude earthquake that struck Taiwan on February 6 is still having on-going affects to both the citizens of the country, and businesses - like Taiwan Semiconductor Manufacturing Company (TSMC).




TSMC said earlier this month that the earthquake would have an effect of less than 1% on their wafer shipments for Q1 2016, adding that 95% of its foundry machines would be restored to normal conditions within 2-3 days. Machines at Fab 6 and Fab 14B have been 100% restored, according to the company.


TSMC added that even though the earthquake has affected them, they are confident of reaching target consolidated revenues of $5.9 to $6 billion for Q1 2016. Let's hope that TSMC gets back to 100% operational capacity in the very near future.

Women are better coders than men, study says

By: Chris Smith | More News: Business, Financial & Legal | Posted: Feb 15, 2016 2:32 pm

Backed by the statement that "Women disproportionately make contributions that projects need more urgently," a study conducted by Cal Poly and the North Carolina State University concluded that women make better coders than men, as seen on Gizmodo.




This paper is reportedly still waiting for its peer review process so all statement may be taken with a grain of salt. However, the findings are still quite interesting. Utilizing the data taken from 4 million GitHub users, the researchers then narrowed it down to 1.4 million users (the ones they were able to figure out the gender of) and discovered that code by women is more likely to be utilised compared to male coding - showing a 78.6 percent pull request rating compared to the male figure of 74.6 percent.


Using this newfound data and further research which is linked in the full story, the paper concluded that "Women have a higher acceptance rate of pull requests overall, but when they're outsiders and their gender is identifiable, they have a lower acceptance rate than men," further stating "Our results suggest that although women on Github may be more competent overall, bias against them exists nonetheless."

Continue reading 'Women are better coders than men, study says' (full post)

Class-action suit filed against Apple over iPhone error 53

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Feb 13, 2016 9:01 am

Recently, iPhone users have been encountering error code 53, an issue prevents users from installing updates or just flat out bricks the device. It triggers when the TouchID buttons are damaged or replaced.




Consequently, a Seattle law firm has filed a class-action lawsuit in California against Apple, arguing the behaviour is "abusive" and that Apple failed to warn buyers of what could happen should the sensor be damaged or replaced. It goes on to claim over 62 million units have been affected. For now, class-action status hasn't yet been granted by a judge.

Continue reading 'Class-action suit filed against Apple over iPhone error 53' (full post)

Opera receives $1.2 billion bid from Chinese consortium

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 11, 2016 8:16 am

Would you think Opera is worth $1.2 billion, especially against browser giants like Google and Firefox? Well, a group of Chinese technology companies have offered Opera the huge cheque, a 53% premium over what it was trading at prior to the news.




The Norwegian-based company's board of directors very quickly unanimously recommended that its shareholders take the offer, which was a very good decision. The buyout bid comes from mobile gaming company Beijing Kunlun Tech and Qihoo 360, which TechSpot reports as China's top mobile antivirus provider. On top of that, Golden Brick Silk Road Fund Management of China which also includes Yonglian Investment, are involved.


If the deal goes through, Kunlun and Qihoo have plans to sell their products to Opera users, and push Opera's mobile advertising platform to Chinese users. Opera says that its mobile ad network has a reach over over 1 billion users, which would make sense for Chinese companies to dive onto it.

Mad Catz lays off massive 37% of staff despite great Rockband 4 sales

By: Jeff Williams | More News: Business, Financial & Legal | Posted: Feb 10, 2016 4:59 pm

Following yesterdays restructuring news, Mad Catz has decided to layoff 37% of their workforce after seeing less than ideal profits.




That is, they had the second-highest quarterly sales for the year, with a 114% increase in profit year-over-year. That, however, was not enough to sustain operations given their primary focus in the peripheral market. Net income, likely due to the investment in Rockband 4 and in the creation of Star Citizen peripherals, which costs considerable R&D capital, was down by 10%. "Rock Band sell-through was lower than originally forecast resulting in higher inventory balances as well as lower margins due to increased promotional activity with retailers," Mad Catz said in their official statement.


The restructuring and layoffs are expected to save them around $5 million by the start of FY 2017. That should significantly increase their profitability, despite the negative impact on the surrounding job market.

Continue reading 'Mad Catz lays off massive 37% of staff despite great Rockband 4 sales' (full post)

Google announces it will stop displaying Flash ads as of Jan 2, 2017

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 10, 2016 2:22 pm

Google has announced that its Google Display Network and DoubleClick Digital Marketing will be abandoning Flash-based ads for HTML5-based ads starting on January 2, 2017.




Advertisers won't be able to upload ads with built-in Flash into AdWords and DoubleClick Digital Marketing, starting on June 30, 2016. This is great news, as Flash has been a security problem for while a while now, with more and more people moving into the warm embrace of HTML5.


Google moved away from Flash to HTML5 video with YouTube in January 2015, and in February, the company began automatically converting Flash ads into HTML5.

Uber drops its 5% fee in London, to get taxi drivers using Uber

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Feb 10, 2016 6:38 am

Uber is getting feisty in Foggy London Town, with plenty of London taxi drivers looking at Uber and seeing them as a threat to both their profession, and reputations. Well, Uber has been smartly sidestepping multiple roadblocks in the UK, and wants to work with taxi drivers and the taxi industry as a whole.




The company launched an UberTAXI option, something that helped taxi drivers find new passengers - and today, the company is now waiving the fee that it would take for each Uber-sourced passenger. This fee is 5%, and it will be dropped for the next 12 months.


Uber's Regional General Manager for the UK, Jo Bertram, said: "For Londoners it means they can order a traditional black cab at the push of a button and pay electronically through their phone, rather than worrying about cash. For taxi drivers it's a chance to get a fare when there are no passengers on the street or they're waiting in a long queue at a rank".

Continue reading 'Uber drops its 5% fee in London, to get taxi drivers using Uber' (full post)