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Business, Financial & Legal Posts - Page 90

Seagate have shipped over two billion HDDs, one billion of those in the last four years

It was only a matter of time, but Seagate have reached the milestone first by shipping two billion hard disk drives. It took the storage giant 29 years to reach this goal, and more impressively they shipped one billion drives by 2009, and have shipped one billion since.

 

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The one billion drives shipped in the last four years is thanks to the explosion of demand for storage in mobile applications, cloud infrastructures, social media, business applications and the ever increasing consumer market. Steve Luczo, president, CEO and chairman of Seagate, has said: "This is truly an impressive accomplishment and I am proud to lead this company as we celebrate this success."

 

John Rydning, IDC's research vice president, for hard drives and semiconductors said:

 

The ever-growing number of mobile and content capture devices using cloud services is fueling the growth of digital content. Mobile devices and the cloud are coming together to drive ongoing demand for hard disk drives, with shipments reaching more than 585 million units in 2013, and hard disk drive Terabyte shipments worldwide growing at a 30 percent 2012-2016 compound annual growth rate.

Apple could be scared of Samsung's investment in Sharp

We reported on Samsung's investment into Sharp last week, but it looks like Samsung could use this as a nice little wink over at their main competitor, Apple. Samsung's $110 million investment into Sharp is a very cheap way to put the pressure onto Apple, which market analysis firm Trefis has said has Apple threatened.

 

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Trefis analysts have postulated that Samsung's investment could see Apple lose some of their power over at Sharp, who are estimated to supply one-third of Apple's display panels. Another big factor is that Apple are reportedly getting Sharp to help with their upcoming TV. Trefis believes that Samsung's investment in Sharp could be the beginning of a blossoming relationship, which could eventually push Apple against a wall.


Kodak posts huge $1.3 billion loss for fiscal 2012

Kodak are going through some rough times, but the 2012 fiscal year has been dismal for the company. Kodak told investors in their annual report that they are looking to come out of their bankruptcy in the summer of 2013, a little earlier than expected.

 

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The company posted a large $402 million loss for the quarter gone, but an even bigger loss of $1.38 billion for the 2012 fiscal year. These losses are mounting, at nearly double the numbers from 2011. Kodak CEO, Antonio M. Perez was upbeat on the news, saying:

 

Thanks to the talent and dedication of our employees, our 2012 performance was on track or ahead of our adjusted EBITDA and cash projections, and we have remained in compliance with the covenants of our debtor-in-possession facility, laying the foundation for emergence as a profitable, sustainable company.

YouTube co-founder set to launch a new video-based business

Chris Hurley, co-founder of YouTube, is looking at getting back into the video website business after selling his video streaming site to Google for a nice $1.65 billion. Hurley has now begun teasing his new venture, where he said during a Q&A session with Digg founder and Google Ventures partner Kevin Rose: "I wish [South by Southwest] was a month later because I could unveil the new product."

 

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He didn't go into much detail, but added that the new product is "primarily video-based...and gives flexibility for people to work together and create content." It looks like we should expect a next-generation YouTube, and that's not a bad thing at all. Digg founder Kevin Rose asked him if that was his intention, where he responded with: "We're not setting up to [kill YouTube]-now. There's always going to be a place for YouTube." His intention, instead, is to create a platform better suited for collaboration."

Mother attempts to sell her kids on Facebook at a bargain price of just $4000

Facebook is used for a million and one things these days, but child trafficking - you'd think not. Misty VanHorn, a mother of two in Oklahoma has tried to sell her two children on Facebook. She was arrested on the weekend for alleged trafficking of minors on Facebook, trying to sell her 10-month-old and 2-year-old for $4000.

 

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VanHorn reportedly offered the kids up for sale more than once, offering her innocent 10-month-old girl for $1000. Alternatively, you could buy a package deal which included both kids for $4000, where she actually had someone interested. VanHorn was dealing with a woman in Fort Smith, Ark., according to The Oklahoman. Because she was dealing across the state line from her home in Sallisaw, she might be charged with a federal crime.

 

Her Facebook message to the Fort Smith-based woman said: Just come to Sallisaw, it's only 30 minutes away and I'll give you all of her stuff and let y'all have her forever for $1,000. Why was VanHorn trying to sell her children? She wanted the $1000 to bail her boyfriend out of jail, where ironically she's being held on a $40,000 bail. Her kids are now in the custody of the state's department of human services, who alerted the police in the first place.

Continue reading 'Mother attempts to sell her kids on Facebook at a bargain price of just $4000' (full post)

Asetek files suit over Cooler Master Seidon liquid coolers

Cooler Master is waking up this morning to a fresh lawsuit involving its Seidon closed loop liquid CPU coolers. Asetek, the company who licenses similar coolers to companies like NZXT, Corsair and PNY is claiming that Cooler Master is infringing on two of its patents.

 

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US Patents 8245764 and 8240362 are the two in dispute here, both of which provide a very vague overview of a sealed "cooling system for a computer system". Both reference a maintenance free liquid cooling system that is connected to a pump and radiator and "different embodiments of the heat exchanging system as well as means for establishing and controlling a flow of cooling liquid".

 

These patents (2010 filing) are updated versions of the ones Asetek used against CoolIT in a similar suit which were filed in 2005 which means that they are valid for any product created since 2005. Neither company has released a statement about the suit and both have refused to comment on the matter.

Iran blocks VPN access to the global websites

Iran have been in the headlines over the last few months from putting up fences to their Internet access, creating a type of intranet. Popular websites like YouTube and Facebook can only be accessed through VPN, which bypasses Iran's filter.

 

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From now on, this might prove to be an issue as Iran is stopping this "illegal" VPN access. Ramezanali Sobhani-Fard, Iran's head of information and communications technology committee has said "Within the last few days illegal VPN ports in the country have been blocked. Only legal and registered VPNs can from now on be used." Typical workarounds to this will not work, but registered and legal VPN access is still a way to get around it, for now.

Creator of Plague Inc to speak at the CDC about public health

Plague Inc. creator, James Vaughan, has been invited by the US Centers for Disease Control and Prevention to speak at their HQ about how video games can be used to increase public awareness of health issues.

 

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If you're not aware of Plague Inc., the game simulates the outbreak of a pandemic disease, with Vaughan saying that it is as "scientifically plausible" as possible. The CDC will invite him in so he could talk and hopefully reach a wider audience with a more casual approach, games. He has said: "They're also very keen on how games like Plague Inc. can be used to inform the public about health issues and raise public awareness of these issues."

SimCity debacle forces possible government intervention through petition

As a huge fan of SimCity, who pumped countless hours into as a kid, I haven't purchased it yet personally and I'm sure you know it's for good reason - the huge amounts of issues. We've posted many times about it, not just once, or twice, but even three, four, and now five times. There is now a petition against DRM, with a strong title of 'Institute an industry-wide return policy for video games that rely on remote servers and DRM to function properly.'

 

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Check the full story for the petition.

Continue reading 'SimCity debacle forces possible government intervention through petition' (full post)

AT&T perfectly happy to unlock your smartphone provided you're out of contract

The White House and FCC aren't the only groups that are advocating for the legal unlocking of smartphones. AT&T has authored a post on their blog explaining that they are perfectly happy to unlock your device as long as the customer is paying his or her bills and they have fulfilled their service agreement commitment.

 

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While we think the Librarian's careful decision was reasonable, the fact is that it has very little impact on AT&T customers. As we make clear on our website, if we have the unlock code or can reasonably get it from the manufacturer, AT&T currently will unlock a device for any customer whose account has been active for at least sixty days; whose account is in good standing and has no unpaid balance; and who has fulfilled his or her service agreement commitment. If the conditions are met we will unlock up to five devices per account per year. We will not unlock devices that have been reported lost or stolen.

 

If you're an AT&T customer who meets the requirements above and have tried unlocking your device to no avail, let us know! We'd love to hear your story in the comments. If you'd like to read AT&T's full blog post detailing their unlocking policy, you can head over to AT&T's website.

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