In the midst of the Facebook IPO debacle, Mark Zuckerberg is MIA
The Facebook IPO may now be part of a Securities Fraud Lawsuit, but there's some more interesting news building at the moment. Facebook founder and CEO, Mark Zuckerberg is not around to enjoy the fruits of his labor. Zuckerberg's last public appearance was the day he rang the Nasdaq opening bell, the same day the shares went public and this problem became an issue for thousands across the world.
The only other appearance from the social networking guru is the wedding picture he posted over the weekend. It's been five days since then, and there has been nothing on his Facebook page either. The shares are steady on $32 a piece, and this just adds to the hysteria that is the Facebook IPO.
Zuckerberg and co have a large hole to dig out of, and while Facebook is a seemingly invincible brand, nothing is ever indestructible. I have seen on my ventures through the jungle that is the Internet, other sources claiming that "Facebook could destroy the U.S. economy", which may sound ridiculous, but it's not a random blog saying this, it's Market Watch, which gives it some credibility.
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We could have 60TB HDDs by 2016
Sick of your current multi-HDD, RAID, NAS or other storage method you're using? Well, according to the latest IHS iSuppli storage space market report, we could be looking at maximum areal densities of hard disk drives to double by 2016.
Seagate has also predicted a doubling in drive density, which can only lead to great things for the storage industry. What technology would be required to head toward 60TB 3.5-inch drives? Well, we're looking at heat-assisted magnetic recording (HAMR), which Seagate patented back in 2006. Seagate have previously stated they could produce a 60TB 3.5-inch HDD by 2016.
What of laptop drives? Well, we could be looking at 10-20TB by 2016, according to IHS iSuppli. According to IHS iSuppli, areal densities are looking to climb up to a maximum of 1,800 Gbits per square inch per platter by 2016, up from 744 Gbits per square inch from 2011. This year, hard drive areal densities are looking to hit 780 Gbits per square inch per platter, with next year reaching 900 Gbits.
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Take-Two talks next-gen consoles, and their current earnings call
Take-Two CEO Strauss Zelnick had some interesting comments during his speech on the company's fourth quarter earnings call yesterday, where he said that transitions to new a hardware cycle can create challenges for some publishers and opportunities for others. Zelnick expects to fall into the opportunity category.
Zelnick also said that those with strong technology, strong owned intellectual property and top talent thrive in a new console cycle, and he believes that is what Take-Two is made up of, but not many of its competitors, he says "we expect to be at the front of the line". Now, let's talk numbers, this was an earnings call after all.
The company saw a net revenue of $148.1 million this quarter, compared to $182.3 million to the same time last year, a drop of close to $34 million. For the entire year, Take-Two's net loss was $108.8 million, when compared to 2011, where they made a profit of $48 million. Zelnick says:
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Facebook IPO now the subject of a Securities Fraud Lawsuit
It seems that the ongoing tanking of the Facebook shares is now getting worse, with the Facebook IPO now the subject of a Securities Fraud Lawsuit filed in the United States District Court in New York. The lawsuit is built upon certain Facebook IPO documents containing untrue statements of material facts and omitted other facts necessary to make such statements not misleading.
But, it gets worse, the fraud lawsuit goes on to say that the Facebook IPO documents weren't prepared in accordance with Federal rules and regulations governing their preparation, thus, violating Federal Securities Laws. But, you might be safe, if you purchased, or acquired shares in Facebook common stock (FB), traceable to the Facebook IPO, on or around May 18, 2012, you can contact the Securities Fraud Attorneys to discuss your rights to recovery.
If you have purchased or acquired shares in Facebook, and want to go through with this, here are some contact details:
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AMD continue to fib on their transistor count, this time with the Llano Fusion APU
If we remember late last year, AMD had talked about the transistor count in their then-released Bulldozer chip, which was meant to house 2 billion transistors, but actually only had 1.2 billion. How a mistake like that can happen is anyone's guess, but it looks like Team Red are up to their old tricks again, it seems.
Bright Side of News has an interesting piece, where they've noticed that AMD have again given the public an erroneous transistor count. AMD's Llano was meant to have 1.45billion transistors, as the company explained at the Hot Chips 2011 conference, as well as most reviews citing that it sported 1.45 billion transistors.
But, if we look at some of the Trinity reviews, such as AnandTech's, where they state it has 1.178 billion transistors, Tom's Hardware and Tech Report state it has 1.45 billion, but Trinity actually sports 1.30 billion transistors. The die size hasn't changed, and measures in at the same 228mm² since Llano emerged in 2011. Most sites can't really be faulted here, as they've just copy/pasted the specs directly from... AMD.
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Windows 8 boots too quickly, how is that a problem? Well...
Windows 8 is nearing release, and with it, we're prompted with more and more news about it, but that's good, right? The latest out of the gate is that the upcoming OS from Redmond is booting... too fast? Yes, too fast. Everyone wants quicker boot times, and Windows 8 definitely delivers in that way.
But, there are problems with an OS that boots too quickly, that if you need to enter the setup menu by pressing F2/F8 during the boot, there's next to no time to tap those keys. What did Microsoft do? Well, they can't just hold the OS boot time back, that would be crazy, so they've had to add some new features to the OS to make it easier to get to these menus.
If you have a machine with a solid-state drive installed, you can boot into a machine in around 7 seconds, and this will only decrease as hardware gets faster over time. In a test machine at Microsoft sporting an SSD and UEFI system, the time window to tap F8 is 200 milliseconds, yes, 200 milliseconds. In the case where you can't boot into Windows, Windows 8 will automatically enter automatic failover behavior which is determined by an algorithm that establishes a baseline over several boots.
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RumorTT: Nintendo Wii U supports DirectX 11, runs Unreal Engine 4, and runs Assassin's Creed at 1080p at 60fps
If a post on an Italian message board is to be believed, a developer from Ubisoft Milan has posted a bunch of Wii U-related information that almost sounds too good to be true. The poster says that the price will be between $350-$450, and that it will launch on November 23. But that's not even the best bit.
The Wii U, according to the post, supports DirectX 11, and is already running Unreal Engine 4, sports 2GB of RAM, and has an AMD Radeon HD 6770 GPU. It can run Assassin's Creed at 1080p at 60fps, compared to just 720p on the PlayStation 3 and Xbox 360.
The report also states that Crytek, EA, and Valve are all working on the Wii U, and that Valve are working on a digital distribution platform and Portal ports for the Wii U. The full list of details:
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HP to lay off 27,000 employees in multi year restructuring
We previously reported that anonymous sources were saying HP was going to lay off 25,000-30,000 people. We now know that those numbers were correct as Meg Whitman has announced a restructuring plan which will result in 27,000 workers being let go. To put that number in perspective, it is about 8% of HP's 325,000-person workforce.
People won't be losing their jobs immediately as these layoffs are part of a multi-year restructuring plan. As such, the cuts will only be fully implemented by October 2014 which gives employees plenty of time to find new jobs. The move is aimed at making HP more innovative and cost efficient and will include an early retirement program and a one-time charge of $1.8 billion.
"We are making progress in our multi-year effort to make HP simpler, more efficient and better for customers, employees, and shareholders," said Meg Whitman, HP chief executive. "This quarter we exceeded our previously provided outlook and are executing against our strategy, but we still have a lot of work to do."
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Diablo III breaks several sales records, explains connection issues
Diablo III has been selling incredibly well. Sales numbers for the first week, let alone the first day, have been absolutely unbelievable. I'm sure part of that is due to the fact it has taken Blizzard so long to release this sequel. The other contributing factor would be the absolute quality of the game as seen in the demo.
Sales on the first day totaled 3.5 million copies. That yields about $210 million in revenue. That number doesn't include the 1.2 million players who received Diablo III as part of signing up for World of Warcraft for a year. In total, an incredible 4.7 million users purchased the game within the first 24 hours it was available.
By the end of the first week, Diablo III had sold 6.3 million copies yielding a rough revenue of $378 million. Wow. With incredible uptake numbers such as those, its clear why Blizzard's servers have been getting hammered and giving players trouble logging in. Mike Morhaime, CEO and cofounder of Blizzard Entertainment:
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NVIDIA looks to bring $199 quad-core Android tablets into reality
The Kindle Fire may currently be rocking the low-price Android tablet market, but it could soon have quite a bit of competition thanks to NVIDIA. NVIDIA has been working on a new platform called "Kai" which aims to bring quad-core Android tablets down to the $199 price range by this summer. At that price point, the Kindle is going to have some serious competition.
NVIDIA hasn't played any games with their intentions to make lower cost Android tablets a possibility. These intentions aren't just a dream either as NVIDIA has a plan to help quad-core Android tablets reach the $199 price point by this summer. During the investor meeting last week, Vice President Rob Csonger provided some details on Kai.
Our strategy on Android is simply to enable quad-core tablets running Android Ice Cream Sandwich to be developed and brought out to market at the $199 price point, and the way we do that is a platform we've developed called Kai. So this uses a lot of the secret sauce that's inside Tegra 3 to allow you to develop a tablet at a much lower cost, by using a lot of innovation that we've developed to reduce the power that's used by the display and use lower cost components within the tablet.
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