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Business, Financial & Legal - Page 160

Catch up on business, finance, and legal news shaping tech, gaming, and science - mergers, lawsuits, antitrust, IPOs, Big Tech earnings, and market trends. - Page 160

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OCZ acquires Israel-based SANRAD Inc.

| Jan 9, 2012 7:37 PM CST

OCZ Technology have been snapping up companies lately and today is no different with the acquisition of SANRAD Inc., an Israel-based provider of flash caching and virtualization software and hardware. The addition of intellectual property to OCZ's growing portfolio is expected to increase the adoption of PCIe SSD storage solutions specifically in VMware and Citrix Zen environments.

SANRAD currently sells its flash caching and virtualization software to OEMs such as NEXSAN and Brocade. The deal between OCZ and SANRAD is reportedly worth approximately $15 million, which consists of approx. 2.1 million shares of OCZ stock. From the press release:

Continue reading: OCZ acquires Israel-based SANRAD Inc. (full post)

Consumer Electronic sales during holiday period dropped 6% from last year

| Jan 8, 2012 11:27 PM CST

The Consumer Electronics Show starts up this week and right out of the gate in relation to consumer electronics is a report from the NPD Group: Consumer electronic sales during the 2011 holiday period dropped 6-percent when compared to 2010.

But, it doesn't look like it'll get any better. The NPD Weekly Tracking Service notes that the decline comes off of another decline from the year before. 2011's drop was not as bad as 2010's bad, but it shows the direction the market is headed. NPD says:

Personal Computers and TV sales fell 4-percent, with flat unit volumes. Stephen Baker, VP of industry analysis at NPD said in a press release:

Continue reading: Consumer Electronic sales during holiday period dropped 6% from last year (full post)

Steam had a huge 2011, 100% sales growth, 5 million simultaneous users during Holiday Sale

| Jan 8, 2012 7:12 PM CST

Valve just released their 2011 growth data for Steam, and during 2011 the platform grew to offer over 1,800 games to more than 40 million accounts. Year-over-year unit sales increased by more than 100-percent for the seventh straight year, and during the 2011 Holiday Sale, Steam's simultaneous user numbers ballooned to over 5 million players at once.

If you're a storage fan, get this: Steam doubled the amount of content delivered from 2010, to serve over 780 Petabytes (with a P!) of data to gamers around the world. To sustain this demand for bandwidth, the Steam infrastructure more than doubled its service capacity and a new content delivery architecture was deployed to improve user download rates.

Steamworks-powered games hit 14.5 million copies registered in 2011, a 67-percent increase over 2010. Included Steamworks titles were huge sellers like The Elder Scrolls V: Skyrim, Call of Duty: Modern Warfare 3, Deus Ex: Human Revolution, and more. Since Steamworks started over three years ago, it has shipped in over 400 games. Gabe Newell, co-founder, president of Valve and my personal super hero, says:

Continue reading: Steam had a huge 2011, 100% sales growth, 5 million simultaneous users during Holiday Sale (full post)

30-story building built in China, only took 360 hours, timelapse video included

| Jan 7, 2012 9:10 PM CST

This is something truly amazing, Xian Min Zhang sent in a video to Gizmodo of his company's latest project, a 30-story tall, 183,000-square-foot hotel built in just 360 hours. 360 hours is just an amazing 15 days. What is more impressive is that it's not just a simple hotel built, there are some great features built-in.

The hotel was built near the Dongting lake, in the Hunan Province, China, by Broad Group, a Chinese construction company who specializes in sustainable architecture. The building uses prefabricated modules (with a +/- 0.2mm precision in the fabrication process) mounted on a steel structure, with diagonal steel bracing.

What impressed me the most, are the following features of the building: it can resist a 9-magnitude earthquake (and was tested by the China Academy of Building Research), which is claimed to be five times more earthquake-resistant than conventional buildings. It is also five times more more energy efficient, with 6-inch thick glass curtain wall insulation and four-paned windows with built-in shades, a heat recovery system and 3-stage filtration air conditioning process that actually purifies indoor air to be 20 times (!) purer than the air outside.

Continue reading: 30-story building built in China, only took 360 hours, timelapse video included (full post)

AMD gets sued by Quanta, due to faulty laptop chips

| Jan 5, 2012 5:31 AM CST

AMD may have had a successful Radeon HD 7000-series launch, but 2012 is not starting off well for their laptop division. Quanta Computer, a Taiwanese company that manufactures laptops for companies such as HP, Dell, Acer, and others, is suing AMD for an alleged breach of contract.

Quanta Computer are claiming that AMD chips used in laptops made for NEC were defective. No specific models have been mentioned, but both AMD and ATI are mentioned in the report, meaning that the complaints could cover GPUs, CPUs or, both. The problem that Quanta have with the chips is heat tolerance issues in a particular laptop line, but again, no models are mentioned.

Quanta claims that it "has suffered significant injury to prospective revenue and profits" and they are suing for breach of warranty, negligent misrepresentation, civil fraud, and interference with a contract.

Continue reading: AMD gets sued by Quanta, due to faulty laptop chips (full post)

SOPA update: Google, Amazon, Facebook and Twitter consider "nuclear option" to protest SOPA

| Jan 4, 2012 6:27 AM CST

Imagine you wake up tomorrow, pull your smartphone or tablet from your bedside table, click the Facebook icon and wait for it to load. It loads, and shows you a simple page of "We have taken Facebook down in support of SOPA, if you're against the act, please call X" and with X is your local representative, or whoever Facebook decide to redirect you to.

You think, no wait, there's no way this is happening. You Google the issue. Google's page doesn't load and a similar site is up. Your heart sinks and you think Skynet have finally taken over. A T-101 will step through your door and ask if Sarah Connor lives there, before shooting your home up.

Well, that was a great introduction into what could be the biggest arsenal that the Internet has against the crap that is SOPA. According to Markham Erickson, head of the NetCoalition trade association, there has been talk of a so-called "nuclear option", where Google, Amazon, eBay, and Yahoo! would all simultaneously go dark to protest SOPA and to highlight the fundamental danger the legislation poses to the function of the Internet itself.

Continue reading: SOPA update: Google, Amazon, Facebook and Twitter consider "nuclear option" to protest SOPA (full post)

HP tried to palm off (geddit?) WebOS to Amazon and others for $1.2 billion

| Jan 3, 2012 2:21 AM CST

HP's TouchPad has gone through a million and one things, and another piece of the puzzle has leaked out that they tried to palm off its Palm/WebOS properties to potential buyers for a very nice $1.2 billion.

That is the same price HP paid for the company back in 2010, and even then, were criticized by analysts for the expensive buyout claiming the deal sorely overvalued Palm and that was over a year ago now. HP tapped the wallets of Amazon, Intel, Facebook and even Samsung to offload Palm. No one was willing to make such a large investment though.

Not only did HP put a $1.2 billion price tag on the property of Palm/WebOS, they insisted they maintained rights to use WebOS in their printers. Most companies would look away once they realised HP were flogging off the property for the same price, with preconditions and stipulations stuck to it. After being unable to rid themselves of Palm/WebOS, HP sent the project to the open-source bin so it can evolve, free of obligations from the company.

Continue reading: HP tried to palm off (geddit?) WebOS to Amazon and others for $1.2 billion (full post)

Taiwan foundries to cut prices

| Jan 2, 2012 6:26 AM CST

The world may be going through some changes, and I really think we're just beginning to scrape the surface of a real GFC, but Taiwanese foundries are talking about slicing prices by 10- to 15-percent for wafters built on mature node processes.

These wafters have lower production costs, so the foundries are passing on the savings to you and me, the customer. The move is said to build consumer confidence in building their inventory after a shaky 2011 in the U.S. and European markets. DigiTimes reports that although there is slow demand for mature process manufacturing, Taiwan Semiconductor Manufacturing Company (TSMC) continues to see orders build up for the advanced 28nm technology (such as the great Radeon HD 7970 from AMD), according to sources at non Taiwan-based chip suppliers.

This is only a good thing, savings on technology. It also allows vendors to buy cheaper, and pass those savings onto the customer, too. All we need now is a drop in the mid to high-end range of GPUs and I'll be happy. Give me some HD 7970's for under $500 AUD and I'll be a happy chappy.

Continue reading: Taiwan foundries to cut prices (full post)

Samsung ship over 1 million of the 5.3-inch Galaxy Note smartphones

| Dec 30, 2011 4:31 AM CST

Samsung's Galaxy Note, the uber-large, but curvaceously sexy Galaxy Note, which sports a 5.3-inch screen is a kind of tabletphone hybrid. This hasn't stopped the device from shipping more than 1 million in Europe and Asia, before it even hits the shores of the U.S.

The rapid sales of the device show Samsung that creating a new market for something between a smartphone and tablet PC. Samsung says that the speed of sales should accelerate even further going into the new year when it becomes available in the U.S.

Samsung also note that the Financial Times reviewed the Galaxy Note highly, commenting it as:

Continue reading: Samsung ship over 1 million of the 5.3-inch Galaxy Note smartphones (full post)

Amazon sold over 4 million Kindle devices in December

| Dec 30, 2011 2:31 AM CST

Amazon have had a very Merry Christmas when it comes to Amazon Kindle sales over the holiday season. Amazon customers purchased millions of Kindle Fires and millions of Kindle e-readers. 2011 was the best holiday ever for the Kindle family, with one million Kindle devices sold each week.

Amazon CEO and founder, Jeff Bezos, says "We are grateful to our customers worldwide for making this the best holiday ever for Kindle." He continues pointing out the fact that the #1 and #4 best-selling Kindle books released in 2011 were both published independently by their authors using Kindle Direct Publishing.

Three Kindle-based products took the top three spots on Amazon's best seller list, with the Kindle Fire, Kindle Touch and Kindle taking out the top three spots, respectively. Amazon's latest, Kindle Fire, was the most gifted and wished for product on Amazon this season, and was also the top selling product in the UK, France, Spain and Italy. Kindle Fire also took out the best selling product on Amazon's mobile site.

Continue reading: Amazon sold over 4 million Kindle devices in December (full post)

Richard Huddy is now inside Intel Inside, or Inside Intel

| Dec 28, 2011 9:25 PM CST

There have been plenty of people who have worked for ATI, that have moved onto bigger and better things by packing up their brown box, throwing their personal items inside like a plant or a family portrait (ok, ok, that sounds like a Hollywood cliche, but it's how I imagine it as an Australian) and moving to a better job.

Now former AMD employee, Richard Huddy, has moved onto Intel. His goal with the red team was to form stronger relations with the game developers themselves. Big news, eh? Huddy has pushed through plenty of things for not only the technological industry, but the gaming industry. He worked with one of my favorite games, Max Payne, and ended up with a starring role as the mad professor in the lab. From there, he has helped a tonne of huge games hit the market.

These include Harry Potter, Just Cause, Battlefield 2 and Burnout Paradise. He also was a big player in pushing HDR with AA into a bunch of games over the years. Why would Intel want Huddy? Well, they want their GPU business to fly. Intel's Haswell architecture, due in 2013, will reportedly establish Intel as some form of leader in the mass-market graphics space.

Continue reading: Richard Huddy is now inside Intel Inside, or Inside Intel (full post)

Wikipedia dumps GoDaddy, doesn't like the SOPA support

| Dec 27, 2011 3:21 AM CST

I've covered SOPA-related news for the past few days, as it is getting quite serious with GoDaddy being hit hard. It has just been announced that Jimmy Wales decision to find a new home for Wikipedia, away from the SOPA loving hands of GoDaddy.

Wales is quite unhappy with GoDaddy's position on the Stop Online Privacy Act, by announcing the shift in the following tweet:

He then updated, and posted another tweet the next day:

Continue reading: Wikipedia dumps GoDaddy, doesn't like the SOPA support (full post)

Apple buys Israeli-based flash memory company, Anobit, for between $400-$500 million

| Dec 21, 2011 2:26 AM CST

Apple have just completed a deal to purchase Israeli flash memory firm, Anobit. The deal is reportedly worth between $400-$500 million, which makes it Apple's largest acquisition since NeXT which cost $404 million. A tweet from the Twitter account of Israel's Prime Minster has said:

It is not just exciting for Apple, but for consumers, too. Apple's new investment in Anobit shows their commitment to requiring fast flash memory, as Israel is a country known for technological breakthroughs, such as its early work in mobile phones and instant messaging.

Anobit explains their technology:

Continue reading: Apple buys Israeli-based flash memory company, Anobit, for between $400-$500 million (full post)

SOPA could mean the end of Reddit

| Dec 20, 2011 8:59 PM CST

If you haven't heard of SOPA (Stop Online Piracy Act), then I suggest you do some serious reading, because last week the House Judiciary Committee discussed it, and the results of SOPA would not be good, at all.

There was an abrupt end to the markup session on Friday, with a new hearing date set for this week. Opposition to SOPA is growing, with the General Manger of Reddit stepping in and saying that the bill would "almost certainly mean the end" of Reddit.

On Wednesday, the House Judiciary Committee will continue discussing SOPA to decide whether the bill should move to the full House. Until then, lobbying groups for and against the bill continue with their efforts to influence the votes of committee members.

Continue reading: SOPA could mean the end of Reddit (full post)

Witcher 2 developers going after pirates, have a trade secret way of tracking them

| Dec 19, 2011 8:26 PM CST

CD Projekt, developers behind the successful currently PC-only game The Witcher 2: Assassins of Kings is going after pirates. The game has sold over one million copies so far, and while they are confident behind these sales numbers, they are also confident in going after pirates of their hard work.

CD Projekt are going after pirates, claiming that only people who they are sure downloaded a copy of the game illegally are receiving a threat of legal action. Michal Nowakowski, CD Projekt's VP of Business Development says:

There are reports floating around that there have been several batches of notices sent to pirates in Germany asking for a settlement equivalent of $1190 as compensation for illegally obtaining a copy of the game. TorrentFreak estimate that over one thousand of these letters have been sent to Germany alone, while worldwide piracy for The Witcher 2 is around 2 million copies (this is measured in BitTorrent downloads).

Continue reading: Witcher 2 developers going after pirates, have a trade secret way of tracking them (full post)

Skyrim is the "fastest selling title in Steam's history", quest complete

| Dec 19, 2011 2:28 AM CST

We all know Skyrim has enjoyed a very successful career in just six weeks, but just how successful? Well, firstly, it has shipped over 10 million copies since it's 11/11/11 launch, with "Large retail reorders across all platforms and record-breaking digital sales reflect the ongoing global demand by consumers excited to explore this extraordinary fantasy epic," the company said in a statement.

Robert Altman, Chairman and CEO of ZeniMax Media has said:

Bethesda also add that the PC version of Skyrim in North America outsold all other PC games (!) by a factor of over three-to-one in the month of Skyrim's release.

Continue reading: Skyrim is the "fastest selling title in Steam's history", quest complete (full post)

Hitachi-LG price fixing update: three executives will face jail time

| Dec 15, 2011 1:27 AM CST

Three Hitachi-LG Data Storage (HLDS) workers, Young Keun Park, Sang Hun Kim and Sik "Daniel" Hur will face jail time after pleading guilty to fixing optical disk drive prices, according to the US Department of Justice. Throughout 2005 to 2009, the three employees suppressed competition by rigging bids for optical disk drives sold to both Dell and HP, in addition to fixing prices for devices sold to Microsoft.

Under the plea agreement, Park and Kim will serve eight months in prison, while Hur will experience seven months in jail. All there will have to pay a $25,000 fine. The three executives will also be charged with multiple violations of the Sherman Act, which covers antitrust and anticompetitive activities. Each count of the Sherman Act comes with a statutory fine of up to $1 million, (and more if the damages are large enough), and up to 10-years behind bars.

This is the first ruling against individual workers, but is the second round of charges against the join Hitachi-LG venture. Last month, HLDS itself pleaded guilty to 14 counts of violating federal antitrust laws between the June 2004 and September 2009. Hitachi-LG were sentenced to pay a $21.1 million fine and is said to be helping the DoJ with its investigation.

Continue reading: Hitachi-LG price fixing update: three executives will face jail time (full post)

Call of Duty: Modern Warfare 3 passes $1 billion milestone in just 16 days

| Dec 13, 2011 4:25 AM CST

Activision Publishing, Inc., a wholly-owned subsidiary of Activision Blizzard, Inc. announced today that Call of Duty: Modern Warfare 3 passed the $1 billion mark in sales in just 16 days since its November 8 launch. This beats the record set in 2009 from James Cameron's "Avatar" which hit $1 billion in 17 days.

The Call of Duty community now consists of more than 30 million gamers, which is more than the combined populations of the cities of New York, London, Tokyo, Paris and Madrid. Some crazy, crazy numbers. Bobby Kotick, CEO of Activision Blizzard has said:

Continue reading: Call of Duty: Modern Warfare 3 passes $1 billion milestone in just 16 days (full post)

Motorola wins against Apple in court over wireless patent

| Dec 11, 2011 11:31 PM CST

Motorola would be running around saying HELLO MOTO to each other today in excitement, as a German court ruled against Apple in an ongoing battle over patents. Motorola's complaing was that Apple failed to license on of their wireless intellectual properties. Apple use this technology in their 3G-packing iPads and iPhones.

Motorola could now force Apple to remove the feature from their products, or even have the ability to slap a sales ban in Germany. Apple have said that they intend to appeal the ruling, while Motorola claim the ruling validated its "efforts to enforce its patents against Apple's infringement."

Apple have replied, by saying:

Continue reading: Motorola wins against Apple in court over wireless patent (full post)

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