Business, Financial & Legal News - Page 217

Philips have just bowed out of the consumer electronics market, and are now focusing all of their energies into the medical equipment and lightning businesses. Philips have sold their consumer electronics business to Japanese manufacturer Funai Electric Co. for $201 million.

Philips' CEO, Frans van Houten talked to The Wall Street Journal, saying "Since we have online entertainment, people do not buy Blu-ray and DVD players anymore."

This is true though - as most consumer electronics are pretty much identical these days as the content displayed on them is completely online. Myself, I use a Samsung Smart TV and don't use any of the 'smart' features apart from two times in eight months I've used Skype. Everything comes from a networked media player, streaming from my QNAP NAS. There should be many changes in the consumer market with more players shifting and changing in the coming years.

CBS Interactive has filed a response to an injunction that is keeping CNET's journalists from talking about bit torrent technology. The injunction alleges that by CNET talking about, and linking to, P2P software that can be used for illegal purposes, they are encouraging users and causing it to become more pervasive.

CBSI has responded to the injunction claiming just the opposite. They say that because they provide warnings about not using the technology to infringe on copyrights, they are actually doing more good. They warn that the software is still publicly available and wouldn't come with these warnings if found by a Google search.

If CBSI were enjoined from linking to sites that offer downloads of BitTorrent clients, those sites would still remain available to the public and would still be easily found by a simple search on Google - albeit without the warning against infringement that CBSI provides. Moreover, the public interest would be damaged by denying legitimate and truthful information about a pervasive technology, as well as by impending non-infriging uses.

THQ was broken apart last week, with bits and pieces being sold to other companies in various forms. Now we're hearing that Crysis developer, Crytek, have just opened up a new studio based in Austin, Texas, and have filled it with some of the core developers from Vigil Games.

Vigil Games are the guys and girls behind Darksiders, but with THQ sinking, they were left without anything to do, until Crytek come to their rescue. Ex-Vigil co-founder, David Adams, has now become the CEO of the newly-formed Crytek USA Corp., where he has said:

I'm thrilled to be a part of the newest Crytek studio, which will boast some of the brightest development talent in the industry. The studio's launch represents Crytek's commitment to delivering diverse and high quality content to players everywhere.

Following in the footsteps of Google, Twitter has released its second transparency report. The report details that Twitter complied with 69 percent of US data requests, which is less than the 88 percent of requests that Google responded to. It seems that Twitter puts a bit more effort in blocking data requests.

The report also detailed that the US government led the pack in sheer quantity of data requests. For last year, Twitter said it received a total of 1,858 requests for information from governments, 6,646 reports of copyright violations, and 48 demands from governments demanding material to be removed.

We've been thinking about ways in which we can more effectively share this information, with an aim to make it more meaningful and accessible to the community at largeWe believe the open exchange of information can have a positive global impact. To that end, it is vital for us (and other Internet services) to be transparent about government requests for user information and government requests to withhold content from the Internet; these growing inquiries can have a serious chilling effect on free expression -- and real privacy implications.

There was a time when the Apple's (NASDAQ:AAPL) iPhone was the undisputed champion, overlooking the grassy knolls quietly whispering 'this changes everything, again' to itself, but those days are behind it thanks to huge competition coming in from what seems like all sides.

Well, Asia's more well-off consumers in Singapore and Hong Kong are slowly switching from iPhone's to the competition - something Reuters is reporting as 'iPhone fatigue'. The problem also comes from consumers wanting to try out other brands, such as South Korea-based Samsung's Galaxy range of devices, seriously chewing into Apple's market share.

Since 2010, Apple has been completely controlling Singapore in terms of market share, with more devices in Singapore running iOS per capita than anywhere else in the world. This is where StatCounter - gs.statcounter.com, who measure traffic collected from a network of 3 million websites, calculate Apple's share of mobile devices in Singapore.

Apple's recently released Supplier Responsibility Report covers the progress they're making for everything from empowering workers to labor and human right issues within their supply chain. The report highlighted results for 393 audits performed over the last twelve months, a 72% increase over the number of audits performed in 2011.

Apple have said that its worker empowerment program providing education on local laws and the company's supplier code of conduct was extended to 1.3 million employees last year. This is a 100% increase in the amount of workers trained in the program since 2008.

The report also had some information regarding a Chinese labor agency that had forged documents for underage employees to work within Apple-connected suppliers. After the company had discovered 74 cases of workers under the age of 16 during an audit of a circuit board supplier in January 2011, Apple cut all ties to their contract with the company and is now going after the agency who did the hiring. The report states:

One woman isn't too happy with the date Match.com set her up with. It's an understandable position to take, as the man she met on the dating site stabbed her ten times in an ambush attack that took place in her garage. Because of this, she is suing Match.com for $10 million in compensation.

Mary Kay Beckman argues that Match.com misled her and failed to alert her of the potential dangers of online matchmaking. She met Wade Ridley in September 2010 via the service. Several online conversations took place and after 10 days of dating, she broke it off. The next day, Beckman alleges Ridley sent threatening text messages.

January 2011, he reportedly hid in her garage and stabbed her ten times. Beckman is looking for the $10 million as compensation for the multiple surgeries she underwent.

Just how much does Microsoft charge for a Windows Phone license? If you're Nokia, it's around $1 billion. In Nokia's earnings report, it announced that Microsoft will be getting a $1 billion payment in royalties for using Windows Phone. Previously, Microsoft had paid Nokia "platform support payments," amounting to $250 million each quarter, and this amount always exceeded how much Nokia had to pay Microsoft.

"To date the amount of platform support payments received by Nokia has exceeded the amount of minimum royalty commitment payments to Microsoft," Nokia wrote in its earnings report. "Thus for the remainder of the life of the agreement the total amount of the minimum software royalty commitment payments are expected to exceed the total amount of the platform support payments."

This should indicate that Nokia will be shipping more Windows Phone devices, likely through its popular and flagship line of Lumias. Nokia sold just 4.4 million Lumia devices in the last quarter of 2012, which is 4 times higher than it managed in 2011. Windows Phone continues to increase in popularity, which partially explains why Nokia can ship more devices.

The US government allows its citizens to petition the White House via an easy online form. Since responding to the Death Star petition, the government has increased the number of signatures required before a response must be issued to 100,000, which is still a pretty easy number to reach on anything worthwhile these days due to the power of the internet.

A while back, the Library of Congress decided that jailbreaking smartphones was legal, but jailbreaking tablets and unlocking wireless devices without the carrier's consent was illegal. A new petition has popped up on the White House petition site looking to force the Librarian of Congress to change his decision about the unlocking of smartphones.

"As of January 26, consumers will no longer be able unlock their phones for use on a different network without carrier permission, even after their contract has expired," reads the petition. "Consumers will be forced to pay exorbitant roaming fees to make calls while traveling abroad. It reduces consumer choice, and decreases the resale value of devices that consumers have paid for in full."

Samsung enjoyed a stellar Q4 2012, where the South Korean company saw $52.04 billion in revenue for the three-month period, posting profits of $8.27 billion. This is nearly double what the company reported in the same period last year.

Samsung reported "strong" sales of their smart devices, where both the Galaxy S III and Note II have been mentioned specifically. Last we heard, the Galaxy S III had smashed through 30 million sales, and the Note II was enjoying 5 million sold. Samsung expects demand for replacements of those devices to be strong with the push of LTE connectivity, but the sales drop in Q1 will soon happen.

In the TV department, demand was flat from last year, but the push to LED models has provided Samsung with higher profits. The South Korean company sees the 60-inch and higher market growing this year, but Q1 sales - as we said before - are going to be slow before any new models are introduced. Weak demand for PC RAM was also discussed, but growth was seen in the server and mobile markets.