Business, Financial & Legal News - Page 228

The latest and most important Business, Financial & Legal news - Page 228.

AMD set to reduce workforce by 10% in the next few months

Anthony Garreffa | Thu, Nov 3 2011 7:58 PM CDT

AMD have just announced a new restructuring plan that is set to cut 10-percent of their workforce over the next few months. The new plan [of sacking employees] and implementation of operational efficiency initiatives designed to strengthen AMD's competitive positioning. By cutting their work force by 10-percent, AMD can save approximately $10 million in operating expenses during Q4 2011.

AMD set to reduce workforce by 10% in the next few months | TweakTown.com

That sum will expand out to $118 million for 2012, the workforce layoffs will be global and not centred on just one or two sections of AMD's global footprint. It's expected to be completed by Q1 of 2012, with other restructuring plans to continue into 2012. AMD are also saying they plan to save another $90 million off its expenses in 2012, by undertaking various operating efficiencies, but they did not elaborate on that.

AMD's total operating expenses are estimated at $610 million for Q4 2011, with the savings factored in. AMD also wants to improve productivity, reduce the time it takes to release products to the market and better align themselves with key industry trends.

Continue reading: AMD set to reduce workforce by 10% in the next few months (full post)

New Apple Store app launches Thursday, changes everything [about retail] again

Anthony Garreffa | Tue, Nov 1 2011 11:25 PM CDT

Apple is set to change everything up with their new iOS app and retail plans have finally been confirmed thanks to a source of BGR's. On Thursday, Apple's new retail store app for iOS will launch, bringing with it two major new features. Firstly, it will enable online ordering with retail store pickup, which has already begun rolling out in Apple Stores in New York City and California, with more stores going live on Thursday.

New Apple Store app launches Thursday, changes everything [about retail] again | TweakTown.com

As for what will now happen, just check out the insane list below:

If a customer orders an in-stock product, pick up will be available approximately 12 minutes after completing the order. Why 12 minutes? Well, the order goes through the system to the designated Apple Store in about 3 minutes. Apple's back-of-house employees have 2 minutes to set all of the products aside on a shelf from the minute it was ordered. There is then a 7-minute grace period for employees to get everything else in order. Around 12 minutes after purchasing, customers will be able to walk into the Apple Store, skip lines, skip registers, get their products, sign for them and leave. We're told Apple is really excited about this, and it's something customers have been seeking for a while.

Continue reading: New Apple Store app launches Thursday, changes everything [about retail] again (full post)

Q3 report on the graphics card market: Shipments are up 18.4%, Intel has 60% of the market

Anthony Garreffa | Tue, Nov 1 2011 8:11 PM CDT

Jon Peddie Research (JPR) have released their third quarte report for the graphics market. The news brings announcement that there was a 16.7-percent sequential increase in shipments, raising them to 138.5 million. That is above the 10-year average of 13.9-percent, but in line with seasonal expectations as vendors stock up for the holiday season.

Q3 report on the graphics card market: Shipments are up 18.4%, Intel has 60% of the market | TweakTown.com

Intel saw a 28.5-percent growth in shipments on-quarter and 36.5-percent on-year, which is made up nearly entirely of embedded graphics chips inside their latest-generation desktop and mobile processors. Intel have maintained a huge lead on their competition, gobbling up 60.4-percent of the GPU market share, up 10.1-percent from Q2 2011 and up 9.5-percent when compared to Q3, 2010.

AMD have seen a steady 9.9-percent increase in shipments, this is thanks to their Fusion APU, but they lost market share. Market share for AMD is down to 23-percent, down 5.9-percent on-quarter, and flat year-over-year. Shipments of AMD's desktop and notebook Fusion chips have increased 58.4-percent from last quarter. Now for some big numbers, almost 92 million PCs shipped worldwide this quarter alone, up 8.8-percent sequentially. There were roughly 1.6 GPUs per computer in 2011, up from 1.16 GPUs per system ten years ago.

Continue reading: Q3 report on the graphics card market: Shipments are up 18.4%, Intel has 60% of the market (full post)

Photos from the flooded Western Digital factory in Thailand

Anthony Garreffa | Tue, Nov 1 2011 7:53 PM CDT

The shocking flooding in Thailand has not only affected families and citizens of Thailand, but some giant IT companies have factories there such as Western Digital. We've all heard, seen or read about the recent hard disk drive pricing hikes the world over, with prices ballooning to sometimes over 50-percent (or more) and stock levels should be getting quite thin over the following weeks toward the holiday season.

Photos from the flooded Western Digital factory in Thailand 23 | TweakTown.com

Thanks to Bright Side of News, we have some pictures that show the epic flooding that has hit Thailand. The waters near the WD factory were between 1 and 1.4m deep (4-5 feet) and were an average of about 1m (4 feet) through most of the factory and its surroundings. As you can see in the above shot, the water isn't just in some parts, it's everywhere.

Photos from the flooded Western Digital factory in Thailand 24 | TweakTown.com

Continue reading: Photos from the flooded Western Digital factory in Thailand (full post)

Phil McKinney, CTO of HP's PC Unit, quits

Anthony Garreffa | Tue, Nov 1 2011 7:03 PM CDT

First, HP were killing off their PC unit, then they said they were keeping it, now the group's chief technology officer announced that he is leaving in a statement on his personal blog. December 31st will be his last day and his statement is below in its entirety.

Phil McKinney, CTO of HP's PC Unit, quits | TweakTown.com

Earlier today, I announced that I will be retiring from HP.

This is not the traditional retirement. I'm not planning on spending my days playing golf or sitting around the house driving my wife crazy. I have far too much passion, energy and ideas to sit on the sidelines.

Continue reading: Phil McKinney, CTO of HP's PC Unit, quits (full post)

Facebook set to build massive server farm 62 miles south of the Arctic Circle

Anthony Garreffa | Fri, Oct 28 2011 12:12 AM CDT

Facebook sometimes gets the cold shoulder when it comes to privacy and their mobile apps, but todays news is a little different. Facebook are set to build a massive server farm 62 miles south of the Arctic Circle in Lule, northern Sweden. The facility will include three 300,000 square feet server halls and it will be the first time that Facebook has built a data center outside of the US.

Facebook set to build massive server farm 62 miles south of the Arctic Circle | TweakTown.com

This is becoming a trend for American companies, with Microsoft looking to build a server farm in Siberia, but the deal never gelled together. Google on the other hand is currently building a similar data center in Hamima in southern Finland. Facebook chose Lule because of its cold climate, with server farms requiring massive amounts of cold air to keep the operating temperatures down. The average temperate in the area is around 2C (35.6F) and the temperature has not been above 30C (86F) for more than 24 hours since 1961.

Continue reading: Facebook set to build massive server farm 62 miles south of the Arctic Circle (full post)

Sony acquires Ericsson's share of Sony Ericsson

Anthony Garreffa | Thu, Oct 27 2011 8:12 PM CDT

Sony have just announced that Sony Ericsson will become a wholly-owned subsidiary of Sony and Sony is said to integrate Sony Ericsson into their broad platform of network-connected consumer electronics devices. The transaction also provides Sony with a broad IP cross-licensing agreement and ownership of five essential patent families. Payment wise, Ericsson will receive EUR $1.05 billion as a cash payment.

Sony acquires Ericsson's share of Sony Ericsson | TweakTown.com

The transaction gives Sony a new opportunity for their products, where tehy will rapidly integrate smartphones into its broad array of network-connected consumer electronics devices, including tablets, televisions and PCs - for the benefit of customers and the growth of its business.

Continue reading: Sony acquires Ericsson's share of Sony Ericsson (full post)

Apple by the numbers, has $81.5 billion in cash, 60,000 employees

Anthony Garreffa | Thu, Oct 27 2011 5:13 AM CDT

Apple today filed its Form 10-K with the SEC that discloses information to stockholders and the commission. It also allows sites like TweakTown to perve at some of the wallet-busting numbers included. Apple currently have $81,570,000,000 in cash, marketable securities and cash equivalents. What this means is Apple raked in $37.5 billion in cash profits in fiscal 2011. This is all in a time where they "missed" industry estimates.

Apple by the numbers, has $81.5 billion in cash, 60,000 employees | TweakTown.com

That is after Apple spent $2.4 billion on research and development in 2011, up from $1.8 billion for last year and $1.3 billion in 2009. Apple also forked out $4.3 billion for equipment, most likely for factory investments and the North Carolina-based data center. Apple also had purchases of $3.2 billion in 'intangible assets", which is most likely the $2.6 billion share of the Nortel patent purchase that it went in on with other companies, including Microsoft.

Continue reading: Apple by the numbers, has $81.5 billion in cash, 60,000 employees (full post)

PC gaming hardware market is said to remain strong well into 2014

Anthony Garreffa | Wed, Oct 26 2011 11:08 PM CDT

Jon Peddie Research says that the PC gaming hardware market will continue to grow at a rate of 11-percent from now until at least 2014. These figures are based on the fact that over 250 million game-capable PCs will ship in 2011 alone, compared to only 230 million PS3, Wii and Xbox 360 consoles (combined) have shipped since 2005.

PC gaming hardware market is said to remain strong well into 2014 | TweakTown.com

The PC gaming market will generate $19 billion in sales in 2011, with estimates that half a billion people regularly play PC games. New markets such as social networking and mobile gaming on tablets and smartphones are continuing the threaten the PC's gaming reputation, a phenomenon that senior gaming analyst Ted Pollack noted in his research.

We are starting to see mobile computers dig into the sales of low end PCs a bit. Consequently this has actually increased the average gaming purchase motivation for mainstream desktops and notebooks because some people with very low computing requirements have been taken out of the denominator, and the potential customer base for desktops and notebooks is more concentrated due to their superior performance in graphically intense applications.

Continue reading: PC gaming hardware market is said to remain strong well into 2014 (full post)

Anonymous to destroy Fox News on November 5

Anthony Garreffa | Wed, Oct 26 2011 10:14 PM CDT

For those of you in the know, you'd know that Mainstream Media is a mostly controlled medium. If they were to tell the real news, then most politicians, presidents, members of Congress and more, would all be thrown in jail. But, instead, the money from powerful people is used to gain control and influence within the power of politics. The same goes for news. This is where Anonymous steps in with something they're calling "Operation Fox Hunt".

Anonymous to destroy Fox News on November 5 | TweakTown.com

Anonymous promise an all-out attack on the Fox News website as retaliation for the network's unjust attack on protesters with the Occupy Wall Street movement. In the YouTube clip, the digitized voice says:

Since they will not stop ridiculing the occupiers, we will simply shut them down. Fox News, your time has come . . . Operation Fox Hunt. November 5th. May the hunt begin.

November 5 is already a day chosen by members of the Occupy Wall Street movement as a practical holiday, with "Operation Cashback" expected to occur on Nov. 5 across the world. Under Operation Cashback, demonstrators are asked to close bank across across the world, and move money out of large banks and into smaller, local credit unions. This has already happened in the US, with an attempt at closing accounts at a Lower Manhattan-based Citibank earlier this month which resulted in an arrest of several occupies.

Continue reading: Anonymous to destroy Fox News on November 5 (full post)

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