Business, Financial & Legal News - Page 245

All the latest Business, Financial & Legal news as it relates to tech, gaming, and science - Page 245.

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EA says it's "Inevitable" that they'll become a 100% digital company

Anthony Garreffa | Jul 4, 2012 2:28 AM CDT

With the way the industry is going, a totally-digital approach just doesn't seem as crazy as it did 5, or 10 years ago. EA have been one of the first companies to come out and say it's "inevitable" that they will soon become a 100-percent digital company.

EA already make bundles of cash from the sale of digital content, with the company expecting to make nearly $2 billion from digital content this financial year. EA are already imagining a future where all of their money is made from digital content, and that future is sooner, rather than later. EA Labels boss, Frank Dibeau has told GamesIndustry International:

It's in the near future. It's coming. We have a clear line of sight on it and we're excited about it. Retail is a great channel for us. We have great relationships with our partners there. At the same time, the ultimate relationship is the connection that we have with the gamer. If the gamer wants to get the game through a digital download and that's the best way for them to get it, that's what we're going to do.

Continue reading: EA says it's "Inevitable" that they'll become a 100% digital company (full post)

Google to push out software update to Nexus 'immediately', Samsung and Google to avoid infringing on Apple patent

Anthony Garreffa | Jul 4, 2012 12:53 AM CDT

Google's Nexus smartphone may have been banned from selling in the U.S., but don't think that Google are going to sit around just googling a solution to this problem. Samsung and Google look to have a software patch that they believe avoids infringing on Apple's patent that led them to the injunction in the first place. This update is said to be pushed out 'immediately', according to Google.

U.S. District Judge Lucy Koh ruled late last week that the GALAXY Nexus had infringed on four Apple patents, but the injunction was issued based specifically on a patent related to universal search. Google and Samsung will most likely challenge the validity of the patent, where they will seek a re-examination by the US Patent and Trademark Office.

If you have a GALAXY Nexus and see the patch - do let us know by commenting on this story, e-mailing us, or posting on our Facebook wall.

Continue reading: Google to push out software update to Nexus 'immediately', Samsung and Google to avoid infringing on Apple patent (full post)

Judge rules public Twitter posts can be used against you in court and accessed without a search warrant

Trace Hagan | Jul 3, 2012 10:27 AM CDT

In a ruling sure to have far-reaching consequences for how online speech is treated under the law, Manhattan Criminal Court Judge Sciarrino said that public Tweets do not have the same protection as private speech. In other words, what you say online publicly, i.e. Facebook update, Tweet, or otherwise, can be accessed and used against you in court sans a search warrant.

"The Constitution gives you the right to post, but as numerous people have learned, there are still consequences for your public posts," wrote Sciarrino in his ruling. "What you give to the public belongs to the public. What you keep to yourself belongs only to you."

A little back story: Harris, the person directly affected by this ruling, was arrested during the Occupy Wall Street protests when he, along with many others, walked down the roadway of the Brooklyn Bridge as opposed to the sidewalk. Before this march, he had deleted several Tweets that prosecutors believe contain evidence that directly contradicts one of his defenses.

Continue reading: Judge rules public Twitter posts can be used against you in court and accessed without a search warrant (full post)

Google contributed to the US economy in 2011 with big numbers, $80 billion of them

Anthony Garreffa | Jul 2, 2012 11:26 PM CDT

Google's Vice President of Americas Sales, Margo Georgiadis, took to the company's blog to say that the Internet is where business is done and jobs are created. How do you back up such as claim? Well, if you're Google, you can provide $80 billion of economic activity directly to advertisers, website publishers and nonprofit organizations across the US in 2011.

The post highlight that 97-percent of Americans use Internet search to find local goods and services, on both smart devices and computers. Some believe that technology is driving people to shop online versus locally, this isn't always the case.

Boston Consulting Group shows that US citizens who have researched products online throughout 2011 actually went in-store to purchase these goods, and spent around $2,000, rather than online. Google says that's nearly $500 billion in revenue that was spent on local retail. Georgiadis cites a bunch of examples of just how Google and the Internet are helping businesses expand. Citing New England baking company King Arthur Flour, who recently jumped online and has since become an internationally-renowned business.

Continue reading: Google contributed to the US economy in 2011 with big numbers, $80 billion of them (full post)

Samsung, Google team up to take on Apple in the court room

Anthony Garreffa | Jul 2, 2012 2:26 AM CDT

We know that the legal problems between Samsung and Apple are getting more and more serious, with bans imposed on Samsung selling their GALAXY Tab 10.1 in the US, and on Friday the GALAXY Nexus was also denied from sale. The judge in both of these cases is US District Judge Lucy Koh in San Jose, California.

The Korea Times has reported, which Samsung later confirmed, for the first time that they are now getting help from Google in order to better defend themselves over patents. Samsung spokeswoman Lim Yoon-jeong has said that the two companies have been working closely to created a united front. Another undisclosed Samsung insider has been quoted in the article, where they say:

It's too early to comment on our game plan (with Google) in the legal battle; but we will do our best to get more royalties from Apple, which has benefited from our technology. The fight is becoming more dramatic and the possibility of a truce in the form of a cross-licensing deal seems to be becoming likely.

Continue reading: Samsung, Google team up to take on Apple in the court room (full post)

RIM announces Q1 earnings, is hit with a $518 million loss, 5,000 job cuts and BB10 gets delayed until 2013

Anthony Garreffa | Jun 29, 2012 3:18 AM CDT

Every single time I write something about Research in Motion lately, it is negative. Today is no different, but it's actually a little worse than usual. RIM have released their report on the first quarter of its 2013 fiscal year, and the numbers aren't pretty.

RIM reports $2.8 billion in revenue, down 33-percent from the previous quarter, but the net loss is the biggest number here: $518 million. This number is much worse than what analysts were expecting. RIM have also announced they are cutting an additional 5,000 jobs as part of its ongoing restructuring efforts, and that BlackBerry 10 smartphones won't launch until Q1 of 2013.

The reason behind the delay of BB10 handsets? RIM have attributed the delay to the integration of some key BlackBerry 10 features and the "associated large volume of code" has "proven to be more time consuming than anticipated". Personally, I don't think they're going to have it any better until BB10, and if I have to be critical, even post-BB10 is not looking good for Research in Motion.

Continue reading: RIM announces Q1 earnings, is hit with a $518 million loss, 5,000 job cuts and BB10 gets delayed until 2013 (full post)

Microsoft acquires Yammer for $1.2 billion

Anthony Garreffa | Jun 26, 2012 4:47 AM CDT

Yammer is just four years old, but they've just been scooped up by Microsoft for a tidy $1.2 billion. Yammer has been dubbed "Facebook for the workplace" and is the latest in many steps for Microsoft's bid to shield their Office products from Google's constant challenges.

Yammer claims to have more than 5 million corporate users with companies such as Ford, Shell, Deloitte and eBay. Just twelve months ago Microsoft whipped out their acquisition credit card on Skype and paid $8.5 billion for the video-calling firm, so Microsoft are not shy, nor poor.

Yammer was started back in 2008 by PalPal founder David Sacks, where they raised around $142 million in funding since they began, it was backed by PayPal co-founder Peter Thiel, who also invested in Facebook. Sacks said:

Continue reading: Microsoft acquires Yammer for $1.2 billion (full post)

Megaupload founder Kim Dotcom announces a new music streaming service

Anthony Garreffa | Jun 25, 2012 5:10 AM CDT

Founder of Megaupload, Kim Dotcom, has just announced through his new Twitter account "Megabox". Megabox is destined to become a new music discovery and sharing service, and is being worked on all while he's still under arrest.

Dotcom has said that Megabox would compete with platforms such as Spotify, and would let artists keep almost 90-percent of the profits made from their music. It's a pretty big change, going from Megaupload, being put under house arrest, and announcing a Spotify-like music service.

Just before the Megabox tweet, Dotcom uploaded a photo of himself and Apple founder Steve Wozniak, who visited Dotcom in New Zealand. Wozniak is a supporter of the Electronic Frontier Foundation (EFF), who are suing the Federal Bureau of Investigation over the files on Megaupload's servers, where the EFF argues that the site's users have a right to access.

Continue reading: Megaupload founder Kim Dotcom announces a new music streaming service (full post)

Chinese government, along with Huawei and ZTE are being investigated, could pose a national security threat

Anthony Garreffa | Jun 25, 2012 4:11 AM CDT

The US House of Representatives' Intelligence Committee is looking into the relationship between the Chinese government and Huawei, as well as ZTE, both Chinese telecom manufacturers. Mike Rogers, Committee chairman has said that he believes its necessary to look into whether or not the two manufacturers are receiving unfair subsidies from the Chinese government, and whether hardware from the two companies could represent a national security threat.

Later this summer the committee is expected to release a report where there'll be two versions: a classified version and an unclassified version. The report is expected to address both trade practices and security concerns in regards to Huawei and ZTE.

The report might sway US companies from buying the Huawei or ZTE goods, considering the national security aspect of things. The Intelligence Committee has been running an investigation looking into the two manufacturers and their Chinese government ties. Critics allege that the two companies receive cheap loans, land and other subsidies from the Chinese government which allow the companies to make wares cheap, and dump them on foreign markets at prices below their competitors can afford.

Continue reading: Chinese government, along with Huawei and ZTE are being investigated, could pose a national security threat (full post)

GameFounders opens it wallets, bank accounts to European Game Startups

Anthony Garreffa | Jun 22, 2012 4:11 AM CDT

Estonia-based company, GameFounders, has just opened their wallets and hearts to European Game Startups. GameFounders says that they are the first European accelerator to focus solely on game developers. They're offering an investment of 15,000 euros in exchange for 9-percent of the company.

You don't need to have an already-formed company, as long as your team is willing to incorporate after it joins GameFounders. The accelerator program is open to any form of game, as long as it has already launched, even if the game is in its beta stage. The website does note that "it is more likely at the moment for mobile games to get investments".

The best thing about it? It's not limited to Estonian companies:

Continue reading: GameFounders opens it wallets, bank accounts to European Game Startups (full post)