Business, Financial & Legal News - Page 249

All the latest Business, Financial & Legal news as it relates to tech, gaming, and science - Page 249.

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AOL enjoys $531 million revenue for Q2, has been its lowest revenue decline in 7 years

Anthony Garreffa | Jul 26, 2012 12:31 AM CDT

AOL reported their Q2 earnings report, seeing revenues of $531 million. This makes it AOL's lowest total revenue decline in seven years, with a 2-percent year-on-year decrease.

AOL's legacy income, such as mobile carrier revenues and subscriptions continued to fall, but it was offset by growth in international display advertising and third-party network revenues. Operating income was boosted by the $96 million AOL made from licensing patents to Microsoft.

But, AOL have insisted that its EIBDA grew regardless of this deal with Microsoft, saying that "excluding those items, the remaining Q2 2012 Adjusted OIBDA of $94.6 million reflects an increase of $18 million year-over-year." AOL chairman and CEO, Tim Armstrong said:

Continue reading: AOL enjoys $531 million revenue for Q2, has been its lowest revenue decline in 7 years (full post)

Zynga fails to meet analyst estimates for Q2, sees $332 million in revenue, lowered outlook

Anthony Garreffa | Jul 25, 2012 7:46 PM CDT

Zynga didn't have high estimates from analysts, but the company didn't even meet those. The company releases their Q2 earnings report, which showed revenue of $332 million, and lost $22.8 million, or 3 cents per share. Analysts predicted Zynga would pull in 5 cents per share on revenue of $344 million.

Zynga have said they have 72 million daily active users, up from 59 million in the previous quarter, and 306 million monthly active users, up from 228 million. Bookings on the other hand, were $302 million, up 12-percent from the same time last year, but a sequential decline of around 9-percent from the previous quarter.

The company has now lowered its outlook going into the rest of 2012 based on delays in launching new games, a faster decline in existing web games due in part to a more challenging environment on the Facebook web platform, and reduced expectations for Draw Something." Zynga are projecting $1.15 billion to $1.225 billion in bookings for the remainder of 2012.

Continue reading: Zynga fails to meet analyst estimates for Q2, sees $332 million in revenue, lowered outlook (full post)

Sony offering PlayStation scholarships

Trace Hagan | Jul 25, 2012 11:49 AM CDT

Birmingham City University students, get ready. Sony Computer Entertainment Europe has once again teamed up with that university to offer the chance to students to win a scholarship. The scholarship, if won, will see the student having half of the fees paid to attend the Gamer Camp Pro, which is a master's degree program with a gaming focus.

Furthermore, the students will then get a six-month placement in one of Sony's UK development studios. They'll even be paid for that, too! In order to have a chance to win, students must be signed up for Gamer Camp by August 9 and be automatically entered. The cheaper Nano version will work. Winners will be selected by interview from the initial pool of perspective candidates.

"We are delighted to offer PlayStation Academic Scholarships in partnership with Gamer Camp: Pro for the second year running." said SCEE's Dr. Maria Stukoff. "It's a great opportunity for the next generation of British videogame talent to acquire professional development skills before they embark into a competitive industry."

Continue reading: Sony offering PlayStation scholarships (full post)

ARM reports Q2 earnings, enjoys a nice profit, and currently has 'record order backlog'

Anthony Garreffa | Jul 25, 2012 6:25 AM CDT

ARM Holdings, who supplies microchips to Apple for their iPhone and iPads, Samsung's Galaxy line of smart devices, and now Microsoft's Windows 8 devices, has reported strong earnings for Q2.

The company had reported $213 million in earnings, which beat analysts' estimates of $206 million. Net profits was up 48-percent to $61.2 million, compared to $41.3 million this time last year. Next quarter's profits should be even better, as the company has said they have a "record order backlog", but have warned that macroeconomic uncertainties may impact what happens in Q4.

ARM noted in a statement that "Macroeconomic uncertainty may impact consumer confidence, and some analysts have become less confident in the semiconductor industry outlook in the second half". ARM did note that they expect overall revenues for 2012 to be in line with market expectations. They are heading for full-year revenues of $860 million.

Continue reading: ARM reports Q2 earnings, enjoys a nice profit, and currently has 'record order backlog' (full post)

Apple Q3 2012: 26M iPhones, 17M iPads, 4M Macs, and 6.8M iPods

Trace Hagan | Jul 24, 2012 4:04 PM CDT

Apple has reported its third quarter earnings and sales numbers and they are pretty darn promising. In the last three months, Apple managed to push a large number of iDevices. The iPad fared the best with 17 million units sold, up from 11.8 million last quarter. The iPhone didn't do as well, but still managed an impressive 26 million.

The iPhone's 26 million was down from last quarters 35.1 million, but was up 28% from last year's Q3 numbers. These numbers confirm analysts expectations that the iPhone would see a decline while the iPad would see significant growth. The decrease in iPhone sales is a bit troublesome for the company as that is where the majority of their revenue and profit are.

The iPad managed an impressive 83% increase year-over-year and a 44% increase over the second quarter. iPod sales were down again and it appears to be quickly becoming a niche product as more and more users snap up smartphones and use them as an MP3 player. With 6.8 million sales, it most likely is still the most popular MP3/MP4 player on the market.

Continue reading: Apple Q3 2012: 26M iPhones, 17M iPads, 4M Macs, and 6.8M iPods (full post)

AMD's gaming executive leaves, joins NVIDIA - he was the man behind AMD's home-run of having tech in all three next-gen consoles

Anthony Garreffa | Jul 23, 2012 7:27 PM CDT

All three next-gen consoles: Nintendo's Wii U, Microsoft's Xbox Next/720 (or whatever they end up calling it) and Sony's PlayStation 4 will all sport AMD GPUs, CPUs or APUs, or a mixture. This is thanks to Bob Feldstein, who up until just recently worked for AMD.

Feldstein has just changed his flag colors, from red, to green. He's joined the ranks of NVIDIA as their vice president of technology licensing at NVIDIA. His position at AMD was as their corporate vice president of business development, as well as leading the company's Botson Design Center, which focused on design engineering for various AMD chips.

Feldstein's work has been said to be instrumental in helping AMD grow into new markets, especially with their tech being in the three next-gen consoles. This means that Feldstein and his work has been a big reason as to how AMD won big contracts away from NVIDIA. NVIDIA spokesman Bob Sherbin said in a statement that Feldstein is "an experienced technology licensing person" and that NVIDIA hired him "to help us think through current and possible future technology licensing projects".

Continue reading: AMD's gaming executive leaves, joins NVIDIA - he was the man behind AMD's home-run of having tech in all three next-gen consoles (full post)

Apple CEO Tim Cook meets with Samsung execs to discuss patent war

Anthony Garreffa | Jul 20, 2012 2:21 AM CDT

US District Judge Lucy Koh of the Northern District of California ordered Apple CEO Tim Cook, as well as the top-ranking Samsung executives Choi Gee-sung and Shin Jong-kyun on July 16, where they met in the US to discuss putting an end to the on-going patent lawsuits that are being fought across the world.

The US jury trial was scheduled for July 30, but The Korea Times reports that the two technology leaders met early. This is the second time in two months that they've met, with Samsung Electronics' COO Lee Jay-yong also reported to have scheduled talks with Cook while the Apple CEO was attending the Sun Valley Media Conference between July 10 to July 14.

Where it gets more interesting, is that an 'unnamed Samsung official' told the Korean news website that Samsung placed an added importance on the meeting as they were "very important business partners", in which they very much are. This is thanks to large orders for processors, LCDs and memory components that are using in Apple's iDevices. Samsung provided a whopping $7.8 billion in parts for Apple devices in 2012, meaning that Apple is Samsung's largest customer.

Continue reading: Apple CEO Tim Cook meets with Samsung execs to discuss patent war (full post)

Apple has to publish notice on their website, and magazines, that Samsung didn't copy iPad in the U.K.

Anthony Garreffa | Jul 19, 2012 4:28 AM CDT

We all know the on-going patent war between Samsung and Apple is keeping the entire industry talking, but this latest news is just icing on the cake for Samsung. Apple has been ordered by a judge to publish a notice on its U.K.-based website, as well as British newspapers notifying people that the ruling stated that Samsung didn't copy iPad designs.

This notice is said to outline the July 9 London court decision that Samsung's Galaxy tablets didn't infringe on Apple's registered iPad designs, Just Colin Birss said yesterday. Birss added that this notice should be posted on Apple's U.K. homepage for six months, as well as having it published in several newspapers and magazines to correct any impression that Samsung copied Apple's iPad. Richard Hacon, a lawyer for Apple told the court that this order means Apple will have to publish "an advertisement" for Samsung, and that "no company likes to refer to a rival on its website".

If anyone sees an advertisement or notice in a British newspaper, please do drop us an e-mail!

Continue reading: Apple has to publish notice on their website, and magazines, that Samsung didn't copy iPad in the U.K. (full post)

Yahoo has a good Q2, sees revenues of $1.22 billion

Anthony Garreffa | Jul 18, 2012 9:31 PM CDT

Yahoo announced their second quarter financial performance yesterday, with the search giant enjoying revenues of $1.22 billion in the quarter, with diluted earnings of $0.27 per share. After all factors considered, revenue sat at $1.1 billion.

GAAP diluted earnings per share were $0.18 for the quarter, not moving from the previous year. Yahoo saw revenues of $461 million from search, with this number being 1-percent down year-over-year. GAAP display ad revenue was up 2-percent year-over-year. Yahoo made a splash across headlines earlier this week, announcing Google exec Marissa Mayer would be taking over as CEO. Yahoo listed Mayers move as its first 'business highlight'.

Even though the news of Mayer joining the company, it had little effect on Yahoo stock, which rose around 2-percent in after hours trading following the announcement. The following is Yahoo's overview of their quarter:

Continue reading: Yahoo has a good Q2, sees revenues of $1.22 billion (full post)

LG Display workers get charged over Samsung OLED technology theft

Anthony Garreffa | Jul 18, 2012 3:21 AM CDT

LG Display Co., the world's second-largest flat-panel maker has had six naughty employees charged over the theft of technology from Samsung Mobile Display Co. The six employees of LG leaked, or stole Samsung Mobile's OLED technology and business secrets.

This is all according to an indictment filed with Suwon District Court in South Korea. Two of the six accused include two former Samsung Mobile employees. Samsung Mobile have requested that LG Display formally apologize, as well as take the necessary steps to prevent reoccurrence. LG Display also merged with Samsung Display Co. this month.

In an e-mail sent out yesterday, Samsung Display Co. said that LG Display systematically took Samsung's OLED technology, and core staff to overcome its own shortcomings. LG said in a separate e-mail that the information obtained is widely known in the industry and isn't considered a trade secret. LG Display are also taking legal action against Samsung Display, a unit of Samsung Electronics Co. for defamation.

Continue reading: LG Display workers get charged over Samsung OLED technology theft (full post)