Business, Financial & Legal - Page 283

It's a tough economy out there still, and it's hitting some companies harder than others. Nintendo, for the first time ever, posted a loss. Now Sony has reported its fiscal year 2012 results and the picture is bleak. Sony lost a record $5.55 billion as revenue fell 9.6% to $79.2 billion. This earns fiscal year 2012 the title of being Sony's worst year ever.

Sony is doing its best to remain strong through these tough times saying that the losses are mostly due to unforeseen circumstances. These unforeseen events would include a strong yen, an earthquake in Japan, and floods in Thailand. Not every sector of Sony lost money, but a few were hit extremely hard.

The company's Consumer Products & Services division is one of those that was hit hard. In 2011, they division posted a small profit, but this year sales were down 18.5% to $38.3 billion. This created a massive $2.8 billion loss for the company. None of this surprises shareholders, however, as Sony has posted difficult quarters during the year.

BlackBerry maker, Research in Motion (RIM) yesterday hired two new senior executives, with one of them taking the post of marketing chief as RIM hopes to regain market share that they lost to Apple's iPhone, and the various handsets that rock Google's Android OS.

RIM only recently announces losses mounting $125 million, as they battle declining smartphone sales. Compared to Q4 2011 where the company made a hefty $934 million profit, a drop to $125 million in losses is a stark change. At that time, RIM had just announced a management shakeup where we saw 20-year veteran Jim Baisillie step down from the board, as well as the CTO and COO for global operations leaving.

Who's the new chief marketing officer? Frank Boulben, who CEO Thorsten Heins describes as a critically important decision. Boulben leaves his previous position at LightSquared, where he was the executive vice president for strategy and marketing, with that company also struggling since Sprint left their partnership with the company after US regulators killed off plans it had for a nationwide broadband network.

One can see the similarities between HP's metal unibody-based Envy Spectre XT ultrathin, to Apple's MacBook Air. Firstly, HP's Spectre XT is the new flagship model of HP's just-announced Envy ultrathin lineup, which was born from VoodooPC's Envy laptops, which launched in June of 2008.

The VoodooPC Envy was one of the first non-Apple ultrathins to arrive on the market mere months after the launch of the MacBook Air from Apple. While the Voodoo Envy didn't look that much like the MacBook Air, HP's line-up of ultrathin's have slowly been sliding into the MacBook Air's skin since release.

The latest release was enough for HP's vice president of industrial design, Stacy Wolff, to go on the defensive. He told Engadget:

Want a GEFORCE GTX 680? Well, line up behind the eleventy million other people who want one, but things are set to change. The relationship between NVIDIA and its principal foundry partner, TSMC, has been rocky for quite sometime now. Team Green were also not happy with TSMC's 28nm manufacturing capacity, but then give them praise in other areas.

NVIDIA have threatened to break up with TSMC find another foundry partner for bulk manufacturing, with reports pointing to Samsung preparing qualification samples for it, TSMC had a change of heart and have promised NVIDIA a priority over their other clients such as Qualcomm and AMD for the manufacturing of their 28nm chips.

NVIDIA were not quiet on being unhappy with TSMC's output, and its new policy of charging for wafers rather than working chips yielded, NVIDIA refuted rumors of it seeking other foundry partners such as Global Foundaries and Samsung. Now NVIDIA are on high-priority, TSMC will make sure to see a speedy launch of new NVIDIA GEFORCE SKUs toward the end of Q2, 2012. TSMC in the past have given other companies priority, such as when Qualcomm threatened to switch allocations to other foundries.

I will work off the assumption that all of my readers are on the up and up and don't pirate music and videos. Yes, I have high standards for my readers, but it's for the best. Since none of us pirate music or movies, it always annoys me to see the anti-piracy fear campaign before the start of a movie. Apparently it wasn't enough, though, because two new propaganda slides are being added.

The one above is the traditional fear-based warning. It offers the standard "you could be fined or go to jail if you download this movie illegally" routine. Of course, a $250,000 fine and 5 years in jail is a bit excessive and scary, but at the same time, I don't pirate, so I don't want to see the warning! This one has been brought to you courtesy of the FBI and the HSI.

It reads "The unauthorized reproduction or distribution of this copyrighted work is illegal. Criminal copyright infringement is investigated by federal law enforcement agencies and is punishable by up to 5 years in prison and a fine of $250,000."

In EA's earning call, it was made clear that the company intends to compete in the next-gen console market and is planning to invest $80 million in next-gen game consoles. This $80 million is only over the fiscal year 2013, so likely most of this money will go towards WiiU games as the WiiU is rumored to release around Christmas this year.

"We intend to invest $80 million in gen-4 console development in fiscal 2013," said EA CEO John Riccitiello in his prepared remarks. "We are strong believers that console will return to strong growth, representing great opportunity, one that is in lockstep with our digital plan."

This commitment comes at a time when EA saw, and is predicting, a decline in packaged good sales. At the same time, however, they are expecting to see an increase of 40% in digital revenue for the year. Of course, $80 million wouldn't even cover the development costs of one top AAA title, so it's unclear exactly how many titles will be coming from this investment.

In what I can only call a hilarious turn of events, two of Romania's most renowned fortune-tellers have been accused of using Google, rather than the spirits, to con clients into doing some outlandish things and forking over cash for the services. One client was encouraged to throw her money into a lake to rid herself of her troubles.

With the internet around, it's so much easier for people to collect information on other people. As such, it was just a matter of time before a fortune-teller put it to use. The fortune-tellers are accused of using their Wi-Fi connections to Google clients and their loved ones. I guess that sort of counts, since after all, Wi-Fi is kind of magical.

But, their misdeeds didn't stop there. According to the allegations, the fortune-tellers trawled their clients' social networks and even used electronic surveillance equipment on those who would pay large sums of money. In a bit of irony, these fortune-tellers couldn't foresee their future in that the prosecutor they tried to bribe was also under electronic surveillance.

Lenovo are planning big investments in China over the next 18 or so months, where they'll be investing $800 million in a new mobile products plant in Wuhan, one of the largest cities in China. The Lenovo Industrial Base will cover research & development, production and sales of smartphones and tablets, with a target opening date of October 2013.

The new plant will service both local and global markets, and is expected to generate around $1.5 billion in revenue by 2014, and the company are hoping to hit $8 billion within five years. Job creation numbers are great, with around 10,000 jobs created over the coming years thanks to the new Wuhan facility.

Lenovo are wanting to grab more mobile market share, and this move will surely help them do so. Lenovo have said in their press release that they are already a top-three smartphone maker in China. Lenovo's K800 smartphone was one of the first devices to feature Intel's Medfield-based processor, which should be the start of something new for Lenovo. On top of this, they're preparing the IdeaTab S2109 with an unspecified processor, a 9.7-inch display, and 1GB of RAM.

Minnesota Senator Al Franken believes that Comcast is breaking its net neutrality agreement that it had to sign to gain approval to merge with NBC Universal. The fear that Franken has resides in the fact that Comcast will not count any direct-to-Xbox streaming against customers' 250GB monthly data cap.

Obviously, Netflix and other internet video providers are upset by this and see it as unfair. They believe it gives Comcast's service an unfair advantage to their own services and that it violates the Net neutrality rules that they had to sign to. These rules prohibit broadband providers from favoring their own content on the open internet over that of their competitors.

But of course, Comcast believes that they are complying and actually exceeding the requirements:

Ah, yes, that legal battle between Oracle and Google is still going on. In fact, it's only in its first stages. The copyright phase of the trial ended Friday with the jury stating they couldn't reach a unanimous decision on one of the four questions it needed to. Judge Alsup told the jurors to think about it over the weekend.

Unfortunately, this did not help as the jury as it told the court that an "impasse has been reached." The jury then turned in its partial verdict on the three questions that they were able to agree upon. The jury has found that Google did in fact infringe on Oracle's copyrights by copying the structure, sequence, and organization of the code.

They were unable to decide if this use would be covered by fair use. The jury found that Google had not unfairly taken from the documentation associated with the 37 APIs. The jury found Google guilty of infringing by actually copying some specific code from the Java programming language. They were only found guilty on one of the three they were charged with.