Business, Financial & Legal News - Page 420
AMD have just made a public announcement which reflects on their fiscal results for the quarter ending October 1st. Sales are said to have reached $1.33 billion with a net income of $134 million / $0.27 per share. This shows a sales increase of 9 percent compared to the previous quarter, and 32 percent when looking back to this time last year.
For full details head over to AMD's website, and if interested you can also grab their Q3 financial tables in PDF format folks.
AMD's outlook statements are based on current expectations and exclude ATI operations and ATI acquisition-related charges. The following statements are forward looking, and actual results could differ materially depending on market conditions and the factors set forth under "Cautionary Statement" below. AMD expects demand for its products to be seasonally strong in the fourth quarter and sales to increase sequentially.
DailyTech reported last week the Google was in talks to buy online video site YouTube. The site currently holds nearly 50% of the online video search market and serves as many as 100 million videos per day.
Today, Google confirmed all of the rumors and announced that it has agreed to snap up YouTube Inc. for 1.65 billion dollars in stock. With the purchase, however, comes YouTube's baggage which consists of issues with copyright infringement and numerous lawsuits. The company is currently embroiled in a rather nasty fight with Universal Music.
An announcement from ASUS today supports the release of their new P525 Quad-Band PDA mobile phone. This thing has *ALL* the mod cons incl. a 2MP digital camera, Wi-Fi support, business card recognition and much MUCH more.
Read all about it within ASUS's official PR here folks.
Sydney, Australia; 22 August 2006 - ASUSTeK Computer Inc. today introduces the P525 quad-band PDA phone to Australia, which incorporates Push E-mail, Wi-Fi support and built-in numeric keypad to deliver a complete mobile business solution. Users can now stay connected no matter where they are.
The PDA also features business card recognition that automatically converts and inputs data via the phones 2M-pixel digital camera, making it the ultimate business companion.
"Business Anywhere" is the design concept behind the P525, which aims to allow business professionals freedom from the confines of their office desks or even wireless hotspots.
The lads at PC Perspective bring to light an article discovered at Forbes.com which talks of the plausiblity behind an AMD and ATI merger.
If this news pertains to be true then we'll see one of the biggest sudden shifts in the IT Industry since... well... the dawn of the computing age! - OK, well maybe thats going a bit too far but this would be a massive jolt that many companies would feel the effects of.
Advanced Micro Devices may be looking to buy graphics company ATI Technologies, a move that would benefit the overall graphics industry, according to RBC Capital Markets.
"The synergies of this seem consistent with the recent announcements by AMD to significantly increase capacity over the next few-years," wrote analyst Apjit Walia in a note to investors Wednesday. "We believe ATI is a rare-buy in the semiconductor space right now given the near-term tie-up dynamics."
A new Quadro GPU from NVIDIA dubbed the "NVS 300M" has just recently been introduced, this to be found in select business notebooks such as the Toshiba Tecra A7 series.
For further info, you can find the press release here folks.
"The NVIDIA Quadro NVS graphics solutions are gaining acceptance as the graphics solution of choice in the business notebook lines of Toshiba and other top makers," said Jeff Fisher, Senior Vice President of the GPU Business Unit at NVIDIA. "New notebooks based on these graphics solutions will enable businesses to confidently deploy mobile solutions which are ready for emerging business needs such as Microsoft Windows Vista and high-definition video."
The new GPU, together with the previously announced NVIDIA Quadro NVS 110M graphics processing unit, are the current sole discrete graphics solution found in the Tecra business-class notebooks marketed by Toshiba Americas.
Mass hard drive manufacturer "Seagate" have made headlines today with word spreading of their big move to have purchased "Maxtor" (the third largest hard disk manufacturer in the world) for a smidgeon under 2 billion dollars.
All the details over at Hexus folks.
Following on from reports earlier this morning, Seagate and Maxtor have issued a joint press release confirming that Seagate will be acquiring Maxtor.
The all stock transaction will see Seagate acquire all of Maxtor, with Maxtor shareholders receiving .37 shares in Seagate for every Maxtor share they own. The $1.9bn transaction has been approved unanimously by the boards of both companies.
The two companies will continue to operate as individual entities until some time in the second half of 2006. Once the deal comes to a close the two companies will become a combined company.
ATI Technologies has confirmed that it will continue to offer its "Built By ATI" product range in both Canada and the USA, stating that an earlier news story to the contrary was incorrect.
More information @ X-bit Labs
Roxio has acquired Pressplay, America's premier online music service. As a result of this transaction, it has acquired a legal digital music distribution infrastructure and catalog rights with all five major music labels. Pressplay will serve as the foundation for the launch of Roxio's new legal on line music service under the Napster brand.
Going by the initial success of Apple's online music operation, there is clearly a market for a legal version of Napster.
More information @ Roxio
Now, a little birdie told me about a product announced today by some company called nVidia - What is it called? GeForce FX aka NV30... Ahh yes of course! That's the one! Shortly we'll have news up regarding this product and others as they are announced at Comdex Fall 2002 from Las Vegas throughout the week.
It is an exciting time to be involved in the industry, that's for sure!
More information @ Comdex Fall 2002
A great many eBay buyers and sellers use PayPal to complete their transactions, and have told us that they would like to have PayPal integrated into the eBay site. Within the next few weeks, that will begin to happen. In the first phase of integration you will see PayPal featured on the Sell Your Item and View Item pages. Further integration will happen over the coming months. Our goal is to make trading on eBay faster, safer and more convenient for buyers and sellers alike.More information @ eBay