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Posts Tagged ‘Inc’

AMD Hires Bank To Explore Sale Options

November 13th, 2012 11:02 admin View Comments

AMD

Dainsanefh tips this report from Reuters: “Advanced Micro Devices has hired JPMorgan Chase & Co to explore options, which could include a potential sale, as the chipmaker struggles to find a role in an industry increasingly focused on mobile and away from traditional PCs, according to three sources familiar with the situation. … Some investors believe part or all of AMD could be bought by a technology company that might want to emulate Apple Inc’s tight control of software and components, a strategy credited in part for the success of the iPad and iPhone. Microsoft Corp, Google Inc, Samsung Electronics, Intel Corp and even Facebook Inc have been suggested by Wall Street analysts as potential suitors that could benefit from some of AMD’s chip business, including its graphics division, PC processors and server chips. Others say AMD’s most valuable asset may be its deep bench of engineers or its patents.”

Source: AMD Hires Bank To Explore Sale Options

Nabi Tablet-Maker, Fuhu Inc., Suing Toys R Us

September 25th, 2012 09:40 admin View Comments

Android

Penurious Penguin writes “Fuhu Inc., maker of the $199 children-tailored Nabi tablet, is suing Toys R Us. The lawsuit arises after a legal agreement (ended in January) between Fuhu and Toys R Us went awry and Toys R Us released a similar product of their own, the $150 Tabeo. The dispute alleges that Toys R Us may have intended from inception to eventually abandon the Nabi for their own future variation, the Tabeo, presumably after gathering sufficient understanding of Fuhu’s design concepts and business strategies. The ZDNet article quite thoroughly covering the story notes some of the formidable investors behind Fuhu, including Acer Inc., Kingston Digital, and Foxconn Digital Inc. Fuhu also sells through retail stores such as WalMart, Target, Best Buy, GameStop and Amazon.com.Another more-recent ZDNet article further analyzes the story.”

Source: Nabi Tablet-Maker, Fuhu Inc., Suing Toys R Us

Judge Approves Settlement In eBook Price-Fixing Case

September 7th, 2012 09:13 admin View Comments

Books

An anonymous reader writes “On Thursday a U.S. District Judge approved a settlement between the Department of Justice and three publishers accused to colluding to inflate ebook prices (order). ‘The Justice Department had accused Apple and five publishers in April of illegally colluding on prices as part of an effort to fight internet retailer Amazon.com Inc’s dominance of e-books. The publishers who agreed to settle are News Corp’s HarperCollins Publishers Inc, CBS Corp’s Simon & Schuster Inc and Lagardere SCA’s Hachette Book Group. Apple; Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH; and Pearson Plc’s Penguin Group have vowed to fight the Justice Department’s lawsuit with a trial due to start on June 3 next year.’ The decision came after a lengthy period of public comment. According to the AP, ‘The ruling released Thursday cast aside the strident objections of Apple, other book publishers, book sellers and authors who argued the settlement will empower Internet retailing giant Amazon.com Inc. to destroy the “literary ecosystem” with rampant discounting that most competitors can’t afford to match. Those worries were repeatedly raised in court filings about the settlement. More than 90 percent of the 868 public comments about the settlement opposed the agreement.’”

Source: Judge Approves Settlement In eBook Price-Fixing Case

PC Makers In Desperate Need of a Reboot

August 27th, 2012 08:50 admin View Comments

HP

nmpost writes in with a story about how hard it is to be a successful PC company in today’s world. “Hewlett-Packard Co. used to be known as a place where innovative thinkers flocked to work on great ideas that opened new frontiers in technology. These days, HP is looking behind the times. Coming off a five-year stretch of miscalculations, HP is in such desperate need of a reboot that many investors have written off its chances of a comeback. Consider this: Since Apple Inc. shifted the direction of computing with the release of the iPhone in June 2007, HP’s market value has plunged by 60 percent to $35 billion. During that time, HP has spent more than $40 billion on dozens of acquisitions that have largely turned out to be duds so far. HP might have been unchallenged for the ignominious title as technology’s most troubled company if not for one its biggest rivals, Dell Inc. Like HP, Dell missed the trends that have turned selling PCs into one of technology’s least profitable and slowest growing niches. As a result, Dell’s market value has also plummeted by 60 percent, to about $20 billion, since the iPhone’s release.”

Source: PC Makers In Desperate Need of a Reboot

Time Inc. Signs Magazine Deal With Apple

June 14th, 2012 06:56 admin View Comments

The Media

redletterdave writes “Time Inc., the largest magazine publisher in the U.S., has decided to embrace digital distribution. On Thursday, Time Inc. announced that it will make all of its magazines available over the Newsstand application built by Apple. The agreement was confirmed by Time Inc. CEO Laura Lang and Apple’s senior VP of Internet software development Eddy Cue. The two company executives agreed to allow Apple Newsstand users to subscribe to more than 20 magazines owned by Time Inc., including Sports Illustrated, People, and Entertainment Weekly.”

Source: Time Inc. Signs Magazine Deal With Apple

Online Music Storage Firm MP3tunes Files For Bankruptcy

May 11th, 2012 05:38 admin View Comments

Businesses

fishmike writes “Online music storage firm MP3tunes, Inc filed for bankruptcy in a U.S. court, following its prolonged run-in with music publishing giant EMI Group over copyright issues, court filings showed. MP3tunes is a so-called cloud music service that lets users store music in online ‘lockers.’ Amazon.com Inc, Apple Inc and Google Inc have similar cloud services.”

Source: Online Music Storage Firm MP3tunes Files For Bankruptcy

Canadian Media Companies Target CBC’s Free Music Site

April 16th, 2012 04:10 admin View Comments

Canada

silentbrad writes, with bits and pieces from the Globe and Mail: “A number of Canadian media companies have joined forces to try to shut down a free music website recently launched by the Canadian Broadcasting Corp., claiming it threatens to ruin the music business for all of them. The group, which includes Quebecor Inc., Stingray Digital, Cogeco Cable Inc., the Jim Pattison Group and Golden West Radio, believes that CBCmusic.ca will siphon away listeners from their own services, including private radio stations and competing websites that sell streaming music for a fee. The coalition is expected to expand soon to include Rogers Communications Inc. and Corus Entertainment Inc., two of the largest owners of radio stations in Canada. It intends to file a formal complaint with the CRTC, arguing that the broadcaster has no right under its mandate to compete with the private broadcasters in the online music space. … ‘The only music that you can hear for free is when the birds sing,’ said Stingray CEO Eric Boyko, whose company runs the Galaxie music app that charges users $4.99 a month for unlimited listening. ‘There is a cost to everything, yet CBC does not seem to think that is true.’ … The companies argue they must charge customers to offset royalty costs which are triggered every time a song is played, while the CBC gets around the pay-per-click problem because it is considered a non-profit corporation. … Media executives aren’t the only ones who have expressed concern. When the CBC service was launched in February, the Society of Composers, Authors and Music Publishers said that when it set a flat fees for the more than 100,000 music publishers it represents, it never envisioned a constant stream of free music flooding the Internet.”

Source: Canadian Media Companies Target CBC’s Free Music Site

Activision Blizzard Sued For Patent Infringement Over WoW, CoD

April 13th, 2012 04:39 admin View Comments

Patents

New submitter thunderdanp writes with news that a company called Worlds Inc. has filed a patent suit against Activision Blizzard, targeting World of Warcraft and the Call of Duty series. The patents in question describe a “System and Method for Enabling Users to Interact in a Virtual Space.” Worlds Inc. is quite glad that “their” technology has “helped the businesses of virtual worlds gaming and the sale of virtual goods to grow into a multibillion-dollar industry” — but now they want a cut.

Source: Activision Blizzard Sued For Patent Infringement Over WoW, CoD

Best Buy Closing 50 Stores

March 30th, 2012 03:05 admin View Comments

Businesses

An anonymous reader tips news that electronics retailer Best Buy will be closing 50 of its big-box stores across the U.S. this year, and laying off hundreds of corporate workers besides. The company plans to start testing new types of outlets as it tries to adapt to the changing face of retail sales. From the article: “Best Buy shares were off 7.7% at $24.56 on Thursday afternoon on the New York Stock Exchange. Also Thursday, Best Buy reported a $1.7 billion loss for its fourth quarter ended March 3. … Consumers armed with mobile phones are increasingly using stores as showrooms to check out merchandise they later purchase for less online, a trend greatly benefiting Internet retailers such as Amazon.com Inc. that aren’t encumbered by the costs of running physical locations and in many cases don’t have to collect sales tax. Meanwhile Apple Inc.’s phones and tablets, showcased in its own namesake stores, have eroded the status of specialty chains as the one-stop shop for the latest in gadgetry. In response, Best Buy said it will launch large-scale tests of what it calls new “connected store” formats in the Twin Cities of Minneapolis and St. Paul, Minn., as well as San Antonio. The stores, which will emphasize services such as technology support and wireless connections, will feature large new hubs at their center to assist shoppers, as well as reconfigured checkout lanes and new areas to accelerate the pickup of items purchased earlier online.”

Source: Best Buy Closing 50 Stores

Apple Launches New Legal Attack On Samsung

February 13th, 2012 02:18 admin View Comments

Apple

walterbyrd writes “Apple Inc has asked a federal court in California to block Samsung Electronics Co Ltd from selling its new Galaxy Nexus smartphones, alleging patent violations. In a suit filed last week in San Jose, Apple said the Galaxy Nexus infringes on patents underlying features customers expect from its products. Those include the ability to unlock phones by sliding an image and to search for information by voice.”

Source: Apple Launches New Legal Attack On Samsung

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