Category: Business

Automotive Business Government Legal

Department of Energy seizes $21 million reserve account from Fisker

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As reported on Engadget. By Zachary Lutz Fisker just can’t catch a break. As if enduring the layoffs of three out of every four employees and the resignation of its founder wasn’t unsettling enough, it’s now come to light that the Department of Energy recently confiscated the company’s $21 million reserve account in an attempt to recoup some of the government’s loan. Fisker’s first payment on the $192 million federal loan was due Monday, but the Energy Department revealed that it actually took the…

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Business

ARM sees 44 percent profit increase in Q1 2013, ships 2.6 billion ARM-based chips

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As reported on Engadget. By Mat Smith ARM has had a great quarter — again. This time it’s seen pre-tax profits soar 44 percent, while revenues are up 26 percent (to $209.4 million) since the same period last year. The company’s thanking the continued adoption of its low-power chip designs, encompassing smartphones, mobile computing and even digital TVs and wearable tech. The advanced tech within its ARMv8, Mali and big.LITTLE ranges has meant the company can command…

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Business Culture

My Favorite Entrepreneur Story In A Long Time

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As reported on TechCrunch. by MARK SUSTER If you don’t like it hot, use less,” he said. “We don’t make mayonnaise here.”  This morning I was reading my social media and came across an article that Christine Tsai had posted on Facebook. It was about the founder of Sriracha sauce, David Tran, displaced from Vietnam when the North’s communists took power. As the son of an immigrant myself, I am a sucker for an immigrant story. Moving to…

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Business Microsoft

Microsoft Confirms Its Plans To Bring Windows 8 To Smaller Touch-Enabled Devices Soon

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As reported on TechCrunch. by FREDERIC LARDINOIS During its Q3 2013 earnings call today, Microsoft’s outgoing CFO Peter Klein noted that the company plans to bring Windows 8 to smaller devices. Until now, Windows 8 was mostly geared toward desktops and larger tablets, including Microsoft’s own Surface and RT machines. With the forthcoming Windows 8 Blue, rumor had it that Microsoft would enable its OEMs to run Windows 8 on smaller devices, too. Klein confirmed this on today’s call,…

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Business

Blackstone Reportedly Withdraws Bid For Dell, Citing “Deteriorating” Business

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As reported on TechCrunch. by CATHERINE SHU Blackstone has reportedly withdrawn its bid for Dell, leaving the way open for founder Michael Dell and Silver Lake to buy out the company, reports Reuters. Blackstone and activist investor Carl Icahn put in bids for Dell on March 22, the last day of the “go-shop” period to solicit competing offers for Dell after Michael Dell and Silver Lake made a $24.4 billion buyout offer for the PC maker that some investors…

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Application Business IT

WD SmartWare Pro automates backups to both Dropbox and external drives

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As reported on Engadget. By Jon Fingas We’re used to external hard drive makers offering some kind of backup software to add value, although it’s usually forgettable for the experienced users among us — what we erase while we’re busy setting up Windows 8 File History, Time Machine or a cloud service. Western Digital thinks some cloud integration of its own will get us looking at its new, standalone WD SmartWare Pro app. While the client can automatically back…

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Business Hardware Dev

Intel execs predict Bay Trail touch-enabled laptops for $200 – $300 by the holidays

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As reported on Engadget. By Richard Lawler On the earnings call after Intel released its Q1 numbers, its executives faced many questions from analysts, including some asking what to expect from the company in Q4. According to CEO Paul Otellini and CFO / EVP Stacy Smith, among the reasons for investors to be optimistic are the prospects of cheaper touch screen computers powered by its upcoming Bay Trail (quad-core Atom) and Haswell processors. Just how cheap you ask? According…

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Business Culture Hardware Dev Microsoft

Microsoft Reportedly Preparing To Jump On The Smartwatch Bandwagon

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As reported on TechCrunch. by CHRIS VELAZCO Apple, Google, LG, and Samsung are all reportedly working on wrist-worn computing devices behind closed doors, and it seems like that little club of big companies may soon get another member. If a new report from the Wall Street Journal is to be believed, Microsoft has been in touch with an undisclosed number of suppliers who have apparently been tasked with delivering components for a smartwatch-like device that supports touch input. Now that’s not to…

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Application Business Culture

LinkedIn Acquires Pulse For $90M In Stock And Cash

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As reported on TechCrunch. by FREDERIC LARDINOIS LinkedIn today announced that it has acquiredPulse, the popular newsreader for the web and mobile. The transaction, LinkedIn says, is valued at approximately $90 million in a combination of about 90 percent stock and 10 percent cash. The acquisition is expected to close in the second quarter of 2013. Today’s announcement doesn’t come as a total surprise, given that there had been rumorsabout talks between the two companies for a few weeks now.…

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Application Business

IBM To Invest $1 Billion In Flash Technology Research, Reflecting Obsolescence Of Hard Disk Drives

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As reported on TechCrunch. by ALEX WILLIAMS IBM plans to invest $1 billion in research  to design, create and integrate Flash into its servers, storage systems and middleware, a reflection of the changing requirements needed for companies to manage massive amounts of data. As part of the news, IBM also announced a new line of Flash appliances. These storage appliances are based on technology acquired from Texas Memory Systems. IBM says the appliances can run 20 times faster than…

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