Research in Motion loses more senior executives

By on April 6, 2012 at 4:10 PM.

Research in Motion loses more senior executives

Research in Motion has lost a number of senior-level executives in recent days amid a broad review of the company’s strategic options, The Wall Street Journal reported on Thursday. Alistair Mitchell, RIM’s vice president of the BlackBerry Messenger instant-messaging platform, is among several executives who have left the company according to the report. A company spokeswoman confirmed to the Journal that Mitchell is “no longer with RIM.” The spokeswoman also confirmed that Alan Brenner, a senior vice president of the BlackBerry platform, would be “leaving the company after a transition period.” RIM posted disappointing fourth quarter sales last week, leading to the departure of company co-founder Jim Balsillie, chief technology officer David Yach and chief operating officer Jim Rowan. The struggling company said it is facing significant challenges, and it is currently reviewing strategic opportunities and potential partnerships. More →

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LightSquared considering bankruptcy after being derailed by regulators

By on April 5, 2012 at 11:00 PM.

LightSquared considering bankruptcy after being derailed by regulators

LightSquared founder Phillip Falcone said he may consider voluntary bankruptcy for his troubled wireless broadband venture, Bloomberg reported on Wednesday. “There are arguments that we would be better off in bankruptcy than not,” Falcone said. “LightSquared, if I have to, I’ll put it into bankruptcy. I don’t care,” adding that he would maintain control of the company if it were to file. LightSquared planned to build a high-speed data network that would cover as many as 260 million users, however it failed to gain approval from federal regulators. The FCC blocked LightSquared’s LTE network in February due to concerns surrounding interference with GPS systems. Through his hedge fund Harbinger Capital Partners, Falcone has invested roughly $3 billion in the failed venture. Bankruptcy is “not what I want, not what I desire, I’d rather find a different way out,” he said. More →

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Apple’s Tim Cook named most popular CEO of 2012

By on March 30, 2012 at 8:30 PM.

Apple’s Tim Cook named most popular CEO of 2012

Glassdoor on Friday revealed its latest list of the “Top 25 Highest Rated CEOs of 2012.” Apple’s Tim Cook took the top spot with a 97% approval rating, leading Ernst & Young’s Jim Turley, Qualcomm’s Paul Jacobs and Google’s Larry Page. “I think leadership is doing an amazing job,” said one Apple employee. “We have the best management team anywhere.” When Steve Jobs stepped down in August 2011, the late Apple co-founder garnered a cumulative approval rating of 97%, however Cook leads Jobs’s rating of 95% from March 2010 to March 2011. While it has been a tough year for Hewlett-Packard, the company’s new CEO Meg Whitman also made the list with an 80% approval rating, placing her in the  No. 24 spot. Glassdoor bases the list entirely on feedback from anonymous employees who were asked one question — do they approve of the way their CEO is leading the company? More →

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Sony eliminates two divisions, restructures electronics unit

By on March 27, 2012 at 11:20 PM.

Sony eliminates two divisions, restructures electronics unit

In a effort to cut costs and improve its financial situation, Sony is eliminating two divisions at its main electronics unit, promoting three executives and keeping a close eye on its money-losing television unit, Bloomberg’s Businessweek reported on Tuesday. The Japanese company will shut down its consumer products and services group, which handled consumer-level electronics, and the professional device and solutions group, which handled business oriented products and components. Executive Deputy President Hiroshi Yoshioka, who oversaw the professional device and solutions group, will head the company’s newly created medical business unit. Sony spokeswoman Satsuki Shinnaka said all changes will be effective April 1st and are aimed at speeding up management decisions. On the same date, the company will welcome its new president and CEO Kazuo Hirai. Hiari is largely credited with making Sony’s PlayStation game business profitable and will be looking to do the same with the company’s Bravia television unit, which is expected to post its fourth straight annual loss. More →

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Sharp and Foxconn enter into manufacturing partnership

By on March 27, 2012 at 5:15 PM.

Sharp and Foxconn enter into manufacturing partnership

Sharp on Tuesday announced that is has entered into an manufacturing partnership with Foxconn that will see the manufacturing giant take a 10% stake in the Japanese electronics company. Hon Hai has invested nearly 67 billion yen ($809 million) in Sharp in exchange for roughly 121.65 million new shares, which will be spread out between four Foxconn companies. Sharp CEO Takashi Okuda said, “Until now we have handled all of our R&D and manufacturing, but going forward we will need to include partnerships in our approach,” pledging to leverage both companies’ strengths to get products to market efficiently. Each company will hold a 46.5% stake in Sharp’s Sakai plant in western Japan, with the remaining 7% owned by Sony. More →

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Kim Dotcom says U.S. government is wrong about Megaupload

By on March 26, 2012 at 12:10 PM.

Kim Dotcom says U.S. government is wrong about Megaupload

Megaupload founder Kim Dotcom, who was arrested and charged with racketeering, copyright infringement and money laundering in one of the largest criminal cases of its kind, is maintaining his innocence. Dotcom has previously questioned his accusers’ motives, claiming he isn’t a so-called piracy king, but a man who ran a legitimate business that offered online storage and bandwidth. In an interview with TorrentFreak, Dotcom said that he can refute nearly every claim in the case being brought against him. Read on for more. More →

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Nokia to cut 1,000 jobs from Finnish phone plant

By on March 22, 2012 at 9:35 PM.

Nokia to cut 1,000 jobs from Finnish phone plant

Nokia on Thursday announced that it will cut as many as 1,000 jobs at its plant in Salo, Finland. The company’s layoffs will happen gradually through 2012, with most cuts happening by the end of June, Reuters reported. The Salo plant is the last large cell phone manufacturing plant in Western Europe, as most businesses have moved their manufacturing to Asia. Last month, Nokia shed 2,300 workers from a plant in Komarom, Hungary and 700 others in Reynosa, Mexico as it too shifted much of its manufacturing to China. This new round of layoffs comes as part of a larger effort to cut costs following the €1 billion loss the company reported last quarter. More →

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Facebook reportedly acquired 750 patents from IBM

By on March 22, 2012 at 5:55 PM.

Facebook reportedly acquired 750 patents from IBM

Facebook on Thursday acquired 750 patents from IBM in an effort to boost the company’s defense and counter new lawsuits, according to Bloomberg. The patents reportedly cover various technologies relating to software and networking. The acquisition would more than double the size of Facebook’s portfolio, which currently includes at least 56 issued patents and 503 filed U.S. patent applications. The patent acquisition comes after Yahoo, a business partner of Facebook, filed a massive patent infringement lawsuit against the social networking site. More →

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Samsung braces for a tough year, says it will step up patent defense against Apple

By on March 16, 2012 at 4:10 PM.

Samsung braces for a tough year, says it will step up patent defense against Apple

After numerous mobile lawsuits from Apple, Samsung CEO Choi Gee Sung explained that the company plans to be more aggressive in securing patents that can be used to defend itself, Bloomberg reported on Thursday. During the company’s annual shareholders meeting, Sung said that due to slow industry-wide growth and strong competition, the company was bracing for a tough year. “The electronics industry will enter a low-growth period,” he said. “Reorganization of the industry will gain speed and competition among global players will intensify.” Shareholders also approved the company’s plan to spin off its LCD division on April 1st. Samsung posted record revenue last year — thanks largely to its Galaxy smartphones — and looks to enhance its competitiveness in hardware, while strengthening new businesses including medical equipment in 2012. BGR exclusively reported last month that Samsung will launch its flagship Galaxy S III smartphone later this year with a 1080p high-definition display, a ceramic case and a quad-core 1.5GHz Exynos processor. More →

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Apple’s only $14 billion away from being larger than the entire U.S. retail sector

By on March 13, 2012 at 10:32 AM.

Apple’s only $14 billion away from being larger than the entire U.S. retail sector

Apple market capitalization, as it sits, is just over $514 billion — an astonishing number we’re all still getting used to. Even more amazing, however, is that Apple’s market cap is about to be larger than the entire United States retail sector. With Friday’s iPad launch, we’re guessing that $14 billion in market value won’t be an issue… More →

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Apple claims to have created or supported more than half a million jobs in the U.S.

By on March 2, 2012 at 6:15 PM.

Apple claims to have created or supported more than half a million jobs in the U.S.

Apple on Friday updated its website with a new job creation section detailing the company’s role in creating American jobs. Since its inception, the Cupertino-based company claims to have created or supported more than half a million jobs for U.S. workers across 50 states. “Throughout our history, Apple has created entirely new products — and entirely new industries — by focusing on innovation,” the company said on its website. “As a result, we’ve created or supported more than 500,000 jobs for U.S. workers: from the engineer who helped invent the iPad to the delivery person who brings it to your door.” Of the jobs created, 304,000 span engineering, manufacturing and transportation while an additional 210,000 have been created due to the iOS app economy. More →

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Motorola: No big short-term changes following Google merger

By on March 2, 2012 at 10:30 AM.

Motorola: No big short-term changes following Google merger

Motorola Mobility does not expect any large changes following Google’s acquisition of the company. Alain Mutricy, Motorola’s senior vice president of portfolio and product management, said interview with Fierce Wireless that the vendor will not alter its plans once it comes under the Google “umbrella.” Until the deal closes, which may be soon, Motorola and Google are two separate companies and the manufacturer will  continue on its path as subsidiary of Google. “I don’t see a very short term, complete change of the product direction,” Mutricy said. “I think that we have a business to run, and therefore I think that there is continuity to be expected for 2012.” Mutricy also believes that having closer collaboration on Google’s services, such as Google+ and YouTube, could be a great opportunity for Motorola. More →

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Apple’s iOS and BlackBerry most popular mobile platforms among IT pros

By on January 18, 2012 at 3:30 PM.

Apple’s iOS and BlackBerry most popular mobile platforms among IT pros

Apple’s iOS operating system is the most popular mobile platform among corporate workers according to a survey from Check Point Software. The firm polled over 700 IT professionals and found that iOS accounts for 30% of usage, with RIM’s BlackBerry platform just behind at 29%. Check Point Software found that 71% of mobile devices have contributed to increased security incidents. Google’s Android operating system was considered to produce the greatest security risk, however, 72% of polled users claimed careless employees were a greater security threat than hackers. The lack of employee awareness about security policies ranked as having the greatest impact on the security of mobile data. Some 65% of respondents reported that their organizations had devices that were personally owned by employees in addition to company-owned mobile devices accessing corporate networks.Check Point surveyed a total of 768 respondents across the United States, Canada,United Kingdom, Germany and Japan. More →

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