Henrique de Castro, a former executive of Google Inc., has been hired as the new COO of Yahoo by the Chief Executive of Yahoo, Marissa Mayer. This latest move has been taken by the Chief Executive of Yahoo in order to bring new faces to the management team of the struggling web company.
The all new digital music service from Microsoft, the Xbox Music is ready and set to take on the Cloud Player of the Amazon.com Inc. and iTunes from Apple Inc. for music on Xbox game consoles.
An appeals court in the U.S. had the ban against Samsung Electronics Co. lifted according to the latest reports that were released. The ban on the Samsung Galaxy Nexus smartphone sale was lifted thereby causing a setback to Apple Inc. in the ongoing battle of the company against Google Inc. and its highly popular mobile software.
September was another rotten month for the retail video games business. According to data, U.S. retail sales of new video game hardware, software and accessories dropped as much as 24 percent in the month.
After struggling with deep losses and a debt load for half of a decade Sprint Nextel Corp. has found its lifeline. The company has announced that it is in negotiations with SoftBank Corp., the Japanese cellphone company. The Japanese company also confirmed that it considered making a substantial investment in the No. 3 US carrier. The possible takeover could turn around Sprint Nextel Corp. as the company has also been affected by the latest wireless consolidation.
Germany-based Siemens AG may be looking forward to closing its offices and cutting of jobs owing to the recent fall in Siemens profits as reports released stated on the 11th of October. The steps of Siemens office closures and job cuts come mainly as a result of the fact that its customers are barring from putting orders for engineering equipment from them owing to the economic crisis in Europe.
Lenovo Group Ltd, China’s PC maker, edged out Hewlett-Packard Co. in the global PC market. According to findings of research house Gartner, Lenovo Group dethroned Hewlett-Packard and became the world’s No. 1 PC maker in the third quarter of the year.
According to a congressional report released on the 8th of October, two of the telecom equipment makers of China were stripped of their ambitions of doing business with the US companies. Chinese telecom’s hopes dashed as a result of this report thereby raising fears that would also retaliate at some point of time.
Samsung Electronics Co. posts $7.3 billion profit in the third quarter which is considered to be a quarterly record as the company almost doubles its figure reached last year. Samsung has registered this high profit out of the strong sales of its Galaxy smartphones and the high-end TVs. Samsung’s record third quarter profit came from more than the offset orders that were reduced for the screens and chips from their arch rival and biggest customer Apple Inc.
Samsung Electronics Co. has beaten analysts’ expectations in the third quarter. The world’s largest technology company by sales saw an operating profit growth of over 85 percent due to strong Galaxy smartphone sales. A record profit in the three months to September of approximately $7.3 billion was reported by Samsung Electronics. The Samsung Electronics’ profit nearly doubled last year’s results thanks to strong sales in both high-end TVs and Galaxy smartphones which balanced reduced orders for chips and screens from company’s biggest rival, Apple Inc.
As mobile computing wars gather impetus with big players like Apple Inc., Amazon.com and Microsoft Corp. dominating the market, it is important to know that the future of the development of mobile apps is in the hands of internet publishers. Scott Porad, chief technology officer of the publishing firm, Cheezburger Network, has to make crucial decisions regarding the selection of mobile appliances requiring exclusive software to add polish to the firm’s content.
There is a list of things that HP CEO Whitman has decided to do for HP in order to do good for the company. The strategies are designed for better competence of HP on the enterprise services and bringing a halt to the rapid decline in the personal computer unit of the company. HP CEO Whitman also plans to dish out new strategies in the worldwide market of computer sales that is being overshadowed by some high end and smart mobile devices.
According to Oracle Corp. CEO Larry Ellison, the main focus of his company is turned to the promotion of its cloud computing products instead of acquisitions. Oracle is incidentally the third ranked maker of software in the world and is looking towards making further developments in its business. Oracle Corp. CEO Larry Ellison is a billionaire who has dramatically boosted the revenue of the company in the last decade by means of a number of purchases. He has however not ruled out the chances of going for some big deals that might come along his way.
Intel Capital, which is Intel Corp.’s global investment and M&A arm, announced that it would invest up to $40 million in 10 innovative technologies companies, including five from Asia. Intel Capital is currently involved in investing in approximately 300 technology startups from all over the world.
Lenovo Group Ltd announced its plans to open first production plant in the U.S. The facility will be located in Guilford County, North Carolina. The Lenovo plant in the U.S. is expected to start production of the company’s think notebooks, desktops and tablets next year.
Nexon Co., Korean free-to-play online games giant, announced that it entered into agreement to acquire Japanese mobile game developer gloops Inc. for $469 million, or JP¥ 36.5 billion, in cash.
Electrocomponents Plc, electronic and maintenance products supplier, warned of a fall in profits this year. The company informed that full year profits would be lower than the market had been expecting as a result of a disappointing first half performance. Electrocomponents Plc’s shares dropped 9 percent to 200 pence.
The Chief Executive Officer of Apple Inc., Tim Cook, has sincerely apologized on the 28th of September to his customers because of Apple’s flaw in maps. According to the reports, the CEO has accepted the fact that the newest Maps service of Apple Inc. has certain flaws in it and in a very unusual way has recommended his customers to instead look at the maps of his rival services Google Inc.
According to the ruling of an appeals court in the U.S. on the 28th of September, the Motorola Mobility unit of the Google Inc. will not be able to enforce the patent injunction that has been obtained against the Microsoft Corp. in Germany. This ruling will definitely minimize the leverage of Google Inc. in the already continuing patent war over the smartphone.
Rovio Entertainment, the Angry Birds maker, has released its newest game Bad Piggies and it hopes that it will be a hit! The Bad Piggies game hit the applications store on the 27th of September. For the first time, fans of the Angry Birds may see the softer sight of the evil piggies.