Richard Schulze, the co- founder of Best Buy Co. (BBY), has offered to buy the company and this way make it private. It would be the fourth-largest U.S. retail takeover it the history. Richard Schulze remains the electronics chain’s main investor. He has sent letter to the board with a purchase proposal of $24 to $26 a share, thus he valued the company at $9.5 billion including net debt.
Apple Inc. has said that Samsung Electronics Co. Ltd. made demands for a much higher patent royalty from Apple than what the maker of the iPhone pays to the other companies. The South Korea based company has sought for a rate that it had never sought before from any of its other licensee.
The Japanese corporation, Sharp is on the verge of going broke and the only choice left with the company to ensure its continued survival seems to be to give up its consumer business and openly accept a future as a supplier of components to Hon Hai Precision Industries, its affiliate based in Taiwan.
Japan based company; Toshiba Corp has made plans to cut down their production of flash memory chips by about 30% after facing problems of tumbling prices and oversupply of their chips. Toshiba is one standout performer among the battered chipmakers in the country of Japan.
The rise in the market of Lenovo, the maker of ThinkPad, reflects the advancement of the technological firms in China globally in the recent years. This is mainly due the combination of overseas acquisitions, aggressive pricing and their ways of taking advantage of the ever growing domestic market. Some analysts have however warned of the fact that the rapid gain in the market shares of Lenovo have come at the cost of its profit margins. The company however faces a slowing rate of growth in the market for the PCs and the tough rivals in the space of the tablet PC.
Apple Inc., termed as the most valuable company all over the world with regards to the New Gen technology has agreed to pay 60 million dollars to Proview Technology, a nearly bankrupt firm located in Shenzhen, China. By means of this payment, Apple Inc. has settled a legal dispute of nearly two years regarding the iPad trademark in the market of China. It was on June 25 that the terms and conditions for the settlement of this agreement had been reached.
Technology has driven our lives to such a great extent that life becomes unimaginable without one. Frequent advances and developments have taken technology usability to a higher level every time. Every new computer and mobile development has been a cutting edge. Among others, Microsoft has been in a techno war with itself. Each new invention is driven from an inspiration to create something better than the last one.
The world’s biggest mobile handset maker, Nokia Corp., has made heavy losses in the Q1. Nokia says that it has faced much greater than expected competition and challenges in its ongoing strategy revamp.
Steve Jobs helped organize and arrange for a complex price-fixing plan that cost its consumers tens of millions of dollars in the last two years by enhancing the price of many new releases and bestsellers by $3 to $5 each.
Imagine a world of information popping in front of your eyes with a simple voice command.It would be a normal day in a normal man’s life, with the only difference, that this man only has to speak to the device on his head for obtaining answers to simple questions.
According to gaming site Kotaku, the successor to Sony’s PlayStation 3 is a code named Orbis and it has found a way to come in time for the holidays next year. The next-generation game, Orbis, won’t be play PS3 games. And, there is a rumor that with Microsoft’s follow-up to the Xbox 360, Sony is working on a way to make its next console either reject used games or possibly limit their playability unless buyers of a pre-owned game pay a fee to unlock/register the full game.
Oclaro Inc., a supplier of optical communications and laser technology, said Monday that it will merge in an all stock deal with Opnext Inc., the optical module and components vendor. Oclaro has agreed to acquire Opnext in a $179 million deal Monday.
What is most astonishing part about the iPad era, is how completely Apple still controls it. The market was filled with plenty of Smartphone in 2007, when the iPhone came out and it quickly drew new competitors, most notably Android devices.
HP will announce soon about merging its Imaging and Printing Group into its PC-making Personal Systems Group as a way to reduce costs and simplify its business. Under the plan, Vyomesh “VJ” Joshi, who has run HP’s print business for the last 20 years, will step down, and Todd Bradley, head of the PC group, will run the combined division
Apple Inc., the world’s most valuable company, plans to discuss its $100 billion in cash and investments in a conference call and is likely to announce a dividend. The move comes as investors have hollered for the company to return some of the money to shareholders.
Well, it has been learned that Apple Inc.’s iPad 3 tablet computers go on sale Friday, they won’t be equipped with Sharp Corp.’s liquid crystal display panels because of a delay in the Japanese electronics maker’s delivery. Samsung Electronics Co. will supply the screen for Apple iPad 3 after LG Display Co. and Sharp Corp. didn’t meet the U.S. company’s quality requirements.
Angry Birds is going to be literally out of this world. The Angry Birds have their work cut out of them. They have not only been destroying those poor little pigs on a valentine’s day and every other major holiday, but now they are being launched in the outer space too. Well, seems like the green pigs across the cosmos need to start looking for places to hide.
The safety regulators said the U.S. rule that may require all cars and light trucks sold in the country to have rear-view cameras won’t be issued by deadline dated Feb. 29, 2012 and may be delayed until after presidential election in November. The government and safety regulators have taken a wise decision on mandating rearview cameras in all passenger vehicles.
Even though it seems like there is a long way for Dish Network to beat the race for being the number one satellite TV Company, Dish Network has still managed to add a remarkable lot of 22,000 subscribers to the viewing list.
While everyone has be waiting for iPad 3’s release, there are a few things that might keep you wondering if the iPad 3 is actually worth the upgrade. The most awaited iPad 3 has stolen all the limelight, in most of the news channels, since the time rumors about the release are out. And why not, after all its an iPad 3.
As iPad3 is one of the best selling and the most anticipated device of this year, it is quite obvious that people want to know what to expect for an iPad3. It is rumored that the release date of Apple iPad3 would be later this month. And thanks to scores of industrial magazines that industry leaders will be able to tell you ‘what an iPad3 might look like?’