WEB/BUSINESS

December 10th, 2012, 12:02 AM

‘Steve Jobs’ Patent Invalidated by U.S Patent Office

The U.S Patent and Trademark Office declared one of Apple’s strategic patents that was at the centre of Apple v. Samsung invalid. The patent ruled invalid by the USPTO was the ‘Steve Jobs patent’ — the master patent that covered multi touch and scrolling — which arguably defines the iOS experience. Listed by the USPTO [...]

December 9th, 2012, 2:24 PM

Outsourcing to America: Lenovo Calls U.S Manufacturing a ‘Solid Business Case’

In the December issue of The Atlantic, journalist Charles Fishman examines the “insourcing boom” — the return of manufacturing to North America. In his Atlantic piece, Mr. Fishman examines the “rebooting” of the once stoic General Electric manufacturing facility dubbed Appliance Park in the heart of Kentucky — which until recently was dormant as jobs [...]

December 6th, 2012, 12:55 AM

Apple’s Stock Has a $35-Billion Bad Day

Apple’s stock dropped by 6.4 percent Wednesday to $538.79 — the highest drop since the height of the great recession in 2008 — erasing nearly $35-billion from the company’s market value. While the stock’s price only took a $37 tumble, Wednesday’s market cap loss is more than the entire market cap of Hewlett Packard or Dell. [...]

December 5th, 2012, 9:50 PM

Facebook Pulls Instagram Embedding From Twitter

In a move that will increase short-term revenue but perhaps open the door to competitors, Facebook has decided to limit display of Instagram images in Twitter feeds. Users will now have to click through to the Instagram website to view images. The previous system, called Twitter Cards, allowed content from certain photo and video services [...]

December 4th, 2012, 2:44 PM

Facebook Conducts Sham Vote, 9% Support Upcoming Changes

Mark Zuckerberg must love democracy – Facebook democracy, that is. It’s true that, due to consistent outcry over sweeping changes to the user agreement, Facebook has put its latest batch of proposed changes to its privacy policy up for a vote by users. It’s also true that this move could lead to an outright rejection [...]

December 3rd, 2012, 1:18 PM

With Downgrade Advisory, Top Financial Firm may Foul RIM’s Rally

Much to the chagrin of RIM’s management, who have watched the stock rally around a number of positive Blackberry 10 announcements, a financial analyst with Canaccord Genuity has downgraded the company’s shares to a “sell”. Analyst Michael Walkley wrote in a note to clients Monday morning that his firm does not believe BB10 will return [...]

November 20th, 2012, 5:21 PM

Intel CEO Successor Not Yet Clear

No clear successor has emerged to replace Intel’s CEO, Paul Otellini, who has announced his intention to retire in May. Mr. Otellini did not give a definite reason for his retirement — opting to say it was time to “transfer Intel’s helm to a new generation of leadership” — though at 62 he is nearing [...]

August 23rd, 2012, 3:16 PM

HP Posts Mega-Loss, Plots Long Recovery

The takeaway from HP’s quarterly posting of a mega-loss of $8.9 billion is that the company is “still in a turnaround”, according to CEO Meg Whitman. Ms. Whitman, the company’s sixth CEO in seven years, told investors and analysts on a conference call, “During the quarter we took important steps to focus on strategic priorities, [...]

August 22nd, 2012, 12:45 PM

Apple v. Samsung Concludes and the Case Goes to Jury

The 50 hours of testimony and exhibits of Apple v. Samsung — which will have ramifications as significant as United States v. Microsoft — wrapped up yesterday with closing arguments from both sides moving the case to jury for deliberation. As Apple’s lawyer, Harold McElhinny, argued in his closing statements, the case’s genesis is in [...]

August 20th, 2012, 3:49 PM

Apple v. Samsung May End With Truce

As Apple v. Samsung is scheduled to head to closing arguments Tuesday, at least two people of note believe that the case may be resolved by an out out court settlement negotiated by the companies’ CEOs. A source that spoke to Bloomberg said that Samsung’s CEO was scheduled to speak with the CEO of Apple [...]