WEB/BUSINESS

April 27th, 2012, 10:13 AM

Samsung Wraps Quarter With Record Numbers

Samsung Electronics reported Friday that it had posted a record profit of $5.15 billion, usurping Nokia as the world’s top mobile phone seller, and possibly outselling Apple in the smartphone market if one report is to be believed. Samsung’s shares hit an all-time high in morning trading after the results were released, pushing its market [...]

April 23rd, 2012, 3:50 PM

MegaUpload Boss May Walk Free as U.S Government’s Case Suffers Setbacks

Kim “Kim Dotcom” Schmitz, the founder of MegaUpload, may never face trial in the United States as the judge presiding over the case has told the F.B.I that the company has not been properly served criminal papers because it may be outside of American jurisdiction. “I frankly don’t know that we are ever going to [...]

April 23rd, 2012, 2:30 PM

Facebook to Join NASDAQ Under ‘FB’ Ticker

According to its updated SEC filing, Facebook will be joining the NASDAQ stock exchange in the coming weeks with the ticker ‘FB’. Although an official listing date has yet to be announced, sources familiar with the matter have told Reuters and Bloomberg that the IPO and listing will take place on May 17. In an [...]

April 19th, 2012, 3:03 PM

AMD’s First Quarter Results Beat Expectations

The results from this past quarter could be the first sign that AMD’s new CEO’s plan of management reorganization and shedding its chip fabrication plants is paying off. While posting a loss of $592 million in Q1, the company did enjoy higher than expected revenue due to increased operating income. “AMD delivered solid results in [...]

April 19th, 2012, 1:47 PM

In the Procedure of Acquisition, Facebook Shows What its Worth

Earlier this month Facebook acquired the photo-sharing and manipulation service Instagram for $1 billion, according to reports, split 70-30 in stock and cash. From this number, The New York Times has extrapolated that Facebook is pegging its share value at $30 and corporate value at approximately $75 billion. However, The New York Times is also [...]

April 17th, 2012, 4:24 PM

Samsung, Apple Ordered to Negotiate Patent Settlement Out of Court

 As part of a court ordered interregnum, the CEOs of Apple and Samsung have agreed to change the theatre of their patent war from the courtroom to the boardroom in order to reach a settlement. “The parties have indicated that they are willing to participate in a Magistrate Judge Settlement Conference (MJSC),” Presiding Judge Lucy [...]

April 17th, 2012, 12:23 PM

Cineplex Store App for Samsung Devices Unveiled

Samsung Electronics and Cineplex Entertainment today unveiled the Cineplex Store App, a Netflix like service available on certain models of Samsung SMART TVs, Blu-Ray Players, and Home Theatre Systems. “When Canadians think of movies, we want them to think of Cineplex. As the leader in Canadian theatrical exhibition, Cineplex can leverage the strong brand loyalty [...]

April 12th, 2012, 11:28 AM

In a ‘Post-PC World’, PC Growth Still Positive

While many have extolled the rise of tablet-culture to be a hallmark of the beginning of a ‘post-PC world’, recent numbers from market research firm IDC prove that there is still life in the PC market. According to IDC, the worldwide PC market saw a slight increase in volume during the first quarter of 2012 [...]

April 11th, 2012, 1:57 PM

Is Microsoft Trying to Roll up the Patents of RIM?

As RIM’s decline continues, rumors that rivals are waiting to pick apart the company for patents – like vultures on dead prey – continue to get more fervent. First, in December, the Wall Street Journal reported that a joint Microsoft-Nokia-RIM deal could possibly be in the works. Then, in January, reports emerged that Samsung was [...]

April 9th, 2012, 11:18 AM

11 Arrested in Suspected Samsung Technology Theft

YonHap News is reporting that eleven people have been arrested in Suwon, South Korea on allegations of leaking key technology involved in making next-generation flat screen displays. Police allege that those arrested were involved in transferring proprietary technology from flat screen display maker Samsung Mobile Display to a rival firm. Both the Korean National Police [...]