Visit our other websites:    On CE    eSP    Mobile Channels    ECI news    rAVe Europe    Digital Signage News EMEA    iChannels

Vendor News

Intel Restructures as it Slashes Workforce

E-mail Print PDF
Intel Restructures as it Slashes Workforce

The ongoing PC decline is hitting Intel hard-- so much so it is slashing 12000 jobs (or 11% of its workforce) as part of a restructuring effort to depend less on PCs and more on the cloud and the Internet of Things.

News of the job cuts come through an email to employees from CEO Brian Krzanich. It states the announcement "is about accelerating our growth strategy. And it’s about driving long-term change to further establish Intel as the leader for the smart, connected world." Whatever the reasons, Chipzilla staff will know whether they made the cut once the company starts holding global "site consolidations," as well as both voluntary and involuntary redundancies, over the next 60 days.

Continue reading...

Reuters: Sharp, Foxconn to Sign Deal Soon

E-mail Print PDF
Reuters: Sharp, Foxconn to Sign Deal Soon

Reuters reports this week should see an end to the delays affecting the Foxconn acquisition of Sharp-- only the takeover will involve a "smaller bailout" for the ailing Japanese company.

How smaller is Foxconn offer for Sharp? According to a pair of anonymous sources Foxconn slashed the price tag by ¥100 billion (around $884 million). In addition the sources say the two companies are to hold board meetings on Wednesday to approve the deal before signing the deal on the following day.

Predictably neither company has commented on the Reuters story.

Continue reading...

Apple Confirms 21 March Event

E-mail Print PDF
Apple Confirms 21 March Event

Apple confirms earlier rumours as it announces 21 March 2016 as the date for its next event-- one revealed through rose gold-hued press invites bearing the cryptic slogan "let us loop you in."

The event takes place at the Apple 1 Infinite Loop campus in Cupertino, California. It is expected to involve a number of devices, such as a smaller 9.7-inch iPad Pro, a 4-inch iPhone (dubbed the SE) and a variety of new Apple Watch band options (rumours suggest a nylon band a Space Black Milanese Loop). Some sources also say Mac refreshes will make a showing, although the grapevine gives no fruit on that regard as yet.

Continue reading...

The Next AR Contender: Intel?

E-mail Print PDF
The Next AR Contender: Intel?

The Microsoft HoloLens might soon find a big name rival in the augmented reality (AR) battlegrounds-- the Wall Street Journal reports Intel is the next company to take on the headset field.

According to the WSJ, the Intel headset makes use of RealSense 3D camera technology, and as such can be seen as a Chipzilla attempt to push the imaging technology to the mass market. In addition the company has also spent around $500 million to buy 5 companies working on AR technology, and is also investing and teaming up with others.

Continue reading...

Chinese Investor Exit Complicates WD SanDisk Buy

E-mail Print PDF
Chinese Investor Exit Complicates WD SanDisk Buy

A wrench gets thrown in Western Digital's plans to buy SanDisk-- Chinese IT company Unisplendour Corporation Limited (Unis) scraps its $3.78 billion investment deal with WD.

Unis, a unit of Tsinghua Holdings, dropped plans to buy a 15% stake in WD after the US Committee on Foreign Investment (CFIUS) announced an investigation of the deal. The decision triggered a 15-day period where either period could end the transaction... and that's exactly what the Chinese company did.

WD hopes to be still able to buy SanDisk, but the lack of Unis investment demands a change in asking price. Whereas it originally offered $19bn in cash and stock, WD is now asking shareholders to consider selling for $15.8bn.

Continue reading...

Foxconn to Buy Sharp... Or Will it?

E-mail Print PDF
Foxconn to Buy Sharp... Or Will it?

Sharp confirmed earlier reports with the announcement it is being bought out by Foxconn-- but hardly a day passed before the Taiwanese giant announced it is delaying the acquisition until it assesses the financial risks involved in buying the ailing Japanese firm.

The Sharp takeover is worth around $6.24 billion (or ¥700bn), and is the first (and largest) acquisition of a major Japanese company by a foreign entity. Reportedly Foxconn has been chasing after Sharp for 5 years, since owning the Japanese company provides technological leverage against the likes of Samsung, not to mention access to lucrative Apple display contracts.

Continue reading...

VTech Buys LeapFrog

E-mail Print PDF
VTech Buys LeapFrog

VTech acquires struggling rival in education toys LeapFrog for around $72 million, following years of declining sales in part caused by more grown competition such as the Apple iPad.

Founded in 1995, Leapfrog was best known for the LeapPad. Initially an interactive digital book, the device was turned into a rugged mini-tablet in 2011, following the launch of the first iPad. The tablet-style LeapPad was popular at first, but sales started waning as Apple and other vendors started launching smaller, lower-cost tablets.

Continue reading...

Economic Woes Hit "Record" Apple Q1

E-mail Print PDF
Economic Woes Hit

Apple revenues reach a record $75.9 billion with profits worth $18.4bn on fiscal Q1 2016, with international sales accounting for 66% of the quarterly results.

“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” CEO Tim Cook says. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”

However the company does show signs of slowdown, as the aforementioned record revenues reflect an increase of just 2% Y-o-Y-- a distinct decline from the 30% Y-o-Y growth seen back in fiscal Q1 2015. The company attributes such decline to slowing iPhone sales in the mature US and Japanese markets, as well as currency woes and economic slowdown hitting the rest of the world.

Continue reading...

Zagg Buys Mophie

E-mail Print PDF
Zagg Buys Mophie

In a move bringing the start of a phone accessory making empire Zagg acquires Mophie for $100 million-- creating a "diversified leader" in battery cases, external batteries, screen protectors and tablet keyboards.

Zagg makes products ranging from smartphone cases to keyboards. On the other hand Mophie is best known for iPhone and Android smartphone battery cases and external batteries packs. The deal creates a company with combined 2015 net sales of around $470m, as well as increased product creation capability and expanded global distribution channels.

Continue reading...

Page 9 of 50