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Western Digital's hard drive operations in Thailand spent part of the company's second fiscal quarter ended December 30, 2011 waterlogged after severe flooding ravaged the area, but if it was time to sink or swim, WD chose the latter. Remarkably, the hard drive maker still managed to ship 28.5 million HDD units during its second fiscal quarter, pulling in $2 billion in revenue and profiting $145 million.
John M. Simpson, director of Consumer Watchdog's Privacy Project, inked a letter to Mr. Joaquin Almunia, vice president of the European Commission, voicing his organization's concerns over "Google's ongoing anti-competitive behavior," which includes the search giant's proposed $12.5 billion merger with Motorola Mobility. The nearly 3-page letter criticizes Google's business behavior in detail with a particular focus on why Consumer Watchdog feels the merger with Motorola should be blocked.
Intel has entered into a definitive agreement with QLogic to acquire the product lines of certain assets related to its InfiniBand business, the two companies announced in separate press releases today. According to QLogic, it's an all-cash transaction in the amount of $125 million, a sum that would make some companies cringe but barely registers as a pittance to Intel, which recently announced record full year revenue of $54 billion.
Research In Motion (RIM) is no longer at two-headed beast after it's Board of Directors acted on the recommendation of its co-CEOs Jim Balsillie and Mike Lazaridis to implement the succession plan they previously submitted to the Board, RIM said in a statement. The unanimous decision has been made to name Thorsten Heins as President and Chief Executive Officer, effectively immediately.
Looking for a job? Fortune this week revealed its list of the 100 best companies to work for, giving you plenty of options to set your sights on, some of which are harder to get your foot into the door than others. Coming out on top of Fortune's list of bodacious work places is Google, which moved up three places from its previous fourth place rank.
The Windows operating system is Microsoft's bread and butter and added $4.74 billion to the Redmond software giant's bottom line for its second fiscal quarter ended December 31, 2011. Oddly enough, that number represents a 6 percent drop in sales from the prior period. What's more, Windows sales accounted for just 22.7 percent of Microsoft's overall revenue, the lowest share in more than two years.
Seven men connected by friendship or business association were arrested this week for allegedly participating in insider trading, the Federal Bureau (FBI) of Investigation announced in a candid press release. These latest arrests are the most recent developments in "Operation Perfect Hedge," the FBI's systematic targeting of insider trading in the hedge fund industry that began more than four years ago.
It sort of stands to reason that a company which makes photography equipment would be all smiles, especially one that's been around for over a century. The Eastman Kodak Company, founded in 1892, hasn't had a whole lot to smile about this week. Kodak on Wednesday announced it was filing a lawsuit against Samsung for allegedly infringing on certain patents related to its digital imaging technology, and just a day later the company is filling out more paperwork as it files for Chapter 11.
With the way things have been going lately, it wouldn't be the worst thing in the world for Research In Motion if a company swooped in and scooped up the BlackBerry handset maker, especially if said company was Samsung. There's only one problem with that specific scenario: Samsung isn't interested. Never has been and probably never will be.
Hey look everybody, Yahoo just appointed a new CEO! Don't worry if you missed it or are otherwise preoccupied to pay attention, there's a good chance you'll get another opportunity to see Yahoo anoint a new chief. With all due respect to Scott Thompson, the former PayPal executive who's now in Yahoo's hot seat, he's Yahoo's fourth CEO in less than five years. How's that for job security?







