International think-tank Ethisphere named a number of tech firms in its list of World's Most Ethical (WME) companies for 2013.
Security firm Symantec has been named one of 2013's World's Most Ethical Companies by Ethisphere Institute, an international think-tank and supposedly the only provider of third-party verifications of compliance programs. Ethisphere's methodology includes reviewing codes of ethics, litigation, and regulatory infraction histories, along with evaluating the investment in innovation and sustainable business practices, among other criteria.
As OCZ runs out of options (and money), the company may opt to sell off various assets.
The past six months or so have been tumultuous for OCZ Technology, a company that analysts expected might sell itself after its founder and then-chief, Ryan Petersen, abruptly left. Instead, OCZ hired a new CEO who vowed to address credibility problems and turn things around, which unfortunately entailed sacking 28 percent of its staff and dropping 150 product lines. Where does OCZ stand today? In need of cash and running out of options.
Gabe Newell insists all green-lit projects are still a go.
Something strange is going on at Valve, and nobody seems to have any concrete answers. For the first time, the employee-friendly company issued a number of layoffs -- perhaps as many as 25 -- across multiple divisions, including hardware and Android departments, according to Gamasutra. One of those employees is Valve's director of business development, Jason Holtman.
Compared to a year ago, Nvidia's sales figures are looking mighty strong.
The transition to mobile is barely affecting Nvidia's bottom line, which raked in $1.11 billion last quarter. That's a decrease of 8.1 percent sequentially, but an increase of 16.1 percent year-on-year, the GPU maker said. Furthermore, Nvidia's full year revenue reached a record high of $4.28 billion, jumping more than 7 percent compared to a year ago. Between its GPU and Tegra sales, which grew 7 percent and 90 percent, respectively, from a year ago, Nvidia is firing on all cylinders.
A group of key shareholders stand a fighting chance of derailing Michael Dell’s ambitions to take the company he founded private.
The possibility of a privately held Dell has sparked our imagination, and also left us scratching our heads. As one of the leading PC OEM’s of our generation Dell has had a profound impact on personal computing, however, they also have a long history of failure that shouldn’t be forgotten. The big question facing Dell shareholders today is what the company’s long term prospects are, and if a $24.4 billion buyout offer by Michael Dell and his consortium is in their best interest.
Slumping TV and game sales led Sony to post a third quarter loss.
Sony reported its financial earnings (PDF) for its third fiscal quarter ended December 31, 2012, noting that it generated revenue of $22.4 billion, up 6.9 year-over-year. Unfortunately for Sony, it added up to a net loss of $115 million, though there's actually a couple of reasons why the company shouldn't be too disappointed. For one, that's compared to a $1.7 billion loss a year prior. And secondly, Sony ended up with an operating profit of $534 million for the quarter, putting the company in the black for its fiscal year.
Microsoft's $2 billion loan helped Michael Dell and partners purchase Dell for $24.4 billion.
First things first -- if you haven't heard by now, Dell is going private. Michael Dell, with the help of private equity firm Silver Lake and a significant loan from Microsoft, have agreed to pay Dell's public shareholders $13.65 a share, valuing the transaction at $24.4 billion. Now Mr. Dell is free to run the company without having to answer to shareholders, and while it will likely be years before we know if this was in the best interest of Dell, there's an interesting side story involving Microsoft that deserves attention.
Slumping PC sales didn't stop Lenovo from shipping 14.1 million computers last quarter.
Have you heard the one about the post-PC era? Of course you have, probably a thousand times by now because of all the attention being paid to tablets and smartphones, and the uncertainty surrounding Microsoft's touch-friendly Windows 8 platform. But don't believe anyone who tells you the sky is falling -- including Apple CEO Tim Cook, who justified the launch of a $799 128GB iPad by saying people would rather play on his tablet "than their old "PCs" -- because Lenovo is proving there's still a significant market for computers.
Michael Dell reportedly wants to assume majority control of Dell.
Dell co-founder and chief executive officer Michael Dell may contribute equity financing of $500 million to $1 billion to increase his ownership in the company above 50 percent, giving him majority control, Bloomberg reports. Mr. Dell currently owns a 15.7 percent stake worth in the neighborhood of $3.6 billion. Other partners include private equity firm Silver Lake and Microsoft, each of which would contribute $1 billion to $2 billion.
Over 60 million Windows 8 licenses have been sold to date, according to Microsoft.
Microsoft this week announced record quarterly revenue of $21.45 billion for the three-month period ended December 31, 2012. Redmond's Windows Division posted revenue of $5.88 billion, up 24 percent from one year prior, though on a pro forma basis that number slides to 11 percent after factoring in net deferral of revenue for the Windows Upgrade Offer and the recognition of the previously deferred revenue from Windows 8 pre-sales.