Shares of Advanced Micro Devices (AMD) have fallen below $2, dropping more than 3 percent to $1.86 by the end of the trading day on Thursday. That's not only a 52-week low for the Sunnyvale chip designer, but it's the first time the company's stock has dipped below $2 since 2008. A recent report indicating AMD had hired J.P. Morgan Chase to "explore options," including an outright sale of the company, sparked the downward spiral, and though AMD has denied claims it's shopping itself around, investors are understandably skittish.
Shares of chip designer Advanced Micro Devices (AMD) surged by more than 18 percent following a report that it's hired J.P. Morgan Chase to "explore options," including an outright sale of the company. Before anyone panics, no sale is imminent, and it appears AMD would much rather offload some of its patents to generate some much needed cash, but at the same time, all options are on the table.
OCZ Technology recently appointed a new chief to address a credibility problem and save what looked like a sinking ship, and in order to that, company CEO Ralph Schmitt has had to make some tough, "aggressive" decisions. Among them is the reduction of 28 percent of OCZ's global workforce and a discontinuation of 150 product variations, both of which were described as "initial steps to make its business more efficient and profitable."
This. Is. Awesome. If you follow a rainbow all the way to the end, you're supposed to discover a pot of gold, only no one ever seems to get that lucky. By that same token, if you were to trace the Internet's many roads and highways, you'd find that many of them end up at one of Google's data centers, and like that elusive pot of gold, you never get to actually see it. Until now.
A survey by Wakefield Research reveals that most American consumers are still in the dark about LEDs, so Ikea has made it the company's mission to enlighten them by selling lighting products that are LED-only. The bold initiative is being rolled out over time. Ikea's goal is to switch its full lighting range to 100 percent LEDs by 2016, which means the furniture store will sell only LED bulbs and LED lamps.
In case you missed it over the weekend, either because you disconnected from the Internet to enjoy the last few days of summer, or don't have a Facebook account, Neil Armstrong, the first man to set foot on the moon and who made "one giant leap for mankind," died at the age of 82. Armstrong passed away on Saturday, August 25 as a result of complications from cardiovascular procedures, his family said in a statement.
Samsung, the world's largest producer of memory chips, is planning to invest a whopping $4 billion in its Austin, Texas factory in order to renovate the facility and boost production of mobile chips used in smartphones and tablets, according to several reports. The investment is in addition to nearly $2 billion the company committed to spending on a new plant in South Korea last June.
Another pioneer in the field of PCs has passed away, adding to what seems like an unusually large number of deaths in the technology sector during the past year or so. This time it's Victor Poor, a mostly self-taught engineer who began working at Intel in 1969 and helped develop the chip maker's first single chip microprocessor later known as the 4004. A marvelous piece of silicon at the time, the 4004 was a 4-bit CPU that made use of new silicon gate technology.
A team of researchers in Singapore have come up with a full color printing method capable of producing the world's highest quality photos with a resolution of up to 100,000 dots per inch (DPI). The astounding achievement, as outlined in Nature Nanotechnology, could be used for making microimages for security purposes, stenography, nanoscale optical filters, and high-density spectrally encoded optical data storage.
Samsung wasted no time in sending a team of executives to one of its suppliers' factories in China to investigate claims that it may be using child labor. The in-house investigation is in rapid response to a China Labor Watch (CLW) report alleging to have found issues of underage workers and student labor exploitation at HEG, which builds mobile phones, DVDs, stereo equipment, and MP3 players for Samsung.