01/17/2013, Nokia previously announced that it will axe 10,000 jobs before the end of 2013. Today, the Finnish multinational communications corporation is beginning to cut a chunk of its workforce. Via press release, Nokia says that it will transfer around 820 of its employees to Indian-based HCL Technologies and TATA Consultancy Services. Additionally, the company will lay off 300 employees in its IT organization. Nokia will be offering affected employees the […]
01/15/2013, American businessman and former Apple CEO, John Sculley, has something to say about Apple’s current situation. In an interview with Bloomberg, Sculley said that Apple has to overhaul its supply chain to meet the demand for cheaper smartphones in new markets. “Apple needs to adapt to a very different world,” he said. “As we go from $500 smartphones to even as low, for some companies, as $100 for a smartphone, […]
01/10/2013, They say that the ultimate measure of a company’s success is through its sales. That might be true for Finnish phone manufacturer Nokia, who once ruled the cellphone industry. The company has recently published preliminary information regarding its performance in Q4 last year. Nokia estimates that its Devices & Services has “exceeded expectations” and has achieved profitability in during the last quarter of 2012. Nokia is referring to its mobile […]
01/09/2013, Popular crowdsourcing company, Kickstarter, has revealed the astonishing details of its stats for the year 2012. Kickstarter really ended the year with blast, with over 2,241,475 backers pledging a whopping amount of $319,786,629. “From groundbreaking projects to inspiring stories, 2012 was a year of many memorable moments on Kickstarter,” the company announced. “To celebrate the year that was, our team put together this look back at some of our favorite […]
01/04/2013, No, the Apple-Waze deal isn’t going to happen. If you’ve been following the news lately, there was a recent rumor that Apple might acquire mapping application services provider Waze. Well, it seems that the rumor is half-true. The folks over at The Next Web are saying that both companies have indeed negotiated about a possible deal. Waze reportedly declined the offer because its investors were aiming for a much higher […]
01/03/2013, According to Greencrest Capital, Twitter may begin preparing for a public debut this year, and might even start the offer in 2014. Greencrest Capital, a firm that studies soon-to-be IPO businesses, says that Twitter’s plans are quite obvious due to the company’s recent management hirings – ex-Zynga employee Mike Gupta as the new CFO, Newsvine founder Mike Davidson joining as vice president of design, and Ali Rowghani moving from chief […]
01/02/2013, [CES 2013] Here is the Samsung Series 7 Chronos, a line of laptops that Samsung intends to present next week at CES 2013. The Samsung Series 7 is aimed at the professional market, an area where Samsung says it has expended in 2012 (according to David Song, Senior Vice President of IT & Mobile Communications at Samsung Electronics) and that it wants to accelerate in 2013. The first Samsung Series […]
12/19/2012, When Steven Sinofsky left Microsoft earlier last month, the tech industry knew that a good future is waiting for the 47-year old Microsoft veteran who was instrumental in the success of Windows 7 and Windows 8. So, if you’re wondering how Steven Sinofsky is doing, perhaps you will be interested to know that he is now a Harvard professor. Sinofsky made the announcement on Twitter saying, “Excited to return to […]
12/06/2012, As the first wave of telecommunications services based on the Open Visual Communications Consortium (OVCC) standards hit the market, we met with Polycom CEO Andrew Miller, who gave an overview of the key trends of this industry, like how video-conferencing is going to be virtualized, and how software is becoming as important as hardware, which goes against to the common perception that this is a “hardware problem”.
11/27/2012, Apple Maps has been a black-eye on all iOS products ever since it came out and still stands as the most ridiculed and, sometime hated, Apple feature. Apple Maps disclosed secret-military bases, Bloomberg reports that Richard Williamson, the leader of the Mapping team at Apple was fired by his manager, SVP Eddy Cue. This has not been officially announced at this point.
11/19/2012, Paul Otellini, the current CEO of Intel, has announced his retirement, effective at the end of the annual stockholder’s meeting in May 2013. This will conclude his 40-year career at Intel (years as CEO), a company which is 45-years old. During his tenure, stockholder dividends were raised by 181% and company generated $107B in cash. As a final contribution, he will help Intel find his replacement.
11/14/2012, The Taxi industry is often seen as an old and low-tech industry, but here in Silicon Valley, they are learning from their high-tech peers: San Francisco taxi drivers are suing transportation company Uber (no link w/ Ubergizmo other than good naming taste), for allegedly practicing unfair business competition and violating some obscure SF laws. Did we mention that Uber is killing taxis is terms of customer satisfaction?
11/13/2012, Nokia has announced that it will make its HERE mapping SDK available to Android handset manufacturers who want to integrate Nokia’s mapping service into their upcoming devices. Nokia’s demo of HERE in San Francisco was impressive and did a good job at highlighting the company’s proficiency at mapping. Nokia has reminded the audience that it is one of the few companies in the world to be so proficient at it.
11/12/2012, Steven Sinofsky who was the executive in charge of hot Microsoft products like Office, Windows 7, Windows 8 and Surface is going to leave Microsoft according to inside sources. Sinofsky has been working at Microsoft for about 23 years, and will be replaced by Julie Larson-Green, who is a Microsoft veteran as well. At this point, we do not know the reason why Steven Sinofsky has resigned, but it seems that […]