Skip to Content

Are you prepared for Wrath of the Lich King? WoW Insider has you covered!
AOL Tech

Posts with tag business

Sprint Nextel sells off "nearly all" of its towers to TowerCo for $670 million


Details are scarce right now, but you can make of it what you will. Sprint hasn't been in the best of situations since it acquired Nextel in 2005, and while this move may not be seen by everyone as definitively negative, it certainly is worth noting. The flagging carrier sold off "nearly all" (around 3,300) of its wireless communication towers to TowerCo for some $670 million in cash. According to Sprint Nextel's Bob Azzi, the move to lease rather than own these network facilities will enable it to "better focus on its core business of providing communications services to consumers, businesses and government customers." He continued by noting that the transaction "provides Sprint Nextel with additional liquidity [for] greater flexibility in managing the company." Whatever you say, sir.

[Via InformationWeek]

MSI to reportedly build LG's X110 netbook


MSI has been pretty successful with the Wind, wouldn't you say? Yeah, so would LG. Reportedly, LG is hoping to solicit MSI's services in order to craft its own X110 netbook. The mini laptop will purportedly boast an 8.9-inch panel, 120GB hard drive, 2GB of RAM and Windows XP runnin' the show. Interestingly, the price is expected to hover between $625 and $790 as it focuses on "design and material quality" rather than low cost. Anxious to see how that move plays out, aren't you?

TiVo lets users buy stuff from Amazon on their TV, all three QVC fans go wild


Back in May, TiVo's VP of product marketing got all of our hopes up that the next announcement involving it and Amazon would include HD Unbox content. As you can very clearly see, this is most certainly not the case. Instead, we have the immense pleasure of informing internet-connected Series2, Series3 and TiVo HD owners that they can now buy wares from Amazon without leaving their couch. If browsing through Amazon's extraordinarily huge store with just a remote sounds appealing to you, you're in luck (and mildly insane). Also of note, the new Product Purchase feature will enable advertisers to "market products sold through Amazon on any broadcast or cable network, any TV show, or via any of TiVo's extensive interactive advertising features." In other words, next time you see Dwight using that iconic shredder, you can buy that bad boy right then and there. Take that, Staples.

[Via Zatz Not Funny]

Hector Ruiz steps down as AMD CEO


Don't say the writing wasn't already littering the walls, because it was. Just months after AMD hacked its workforce by 10% and let its CTO walk away without being replaced, the company's second CEO after Jerry Sanders has spent his last day in AMD's biggest corner office. Hector Ruiz has decided to walk away from his role in the flagging outfit, leaving his right hand man (that would be Dirk Meyer) to take over whatever there is to take over. Of note, Mr. Ruiz will still have ties with the company as he remains on its board of directors as "executive chairman," though it's hard to say how much influence he'll have from there. Really though, what's next?

[Thanks, nehemoth]

Art Lebedev opening Optimus Store in New York next month

We highly doubt Art Lebedev chose the opening day of the 2008 Beijing Olympics on purpose here, but nevertheless, the design studio made famous by its Optimus Maximus keyboard will be opening up shop in the Big Apple on August 8th, 2008. At first, the store will actually be held within RCS Computer Experience at 575 Madison Ave. and E. 56th Street (on the second floor, just opposite the escalator), but if sales start pouring in, we reckon it could land its own place in due time. It is noted that this location will devote almost all of its shelf space to Optimus Maximus keyboards, but a few other electronics gizmos should be available as well. So, who's camping out for the opening?

Syntax-Brillian waves the white flag, files for Chapter 11 bankruptcy

So yeah, apparently that whole attempt to "streamline operations" back in April didn't go over so well, as Syntax-Brillian -- you know, that firm neck deep in panel partnerships and responsible for Olevia HDTVs -- has just filed for Chapter 11 bankruptcy. The Arizona-based company has also "entered into a deal to sell certain of its assets to a newly created company called Olevia International Group LLC," which has agreed to pick up some $60 million of its secured debt. We're also told that operations in Tempe have ceased, and "about eight employees" (including the finance chief, general counsel and finance staff) are sticking around with nothing better to do.

[Thanks, Paul]

Leadership crisis facing Samsung, says top executive


When Samsung Electronics named Yoon-Woo Lee as vice chairman and CEO a few months back, we were hoping that all that rioting and poster burning would subside. Although we haven't heard of any more breakouts of late, things are apparently still rocky on the inside. Lee Soo-Bin, chairman of Samsung Life Insurance and current representative for the Samsung Group, admitted that "without a captain or rudder, Samsung now faces a complex crisis, with each unit meeting cut-throat competition independently." He continued to say that the group "was able to ride out a previous crisis together thanks to former chairman Lee Kun-Hee's strong leadership and the guidance of the Strategic Planning Office, [but] now it could not do so." From the outside looking in, it's a bit tough to really understand what he's getting at, but whatever the case, those are most definitely not the words you want coming from the mouth a head exec.

Sony Ericsson issues second profit warning of the year, hopes to break even in Q2


Although Sony Ericsson just churned out a rather impressive array of new handsets this month, it seems the outfit is still having trouble securing record-setting profits. Truthfully, it's struggling to break even, as evidenced by the second profit warning of 2008 that was issued last week. SE is pinpointing "disappointing European sales of its mid- and high-end mobile phones" as the reason it will likely not see a profit in Q2, and some analysts are suggesting that shipment delays and a dearth of low-end handsets also carry a share of the blame. 'Course, the hotly-anticipated Xperia X1 could certainly make for a lovely Q3, but only time will tell if enough folks shell out for it to make a difference.

Reflect table monitors conversations with LEDs, shows who's all talky

Reflect table
There's always that guy (or girl) who dominates meetings, saying the same thing over and over again, or just repeats what others say. We all find it annoying, and we all wish there was some way to make that blabbermouth aware of his (or her) social transgressions. Enter the Reflect table. Reflect monitors conversations and visualizes -- literally -- who has the table using an array of color LEDs. Microphones listen to all the talk and show who is currently talking, who talks the most, and who's being left out. This could be great for business meetings to tone down the "thinking outside the box," but could also be a terrifying ordeal on a first date.

[Via MAKE]

Zappos hires robots to take over inventory floor


Just think -- Zappos has been shipping out shoes .9284 minutes after you order them for years with mere humans running the show. Now, your new kicks will likely be at your doorstep moments after you think of ordering them. Said e-tailer has just completed implementation of Kiva Systems' Mobile Fulfillment System, which will see "a fleet of Kiva's mobile robotic drive units and inventory storage pods" hit the company's Shepherdsville, Kentucky facility. The move is being made to keep its distribution system in tip-top shape even with the addition of new products outside of just footwear, and unless some of those mechs grow a mind of their own, we'd say things should pan out just fine.

[Via CNET]

Maxdata runs aground, files for insolvency


Just a few months ago, we were all checking out Maxdata's Belinea s.book 1 Mini-Note and expecting huge, just huge things from the company. Fast forward to today, and you'll find those hopes and dreams essentially smashed. According a post on the outfit's website, it has "filed for insolvency proceedings at the Local Court in Essen due to pending illiquidity." Maxdata blames the "high pressure of competition and the immense fall in prices in the IT industry" as the primary reasons for its downfall, and it also makes note that a restructuring effort that launched in 2006 was ineffective (you think?). As it stands, management is now attempting to continue business "with the support of the insolvency administrator, securing as many jobs as possible" and retaining the Maxdata / Belinea brands. Good luck out there, it's a long climb back to the top base.

[Thanks, Jari]

European Commission approves Nokia's acquisition of Trolltech


Not like we were really suspecting any issues or anything, but the European Commission has just made public its "unconditional approval" of Nokia's "voluntary tender offer for all the shares in Trolltech ASA." In other words, Nokia's acquisition of Trolltech is officially complete, with today being the final day in which the latter company is listed on the Oslo Stock Exchange. Such a cute couple, don't you think?

Intel spearheads SpectraWatt spin-off to create photovoltaic cells


Famed chip maker Intel is doing more than just buying up Renewable Energy Certificates like they're going out of style. It's cranking things up with a spin-off outfit that will soon be creating photovoltaic cells for solar module makers. Intel Capital is pouring some $50 million into SpectraWatt Inc., and it's being joined by Cogentrix Energy, PCG Clean Energy and Technology Fund and Solon AG. Aside from making that dough, the new company will also "concentrate development efforts on improvements in current manufacturing processes and capabilities to reduce the cost of photovoltaic energy generation," and if everything goes smoothly, it should break ground on its manufacturing and development facility in Oregon in 2H 2008 (with product shipping in mid-2009).

Acer promotes Gianfranco Lanci to CEO, J.T. Wang becomes Acer Group CEO

It's not like Acer's Gianfranco Lanci (shown right) was hurtin' for cash -- after all, the guy was (and still is) president of the company -- but there's just nothing quite like slapping "and CEO" on the end of said title. Approved by the outfit's Board of Directors today, Mr. Lanci has been promoted to Chairman, while the previous CEO, J.T. Wang, will serve as Acer Group CEO. From what we can tell, there's no hard feelings about any of the moves, and c'mon, it is nice to move from one corner office to another every now and then, you know?

[Via PCWorld]

SanDisk acquires MusicGremlin, slips it in front pocket


Quite a bit of time has elapsed since we last saw fit to mention MusicGremlin on these pages, but the long-lost outfit has found itself relevant again thanks to SanDisk. Announced today, the latter firm has acquired the former, and we're told that the acquisition will (expectedly) fall under the Sansa audio / video business unit. According to Daniel Schreiber, general manager and senior VP of the aforesaid unit, MusicGremlin's "digital distribution platform and capabilities will provide SanDisk with adaptive and innovative technology that will play a key role in the development of future Sansa products for consumers," though he didn't elaborate much beyond that. To be frank, we have some serious respect for the Sansa line as-is, so we're quite interested to see what impact (if any) this will eventually have on the crew we've come to know so well.



AOL News

Other Weblogs Inc. Network blogs you might be interested in: