The Intel Corporation (NASDAQ:INTC) and Mitsubishi Electric Corporation tie up to produce state-of-the-art factory automation systems has netted the chipmaker $9 million during a trial run at the company’s plant in Malaysia, the company has revealed.Intel Corporation (NASDAQ:INTC)’s revelation was made as the company announced its collaboration with Mitsubishi Electric Corporation that aims to produce next-generation factory automation systems. “The data mining and analytics pilots done in Malaysia have demonstrated great value and benefits for Intel manufacturing using Intel-based IoT products and technology,” Robin Martin, vice president and general manager of Intel’s Assembly and Test Group, said in a statement.…
Author: Solon Harmony B. Dolor
The rumored Dreamworks Animation Skg Inc (NASDAQ:DWA) acquisition by Softbank Corp. is just that: a rumor, David Faber said in a discussion on CNBC. Softbank Corp. has been linked to the motion picture production firm after it and Yahoo! Inc. (NASDAQ:YHOO) profited nicely from their respective stakes in Alibaba Group Holding Ltd (NYSE:BABA) which recently debuted on the New York Stock Exchange.Faber’s comment is allegedly based on knowledge culled from people who are familiar with the talks going on between Dreamworks Animation Skg Inc (NASDAQ:DWA) and Softbank Corp. “I want to put some cold water on this one. […] People,…
Alibaba Group Holding Ltd (NYSE:BABA) has sued a blogger in China and wants $81,500 in damages and for all posts from the blogger critical of the company to be taken down, a report from MarketWatch reveals. According to the publication, Alibaba Group Holding Ltd (NYSE:BABA) has sued a man named Ge Jia at the Binjiang District People’s Court in Hangzhou for allegedly maligning the company and its founder Jack Ma in more 70 blog posts written in a span of over two years. The lawsuit from the Chinese multinational which owns China’s biggest electronic commerce portal comes as the company…
International Business Machines Corp. (NYSE:IBM) and Lenovo have announced that the deal for the sale of the former’s server business to the China-based computer and smartphones manufacturer has entered the final stages but at a lower price of $2.1 billion than the initially announced $2.3 billion.According to International Business Machines Corp. (NYSE:IBM) and Lenovo, the lower price for the deal which is expected to close on October 1 is because of deferred revenue liability and the change of the appraised price of current inventory. Both the companies announced the $2.3 billion price in January. “Lenovo has big plans for the…
Ericsson (ADR) (NASDAQ:ERIC)’s Chief Technology Officer, Ulf Ewaldsson, revealed in a CNBC interview that there is tremendous pickup of 4G LTE in Asia. The remark from the executive comes as he revealed that Ericsson (ADR) (NASDAQ:ERIC) is currently building a network for 5th generation wireless systems as the world continues to adapt 4G networks. “About 5 of the biggest markets with the highest penetration are here in Asia. It starts with Korea and Singapore with [about] 48% penetration today. Then around 40% you have Japan, you have Hong Kong [and] you have Australia,” he said. According to Ewaldsson, the United…
Microsoft Corporation (NASDAQ:MSFT) and Citigroup Inc (NYSE:C) have revealed that the CitiDirect BE Tablet app is now available for corporate treasury clients to use on the Windows 8.1 platform. The announcement from Microsoft Corporation (NASDAQ:MSFT) and Citigroup Inc (NYSE:C) marks the third platform the CitiDirect BE Tablet application is running on. Free to use for institutional clients offered the CitiDirect BE banking platform, the application supports 9 launguages which is geared to cater to clients in 79 countries. “By working closely with Microsoft, we have developed a solution that can be accessed from nearly any Windows 8 or Windows 8.1…
Google Inc (NASDAQ:GOOGL) has revealed that it has partnered with third party applications developers to launch Google Drive for Work. The new addition to the Google Inc (NASDAQ:GOOGL) Drive service is being launched as the company continues its push into the enterprise space with its solutions. According to the technology veteran, the new extension of its storage service “extends the reach of business applications by taking content that previously was only available in a single application, and making it available across multiple applications — all while maintaining security.” The company said that using third party apps which can now integrate…
Intel Corporation (NASDAQ:INTC) Chief Executive Officer Brian Krzanich says that the $1.5 billion deal his company just made with the Tsinghua Group Ltd. is about mobile customers in China. The comment from the top executive was made as Intel Corporation (NASDAQ:INTC) announced it is investing up to RMB 9 Billion for about 20% ownership of the holding company under the Chinese state- funded Tsinghua Unigroup that will own Spreadtrum Communications and RDA Microelectronics. Intel Corporation and Tsinghua Group Ltd. said that the deal is expected to close early next year subject to regulatory approval. “This partnership will also enhance our…
Netflix, Inc. (NASDAQ:NFLX) is releasing a ton of content this October, a report from Business Insider India’s Kirsten Acuna reveals. The new batch of content comes as the company continues to expand its offerings as CEO Reed Hastings has committed to. The shows and movies debuting next month on Netflix, Inc. (NASDAQ:NFLX) includes one of their originals called “Uganda Be Kidding Me” starring Chelsea Handler. The special debuting on October 10 is part of the content the comedienne will be making for the content streaming company which reportedly gave her $10 million to do so. Apart from the Handler special,…
Microsoft Corporation (NASDAQ:MSFT)’s “Surface Mini” of which we have been hearing whispers recently is apparently real but won’t be actually sold by the software giant, a report from PC World exposes. Based off of information culled by the publication Neowin, Microsoft Corporation (NASDAQ:MSFT) is said to have gone as far into the production of the “Surface Mini” as making a working prototype of the device. However, Neowin noted that their source only wanted them to try the device but not take photos of it. Rumored to sport an 8-inch screen, the Microsoft Corporation (NASDAQ:MSFT) tablet was also said to be…
NXP Semiconductors NV (NASDAQ:NXPI) had an unusually high volume for mostly bearish options yesterday, the CNBC Options Action team revealed in a report. The bearish bets against NXP Semiconductors is noteworthy as Apple Inc. (NASDAQ:AAPL), the technology veteran often associated with a boost, was linked to the company recently. The activity over put options for NXP Semiconductors NV (NASDAQ:NXPI) comes as the company is reported to be linked to Apple Inc. (NASDAQ:AAPL) through its Apple Pay system. According to Melissa Lee, NXP Semiconductors NV (NASDAQ:NXPI) fell 3% yesterday as some traders are betting that the company will see more pain…
Apple Inc. (NASDAQ:AAPL) is promising a patch to be released soon for the errors caused by the iOS 8.0.1 update, Kayla Tausche said in a report on CNBC. According to the CNBC host, Apple Inc. (NASDAQ:AAPL) is also pulling the iOS 8.0.1 update as more and more users have started complaining about the issues brought about by the new software for the company’s mobile devices. “We apologize for the great inconvenience experienced by users, and we are working around the clock to prepare iOS 8.0.2 with a fix for the issue, and will release it as soon as it is…