Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Sony says PlayStation Network will return to Asia, starting tomorrow

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Good news, Asia -- the PlayStation Network is finally coming back. Today, Sony announced that it will restore its gaming network across the continent, more than a month after falling prey to a crippling data breach. The company's PSN services are already up and running across other parts of the world and, beginning tomorrow, will light up once again in Taiwan, Singapore, Malaysia, Indonesia, Thailand and even Japan, which had been harboring serious reservations about the network's security. Gamers in South Korea and Hong Kong, meanwhile, will have to wait a little longer before returning to normalcy, though Sony is hoping to completely resolve the issue by the end of the month. The company certainly seems eager to put this saga to bed, and for understandable reasons. The incident has already cost Sony an estimated $171 million in revenue -- not to mention the untold numbers of suddenly wary consumers.
sourceBloomberg

Ericsson to manage Clearwire's 4G network as part of cost-cutting deal

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Now that Clearwire definitely isn't producing its own smartphone, the company has apparently decided to focus its efforts on maintaining its WiMAX network -- with the help of Ericsson. Yesterday, the 4G operator announced that it had struck a seven-year deal with the Swedish telecom firm, just a few months after fighting a brief trademark lawsuit filed by Sony Ericsson. Under the arrangement, Ericsson will assume all network engineering, operations, and maintenance responsibilities, allowing Clearwire to concentrate on cutting costs and increasing efficiency. Clearwire will retain ownership over its technology and will still handle all customer relations, but about 700 of its employees will be transferred to Ericsson. The Kirkland-based company says its decision was at least partially influenced by new best friend Sprint, which forged a similar partnership with Ericsson back in 2009. Financial details on the new deal remain fuzzy, though Clearwire says it expects to see a major reduction in operating costs -- which sounds like the right prescription. Full presser after the break.

sourceClearwire

Samsung's 11.6-inch Series 9 now shipping in the US, priced at $1,160

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It's been about a month since Samsung's 11.6-inch Series 9 laptop first surfaced for pre-order on Amazon, and now it's finally available for shipping. Touting a $1,160 price tag, this duralumin-enclosed little beast packs an Intel Core i3-380UM processor, 2GB of RAM and a 64GB SSD. The 2.3-pounder also ships with 802.11b/g/n wireless, Bluetooth 3.0 and WIMAX 4G capabilities, along with a 1.3-megapixel HD webcam and a 1366 x 768 display with 340 nits of brightness. The newest addition to the Series 9 family is available on Amazon, Circuit City and Tiger Direct, but if they don't suit your fancy, you can check with Samsung to find a full list of retailers, below.
Netbook News
sourceAmazon

Reuters: a failed takeover of T-Mobile would cost AT&T as much as $6 billion

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AT&T's proposed acquisition of T-Mobile was a big deal as soon as it was announced, but now Reuters has unearthed some more context to lend it even more cruciality. We already knew that in the event of AT&T&T-Mobile failing to garner regulatory approval, AT&T would owe Deutsche Telekom, the current owner of T-Mo USA, $3 billion in cash, some spare AWS spectrum, and a roaming agreement "on terms favorable to both parties." Reuters' sleuths say that the spectrum in question is worth $2 billion and the roaming deal a further $1 billion, bringing the total breakup payout to a hair-raising $6 billion. Given the wording of the two companies' deal, we don't expect the roaming part of that settlement would be free for T-Mobile (so $6b looks to be a bit of an over-estimation), but the fact remains that AT&T is staking a whole lot of moolah on this takeover going through. Whether it does or not, Deutsche Telekom's René Obermann (above left) looks assured to still be laughing this time next year -- but will the same be true of AT&T's Randall Stephenson?
sourceReuters

What stalled negotiations between Google and the music industry? (Hint: money)

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It's no secret that negotiations between Google and the recording industry haven't been going very well. Perhaps even less surprising are the reasons behind the stalemate. According to the Hollywood Reporter, discussions between the two parties have sputtered thanks to three usual suspects: money, file-sharing and concerns over competition. During licensing talks, Google agreed to pay upfront advances to all participating labels, but the major players wanted bigger guarantees. That prompted the indie contingent to ask for similar money, unleashing a snowball of stakes-raising. The two sides also failed to agree on how to handle pirated music, with the industry demanding that Google not only ban illegally downloaded files from users' lockers, but that it erase P2P sites from its search results, as well.

Hovering above all this bargaining was a thick cloud of destabilizing uncertainty. Some execs welcomed the idea of a new iTunes competitor, while others were less enthusiastic, amid concerns that Google Music wouldn't deliver new revenue streams. The ultimate question, of course, is how negotiations will proceed now that Google's already launched the service. The labels were warned that Tuesday's I/O announcement was coming, but the search giant didn't do much to mend fences when it effectively blamed the record execs for holding up negotiations. It's hard to say whether Google's bravado will help or hurt matters, but according to a source from a major label, "People are pissed."
sourceThe Hollywood Reporter