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IBM to Cut 25% of its Workforce?

IBM has denied a report by Forbes that it is planning to cut more than 100,000 jobs, as much 26% of its workforce, describing the idea as “totally ludicrous”.  However, several IBM sites across the world have reported that staff are being made redundant, and IBM itself said during its Q4 earnings report (see Finance Results) that … Read more

Samsung Profit Fell for First Time in 3 Years

Samsung warned earlier this month that its yearly profit would fall for the first time in three years, and this week its results were confirmed. For the year, Samsung posted a net profit of KRW22.4 trillion ($20.3 billion) on turnover of KRW206.2 trillion ($187.4 billion), which compares with a net profit in the previous year … Read more

LG Annual Profit Soars 125%

LG Electronics reported a 125% increase in net profit for last year, rising to KRW501.4 billion ($474.8 million). Turnover for the year of KRW59 trillion ($55.9 billion) was mainly boosted by a 24% increase in smartphone shipments. LG’s fourth quarter turnover of KRW15.3 trillion ($14 billion) was 5.5% higher year on year. The company recorded … Read more

Hon Hai Says it’s Not Cutting Jobs

Hon Hai Group says it does not plan to reduce the number of people it employs and that it will maintain its employee numbers at more than one million worldwide. The group was responding to reports that its subsidiary, Foxconn Technology, was to reduce its massive workforce, in the face of rising labour costs caused … Read more

UMC Result 30/01/2015

United Microelectronics Corp. (UMC) reported its best quarterly net profit in seven quarters in Q4, thanks to a one-time license fee from Fujitsu. Net profit for the quarter reached NT$4.5 billion ($142.3 million), while turnover was NT$37.2 billion ($1.2 billion). For the year, UMC’s net profit was NT$12.1 billion ($382.7 million) on turnover of NT$140 … Read more

UltraHD Sport Broadcast Live in Japan

Japan’s Wowow satellite TV station has successfully broadcast two UltraHD programmes: a tennis match in Tokyo and a boxing match in Yokohama. The events were broadcast live from the company’s studio for Belle Salle Akihabara Event Hall in Tokyo, for public viewing on an UltraHD 355″ LED display. Wowow used the Barnfind Barnone BTF1-07 WDM system for … Read more

Pay-TV Rises in UK but TV Ownership Falls

According to UK regulator Ofcom, 61% of adults in the country take a pay-TV service, an increase from 58% in 2013. DTT coverage is ‘almost universal’ (98.5%), although there was an increase in non-ownership of digital TV (from 2% to 4%), which was most notable amongst 16-24 year-olds. 83% of households have internet access and … Read more

Computer Graphics Drive Display Applications

French designer Benoît Dereau has produced a striking example of the capabilities of computer graphics (CG). His Unreal Paris video (embedded below) created using Unreal Engine 4 illustrates for me the manner in which advances in computer graphics drive display applications in gaming, architectural rendering and more. I watched Unreal Paris at my desktop computer monitor and found that the overall design, … Read more

Vuzix Delivers Working Enterprise Smart Glasses Solution to DHL for Warehouse Picking

Vuzix® Corporation (NASDAQ: VUZI) (“Vuzix” or, the “Company”), a leading supplier of video eyewear and smart glasses products in the consumer, commercial and entertainment markets, announced that its M100 Smart Glasses along with warehouse “vision picking” software developed by Ubimax, a leading wearable computing solutions company has successfully delivered hands-free warehouse solutions for DHL, the world’s … Read more

Lattice Semiconductor To Acquire Silicon Image For Approximately $600 Million

Lattice Semiconductor Corporation (NASDAQ: LSCC), a leading provider of programmable connectivity solutions, and Silicon Image, Inc. (NASDAQ: SIMG), a leading provider of wired and wireless connectivity solutions, today announced that they have signed a definitive agreement, pursuant to which Lattice will acquire Silicon Image in an all-cash tender offer of $7.30 per share, representing an … Read more