Panasonic bows out of consumer smartphone race September 4, 2013 PANASONIC will pull out of the smartphone market in Japan and pare its smartphone operations to outsourced production in emerging markets like India, its president said yesterday. The electronics company, which has suffered $15bn (£9.6bn) in losses over its latest two financial years, is staking its future on switching from a consumer gadget maker to [...]
Best of the brokers for 05 September 2013 September 4, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com PACE Numis tells investors to “sell” shares in the set-top box maker, warning that a glut of disruptive TV platforms from Apple, Intel and Sony is threatening to unsettle the firm’s market. The broker has a target of 200p. SALAMANDER ENERGY Morgan Stanley [...]
Artificial Intelligence will destroy jobs – but technological pessimism is wrong September 4, 2013 DEVELOPMENTS in Artificial Intelligence (AI) will be among the most exciting advances of this century. No longer the preserve of science fiction, from driving our cars to managing our health, the products of AI research are already quietly revolutionising our world. But warning bells are ringing. John Maynard Keynes coined the term “technological unemployment” to [...]
Gizmos to get the brain in gear September 4, 2013 The kids suffering from end of summer blues? Alex Dymoke chooses eight gadgets to help ease in the new academic year Seagate ultra-portable external hard drive 500GB £145.00 Losing unsaved work is every student’s worst nightmare. Take no chances with this usefully pocket-sized external hard drive from Seagate. amazon.co.uk Samsung Chromebook £229.00 If the Macbook [...]
Microsoft’s Nokia deal dents hedgies September 3, 2013 US COMPUTING giant Microsoft’s surprise deal to buy Nokia’s mobile devices arm for €5.33bn (£4.5bn) yesterday delivered a nasty shock to the hedge funds who had been short selling the Finnish firm’s stock. Nokia’s share price rose 40 per cent after the announcement yesterday, a jump caused by the high number of short sellers, typically [...]
Social traders are betting on the wisdom of global crowds September 3, 2013 But some doubt how influential the newest trading trend will be THE FIELDS of social networking and trading are beginning to collide, threatening to change the way retail traders operate. A few weeks ago, legendary investor Carl Icahn tweeted that Apple was “extremely undervalued”, stating that his company Icahn Enterprises held a large position in [...]
Nokia shares jump 45 per cent on Microsoft tie-up September 3, 2013 A huge technology deal done behind closed doors has been announced, with Microsoft's purchase of Nokia's mobile phone business for €5.44bn (£4.6bn) (release). Nokia shares have jumped 45 per cent on the news. Nokia shares up 45% on the open in response to the Microsoft news, back to 2012 highs. Chart: pic.twitter.com/1ouewLzMyA — David Jones [...]
HTC shares plummet as staff arrested September 2, 2013 TAIWANESE smartphone manufacturer HTC saw its shares tumble yesterday on the news that senior executives have been arrested leaking commercial secrets. Shares of the Taipai-listed company fell five per cent in trading as police confirmed four design directors were arrested on Friday. Prosecutors in Taiwan said yesterday that Thomas Chien, HTC vice president of product [...]
Samsung to beat Apple to the finish line in smartwatch race August 27, 2013 KOREAN electronics giant Samsung will reveal its smartwatch concept next week, just days ahead of Apple’s rumoured 10 September iPhone event. The Galaxy Gear smartwatch will be unveiled at a launch event in Berlin on 4 September, Lee Young Hee, vice president of Samsung mobile confirmed yesterday. Hee told The Korea Times in an interview [...]
What the other papers say this morning – 27 August 2013 August 26, 2013 FINANCIAL TIMES MPs step up campaign to break up RBS MPs are stepping up their campaign for a break-up of Royal Bank of Scotland amid suspicions in Westminster that RBS and Treasury officials will try to scupper a good bank-bad bank split. In a letter in today’s Financial Times, the influential Parliamentary Commission on Banking [...]