New boss Cook says he will not change the firm August 25, 2011 NEW Apple boss Tim Cook last night promised his tenure will continue the legacy of Steve Jobs. In his first action as chief executive he told employees: “I want you to be confident that Apple is not going to change. “I cherish and celebrate Apple’s unique principles and values. Steve built a company and culture [...]
CITY VIEWS: DO YOU THINK APPLE WILL SURVIVE AFTER STEVE JOBS? August 25, 2011 MARK PEARCE | SEVEN BANK “The company was accomplished before Steve Jobs, so why can’t they survive now?” RICHARD WATKINS | ADAMSON & PARTNERS “I think so. Apple is so well established, even with the departure of Jobs they have made history.” PAUL HARROWER | BNP PARIBAS “Yes, it is such a large company that [...]
STEVE JOBS QUITS AS APPLE’S CHIEF August 24, 2011 STEVE JOBS last night resigned as chief executive of Apple, telling the board he is no longer able to meet his duties. His shock departure heralds the end of an era for one of the world’s biggest firms and most colourful chief executives. The decision follows a seven month medical leave of absence, during which [...]
Apple wins patent case August 24, 2011 APPLE has won an injunction in a Dutch court to stop Samsung Electronics from marketing three smartphone models in some European countries after alleging a breach of patents. Apple argued that Samsung had infringed on three of its patents. The court ruled that Samsung smartphones Galaxy S, S II and Ace breached just one of [...]
Investors chance their ARM August 23, 2011 SHARES in chip designer ARM Holdings continued to creep up yesterday as investors eyed further consolidation in the technology sector. It has been buoyed by HP’s shock $10.2bn (£6.2bn) deal to buy UK software firm Autonomy. Intel, which has been out-manoeuvred by ARM in the mobile chip market, has been persistently linked to the firm. [...]
Apple reaches top of the world – but will it stay there? August 22, 2011 @steve_dinneen LAST week Apple achieved what even a year ago seemed all-but impossible – it became the biggest company in the world. In shuffling, albeit briefly, past oil giant Exxon Mobil, it joined an ultra-exclusive club of just 10 companies to have held the top spot in the history of the S&P 500. And unlike [...]
HP to pay £6bn for Autonomy August 18, 2011 HEWLETT-PACKARD is buying the UK’s most valuable software company Autonomy for $10.2bn (£6.2bn), in the latest takeover of a major British company by an American firm. The deal was announced last night as HP unveiled its third quarter earnings and is part of a massive shake-up at the US computing giant, which is also exploring [...]
Lenovo cedes ground to Apple in its native China August 18, 2011 APPLE’S sales have taken over those of Lenovo in China for the first time. As the third-largest personal computer company in the world by shipment volume, the Chinese firm holds the top spot as the industry’s fastest-growing firm for the seventh quarter consecutively. It announced yesterday that its China sales rose 23.4 per cent to [...]
Kodak soars as its patents hit £1.8bn August 17, 2011 PHOTOGRAPHIC film-maker Eastman Kodak saw its stock soar by almost a quarter yesterday after its portfolio of digital-imaging patents was valued at up to $3bn (£1.8bn) by MDB Capital Group. In the wake of Google’s $12.5bn patent-led acquisition of Motorola, patents have become hot property. The valuation means Kodak’s patents could be worth five times [...]
Markets cool over Google’s Motorola bid August 16, 2011 MARKETS were yesterday digesting the implications of Google’s shock $12.5bn (£7.6bn) bid for Motorola Mobility. Google slumped 3.4 per cent, continuing the cool reception after the announcement on Monday. However, investors across the sector appeared to be cautiously optimistic, with hopes that the bid will help to mitigate the adverse effects of future patent battles. In [...]