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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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iTunes is 10 years old today. Was it the best idea Apple ever had?

Category : Business

While the shares fall and the smartphone wars rage, Apple’s music store keeps growing – and tying users into its platform

Steve Jobs put a new slide up on the huge screen. “We started about a year and a half ago to create a music store,” the Apple chief executive told the audience. “That meant we have to go and negotiate with the big five music companies. Now, before we did this I was reminded of a quote from Hunter S Thompson about the music industry.”

He looked up at the screen. In giant letters it read: “The music business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like

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CalAmp Introduces M2M API, an Application Programming Interface for Wide-Ranging Mobile Resource Management Deployments

Category : Stocks

Enables Rapid Customization of CalAmp’s Broad Hardware Portfolio for a Variety of Applications and Vertical Market Segments

Read this article: CalAmp Introduces M2M API, an Application Programming Interface for Wide-Ranging Mobile Resource Management Deployments

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UPDATE: Paragon Software Group Launches High Availability Storage Solution With Instantaneous Failover and Recovery

Category : Stocks

Paragon StarWind iSCSI SAN & NAS Offers Savings of up to 90 Percent When Compared to Proprietary Hardware-Based Products

See the original post: UPDATE: Paragon Software Group Launches High Availability Storage Solution With Instantaneous Failover and Recovery

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Category : Stocks

Dragon Holdings AG announced today that it will be proposing a 5% dividend
payment to its shareholders at the company's AGM in 2013. If approved by
the shareholders, this will be the first dividend paid by the company.

CEO, Michael Hughes, stated:
'The decision has been taken based on a very successful past two years, our
strong financial position and excellent prospects moving into 2013. Whilst
subject to final approval by our shareholders, we are confident that our
continued success will support the necessary decision'.

In accordance with German Stock Corporation Regulations, all shareholders
in the company at the date of approval are entitled to receive the dividend
About Dragon Holdings AG

Dragon Holdings AG has its headquarters in Munich, Germany and operates as
a holding company for the Sale & Distribution of various IT Hardware
products, as well as diverse business activities related to Algorithmic
Trading Technology. Through its subsidiaries, Dragon Holdings AG markets
trading platforms worldwide, offering its clients complete service that
includes software and hardware. The holding has developed its own
successful automated trading system that uses mathematical algorithms as
well as risk management software to trade on Forex and Commodity markets.
For more information, please visit our company website:

If you have any questions, please contact our Investor Relations Team for

Dragon Holdings AG
Promenadeplatz 10
D-80333 M

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BlackBerry 10 Developer Program Updated

Category : World News

Tools updates, new rewards, hardware opportunities, and revenue commitments to help drive further momentum among developers

Read this article: BlackBerry 10 Developer Program Updated

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HP’s figures reveal bigger problems than Autonomy | Charles Arthur

Category : Business

HP needs to forget about Autonomy and recognise that it is a company failing on several fronts, not least the mobile market

Although the noise from HP on Tuesday was about the accusations against unnamed former managers at Autonomy, the real concern should be that the company which Silicon Valley once looked to as the engine of invention is spluttering.

Ignore Autonomy; the figures that should really have HP’s management and shareholders worried, from its fourth-quarter financial figures, begin with its PC division. “Revenue was down 14% year over year with a 3.5% operating margin. Commercial revenue decreased 13%, and consumer revenue declined 16%. Total units were down 12% with both desktops and notebooks units down 12%.”

HP’s PC business is the world’s biggest, and its second-largest division (after services), bringing in revenues of $8.7bn in the past quarter. Yet HP is barely making any money on it – IDC estimates it shipped 13.94m computers, giving an average price of $620, on which it got total profits of $309m – just $22 per PC.

“I don’t see how anyone could invest in this company any longer,” ISI Group analyst Brian Marshall told Associated Press, describing it as “an unmitigated train wreck”.

Contrast that with Apple and Samsung, presently the two soaraway successes in the ferociously competitive mobile and tablet market: Apple’s average selling price per iPhone is about $630, and its per-phone gross margin about 50%, according to court filings. Similarly, Apple shifted 14m iPads in the third quarter – a figure many thought disappointing, even though it outnumbers HP’s PC figure – at an average $535 each. Samsung’s telecoms division, which produces phones and tablets, recorded $5.12bn in profit in the third quarter, shipping 97.9m phones in total (of which 56.3m were the more valuable smartphone, such as its Galaxy range) and about 2m tablets. The lesson is clear: mobile devices are where the money is.

It’s also where the growth is. While the smartphone market is roaring ahead – growing 45% year-on-year – HP’s 12% fall in PC shipments is substantially greater than the wider PC market: total shipments of Windows PCs worldwide fell by 9%. The dip is blamed on businesses and consumers waiting for the launch of Windows 8 (which came at the end of October), and the general economic climate in the US and Europe.

Yet HP very recently had if not a lead, then at least a position in both the smartphone and tablet market. In July 2010 it bought Palm, which had been a pioneer in the smartphone market but fallen on unprofitable times, for $1.2bn to “enhance HP’s ability to participate more aggressively in the highly profitable, $100bn smartphone and connected mobile device markets”. Early in 2011 it announced a forthcoming range of smartphones and even a tablet – the TouchPad.

But abruptly in August 2011, with the TouchPad having launched, it decided to kill off both tablet and smartphones (a fact it buried away in its announcement that it was “in discussions” to buy another company – Autonomy). HP took a $3.3bn writedown on the cost of the Palm acquisition and phone development. Meg Whitman, the chief executive, spoke vaguely about getting back into the smartphone market – but not before 2014.

HP has a similar problem to Dell, whose woeful results last week point to long-term weakness for companies that aren’t in the mobile market. Coming the day after the announcement that Intel’s chief executive Paul Otellini will retire from leading the company which makes the central processing chips for the world’s PCs – but not phones or tablets – it looks as though something deep is changing in the technology world.

“These issues have been brewing for a while,” says Neil Mawston, executive director of the research company Strategy Analytics. “HP and Dell have been struggling with the tablet market since 2010 [when Apple launched the iPad, triggering a huge shift in the business]. And this change has been picking up speed. But it hasn’t come out of the blue.”

The change is that people are buying tablets rather than PCs, and both Dell and HP have ignored the consumer market, says Mawston. Dell’s consumer division made a loss in the last quarter.

And the gloom isn’t over for HP. Remember its fabulously profitable printer inks, which cost more pro rate than champagne? “Printing revenue declined 5% year over year with a 17.5% operating margin,” says the results. “Total hardware units were down 20% year over year. Commercial hardware units were down 15% year over year, and consumer hardware units were down 22% year over year.” In other words, people aren’t buying printers. Shipments of “large format” printers fell 5% in the third quarter, and HP’s leading share was eroded there; more generally, we’re printing fewer pages because the availability of smartphones and tablets means we don’t have to carry paper around so much – something IDC noted as it recorded a fall in page printing in 2011 compared to 2010.

“HP’s and Dell’s problem is that they want to be IBM,” Richard Windsor, a consultant and former equities analyst at Nomura, told the Guardian. “Twenty years ago IBM was where HP is today. They decided that hardware was becoming commoditised and moved into software and services. Now they have steady margins and a good share price and an extremely well-run company. But it was a long haul, and HP is just at the beginning of that.”

Intel too is under threat, its fortunes tied to that of the PC business. Despite billions spent trying to build low-power chips, it has almost no presence in the smartphone business. Despite deals this year with Google-owned Motorola and China’s Lenovo, it has less than 1% of the market, says Mawston, and despite its huge investment he doesn’t see that growing beyond 8% by 2017. The rest belongs to chips using the low-power designs of ARM of Cambridge.

Allied to its $8bn writedown only in August against its acquisition of the services company EDS, it starts to look as though HP simply isn’t good at buying things. Writing on his own site, Windsor was acerbic: “I view the mess surrounding Autonomy as the strongest signal yet that the board of HPQ is not fit for purpose.” He thinks the question of whether HP’s shareholders were “duped” is irrelevant; Meg Whitman, the current chief executive, was one of those who approved the purchase as a director: “The management and directors of HPQ do not have what it takes to turn this company around. [The company] needs vision, audacity and above all a new board of directors. Until there is a complete clearout, I think that this company will lumber from one quarter to the next and present no real vision about how it becomes a proper technology company again.”

Android’s smartphone OS upgrade issues need more than a quick fix | Dan Gillmor

Category : Business

I’m not a fan of Apple’s paternalism toward customers, but it looks benign compared to Android’s dire record on OS upgrades

Apple will sell boatloads of the iPad mini, even though the just-announced tablet looks somewhat overpriced and under-powered. There are lots of reasons, but one in particular seems under-appreciated by competitors in the mobile device market: loyalty.

I’m not talking here about customer loyalty, a commodity that Apple commands more of than any other tech company, often to the point of customers becoming irrational in their ardor for all things Apple. Rather, this is about the company’s loyalty to its customers.

The mobile hardware market has become a race to sell the latest and (sometimes) greatest gear. Part of this is a natural effect of the industry’s high-velocity cycle of technology improvements, and its relative youth; the early days of any marketplace always see massive, frenetic change, and when you couple that with Moore’s Law and its corollaries, you get relatively short-term obsolescence on an epic scale.

But another part of the rapid obsolescence we’re seeing in this particular market has as much to do with corporate decisions as any technological innovation. The mobile industry – device makers and carriers – are gaming the system in distinctly customer-unfriendly ways. This is especially true in the Android ecosystem, where disloyalty to customers is a standard business practice – and, thereby, one of Apple’s competitive advantages.

How standard a practice? I’ve now been orphaned twice by the Android crowd. The first time was an expensive Samsung tablet, sold by T-Mobile, that wasn’t updated even though the same tablet did get updates for the wi-fi version and versions sold by other carriers. That experience made me view Samsung devices and T-Mobile’s network as a last resort in my shopping.

The second time was just a couple of weeks ago, when Motorola – owned by Google, creator of the Android operating system – reneged on a public commitment to update my current phone model to the latest OS. The company has offered the customers it stiffed a $100 discount on a new phone. No thanks. Why would I trust Motorola in the future after this experience? I won’t take the chance.

More broadly, I’ve lost faith in Google’s promises regarding Android. The company has repeatedly promised to bring some order to the Android market, including a now-laughable vow some 18 months ago to get hardware makers to update the operating systems in a reasonable amount of time after the software is released. The reality is that most Android device makers and carriers are doing little or nothing to keep the operating systems up-to-date, visibly and insultingly inviting customers to upgrade the operating systems and other software by purchasing new hardware.

Imagine if Macs and Windows computers couldn’t get the latest updates and operating systems and that you had to buy a new machine each time. This has more implications than stiffing customers on usability upgrades. It’s actually dangerous when vital security fixes don’t make it to devices.

The device makers and carriers have a generic excuse: it’s complicated. This is true, but it’s complicated because they’ve designed it to be so. Among other things, the Android manufacturers put ridiculous proprietary software layers on top of Android, gumming up the user experience and requiring more testing when updating the OS.

By comparison with the Android hardware makers, Apple is a paragon of treating buyers right. I won’t move to iOS for other reasons – namely, Apple’s refusal to allow customers to use their devices as they wish, and the much greater choice I get with Android – but one thing you can count on when it updates an OS is that it will work on recent devices, period.

Older Apple devices often won’t get the full feature set of the newest software, to be sure. And sometimes Apple, too, seems to be “encouraging” customers to buy new phones and tablets. Still, the company’s support for already-purchased devices is vastly better than almost all the Android crowd. (Apple’s iPhone 5 hardware, with a new proprietary connector, requires customers to buy a $29 adapter and/or new peripheral hardware – a distinctly nasty move that the acolytes have, with their usual Apple-is-my-Daddy fervor, already forgiven.)

Google itself is branding the “Nexus” line of hardware, made by manufacturers like Asus (Nexus7 tablet) and Samsung (Galaxy Nexus phone), with a promise – hmm, where have we heard this before? – to keep those devices updated to the absolute latest operating systems and tweaks. You guessed it: the carriers have broken the promise anyway, and appear to be daring Google to do something about it. My Nexus 7-inch tablet, which works only with wi-fi, is getting updates directly from Google. When Apple rolls out an update, it works across iPhones and iPads no matter which carrier the customer has chosen. Why can’t Google ensure this?

Microsoft’s latest mobile OS, and the devices that will run it, seem likely to take a more Apple-like approach. But for customers, that will mean taking the bad – they control your device, not you – with the good.

For Android customers who are willing to take some time and a small risk of “bricking” their devices (though it’s almost always possible to bring them back to life), there’s a fix. They can upgrade themselves by loading software created by the Android hacking community for this purpose. The brilliant XDA Developers website is a treasure trove of helpful information and links to fixes. I’ll be doing this soon with my Motorola phone.

I shouldn’t have to do this: I shouldn’t have to go to such lengths to avoid Google/Motorola’s decision to make my phone – full of modern hardware – obsolete so fast. There are a few things the Android community – Google, in particular – should be learning from Apple, and that’s one of them.

Microsoft to make more hardware

Category : Business

Ahead of the launch of Windows 8 and the Surface tablet, Microsoft’s chief executive says the firm will “obviously” make more hardware.

View original post here: Microsoft to make more hardware

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Apple unveils iPhone 5 – faster, thinner, and set to run on 4G

Category : Business

Company unveils handset with a taller 4-inch screen and thinner body capable of running on superfast 4G mobile networks

Apple has unveiled the iPhone 5, describing it as the “thinnest, lightest and fastest” handset yet as the brand behind today’s personal computing revolution sets out to prove that it still has the creative edge to dazzle consumers without Steve Jobs at its helm.

Promising a camera that makes “the ocean look bluer” and “kids look happier”, Apple showed off a gadget with a taller 4-inch screen and thinner body, capable of running on 4G mobile networks, including in the UK.

In what has now become an international event, the online audience following this year’s showcase was the largest since the first groundbreaking Apple handset arrived in 2007, but commentators have already described it as “the last great iPhone launch”.

British shoppers will be able to buy the new handset from 21 September, with the unsubsidised price starting from £529 and depending on memory size.

Apple unveiled a new version of its iTunes music, film and TV series store. The updated software, available from October, uses cloud computing so that viewing paused on one device can be resumed at the same point on another. The UK’s largest mobile network, EE, will have an effective monopoly on sales, given that it will be the only network with 4G service before Christmas and rivals could take up to a year before they are ready to launch one.

With a feature set widely leaked before the launch – and described by one tech blogger as “evolutionary rather than revolutionary” – sales of the latest version of Apple’s “Jesus Phone” will be watched closely by those who wonder whether the world’s largest company has what it takes under new chief executive Tim Cook to retain its creative momentum.

From the launch event in San Francisco, Cook said: “Only Apple could create such amazing hardware, software and services and bring them together. Apple has never been stronger.”

Apple is expected to shift significantly more phones in the runup to Christmas than the 37m it sold last year, with research firm IDC predicting sales of 51m units. Nonetheless, it now has a fierce competitor in Samsung, which has already shipped 20m of its best selling Galaxy SIII handsets and is expected to slash its price over the coming weeks.

“The company has changed,” said IDC analyst Francisco Jeronimo. “It is a lot more focused on profits and management rather than product. Hopefully that won’t bring Apple back to where it was in the past.”

In 1996, when Jobs rejoined the company after a period in the wilderness, it was on the verge of bankruptcy. All that changed with successive hits including the brightly coloured iMac computers, the iPod, which changed the music industry, and the world’s most popular phones and tablets.

With the release of the first iPhone in 2007, Apple triggered a personal computing revolution which has shifted our online lives away from PCs and laptops and on to smartphones and tablets.

It is a revolution that has turned Apple into the world’s most valuable company, with $620bn market capitalisation and a near $100bn pile of unspent cash, largely held in foreign bank accounts to avoid the tax bill repatriation would incur.

A successful iPhone 5 could boost GDP in the US, with ripples around the world for the more than 150 companies in Apple’s supply chain, and the mobile networks hoping to fatten their revenues from an increasingly smartphone dependent subscriber base. But a new edition that lacks the wow factor needed to persuade shoppers to part with hundreds of pounds to replace their existing smartphones could have wider implications.

“There is an economic impact if they don’t come up with something more exciting than they did last time,” says telecoms strategist Bengt Nordström. “The impact will be slower growth in the industry, and this is one of the few industries that have been growing.”

Cook was never the ideas man, but is credited with making the Jobs vision a commercial success by reorganising Apple into a slick money-making outfit, closing its factories and outsourcing manufacturing to an array of largely Asian suppliers.

The challenge now is whether Apple can hold on to its creative edge without Jobs. To make this happen, Cook is relying on those who report to him such as British-born Sir Jonathan Ive whose minimalist designs and attention to detail can be seen in Apple’s hardware, and head of software Scott Forstall.

The fact that so many of the iPhone 5′s features, from photographs of its inner workings to its screen size and 4G capability, were leaked before the launch added to the feeling that Apple’s marketing events have lost some of their magic.

Jobs was a master showman, obsessively keeping details under wraps until the last moment, and often saving the most interesting news until the end of his presentations, pretending to walk off the stage before announcing, finger in the air, that he did have “one more thing”.

But as Ricky Gervais pointed out, there are legions of diehard Apple fans prepared to buy its latest hardware no matter how incremental the changes. The comedian tweeted: “Can’t wait for the new iPhone 5. I’ve had this mint condition, perfectly good, antique iPhone 4 for over a year now. Embarrassing.”

Hungry to reduce their PC dependence, Dell (DELL) and H-P (HPQ) are unveiling new thin client hardware meant to work with VMware View, a desktop virtualization solution. Thin clients have been steadily gaining corporate supporters, thanks to their…

Category : Stocks

Hungry to reduce their PC dependence, Dell (DELL) and H-P (HPQ) are unveiling new thin client hardware meant to work with VMware View, a desktop virtualization solution. Thin clients have been steadily gaining corporate supporters, thanks to their ability to lower management costs compared with regular PCs, and to centralize data. (Dell PR) (H-P PR) 1 comment!

Original post: Hungry to reduce their PC dependence, Dell (DELL) and H-P (HPQ) are unveiling new thin client hardware meant to work with VMware View, a desktop virtualization solution. Thin clients have been steadily gaining corporate supporters, thanks to their…

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