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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com 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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Solar3D Files Patent Application in China for Breakthrough 3-Dimensional Solar Cell

Category : World News

Company Intellectual Property for Its Ultra-Efficient Silicon Solar Cell Will Be Protected in One of the World’s Largest Solar Markets

Read more from the original source: Solar3D Files Patent Application in China for Breakthrough 3-Dimensional Solar Cell

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Pre-Marketing: BofA has reservations

Category : Stocks

BofA’s legal gambit: Keeping reserves low. Also: Why female founders struggle in Silicon Valley.

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Auren Hoffman has left Founders Fund

Category : Stocks

Silicon Valley entrepreneur departs venture capital firm.

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Steve Jobs threatened to sue Palm over no-hire agreement, documents show

Category : Business

Documents released as part of a civil lawsuit, which claims there was an illegal conspiracy to eliminate competition for employees

Steve Jobs threatened to sue the rival smartphone maker Palm over poaching of Apple staff, in a bid to enforce a clandestine pact between tech companies in Silicon Valley, new documents reveal.

The late Apple co-founder menaced Palm with a patent lawsuit to try to compel adherence to a possibly illegal agreement between rival firms to not recruit each other’s employees.

The email from Jobs, along with other documents tech industry chiefs tried to keep secret, surfaced on Tuesday in a civil lawsuit brought by five tech workers against Apple and other companies including Google, Intel, Adobe, Walt Disney’s Pixar animation unit, Intuit and Lucasfilm Ltd.

The suit claims there was an illegal conspiracy to eliminate competition for each other’s employees and to reduce wages, an alleged dark side to Silicon Valley’s freewheeling, sunny public image.

Judge Lucy Koh, of the US district court in San Jose, is considering a plaintiffs’ request to turn the civil lawsuit into a class action, increasing their chances of winning damages which could run into hundreds of millions of dollars.

The August 2007 exchanges between Jobs and then-Palm chief executive Edward Colligan were the latest embarrassing revelations to enter the public record because of the case.

In a sworn statement Colligan said Jobs called him to complain that several Apple employees had moved to Palm and to propose an “arrangement” whereby neither would hire the other’s employees. Jobs threatened a patent lawsuit to encourage compliance, said Colligan.

At the time Palm, which has since been bought by Hewlett-Packard Co, was developing its Palm Pre to compete with Apple’s iPhone. Jobs was especially concerned that senior staff such as Jon Rubinstein, senior vice president of hardware development, had moved to the rival company.

Colligan rebuffed Jobs in an 24 August 2007 email: “Your proposal that we agree that neither company will hire the other’s employees, regardless of the individual’s desires, is not only wrong, it is likely illegal.” He said the lawsuit threat was “just out of line”, would not intimidate him and would serve only to enrich lawyers.

Jobs replied two days later, a Sunday, curtly noting “this is not satisfactory to Apple” and reminding his rival of the “asymmetry” in their financial resources should the lawsuit proceed.

Last week Judge Koh ordered Apple’s chief executive officer, Tim Cook, to give a deposition, saying it was “hard to believe” he was not consulted about no-poaching agreements which may have violated antitrust laws.

Apple did not immediately reply to a request for comment on Wednesday.

Court filings on Tuesday revealed that such pacts were common in Silicon Valley.

In February 2006 , a year before his clash with Palm, Jobs emailed the then Google CEO Eric Schmidt: “Eric, I am told that Google’s new cell phone software group is relentlessly recruiting in our iPod group. If this is indeed the truth, can you put a stop to it? Thanks, Steve.”

Schmidt proved receptive: “I’m sorry to hear this; we have a policy of no recruiting of Apple employees. I will investigate immediately! Eric.”

In a separate exchange the Google chief urged his human resources director to be discreet when seeking such agreements with rivals. “Schmidt responded that he preferred it be shared ‘verbally, since I don’t want to create a paper trail over which we can be sued later’.” Schmidt was briefed that a recruiter who tried to poach an Apple employee “will be terminated within the hour”.

The plaintiff’s lawyers are due to question Schmidt next month. Google declined an interview request on Wednesday but in a statement said it has “always actively and aggressively recruited top talent”.

Rumours of a no-poaching agreements between top tech companies prompted a US justice department probe in 2010, leading to a promise by Google, Apple, Adobe and others to refrain from such pacts.

Authorities believe the practice continues in parts of the industry. The justice department and antitrust regulators sued eBay last year over an alleged no-poaching deal with the software firm Intuit.

AUDIO: Chip make Intel sees profits slump

Category : Business, World News

The world’s biggest maker of silicon chips, Intel, which grew by putting chips most of the world’s personal computers, is now facing an erosion of that market.

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Exclusive: Venky Ganesan leaving Globespan Capital

Category : Business

Silicon Valley venture capitalist makes a move.

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Ireland is cool for Google as its data servers like the weather

Category : Business

Computer multinationals are finding that the chilly Irish climate helps with the cost of cooling their giant processor farms

Just like their neighbours across the sea, the Irish enjoy nothing more than whingeing about the weather. But, according to internet giants such as Google, the people of Ireland should be grateful for their dank, damp, cold climate.

The country’s mist, rain and chilly air have all become selling points: Google and other multinationals say that the Irish weather is now one of the main attractions for global computer and online corporations setting up data centres in the Republic. The Silicon Valley firm has just established a $75m (£46.2m) data processing centre alongside its European headquarters in Dublin, insisting that the chilly climate makes it more energy efficient – and hence “greener” – to cool down its servers.

Since Google’s arrival, south-east central Dublin has been rapidly transformed into a technological hub similar to Berlin’s Silicon Allee or London’s Silicon Roundabout. Other companies such as Facebook, LinkedIn, Twitter, Zynga, HP and Dropbox have all set up in Dublin. Amazon also operates a cloud computing centre in the Irish capital, while overall most of the world’s data-centre providers have a base in the city.

Ireland has been able to attract these world-famous corporations despite the depth of its financial and economic crisis, due to the lobbying work of the country’s Industrial Development Authority; a highly educated, young, English-speaking workforce; and, crucially, the Republic’s rock-bottom 12.5% corporation tax. And now the weather can be added to those factors.

“It’s not often that Irish weather is a cause for praise, but the temperate climate was very significant in choosing Ireland as a location for this data centre,” says Dan Costello, Google’s global data centre operations officer. The group has managed to reduce the amount of energy it uses worldwide to cool down its data systems to just 12% of its energy bill. “It’s not quite as simple as just opening the windows, but it’s pretty close,” he says.

Google now employs more than 2,000 staff in Ireland and generates 40% of its revenue from its European hub near Dublin’s south docks. “Silicon Dock”, as the area has become known, has generated spin-off retail and food businesses to look after the thousands of well paid, highly educated workers who have flocked there. The Google effect has also created a recession-free bubble in an otherwise stagnant economy, where national unemployment is still at 14.5% and general domestic demand stuck in the doldrums.

Empty office space and ghost towns remain physical symbols of the Celtic Tiger collapse. Outside of this hi-tech hub on the south side of the river Liffey, for instance, only 13% of office space in the surrounding Dublin 2 area is currently occupied.

Other companies in the same sector have also moved large parts of their operations to Dublin. UK-owned Telecity invested €100m (£81.3m) in August 2011 in a data processing centre at three locations in Dublin. It currently employs 60 people in Ireland and 660 across the EU.

Maurice Mortell, Telecity’s managing director, emphasises the importance of the weather for the data processing industry. “The growth of the digital economy is creating significant demand for IT infrastructure environments … The cooling element of these IT facilities is one of the reasons why Ireland is a popular choice for data centres,” he says. A year before Google’s investment, Microsoft put an additional $130m into its data processing centre, having already invested $500m.

The Irish government recently injected €5m into a new cloud computing research centre at Dublin City University as part of its strategy to maintain the republic’s reputation as a leading nation in computer development. The centre in north Dublin, the 11th of its kind to receive state funding, is guided by a panel of experts from Fujitsu, Intel, IBM and Microsoft.

As far back as 2009, American independent technology research company Forrester Research – in one of the darkest years of the Irish recession – urged US companies to establish their overseas headquarters in Dublin. It recommended: “Make sure you consider Dublin, it is becoming an ever-more popular alternative to London for the more abundant power, less expensive real estate, and climate suited for free cooling.”

Charlie Connelly, the author of a recent history of the weather, Bring Me Sunshine, which was a Book of the Week on Radio 4 earlier this year, says that with Google giving Ireland’s climate the thumbs-up, we could finally see Irish weather as being cool in more ways than one. Connelly points out that the Romans famously refused to establish long-term colonies in Ireland because of the weather, and called it Hibernia, meaning the Land of Winter.

“Maybe Ireland will now embrace its climate. Some have tried already, most notably the 19th-century writer William Bulfin from County Offaly, who described the Irish rain as ‘a kind of damp poem. It is a soft, apologetic, modest kind of rain, as a rule; and even in its wildest moods it gives you the impression that it is treating you as well as it can under the circumstances.’ But this [Google's recent investment] is probably the first recorded case of anyone planning a move to Ireland because of the weather,” he says.

STMicroelectronics Announces Its 28nm FD-SOI Technology Is Ready for Manufacturing in Its Leading-Edge Crolles Fab

Category : World News

Silicon-Verified Process Technology Delivers 30% Higher Speed and up to 50% Improvement in Power

Read more here: STMicroelectronics Announces Its 28nm FD-SOI Technology Is Ready for Manufacturing in Its Leading-Edge Crolles Fab

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Ray Lane’s cleantech ‘success stories’

Category : Business

Untruth in Silicon Valley advertising.

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Where Tech City still falls short

Category : Business

Technology insiders give their verdicts on Tech City’s progress so far, and discuss what the government needs to do next

Wendy Devolder

Founder and chief executive of Skills

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