Business

Tiffany: eBay is Rat’s Nest for Counterfeiting

Dec 12, 2007   4 am
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ebay Tiffany, the world’s second-biggest luxury jeweler, said eBay is a “rat’s nest” for counterfeiting and urged a judge to rule that the biggest online auctioneer was liable for infringement.

Tiffany assailed eBay in a legal brief submitted Dec. 7 to U.S. District Judge Richard Sullivan in Manhattan, as the companies await his ruling in a trademark infringement trial. EBay said in its brief that it’s a “model citizen” in the fight against counterfeiting.

At issue is whether eBay must pay damages for failing to make adequate efforts to block sales of counterfeit silver jewelry. New York-based Tiffany and other retailers claim online sales of counterfeit clothes, bags and jewelry cost them about $30 billion a year.

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Business

AMD now worth less than it paid for ATi

Dec 11, 2007   4 am
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amd_logo AMD reached its lowest share price for more than four years last week and, as a result, its market value dropped to around US$5 billion – that’s $400 million less than it paid for ATI in July 2006.

Intel, AMD’s major competitor in the CPU business, has been on a roll for the past 18 months and is now worth around US$162 billion, which makes the chip giant more than 32 times the size of AMD in monetary terms.

Even worse for AMD is that its partner-cum-archrival, Nvidia, has a market cap of around $19 billion, which makes it almost four times as valuable as the struggling platform company.

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Business

CompUSA Sold, Stores To Close

Dec 9, 2007   8 pm
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compusa_logo The chain’s 103 retail stores will remain open and staffed during the holiday season, offering discounts on computer and electronics.

CompUSA, the computer and gadget retailer controlled by Mexican billionaire Carlos Slim, has been sold to a restructuring and investment firm that will close stores and sell some company assets.

The new owner is Boston-based Gordon Brothers Group, which recently helped CompUSA sell under-performing stores. The terms of the deal were not not disclosed.

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Internet

IBM sues company for selling fake, flammable batteries

Nov 30, 2007   3 am
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legal-hammer IBM is suing a company for selling fake IBM batteries that catch fire, asking $1M for each fake battery.

IBM is suing Shentech for selling laptop batteries that catch fire and sport allegedly fake IBM logos.

The suit, filed Nov. 20 in the U.S. District Court for the Northern District of Ohio, accuses Shentech of trademark infringement, false advertising, unfair competition and deceptive trade practices.

IBM says that a consumer in Ohio bought a battery from Shentech for a ThinkPad laptop. The battery overheated and caught fire, causing damage to the laptop, IBM said. The user reported the problem to Lenovo, which licenses the IBM trademark. After examining the faulty battery, IBM discovered that it was not a genuine IBM battery, the company said in the suit.

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Business

Google ready to bid on mobile airwaves

Nov 30, 2007   3 am
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google_logo Google Plans to Bid 4.6 Billion on 700MHz Band

Google Inc was set to announce on Friday it will bid on coveted airwaves to launch a U.S. wireless network, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.

The Silicon Valley-based company had said several months ago it was considering bidding in the auction of 700-megahertz wireless spectrum due to begin January 24. The U.S. Federal Communications Commission deadline for companies to declare their interest in joining the airwaves bidding is December 3.

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Internet

Google to Offer Free Online Storage

Nov 29, 2007   4 am
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google_logo Google prepares to roll out its latest free service — where will the giant stop?

While Google has its critics, the company seems to be one tech firm that is constantly in tune with what the consumer wants.  In terms of service, Google generally doesn’t waste time and effort cutting back or restricting its service, rather it simply strives to give the customer more. 

Now Google is preparing to quietly launch a new service, which both legitimizes previously existing internet software and improves upon it.  The service gives users free online storage space and many are dubbing it GDisk for short.  In the past applications exploit GMail’s very high amount of free storage space and allowed you to store files on it like a hard drive (GMail currently features over 5 GB of storage).  Google’s Picasa photo service also has allowed users to store up to 1 GB of pictures and other files.

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Business

Google Devoting Millions to Solve Energy Crisis

Nov 28, 2007   4 am
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google_logo Google’s Goal: Get Rid of Coal

Google has set its sights on decreasing global dependency on coal Tuesday with the announcement of a new project intended to produce affordable renewable energy.

The effort, dubbed “RE<C”, will initially focus its efforts on solar thermal power, wind power technologies and enhanced geothermal systems. Specifically, Google wants to produce one gigawatt of renewable energy that is cheaper than coal, said Larry Page, Google’s co-founder.

“We are optimistic this can be done in years, not decades,” Page said during a Tuesday conference call. One gigawatt can power a city the size of San Francisco, he said.

Solar power is “currently substantially more expensive than coal, depending on the type,” Page said. “It’s an ambitious goal to get it cheaper than coal, but it’s attainable.”

Business

Google Wins Again

Nov 27, 2007   6 am
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google_logo Google leads the way in search yet again, but Ask.com gains ground.

Google once again was the giant among search sites, as it took a 58. 5 percent share of the search market in October in the United States.

According to Internet ranking site ComScore, Google gained 1.5 share points versus the previous month. Yahoo sites ranked second with 22.9 percent, followed by Microsoft sites (9.7 percent), Ask Network (4.7 percent) and Time Warner Network (4.2 percent).

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Internet

Microsoft, Google and Yahoo Acquisitions Compared

Nov 20, 2007   3 am
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See what sort of tone a company’s acquisitions set

The LibraryHouse blog has a nice summary of recent acquisitions (July 2006 through June 2007) by Microsoft, Google, and Yahoo!, roughly color coded by category:

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Business

IBM Takes Top Supercomputer Honors Again

Nov 13, 2007   1 am
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blue-gene-logo-small2 IBM Blue Gene takes the crown…again

A system created by IBM and the Department of Energy’s Lawrence Livermore Lab hits 478.2 trillion calculations per second. IBM and the Department of Energy’s Lawrence Livermore National Laboratory in Livermore, Calif., took top supercomputer honors.

The IBM Blue Gene/L system installed at the DOE research facility, runs at 478.2 teraflops or 478.2 trillion calculations per second, earning it the most powerful system on the Top 500 Super Computer list, which is published twice annually by the University of Mannheim, Germany, the University of Tennessee and the National Energy Research Scientific Computing Center’s Lawrence-Berkeley National Laboratory. It was released at the International Supercomputer Conference’s in Reno, Nev.

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