Sharp Electronics Gets Downgraded
Sharp has had its credit rating cut to junk status by the Standard and Poor’s rating agency.
Sharp, which invested heavily during the LCD television boom in the mid 2000s, is now paying the price as demand for televisions slumps across the board. Now Standard and Poor’s has bestowed the ignominy of lowering Sharp’s credit rating to BB+, putting it into what’s called junk status.
Standard and Poor’s also warned that Sharp has weak cash flow and is facing worsening market conditions, two things that will not endear it to investors. It said, “Sharp’s liquidity position has weakened, and the company is highly dependent on short-term borrowings in light of weak internal cash flow and a less favourable funding environment.”
Sharp has had a troubled year and earlier this week announced that it will lay off 2,000 employees in Japan, as its LCD business simply cannot support itself. Standard and Poor’s said that unless Sharp’s fortunes improve, the firm could be hit with another credit rating downgrade.
Standard and Poor’s said, “We may consider lowering the ratings if Sharp’s earnings in (the year to March 2013) and prospects for its recovery deteriorate even further or the company’s financing environment and relationships with credit banks and strategic partners worsen.”
Dell Names Chief As Sales Tank
Dell has snagged a former Hewlett-Packard executive to head up its server, networking and storage division, a critical area for Dell as it tries to expand its data center business and reduce its dependence on PCs.
Marius Haas was head of HP’s networking business before leaving two years ago to join an investment firm. On Tuesday he was named president of Dell’s enterprise solutions business, where he’ll oversee the engineering, development and marketing of Dell’s enterprise products.
Haas replaces Brad Anderson, who ran Dell’s enterprise division since 2005 and is now leaving the company.
Dell announced the news on the same day it reported financial results for its second quarter, which closed Aug. 3. Its profit for the period declined 18 percent from a year earlier, to US$732 million, while revenue fell 8 percent to $14.48 billion, Dell said.
Its server and networking sales were among the highlights for the quarter, up 14 percent from last year, while sales of storage products were down 13 percent. Together, the three product categories account for about one-fifth of Dell’s overall business.
Windows 8 ‘Grace Period’ Ends
Microsoft has halted the 30-day grace period, a trademark of Windows 7, in the retail copies of Windows 8, requiring that users provide a product key during setup.
The change runs counter to previous practice by the Redmond, Wash. developer. With Windows 7, for example, users could run the OS for 30 days before activating the copy by providing a legitimate key.
That “grace period” was used by some to evaluate the software prior to purchasing, to save up to $100 by using an “upgrade” license to install the OS on a newly-formatted hard drive, and to create physical partitions or virtual machines for quick testing purposes.
Because Windows 8 handles activation differently, the grace period has been eliminated.
As several blogs have noted, customers must enter a unique product key — a 25-character alpha-numeric string — to proceed during Windows 8 setup. Failure to do so stops the process in its tracks. The Consumer Preview and Release Preview used this technique too, although Microsoft provided users a generic key for those sneak peeks.
Once Windows 8 is installed — assuming the machine is connected to the Internet — it automatically seeks out a Microsoft server to verify that the key is valid and then activates the OS. “If the licensed computer is connected to the Internet, the software will automatically connect to Microsoft for activation,” states the end-user licensing agreement, or EULA, for Windows 8 Pro.
Is Acer Threatened By The Surface?
Taiwanese computer manufacturer Acer has suggested that Microsoft Corp should reconsider its planned venture into the tablet market, the Financial Times reported on Tuesday.
Acer Chairman and Chief Executive J.T. Wang, said Microsoft’s plans to launch its own “Surface” tablet in October would be “negative for the worldwide ecosystem” in computing.
Microsoft’s “Surface” tablet would enter the market in direct competition with Acer’s “Iconia” or Hewlett-Packard Co’s “TouchPad” tablets.
“We have said think it over. Think twice. It will create a huge negative impact for the ecosystem and other brands may take a negative reaction. It is not something you are good at so please think twice,” Wang is quoted as saying.
For the past two decades, Microsoft and personal computer makers have enjoyed a symbiotic relationship.
Campbell Kan, Acer’s president for personal computer global operations, said the company was debating internally how to respond to the Surface.
Intel Preparing New SSDs
In addition to the recent price drop for its 320, 330 and 520 series SSDs, Intel is preparing a slight refresh scheduled to launch in Q3 and Q4 2012, according to the recently leaked roadmap at Chinese.VR-Zone.com.
The roadmap kicks off with a rather interesting entry-level 300 series that will apparently get a new 335 series update in Q3 2012. According to the roadmap, the 335 series will initially launch in 240GB capacity and get 80 and 180GB model update in Q1 2013. The new 335 series will most likely still be based on the same SF-2281 controller, be available in 2.5-inch form factor with the SATA 6Gbps interface, and will probably be paired up with a tweaked firmware and a new 20nm NAND flash memory.
PC Sales Takes Toll On Seagate
Seagate Technology Plc’s shares tumbled as much as 8 percent on Tuesday, after the hard disk drive (HDD) maker projected first-quarter revenue below estimates on slowing sales of personal computers.
The company has been hit by sluggish economic growth and shaky sales of PCs as consumers shift toward tablets and smartphones.
FBN Securities cut its price target on Seagate’s stock to $32, saying selling prices had started to decline from their peak levels after theThailand floods last year and inventory had started rising.
Seagate’s weak outlook follows an upbeat fiscal 2013 forecast from rival Western Digital Corp, which is banking on strong sales to big businesses.
The company forecast first-quarter sales of about $4 billion, below analysts’ estimates of $4.62 billion, according to Thomson Reuters I/B/E/S.
Lenovo Launches The IdeaPad
Although it was introduced six months ago at CES, Lenovo’s new IdeaTab has finally showed up at Lenovo’s site with a pretty decent price around $343.20. The IdeaPad comes with a 10.1-inch screen, Qualcomm’s dual-core Snapdragon S4 CPU, Android 4.0 ICS and optional keyboard dock, it certainly sounds like a good deal.
The specification list for the Ideatab S2110 kicks off with a 10.1-inch IPS 1280×800 display, Qualcomm’s 1.5GHz dual-core Snapdragon S4 CPU, 1GB of RAM and Android 4.0 ICS OS. The rest of the specs include back 5MP and front 1.3MP cameras, 802.11bgn WiFi, Bluetooth 4.0, and a battery capable of up to 9-10 hours of WiFi web browsing, according to Lenovo.
Same as the Asus Transformer line of tablets, Lenovo’s Ideatab S2110 also features an optional keyboard dock that gives you an extra ten hours of battery life and adds two USB ports and a card reader.
Windows Malware Hides In iOS App
Windows malware slipped past Apple’s eye and has been found tucked into software available on the company’s iOS App Store.
Although the malware, labeled a worm by Microsoft and tagged as “Win32/VB.CB” by the company, is harmless against Apple’s iOS and OS X operating systems, it may pose a threat to iTunes customers who download iPhone and iPad apps to their Windows PCs before syncing to their mobile devices.
A user reported Win32/VB.CB to Apple’s support forum around 10:30 a.m. ET Tuesday. The user, identified only as ”deesto,” said that his or her OS X antivirus warned that “Instaquotes-Quotes Cards for Instagram” was infected.
Dell’s Cloud Plans Falls Behind Schedule
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Dell announced an aggressive schedule last year to roll out cloud-based application services, but it appears that the schedule was a little too aggressive.
Dell said last August that it planned to launch an online analytics service in the first half of this year for small and midsized businesses, but that service isn’t due now until early next year, a Dell executive said.
“Like a lot of development projects, it can take a bit longer than you think,” Paulette Altmaier, general manager of Dell’s Cloud Business Applications group, said in an interview Thursday.
Dell also said it would launch a platform-as-a-service offering this year based on Microsoft’s Azure platform. On Friday, a Dell spokeswoman said the company no longer has a delivery date for that service.
The delays are a setback for Dell, which is trying to reduce its dependence on PCs and build more profitable businesses in services and software. But a lot of companies are moving slowly to the cloud, so the hold-up isn’t a disaster, said Peter Ffoulkes, an industry analyst with 451 Research Group.
“The move to the cloud is not a fast journey and for most people it is still largely a future. I would not expect a quarter or two to make a big difference in practical terms,” he said.
Dell has also made a string of software acquisitions in the past year that might be causing it to rethink its software-as-a-service strategy. It updated press and analysts on its software plans Thursday.
When it does arrive, the analytics service will offer “cross-app” analytics, meaning customers will be able to import data from one or more applications to a data warehouse that Dell will host for them online, and then perform analysis on that data.
Super Talent Outs New SSDs
Super Talent has announced a new line of SATA III SSDs, the Super Talent SuperNova. Aimed at the business market, SuperNova SSDs will be available in 128 and 256GB capcities.
Although it has not announced any details regarding the new SuperNova lineup in its official press release, Super Talent did note that SuperNova features high transfer speeds and “the most secure encryption” on the planet, as well as the proprietary RAISE technology that virtually eliminates unrecoverable read errors.
After some digging around we managed to find that SuperNova is based on Sandforce SF-2200 controller paired up with ONFI Synchronous MLC NAND chips that should provide enterprise level of reliability. The sequential performance is set at 555MB/s read and 525MB/s for write while random 4K performance is at 90K IOPS read and 85K IOPS write, for both 128 and 256GB models.