Posts Tagged ‘quits’
Better Place’s plan for electric cars with swappable batteries is coming to an end. Despite a change in leadership and a streamlining effort over the past six months, the Israeli EV maker has filed a court motion for liquidation, citing insufficient cash to continue operations and a failure to raise the necessary funds. According to Israel Corporation, the firm’s controlling shareholder, other investors willing to pitch in the vast amount of money needed couldn’t be found. With approximately $ 812 million lost in operations and deploying battery exchange stations since 2007, and $ 454 million of that within 2012 alone, it’s estimated that just recouping those loses would take $ 500 million and four years.
“Unfortunately, after a year’s commercial operation, it was clear to us that despite many satisfied customers, the wider public take up would not be sufficient and that the support from the car producers was not forthcoming,” said Better Place CEO Dan Cohen. Sure, it might be curtains for the company, but the existing battery network looks like it might live on, as the liquidator is being asked to “maintain the functioning of the network.”
Filed under: Transportation
Source: Better Place
The long, drawn-out, oftentimes melodramatic saga revolving around Yahoo itself and co-founder Jerry Yang is well-documented. Perhaps too well. Thankfully for us all, that ends today. After seeming to detest everything that his company became, Yang is finally walking away. As of January 17th, he has resigned from Yahoo’s Board of Directors and all other positions with the company, and moreover, has reigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited. We most recently heard from Yang during his interview at AsiaD, where he sounded none too pleased about the going-ons there. We aren’t about to draw links of Yang’s exit to the hiring of Scott Thompson as CEO (in fact, Yang praises him in his exit blurb), but we are drawing links to his sudden purchase of a yacht, a new sauna and a round-the-round journey courtesy of Abercrombie & Kent. Kidding. In all seriousness, it’s no surprise to see Yahoo’s stock rallying, as many felt that Yang was the major roadblock holding up an outright sale or other significant shake-up within its ranks. As for Jerry? He’s off to “pursue other interests” — but we didn’t need to tell you that, now did we?
Hope you’re in the mood to pour one out, because the Daily Yomiuri Online has just confirmed that Sony is giving up the OLED TV in its consumer business. According to the report, it has discontinued production of OLED TV sets for the mainstream market, and while it’ll continue selling ‘em to its corporate clients, it’ll concentrate the home-use TV portion on LCD models. For historians in attendance, they’ll no doubt (fondly) recall the XEL-1 — a devilishly thin personal OLED TV that never stood a chance at filling anything other than a luxury niche. The same sect will also remember that it discontinued OLED TV sales domestically back in 2010, but exports to America and Europe continued up until now. The real question? Whether or not those rollable OLEDs are still getting researched in a Sony lab; the futurist in us can only pray so.
OCZ, a company that started life a decade ago by churning out DRAM modules for enthusiasts to throw into their towering rigs, has now announced it’s abandoning that market entirely. As PC Perspective points out, it’s grown increasingly difficult for companies to differentiate their products when it comes to memory — most of it just works and most of it is pretty fast — and continually declining prices have apparently forced OCZ’s hand. The San Jose-based company’s new primary breadwinner will be solid state drives, which already account for a substantial proportion of revenues and look set to grow exponentially as their own prices dip a little further into the range of the affordable. It’s a shame we’ll no longer have that bold Z to look at when picking out memory sticks for our next self-built machine, but maybe it’s all for the best. Check out an interview with an OCZ VP at the source link below.
Continue reading OCZ quits DRAM business to focus on super-speedy SSDs