Posts Tagged ‘Venture’
Even though weeks have actually passed because that well-documented OnLive kerfuffle occurred, where unfortunate layoffs and the accumulation of a “new business” were at the forefront of it all, previously unknown details are still coming out of the woodwork. According to Mercury News, the once-promising cloud gaming attire was bought by a venture capital group for a simple $ 4.8 million, which appears to be a reasonably little amount of money for an attire as soon as valued upwards of $ 1.8 billion– not to discuss when contrasted to, state, competing Gaikai’s $ 380 million sale to Sony. Still, this is stated to have been due to the bad shape OnLive was in at the time, with the Palo Alto-based company supposedly owing more than $ 18 million in debt, leaving it with no choice but to take “the best that it might get. “
Filed under: Gaming, InternetOnLive was supposedly sold for roughly $ 5 million to venture capital firm initially appeared on Engadget on Wed, 10 Oct 2012 21:40:00 EDT. Please see our terms for use of supplies. Permalink|Mercury News|E-mail this|Remarks
Anyone keeping a close eye on the mobile market knows that Samsung and Super AMOLED, much like peanut butter and jelly, are inextricable bosom buddies. So, this recent tech marriage between the Korean electronics giant and Corning (of Gorilla Glass fame) shouldn’t come as much surprise for fans of super saturated screens. Under terms of the agreement, both parties will jointly manufacture Lotus Glass for use in smartphones falling under the Galaxy umbrella, as well as Super OLED TVs. The substrate, heralded for its ability to withstand “higher processing temperatures” without compromising structural stability, will help create a range of less power consumptive, high-resolution devices. Unexciting? Sure, but you didn’t think those 720p displays were going to make themselves, now did you? Official PR after the break.
The wireless-for-all carrier‘s been agreeing to all sorts of partnerships of late in an effort to keep its users content, the latest one being the tie-up with Mobile Content Venture that’ll bring local broadcast TV live to your MetroPCS handset. The service, which is said to be coming later in the year, will be offered via a Dyle Mobile TV app, and the companies are guaranteeing that you’ll be able to watch the content “right out of the box.” There’s 15 total broadcasters named in the deal, some of which are: FOX, ION Television, NBC, Telemundo and Univision (for all your novela needs). We’ve seen a plethora of mobile devices come and go since we first heard of the Mobile DTV promise, but they did say 2012 would be the year, and, well, here we are. A peek at the PR below tells us we’ll see this in action next week at CES, so we’ll let you know if it’s as marvelous as it sounds.
Big news from Asia’s mobile market today: Japan’s biggest mobile carrier NTT Docomo (55 million customers, over US$ 50 billion in sales per year) is teaming up with five other tech powerhouses to develop chips for next-generation mobile devices. Docomo’s partners are NEC, Fujitsu, Fujitsu Semiconductor Ltd., Panasonic, and Samsung.
The goal is to use synergies in the six companies’ expertise in developing small and eco-efficient chips to supply to mobile device manufacturers in Japan, Korea, and other places. Docomo says the main focus will be on “products for LTE and LTE-Advanced mobile communication standards”.
The carrier plans to set up a subsidiary ( “Communication Platform Planning Co.”) as early as next month, capitalize it at US$ 5.8 million, and turn that subsidiary into a fabless joint venture with the other partners in March next year. According to Japan’s biggest business newspaper The Nikkei, Docomo plans to become the biggest shareholder in the joint venture.
S-LCD Co., the joint venture for making LCDs for TVs between Sony and Samsung, will soon be history. The Japanese company today announced it will exit the 50-50 venture by selling its share to the Korean rival for US$ 940 million, after seven years of collaboration.
After inking a final agreement, Samsung is ready to absorb the South Korea-based joint venture into its existing LCD business and turn it into a 100% subsidiary. Samsung’s LCD business will then be the second-largest in the world by revenue, trailing only LG Display.
Sony, which has been reporting losses for its TV unit for years, said that parting ways with Samsung will result in savings of about US$ 640 million every year. Last month, Sony issued a financial report forecasting a US$ 1.15 billion loss for this fiscal (for the company as a whole), but it didn’t say if the forecast will be revised.
To some extent, Sony and Samsung are continuing to collaborate in the display area. The Japanese company, which will keep on producing TVs, says it “entered into a new strategic agreement for the supply and purchase of LCD panels with a goal of enhancing the competitiveness of both companies”.
Qualcomm may be facing some new competition in the mobile chip space, now that NTT DoCoMo and three other Japanese firms are looking to join forces with Samsung. According to Japan’s Nikkei business daily, the quartet of firms (which includes Fujitsu, NEC and Panasonic’s mobile unit) is currently finalizing negotiations with Samsung over a proposed joint venture that would design, develop and market smartphone chips. The partners are reportedly planning to incorporate the new chips into their own devices, while selling them to other handset manufacturers, as well. DoCoMo would hold a majority stake in the ¥30 billion (about $ 390 million) partnership, which could help lower procurement costs, while reducing the partners’ dependency upon industry-leading Qualcomm. A DoCoMo spokesman acknowledged that the provider is exploring a variety of collaborations, but was quick to point out that nothing’s been finalized. Samsung and Fujitsu, meanwhile, have yet to comment.
Tandy Trower’s robotics venture unveiled
Here’s today’s column on the robotics venture started by Tandy Trower, a noted former Microsoft employee who left in November to start Hoaloha Robotics.
Read more on Seattle Times
Robotics opening delayed, but why?
The grand opening of Phase 1 of the Alabama Robotics Technology Park has been delayed, and the cause is a matter of debate.
Read more on The Decatur Daily
Robotics needs a W3C
Robotics needs a free, open source, universal platform on which to build. We need compatibility among the various open source projects now seeking programmer loyalty. We need a clubhouse in which…
Read more on ZDNet
HP buys Seattle streaming music venture Melodeo
Hewlett-Packard confirmed this afternoon that it bought Melodeo, a 7-year-old Seattle media company that streams customers’ music collections to various devices.