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Filed under: Misc. Gadgets, HDTV

With the markets tanking, banks imploding, and the massive bailout seemingly having no effect, it’s safe to say that the economy is in dire, dire shape. People are cutting back on everything from vacations to vaccinations, yet are apparently still quite willing to open their wallets for new electronic goodies — if you believe the group that represents all those goody makers, at least. The Consumer Electronics Association is saying that sales of gadgets and the like are surging compared to this time last year, with flat-panel TV sales alone up 40-percent. The explanation is that people are staying home more often to save funds, so are investing in home entertainment systems, videogames, laptops, and other miscellaneous toys to stave off cabin fever, particularly when they can find good deals online. Maybe that explains HD-DVD’s continued success?

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Source: Tim Stevens

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Filed under: Cellphones

“Planned” and “executed” are two very different things, and while we knew Sony Ericsson was mulling the idea of hacking 2,000 jobs, the hammer has finally fallen in Research Triangle Park, NC. The company will soon be axing 450 employees at its North American headquarters as part of a large reorganization, with most everyone knowing by the week’s end whether they’ll stay or go. According to Aldo Ligouri, Sony Ericsson’s head of global communications and public relations, the RTP cuts are “part of company-wide changes that Sony Ericsson announced in July,” and in whatever context, he added that “this is our map of how we see things moving forward.” Just to put things in perspective, the outfit only has about 750 workers in the North Carolina-based facility, which is primarily seen as an R&D hub. Tough news to hear, no matter how you spin it.

[Image courtesy of Flickr]

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Source: Darren Murph

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Filed under: Displays, HDTV, Home Entertainment

So yeah, apparently that whole attempt to “streamline operations” back in April didn’t go over so well, as Syntax-Brillian — you know, that firm neck deep in panel partnerships and responsible for Olevia HDTVs — has just filed for Chapter 11 bankruptcy. The Arizona-based company has also “entered into a deal to sell certain of its assets to a newly created company called Olevia International Group LLC,” which has agreed to pick up some $60 million of its secured debt. We’re also told that operations in Tempe have ceased, and “about eight employees” (including the finance chief, general counsel and finance staff) are sticking around with nothing better to do.

[Thanks, Paul]

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Source: Darren Murph

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Filed under: Wireless

Remember that WiFi pact brewed up between AT&T and Starbucks earlier this year? How could you forget, right? As if it wasn’t official enough already, the two have announced that the rollout has begun at company-operated Starbucks locations, and the nationwide effort will continue throughout 2008. Effective May 1st, qualifying AT&T high-speed internet / WiFi customers — that’s those who subscribe to one of the three higher-speed residential broadband packages, a small business broadband package or a U-verse offering with high-speed internet — will have free WiFi access at over 7,000 coffeehouses across the US. Unfortunately, we’re not given any real insight into what kinds of potential deals are in the works for AT&T wireless customers (if any at all), but here’s to hoping you all can get a little love, too.

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Source: Darren Murph

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Filed under: Cellphones

Good news coming from the Motorola camp? Say it ain’t so! The long-standing feud between the flagging company and investor Carl Icahn has finally come to an end, and lo and behold, the pending litigation between the two has even been dismissed. Apparently the two parties managed to agree that (effective immediately) Keith Meister, a managing director of the Icahn investment funds and principal executive officer of Icahn Enterprises would be “appointed to serve on the [firm’s board of directors],” and William R. Hambrecht, founder, chairman and CEO of WR Hambrecht + Co. and co-founder of Hambrecht & Quist, would be “nominated for election” during the 2008 annual shareholders meeting. Heck, Moto’s even soliciting Mr. Icahn’s input in dealing with the hopeful separation of businesses — but then again, it would probably take advice from just about anyone given the current state of affairs.

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Source: Darren Murph

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Filed under: Cellphones, Wireless

Late last year, we were still wondering whether LTE even had the backing to keep up with WiMAX. Fast forward to CTIA 2008, and my, how the tables have turned. Vodafone, which already teamed up with Verizon in order to initiate an LTE trial in 2008, urged the rest of the wireless sector to put its support squarely behind Long Term Evolution. Vodafone Group’s CEO, Arun Sarin, suggested that we could all see mobile internet speeds more similar to those enjoyed on the PC today if the industry “rallied around one broadband standard,” specifically noting that “we need to look at LTE as an all-encompassing standard.” The push comes hot on the heels of Sprint’s unfortunate delay of its XOHM WiMAX network, but it should be noted that infrastructure vendors in attendance tended to feel that the two would coexist at least in the short term. Sheesh, let’s just forget this whole LTE / WiMAX spat and place our bets on TD-SCDMA.

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Source: Darren Murph

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Filed under: Gaming

Aside from planning to axe 400 jobs as part of Sega Sammy’s most recent “turnaround efforts,” the outfit will also be closing the doors to its Korean subsidiary. Currently, Sega Korea is “handling the domestic distribution and sales of video game software, as well as the operation / sales of amusement facilities and machines,” and reportedly, the closure will be executed in the name of “global business optimization.” As it stands, there’s no set date for the branch’s dissolution, but just in case your smile wasn’t turned upside-down already, the company also stated that it would discontinue the development of a ginormous $330m arcade complex slated for construction in Yokohama, Japan — if you couldn’t guess, that one’s being shuttered so the firm can “focus its efforts on its core business to improve its performance” in short order. Seriously though, what the hell kind of company would spend $330m on arcade, anyway?

[Via Joystiq, image courtesy of USMC]

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Source: Darren Murph

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Filed under: Cellphones

Looks as if Nokia’s going to be using a portion of that gigantic profit it raked in during Q4 to appease NRW.Bank — unless a meeting it hopes to establish within the next few days changes matters, that is. Apparently, a German state has “asked” the handset maker to hand back government-issued subsidies (with interest, no less) that it received to build a cellphone factory in Bochum which it now plans to close. In sum, Nokia’s looking at a tab of $92 million, as the folks in the industrial Ruhr region are none too pleased about what will likely result in the loss of some 2,300 jobs. Purportedly, the cash is due by March 31st, and if Nokia refuses to comply, the bank has stated that it will “take legal action to secure payment.” Them’s fightin’ words there.

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Source: Darren Murph

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