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Schulze Looks for A Few Good Men

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According to senior Best Buy executive J.D. Wilson Best Buy founder (and ex-chairman) Richard Schulze is looking for a few good men-- execs able to lead should Schultze manage to buy the retailer back.

Schulze“He is talking to people he trusts,” Wilson tells Bloomberg. “There is a small group he’d like to have with him... He is serious as a heart attack.” More than serious, that.

Wilson was apparently approached by Schulze, and will work with him should the deal actually happen.

Schulze is also reportedly talking to is former CEO Brand Anderson, who expresses interest in such a position to (anonymous) Bloomberg sources deep within the Best Buy hierarchy.

Other sources claim Schulze is yet to reach an agreement with anyone yet, even if he is in talks with potential investors and private-equity firms.

Back on June 2012 the WSJ first reported on Schulze's plan to take over Best Buy, turning it into a privately owned company in order to "preserve the value of his holding." While Best Buy might be struggling in the face of online retail, it is still not an easy purchase-- Wall Street estimates it probably costs over $11 billion. Schulze owns the biggest chunk of Best Buy, a 20% stake valued at around $1.4bn.

However analysts suggest a Best Buy buyout would only be possible should the retailer "sweeten" the deal by selling off its European and Chinese units.

Schulze founded Best Buy 46 years ago, and he led until 2002. He was forced to resign from his position as Best Buy chairman back in May 2012, following his failure to report the "improper relationship" between former CEO Brian Dunn and a 29-year old female employee.

Go Best Buy Founder Schulze Recruiting Executives for Buyout (Bloomberg)

Go Best Buy Founder to Buy Best Buy?

Games Developers Not Happy with Windows 8

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Valve (Half Life 2) head honcho Gabe Newell is not very happy with Windows 8-- describing the soon available update on the Windows platform as nothing less than "kind of of a disaster."

Gaben"I think that we’re going to lose some of the top-tier PC [OEMs]," Newell tells ex-Microsoft Game Studios boss Ed Fries at the Casual Connect game conference. "They’ll exit the market. I think margins are going to be destroyed for a bunch of people."

Newell is not the only games developer expressing negative opinions towards Windows 8--  Blizzard (Diablo 3, World of Warcraft) exec VP Rob Pardo echoes Newell's opinions on Twitter (saying Windows 8 is "not awesome for Blizzard either") while back in March 2012 Stardock CEO Brad Wardall described the OS flawed and lacking a single, consistent environment in an editorial for news site Kotaku.

Will Graphene Fulfill its "Miracle Material" Promise?

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Which material will lead the post-silicon computing future? Graphene steps forward as likely candidate, as researchers find a means of making the "miracle material" fulfill its promise in electronics.

GrapheneDiscovered in 2004 by two University of Manchester scientists (winning them the 2010 Nobel prize in physics), graphene consists of one-atom-thick sheets of carbon. It can carry electric charges faster than any other material, making it theoretically perfect for use in electronics... but it makes a terrible semiconductor (essential for making transistors) and doesn't take well to metal contacts.

Now scientists at Friedrich-Alexander University Erlangen-Nuremberg in Germany and the Swedish research institute Acreo AB have a proposal to solve the problem-- cooking graphene from silicon carbide.

Silicon Carbide is a simple silicon-carbon crystal. Heat it up and silicon atoms rise from the crystal, leaving a graphene layer below. The researchers discovered a means of etching electrical channels into silicon carbide wafers (defining where different transistor parts will be) using hydrogen to create regions with either conducting or semiconducting properties.

The process creates graphene ideal for transistor use.

But will graphene truly be the material of the future? What about "silicene"-- a single layer of silicon atoms with graphene-like properties...

Go Tailoring the Graphene/Silicon Carbide Interface for Wafer-Scale Electronics (Nature Communications)

Go Silicene: Compelling Experimental Evidence for Graphenelike Two-Dimensional Silicon (Physical Review Letters)

Apple Buys into Mobile Security

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Apple makes a rare big purchase-- AuthenTec, buying the mobile security firm for $365 million.

AuthentecThe news comes from an 8K document from AuthenTec, one which at one point (perhaps unsurprisingly) remarks "Authentec cannot comment on Apple's intentions."

Authentec makes fingerprint recognition and NFC chips for mobile device and PC use. It also makes security software-- and recently signed a big contract with Samsung for the use AuthenTecs' QuickSec Mobile VPN Client in new Android devices.

Other AuthenTec customers include Lenovo, Fujitsu and Dell.

What will Apple do with a mobile security firm? Authentec owns around 200 patents covering fingerprint sensors, sensor packaging and software. Not to mention issues involving the security of personal info stored on iDevices and tightening of iTunes and App Store security.

The purchase does raise a simple question-- will Apple follow Google and create its own NFC-based mobile payments system now that it has the means?

Go AuthenTek Apple Purchase 8K

Go AuthenTec Shares Up on Samsung Contract (Reuters)

Neckermann Out of the Red (for now)

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Struggling mail-order retailer Neckermann manages to prevent collapse following negotiations with suppliers, creditors and the Federal Employment Agency.

NeckermannThe retailer filed for bankruptcy protection earlier this month following failure assure owners Sun Capital Partners earlier cost-cutting plans (involving the slashing of 1380 out of 2400 jobs) would result in profitable results.

The situation was bad enough to stop DHL and Deutsche Post from delivering Neckermann packages to customers. In fiscal 2010 (more recent figures are not available) Neckermann paid  €113 million in shipping costs, in addition to €15m worth in catalog delivery postage.

Neckerman now asks for "loyalty and support" from all suppliers and customers, and offers a "loyalty line" in select white goods (namely washing machines, refrigerators, dryers and TVs) via its still-operational website throughout July 2012.

Go Neckermann Initially Stablised (German)

Go For the Time Being Neckermann Can Sigh in Relief (Handelsblatt)

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