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Intel Buys Killer Wifi Card Maker

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Intel Buys Killer Wifi Card Maker

Intel announces the acquisition of Rivet Networks, the company behind the Killer-branded NICs (network interface cards) found in laptops from popular brands such as Dell, Alienware and HP.

The financial details of the deal are not available, but Intel plans to use the acquisition to "develop new solutions for broader PC connectivity enhancement." Key Rivet Networks products, including the Killer brand, will make part of the broader Chipzilla wifi portfolio, while the software will remain available for 3rd party licensing. In addition, Intel will fold the Rivet Networks team into the Intel Wireless Solution Group within the Client Computing Group.

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Intel Commits to Global Challenges

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Intel Commits to Global Challenges

Intel releases the annual Corporate Responsibility Report-- one defining the global challenges for the company, expanding its commitment in resources, expertise, global reach and influence beyond own operations.

“The world is facing challenges that we understand better each day as we collect and analyze more data, but they go unchecked without a collective response-- from climate change to deep digital divides around the world to the current pandemic that has fundamentally changed all our lives,” CEO Bob Swan says. “We can solve them, but only by working together.”

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Services Drive Apple Fiscal Q2

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Services Drive Apple Fiscal Q2

Apple announces the financial results for fiscal Q2 2020 (ending 28 March 2020)-- revenues for the quarter total $58.3 billion, a 1% Y-o-Y increase, with international sales accounting for 62% of the quarterly total.

“Despite Covid-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables,” CEO Tim Cook says. “In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive. We feel motivated and inspired to not only keep meeting these needs in innovative ways, but to continue giving back to support the global response, from the tens of millions of face masks and custom-built face shields we’ve sent to medical professionals around the world, to the millions we’ve donated to organizations like Global Citizen and America’s Food Fund.”

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Intel Beats Expectations in Q1 2020

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Intel Beats Expectations in Q1 2020

Intel reports strong performance for Q1 2020, with revenues reaching $19.8 billion, a 23% Y-o-Y increase-- results the company says demonstrate the technology industry is "more essential now than it has ever been."

Chipzilla profits total $5.7bn, a 43% Y-o-Y increase, while gross margins reach 60.6%. Driving such results is the Datacentre Group (DCG), with revenues growing by 43% Y-o-Y to $7bn. The memory business emerges as a surprise champion, with 46% Y-o-Y growth on $1.3bn in revenues, while ADAS adoption leads to a record quarter for the Mobileye business. The rest of the Intel IoT business does see a -3% Y-o-Y drop in revenue, however.

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Microsoft Pushes Back Dual-Screen Surface Release?

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Microsoft Pushes Back Dual-Screen Surface Release?

Microsoft might not release the dual-screen Surface Neo tablet and the associated Windows 10X OS in 2020, ZDNet report, the result of both the coronavirus affecting China-bases supply chains and a refocusing of efforts from the company.

According to connected journalist Mary Jo Foley, Chief Product Officer Panos Panay internally informed "some" of his team Microsoft will not only not deliver own Surface Neo dual-screen 10X devices in the calendar year, it will also not allow 3rd party dual-screen device running on the Windows variant to ship in 2020. Currently, the report adds, the priority is to get Windows 10X on single-screen devices first, turning it into something of a Chrome OS rival in the process.

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SteelSeries Buys A-Volute

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SteelSeries Buys A-Volute

Danish PC accessory maker SteelSeries announces the acquisition of A-Volute, the company behind the Nahimic audio software. The financial details of the deal are not available.

"With our award-winning innovations that have redefined the gaming audio experience, and our best-in-class SteelSeries Engine software, bringing A-Volute into the SteelSeries family seemed like a natural fit and we are extremely excited about partnering with Tuyen and his team,” SteelSeries says. “With their excellence in audio software, they’ll help us improve gamers’ audio experiences even further."

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Xerox Gives Up on Buying HP

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Xerox Gives Up on Buying HP

The "market turmoil" brought about by the current coronavirus (aka Covid-19) pandemic brings about an environment "not conductive" for Xerox to acquire HP, the printer maker claims as it withdraws its $35 billion offer for the larger rival.

"While it is disappointing to take this step, we are prioritizing the health, safety and well-being of our employees, customers, partners and other stakeholders, and our broader response to the pandemic, over and above all other considerations," the Xerox statement continues. The company adds the continued HP refusal of the offer was nothing less than a "great disservice" for stockholders, and thanks the banks willing to provide financing even as the pandemic wrecks havoc on the markets.

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HP Rejects Xerox Offer... Again

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HP Rejects Xerox Offer... Again

The HP board makes declares the latest "unsolicited exchange offer" from Xerox is not in the best interest of the company, and unanimously insists shareholders not only reject said offer, but also hold on to their shares.

“Our message to HP shareholders is clear-- the Xerox offer undervalues HP and disproportionately benefits Xerox shareholders at the expense of HP shareholders,” chairman Chip Berg says. “The Xerox offer would leave our shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and which would subsequently require unrealistic, unachievable synergies that would jeopardize the entire company.”

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Coronavirus Leads to Samsung, LG Factory Closures

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Coronavirus Leads to Samsung, LG Factory Closures

Concerns involving the coronavirus (aka Covid-19) have affected two of the biggest CE vendors in the world-- Reuters reports both Samsung and LG are closing factories in S. Korea following employees testing positive for the virus.

 

The first closure involves a Samsung mobile device factory complex in the city of Gumi. The company confirmed one case of an infected employee at the factory, leading to the shutdown of the entire facility. In addition, all colleagues of the infected employee were put in self-quarantine, and are being tested for possible infection.

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