An Austrian jeweller has given 'bling bling' a new definition by designing the world's most expensive phone.
The new Apple iPhone 3G 'Kings Button' is made of solid 18-carat yellow gold, white gold and rose gold!
Designed by Peter Aloisson the stunning diamond-encrusted iPhone comes for a whopping 1.8 million pounds.
The one-of-a-kind phone features a rare 6.6-carat diamond on its home button, reports The Sun.
Aloisson is credited as being the ultimate pioneer when it comes to blurring the lines between gadget, art and jewellery.
Saturday, January 10, 2009
Intel assures employees: No more job cuts
Intel Corp said job cuts it made three years ago should help it ride out the economic slowdown, indicating that Chief Executive Officer Paul Otellini won’t have to eliminate a significant number of workers.
“While we haven’t made specific projections on the size of the workforce, the restructuring we did in 2006 has put us in a good position to weather the current economic environment,” Intel spokesman Tom Beermann said today in an e-mailed statement.
Intel, the world’s top chipmaker, slashed jobs in 2006 and 2007 after losing market share to Advanced Micro Devices Inc. Those cuts helped set it apart from other technology companies, which are shedding workers now. Applied Materials Inc, National Semiconductor Corp and Sun Microsystems -- all based near Intel in Santa Clara, California -- have announced cutbacks.
“They are sufficiently profitable that even in a lousy economy they can hold on to people and sustain their new-market initiatives,” said David Wu, a San Francisco-based analyst for Global Crown Capital LLC. He has a neutral rating on the shares, which he doesn’t own. “The rich can afford to do things the poor cannot.”
Earlier this week, Intel said fourth-quarter sales dropped 23 percent, more than it projected, as the global recession stifled demand for personal computers. The company plans to give its full earnings report on Jan. 15.
Intel’s headcount
Intel had 83,500 employees at the end of the third quarter, down about 20,000 from its peak in 2006. When Otellini made those cuts, he said the company was too large for its revenue opportunities. That reduction helped profit rebound 38 percent in 2007, after a 42 percent decline in 2006.
The company will report a profit of $999.5 million for last quarter, according to a Bloomberg survey of analysts. That would be the first quarterly net income below $1 billion since 2003.
Intel fell 40 cents, or 2.8 percent, to $14.15 at 4 p.m. New York time in Nasdaq Stock Market trading. The shares lost 45 percent of their value last year.
Job cuts might have hindered Intel’s efforts to expand into new areas, Wu said. The company announced an agreement this week to get its chips into television equipment from Toshiba Corp and Samsung Electronics Co.
“They are pretty committed to going into new markets, and they don’t want to have to say, ‘Oops, a recession. Everything stop,’” Wu said. “That wastes a lot of money.”
Agencies
“While we haven’t made specific projections on the size of the workforce, the restructuring we did in 2006 has put us in a good position to weather the current economic environment,” Intel spokesman Tom Beermann said today in an e-mailed statement.
Intel, the world’s top chipmaker, slashed jobs in 2006 and 2007 after losing market share to Advanced Micro Devices Inc. Those cuts helped set it apart from other technology companies, which are shedding workers now. Applied Materials Inc, National Semiconductor Corp and Sun Microsystems -- all based near Intel in Santa Clara, California -- have announced cutbacks.
“They are sufficiently profitable that even in a lousy economy they can hold on to people and sustain their new-market initiatives,” said David Wu, a San Francisco-based analyst for Global Crown Capital LLC. He has a neutral rating on the shares, which he doesn’t own. “The rich can afford to do things the poor cannot.”
Earlier this week, Intel said fourth-quarter sales dropped 23 percent, more than it projected, as the global recession stifled demand for personal computers. The company plans to give its full earnings report on Jan. 15.
Intel’s headcount
Intel had 83,500 employees at the end of the third quarter, down about 20,000 from its peak in 2006. When Otellini made those cuts, he said the company was too large for its revenue opportunities. That reduction helped profit rebound 38 percent in 2007, after a 42 percent decline in 2006.
The company will report a profit of $999.5 million for last quarter, according to a Bloomberg survey of analysts. That would be the first quarterly net income below $1 billion since 2003.
Intel fell 40 cents, or 2.8 percent, to $14.15 at 4 p.m. New York time in Nasdaq Stock Market trading. The shares lost 45 percent of their value last year.
Job cuts might have hindered Intel’s efforts to expand into new areas, Wu said. The company announced an agreement this week to get its chips into television equipment from Toshiba Corp and Samsung Electronics Co.
“They are pretty committed to going into new markets, and they don’t want to have to say, ‘Oops, a recession. Everything stop,’” Wu said. “That wastes a lot of money.”
Agencies
Motorola India issues pinkslips to employees
Seems the predictions of a tough 2009 for the cellphone market have started coming true. According to a report in a leading daily, more than 200 people Motorola India had hired just a few months ago to drive its mobile handsets business have been laid off.
The company has decided to stick to its current model of doing business through distributors, says the report.
Industry sources said that Motorola paid all the laid-off sales personnel two months salary in lieu of the notice period.
The company is also reported to have issued pink slips to at least 100 of its 4,000 employees in India in December. It is, however, not clear if the current number of employees given pinkslips includes these.
The December move was said to be a part of the Illinois-based company's earlier announced strategy of slashing 3,000 jobs, or about 5 per cent of its global workforce.
This week the company also launched MotoYuva EM325. The eighth MotoYuva mobile phone in India offers a one-touch access to MP3 library, a universal 3.5 mm jack, 2 GB of removable microSD memory and drag-and-drop USB 2.0 technology. The phone is available in India at a price of approximately Rs 5,149.
In an interview to a news agency, Sony Ericsson CEO, Hideki Komiyama said that the company expects a challenging year 2009 as the handset sales are expected to be down by 5-6 percent.
Sony Ericsson's predictions follow similar ones from Nokia and Gartner according to which the global handset market is set for a slowdown in 2009.
Indiatimes
The company has decided to stick to its current model of doing business through distributors, says the report.
Industry sources said that Motorola paid all the laid-off sales personnel two months salary in lieu of the notice period.
The company is also reported to have issued pink slips to at least 100 of its 4,000 employees in India in December. It is, however, not clear if the current number of employees given pinkslips includes these.
The December move was said to be a part of the Illinois-based company's earlier announced strategy of slashing 3,000 jobs, or about 5 per cent of its global workforce.
This week the company also launched MotoYuva EM325. The eighth MotoYuva mobile phone in India offers a one-touch access to MP3 library, a universal 3.5 mm jack, 2 GB of removable microSD memory and drag-and-drop USB 2.0 technology. The phone is available in India at a price of approximately Rs 5,149.
In an interview to a news agency, Sony Ericsson CEO, Hideki Komiyama said that the company expects a challenging year 2009 as the handset sales are expected to be down by 5-6 percent.
Sony Ericsson's predictions follow similar ones from Nokia and Gartner according to which the global handset market is set for a slowdown in 2009.
Indiatimes
Friday, January 9, 2009
Satyam's Ramalinga Raju surrenders
The disgraced chairman of Satyam Computer Services B Ramalinga Raju has surrendered on late Friday night before the Andhra Pradesh Director General of Police, two days after he confessed to perpetrating a Rs 7,000-crore financial fraud. The CID had registered a case based on Raju's confessional statement.
B Ramalinga Raju tonight surrendered before the Director General of Andhra Pradesh Police S S P Yadav, a police spokesperson said.
"I am prepared to subject myself to the laws of the land and face the consequences thereof" Raju had said in a confessional statement.
Agencies
B Ramalinga Raju tonight surrendered before the Director General of Andhra Pradesh Police S S P Yadav, a police spokesperson said.
"I am prepared to subject myself to the laws of the land and face the consequences thereof" Raju had said in a confessional statement.
Agencies
Is the Apple founder Steve Jobs dead?
Hijacking a Web feed of the Macworld 2009 conference, hackers have made spoof announcements about the death of Steve Jobs, chief executive of Apple.
Earlier this week, Jobs clarified persistent rumours about his health saying that he is suffering from health problems caused by a hormone imbalance.
However, the entire Web world was inundated with false claims of his demise via a fabricated live feed from Macworld Expo after hackers managed to breach security on a well-respected website.
The hackers fiddled with the micro-blogging feed at Macrumorslive.com, which was running smoothly through the first 23 minutes of the keynote speech given by Phil Schiller, senior vice president of marketing at Apple.
But, out of nowhere a message was posted that said, "Steve Jobs just died."
While the micro-blogging feed continued with developments about iPhoto, it was after three minutes that the feed came up with a clarification.
"Retraction on Steve Jobs comment ... we don't know how that got in our feed. Steve did not die," The Telegraph quoted the feed, as saying.
Another message came soon after, and said, "Oh wait, sorry, Steve did die. Our condolences."
The hackers were found to have affiliation with a website called 4Chan.The anonymous participants of 4Chan have discussed a number of high-profile online pranks, including attacks on the Church of Scientology and the breach of a Yahoo email account belonging to vice-presidential candidate Sarah Palin.
"Our MacRumorsLive keynote coverage was hacked today, inserting inappropriate content into the text and photo feeds. We apologise for the inconvenience and are working to restore our services," read an item on Macrumors.com.
While bloggers have claimed that the site's passwords have been out on 4Chan since a day before the hack, but the claims have not been confirmed as yet.
Agencies
Earlier this week, Jobs clarified persistent rumours about his health saying that he is suffering from health problems caused by a hormone imbalance.
However, the entire Web world was inundated with false claims of his demise via a fabricated live feed from Macworld Expo after hackers managed to breach security on a well-respected website.
The hackers fiddled with the micro-blogging feed at Macrumorslive.com, which was running smoothly through the first 23 minutes of the keynote speech given by Phil Schiller, senior vice president of marketing at Apple.
But, out of nowhere a message was posted that said, "Steve Jobs just died."
While the micro-blogging feed continued with developments about iPhoto, it was after three minutes that the feed came up with a clarification.
"Retraction on Steve Jobs comment ... we don't know how that got in our feed. Steve did not die," The Telegraph quoted the feed, as saying.
Another message came soon after, and said, "Oh wait, sorry, Steve did die. Our condolences."
The hackers were found to have affiliation with a website called 4Chan.The anonymous participants of 4Chan have discussed a number of high-profile online pranks, including attacks on the Church of Scientology and the breach of a Yahoo email account belonging to vice-presidential candidate Sarah Palin.
"Our MacRumorsLive keynote coverage was hacked today, inserting inappropriate content into the text and photo feeds. We apologise for the inconvenience and are working to restore our services," read an item on Macrumors.com.
While bloggers have claimed that the site's passwords have been out on 4Chan since a day before the hack, but the claims have not been confirmed as yet.
Agencies
Satyam CFO attempts suicide
Srinivas Vadlamani, CFO of Satyam, who is thought to be involved in one of the major IT company's scam, has attempted a suicide in a house in Ameerpet near Hyderabad.
Significantly, in Raju's letter to Securities and Exchange Board of India (SEBI) and the company's board of directors, the name of CFO is missing from the list of those who were 'unaware of the real situation'.
Meanwhile the Andhra Pradesh state police may register a suicide case today. K. Arvind Rao, Addl DG, (intelligence) declined to comment, when CXOtoday contacted him over phone. "I can't speak on this issue right now," said Arvind.
Srinivas Vadlamani, has been reported 'missing' from his home in Malkajgiri for the last couple of days. However, interim CEO -- Ram Mynampati in a press conference on Thursday said that Vadlamani had put in his papers. The decision on his resignation will be taken in board's meeting to be held tomorrow, the media had been informed.
Source: CXOtoday
Significantly, in Raju's letter to Securities and Exchange Board of India (SEBI) and the company's board of directors, the name of CFO is missing from the list of those who were 'unaware of the real situation'.
Meanwhile the Andhra Pradesh state police may register a suicide case today. K. Arvind Rao, Addl DG, (intelligence) declined to comment, when CXOtoday contacted him over phone. "I can't speak on this issue right now," said Arvind.
Srinivas Vadlamani, has been reported 'missing' from his home in Malkajgiri for the last couple of days. However, interim CEO -- Ram Mynampati in a press conference on Thursday said that Vadlamani had put in his papers. The decision on his resignation will be taken in board's meeting to be held tomorrow, the media had been informed.
Source: CXOtoday
Thursday, January 8, 2009
Satyam likely to layoff 10,000 employees in 2009
With a big questions mark on its cash position and a minimum outgo on salary estimated at Rs 500 crore a month, Satyam may lay off over 10,000 employees next month, says a recruitment firm.
"It is most likely that Satyam will cut 10,000 jobs next month as the company is left with no cash to pay the salaries. The current fiasco is likely to put pressure on salaries, which may reduce by 10 per cent due to the surplus of about 20,000 people in the jobs market," Headhunters India CEO Kris Lakshmikanth said.
Satyam interim CEO Ram Mynampati while admitting that the cash position is not encouraging, the company, however, has taken care of salary for December.
Lakshmikanth said till Tuesday evening there were about 7,800 people from Satyam who had posted their resumes on job sites and by Wednesday afternoon, it has gone up to 14,000.
The uncertainty about jobs is killingly painful for the 53,000 employees of Satyam, especially when the industry is going slow on recruitment.
Further, possibility of a takeover too looks distant as the accounting fraud done by the company would make it difficult for any firm to evaluate its correct market value, which is compounding the worries of the employees.
IT-BPO union Unites Professionals general secretary Karthik Shekhar said, "In case of any lay off at Satyam, we may take legal action."
"We have received over 7,000 hits since the news break. Yesterday, in one hour we have seen over 800 hits (no of people visiting the site) from Hyderabad. People have been enquiries on how the union can help them," Shekhar added.
Agencies
"It is most likely that Satyam will cut 10,000 jobs next month as the company is left with no cash to pay the salaries. The current fiasco is likely to put pressure on salaries, which may reduce by 10 per cent due to the surplus of about 20,000 people in the jobs market," Headhunters India CEO Kris Lakshmikanth said.
Satyam interim CEO Ram Mynampati while admitting that the cash position is not encouraging, the company, however, has taken care of salary for December.
Lakshmikanth said till Tuesday evening there were about 7,800 people from Satyam who had posted their resumes on job sites and by Wednesday afternoon, it has gone up to 14,000.
The uncertainty about jobs is killingly painful for the 53,000 employees of Satyam, especially when the industry is going slow on recruitment.
Further, possibility of a takeover too looks distant as the accounting fraud done by the company would make it difficult for any firm to evaluate its correct market value, which is compounding the worries of the employees.
IT-BPO union Unites Professionals general secretary Karthik Shekhar said, "In case of any lay off at Satyam, we may take legal action."
"We have received over 7,000 hits since the news break. Yesterday, in one hour we have seen over 800 hits (no of people visiting the site) from Hyderabad. People have been enquiries on how the union can help them," Shekhar added.
Agencies
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