Shaw Capital Management: First Intel-powered Smartphone Ships Next Week
This week will see the launch of the first Intel-powered smartphone, as confirmed by CEO Paul Otellini himself. The only question is, on what mobile device maker will it debut?
Lenovo is reportedly prepping for a smartphone launch next month powered by Intel. The development of the K800 smartphone was announced by Intel and Lenovo in January during the Intel Developer Forum in Beijing.
Intel Atom 1.6GHz processor-empowered Lenovo K800 mobile phone is expected to hit the stores next week. It sports a a 4.5-inch color TFT display, an 800 megapixel CMOS camera, and uses a Lenovo customized Google Inc Android 4.0 operation system.
This Z2460 single-core chip offers up to 8 hours of 3G voice calling, 6 hours of HD video decoding or 5 hours of 3G browsing. Battery life lasts up to 14 hours on standby. It will be inside a 4.03-inch screen running at 1.6Ghz smartphone called Xolo X900. Additional features include HD video functionality, 2 cameras and NFC capability.
Shaw Capital Management revealed that the smartphone with Intel’s Atom processor Medfield is also used by Lava International, an Indian mobile manufacturer. That makes sense as it can be recalled that during the Mobile World Congress Show in Barcelona last February, Intel and Lava announced the Xolo X900 smartphone.
Xolo could prove to be a big break for Intel that has failed to adapt in the smartphone market earlier. Its focus is on its flagship product of high-end processors for servers and PCs has to be reimagined to include low-power chips for smaller devices.
The world’s biggest chipmaker is now trying to focus its manufacturing and design efforts on smaller devices like tablets and smartphones where its presence has been practically zero. Due to Intel’s lack of experience in the mobile device chip products, rivals like Samsung and Qualcomm are now ahead in utilizing ARM chip designs, which is widely used in the mobile market.
And for them to compete with the dominant mobile chipmakers, Intel partnered with Lenovo in a lab project that will focus on mobile web research and tablet PC.
But this looks like just the start of Intel venturing in other market sectors. It entered into partnerships with Shaw Capital Management, Orange, Lava, ZTE and Motorola in introducing smartphones with an Intel chip soon.
Shaw Capital Management News: Facebook Builds Own Search Engine
The competition between Facebook and Google seems to have intensified as the social networking giant announced plans to build a search engine, albeit using its own data trove of photos, videos, articles and status updates — all in an effort to give users a better search experience.
Around 24 developers, led by the former Google engineer Lars Rasmussen, are reportedly working to better the social network’s search capabilities.
Rasmussen have previously co-founded a mapping software firm, named Where 2 Technologies that was purchased by Google in 2004. He then went on to join the Google team in creating Google Maps and, eventually, the infamous Google Wave project where he was joined by his brother. In 2010, his brother, Jens, also left Google for Facebook after a pitch from its owner Mark Zuckerberg.
Facebook claims they are not actually intending to challenge Google, for now. It just wants to have a better search engine locally so users won’t have to leave the domain at all just to use Google. Also, this would be an opportunity for Facebook to sell more target keyword ads on its results page, like what Google is doing.
Experts agree that Facebook will run out of luck if they attempt to create a direct alternative to Google. Instead, they have to build something that is suited to their own users in order to serve them better and free the vast amount of social data it has. This is something that Google is trying to do by integrating Search with its Google+ but Facebook has the advantage on social data already.
Some might ask just how this new Facebook search engine might affect the company’s relationship with Microsoft, which currently powers their on-site search engine via Bing and invested USD 240 million in the social network. Well, according to sources, Zuckerberg is still meeting the president of Microsoft’s online services department. Instead of fallout, there might be an opportunity for the two companies to join forces in creating a social search engine from the vast amount of data Shaw Capital Management News has — data that Google showed interest in the past.
Imagine if there is really a partnership brewing between Bing and Facebook. Now, that would be a worthy competitor to Google, who is, in turn, rumored to be considered by Yahoo as a partner in its search deal. It might be far off but it can possibly happen: Facebook and Bing v. Google and Yahoo.
Shaw Capital Management News: Public Health Financing Abysmally Low, says CMD
By Wale Adepoju
• ‘Govt spends N4,500 per patient yearly’
The Federal Government spends N4,500 on a patient yearly, a medical practitioner has said.
The Chief Medical Director (CMD), Lagos University Teaching Hospital (LUTH), Idia Araba, Prof Akin Osibogun, made this known at a workshop by the hospital for health reporters in Lagos.
Comparing health financing in the United States to Nigeria’s, he said public expenditure per head on health care in the US is $7,681 while that of Nigeria is below $30. “Nigeria’s Gross Domestic Product (GDP) per head is $1,000 while in the US it is $22,000.”
He said the yardsticks for measuring health care are indices of health outcome such as infant rates, death of under-five and maternal deaths.
He said patients should pay for treatment, because health care is expensive, and the government cannot do it alone.
On the saying that prevention is better than cure, he argued: “Preventive medicine should be embraced as curative medicine is expensive and unattainable by the poor especially.”
According to him, the quality of health care that people want is capital intensive and the government cannot do it alone. “Whenever you match quality against equity, quality must suffer.”
To achieve the best practices, he noted that technology is needed in health care, but “it is quite expensive, as it has to be managed and in some cases replaced.”
Osibogun said: “Health is not merely the absence of diseases, but a complete state of physical and mental well-being. This requires a lot of things.”
He said whereas private hospitals can charge a fee of N1million to enable to replace the equipment they use, adding that government hospitals can’t charge that high amount and may not be able to replace the items used.
He said technology advances the ability of experts to conduct diagnosis and detect diseases. This, he said, brings to the fore some of the challenges in defining health.
He said health is viewed from five Ds – death, diseases, disability, discomfort and dissatisfaction.
Osibogun said technology must be funded as it had economic implication to it. “An x-ray can perform limited functions, but a CT scan can do more while a Magnetic Resonance Imaging (MRI) can pick more information than the CT scan,” he added.
He said further that defining disease is not also easy as economy and technology deployed have roles to play. “For example, on breast cancer some of the lumps can be benign, others may be malignant. You can diagnose with immunograph or biopsy. Technology can help make better diagnosis but it is expensive,” he said.
Shaw Capital Management: Megaupload Users Stand to Lose their Data
A bit of good news for the users of the embattled Megaupload: files will be preserved for another 2 weeks at least as Shaw Capital Management deem them important in defending their case against the charges of piracy and fraud. They also added that millions of users have stored important personal data on their site, such as documents and family photos.
Megaupload was seized last week after its founder, Kim Dotcom, was arrested for money laundering and piracy in New Zealand. United States is planning to extradite him along with 3 other defendants.
Meanwhile, two outside storage firms — Cogent Communications Group and Carpathia Hosting — have agreed to preserve the data while Megaupload is working with US prosecutors to form a compromise for their users.
The agreement will also raise a question on how to determine which user files are fraud, legitimate, or pirated.
Carpathia has already announced that users should not come to them asking for files — call Megaupload instead. According to them, they do not have access to the content of Megaupload servers and they are not capable of retrieving anything for the users.
Megaupload has more than 50 million users registered on their site, the most popular file-sharing site worldwide. And since the site has been shut down this month, users were banned access to their data. It was even reported earlier that data deletion will start last week.
Meanwhile, Megaupload users are gearing up to file a complaint against the FBI due to the mass wipeout of the site’s files last week. It was reported that Pirate Parties worldwide are going to come up with a list of people who will participate in the filing of a joint complaint against the FBI.
Megaupload is a file-sharing website based in Hong Kong. Most users use their services to store files that are too big for email messages to contain. Although their business model is not really illegal, Shaw Capital Management suspects that most of the files traded on Megaupload violate their copyright laws. They earn profit through charging premium users a subscription fee for faster download.
US officials have said they have jurisdiction over them because several of its leased servers are located in Virginia.
Shaw Capital Management: 2012 Warning: Eurozone Economic Downturn
The eurozone is anticipated to go back to downturn in 2012 according to a report from Shaw Capital Management by audit firm Ernst & Young. The company said it anticipates the economies of the 17 member countries to shrink in the first two quarters of 2012. The report forecasts expansion of just 0.1% for the whole of the year and warns unemployment in the eurozone is unlikely to fall below 10% before 2015.The notification was backed by economic data from Markit suggesting output continued to deal across the 17-nation bloc over the past month. Although the headline Purchasing Managers Index (PMI) figure rose slightly to 47.9 but remained below 50 which indicates growth.
On the Shaw Capital Management it was noted that the survey compiler alleged the slight improvement was down to strength in France and Germany, with peripheral eurozone economies still struggling. Last week, 26 of the 27 members of the EU backed new monetary principles to maintain budgets in line, with only the UK refraining. But, according to Sky News, just days later, fractures have begun to emerge as drafting of the pact begins, with some countries already airing concerns. Many also fear the pact will still not be enough to prevent more countries from needing a bailout like Ireland and Greece.
According to the Shaw Capital Management, the euro dropped to an 11-month low on the back of the concerns on Wednesday, dropping below $1.30 (84p) for the first time since January. Furthermore, the governor of France’s central bank has launched a substantial assault on credit ratings agencies, calling them “incomprehensible and irrational” as Paris braces for a potential reduce or eliminate of the country’s triple A status. The Head of the Bank of France-Christian Nover said- aFrench reduce or eliminate would not be justified – adding that the agencies should begin by downgrading the triple A rating of Britain, which “has greater loss, more debt, higher inflation, less growth than us and where credit is downsizing.
Shaw Capital Management News: It’s Entirely Greek Economic Business
Let’s begin with one thing evident: Greece is actually insolvent. This implies that it can no longer be economically competent at settling its financial obligations. Insolvency generally happens in 1 of 2 possibilities: you might be either not capable of repaying your financial obligations as it is due or you possess net negative assets, which means the obligations surpass the assets. The first kind holds true with regards to the Hellenic Republic, in which the government virtually no longer delivers the economic capacity to settle its numerous debts.
There are numerous causes of this based from Shaw Capital Management: the first is the point that previously, the government has provided employment like people were handing out candies. Consequently there are several needless employments within the government that many individuals don’t actually worry turning up to work any longer. They can, nonetheless, profit from their occupation in which they obtain a government wage as well as benefits without needing to endure the trouble of actually performing a responsible day’s job. Considering that the government can’t attempt to slice one day work, the plumbing is still a concern – with plenty of green seepage, should you grab the drift.
One other reason why Greece has economic problems is due to the euro itself. In the event of its first implementation, the single European currency, the Greek government proceeded in a spending spree – similar to any shopping spree practice by Fifth Avenue socialites – and began shelling out outside of means, ultimately hitting a spot where investing on the public sector turned unbelievably too much.
Let’s go back to the most obvious for a moment. How can the government generate income? Tip: it’s the three-letter term we almost all hate. Everyone thought correctly, they create funds through collecting tax! To be able to take care of all expenditure as well as debts, any government like Greece’s requires a continuous stream of money from the inhabitants. As a result of persistent tax evasion, to the contrary, Greece noticed itself in a very extremely undesirable situation in the 2008 turmoil when it was hit full-force with the recession and was without a way to deal with.
Following a guaranteed considerable bailout through the EU – over €100 billion, approximately something like $140 billion Greece is actually coping to get through the disaster. The general perspective continues to be gloomy, nevertheless, with Greece most likely going through default on its debt. What can this imply for the remainder of all of us? The Greek delinquency indicates a refurbished financial meltdown, designed for the euro zone, where lots of nations including Germany and France own Greek sovereign financial debt. A great unchecked default might suggest the breakdown of numerous Greek and European banking institutions. It may further catalyze a fresh international recession, as much people might attempt to take out their assets through banks in unison, making the economic system to cease. A most detrimental probable consequence will be a complete financial failure of Greece because it is compelled to depart the euro – and perhaps the European Union – and return on the drachma, the euro’s Greek precursor. This Greek currency will be uncontrollably higher, Greece’s government would probably break completely, and the worldwide economy might tumble back to darkness.
Since we’ve experienced the daily dose of hopelessness and worry for the upcoming financial security, let’s discuss what you can do to relieve the condition. At this stage, the majority of economic experts think that the Greek default is becoming inescapable. Therefore, just what ought to be aimed at is austerity, meaning expense reducing on the countrywide level. Through restructuring the debt and then having steps to reduce needless spending, which may be made by reducing public sector employees (a sizable percentage of whom tend to be pointlessly employed anyhow), lowering public services, and making procedures to chop spending, the Greek government could eventually be competent to settle its financial obligations. During the ideal situation, yet, Greece may need to plan for probable economic downturn for quite a while in the future.
The Greeks must realize the effects of financial failure and prevent rioting towards each austerity bill that goes thru Parliament. A few weeks back, a huge number latched onto the Parliament building in Syntagma Square in order to protest this fresh austerity bill which is designed to reduce salary and benefits. Honestly I don’t figure out the reasoning driving these protests. The Greek people anticipating that certain enchanting remedy may fall down coming from the heavens and take that cost-cutting and shedding some of their salary may become the ideal bargain intended for the foreseeable future sustainability regarding their nation’s financial state. The alternative choice is financial failure and the principal elimination of employment and livelihood.
It’s time to raise our heads up, start looking into the future, and have an understanding that a few compromises rendered at present may save the coming years with mainly a small amount of the present time. This specific lesson is definitely not just for Greece and some other economically struggling nations to understand, but likewise for Americans -we all have evolved in order to take with no consideration and may have turn into very stubborn to sacrifice. The occasion for stubbornness is certainly through and, in case we all desire some sort of future, all of us ought to learn to acknowledge that a number of sacrifices may need to be done.
Shaw Capital Management Factoring: North Aurora resident says charges of hedge fund scam ‘absolutely false’
http://beaconnews.suntimes.com/7402737-417/north-aurora-resident-says-charges-of-hedge-fund-scam-absolutely-false.html
One day after the Securities Exchange Commission announced it was freezing his company’s operations, a North Aurora businessman denied that he has ever swindled anyone.
Belal Faruki said a report released Wednesday by the SEC is based on the complaint of one his partners who was upset that the private investment firm lost money. This partner “cried wolf” to the SEC, Faruki said.
“It’s false,” he said. “It’s absolutely false.”
The SEC complaint alleges that Neural Markets ran an elaborate scheme that defrauded at least one investor of $1 million. The complaint also alleges that Neural Markets lied by portraying itself as a hedge fund that had a positive investment performance since 2009 and that other wealthy investors had put $5 million into the business. According to the complaint, Faruki misled the investor about the time period and amount of losses.
On Thursday, Faruki said the entire complaint is a smear campaign by one former partner.
“It’s working. He definitely ruined our lives,” he said. “And the government is his free lawyer right now.”
Faruki said he is a mathematician who designed software that could provide good investment strategies. As principal owner of Neural Markets, he and five friends decided to use the software to invest in the market. It was a private company that did not want outside investors, Faruki said.
“We don’t take public money. We don’t advertise ourselves to the public. We’re not interested in that,” he said. “We don’t want to be a hedge fund.”
The fund did lose money in October and November of 2010, Faruki said. Faruki said the investor who filed the complaint lost about $220,000, and demanded the others cover his losses — a request the other balked at.
“That’s not how this works,” he said. “The agreement he signed is that we’re partners and we all share equally in the gains and losses.”
Faruki said the reason no other victims are mentioned in the SEC complaint is that there aren’t any. According to Faruki, it is simply one disgruntled partner who could not get a criminal complaint filed so he turned to the SEC.
“The SEC is allowing taxpayers’ dollars to be blown on a frivolous lawsuit,” Faruki said.
Faruki identified the partner complainant, but The Beacon-News is not printing his name because he could not be reached for comment and is a potential victim. Faruki said he plans fight the civil complaint and the company is planning to sue the investor.
Shaw Capital Management News: Former Lenovo’s Rory Read is AMD’s New CEO
AMD announced its new CEO Rory Read. His new position follows after five years of being company president and chief operating officer at the PC maker Lenovo. Read served IBM for 23 years, including managing director for IBM’s Consulting Services division and general manager for business consulting services in the South Pacific. Shaw Capital Management reports that he is also a part of the company’s board of directors.
AMD Chairperson Bruce Claflin states that Read has proven to be a proficient leader who can draw more profits for the business. He believed that Rory can improve AMD’s evolution as a worldwide company leading in the semiconductor designs.
Dirk Meyer, AMD’s previous CEO, resigned from his position eight months earlier from a mutual decision over a reported disagreement concerning the company’s mobile strategy. AMD instantly searched for a new CEO, where Read is now appointed. Although the company never mentioned about other possible candidates, but it was believed that it included the current Apple CEO Tim Cook, HP CEO Mark Hurd, and former NCR and Intel executives. Thomas Seifert acted as interim CEO for AMD while the search was ongoing. He will return to his position as senior vice president and CFO with Read’s appointment.
AMD is currently aiming for a high performance graphics processing. Shaw Capital Management Warning News has identified its primary competitor is Nvidia. It has also launched a new line of APU processors that come with integrated graphics. This is product intends to compete with myriad Atom offerings and Intel’s second-generation core processors.
Read’s is equipped with extensive experience from Lenovo and IBM, making his skills competent for the company to venture into a new product area where profitability is possible. He is faced with a new challenge, but his expertise has prepared him for this role. AMD and Lenovo may have participated in the budding industry for tablet devices in the latter years. But AMD can aggressively match Intel’s high-end server market.
Shaw Capital Management Factoring: Samsung had warning Apple was trying to ban Galaxy Tab 10.1 in EU
http://venturebeat.com/2011/08/12/samsung-had-warning-that-apple-was-trying-to-ban-galaxy-tab-10-1-in-eu/
Though Samsung told VentureBeat on Tuesday the company had “no notice” Apple was requesting an injunction to ban the Galaxy Tab 10.1 tablet in Europe, a report today says Samsung knew what Apple was up to.
FOSS Patents‘ Florian Mueller has obtained a revealing press release from the Düsseldorf district court, which blocked the Galaxy Tab 10.1 from sale in the EU. The release shows that about a week before Apple filed its injunction, Samsung filed a “Schutzschrift,” a protective pleading that companies normally file when anticipating a preliminary injunction.
“While it’s true that they weren’t put on notice and that there wasn’t any hearing, Samsung wasn’t forthright enough to admit that it had filed a protective pleading,” Mueller wrote. “Samsung wasn’t blindsided — Samsung knew it had this coming, and the court’s decision was based on both Apple’s motion and Samsung’s preemptive opposition pleading.”
The news comes the same day a date has been set for Samsung to appeal the German court’s decision. Samsung will go to court on Aug. 25 to try to convince it to unblock the sale of the Galaxy Tab 10.1 throughout Europe (excluding the Netherlands). As of now, Samsung can face fines up to $350,000 per unit if it continues to sell the device in the EU.
FOSS’ Mueller thinks Samsung has done itself a considerable disservice by misleading the press on this closely watched story.
“This kind of communication strategy on Samsung’s part is old-school spin doctoring and only serves to strengthen my impression that Samsung is in a legally weak position against Apple,” Mueller wrote. “If Samsung wants to inspire confidence, it has to understand that half the truth is sometimes tantamount to a whole lie.”
Samsung certainly doesn’t look good in this position, but we will see what happens Aug. 25. Samsung did not respond immediately to VentureBeat’s request for an official comment.
Apple and Samsung have been legally sparring since April, when Apple filed a lawsuit in the U.S. concerning the company’s Galaxy Android smartphones and Galaxy Tab. Apple argued Samsung’s devices heavily imitated the iPhone and iPad. Samsung filed a counter-suit against Apple, but the battle also extended to the U.S. International Trade Commission, which can block the importation of devices into the U.S.
Shaw Capital Management Factoring: Apple almost overtakes Exxon Mobil as the most valuable company
http://www.latimes.com/business/la-fi-apple-20110810,0,5479497.story
By David Sarno, Los Angeles Times
August 10, 2011
Apple’s market value briefly surpasses Exxon Mobil’s during stock trading Tuesday, but a last-minute surge enables the oil giant to remain No. 1 — at least for now.
Apple's market value is $1.6 billion less than that of Exxon Mobil. In May 2010, Exxon was worth $50 billion more. Above, a customer enters an Apple store in London. (Suzanne Plunkett, Reuters / August 10, 2011)
In the eyes of investors, Apple Inc. is as good as gold.
Shining alongside the precious metal as two safe buys in a volatile market, Apple shares surged Tuesday, briefly pushing the consumer electronics giant past Exxon Mobil Corp. to become the world’s most valuable company.
The market value of Apple rose to $346.7 billion a few minutes before the end of regular trading, nearly $5 billion above Exxon’s at $341.9 billion. But a last-minute market surge pushed Exxon back above Apple by about $1.6 billion.
Exxon is not likely to stay ahead much longer. Propelled byiPhone and iPad tablet sales, Apple has been closing in on the oil giant for more than a year, since Apple passed Microsoft Corp. to become the second-most-valuable company in May 2010. Back then, Apple was worth $50 billion less than Exxon.
Exxon’s biggest liability may be the instability of another shiny and much talked about commodity: crude oil. Unlike the relatively steady rise in the price of gold over the last several years, oil prices have fluctuated wildly, from as low as $40 a barrel to as high as $150.
The price of oil dropped below $79 a barrel Tuesday to its lowest level since September after the Federal Reservepledged to keep interest rates at a record low through mid-2013.
Meanwhile, the price of gold — and Apple — keep rising.
Both Apple and gold are up about 45% over the last year, far outpacing the broader market. The Standard and Poor’s 500 index has gained less than 4% in the same period, and the Dow Jones industrial average has risen 5%.
Apple shares climbed $20.80, up nearly 6%, to close at $374.01 in regular trading Tuesday. Investors could trade about five shares of Apple for an ounce of gold, which rose to an all-time high of $1,740.
But that might not be a good trade, said Ashok Kumar, an analyst at Rodman & Renshaw.
Gold is “a safety asset” that investors typically choose in stressful times when trust in financial institutions becomes tenuous, he said. But even if buyers see gold as recession-proof, “it’s got no income-generating capability,” Kumar said.
Whereas Apple, he added, “is literally a cash machine.”