Great news for VTSS shareholders;
Vitesse Semiconductor. founder Louis Tomasetta and Eugene Hovanec were sentenced in Manhattan federal court to three months of probation. Prosecutors had accused Tomasetta and Hovanec of inflating company earnings and backdating stock options. The defendants each faced up to five years in prison. But in a rare move, prosecutors recommended probation, citing "uniquefactual circumstances."They admitted in August that they conspired to destroy or falsify records related to Vitesse's April and October 2001 stock option grants.
Tomasetta and Hovanec admitted that in 2006, they and athird executive, Yatin Mody, had fabricated minutes for twomeetings in 2001 of Vitesse's compensation committee. Mody, a former chief financial officer, and Nicole Kaplan, aformer director of accounting, pleaded guilty to fraud in 2010 and cooperated with prosecutors. Sentencings are scheduled forJan. 8 for Kaplan and Jan. 9 for Mody.
In September, Tomasetta agreed to pay $100,000 and Hovanec$50,000 in civil fines in settlements with the U.S. Securitiesand Exchange Commission. Vitesse settled with theSEC for $3 million in 2010.
Wow! Between the 2 of these crooks they walked away with 10s of millions of dollars. Small shareholders got screwed by these two and many lost savings and got hurt financially. Unbelieveable what the rich are getting away with in this country. It's too embarassing to be an American right now. The middle class is being crushed out of existence, the ranks of the poor grow everyday, wealth inequality is at its greatest in history. The government is dysfunctional because politicians only care about their special interests and it's only going to get worse. And don't tell me it's Obama's fault. I'm tired of that excuse. All of them are at fault. Hope Lou enjoys that 20 million dollar home he built in Ojai. It will be his prison.
Meanwhile a person walking down the street can be pushed against the wall frisked jailed and held with out charges indefinitely for no reason..... USA we use to be a great nation.
LastPass, computer security firm has uncovered data it says belongs to some 152 million Adobe Systems user accounts stolen from its data center, suggesting that a breach reported a month ago is far bigger than Adobe has so far disclosed and is one of the largest on record.
LastPass has found email addresses, encrypted passwords and password hints stored in clear text from Adobe user accounts on an underground website frequented by cyber criminals.
Adobe is continuing to work with law enforcement and outside investigators to determine the cost and scope of the breach, which resulted in the theft of customer data as well as source code to several software titles.
Adobe has notified some 38 million active Adobe ID users and holders of inactive accounts
The TV market is mostly saturated while smartphones and tablets have eroded demand for computer, laptops, digital cameras, camcorders and game players.
Sony does not have much of a choice 2 years ago, last year, and now. Sony does not need changes but bold moves and transformation and desperately need execution before it is too late.
Products are future. Stop follow and create your own future. SNE leaders must lives and breathes a vision. For vision to become reality, great leaders anticipate. To anticipate is to be grounded in today’s reality, and look beyond the horizon to envision what is there.
Cut cost and consolidate the products offers.
Sell or spin-off divisions with new management. Better survival rate than dying in vein under Sony.
Restructure from the top: no more lawyer, sales, or bean counters to run company. Willing to take calculated risks. The most sinful action at SNE is not taking risks.
Don't look back with all the glory keep your eyes ahead the as slaughters continue within the next 3-16 months. There is margin pressure as the market is flooded with competition and choices. SNE management is too busy to see what about to hit them hard.
There are solutions to every problems. If you are going through Hell, keeps going, stay focus, and execution.
Few more hard hits and the Giant will be falling on its own weight.
Upgrade Microsoft Service Pack and others taking too long and too many process on my old Dell AMD Inspiron laptop.
I am using Linux Mint and very happy with its performance. Why my Windows laptop are slowing with time?
Watching movies and other works are awesome on Ubuntu. I will try on other devices. Learning curve is very simple and there are many thing you can do. I returned the new Sony laptop with Intel and MS Windows 8.
No junks. No Blue screen. No expensive Microsoft Windows 8. No need for touchscreen. Nice clean interfaces. With all these money, I can get new AMD computer to last for a very long time.
AMD processor system with nice video performance, 8 Gb memory, SSD and 1 Tb hard drive, 24 HDTV with HDMI, WLAN, Ethernet, many USB 3/2 ports in motherboard, new case, new power supply, along with new keyboard and mouse and still cheaper than Intel. More good enough for my kids to play games.
Sentiment: Strong Buy
I just installed a latest Ubuntu 13.1 and its applications over weekend as part of a new home project to replacing aging HP Wintel computer. My first Linux based computer on powerful AMD processor with friendly budget.
To show the progression and how it’s being built from start to finish is pretty exciting in a lifetime.
Simply amazing. Even the quietest of computer can make a loud-and-clear design statement, as these applications prove. Housed in architecturally ambitious structures, Ubuntu 13 Linux and AMD system are best system that celebrate human achievement with awesome environments.
Where was I during the past 5 years? Once you test out the new Ubuntu or Mint, you will not want to go back to Intel and Microsoft Windows again. Highly recommended. Don't be afraid to take first step and get out of your comfortable environment.
That is when everything changed..
Also learn that Dell and HP making a terrible low quality computers at high price. The DVI bulky cable alone is expensive at $30. With overall saving, I finally get myself a new 24' monitor with HDMI connector.
Disclosure: By nature, I was very much hand-on with command line interface but I did not like Unix from the beginning after my first impression 20 years ago.
Like Best Buy, Dell is a speculative investment and worse than gamble. Do not expect to benefit from privatization deal. Leave Dell to big players and protect your small investments. Use your money wisely.
Dell needs a brand new management and Board of Directors. Then new middle management. Until then, nothing will change but "do not catch a falling knife."
Wells Fargo believes Aruba Networks' long-term growth opportunity remains attractive and keeps an Outperform rating on the stock after the company said its Q3 sales will miss expectations. Wells lowered its price target range for shares to $20-$22 from $27-$30.
Microsoft Windows Phone 8 is nothing but trashy OS. If customers do not use it, sue them. The Untouchable has something to leverage: mighty legal lawyers to pave the waves for class action lawsuits. Settle now or paying more later. ZTE paying Microsoft royalty to use Google's software? It is not April's fool. China's ZTE has agreed to pay Microsoft a royalty for devices it makes using Google Inc's Android and Chrome operating systems. ZTE is the latest in a line of hardware manufacturers that have struck a patent deal with Microsoft, which has successfully argued that Android - which Google provides free to handset makers - uses Microsoft-owned technology.
Google itself, and its Motorola phone maker unit, are the most notable holdouts against a patent agreement with Microsoft. Those differences could be settled soon, depending on the judge's verdict in a patent trial in Seattle. Reaching agreement with ZTE means Microsoft now has patent deals in place with four of the five leading Android phone makers.
Microsoft already has agreements with South Korea's Samsung Electronics Co Ltd and LG Corp, and with Taiwan's HTC. The ZTE deal marks progress for Microsoft with companies operating in China, following last week's patent agreement with contract manufacturer Hon Hai Precision Industry Co Ltd, parent of Foxconn.
Microsoft said it now has Android patent deals with about 20 device makers, and 60 percent of Android phones sold worldwide are covered by a Microsoft patent license. Microsoft really has become a snarling, vicious Behemoth trying to eat up the whole world!Microsoft management is a disgrace to America and Steve Ballmer is certifiably insane.
Watch out below...I told you so. Quick fixes will never work at Brocade. The worst has yet to come and every decisions come with consequences (may be later.) The past has finally catch up with Brocade's investors in 2013.
Protect your investment and leave the rest to big institution players. Benefits from it and get out.
Sentiment: Strong Sell
Last chance for small investors to cash out. Time to move on before it is too late. Stock maninpulation and speculative are dangerous games for all of us, except Office Depot and Office Max's major shareholders and its management.
"Forgive. Never forget their names." John F. Kennedy
Sentiment: Strong Sell
Bail out Office Depot to protect your little investment. Leave the merger to big players.
Sentiment: Strong Sell
OfficeMax, Best Buy, Office Depot are tale of two losers by the hands of its management and cronies.
Sentiment: Strong Sell
Office Depot facing a slow death with no way out. The merger with OfficeMax will accelerate its final chapter. If you want to make money, perfect time to "SHORT" Office Depot for short run. Do not become greedy.
Office Depot will go under after the merger, layoff employees, and close stores. Office Depot' stocks will be delist.
Your losses are the others' gains. Make sure it is not you. Leave ODP to professional financial genius.
Sentiment: Strong Sell
Small investors should seriously reconsider to dump their shares in Office Depot and Office Max as soon as possible. Leave them to big guys.
Sentiment: Strong Sell
Office Depot Inc will acquire smaller rival OfficeMax Inc in a $1.2 billion all-stock deal. The combined entity's name, headquarters and CEO are all undetermined, an unusual level of unresolved detail that points to the integration challenge the companies face. Office Depot will bleeding to death and blame their crisis from the premature release.
Office Depot insisted the deal was a merger of equals and not an acquisition, although its shareholders would get the larger part of the combined company. OfficeMax's largest shareholders, Neuberger Berman, and CEO Ravi Saligram are both candidates for the top job and laughing all the ways to the banks. Time to cash out.
Office Depot executives said their shareholders would own 51 percent of the combined entity, and OfficeMax shareholders would own 44 percent. Office Depot preferred shareholder BC Partners would own 5 percent, assuming it follows through on a potential plan to convert some of its preferred stock to common shares.
One of the firm's key demands was that OfficeMax pay out a special dividend to shareholders. Under the terms, OfficeMax would be able to pay cash dividends of up to $1.50 per share before the deal closed.
J.P. Morgan was financial adviser to OfficeMax, and Skadden, Arps, Slate, Meagher & Flom LLP and Dechert LLP were legal advisers. Peter J. Solomon Co and Morgan Stanley were financial advisers to Office Depot's board. Simpson Thacher & Bartlett LLP was legal adviser to Office Depot, and Kirkland & Ellis was legal adviser to its board. Perella Weinberg Partners also acted as financial advisers to the transaction committee of Office Depot's board.
Intel have to realize that in the current economic climate, people don't have $1000's to splash on a laptop, and companies are not accepting anywhere near the amount of applications they used too for these high end products. So what are we left with? mainstream and entry level.
Many have 1000 dollars to spend on a laptop. But no one wants to pay for #$%$. Thats why Apple have a 90%+ market share on computers over 1000 dollars. Customers are willing to pay Apple above $1000 computers for few simple reason: iOS, nice laptop design, many cool applications, long battery life, slim, etc. and less much relevant about CPU inside. It is very easy for Apple to switch to ARM based laptops and computers when the right time comes.
Therefore, Ultrabook sales will be terrible as netbooks until Intel and its OEM figures out how to improve sales. There is one common problem with intelligent people: if you do not learn your past mistakes, most likley Intel will do it again.
AMD has been cursed. AMD is a great company and has finally made a wise strategic moves with huge progress to survive.
Wait until ARM unleashes their computers and servers to mass market. In just 1 month we will have 8 core ARM phones (Samsung Galaxy S4) In 2 days ARM license more cores then AMD produce in a year. In under 2 weeks more cores then Intel sells in a year. ARM license more cores per year then Intel have sold in its lifetime Intel needs to have the next genertion CPU and platform with clean designs.
Intel is a great company and time for change before it is too late. Until then, stock is going nowhere but down or at the current level at best. You cannot fix problems the ways you invented.
Sentiment: Strong Sell