As expected, Olympus has confirmed that it'll be reducing its workforce by 7 percent, as the company tries to regain its footing in the wake of its crippling scandal.
According to Olympus, the company will cut 2,700 employees from its global workforce between now and March 31, 2014. The move is part of a broader restructuring that could see major changes across the company's subsidiaries, global production sites, and other divisions.
The cuts Olympus plans to make are actually a bit deeper than expected. Last week, Japanese news outlet Nikkei Business Daily reported that the company would cut approximately 2,500 jobs from its payroll. … Read more
Today is the day when IPv6 is permanently enabled by home-networking equipment manufacturers and Web companies around the world. So what do you do to get ready?
First of all, there's really nothing you have to do right away. The transition to IPv6 will be a slow process, and in the meantime IPv4 devices will still work. In fact, there are IPv4-to-IPv6 transition protocols, known as "dual-stack" protocols, that make it possible to wrap IPv6 addresses within IPv4 packets to help legacy devices work during the transition. In the long term, it's better to make sure your network devices support IPv6 natively. Some of them can be upgraded to support IPv6 via firmware, but others you might have to replace with new devices.
Speaking of new devices, the most important networking device for your home or small office network is the router. The broadband modem is important, too, but most likely it's the responsibility of the service provider to upgrade that.
Following is the list of top 5 wireless routers that are IPv6-ready.… Read more
Microsoft dropped some hints today that the commercial release of Windows 8 could come sooner rather than later, but critics are worried that it's not very business friendly.
Announcing the Windows 8 Release Preview, Microsoft's Steven Sinofsky wrote today in the Building Windows 8 blog that the final version is, at the very least, on track.
"If the feedback and telemetry on Windows 8 and Windows RT match our expectations, then we will enter the final phases of the RTM (release to manufacturing) process in about 2 months," Sinofsky wrote. (Windows RT refers to the version … Read more
Although Facebook's initial public offering hurt investors and the social network's share price, there appears to be another victim of its troubles.
The Wall Street Journal is reporting today, citing sources, that online travel site Kayak decided against holding its "roadshow" with would-be investors around Memorial Day as planned, due to issues with Facebook's IPO. The Journal's sources say that Kayak is trying to determine the willingness in the investment world to drop cash into another Internet IPO.
If investors are concerned, it wouldn't be such a bad idea. Over the last year, … Read more
As more details emerge on the behind-the-scenes events surrounding Facebook's initial public offering, the more upsetting the revelations might become to individual investors.
Just before Facebook went public, a large investment firm named Capital Research & Management indicated to the social network's underwriters that it wanted to take a significant investment in the company. However, according to the Wall Street Journal, citing sources, Capital Research was warned by one of Facebook's underwriters about the social network's declining revenue forecast, leading the investment firm to buy far fewer shares than initially anticipated. Some of the firm's … Read more
Centzy, an online search tool, hopes to get consumers the biggest bang for their buck at local businesses.
The tool, launched at today's TechCrunch Disrupt in New York, gives users a comparison of businesses based on prices, reviews, store hours, and proximity to a user's work or home.
"Ever have the nagging feeling that you're getting ripped-off on your dry-cleaning or oil change?," the company's press release says. "Know instantly with Centzy, the only one-click tool for comparing prices of local businesses you already use."
According to the release, fewer than 10 … Read more
Google's $12.5 billion acquisition of Motorola Mobility will finally close by Wednesday.
Motorola Mobility announced in a Form-8K filed today with the Securities and Exchange Commission that now that the Bureau of the Ministry of the Commerce of China has cleared Google's acquisition, the companies will finalize the transaction "within two business days."
China announced on Saturday that it had approved the acquisition, making it the last major regulator to give the deal the green light. Both the U.S. Justice Department and European Union regulators approved the acquisition in February.
Last update: 1:37 p.m. PT.
The world's largest social network is now a public company, and though it got off to a good start, the share price story for the day wasn't terribly inspiring.
Facebook today kicked off its IPO day at $38 a share, and in early trading, the company's stock jumped 12 percent to $42.50, and touched a high of $43.20.
But the shares took a startling plunge soon thereafter back to about the starting price before trending upward once again to just over $41 by early afternoon Eastern time. The … Read more
Nokia has been on a cash-spending tear as of late, and most analysts believe there will be no way for the company to stop it.
Reuters today released the results of a poll it conducted with analysts on their thoughts related to Nokia's cash spending. According to the news service, analysts on average believe that Nokia will cut through 2 billion euros ($2.5 billion) in the next three quarters to keep its operation going. If Nokia does so, it would mean that its cash-spending rate would be accelerating: during the last five quarters, it burned through 2.1 … Read more