Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Tuesday, March 26, 2013

Hon Hai shows record profits, keeps making money from making iPhones



Hon Hai Precision, also known as Foxconn Technology, has reported its earnings for the year and notched a net income of $3.2 billion according to the Financial Times. Most familiar as the manufacturing muscle behind Apple's iPhones, iPads and the like, the Taiwan-based manufacturer beat analyst predictions on high margins for those products. Its subsidiary, Foxconn International Holdings, is the world's largest cellphone maker and produces devices for companies including Nokia and Motorola, but suffered a net loss of $316.4 million. As a result, some are concerned about Foxconn's heavy reliance on Apple as a customer going forward.Still, the company is reportedly continuing a plan to increase vertical integration, by manufacturing the parts for devices and not just putting them together -- we'll see if anyone notices changes in the final product anytime soon.


Source: FT, BBC, Bloomberg

Monday, February 18, 2013

Insert Coin: HeatMeter wants to save your money and the planet (video)

DNP Insert Coin HeatMeter wants to monitor your hearing, save your money and the planet video


Back in 2011, MIT discovered that the Fisker Karma's batteries only lost 10 percent of their battery life after 1,500 charges. Admittedly, the study didn't examine the EV's reliability, nor its tendency to spontaneously combust, but the MIT researchers did learn plenty about energy conservation in the process. Fast-forward to now, and YShape, a start-up spun off from that original research, is taking to Kickstarter to fund HeatMeter, a sensor that's designed to measure the efficiency of fuel-based boilers.


While electricity usage meters are ten-a-penny, it isn't so easy to find equivalents for gas, propane or oil-powered units. By measuring the vibrations in its casing, HeatMeter can tell you exactly how much energy has been used. Combine that data with your home size and average bill cost, and it'll work out what you're spending and how to use less. YShape, led by Radu Gogoana, needs $60,000 for the initial production run -- and will offer you a discounted unit if you kick in $129 -- or lifetime upgrades and support if you make it $149. Not convinced? Head on past the break for the video pitch.



Previous Project Update: Securifi's Almond+ Touchscreen WiFi router smashed its original $250,000 target, and is now well beyond the $500,000 mark. With 18 days left to go, maybe this is another project destined to join the Million-dollar Kickstarter club.


Source: Kickstarter

Friday, February 1, 2013

Panasonic remembers how to make money, reports $667 million profit last quarter

Panasonic remembers how to make money, thanks to weaker yen and costcutting


Just as Sharp offered a slightly more hopeful glimpse at its balance sheet this morning, so too does Panasonic have something worth celebrating: a net profit of 61.4 billion yen ($667 million) in the last three months of 2012. Much of this profit stems from a weaker yen and previous cost-cutting exercises, however, rather than any surge in demand for Panny products -- in fact, underlying sales continued to slip, with cameras, TVs and Blu-ray recorders proving especially hard to shift. Nevertheless, compared to the meager $164 million Panasonic made at the start of 2012, or the ego-crushing $2.1 billion net loss it suffered in the last three months of 2011, no one in that big HQ is likely to be complaining.

when.eng("eng.perm.init")

Saturday, December 29, 2012

Site Accuses Women of Prostitution, Demands Money to Take Their Private Information Down

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Site Accuses Women of Prostitution, Demands Money to Take Their Private Information DownA site called allows anyone to anonymously upload any woman's photo and contact information, then publicly accuses them of prostitution. They demand $100 from each woman to take the listing off their site. If that's not extortion, I don't know what is.

The site lists alleged "convicted prostitutes" along with women who in theory have no criminal record whatsoever. Every entry includes the woman's photo, name and telephone number. This is so impossibly wrong at so many levels that my head is exploding in a big bang of swearing.

We tried the site submission system ourselves and, indeed, anyone can send any photo, add the name and contact information, and submit it. What's even worse: the uploader doesn't have to provide any contact information whatsoever. There's zero accountability for the dickhead who does this. This means that any butthurt douchebag may be able to defame his ex-girlfriend or ex-wife.

The owners of the site are even proud of their methods:

Currently we operate based on the efforts from motivated members of their local community who have at one point or another come into contact with a potential prostitute online and feel they can be a threat. All of our offenders have been reported by local members who feel these offenders should be taught a lesson before their actions escalate.

"Motivated members"? "Offenders should be taught a lesson before their actions escalate"? I had to read that last sentence a few times to make sure these bigots are so openly self-righteous and hypocritical. Why hypocritical? Because if the "offender" pays $100, everything is forgiven. She is not longer a "sinner" and they take her file out of the site.

The site argues that the Communications Decency Act protects their actions. This is the same law that protects any site—like Facebook, Tumblr or Gizmodo—from any legal action in case any user posts anything that may break the law or attack a third party. The difference is that, if a user of one of these sites posts anything that can be legally prosecuted, the sites will immediately take the content down and collaborate with law enforcement and the victim to get the criminal.

Site Accuses Women of Prostitution, Demands Money to Take Their Private Information Down

In the case of this site, which is designed exclusively to shame women in the name of fake puritanism, they will demand $100 from the abuse victim before taking down the file.

And the thing doesn't stop there. Here's another paragraph from their site:

We've been saying it for a long time and proving it even longer, our operations are professional, effective and one of a kind. Thanks to our brave visitors for stepping forward to tell the world what it should already know, that exposing online prostitute discourages other potential offenders from doing the very same thing.

No, you are not professional. And yes, you are one of a kind: a bunch of hypocritical assholes, scum who is basically extorting women based on nothing but anonymous accusations along with publicly shaming prostitution victims.

Seriously, I can't wait for the feds to bury these people into the ground deep and hard, whoever they are. [The Daily Dot]


View the original article here

Tuesday, December 25, 2012

Why America's Money Is the Best Money

This story will display in ...Dec 24, 2012 5:06 PM  

Why America's Money Is the Best MoneyThe next time you're tempted with jealousy over the brightly colored currency of other countries, just take one peek at how ridiculous our beloved dollar bill would be in technicolor. It looks like what the Joker plays Monopoly with.

Thank you, Redditor leroideschoux, for reminding us of that for which we should be most thankful of all: money that doesn't look dumb. [Reddit via TDW]


View the original article here

 

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