It's a truth that many open-minded observers have known for awhile now: Apple rules the roost in the portable media player market, and everyone else is just trying to keep up. Sorry, but it's true. So true, in fact, that SanDisk's own CEO has finally come forward to admit it, recently stating in a Fortune interview that "you can't out-iPod the iPod." And believe us, such a statement probably wasn't easy for Mr. Eli Harari to make. Remember, this is the same fellow that spent boatloads of dough on an "iDon't" anti-iPod campaign back in 2006. 'Course, SanDisk is still a (very distant) second place in the sector, and its flash memory is used in all manners of PMP devices. Still, it's a huge relief to finally hear the mastermind behind slotMusic confess that he doesn't actually believe such gimmicks will put it on a fast track to first place. Then again, crazier things have happened.

[Image courtesy of dnorton]

As General Motors finally caved this morning, waved the white flag and filed for bankruptcy, those following electric cars immediately wondered what this all would mean for the long-awaited Volt. For years now, GM has steadfastly affirmed that it was moving forward with production regardless of what else was going on within the company and the economy at large. According to Technology Review, a GM spokesperson confirmed again this morning that "the filing will have no impact on the company's plans to start selling the Volt at the end of next year." That said, we have to wonder how much such a statement really means; reports have stated that the US government may up holding as much as 60 percent of the company, and if the primary goal is to bring the outfit back to profitability as soon as possible, Obama and Company may not feel that pouring even more into the high-priced Volt is a good idea. In related news, we hear Tesla is still taking orders...

Update: GM has pushed out an official statement that (in a few words) also suggests that the Volt is still on track.

After shelling out some $6.5 million, you had to know that Systemax planned on doing something with Circuit City's trademarks and internet domain names. As of today, CircuitCity.com is back and better than ever, carrying on the legacy of a name that became synonymous with overpriced consumer electronics for nearly six decades. Of course, this doesn't mean that any Circuit City retail stores will be re-opening, but at least the brand is living on in the world wide web. The wonders of the internet: I Can Has Cheezburger?, Twitter and the continuation of an icon that would otherwise be six feet underground.

[Thanks to everyone who sent this in]

As you know, Rackable Systems was originally hoping to acquire the one-time king of the 3D set for $25 million (with some speculating that even that was a bit much), but it looks like the bankruptcy judges had other plans. Now that the dust has settled (and a check has been cut for almost twice the original asking price) it looks like the two companies will finally merge, forming an outfit called... SGI. The newly minted Silicon Graphics International hopes to combine the strong server business of Rackable with the original Silicon Graphics Inc. name (and overseas service contracts), inspiring the same sort of technological alchemy that once brought the iconic brand to the silver screen by way of such fine cinematic fare as First Kid. In addition, SGI plans continued development and support for the existing Silicon Graphics and Rackable product lines. Quite frankly, we really don't care what they do, as long as they bring back the Indigo -- back in the day we would have killed for one of those bad boys.

Hmm, now isn't this interesting? Just months after Liberty Media reached out at the eleventh hour and rescued Sirius XM from imminent bankruptcy, it's now spinning off its entertainment division (Liberty Entertainment) and combining it with DirecTV (which Liberty already controls). We're told that the new Liberty Entertainment will hold 54 percent of DirecTV Group shares and 65 percent interest in the Game Show Network, not to mention three regional sports networks and a few other things not worth mentioning. The move is being made as the "John Malone-controlled vehicle looks to simplify its capital structure," and if all goes well, the paperwork should be completed by the end of the year. Oh, and so far as we can tell, DirecTV consumers won't even notice the shuffling going on behind the scenes.

With proven success stories like Tesla struggling to keep those electric car dreams alive in today's economy, it's no shock to hear that at least one little guy (that'd be Phoenix Motorcars) has caved to the pressures. After reviving itself once already late last year by nailing down a partnership with the absolutely stunning state of Hawai'i, it seems the company hasn't been able to progress as planned with its intentions to bring EVs and an electric vehicle infrastructure to the island of Maui. According to a filing on April 27th, the flagging automaker has pegged the soft economy (surprise!) as well as a $5.3 million arbitration apparently won by former drivetrain supplier UQM as the main contributors to its demise. In an update to the situation, however, its CEO has replied to AutoblogGreen in order to reaffirm that it "has not abandoned the alternative fuels transportation space." Unfortunately, that could mean absolutely anything... or nothing at all.

Read - Original filing
Read - Update from Phoenix MC

It was inevitable, really -- but the incessant demand for Intel's woefully underpowered Atom processors sure did last a lot longer than we anticipated. Originally made famous by those so-called "netbooks," the Atom is currently facing two hurdles in remaining wildly popular: 1) slumping demand for new PCs and 2) bona fide competition. For months on end, the Atom really was the only game in town when it came to powering netbooks and nettops, but with the unveiling on NVIDIA's Ion, the promise of a GPGPU (or cGPU) and Intel's own CULV platform, Atom's necessity in the market is becoming less intense. The interesting part here is that Intel is purportedly hawking its inventory to "second-tier and China-based vendors" as it looks to minimize warehouse clutter, which certainly makes us hope for lower-cost low-cost lappies to show up in the near future.

Read - Atom demand slowing
Read - Intel: PC sales hit rock bottom

Hot on the heels of Apple announcing it's officially ripping this recession a new one and making more money than ever (hooray!), Samsung has released its financials for the first quarter and things are a little more, erm, glum. (Boo?) The company has at least partially recovered from its first ever loss in the fourth quarter of last year, making a tidy $459 million so far in 2009. That's the good news. The bad news, however, is that $459 million is 72 percent less than the company pocketed in the same quarter in 2008. But, profit is profit, and a 36 percent increase in revenue from the company's cellphone division is also promising -- especially given Nokia's recent bad news. Must be thanks to all those Omnia fanboys and girls.

In a not totally surprising -- yet still kind of striking -- turn of events, Microsoft is reporting that its sales have fallen for the first time in 23 years. You read that right, 23 years. According to numbers that the company has just released, sales fell 6 percent year-over-year, while overall net income dropped a staggering 32 percent. Those numbers are significant, but what's more telling is where those losses are coming from. Namely? Netbooks. Apparently, in the midst of a global downturn consumers really are buying cheaper, especially when it comes to tech, which puts a fairly significant crunch on Redmond's bottom line. A CNN reports suggests that the presence of Linux on those devices has contributed to the hurt here, but it's more likely that the combo of a market still unwelcoming to Vista and the wide popularity of XP on the low-power systems has more to do with these dipping profit margins. Oh, and that general, awful market depression. Still, it should serve as some kind of wake up call to Microsoft that just being the biggest doesn't guarantee that the money will keep rolling in the way it has in years past -- clearly the big picture isn't as sharp as it's always been. Hey Windows 7 -- no pressure, right?

Update: We've tweaked some language in the post that made the situation sound more dire than intended. Don't worry everyone, we know Microsoft isn't going anywhere.

[Via CNN]

We already heard that the Big N managed to lighten its DSi inventory by 300,000 during the handheld's first full weekend in America, and apparently another 135,000 procrastinators swooped in to grab one as the week finished up. Potentially more amazing, however, is the overall impact of Nintendo in the month of March. Last month, Nintendo systems accounted for just south of 60 percent (58.4 percent, if you must know) of all video game hardware sold in America. And yeah, that's even despite a shocking 17 percent drop in Wii sales during the same 30 day window. Have we mentioned lately that things seem to be going quite well in the Mushroom Kingdom? 'Cause they definitely do.

[Via Joystiq]

So, there's good news and bad news here, and we're opting to go against tradition by dishing out the positive first. Nokia just pushed out its Q1 2009 results, and while many firms have been struggling to stay afloat, at least it managed to turn a profit of €122 million ($160 million). That said, it's still looking at a staggering 90 percent drop in profits compared to its first quarter of 2008, where it raked in a mind-boggling €1.222 billion ($1.6 billion). Not surprisingly, sales were also down 27 percent to €9.28 billion ($12.2 billion) from €12.7 billion ($16.7 billion). Of course, Nokia's far from being alone in having to showcase less-than-beautiful Q1 numbers, but in reality, the damage could've been much worse; in fact, shares of the company's stock inched up by 8 percent following the reveal, as many had feared an even more significant decline. All in all, Nokia's still holding strong to a 37 percent market share worldwide, and if CEO Olli-Pekka Kallasvuo has anything to do with it (hint: he does), things should be on the up and up here soon.

[Via BBC]

Who woulda thunk it? A global recession leads to belt tightening, and belt tightening leads to fewer mobile data card sales. According to a new report from ComScore, that's exactly what happened at the tail end of last year, where WWAN card growth slowed to just 5 percent compared to 28 percent in Q4 2007. Still, carriers can't grumble too loudly -- after all, at least it grew. In fact, PC data card adoption rose 63 percent overall in 2008, and if any of these 4G services can see rollouts of significance, we suspect 2009 will show equally positive numbers. The reality is that mobile data is still priced far too high for the average Joe or Jane to stomach; most mobile broadband plans run upwards of $50 per month and require a two-year contract to get a free or cheap card, and unless one is planning to be on the road an awful lot, buying in just doesn't make sense when times are tough. In other words, cut us a break on these mobile data rates, operators -- it's what Uncle Sam would want.

[Via mocoNews]

Just like it did in January of last year, Systemax is snapping up leftovers from a now-defunct national consumer electronics retailer. As part of the post-bankruptcy proceedings, Circuit City Stores Incorporated recently closed a deal that'll net it $6.5 million. The price for the coinage? Systemax taking control of its trademarks and internet domain names. Circuit City stated in the filing that the sale of its intellectual property and internet assets would bring "significant recovery for the sellers' estates and creditors," and we're also told that Circuit City would be able to snag an unspecified share of sales from the brand name. Look out, Best Buy -- we hear Systemax has eyes for you, too.

[Thanks, Sid]

Man, the difference a few years decades makes. In the 90s, Silicon Graphics helped create silver screen mega-hits like Jurassic Park and Terminator 2, and in 1997, its fiscal year sales totaled $3.66 billion. Today, the company's mired in its second bankruptcy, which has occurred just three years after the first. In order to just terminate the dream before it gets any more nightmarish, SGI has announced plans to sell itself to Fremont-based Rackable Systems for a mere $25 million -- and some analysts are even concerned that the suitor here could be sinking its teeth into a sour deal. The agreement still has to be approved by a bankruptcy judge, and of course, there's still a few more inches of red tape to cut through, but we'll be sure to let you know when the fantasy ends and the wake begins.