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Ofcom will force BT to legally separate from Openreach
Ofcom, the UK's communications regulator, announced today that it will force the legal separation of BT and its broadband infrastructure business Openreach after the company voluntarily failed to address "competition concerns." The action comes after the provider was told it must spin Openreach off into a separate company in a bid to "deliver better outcomes for phone and broadband users."
Sony's lucrative image sensor division is now a separate company
Sony is transforming one of its most successful businesses, image sensors, into a brand new company called Sony Semiconductor Solutions. All of its chips will be produced under the new company, but Sony said in a statement that "image sensors are a primary area of focus." The division will be carved away from Sony's devices group as part of a larger reorganization, and the rest of the group (storage and batteries) will be folded into other operations. Sony emphasized that the new company will operate "alongside existing Sony group companies," and start operating by April 1, 2016.
Ofcom invites suggestions on how to handle BT and Openreach
When Ofcom announced its new "Strategic Review of Digital Communications," the last of which forced BT to create Openreach, Sky and TalkTalk immediately came forward calling for both businesses to be broken up once and for all. Today, the regulator has published a discussion document for the review which details the different approaches now under consideration. Nothing has been left off the table, it seems -- they include keeping the current model, strengthening the controls that keep BT and Openreach's relationship in check, substantial market deregulation and, finally, complete separation.
Netflix announces a 7-for-1 stock split
We've come a long way from Qwikster. Netflix's stock price has more than doubled since last December, and with prices of shares nearing $700 today it announced plans (PDF) for a 7-for-1 stock split. The price closed today at $681, and the Board of Directors approved a plan to distribute six additional shares for each one held as of the close of business on July 2nd. In terms of how often we see something like that, this comes about a year after Apple announced its own 7-for-1 split. On a melancholy note, the split will come almost five years to the day after Blockbuster's attempt at a reverse stock split to avoid delisting fell through. Ouch.
Cyanogen and OnePlus are never ever getting back together
It's always sad when a couple that looked so good together decides to part company, but that's what's happening with OnePlus and Cyanogen. The cracks in their relationship started to show back in November, when Cyanogen backed one of OnePlus' rivals when it launched in India. After a few testy exchanges while out at parties, Cyanogen's Steve Kondik has told PC World that the partnership is now over, but no-one's holding a grudge. OnePlus co-founder Carl Pei agreed, telling the same publication that the team-up had been "mutually beneficial," but that the two companies would take different paths in the future. For its part, OnePlus is now working on its own proprietary Android skin, OxygenOS, while Cyanogen is working with Microsoft and other manufacturers to get its operating system in more places. [Image Credit: Getty]
HP officially splitting into two companies (update)
HP's home-focused and business divisions have frequently seemed at odds with each other, and apparently the company agrees. The Wall Street Journal claims that the tech giant is about to split into two companies, one focused on PCs and the other dedicated solely to corporate hardware and services. If the report is accurate, the separation could be announced as early as Monday. The exact reasoning behind the move hasn't been mentioned, but the PC-centric group would be headed by one of its existing executives, Dion Weisler; current CEO Meg Whitman would run the business group and keep an eye on the other company by serving as its chairman of the board. However true the rumor may be, such a move wouldn't be all that surprising -- much of the computing industry has been restructuring and rescaling to cope with a world where the PC's role is rapidly evolving. Update: Recode also says it's aware of the split, and has an explanation for it. Supposedly, HP had no luck in early talks to sell its PC division to Dell or Lenovo. It had similar problems offloading server and services groups, and a merger with the data storage gurus at EMC also wasn't meant to be. The breakup would effectively revive plans shelved when CEO Leo Apotheker got the boot in 2011; getting rid of less successful products (in this case, PCs) would improve the chances of an EMC merger or similar deals. Update 2: HP has now confirmed the news. In a filing with the SEC, the company states that it plans to split into two publicly traded companies. Its consumer-focused PC, tablet, and printing efforts will continue on under the HP banner, while a new company named Hewlett-Packard Enterprise will focus on "enterprise technology infrastructure" and "software and services businesses." Meg Whitman, the current CEO of HP, will take the reins at Hewlett-Packard Enterprise, while Dion Weisler, the company's EVP for Printing and Personal Systems, will lead the new HP. The company also announced an increase in the number of layoffs for this financial year. It had previously estimated 45,000-50,000 employees would be leaving the company, but that figure has now risen to 55,000.
eBay and PayPal will part ways in 2015
Despite spending most of 2014 arguing the opposite, eBay has today decided it will divide its popular payment and auction properties in two. Next year, the company will split PayPal away from its embattled auction site, and as a result of the restructuring eBay's current CEO and CFO will step down from their roles, although both will take board positions. Dan Schulman, currently an executive at American Express, will become CEO of the new PayPal in 2015. [Image credit: Steve Ganz / Flickr]
PopCap hit with layoffs after recent studio split
Plants vs Zombies and Peggle developer PopCap suffered layoffs today, EA confirmed. The news follows a reorganization at the studio in late February, which saw the developer split into a two teams, one geared towards mobile games and the other for console releases. PopCap CEO David Roberts also stepped down and was replaced by co-founder John Vechey in January. "The changes we made today at PopCap were painful and we're sorry to lose some of our friends and colleagues," EA wrote in an email to Joystiq. "But it was also necessary in order to stay on course with our future plans for mobile games, live services, and new IP. PopCap is a studio that made its name building great games that the world can fall in love with, and that's what we'll continue to do." PopCap's latest game is Plants vs Zombies: Garden Warfare, which was good enough to earn a four-star review from Joystiq. The number of employees affected by the layoffs is unknown at this time. [Image: PopCap]
Insert Coin: Split, a diminutive, bite-controlled music player in earbud form
In Insert Coin, we look at an exciting new tech project that requires funding before it can hit production. If you'd like to pitch a project, please send us a tip with "Insert Coin" as the subject line. With Split, developer Greenwing Audio is Kickstarting Moore's Law to your ears. What you see in the image above are more than just wireless earbuds, they're everything you need to listen to music wherever you are -- no additional devices needed. Right about now you're probably wondering how standard stuff like playback and volume controls work. Well, those tasks are handled by biting. No, you didn't misread that. One bite skips a track and a double bite adjusts how loud your music is. According to the pitch video, gentle chomps are sufficient and you don't even need to open your lips. What makes Split different from many other wireless audio device is it isn't beaming Bluetooth radiation into your skull, so maybe you'll be able to retire that tinfoil hat. If the project reaches its $435,000 Kickstarter goal, your $155 pledge won't be a promise, it'll mean you don't have to spend hours of your life untangling headphones for listening to music on the go.
Grid 2's 'Live Routes' alter tracks and turns
This latest trailer from Grid 2 shows off the game's "Live Routes" system, which pitches different forks in the road every time you play it.
Fujifilm X100s digital split image display demoed (video)
Just as Fujifilm is getting under way with its CES 2013 press conference, the folks over at FujiRumors found some footage of Fujifilm's new digital split image display from the newly announced X100s. Earlier this week, the company announced this new way of manual focusing on the X100s, in which the user overlays two images to attain proper focus. This feature seems to hit a high note for range finder camera users as it brings a certain familiarity for focusing work flow. Note that the display in the video is the rear LCD of the camera and not the prized hybrid viewfinder. Overall the movement looks smooth and usable, but we'll confirm when we get our hands on the new X100s. Check out the video after the break. Follow all the latest CES 2013 news at our event hub.
Could AAPL split in a move toward Dow? Bernstein analyst thinks it will
A week after Apple posted its third-quarter earnings for 2012, Bernstein Research analyst A.M. "Toni" Sacconaghi speculates that the time is right for Apple to split its stock if it wants a future spot as an indexed member of the Dow Jones Industrial Average. The Dow is woefully underpopulated with technology companies, Sacconaghi argues, and IBM and Microsoft were added during a time when the PC market was far less mature than the smartphone market is now. But if Apple was to join the DJIA, the price of the stock would have to come down from the current $607 that it's trading at as of this morning. The Dow is a price-based index with few stocks selling more than $100 a share. Granted, this is speculation worthy of Chris Rawson's rumor roundups. Despite some headlines indicating that it's practically a done deal, Sacconaghi's scenario is just that -- a "what if" situation. As Barron's Tiernan Ray rightfully points out, Apple has not indicated that it has any current intention of splitting its shares -- although the company has done so three times before, most recently in 2005. The New York Times's DealBook blog is also considering Apple's fiscal future, pointing out a few possible big-game acquisition targets for the company's ample cash hoard. Writer Andrew Ross Sorkin saves the serious caveats for the end of the post (much of Apple's cash is overseas and cannot be repatriated without a tax hit, for example) after he speculates on some truly blue-sky options for Apple's shopping list. Twitter and Path? Nuance? Sprint? Research In Motion?!? Despite the reports of past talks between Apple and Twitter, none of these seem particularly likely. If we're throwing darts at the stock listings, though, perhaps Apple will fork over $68 billion and take over Comcast, which would gain it 51% of NBC Universal along with millions of paying cable customers. [via Reuters] #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; } #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
It's official: Comcast buys out Microsoft's share of MSNBC
Breaking up is hard to do, and it took Microsoft and NBC a few more days to hammer out all the details and make it official. NBC is buying the software maker's half of the MSNBC website for a reporter $300 million, which will be renamed NBC News -- a change which has already taken place if you try to hit up the old site. Its HQ will also move across from Microsoft's hub in Redmond to New York. Following the split, Microsoft is apparently readying its own news service for launch later this year, aiming to hire around the same number of people that were put to work on the previous site -- and looking to improve on its recent online fortunes.
Microsoft and NBC reportedly calling it splitsville on the web, MSNBC.com to get friend-zoned
Microsoft and NBC have had what you might call a complicated relationship. They've been separated in the TV space ever since MSNBC became a solely NBC-owned entity in 2005, but the online fling has carried on to this day. If Daily Beast's tipsters are right, however, NBC may get a little less ambiguous with its relationship status and kick Microsoft to the curb. The now Comcast-owned NBCUniversal is supposedly irked at having to share equal control over the MSNBC website and wants to send Microsoft packing, buying out Redmond's 50 percent stake. While the existing management would stay, MSNBC's online staff would quit Microsoft's campus and hop over to an NBCNews.com domain to reflect their newfound independence. An NBC representative wouldn't confirm that an agreement had been signed, but did say talks had taken place -- certainly much more of a response than most rumors get. With a signed deal rumored in a matter of "days," there won't be long to wait before we learn whether or not Microsoft gets dumped once and for all.
Panasonic spins off Sanyo DI Solutions, keeps the digital camera OEMs happy
Panasonic and Sanyo have only been life partners for about a year and a half now, but already the relationship has created a bundle of joy -- of a sort. Hot on the heels of some less-than-chipper financial news comes word that Panasonic is spinning off a portion of Sanyo. Sanyo DI Solutions is the name for the new creation, which will represent the company's efforts in producing OEM digital cameras -- cameras that get slapped with other manufacturers' labels before being sold as such. According to AV Watch, Panasonic's ownership had put a strain on Sanyo's fragile manufacturing partnerships, partnerships that can now bear beautiful, rebadged fruit. Sanyo DI Solutions will start with 10 million yen in capital and will go fully independent on July 1st. Hopefully it remembers to call home from time to time.
Mark Jacobs elaborates on departure from EA Mythic
It's been a couple of years since Mark Jacobs abruptly left -- or perhaps was let go -- from EA Mythic, but curiosity around the split persists in the MMO industry. Yesterday, Jacobs opened up about the event that occurred after EA's acquisition of Mythic and BioWare. Long story short: The merge brought about changes, and Jacobs wasn't on board with them. "They made a decision on a direction they wanted to go and obviously, as we put out in our joint statement, that wasn't a direction that had a role for me, or at least the role that I wanted. It really is as simple as that. Or at least publicly. Whatever went on behind the scenes, whatever we talked about, I have no intention of sharing that," he said. Jacobs insists that EA has been kind to him in the subsequent years. "One thing I'll say publicly about EA, they have been very good in what they've said post-departure regarding me. Similarly I've been good about what I've said about them post departure." He has since gone on to form a new company to create social and mobile games. In an ironic twist, Jacobs says that the idea for getting into the social gaming market took root while he was at Mythic, but he left before acting on that notion.
HP may spin off PC business, shift focus to software and services
Word 'round the campfire is, HP may be prepping to spin off its PC business. Though Hewlett-Packard is the world's largest computer company, desktops and laptops are a relatively low profit margin business. Obviously, there's no confirmation yet that such a split will happen, but with the recent focus on tablets and smartphones, and CEO Leo Apotheker's own admission that he'd like to expand into software and services, the move would make sense. According to Bloomberg the announcement could come as soon as today, during the company's quarterly earnings call, where it's also expected to reveal a $10 billion purchase of software company Autonomy Corp. We'll be listening in live later, so check back this afternoon to see if HP sets its PC business free.
$4,000 Leica lens split in two, sold on eBay as $1,000 piece of art
Discontinued products typically dip in value, but such is not the case with Leica lenses -- unless they're sawed in half. Leica students had an opportunity to "make" cutaways of two Leica lenses as part of a graduation project. A discontinued Tri-Elmar-M 28-35-50mm (valued at about $4,500 when fully functional) and a 50mm f/1.4 Summilux (about $3,700) were split, exposing various layers of glass and metal. Now forever unable to capture images of their own, all four halves were photographed, and the tri-focal lens was sold for $995 on eBay, complete with original box -- which, unlike its contents, appears to be in like-new condition. We were probably at home playing Frogger when Kermit went under the knife in biology, but we would have definitely had a perfect attendance record in any class that involved brushing camera equipment across a circular saw.
Motorola split wraps up on January 4th
Just in time for CES, eh? We knew it was happening at some point in January, and Motorola has just announced that it'll formally be split into two companies as of January 4th, 2011. Actually, that's not technically accurate: Motorola Mobility -- the phone and set-top box guys -- will be spun off into their own entity, while the parent company will change its name from Motorola to Motorola Solutions, responsible for the company's infrastructure businesses. Shareholders of the current company as of December 21st will receive one share of Mobility for every eight shares they've got in their possession right now, while the remainder of the company will enact a 1-for-7 reverse split; as of the 4th, you'll be looking at two stock symbols: MMI for Mobility and MSI for Solutions. So... who's buying? Follow the break for the official press release.
Motorola targeting January to finalize split
Though Sanjay Jha is clearly the more visible of Motorola's two co-CEOs, it was his stealthier counterpart, Greg Brown, who mentioned during an analyst conference today that they're looking to wrap up the company's split in January of next year. Brown had already been tapped to head up Motorola Solutions -- one half of the post-split aftermath with $5.3 billion in cash and $2.9 billion in debt -- and he's saying that his company's independent identity "effectively starts today." The handset guys over at Motorola Mobility, meanwhile, have been filing devices with the FCC under their post-split name for a while, but let's be honest: we're still going to know all this stuff as "Motorola"... and that's probably exactly how they want it.
