Archive for November 19, 2007

AMD announced that it has received an investment from a wholly-owned subsidiary of Mubadala Development Company, a strategic investment and development company headquartered in Abu Dhabi, the capital of the United Arab Emirates (UAE). Mubadala invested approximately $622 million, receiving 49 million newly-issued shares at a price per share of $12.70, the closing price of AMD common stock on November 15, 2007.

AMD received approximately $608 million, after reimbursing Mubadala for approximately $14.6 million in expenses. AMD will use the net proceeds from the sale of the shares of common stock for general corporate purposes including accelerating its long-term, customer-focused growth strategy by investing in R&D, product innovations and manufacturing excellence.

Symantec Corp. announced new versions of Norton SystemWorks, the leading PC tuneup solution that diagnoses, repairs and maintains consumer and home office/small office computers. Norton SystemWorks Standard, Norton SystemWorks Premier and Norton SystemWorks Basic are now Vista compatible and provide consumers the opportunity to choose the solution that best suits their needs.

All three editions of Norton SystemWorks automatically diagnose and fix hard drive errors with the One-Button Checkup feature. Also included are Norton Utilities’ trusted tools, Norton Cleanup, which removes cookies and temporary files, and System Optimizer, which allows computer users to optimize their Windows settings from a single screen.

Flying Cars – A Dream No More

Posted: November 19, 2007 in Tech

Terrafugia, Inc. is developing the Transition. The Transition is a roadable Light-Sport Aircraft that will be able to land at the airport, fold up its wings, and drive on the road.

The vehicle will have 550 lbs of usable cargo weight in a 20 cubic foot space, which can be divided up among people, bags or fuel. It has a 20 gallon fuel tank which consumes about 120 lbs of fuel. Its maximum range is 460 miles (400 nm) when operating at 75% power, which is required to sustain 115mph cruising speed. When in folded position, the vehicle measures just 6.75 feet high, by 7.5 feet wide, by 18.75 feet long.

Sun Commits $2 Billion to Virtualization

Posted: November 19, 2007 in Tech

Sun Microsystems unveiled its first products, most notably the xVM hypervisor, for enabling virtualized data centers to run on x86/64 and Sparc systems from vendors such as Dell, Fujitsu, HP, and IBM.

Companies announcing support for Sun’s xVM hypervisor virtualization include AMD, Intel, Red Hat, and Symantec.