Archive for May 22, 2008

Samsung announced that the company will reorganize their business operations. As part of this development, the company would now merge its home theater, DVD and Blu-ray player businesses with its television division.

They are also planning to move their digital music player, laptop computer and set-top box businesses to this division. These are currently part of their digital media business operations.

Samsung added on these new developments: “By bringing its computing and mobile technology together, the company hopes to create new markets and take the lead in the rapidly changing industry.”

Samsung has also named Lee Yoon-woo as their new chief executive officer and vice chairman.

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Microsoft announced they would soon begin supporting document formats generated by rival office productivity suites.

Microsoft said that sometime next year they would release updates to enable the user of MS Office to open and edit ODF file format files.

The other two formats to be supported are: Adobe PDF and their own XPS format.

Microsoft Office users can currently access ODF files by downloading an add-on.

HP unveiled a broad effort to help make it easy for customers to reduce the environmental impact of their imaging and printing.

Targeting customers spanning individual consumers to large businesses, the wide-ranging initiative includes elements such as:
– an enterprise printing assessment service and a carbon calculator that together comprehensively address energy and paper use, related carbon emissions and projected cost savings for optimized printing environments;
– a global paper policy governing the sustainable manufacture and use of paper HP sells to customers and uses for packaging, collateral and its own office printing;
– a new HP inkjet printer made almost entirely from recycled materials; and,
an HP Eco Highlights label that will help customers identify environmental attributes of a given HP product or service.

Lenovo Group reported results for its fourth fiscal quarter and full year ended March 31, 2008, driven by strong performance in all geographies and product segments.

During the fourth quarter, Lenovo’s worldwide PC shipments grew 21 percent, well ahead of the industry average growth of approximately 15 percent.

Consolidated sales for the quarter from continuing operations (excluding the mobile handset business) rose 13.5 percent year over year to US$3.7 billion. The Company’s gross profit margin for the fourth quarter reached 15.0 percent.

Basic earnings per share totaled 1.56 US cents, or 12.17 HK cents. Net cash reserves as of March 31, 2008, totaled US$1.6 billion. Lenovo’s board of directors has proposed a final dividend of 12.80 HK cents, or approximately 1.64 US cents per share.

Red Hat recently announced the availability of their Red Hat Enterprise Linux 5.2.

The updated edition comes loaded with enhancements in virtualization, clustering, and hardware support.

The company has also improved performance, power usage, scaling, and manageability in this release.