Posts Tagged ‘Chief Executive Officer’

Atom netbook D510Intel Corp Companies in the world’s largest microprocessor maker has just announced their financial performance for the first quarter of 2010. In the report, noted that during the first 3 months of this year, Intel managed to increase their net income amounted to 288 percent compared to last year.”Last quarter was the first quarter of the year as the best ever achieved by Intel during the time,” said Paul Otellini, Intel’s Chief Executive Officer,  Engadget, 15 April 2010.

As a final announcement of the financial report, Intel has also held the latest technology. “The next innovation that we represent from the Atom is dual core, which will be circulated in this second quarter,” said Otellini.As is known, the dual-core Atom processor itself is already available in the market for nettop version of the Atom. Otellini delivered with the announcement, indicated that in the near future, versions of dual core Atom for netbooks will be coming soon.

This announcement also confirms that rumors circulating that Intel is preparing Atom N500 processor platform series to go with Atom netbook D510 is a dual-core processor desktop (nettop).This means that there will be an interesting thing that can be observed in the computer market, particularly in the netbook category in the next few months.

Facebook Inc. is expanding a service called Facebook Credits that gives it a 30 percent cut of sales from tractors, fish food and guns in online games, according to four people who have held discussions with the company.Facebook is already testing the payment option in at least 17 games, including “Happy Aquarium” and “Restaurant City.” The company will make the service available in more games ahead of its annual developers conference in April, said the people, who declined to be named because the plans aren’t public.After relying on advertising for almost all of its revenue, Facebook is moving to take a bigger piece of the market for virtual items bought in games, which may quadruple to $3.6 billion in the U.S. by 2012, according to ThinkEquity LLC. Today, almost all of those sales go to the game developers, such as Zynga Inc., creator of “FarmVille,” and Electronic Arts Inc.’s Playfish unit.

“It will likely be a significant revenue stream,” said Jeremy Liew, a managing director at Menlo Park, California-based Lightspeed Venture Partners who invests in social games. “They’ll keep working on it until it makes economic sense for developers.”Facebook, the most popular social-networking site, allows outside developers to offer games to its 400 million users. The games are free, and players can pay for items that advance their progress, such as a $3.33 tractor in “FarmVille,” a $5.95 helicopter in “Mafia Wars” or a $4.89 box of fish food for “Happy Aquarium.”
Facebook Cut
The Palo Alto, California-based company is seeking to take advantage of the popularity of online games, a market that has already blossomed in Asia. Shares of Tencent Holdings Ltd., a game company in Shenzhen, China, tripled in the past year, giving it a market value of $35 billion. Facebook is also taking a page from Apple Inc., which gets a 30 percent cut of sales from iPhone apps.Today, gamers on Facebook can either buy Facebook Credits to obtain items in games, or pay for them through third-party services. Of the $3.6 billion in U.S. virtual goods sales in 2012, about $2.2 billion will be on social networks, with 80 percent on Facebook, said Atul Bagga, a ThinkEquity analyst in San Francisco. If all payments on the site use Facebook Credits, that would mean $530 million in revenue for the company, he said.

‘Trust Factor’

“It’s the trust factor,” Bagga said. “You trust Facebook more than you would trust any other payment company.”EBay Inc.’s PayPal unit said yesterday that it will become a payment option for Facebook Credits, allowing PayPal customers to buy the site’s virtual currency. Players can also use credit cards or their mobile phone to buy credits.Payments and virtual currencies will likely be a focus of Facebook’s developers conference, which is scheduled to start April 21 in San Francisco, said three people who have had discussions with the company.

“We are continuing to look at ways to extend our virtual currency Facebook Credits  via a small alpha test with a handful of developers,” Facebook said in an e-mailed statement. “The test started in May and is exploring ways for people to use their Facebook Credits with third-party applications.”Allowing Facebook’s users to buy a single virtual currency that can be spent on all games will probably increase sales for developers, said Vish Makhijani, chief operating officer of San Francisco-based Zynga, the largest creator of games on the site.

‘Additional Liquidity’

“Facebook Credits will drive more people to become buyers,” Makhijani said. “That additional liquidity or ability to spend in more places clearly would be more attractive to a consumer than something you can only spend in one place.”

In rolling out Facebook Credits, the company may still allow players to buy goods using other payment services. Developers would prefer to have Facebook Credits as an option rather than being the exclusive payments provider  because purchases made with Facebook cost them more, said Vikas Gupta, chief executive officer of Jambool Inc., also known as Social Gold, which offers an in-game payment system.“Facebook Credits comes at a pretty high tax,” said Gupta, whose San Francisco-based company charges developers 7 percent to 10 percent per purchase. Still, he said Facebook Credits “will help grow the overall ecosystem so you’ll see more people pay for goods.”

Seattle, Washington The suspect in the fatal shooting of four police officers kept authorities at bay early Monday seven hours after a massive manhunt tracked him to a house in an east Seattle neighborhood.Authorities had been looking for Maurice Clemmons in connection with an “ambush” Sunday morning at a coffee shop near Tacoma in Pierce County. Four officers  three males, one female died in the attack.Authorities identified the victims as Sgt. Mark Renninger, 39; Officer Ronald Owens, 37; Officer Tina Griswold, 40; and Officer Greg Richards, 42. All four had been with the department since its inception, and all of them were parents.

Witnesses told police they had seen Clemmons struck in the leg by a bullet while he struggled with an officer during the attack.Early Monday, authorities started identifying Clemmons as a suspect, rather than as someone wanted for questioning.Police were not looking for anyone else, but had arrested several people who had “helped” Clemmons, said Pierce County sheriff’s spokesman Ed Troyer.The night before the shootings, Clemmons had threatened to kill police officers, but witnesses did not report those threats till after the slayings, Troyer told “Good Morning America.”

About 8 p.m. Sunday, police received word that Clemmons had holed up in a home in the Leschi neighborhood.Police blocked off streets and asked residents to stay inside with their doors locked.Not knowing the extent of Clemmons’ wounds, paramedics stood by to assess his condition once the standoff ended.At 4:30 a.m., police were preparing to send a robot door-to-door in the cluster of residences that make up the property where Clemmons is believed to be hiding, said Seattle police spokesman Jeff Kappel.

Repeated attempts to make contact with Clemmons were unsuccessful, he said.Clemmons is a convicted criminal with a long rap sheet who had a 95-year prison sentence commuted in 2000 by then-Arkansas Gov. Mike Huckabee, said Pierce County sheriff’s spokesman Ed Troyer.Huckabee, a Republican presidential candidate in 2008, is considering a run for president in 2012.”Should [Clemmons] be found responsible for this horrible tragedy, it will be the result of a series of failures in the criminal justice system in both Arkansas and Washington state,” Huckabee’s office said in a statement Sunday night.

Clemmons, 37, of Pierce County has an “extensive violent criminal history from Arkansas, including aggravated robbery and theft,” the sheriff’s department said in a statement.He also was recently charged in Pierce County in the assault of a police officer and rape of a child, according to the statement.Troyer said Arkansan law enforcement officials had indicated that they were willing to forgo Clemmons’ warrants in that state to avoid extraditing him if needed.Clemmons was sentenced to 95 years in prison in 1989 for a host of charges, including robberies, burglaries, thefts and bringing a gun to school.During a pretrial hearing, he hid a piece of metal in his sock, media reports at the time said. Before the start of another hearing, he grabbed a padlock off his holding cell and threw it at a court bailiff. He missed, and the lock hit his mother, who had come to bring him clothes.

Huckabee cited Clemmons’ young age — 17 at the time of his sentencing — when he announced his decision to commute the sentence, according to newspaper articles.Clemmons was paroled in August 2000, after serving 11 years of his sentence.”It was not something I was pleased with at the time,” said Larry Jegley, who prosecuted Clemmons for aggravated robbery and other charges in Pulaski County, Arkansas. “I would be most distressed if this is the same guy.”Huckabee’s office said Clemmons’ commutation was based on the recommendation of the parole board that determined that he met the conditions for early release.”He was arrested later for parole violation and taken back to prison to serve his full term, but prosecutors dropped the charges that would have held him,” the statement said.CNN could not immediately confirm the account. But the Arkansas Democrat-Gazette newspaper reported that a year after his release, Clemmons was arrested for aggravated robbery and theft.

He was taken back to prison for parole violation. But, said the paper, he was not served with the arrest warrants for the robbery and theft charges until he left prison three years later, in 2004.His attorney argued the charges should be dismissed because too much time had passed by then. Prosecutors dropped the charges.Clemmons is thought to have moved to Washington that year, and for a while ran a pressure-washing and landscaping business. The license for the business expired last month, according to the secretary of state’s office, with which businesses have to register.In recent months, Clemmons has displayed increasingly erratic behavior, the Seattle Times reported. In May, he punched a sheriff’s deputy in the face, the paper said.In another incident, he had relatives undress, telling them families need to be “naked for at least five minutes on Sunday,” the newspaper said, citing a sheriff’s department incident report.

Clemmons also believed he was Jesus and could fly, a deputy wrote, based on conversations with family members.After serving several months in jail on a pending charge of second-degree rape of a child, Clemmons was released on bond six days ago, according to the Seattle Times.Sunday’s shooting was the first for the Lakewood police department, which was created five years ago for the town of nearly 60,000. Until then, the Pierce County sheriff’s office provided law enforcement services there.The four officers were awaiting the start of their shift at a coffee shop in Parkland, a unincorporated community just south of Lakewood and about 10 miles from Tacoma.

The officers were in uniform and had marked patrol cars parked outside.The shop on Steele Street is a popular hangout for law enforcement officers and is one of 22 Forza Coffee Co. locations in Washington.”As a retired police officer, this senseless shooting hits extremely close to home to me,” Brad Carpenter, chief executive officer of Forza, said in a statement on the company’s Web site.The attack occurred without warning.”There’s not going to be a big motive other than he was upset about being incarcerated and was going to go gunning after cops in general,” Troyer told reporters.

The shooter walked past the officers to the counter as if to order coffee before he pulled the gun out of his coat and opened fire at 8:15 a.m., the sheriff’s office said.

Two of the officers were “executed” as they sat at a table, said Troyer, the sheriff’s spokesman.Another was shot when he stood up and the fourth was shot after struggling with the gunman all the way out the door, Troyer said.Two baristas and other customers inside the shop were unharmed. “Just the law enforcement officers were targeted,” Troyer said, calling the shooting an ambush.

“What happened in there wasn’t just a shooting,” he told reporters. “After, we believe, some of the officers were shot, one of them managed to fight his way with the suspect — fight his way, wrestle, fight all the way out the the doorway until he was shot and died of a gunshot wound.Witnesses told police they had seen the suspect hit by a gunshot. Investigators checked area hospitals to determine whether the gunman sought medical treatment. A $10,000 reward was offered for information leading to an arrest.