Archive for the ‘Tech news’ Category

Bloggers can outshine the professional analysts too

Thursday, January 20th, 2011

Amateur analysts can do as well as the pros on Wall Street – sometimes even outshine them.

Horace Dediu – a blogger writing from his home in Helsinki – is the most accurate analyst covering Apple Inc.

An ex-Nokia Oyj worker, Dediu has published on his blog the most accurate estimates about Apple for the past four quarters, beating professional analysts from reputable companies like Morgan Stanley, Citigroup and Deutsche Bank.
Horace Dediu as seen on Facebook
This is based on a tally maintained by another blogger, Daniel Tello.

According to Adam Satariano of Bloomberg,

“Dediu and Tello are part of a cadre of amateur analysts who study Apple and post their insights on personal blogs and websites such as Mac Observer’s Apple Finance Board. Their accuracy projecting Apple’s performance — data that can help predict stock movements — is giving investors a free alternative to Wall Street and creating a rivalry with the pros.”

Tello says that “Competitiveness with Wall Street analysts is a natural consequence of us bloggers backing each other as the
‘underdogs.’”

Read the full story on Bloomberg.

Apple stocks drop on Jobs’ absence

Wednesday, January 19th, 2011
As expected, Apple’s stocks dropped 6.15% at 327.05 USD (from last Friday’s close at 348.48 USD) when it opened in the US on Tuesday after the announcement on Sunday of his impending absence. Prices recovered somewhat to close down 2.25% at 340.65 USD.

Steve Jobs last went on extended medical leave from January to June 2009. From the time he began exhibiting signs of weight loss in June 2008 till his return to work in June the following year, Apple shares were down 23.3%.

Apple stocks drop on 18 Jan 2009

Apple stocks drop 6.15% on opening and closed down 2.25%.

Apple's stocks during Steve Jobs' previous medical leave in 2009

Apple's stocks initially dropped before recovering when Jobs returned

Perhaps as an indication of the confidence that Tim Cook gained when he oversaw the day-to-day operations in Jobs’ absence, the shares actually gained some 70% from the time Jobs announced his absence on 14 January 2009 till his return on 29 June that year.

Perhaps there is a slight difference in the two situations. In his memo in 2009, there was an expected date of return – six months down the line – which was fulfilled. This time round, there is no hint on how long the medical leave is expected to be.

In the immediate term, any decline in Apple’s value may be cushioned by the expected positive earnings result to be announced today from the bumper quarter reported on. The strong outlook from the launch of the iPhone with Verizon is likely to provide further support.

Even the clogs for the next versions of iPhone and iPad would have been set in motion by now. The question will therefore be on when Steve Jobs returns and whether an Apple without him would be able to continue on the steam roller of innovation that it has been on in recent years.

New features for upcoming GIMP 2.8

Tuesday, January 18th, 2011
Numerous enhancements … but my most longed for feature – non-destructive editing – will only be in the version after that. Still I’m looking forward to v2.8.

The recent announcement on GIMP’s official website gave a teaser on some of the new features and future thrusts for the next stable release of GIMP and beyond. 

First off, the GIMP development team are now in the final stages of developing the next stable release of GIMP – version 2.8. Enhancements include “layer groups, improved brush dynamics, a new unique transformation tool, optional single-window mode and more”.

According to the notice, the focus of development after the release of v2.8 will shift to deep integration of GEGL – the new non-destructive image processing core. Non-destructive image editing is one of the areas where GIMP lags behind Photoshop. This thrust will “enable many features considered critical for use of GIMP in (a) professional environment.

GIMP's splash logo for v1

v1 Logo by Jens Lautenbacher

GIMP started life as a semester project at University of California, Berkeley in 1995 and was first released to the public in 1996. The current stable release is v2.6 which was released in 2008. The latest bugfix is v2.6.11 dated Oct 2010.

Apple Steve Jobs on medical leave

Monday, January 17th, 2011

In a memo from Steve Jobs to all Apple employees today, he divulged that he will be on medical leave to focus on his health.

Apple CEO Steve Jobs

Apple CEO Steve Jobs

55-year-old Steve Jobs will remain as CEO and be involved in major strategic decisions for the company, while COO Tim Cook will drive day to day operations. The same arrangements were made when Steve Jobs took 6 months off from January to June in 2009 also on medical grounds.

There is no mention how long the medical leave of absence will last, nor whether it was related to the liver transplant in May 2009 or his earlier victory over pancreatic cancer in 2004.

US Markets are closed for Martin Luther King Day. Apple shares on Wall Street may suffer when it reopens on Tuesday. Between June 6, 2008 and June 26, 2009, when Mr. Jobs began exhibiting weight loss and then went on leave, Apple shares were down 23.3%.

Update: Apple stocks slumped in Europe as its shares fell 6.2% to 244.05 Euro (326.41 USD) at its closing in the Frankfurt stock exchange in Germany.

Apple COO Tim Cook

COO Tim Cook

50-year-old Tim Cook was invited to join Apple as senior vice president of operations from PC maker Compaq in 1998. Unlike Steve Jobs, who is well-known for his slick presentation and showmanship, Tim Cook is quiet, soft-spoken and low-key (wired.com), but adept at keeping a tight ship on operations.

Cook  first stepped up to stand in for Jobs as the latter recuperated from surgery for the tumor in his pancreas. Cook then held the fort during Jobs’ absence in 2009.

Perhaps as an indication of the confidence Cook gained during that period, Apple’s shares actually gained some 70 percent from the time Jobs announced his absence on 14 January 2009 till his return on 29 June that year.

Looking ahead, major items on Cook’s palette will include the rollout of the iPhone on Verizon and the widely rumoured launch of the iPad 2 and iPhone 5.

Hailing from Alabama, Cook graduated from Auburn University and enjoys the outdoors and cycling.

Steve Jobs’ email:

Team,

At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.

I have asked Tim Cook to be responsible for all of Apple’s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.

I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy.

Steve

Launch of Adobe Acrobat X

Tuesday, October 19th, 2010

Acrobat X aspires to be the Swiss knife of multi-media communications – facilitating the sharing and collaboration of digital documents amongst co-workers.

Box shots of Pro and Suite versions of Adobe Acrobat X

Adobe Acrobat X

The newly launched Version 10 sees its continued evolution – from its original inception as a standardised document viewer – into a vehicle for sharing compilations (Adobe calls them Portfolios) of text and graphics-embellished documents, voice and video presentations, as well as Flash animations.

Together with the free Acrobat Reader X, tighter collaboration among co-workers is enhanced with features like the ability to leave and consolidate comments amongst multiple recipients of a PDF document, as well as integration with Microsoft SharePoint and Office suite 2010.

Other features include the ability to automate routine, multi-step tasks with scripted Actions that do stuff like removing private meta data prior to publication and sharing of documents. User interface has also been made more ergonomical with the ability to display the most commonly used tools into one pane. Enterprise-wide deployment of the software is also made easier for IT administrators.

The software ships 30 days from today. Between now and the shipping date, buyers of the previous version Acrobat 9 will get a free upgrade to Acrobat X when the latter ships. There are three versions of Acrobat X available:

The detailed feature list of the three versions can be found here. The main difference between the Standard and Pro versions is in the inclusion of Adobe LiveCycle® Designer Enterprise Suite 2 in the latter. The Suite version sees the inclusion of image-editor Photoshop CS5, presentation converter Presenter 7, user-interface capture and presenter Captivate 5, and video converter Media Encoder CS5.

Adobe Acrobat X works in conjunction with the free Acrobat Reader X and online service Acrobat.com.

Reader X expands PDF access to mobile devices for Android, Windows Phone 7 and Blackberry Tablet OS. Apple iOS platforms as well as Windows Phone 7 phones – which do not support Flash – will not be able to access Portfolios since Portfolios requires Flash support.

Acrobat.com sees the introduction of Adobe SendNow, a new document exchange service that enables users to send and receive large files and track them with proof of receipt, avoid problems arising from email gateway, complicated FTP servers, and costs of expensive overnight mail. Adobe CreatePDF enables easy conversion of files to professional PDF documents from within Adobe Reader X or any Web browser.

Olympus announces E-5, its new flagship DSLR

Tuesday, September 14th, 2010

The latest top-of-the-line DSLR for Olympus was announced today in Cologne at the biennal Photokina, the world’s biggest trade fair for the photography and imaging industries.

Olympus E-5

Olympus announces E-5, its new flagship DSLR

This successor to the almost-three-year old E-3 is a much awaited update and suggests that Olympus has not abandoned its Four Thirds standard in favour of its newer but wildly successful Micro Four Thirds standard.

Whether the future of Olympus DSLR camera will retain both these standards or whether they will be merged into a single Live View only mirrorless line is by no means a foregone conclusion, and is a matter of intense speculation among the DSLR community.

For the moment, Olympus positions the Pen series Micro Four Thirds mirrorless cameras as a secondary camera for professional photographers and personal camera for general users.

Olympus E-5 DSLROlympus E-5 DSLROlympus E-5 DSLR

The E-5, priced at US$1,699 and available from October 2010, is based on the weather-sealed body of the E-3. It sports a 12.3 megapixel Live MOS sensor, 3-inch 921,000 pixel LCD, Live View with Contrast AF, HD video recording and shutter speeds of up to 1/8000th second.

For comparison, the E-3 has a 10.1 megapixel sensor, 2.5-inch 230,000 LCD, no video recording and shutter speeds of up to 1/8000 second. The TruPic III image processing engine has also been updated to the TruPic V+ engine to enhance image quality. Maximum ISO sensitivity has also increased from 3200 to 6400.

The E-5 now features Scene Modes, as well as 10 Art Filter to produce in-camera special effects like Soft Focus, Cross-process and Dramatic Tone.

In terms of physical looks, both cameras look similar. The larger LCD screen of the E-5, however, has necessitated the rearrangement of some of the buttons as compared with the layout in the E-3.

RIM’s India concession likely to prompt others

Wednesday, September 1st, 2010
Having given in to demands from the Indian government to open up access to BlackBerry e-mail and instant messenger correspondence, other countries will expect the same concessions to be extended to them.

RIM's logo with flags of countries concerned with security

RIM’s India concession likely to prompt others

The Indian deal sets a precedent and RIM will find it difficult to turn down other countries seeking similar access. Prashant Singhal, head of the telecommunications division at Ernst & Young India Pvt. in New Delhi, told Bloomberg that “with some of the countries where discussions were on or are still on, like Saudi Arabia, governments may go back and ask for security codes, following in India’s footsteps. Most governments are going to ask for the same security solution RIM has offered.”

Motivated by security concerns, both the United Arab Emirates and Saudi Arabia have threatened to ban BlackBerry services unless RIM allowed access to its encrypted client data to the authorities. Turkey and Indonesia have also expressed security concerns about BlackBerry services.

RIM has reiterated last week that the company maintains a “consistent global standard” for lawful access to its messaging system that “does not include special deals for specific countries.”

RIM fell 6% to US$42.84 in the Nasdaq Stock Market yesterday, the biggest decline since June 29, after a Sanford C. Bernstein Ltd. survey found more companies opting for rival devices such as Apple Inc.’s iPhone, reports Bloomberg.

The shares have lost 37% this year while Apple’s share price has increased by 15%.

India to get BlackBerry access

Monday, August 30th, 2010
Indian flag with BlackBerry logo.

India to get BlackBerry access from RIM

The Indian government disclosed that Research In Motion Ltd. (RIM) has given Indian authorities access to BlackBerry e-mail and instant messenger correspondence. This is on the eve of an August 31 deadline for RIM to do so or face a ban on BlackBerry services in India. RIM first agreed to allow monitoring of e-mail on BlackBerry handsets by the Indian government in 2008.

Other countries like Saudi Arabia and the United Arab Emirates have also threatened to shut off BlackBerry services unless RIM provide access to its encrypted client data. These countries are worried the secure comms provided by BlackBerry devices could be exploited by terrorists such as those in the 2008 Mumbai attacks and insurgents from Kashmir and Assam. It could also help criminals evade authorities monitoring their comms for illegal activities.

Nokia Oyj, the biggest mobile-phone maker in the world, has agreed to set up servers in India by Nov 5, to allow security agencies to monitor its customers’ e-mail.

India is also exploring how to track voice-over-Internet protocol services provided by companies like Skype and Google.

RIM’s proposal to placate India would be at the expense of legitimate corporate customers whose privacy will be compromised.

Roger Entner, an analyst with IAG Research Inc. told Bloomberg that in the U.S., the Federal Bureau of Investigation can monitor the mobile e-mail of particular people with authority from a judge, as they do in wiretapping phone calls. American officials would go to a company for access to an employee’s messages or to an Internet service provider for non-corporate e-mail.

According to Bloomberg, India accounts for about 2 percent of RIM’s 46 million customers worldwide. Mike Abamsky, an analyst at RBC Capital Markets in Toronto, puts the number to about 1.1 million. As of June, India had 636 million mobile-phone subscribers, second only to China’s 805 million.

Romal Shetty, executive director of the telecommunications division at KPMG’s Indian unit, opined that “India as a market is small today for BlackBerry phones but the opportunity space for RIM is very, very large. They can’t walk away from a market like India. It’s not something anybody can afford to do.”

India’s telecommunications department will test RIM’s proposal for 60 days to see whether it allows security agencies to tap its messenger and corporate e-mail services.

Nubox in Singapore opens fifth and sixth store

Saturday, August 21st, 2010

Never has there been a better time to retail Apple products.

Logo of Nubox

Nubox, Apple retailer in Singapore

Nubox, an arm of Newstead Technologies in Singapore, has opened its fifth and sixth Apple Premium Reseller stores at Tampines Mall (1700 sq ft) and Raffles City (2100 sq ft), selling the complete range of Apple products.

Nubox already has an Apple Premium Reseller store at Jurong Point and three Apple Authorised Reseller stores at Sim Lim Square, Funan DigitaLife Mall and Causeway Point. The Sim Lim Square outlet, opened in 2008, was Nubox’s first store.

Facade of Nubox APR store at Tampines Mall

Nubox APR store at Tampines Mall

Evelyn Chua, Business and Marketing Manager at Newstead Technologies, revealed that Nubox will be opening another two outlets (one at the upcoming NEX, the new shopping mall at Serangoon Central) by the end of 2010, and another three next year.

Other Apple Premium Resellers in Singapore include EpiCentre and iStudio at many locations around Singapore. The list of resellers and their locations/tel can be found here.

Launch crowd at Tampines Mall outlet

Launch crowd at Tampines Mall outlet vying for store opening promotional deals.