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Panasonic to spend $9.4b on buying out Sanyo and PEW shares, posts robust quarterly profits

Vlad Savov — Thu, 29 Jul 2010 10:44:00 +0000

Clearly dissatisfied with what it sees in the mirror, Panasonic has today announced its decision to bulk up. A new share issue expected to raise ¥500 billion ($5.7 billion) will be enacted soon as part of raising the cash to complete the buyout of Sanyo Electric and Panasonic Electric Works. Don’t ask us why a company named Panasonic has to buy another company with Panasonic in its name, but them’s the facts. The total outlay is expected to come in at around $9.4 billion and is justified by Panasonic as fundamental to its future strategy of expanding into environmentally friendly tech and developing a three-pronged operating paradigm by 2012. The Osaka-based company is also reporting a ¥43.7b ($498 million) profit for the last quarter — a major upswing from a ¥53b loss in the same period last year — though that’s information the market seems to have ignored. Panasonic shares have plunged down 7.7% in the immediate aftermath of the acquisitions being announced, while Sanyo’s have shot up. Click past the break for the novella-sized press release explaining the details of the deal.

Continue reading Panasonic to spend $9.4b on buying out Sanyo and PEW shares, posts robust quarterly profits

Panasonic to spend $9.4b on buying out Sanyo and PEW shares, posts robust quarterly profits originally appeared on Engadget on Thu, 29 Jul 2010 06:44:00 EDT. Please see our terms for use of feeds.

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Nintendo issues a 3DS release date date

Thomas Ricker — Thu, 29 Jul 2010 09:59:00 +0000

Find the headline confusing? Well, the explanation won’t help to assuage the muddle much. A Nintendo spokesman told Bloomberg Japan that Ninty plans to announce the Nintendo 3DS price and release date on September 29th. Thus far, we’ve only seen speculation about pricing (between $249 and $299) and release dates (between October and March, 2011). So yeah, we still don’t know when or for how much but at least we know when we’ll find out when and for how much. Make sense?

Nintendo issues a 3DS release date date originally appeared on Engadget on Thu, 29 Jul 2010 05:59:00 EDT. Please see our terms for use of feeds.

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PS3 and Bravia sales boost quarterly Sony profits above expectations

Vlad Savov — Thu, 29 Jul 2010 09:42:00 +0000

Earlier this summer, Sony closed another fiscal year of being in the red, but it’s starting the 2010/11 ledger with its quill dipped firmly in the black inkwell. For the quarter ending June 30, the Japanese megacorp clocked up ¥25.7 billion ($293 million) in pure, unadulterated profit off the back of a ¥67 billion operating income. When you compare that to the performance this time last year, a ¥37 billion loss, you have to agree that the Stringer purse-tightening program seems to have delivered the desired effect. The primary drivers for the current resurgence are pinpointed as the PlayStation 3 and Bravia lines (frankly, we consider the two utterly inseparable), and Sony’s feeling so buoyant about it all that it’s revising its projection for the coming year’s revenues upwards today. The good news is tempered, however, by the threat of a rising Yen, which has already claimed Nintendo’s profits as its first victim.

PS3 and Bravia sales boost quarterly Sony profits above expectations originally appeared on Engadget on Thu, 29 Jul 2010 05:42:00 EDT. Please see our terms for use of feeds.

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Samsung Wave 525 and Wave 533 coming to Germany next month

kunal — Thu, 29 Jul 2010 09:16:31 +0000

Samsung Russia has confirmed to bring Wave 525 and Wave 533 aka Wave 2 and Wave 2 Pro in September but Germany is scheduled to get it a month early. Samsung has announced new bada OS-equipped phones’ pricing and availability for the German market. The touchscreen-only Wave 525 and touchscreen-plus-QWERTY Wave 533 will arrive in August for a price of 299 euros.

Specifications expectedly, remain the same with 3.2-inch WQVGA TFT LCD, 3MP camera, Bluetooth 2.1, Wi-Fi 802.11n, A-GPS, accelerometer, ActiveSync support, Social Hub, TouchWiz 3.0, Dolfin browser 2.0, Samsung Apps, 3.5mm headphone jack, FM Radio, music player with SoundAlive, 80MB internal memory, microSD card slot (up to 16GB) and 1,200mAh battery.

Another incentive German users will have is a free Samsung Apps voucher worth 10 euros if the user registers before August 18.

Via

A steampunk USB drive that could clean H. G. Wells’ house

Thomas Ricker — Thu, 29 Jul 2010 09:12:00 +0000

Site ChipChick nailed it when noting the similarity between this 8GB steampunk USB drive and Rosie the Robot of Jetsons yore. The drive’s creator, however, says it was inspired by a “narrow bridge” sign seen on a old country road. Really? Just look at that barrel-shaped cap staring down at you from atop a frilly gear collar; hands on hips in a tempestuous pose that makes us feel like we’ve somehow wronged her. Regardless, for $300 she’ll make a fine addition to your alternate-history abode.

A steampunk USB drive that could clean H. G. Wells’ house originally appeared on Engadget on Thu, 29 Jul 2010 05:12:00 EDT. Please see our terms for use of feeds.

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Nintendo posts Q1 loss on strong Yen and lower DS prices

Thomas Ricker — Thu, 29 Jul 2010 08:43:00 +0000

Although foreshadowed, it’s hard to believe that the once mighty Ninty, a company with unshakable profits even during last year’s global economic downturn, just recorded a Q1 net loss of ¥25.22 billion ($288 million) compared to a net profit of ¥42.32 billion during the same 3-month period a year earlier. Revenues dropped from ¥253.50 billion to ¥188.65 billion. Lower DS portable gaming machine prices coupled with a strong Yen (86.5 percent of its sales were outside of Japan) helped pull Nintendo into the red. Regardless, Nintendo continues to forecast a full year net profit of ¥200 billion on revenue of ¥1.4 trillion. We’ll see.

Nintendo posts Q1 loss on strong Yen and lower DS prices originally appeared on Engadget on Thu, 29 Jul 2010 04:43:00 EDT. Please see our terms for use of feeds.

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Sky 3D channel comes home October 1 with Ryder Cup, EPL, movies and more

Richard Lawler — Thu, 29 Jul 2010 08:02:00 +0000

The Sky 3D channel has so far been officially available only in 1,500 or so UK pubs, but now its residential launch for all Sky+HD customers is slated for October 1. The 2010 Ryder Cup will serve as a launch event with three days of live coverage from Celtic Manor as the US and European teams do battle; the first ever in 3D, but the third such event it’s covered in high definition. Golf fans won’t be the only ones catered to, Premier League football will be returning once the season starts and today’s announcement coincided with a SkyArts 3D filming arranged by the English National Ballet. Hollywood’s major studios have already agreed to provide 3D movies including Bolt, Monsters vs. Aliens, Harry Potter & The Half Blood Prince and more, while Sky has commissioned its own original 3D flick, Flying Monsters presented by Sir David Attenborough. Not quite ready for the 3D revolution? Feel free to put that on the backburner — at least until the 2012 London Olympics — as the network is also adding content from HBO, a large slate of new comedies, Anytime+ VOD, and a Sky Mobile TV iPad app. With an HD channel count of 43 and plans to reach 50 by year-end, there should be a little something there for everyone to enjoy.

Continue reading Sky 3D channel comes home October 1 with Ryder Cup, EPL, movies and more

Sky 3D channel comes home October 1 with Ryder Cup, EPL, movies and more originally appeared on Engadget on Thu, 29 Jul 2010 04:02:00 EDT. Please see our terms for use of feeds.

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HTC will ship all Android phones in China with Froyo on board, fuels fire for immediate update closer to home

Vlad Savov — Thu, 29 Jul 2010 07:09:00 +0000

A wordy headline, to be sure, but a pleasing one nonetheless. We came across HTC’s Chinese web portal listing the Desire as coming with Android 2.2 (with Sense!) and simply had to ping the official source for confirmation. It turns out the info up there is no mistake: all HTC Android handsets shipping to China — which includes the Wildfire and Tianyi — will do so with Froyo preloaded, cutting down on your upgrade angst at least until the Gingerbread man comes a’knocking. HTC has also reiterated that a 2.2 update for its phones already on the market will be delivered “very soon,” so if all goes well, we should be looking at a Froyo-dominated August in the land of High Tech Computers.

[Thanks, Christian]

HTC will ship all Android phones in China with Froyo on board, fuels fire for immediate update closer to home originally appeared on Engadget on Thu, 29 Jul 2010 03:09:00 EDT. Please see our terms for use of feeds.

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Nokia N8 up for official €469 pre-order in Italy, available in September

Thomas Ricker — Thu, 29 Jul 2010 06:47:00 +0000

Nokia’s Symbian^3 flagship — the 3.5-inch N8 with 12 megapixel camera — just went up for pre-order on Espoo’s Italian storefront showing an end of September availabilty. Now before you get up in arms about the €469 price tag (about $610), remember, the €370 estimated retail price announced was pre tax and pre carrier subsidy. That’s just how Europe does things, deal with it. We’re not seeing the preorder available elsewhere but we’ll update you if that situation changes.

[Thanks, Faisal]

Nokia N8 up for official €469 pre-order in Italy, available in September originally appeared on Engadget on Thu, 29 Jul 2010 02:47:00 EDT. Please see our terms for use of feeds.

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BeagleBoard finds new purpose in DIY wearable computer

Donald Melanson — Thu, 29 Jul 2010 06:02:00 +0000

We’ve already seen the small and flexible BeagleBoard used for a couple of different DIY projects, but few quite as impressive as this wearable computer built by Martin Magnusson. In addition to complementing any outfit, this rig runs Angstrom Linux, uses a modified pair of Myvu Crystal video glasses (and some stylish shades) for a display, and simply relies on a Bluetooth keyboard for input and a tethered iPhone for internet connectivity. Of course, if the shoulder strap isn’t your thing, Martin has also demonstrated that the rig can discreetly fit in a standard CD case — check it out after the break, and hit up the source link below for a look at the complete build process.

Continue reading BeagleBoard finds new purpose in DIY wearable computer

BeagleBoard finds new purpose in DIY wearable computer originally appeared on Engadget on Thu, 29 Jul 2010 02:02:00 EDT. Please see our terms for use of feeds.

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