Tag Archives: Worth

Hong Kong fund says Toshiba chip unit worth more than $30 billion
April 6, 2018 6:01 am|Comments (0)

TOKYO (Reuters) – A Hong Kong-based activist investment fund opposed to Toshiba Corp’s (6502.T) sale of its chip unit to a Bain Capital-led group said the deal should be renegotiated at a valuation of 3.3 trillion yen to 4.4 trillion yen ($ 30 billion-$ 41 billion).

FILE PHOTO – The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File Photo

Argyle Street Management said on Friday that the current deal, which values the unit at 2 trillion yen, was agreed upon when Toshiba was desperate for cash. Toshiba is no longer insolvent, and was free to terminate the deal without incurring any penalty because the sale had not closed by a March 31 deadline, it said.

Toshiba should aim to list the unit if the Bain group will not agree to a higher price, it added.

Reporting by Makiko Yamazaki; Writing by Ritsuko Ando; Editing by Edwina Gibbs

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Smugglers Caught Using Drones to Drop $80 Million Worth of iPhones Into China
March 30, 2018 6:32 pm|Comments (0)

Chinese customs officers have arrested smugglers who attempted to drop millions of dollars worth of iPhones from drones into China.

Twenty-six suspects were arrested in China recently after they tried to use drones to fly two 660-foot cables from Hong Kong to Shenzhen, according to Reuters. Those cables were going to be used to lift iPhones worth 500 million yuan ($ 79.6 million) to the mainland, where they could be sold via the black market for a hefty profit, according to the report. A local Chinese report from the Legal Daily said it was the first time drones were employed to smuggle phones.

The operation was set to go off at night, where smugglers would pack small bags with approximately 10 iPhones and attach them to the drones. Those drones would then fly from Hong Kong to the mainland in just a matter of seconds. According to Reuters, the smugglers had the ability to transport up to 15,000 iPhones each night.

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Smuggling of high-value products—like iPhones, jewelry, and luxury products—is nothing new in China. In fact, the government has been working hard to crackdown on the practice and do a better job of breaking up what has become an increasingly powerful black market.

Smuggling gangs often steal devices or buy them at a deeply reduced rate and sell them for a higher price in China. They’re careful, however, to keep their prices below the going rate for those who purchase products legitimately. The result is a profitable business for smugglers and an opportunity for Chinese consumers to get authentic goods at a cheaper price.

Despite breaking up the drone attempt, Shenzhen officials warned that smuggling would continue. According to Reuters, the customs officers are planning to use several types of equipment to thwart other attempts by the smugglers.

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Kanye West Gives Kim Kardashian West Hundreds of Thousands of Dollars Worth of Stock in Five Major Companies
December 27, 2017 6:00 pm|Comments (0)

Kim Kardashian West revealed what husband Kanye West gave her this Christmas: Hundreds of thousands of dollars worth of stock in major companies including Disney, Apple, and Amazon. In an Instagram story—visible to her 105 million followers—shared on Tuesday, the reality TV star and entrepreneur shared how Kanye delivered the stock-ing stuffer.

“So for one of my Christmas presents from Kanye, he gives me this little box with a Disney Mickey toy, Apple headphones, Netflix [and] Amazon gift cards and Adidas socks,” Kardashian says, as her camera pans over the box of gifts. “And I’m like ‘that’s so sweet, thanks!’”

“But then, I open the next box and it is stock to Amazon, where he got the gift cards, stock to Netflix, stock to Apple—hence the little headphones—Adidas stock and Disney stock,” she says in the next installment, revealing stock certificates for the five companies. Kardashian wrote “best husband alert!” as the caption.

While most of the certificates are hidden from the camera, viewers of the Instagram story can see that Kim was gifted 920 Disney (dis) shares, which the certificate says are valued at around $ 100,000. The Instagram story also shows that she was given 995 Adidas (addyy) shares, which would also have a total value of around $ 100,000 at current prices.

Several of these companies saw their stocks soar and crush the broader stock market in 2017. Netflix (nflx) was up 51%, Apple (aapl) 47%, and Amazon (amzn) 57% year-to-date, according to CNBC.

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Why APIs Are Worth The Time And Attention Of IT Professionals
September 9, 2016 3:40 pm|Comments (0)

IT professionals who have yet to be convinced that API management could be useful need look no further than Google’s plan to acquire Apigee, an API management platform. It’s the latest in a string of similar offerings that highlight the importance of application programming interfaces in today’s IT organization.


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6 Slack alternatives worth a look
July 25, 2016 9:05 pm|Comments (0)

Once upon a time if you wanted employees to collaborate you’d probably encourage them to use Internet Relay Chat (IRC). But about three years ago Slack appeared on the scene, and since then it’s been eating IRC’s lunch. That’s because it’s much easier to install, get up and running, and use than IRC, making it massively popular with nontechies. And thanks to a well-documented API it’s easy to integrate with other programs and services. That means it’s customizable and infinitely extensible, which makes it popular with developers.

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Aussies couldn’t get enough data in late 2015. 1.71 million terabytes worth.
April 7, 2016 3:10 am|Comments (0)

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Australians want data. Lots of it.

The country consumed about 50 percent more data in the last three months of 2015 than in the same period in 2014, according to the Australian Bureau of Statistics’ (ABS) twice-yearly Internet activity report, which was released Wednesday.

That’s 1.71 million terabytes, up from 1.15 million terabytes in 2014. It’s also a 23.5 percent increase on the three months preceding June 30, 2015, and it doesn’t look like it’s going to stop there.

In the year Netflix launched in Australia, along with homegrown streaming options like Presto and Stan, that increase is not too surprising. Not a month after Netflix launched in March 2015, Internet service providers like iiNet were already feeling the strain from the spectacular spike in demand. Read more…

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9 Ways to Tell if a New TV Show Is Going To Be Worth Watching
November 8, 2015 1:45 pm|Comments (0)

It’s the start of the fall TV season, and this week alone a ton of pilots have aired. You can’t always judge a show by its pilotthey’re usually filmed months before the rest of the show , and terrible pilots lead to great shows and vice versa. So how can you decide which show to invest in? Here are nine signs to look out for.

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