source: The InvestorOriginal link
British chip maker Imagination Technologies, which lost 70 percent of its value following a dispute with Apple, has put itself up for sale, it was reported on Thursday (via Reuters).
Apple informed Imagination in April that it plans to stop using the company's PowerVR graphics technology over the next two years as it begins using its own in-house chips for products like the iPhone and iPad. The news came as a blow to the firm whose contract with Apple accounts for half its revenue."Imagination Technologies announces that over the last few weeks it has received interest from a number of parties for a potential acquisition of the whole group," it said.
"The board of Imagination has therefore decided to initiate a formal sale process for the group and is engaged in preliminary discussions with potential bidders."When Apple announced it was ending its supply deal with Imagination the British firm's shares plunged 70 percent. Imagination said at the time that it doubted Apple could go it alone without violating patents, intellectual property, and confidential information.
In May the group said it had started a "dispute resolution procedure" with the American tech giant. The company said it was also selling MIPS and Ensigma – two of its three major businesses – in an attempt to shore up cash, allowing for a renewed focus on its PowerVR graphics technology. Imagination said on Thursday that it had received proposals for both businesses.
Apple has been a licensee and stakeholder in the company since at least 2008, and became a key investor in mid-2009 after raising its stake in the firm to 10 percent. Apple was reportedly in "advanced talks" to acquire Imagination Tech late last year after the British chip maker announced job cuts.
Despite confirming the talks, Apple later decided not to make a buyout offer, and instead recruited several Imagination employees as part of its efforts to build an in-house graphics team.Original link
Travis Kalanick, who last night resigned from his post as CEO of ride-share giant Uber, has taken the blame for the company’s very long list of problems, from allowing a culture of sexual harassment to thrive, to skirting the law with its Greyball program, to mishandling the medical files of a customer raped by one of the company’s drivers (for starters).
But many view the VCs who pushed Kalanick from his role are nearly as culpable for what’s gone wrong. Indeed, while Benchmark, First Round Capital, Lowercase Capital, Menlo Ventures and Fidelity Investments all reportedly pressed Kalanick to quit last night, it was also their fault the company drove into trouble, say industry types who’ve watched the saga from the sidelines.
“The investors were really caught with their pants down here,” says Jeff Cohn, a succession planning expert at the New York-based leadership development firm Elevate Partners, who’d immediately predicted that the leave of absence taken last week by Kalanick wouldn’t work.
“The fact that Uber is right now being led by 14 internal people is absolutely insane,” says Cohn of the company’s current status as without a CEO, CFO, COO, or general counsel, among other executive openings. “It’s not uncommon for leaders to suddenly depart for whatever reason; that [the company and its board] weren’t developing any viable candidates in recent years in case Kalanick were hit by a bus . . . for a company with 14,000 employees and a $70 billion market cap, that’s nuts.”
There have been changes since Kalanick announced to employees late yesterday that he was relinquishing his role. The New York Times is reporting tonight that longtime director Bill Gurley of the venture firm Benchmark is leaving the board; Gurley’s colleague, Matt Cohler, will replace him. David Trujillo, a partner at the private equity firm TPG Capital, is also joining the board, as Bloomberg reported earlier today; Trujillo is replacing colleague David Bonderman, who resigned as an Uber director last week after making a sexist remark at a company presentation.
Play Music will now let you access music search history following the update to version 7.9 of the application. If you’re someone who often finds themselves searching for music within the Play Music app and later wanting to remember part of your search, this new search history function should make it easier than ever to keep tabs on the style or types of music you’ve been looking for in the app.
Getting to the search history isn’t exactly as simple as it is to get to something like your browser history in Chrome, but it’s not so far removed from the main screen that it will be impossible to find for any user. If you’re on Google Play Music v7.9 and you’d like to access your past music searches, simply enter into the music settings menu and there should now be a visible option that is labeled Manage Your Play Music History, which, will show you the history of any past music searches up to a point. The history won’t go back to the beginning of Play Music’s existence, but it does seem to reportedly go back around a couple of years so if you search for stuff a lot there’s a chance that any music you may have searched for and forgot about will still be listed. What’s more is that entries appear to have their very own card to separate them out from other entries more easily, complete with the date and time stamps of the search if you need or want that information.
In addition to the new music search history options, those on Android O seem to be getting some new changes as well. The latest version of Play Music reportedly adds notification channels support. This means that users will be able to toggle on or off the notifications for a handful of different reasons when they’re coming from the Play Music app. There are five different notification channels for Play Music in all, including a channel for any issues or updates that pertain to user accounts. The remaining channels include updates for content which presumably means notifications that will come through when new music is added, a channel for downloads, one for playback, and finally a channel for updates to purchases that have been made. If you’re running the latest version of the Android O developer preview and the 7.9 version of Google Play Music, you can adjust the toggles for each of the channels within the app settings. Beyond these two available changes it looks like Google is also preparing the app for a couple of future tweaks, including Ultra High Quality audio options for music. If you haven’t gotten the update to Play Music v7.9 yet you can grab the APK from the button below.Download Google Play Music v7.9 APK Original link
Dust off your Google Glasses, those who still have them — the $1,500 face computer is back in the spotlight today with a few updates.
Today, in its first update since September 2014, Google Glass got a “MyGlass” companion app update, some bug fixes and now supports Bluetooth. That means the new “XE23” version can now hook up mice, keyboards and other Bluetooth-enabled objects to their Glass device.
The app update rolled out yesterday and, in an even bigger surprise, the firmware update for Glass came out today.
So, Glass is alive? Well, yes, but it never really died. Despite seeming to go the way of the Dodo (you can’t buy it anymore and Google shut down the website in 2015), it never really left us, it just “graduated” from Google X after failing to capture consumer attention. Google then quietly moved it into the enterprise. But, apparently, someone at Google is still working on the dork-inducing consumer version.
We don’t know why Google chose to release these two updates. It’s odd for an update to pop up after nearly three years — especially one without too much of a difference from the old version. But it shows Google has not completely forgotten about its optical-mounted wearable.Original link