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Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/H1pnyr_vKFI/story01.htm
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Monday, September 3, 2012
Sunday, September 2, 2012
Hon Hai 1H net edges up 0.5%, Apple products fuel revenue growth
Hon Hai Precision Industry Co. said Friday its first-half net profit edged up 0.5% as revenue growth driven by strong demand for Apple products was largely offset by an accounting loss on its investment in Sharp Corp.
Hon Hai Precision Industry Co., which assembles Apple Inc.'s iPad and iPhone, said its net profit for the six months ended June 30 rose to 27.53 billion New Taiwan dollars (US$918 million) from NT$27.38 billion a year earlier.
The statement from the world's largest contract electronics maker by revenue didn't give a figure for the accounting loss on its investment in Sharp, which was due to the Japanese company's recent share price decline.
Hon Hai's first-half revenue rose 25% to NT$1.89 trillion from NT$1.52 trillion, it said, due to strong sales of Apple's iPhone and iPad.
In March, Hon Hai, together with its affiliates collectively known as Foxconn, agreed to take a 9.9% stake in Sharp for about $800 million.
As Sharp's shares have more than halved since March, Hon Hai said earlier this month that it is no longer under obligation to comply with the terms of their share-sale agreement in March. Sharp has said that the two firms are still discussing their alliance, including Hon Hai's investment.
Analysts also said Hon Hai's first-half results were likely weighed by the poor performance at its unit, contract handset maker Foxconn International Holdings.
Hong-Kong listed Foxconn International said Monday its first-half consolidated net loss widened significantly to US$226.07 million from a net loss of US$17.65 million. The unit has struggled as key clients Nokia and Motorola Mobility Holdings Inc. have been losing market share to Apple and Samsung Electronics Co. in the increasingly competitive smartphone market.
Hon Hai's fortunes hinge on its biggest client, Apple, analysts said, adding that demand for the newest version of its iPhone, to be launched in the fall, is expected to be strong. This would underpin the share price for both Apple and Hon Hai, they said.
While Hon Hai hasn't disclosed what percentage of its revenue comes from Apple, analysts have estimated that Apple orders account for about 40% of Hon Hai's revenue.
Source: http://www.totaltele.com/view.aspx?ID=476000
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Source: NY probing equity firms, including Bain
ALBANY, N.Y. (AP) ? New York's attorney general is investigating tax strategies of some of the nation's largest private equity firms, including Bain Capital, founded by Republican presidential nominee Mitt Romney, an official familiar with the probe said Sunday.
Attorney General Eric Schneiderman is examining whether the firms have abused a tax strategy to avoid paying hundreds of millions of dollars in taxes, said the official, who spoke on the condition of anonymity because of the sensitivity of the probe. The practice involves converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.
Some tax experts who spoke to The New York Times, which first reported the investigation Sunday, believed the strategy was potentially illegal, though other experts said it was commonplace and proper.
The Democratic attorney general sent subpoenas to more than a dozen firms, including Kohlberg Kravis Roberts & Company, TPG Capital, Sun Capital Partners, Apollo Global Management, Silver Lake Partners and Bain Capital, according to the official.
A spokeswoman for Schneiderman declined to comment Sunday.
Bain has been a high-profile target of Democrats as they seek to portray Romney as someone willing to shutter businesses and lay off workers in pursuit of profit. Romney has said lessons he learned at Bain would help him as president to fix the economy and create jobs.
Though Romney collects benefits as a Bain retired partner, the inquiry isn't focused on the time he ran Bain.
The tax strategy of converting management fees into investments producing capital gains can be attractive because capital gains are subject to a federal tax rate of 15 percent, far less than the top rate of 35 percent for ordinary income. The "management fee waiver" strategy is widely used within the industry, the Times reported.
At least $1 billion in accumulated fees that otherwise would have been taxed as ordinary income for Bain executives had been converted into investments producing capital gains, according to Bain financial documents leaked online. Bain partners were able to save more than $200 million in federal income taxes and more than $20 million in Medicare taxes, according to the newspaper.
The attorney general's probe predates the leak of Bain documents.
The Internal Revenue Service has not ruled on whether the waiver strategy complies with tax law, and expert opinion varies.
Victor Fleischer, a University of Colorado law professor, told the newspaper he believed Bain had waived management fees into investments with so little risk that they would not qualify for the capital gains rate if challenged by the IRS. Some tax lawyers argued that the risk involved warrants the lower capital gains rate.
"They're risking their management fee ? they're giving up the right to that management fee in any and all events," said Jack S. Levin, a finance lawyer whose firm has represented Bain.
Though retired, Romney has had investments in some of the funds that documents show used the tax strategy, according to the Times.
The Romney campaign did not immediately comment to The Associated Press. The campaign issued a statement to the Times asserting Romney did not benefit from the practice.
"Investing fee income is a common, accepted and totally legal practice," said R. Bradford Malt, a lawyer who manages Romney's investments and trusts. "However, Governor Romney's retirement agreement did not give the blind trust or him the right to do this, and I can confirm that neither he nor the trust has ever done this, whether before or after he retired from Bain Capital."
Source: http://news.yahoo.com/source-ny-probing-equity-firms-including-bain-154036294--election.html
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Turn Any Laptop Into a Money-Saving Wi-Fi Hotspot For Your Hotel Room [Clever Uses]
These days, everyone travels with two or more internet-connected devices (e.g., your laptop and your phone), but many hotels still require you to pay exorbitant daily charges for each connection. Luckily, you can rectify this injustice by using your laptop as a turnkey wireless access point.
I've been traveling a lot recently, and I quickly got sick of paying an extra $15 per day to get my iPad or phone online. Luckily, as long as your room comes with an ethernet port, you should be able to use your laptop's wireless card to beam, rather than receive, an internet signal. This trick works like a charm, is incredibly simple to set up, and even saved me a few hundred dollars over the course of a few trips. To get you started, we've previously covered how to use your laptop as a wireless hotspot on Windows and OS X.
To get up and running, plug your laptop into the hotel-provided ethernet port and follow whatever steps your hotel requires to get online. Then follow the above-linked instructions to set up internet sharing, and don't forget to create a WPA key. In no time, you'll have a private Wi-Fi hotspot for all of your phones, tablets, and family members' laptops, all for the price of one connection.
Photo by Sercasey
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Saturday, September 1, 2012
Should managers be friends with their employees? | Professional ...
YES
Karen Shaw, Director of Employee Excellence and founder of Inner Communications therapy practice
We are social creatures by nature, and need to feel like we are part of something. Friendship is as important in the workplace as it is in other aspects of our lives. From intimate relationships with a partner, to friendships with your colleagues, all are based on the same set of core values: trust, respect, cooperation, collaboration, support, empathy and honesty. If you don?t have these values in a working relationship, how well are you going to work with your manager? If you don?t trust, respect and understand one another, or even like one another, teamwork and collaboration will be at best difficult and at worst completely undermined. Arguments, stress, tension and conflict all stem from a lack of mutual understanding and cooperation, and this is where employee engagement levels can plummet, along with performance levels.
It is the manager?s responsibility to get the best performance out of their employees for the company and the team. It is also the manager?s responsibility to protect the working relationship and maintain professionalism.
Being around people you relate to and trust makes this a lot easier. It is unlikely that any manager would employ anyone they believe would fall short of these values.
Professionalism isn?t threatened by friendship; in fact, it can be reinforced by it. Having signed a contract to be part of the company, employees know what is expected of them in the context of the working environment. To fall outside those expectations is to let the company and the manager down. Feeling connected with the company through friendship means employees are more engaged, more dedicated and more likely to go the extra mile for the company and for the people they count as friends.
Also, the workplace can reinforce friendships. Outside the office, the boundaries of a friendship are more fluid, and the relationship can sometimes be more complicated to maintain. In the workplace, the friendships you form are more structured ? you have a good idea of boundaries and simplify the relationship somewhat, which can actually lead to a very solid friendship foundation.
As a manager, it is up to you to use your discretion as to how friendly you should become with employees. Some working cultures are more formal and simply don?t allow the space or time for relationship building. You need not feel you have to be everyone?s ?buddy?. Often there will be individuals who, without causing conflict, are simply not comfortable with friendships in the office, and that should also be respected.
NO
Linda Hill and Kent Lineback, authors of Being the Boss: The Three Imperatives for Becoming a Great Leader
Remember the best coach or teacher you had growing up? Most likely, these professionals wanted the best for you. They wanted you to succeed, and they did all in their power to help you ? but they weren?t your friends. Your doctor doesn?t hesitate to put you through medically necessary discomfort and even pain. And you knew, and accepted, that your results in class would depend on your test scores, not what the teacher thought of you personally.
No one gets upset over these realities. It?s the nature of the relationships involved. So why should the manager-employee relationship be any different? It exists to serve a purpose external to the relationship itself, which is to accomplish defined work, just as the doctor-patient and teacher-student relationships exist for purposes other than the relationship. The relationship between friends exists for itself; it satisfies our human need for unqualified acceptance and support.
Such real friendship can and often does interfere with the purposes of other types of relationships. For the manager, it can distort decisions. An employee-friend might want ? or indeed expect ? a promotion for which another is better qualified in the manager?s opinion. If friendship is allowed to trump merit, the manager?s whole team and its work will suffer. That is why manager and employee cannot be real friends, at least in the course of the work they do together.
The phrase ?real friends? is important, for we distinguish between ?friends? and ?friendly?. In fact, we believe bosses should be cordial, caring and warm in all their relationships. They must want their people to succeed because all will ultimately rise or fall together.
We often get heated responses to this argument from people who seem to assume that any relationship other than friendship must be contentious, uncaring and impersonal. This is not the case. Recall your relationship with that coach, teacher, doctor or any other professional with whom you?ve worked closely. Most likely, it was not unfriendly. But it existed to serve a purpose ? purpose first, relationship second. In friendship, it?s the other way around.
Maintaining a warm but ultimately purpose-driven relationship requires discipline. Human chemistry will naturally pull some people together; friends often co-found companies, family members sometimes work together and a peer is sometimes promoted to manage former colleagues, including some who had become friends. In those situations, it?s best for those involved to discuss what the relationship is and what each can expect of the other. The alternative is to either terminate the work relationship or watch the friendship suffer and wither.
WHAT DO YOU THINK?
Let us know in the comments below, or email professionalmanager@managers.org.uk
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Editorial: Recent legal decision in Apple v. Samsung limits - UWIRE
Posted on31 August 2012.
The Apple v. Samsung verdict was a big win for Apple, but it was a loss for consumers.
During the trial, Apple argued that Samsung had violated several of its patents, including those covering the iPhone?s design, rounded-square icons and ?pinch to zoom? technology.
In his closing arguments, Apple attorney Harold McElhinny pointed to documents he said showed Samsung?s panic after the iPhone came out, according to The Verge. McElhinny said Samsung officials met with Google officials, who said Samsung phones were too similar in design to Apple?s, but Samsung officials did not change the design.
Lawyers for Samsung disagreed and said design for Samsung phones predated the release of the iPhone.
Samsung attorney Charles Verhoeven said: ?Your (the judge?s) decision, if you go Apple?s way, could change the way competition worse in this country ? Rather than competing in the marketplace, Apple is seeking a competitive edge in the courtroom,? according to CNET.
The jury agreed with Apple and said Samsung violated six patents. Samsung said it would appeal and criticized the decision, saying it would decrease competition in the market and be worse for the average consumer.
According to Businessweek, Apple on Monday listed eight Samsung smartphones it wants banned in the United States: Galaxy S 4G, Galaxy S2 AT&T, Galaxy S2, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge and Galaxy Prevail. U.S. District Judge Lucy Koh had already banned the Galaxy Tab 10.1 and said it violated a design patent.
The patents violated by Samsung, according to the jury from the case, ranged from software, to aesthetics, to outer shell design. Apple?s double-tap-to-zoom function when viewing documents worked similarly to Samsung models. Additionally, the ?bounce-back? feature that happens when users scroll beyond the edge of a page was mimicked. The third feature copied from Apple by Samsung, was the ability of Apple products to read multi-finger touches; previously devices could only read single-touch commands.
The icons on several Samsung phones, most notably the phone and clock buttons, were both similar in shape and design.
Apple had patented the overall shape of earlier generations of the iPhone, most notably the rounded back of the white iPhone. Lastly, the iPhone?s black colored, rounded-edged, square design had protection under Apple?s patents.
The consequences of this landmark verdict are numerous and many future innovations in the way of smart phones, not to mention consumer choices, are sure to be affected by this decision.
Though not the explicit point, the most immediate and literal translation of the trial will mean that smart phones and tablet computers will need to start looking different to avoid backlash from Apple. But thinking honestly and practically, how many ways can a phone look?
A rectangular phone with rounded edges is ergonomic and utilitarian. It fits into hands and slips into pockets. Any other shape would be senseless and any other edge seems to be going backward. True, as simple as the design protected may be, it is the property of Apple. But because Apple was able to win out as it did, consumers will probably see less product design crossover, meaning fewer cheaper models of products.
The other five patent violations, which are slightly more understandable, still point to a regression in smartphone technology.
Although we don?t understand several of the intricacies of patent law involved in the case, we do know it?s bad news for consumers. When Apple has a legal monopoly over intrinsic aspects of smartphone design and technology, consumers lose.
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Amazon Talks Up Android Appstore Growth Ahead Of New Kindle Fire Announcement
And Amazon?s pre-announcement PR onslaught continues. While the recent Kindle Fire leak may have ruined Amazon's big surprise, the online retail giant is still working to position itself as a hotspot for Android developers, and has just released some new stats about the growth of its Android Appstore to back up its claims.Source: http://feedproxy.google.com/~r/Techcrunch/~3/XsfZhTBWU1c/
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