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SEOUL, Sept. 7 (Yonhap) — South Korea’s exports of information technology (IT) products shrank from a year earlier for the second straight month in August largely on lower global prices, the government said Wednesday.
The country exported US$13.06 billion worth of IT products last month, down 2.4 percent from $13.39 billion in the same month last year, according to the Ministry of Knowledge Economy.
The country’s trade surplus in the IT sector dwindled from slightly over $7 billion last year to $5.97 billion as its IT imports surged 11.2 percent on-year to $7.1 billion.
In the first eight months of the year, South Korea shipped $99.75 billion worth of IT products, up 34.7 percent from the same period last year.
“Overall exports dropped in August due to a drop in prices of some products, including computer memory chips and display panels, but exports of mobile phones jumped 10.2 percent to $2.07 billion amid improving competitiveness of smartphones by local manufacturers,” the ministry said in a press release.
South Korea became the world’s largest manufacturer and exporter of smartphones in the second quarter of the year with a 23.1 percent share of the global market, and also the world’s largest supplier of all mobile phones with a 24 percent global market share in terms of monetary value, it said.
Friday, September 23, 2011
Brightbridge Wealth Management Headlines: New Patents From Google Shore up HTC’s Defenses
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Armed with new patents transferred from Google, HTC has filed a new lawsuit against Apple and amended two previous legal complaints.
HTC filed the new lawsuit against Apple Wednesday in the U.S. District Court for the District of Delaware. HTC accuses Apple of infringing four patents in a range of products and services including Macintosh computers, iPhones, iPods, iPads, iTunes, MobileMe and iCloud.
The four patents were originally assigned to Motorola but were all transferred to Google either late last year or early this year. Then, last week, all four patents were transferred to HTC.
HTC did not respond to questions about whether it bought the patents from Google or if Google gave it the patents.
In addition, HTC on Wednesday amended its complaint against Apple with the U.S. International Trade Commission (ITC) to assert five former Google patents. Those patents originated with Palm and Openwave, were transferred to Google and last week were transferred to HTC.
HTC also amended another previous suit, filed in Delaware, to add the new patents to that complaint.
HTC’s new complaints are the latest in an ongoing battle with Apple, which has attacked several Android licensees in court. The disputes are an indication of just how competitive the mobile phone market has grown. Apple and Android have the largest market shares in the mobile market in the U.S.
In July, the ITC issued an initial determination that HTC infringed two Apple patents. The ITC has also agreed to investigate a separate complaint against HTC filed by Apple and is investigating an HTC complaint against Apple.
HTC has had a relatively weak patent portfolio compared to its competitors. Having access to the new patents from Google could help it shore up its defenses in its disputes with Apple.
In addition to the HTC lawsuit, Apple has filed suits against Samsung and Motorola. It has instigated the banning of Samsung tablets in Australia and Europe.
Tuesday, August 30, 2011
Brightbridge Wealth Management Headlines: Investors fear stock markets haven’t hit bottom
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The Dow closing down 512.76 points to 11,383.68 will rank as one of the Top 10 worst single-day point drops in the stock index’s history, and has left many financial experts asking if the worst is yet to come.
Some analysts are questioning whether Wall Street’s expectations for corporate earnings for the third quarter are too high and may have to be pulled back. If that happens, it could be a wave of negative news that drives stocks down lower.
Bruce McCain, chief investment strategist at Key Private Bank, told MarketWatch that investors are worried about how to “get out of this roller coaster of the relentless onslaught of bad news.”
“We’re just worrying ourselves to death,” McCain told the online news site.
Bill Stone, chief investment strategist atPNC Financial Services Group , told the Associated Press that investors continue to be bombarded by worries about the global economy.
And Sam Stovall, chief investment strategist at Standard & Poor’s , told the New York Times that stock markets are now in correction mode, and that there could be “another couple of weeks to go before it bottoms.”
Brightbridge Wealth Management Headlines: Google cuts deal for Dealmap
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Can I get a discount for some Groupon envy treatment?
Google has acquired Dealmap, a California-based startup that will fuel Mountain View’s efforts to mimic Groupon.
Launched in May 2010, Dealmap aggregates “daily deals” from hundreds of sources, and according to the company, its various services are now used by over 2 million people.
“We are impressed with what The Dealmap team has accomplished and excited to welcome them to Google,” Google said in a statement shared with various news outlets. “We’ve been thrilled with the early success of our commerce offerings, and we think they can help us build even better products and services for consumers and merchants.”
Terms of the deal were not disclosed.
Google recently rolled out its own daily deals service, Google Offers, after apparently failing in a bid to purchase Groupon, the poster child of the online daily deals services. Google Offers was first launched in Portland, and it has since expanded to New York and San Francisco. Presumably, Dealmap will be rolled into the Offers effort.
Brightbridge Wealth Management Headlines: Apple unveils iCloud pricing, launches developer preview
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Apple’s new iCloud service will allow iPhone, iPod touch, and iPad users running iOS 5 and up to store their music, contacts, documents, and other data online. The service will also store a history of apps you download from the App Store and media you purchase from iTunes, allowing you to re-download items at any time.
Today Apple opened up iCloud to developers. If you have a developer account you can login atiCloud.com to kick the tires. In addition to online storage, the service provides a free “find my phone” feature which shows your phone’s physical location on a map, and a suite of web apps for email, calendar, and iWork, allowing you to view documents from your iOS device.
9 to 5 Mac has posted a series of images. Overall, the web apps look an awful lot like iPad apps, which is probably a good thing if you’re used to using iWork, Mail, and other apps on an iPad. On the other hand, if you’re not using a touch-enabled computer, the iPad look and feel might be a bit of overkill.
Users will get 5GB of storage for free, and anything purchased from iTunes doesn’t count against that limit. But if you need more space, Apple announced today that you can get an extra 10GB of data for $20 per year, 20GB extra for $40 per year, or 50GB extra for $100 per year.
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