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AMD Clumps Various Graphics Divisions as Radeon Technologies Group Under Koduri

AMD this Wednesday, announced a major internal re-organization, with the merger of its various visual computing divisions as a monolithic entity, called Radeon Technologies Group. It will be led by Raja Koduri as Senior Vice President. Koduri served as VP of the company's visual computing division. He will now report directly to CEO Lisa Su, and the various other graphics-related divisions (eg: professional graphics business, led by Sean Burke), will report to him. AMD's lucrative semi-custom business - the one responsible for SoCs that drive popular game consoles such as the Xbox One and PlayStation 4 - will also come under the unified Radeon Technologies Group.

"We are entering an age of immersive computing where we will be surrounded by billions of brilliant pixels that enhance our daily lives in ways we have yet to fully comprehend," said Lisa Su. "AMD is one of the few companies with the engineering talent and IP to make emerging immersive computing opportunities a reality," said Koduri, adding "Now, with the Radeon Technologies Group, we have a dedicated team focused on growing our business as we create a unique environment for the best and brightest minds in graphics to be a part of the team re-defining the industry."

Many Thanks to Dorsetknob for the tip.

AMD Radeon R9 Nano Review by TPU...Not

There won't be a Radeon R9 Nano review on TechPowerUp. AMD says that it has too few review samples for the press. When AMD first held up the Radeon R9 Nano at its "Fiji" GPU unveil, to us it came across as the most promising product based on the chip, even more than the R9 Fury series, its dual-GPU variant, and the food-processor-shaped SFF gaming desktop thing. The prospect of "faster than R9 290X at 175W" is what excited us the most, as that would disrupt NVIDIA's GM204 based products. Unfortunately, the most exciting product by AMD also has the least amount of excitement by AMD itself.

The first signs of that are, AMD making it prohibitively expensive at $650, and not putting it in the hands of the press, for a launch-day review. We're not getting one, and nor do some of our friends on either sides of the Atlantic. AMD is making some of its tallest claims with this product, and it's important (for AMD) that some of those claims are put to the test. A validated product could maybe even convince some to reach for their wallets, to pull out $650.

Razer Acquires OUYA Software Assets

Razer, a world leader in connected devices and software for gamers, today confirmed it acquired the software assets of OUYA, including its content catalog and online retail platform. The technical team and developer relations personnel behind OUYA, the leading Android game platform for the television, have joined the software team of Razer, the company additionally reported. Financial details of the transaction, which closed on June 12, 2015, were not disclosed.

"Razer has a long-term vision for Android TV and Android-based TV consoles, such as the Xiaomi Mi Box and Alibaba Tmall Box, to which OUYA already publishes," says Razer Co-Founder and CEO Min-Liang Tan. "OUYA's work with game developers, both triple A and indies, went a long way in bringing Android games to the living room and Razer intends to further that work. This acquisition is envisaged to usher more developers and content to the Android TV platform."

Apple Reports Record Third Quarter Results

Apple today announced financial results for its fiscal 2015 third quarter ended June 27, 2015. The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter's revenue. The growth was fueled by record third quarter sales of iPhone and Mac, all-time record revenue from services and the successful launch of Apple Watch.

"We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch," said Tim Cook, Apple's CEO. "The excitement for Apple Music has been incredible, and we're looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall."

"In the third quarter our year-over-year growth rate accelerated from the first half of fiscal 2015, with revenue up 33 percent and earnings per share up 45 percent," said Luca Maestri, Apple's CFO. "We generated very strong operating cash flow of $15 billion, and we returned over $13 billion to shareholders through our capital return program."

Intel Announces Leadership Changes

Today Intel Corporation's CEO, Brian Krzanich, announced a series of leadership and organizational changes in a message to employees. Intel President Renée James informed the board that she will be stepping down as President of Intel to pursue an external CEO role. She has agreed to stay at Intel until January in order to transition the Executive Office. In connection with today's news, James today distributed an employee message about her plans.

In addition, other leadership and organizational changes that are being made to streamline operations and better position Intel for growth include: Arvind Sodhani, President of Intel Capital, will retire in January after a distinguished 35-year career with the company. President of Mergers and Acquisitions Wendell Brooks will take an expanded role to also become President of Intel Capital. Merging these teams under one leader will allow clear focus across all investment opportunities for Intel.

On July 1, the Intel Security organization - formerly the independent McAfee division - was formally integrated into Intel operations under the leadership of General Manager Chris Young. This integration will deliver better technologies for our customers and more effective operations that enable Intel Security to advance the state of security across the industry.

Intel Announces Atom x3, x5, and x7 Series

Intel Corporation CEO Brian Krzanich today announced a series of mobile platforms including the company's new low-cost system-on-chip (SoC) for phones, phablets and tablets, a global LTE solution, innovative personal computing experiences, and a range of customers for mobile device and network infrastructure offerings. With technologies that span silicon, software and security, Krzanich said Intel was one of the few companies able to deliver solutions end-to-end, for devices, the network and the cloud.

The announcements include the Intel Atom x3 processor series, Intel's first integrated communications SoC solution for the growing value and entry device markets, and the five-mode Intel XMM 7360 LTE Advanced solution, designed for performance and worldwide coverage. In addition, Krzanich highlighted joint efforts with Alcatel-Lucent, Ericsson and Huawei to address the demand for new telecommunications, cloud and data center services, improve network efficiencies, and accelerate the industry's move toward a software-defined infrastructure.

Raptr Gamer-Community Service Hacked

If bad news from the green team covered last week, this week begins with one from the red. AMD's Gaming Evolved Raptr app, designed roughly along the lines of NVIDIA's GeForce Experience, but with an added Raptr gamer-community extension, is in trouble. Raptr CEO Dennis Fong, in an e-mail to its members, reported that the Raptr service has been hacked, and the attackers may have stolen details such as usernames, first- and last-names (names given during sign-up), e-mail addresses, and Raptr password hashes (without salt).

Fong maintains that thanks to Raptr's 2-step verification system, Raptr Reward Points held by compromised accounts shouldn't be affected. He asks all users to change their passwords, with new ones that are tough (mix of capital and small letters, numbers, and special characters). If your Raptr password is similar to passwords you used on other online services (eg: e-mail accounts), you must change them as well.

The letter follows.

Intel CEO Outlines Future of Computing

Intel Corporation today announced a number of technology advancements and initiatives aimed at accelerating computing into the next dimension. The announcements include the Intel Curie module, a button-sized hardware product for wearable solutions; new applications for Intel RealSense cameras spanning robots, flying multi-copter drones and 3-D immersive experiences; and a broad, new Diversity in Technology initiative, which includes a $300 million investment to encourage more diversity at Intel and within the technology industry at large.

"The rise of new personal computing experiences, intelligent and connected devices, and the wearable revolution are redefining the relationship between consumers and technology," said Brian Krzanich, Intel CEO. "Our goal with Intel technology is to help solve real problems and enable experiences that are truly desired by people and businesses. In order to do this, we must also do more to lead the growth of diversity and inclusion within the technology industry. Women and under-represented minorities will continue to play a greater role as consumers, influencers, creators and leaders."

AMD Appoints Dr. Lisa Su as President and Chief Executive Officer

AMD today announced that its board of directors has appointed Dr. Lisa Su as president and chief executive officer and member of the board of directors, effective immediately. Dr. Su, 44, succeeds Rory Read, 52, who has stepped down as president and chief executive officer, and member of the board of directors, as part of a transition plan. Read will support the transition in an advisory role, remaining with the company through the end of 2014.

"Leadership succession planning has been a joint effort between Rory and the board and we felt that Lisa's expertise and proven leadership in the global semiconductor industry make this an ideal time for her to lead the company," said Bruce Claflin, chairman of AMD's board of directors. "The board looks forward to continuing to work with Lisa and the rest of the senior management team to build on the company's momentum. I would also like to thank Rory for his many accomplishments and contributions positioning AMD for long-term success by helping to create a strong foundation and clear path to re-establish the company's growth and profitability."

Microsoft Announces Board Changes and Quarterly Dividend Increase

Microsoft Corp. on Tuesday announced that Teri List-Stoll, executive vice president and chief financial officer of Kraft Foods Group Inc., and Charles W. Scharf, chief executive officer of Visa Inc., have been appointed to the company's board of directors and will join the board effective Oct. 1, 2014. The company also announced that Dave Marquardt and Dina Dublon have decided not to seek reelection to the board of directors and will retire from the board at the expiration of their current term following the annual shareholders meeting in December.

Microsoft also announced its board of directors declared a quarterly dividend of $0.31 per share, reflecting a 3-cent, or 11 percent, increase over the previous quarter's dividend. The dividend is payable Dec. 11, 2014, to shareholders of record on Nov. 20, 2014. The ex-dividend date will be Nov. 18, 2014. "As we continue to focus on the company's transformation and the board continues to evaluate capital strategy options, this dividend increase is another step in our ongoing commitment to increase capital returns to shareholders," said Amy Hood, chief financial officer of Microsoft.

Microsoft Board Names Satya Nadella as CEO

Microsoft Corp. today announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately. Nadella previously held the position of Executive Vice President of Microsoft's Cloud and Enterprise group.

"During this time of transformation, there is no better person to lead Microsoft than Satya Nadella," said Bill Gates, Microsoft's Founder and Member of the Board of Directors. "Satya is a proven leader with hard-core engineering skills, business vision and the ability to bring people together. His vision for how technology will be used and experienced around the world is exactly what Microsoft needs as the company enters its next chapter of expanded product innovation and growth."

GLOBALFOUNDRIES Announces New Chief Executive to Lead Next Phase of Growth

Building on the successful track record of its first five years in the semiconductor industry and its continued commitment to build out its global network of manufacturing facilities, GLOBALFOUNDRIES announced today, from its new offices in Silicon Valley, Sanjay Jha has been appointed as the company's new Chief Executive Officer. Jha has served as CEO of Motorola Mobility Inc. and as the COO of Qualcomm Inc.

Ajit Manocha, who served as an advisor to the company's shareholder prior to being appointed CEO of GLOBALFOUNDRIES in mid-2011, will return to that role and will work closely with Jha on his transition.

Acer Appoints Jason Chen as Corporate President and CEO

Acer announces the appointment of Jason Chen as Corporate President and CEO from January 1st next year. Taking the important role of leading Acer through its corporate transformation, Chen is currently the senior vice president of Worldwide Sales and Marketing at Taiwan Semiconductor Manufacturing Company (TSMC). The resolution was approved by Acer's board of directors today.

Acer Chairman Stan Shih said, "Jason is an excellent manager with extensive management experience and proven execution capability. Acer's search committee met with him on several occasions for in-depth dialogue and exchange of views. We consider him to be the ideal executive to lead our transformation with his wealth of new thinking, international perspective, and willingness to face this challenge. Moreover, he shares the consensus on our strategy and development for Acer's future."

Acer Board Elects Stan Shih as New Chairman and Interim Corporate President

Acer announces that its Board of Directors has elected the company founder, Stan Shih, as Chairman and interim Corporate President with immediate effect. Shih shall serve as Acer's Chairman until the end of his term on the Board. Chairman & CEO J.T. Wang and Corporate President Jim Wong have both stepped down in light of the company's recent performance. The Company will hand over the Corporate Presidency to the appropriate candidate as soon as possible.

Despite their resignations, reluctantly accepted by the Board, both J.T. Wang and Jim Wong have committed to remain with Acer as advisors to ensure a smooth transition and transfer of the management team and to help the company back to stability.

OCZ Technology Reports Results for Its First Quarter of Fiscal 2014

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, reports its first quarter (Q1'14) results which ended on May 31, 2013. "Revenue generated from our enterprise solutions for the first quarter more than doubled compared to the last quarter, and drove the sequential gross margin increase. Overall revenue declined about 20% sequentially, primarily due to the lack of NAND flash supply for our client SSD products," said Ralph Schmitt, CEO of OCZ Technology.

"Over the past year we have restructured the Company, which included the appointment of new leadership, reduced operating expenses, streamlined our product offerings, realigned our engineering talent, and introduced new controller silicon and firmware, new higher-end SSDs for the client market and new storage solutions for the enterprise market," added Schmitt. "Fiscal Q1 is the first quarter in which the company operated with all these particular restructuring and restatement adjustments behind us."

Microsoft CEO Steve Ballmer to Retire Within 12 Months

Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.

"There is never a perfect time for this type of transition, but now is the right time," Ballmer said. "We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. My original thoughts on timing would have had my retirement happen in the middle of our company's transformation to a devices and services company. We need a CEO who will be here longer term for this new direction."

Former ARM CEO Joins Micron's Board of Directors

On the 17th of July, Micron Technology announced the appointment of Warren East to the company's Board of Directors, effective immediately. East served as CEO of ARM Holdings PLC from October 2001 to July 1, 2013. "We are extremely pleased to welcome Warren to our Board of Directors," said Micron CEO Mark Durcan. "Warren transformed ARM during his tenure as CEO, and we are confident his contributions will strengthen our board."

East, who also serves as director of De La Rule PLC, joined ARM in 1994 and later became Vice President of Business Operations. Within three years, he was appointed to the Board as Chief Operating Officer. Prior to ARM, East was with Texas Instruments. "I appreciate the opportunity to serve with the Micron team," said East. "With the acquisition of Elpida, Micron is well-positioned to be a growing, dynamic leader in semiconductor memory and a critical contributor to the success of customers in the storage, mobile and computing markets." East is a chartered engineer, Distinguished Fellow of the British Computer Society, Fellow of the Institution of Engineering and Technology, Fellow of the Royal Academy of Engineering and a Companion of the Chartered Management Institute. He earned bachelor and master degrees in Engineering Science from Oxford University and an MBA and honorary doctorate from Cranfield University.

NVIDIA Appoints Former PepsiCo. Exec Dawn Hudson to Its Board of Directors

NVIDIA announced today that it has named Dawn Hudson, former CEO of PepsiCo's $6 billion North American beverage business and a veteran product-marketing executive, to its board of directors. Hudson, age 55, is vice chairman of Parthenon Group, an international strategy consulting group. Until 2009, she spent 11 years at PepsiCo in top marketing, strategy and management roles.

Previously, she spent 13 years in marketing, advertising and branding strategy, holding leadership positions at major advertising agencies, including DMB&B (D'Arcy Masius Benton & Bowles) and Omnicom. "We are delighted to have Dawn join NVIDIA's board of directors," said Jen-Hsun Huang, president and chief executive officer, NVIDIA. "She has been a senior executive at one of America's great companies and has extensive experience as a company director." Hudson has served on the boards of Lowe's Home Improvement Co. for 12 years; Allergan Inc. for five years; and Interpublic Group of Companies, Inc. for two years. She has a bachelor's degree from Dartmouth College. Her appointment expands NVIDIA's board to 10 members.

OCZ Technology Group Updates Investors on Restatement Progress

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) and power management solutions for computing devices and systems, is updating investors on its restatement process.

"We know that our restatement efforts are top of mind for all investors. This process has taken longer than we expected due to a number of items. Complexity of the transactions, as well as resource issues, were the main drivers for the additional time needed. Rafael Torres, our new CFO, joined us in late March with significant restatement experience and has filled key financial leadership positions and improved the technical depth of the finance organization," stated Ralph Schmitt, CEO of OCZ Technology. "Through these improvements, we have implemented a more rigorous review process that has also resulted in the identification of additional restatement items that have taken some time to review, document and conclude on. Taking these items into account, we believe that we are on track to becoming current with our SEC filings before the end of August."

Aerocool Introduces the New Gaming Case VS-92 Under PGS-V Series

Aerocool Advanced Technologies Corp., one of the world leading manufacturers of gaming PC gear, expands its value gaming series "PGS-V" by introducing the new Vs-92 chassis. "PGS-V labeled products target gamers, who are looking for the very best possible cost to performance ratio when choosing their gears", - says Tony Lin, Aerocool Advanced Technologies CEO.

Vs-92 offers a big variety of features packed into a great looking chassis for a reasonable price. Special eye-catcher is the front panel with it's all mash-design, the yellow PGS V badge in the center, the nicely implemented I/O panel with power and reset buttons. Up to date connectivity is assured thanks to one mic, one headphone and two USB 3.0 connectors that can be conveniently plugged-in directly into the motherboard using header-pin connectors. Right below the I/O panel is a small VF-Display, which is informing the user about the current system temperature inside the PC case. Conventional air-coolers with a height of up to 158 mm can be mounted more easily thanks to the back-plate mounting area in the motherboard-tray. In addition, users with water-coolers are able to utilize the pre-drilled cable-ducts and mount radiators (2 x 120 or 2 x 140) in the top panel, or the side panel in case of the mesh edition. When choosing the Vs-92 as Window Edition, a black window is attached to the side panel, allowing insight on the built-in hardware.

Intel Board Elects Brian Krzanich as CEO

Intel Corporation announced today that the board of directors has unanimously elected Brian Krzanich as its next chief executive officer (CEO), succeeding Paul Otellini. Krzanich will assume his new role at the company's annual stockholders' meeting on May 16.

Krzanich, Intel's chief operating officer since January 2012, will become the sixth CEO in Intel's history. As previously announced, Otellini will step down as CEO and from the board of directors on May 16.

Intel Reports First-Quarter Revenue of $12.6 Billion

Intel Corporation today reported first-quarter revenue of $12.6 billion, operating income of $2.5 billion, net income of $2.0 billion and EPS of $0.40. The company generated approximately $4.3 billion in cash from operations, paid dividends of $1.1 billion, and used $533 million to repurchase 25 million shares of stock.

"Amidst market softness, Intel performed well in the first quarter and I'm excited about what lies ahead for the company," said Paul Otellini, Intel president and CEO. "We shipped our next generation PC microprocessors, introduced a new family of products for micro-servers and will ship our new tablet and smartphone microprocessors this quarter. We are working with our customers to introduce innovative new products across multiple operating systems. The transition to 14nm technology this year will significantly increase the value provided by Intel architecture and process technology for our customers and in the marketplace."

Amped Wireless Introduces Industry's Smallest Powerline AV Network Adapter

Amped Wireless, the leading manufacturer of high power, long range wireless communication products for the home and office, today announced the PLA2 Powerline Nano AV500 1-Port Network Adapter Kit to allow consumers to extend Internet and network access to any room using existing power outlets. The Powerline AV500 standard provides speeds of up to 500 Mbps* and includes a pass-through power outlet on each adapter. The PLA2 kit includes two paired Powerline Network Adapters.

"At Amped Wireless, we strive to provide a complete solution for our customers' network extending needs. With that said, we realize there are certain scenarios where Wi-Fi may not be the best solution. For example, thick walls made with metal or concrete may interfere with Wi-Fi signals. Powerline provides an ideal, plug-and-play solution for these types of situations and can be used to easily connect A/V devices or game consoles. It can also help extend a Wi-Fi signal by pairing a Powerline adapter with our award-winning High Power Wi-Fi Access Points," said Jason Owen, president and CEO at Amped Wireless.

OCZ Technology Investigation Substantially Complete, Plans Restatement of Financials

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that the Audit Committee's investigation, assisted by third party legal and financial advisors, has been substantially completed and a preliminary report has been provided to the Audit Committee. While there continue to be various matters requiring further investigation, the Company believes they will be concluded shortly. The Audit Committee has approved this report and, in consultation with management, concluded that the Company should restate the results for the first quarter of fiscal 2013, as well as the results for certain quarters of fiscal 2012 and for the fiscal year 2012.

The restatements primarily relate to the timing of revenue recognition, the classification of certain customer incentive costs and for the level of reserves for product returns. The number of prior periods affected and the impact of the adjustments will be disclosed in more detail in the Company's restated financial statements, which will be provided as soon as practical. The Board and management are in discussions with Crowe Horwath LLP, the Company's independent auditors regarding the matters identified in the investigation.

Promise Announces Pegasus J2 Is World's Fastest Thunderbolt Storage for Windows

PROMISE Technology Inc., a leader in providing high-performance storage solutions for the rich media market and the leader in designing cutting-edge Thunderbolt enabled devices, is proud to announce creative professionals and power users on PCs can now leverage the unparalleled performance of the award-winning Pegasus J2 to power them through their creative projects. The ultra-portable PROMISE Pegasus J2, one of the first storage devices with Thunderbolt technology to be certified for PC by Intel Corporation, can deliver up to 750 MB/s of performance, yet it's pocket-sized, enabling users to harness high bandwidth to transfer, playback, or edit media directly from the Pegasus J2 from anywhere.
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