Thursday, April 25, 2013

Samsung's official Q1 earnings show $6.4 billion in net profit

Samsung Electronics has released its Q1 2013 numbers and as it predicted a few weeks ago, business continues to boom. Operating profits are 8.78 trillion won as predicted, while net profit is up to 7.15 trillion won ($6.4 billion), up sharply from the same quarter last year when its net profit was 5.50 trillion won. Last year at this time we were still anticipating details on the Galaxy S III, but this time around Samsung is on the eve of its worldwide launch for the Galaxy S 4, which should push sales even higher. According to the documents, it's maintained a "steady pace" for Galaxy S III sales, while Note II sales increased and the Tab2 series increased momentum. The news isn't as good for PCs, shipments decreased due to weak demand. earnings in its TV business were also down from last quarter, blamed on the same lower overall market demand noted by LG in its earnings. We're listening in on the earnings call now, we'll have more information on just how it made all that cash (hint: lots of Galaxy phones) in a moment.

Developing...

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Source: Yonhap, Bloomberg, Reuters, Samsung (PDF)

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/pkQygMFhJoo/

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AT&T revenue disappoints as it loses cellphone subscribers

By Sinead Carew

NEW YORK (Reuters) - AT&T Inc reported a net loss of cellphone subscribers in the first quarter as it lost market share to bigger rival Verizon Wireless, sending its shares down about 2 percent.

As a result AT&T's revenue missed Wall Street expectations as its subscriber growth was driven by tablet computer users who pay lower monthly fees than phone users.

Since most U.S. consumers already have smartphones, the No. 2 U.S. mobile service provider and its rivals are rushing to put wireless connections in everything from tablet computers and consumer electronics to medical devices and home security systems.

But while customers with devices like tablets are less costly to attract than smartphone users, which require hefty subsidies, tablet customers bring in less revenue, raising analyst concerns about AT&T's prospects for top-line growth.

"It's going to take so many connected devices to make up for losing a phone subscriber," said Nomura analyst Michael McCormack, adding that slowing phone customer growth is also a concern for smaller rivals such as Sprint Nextel and T-Mobile USA, a unit of Deutsche Telekom.

AT&T maintained its target for 2013 overall revenue growth of 2 percent and said it still expects net additions of phone customers for the full year due to a boost in sales in launch quarters for popular phones like Apple Inc's iPhone.

But Susan Johnson, senior vice president for investor relations, said other devices would be increasingly important.

"It's not just about smartphones any more," Johnson told Reuters in an interview on Tuesday after the company's quarterly conference call during which analysts peppered executives with questions about the net loss of phone customers.

AT&T said it added 296,000 subscribers in the quarter, ahead of Wall Street expectations for just over 195,000, according to six analysts contacted by Reuters. But this included a net addition of 365,000 subscribers using tablet computers, implying a net loss of 69,000 higher-value phone subscribers.

In comparison its bigger rival Verizon Wireless, a venture of Verizon Communications and Vodafone Group Plc, said last week that it added 677,000 subscribers in the first quarter.

Sprint, the No.3 U.S. mobile service provider, is scheduled to report its quarterly earnings on Wednesday.

Nomura's McCormack said AT&T's 0.9 percent growth in average monthly revenue per user (ARPU) missed his expectation for 1.9 percent growth.

"The concern's going to be how we should be thinking about ARPU going forward," the analyst said.

AT&T's revenue fell to $31.36 billion from $31.82 billion in the year-ago quarter, before the company sold its telephone directory business. Analysts, on average, had expected revenue of $31.74 billion, according to Thomson Reuters I/B/E/S.

While AT&T's wireless profitability was better than analysts expected, McCormack said that a 29.5 percent profit margin for its wireline business missed his expectation for 30.4 percent.

AT&T Chief Financial Officer John Stephens told analysts on the conference call that the wireline business was hurt by weak demand from business and customers who are slowing spending due to concerns about the economy.

"The economy continues to be the issue," Stephens said.

AT&T's overall profit rose to $3.7 billion, or 67 cents per share, from $3.58 billion, or 60 cents per share, in the year-ago quarter.

It reported a wireless service margin of 43.2 percent based on earnings before interest, taxes, depreciation and amortization, up from 42.3 percent in the year-ago quarter and beating the six analysts' expectations for 42.3 percent.

On the plus side AT&T cut its capital spending target for 2014 and 2015 to $20 billion each year from its previous expectation for $22 billion as a network upgrade it is working on will cost less than it had previously expected.

The company kept its capital spending budget for 2013 in the $21 billion range.

It ended the quarter with 8.7 million U-verse high-speed Internet and television subscribers. It added 731,000 U-verse Internet subscribers, which was a record for the company, and 232,000 U-verse TV subscribers - its strongest growth rate in nine quarters.

AT&T shares fell about 2 percent to $38.24 in after-hours trade from their $39 close in the regular New York Stock Exchange session.

(Reporting by Sinead Carew; Editing by Jim Marshall, Tim Dobbyn and Phil Berlowitz)

Source: http://news.yahoo.com/t-revenue-disappoints-loses-cellphone-subscribers-002301192--sector.html

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Video chat and messaging service Viber is the cause of a recently discovered lock screen vulnerabili

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Assemblyman Proposes New California College System

A California assemblyman has an ambitious plan to found a fourth system of higher education in California. The New University of California is proposed in addition to the existing University of California, California State University, and California Community College systems. This New University would not actually offer classes but instead, would award degrees based on one's abilities in a skill or subject.

Details of the Bill

Bill AB 1306 was proposed by Republican Assemblyman Scott Wilk from Santa Clarita, who wants to make college more accessible to Californians. The goal of the proposed university would be to allow students to gain the required knowledge via online courses or any other source before taking a university-administered exam. Upon passing, the student would receive credit for the course, and with enough credit, the appropriate degree could be conferred. "This bill would allow students to use whatever approach works best for them to obtain the knowledge needed to receive a college education, whether that is online courses, paid courses, or self-directed study," said a statement from Wilk's office.

Possible Effect on Education Costs

The cost of education under this proposed plan would be greatly lowered, as students would only be required to pay an examination fee, as well as a few minimal administration fees in order to receive credit and a degree. The costs of public education have risen in California, with UC in-state tuition topping $13,000 per year, CSU tuition at $7,000, and even California Community College tuition above $1,000 per year for the first time in history. The New University of California system could significantly lower the cost of obtaining a college degree.

The New University of California would be organized in a manner similar to the University of California, with a board of 11 trustees and a chancellor. Exam development would likely be contracted to other organizations and would hopefully follow other pre-established exam criteria. The bill was introduced in February and will go before the Committee on High Education for hearings on April 23.

Ignoring Bigger Problems in Education?

Although no definitive statements have been made by lawmakers or prominent educators, several students at the University of California have expressed their trepidation over the creation of such a university system. ASUC Senator and CalSERVE external affairs vice presidential candidate Nolan Pack told The Daily Californian, "I think the problem is that, while there may be arguments saying that it is cheaper, it circumvents the problem that we are not currently funding our higher education system to where it should be."

While it would provide cheap education, the New University potentially circumvents the problems the current California education system is having. Underfunding and misappropriation of funds are just some of the many issues plaguing the various higher education systems in the state.

Source: http://news.yahoo.com/assemblyman-proposes-california-college-system-193800877.html

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Video: AP's Twitter Hacked, Who Did It?

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Source: http://www.nbcnews.com/video/cnbc/51647762/

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KEF introduces M Series headphones bred from HiFi speaker know-how

DNP

Mostly known for its extravagant speaker systems, KEF is finally taking a whack at ear gear. Today, the company announced two new types of HiFi headphones, known as the M Series, which include a pair of on-ear cups (M500) and a set of in-ear buds (M200). Priced at $300, the M500 sports a full aluminum frame and sweat resistant padding, along with a 10mm driver for lows and a 5.5mm driver for mids and highs in each earcup. If enclosed head gear isn't your thing, the $200 M200 offers an aluminum housing and a pair of silicone ear tips with an adjustable arm for improved comfort. Like their pricer sibling, these earphones also feature a dual-driver system. While we've yet to spend time with the M500 or M200, their press pictures and specs aren't too shabby. Call it a hunch, but we doubt they'll need any celebrity endorsements. For more info on KEF's new headphone line, hit the presser after the break.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/JcphhTKLM30/

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Please Don?t Spill Your Child's Snacks All Over the Playground

Children in Midland, Texas play in Cowden Park, September 4, 2000.

One child's playground snack can cause anaphylaxis in another.

Photo by Joe Raedle/Newsmakers/Getty Images

Spring came to St. Louis a little later this year than it usually does, and the playgrounds where I go with my children are finally overrun with joyful kids. They?re also overrun with food. Other parents may not notice that fact, but I do: My 2-year-old daughter, Claire, is allergic to peanuts, tree nuts, eggs, and dairy, and many common playground snacks would be dangerous to her if she ate them.

I don?t think it?s an overstatement to say that allergic families live in a parallel universe in which what is harmless to everyone else requires extreme vigilance from us. In the months after Claire?s diagnosis, my relationship to food changed so much that I felt as if I had woken up one day, still living in the same country I'd always lived in, but that I could no longer speak the language. Around other families?at a picnic for my husband?s colleagues and their families, for example?when I watched other children handle food, I felt like they were holding tiny snakes. Maybe the snakes were poisonous and maybe they weren?t; maybe they?d escape, and maybe they wouldn?t. But this is the comparison that?s ultimately stayed with me: Being the parent of a child with food allergies is like someone suddenly telling you the colors orange and gray are harmful to your child. I can guarantee that you'd soon realize orange and gray are everywhere.

On a recent afternoon trip to the playground, I noticed the Goldfish crackers first. They were sprinkled, some already crushed to a powder, between a climbing toy and the swing set?presumably a snack that some kid had spilled. When we got home, my husband told me he?d also seen an almond by one of the slides. The next weekend, at a different playground, two open containers of melting milkshakes sat on the miniature metal picnic table, and leftover Easter candy dotted the mulch. After my 4-year-old daughter, who doesn?t have allergies, kept trying to surreptitiously pocket little chocolates, I finally picked them up with a tissue?I didn?t know if they contained nuts?and threw them away myself.

One of the first things that I realized after Claire?s allergies were diagnosed, shortly before her first birthday, was that I had to accept the fact that the world is full of people who just ate a peanut-butter sandwich and didn?t wash their hands. There?s a lot I can?t control. But I am hopeful that if parents of nonallergic kids had a better understanding of how scary their children?s ostensibly harmless snacks are, they might act differently.

So here is my plea: If your child snacks at the playground, please don?t let her run around while she?s eating. Please don?t leave the food unattended and accessible to other kids. If your child spills, help her clean it up. And after she?s finished, please use wipes to wash her hands, not antibacterial gel; hand sanitizer doesn?t kill the proteins in most foods that cause allergic reactions, and tiny amounts of such proteins can literally be lethal.

How much of a threat does, say, a little boy munching yogurt-covered pretzels really pose to Claire? The biggest risk, of course, is that she?ll get hold of one and eat it, which would likely cause her to break out in hives; my great fear, the great fear of any parent of an allergic child, is that it would result in fatal anaphylaxis. (Among the many confusing aspects of food allergies is that previous reactions aren?t necessarily predictors of subsequent reactions in terms of severity.) Claire also has a contact reaction to dairy, meaning that her skin breaks out in a rash in the places where dairy has touched it without her having ingested any. If I thought the chances of any of these reactions occurring were truly high, I wouldn?t take Claire to playgrounds in the first place. But still, whenever allergenic food is present, it?s nerve-wracking.

The eight most common allergens, accounting for as many as 90 percent of all allergies, are peanuts, tree nuts, milk, egg, wheat, soy, fish, and shellfish. As every parent of an allergic child knows, these ingredients hide in surprising places?there can be milk in potato chips, say, and manufacturers often make dried fruit on the same equipment with nuts?and I don?t think it?s realistic to expect people to pore over ingredient labels if they don?t need to. That?s why my preference would be for kids to avoid eating food at playgrounds altogether, but I understand this possibility is probably about as likely as my laundry washing itself or me having a moms? night out with Tina Fey and Amy Poehler. If you do bring snacks, something like fresh fruit is statistically less likely to cause problems than donuts or cheese sticks?though of course statistics aren?t much comfort to the dad of a kid who?s allergic to strawberries. ?

If I seem here like a particular kind of parent?a fussy, hovering, self-righteous priss?let me say this: I kind of am. But the fact that we live in the Age of the Irritating Parent shouldn?t be conflated with the rise of allergies. According to the advocacy organization Food Allergy Research and Education, 1 in 13 American children under age 18 now has a food allergy, as does 1 in 10 preschoolers. The food-allergy rate in the U.S. rose 18 percent between 1997 and 2007. It?s true that I happen to be a neurotic mom. It?s also true, as demonstrated by skin tests, blood tests, food challenges in the doctor?s office, and accidental exposures, that my daughter has a serious medical condition.

So the fact that I wish parents wouldn?t let their newly walking toddler stagger around the sandbox with that sloshing sippy cup of milk or their 7-year-old practice his throw with Ritz Bits?I promise it?s not that I?m trying to tell them how to raise their kids. They probably just want to keep them fed to prevent a meltdown, which I sympathize with. (For the same reason, we bring fruit squeezers for the ride home.) And I wouldn?t presume to instruct parents what to do at their own house. You do not need to bake and serve a vegan cake at a birthday party. (Claire brings her own cupcake.) I realize all bets are off at a restaurant, which is why our family doesn?t go to them. But in the communal space of a playground, food isn?t the main attraction.

Many times since I became a mother, I?ve been struck by the effortless bonding among parents. On an airplane when Claire was about 7 months old, she had a disgustingly messy diaper on a bumpy flight during which passengers weren?t supposed to get up from their seats. The woman next to me, rather than holding her nose and glaring, offered to hold Claire?s head and torso while I changed her. As it happens, the woman didn?t speak fluent English, but she managed to convey that she, too, had a daughter.

It is this spirit of generosity and compassion that I hope to appeal to in persuading parents to handle food at playgrounds more carefully.? Obviously, the circumstances of our lives vary widely, but all of us with children are trying in our own best way to look out for them. The next time you bring food to the playground, please think about what you would hope other people would do if your child was in Claire?s situation.

Update, 3:52 p.m.: This article's headline was changed from "Please Don't Bring Snacks to the Playground" to more accurately reflect its overall argument.

Source: http://feeds.slate.com/click.phdo?i=a85a02bacc92d8c8c94566cee3fa3102

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