Apple purchases Color Labs’ talent base for indeterminate price

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Date: Friday, October 19th, 2012, 08:05
Category: Finance, News, Software

Your favorite computer company bought up the talent, not the office supplies (including the trusty coffee maker)

Per All Things D, Apple didn’t buy social video startup Color, but it did acquire its engineering team of about 20 employees for as much as $5 million.

Disputing a rumor that surfaced on Wednesday claiming that Apple had bought Color, Liz Gannes of All Things D revealed on Thursday that Apple instead “acquired” Color’s engineering team. The employees were said to have been picked up for somewhere between US$2 million and US$5 million.

That would mean that earlier claims that Apple had bought Color for “double-digit millions” were incorrect. Instead, Apple made a relatively small talent acquisition of about 20 personnel.

“Apple is not buying Color’s technology, intellectual property, domain names or liabilities,” Gannes said. “Those are being left with the company, which still has considerable cash in the bank — something like US$25 million — and is going to be wound down.”

A flurry of rumors and misinformation related to Color were attributed to “bad blood” that has apparently formed between Color employees, company CEO Bill Nguyen, ex-employees, investors, and even Apple itself.

Founded by Bill Nguyen and Peter Pham in 2011, Color Labs was at the center of some controversy after netting US$41 million in a pre-launch funding round, a massive investment compared to the usual US$1 million in seed money seen by most comparable start-ups. The company released a photo-sharing app, though the initiative failed to draw users, prompting Pham to exit three months after launch and Chief Product Officer DJ Patil to do the same one month later.

Nguyen changed strategies and created a new video-sharing app that allows users to record and post 30-second silent video to Facebook, a direction that netted Color a deal with Verizon in May.

Stay tuned for additional details as they become available.

Analyst predicts Apple to phase out iPad 2 to make room for “iPad mini”

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Date: Friday, October 19th, 2012, 07:13
Category: Finance, iPad, News

The iPad 2 could be going the way of the dodo.

Per AppleInsider, analyst Rob Cihra with Evercore Partners said in a note to investors this week that he sees Apple phasing out the current iPad 2, because Apple’s overall vision calls for “clearer product tiers.” The prediction comes as Apple is expected to lower the barrier to entry of its iPad lineup by unveiling a new, smaller iPad next Tuesday.

Cihra believes Apple will sell around 7 million so-called “iPad mini” units in the December quarter. Along with the full-size iPad, he sees Apple selling a total of 26 million units in the holiday shopping season.

In his view, Apple is leveraging its engineering expertise in both hardware and software to “pull dollars away from otherwise commodity markets and incumbent competitors.” Apple’s calendar year 2012 revenues are up 30 percent year over year, while the broader PC market has dropped 4 percent this year.

Further bolstered by sales of 49 million iPhones, Apple is expected by Cihra to post US$56.1 billion in revenue during the December quarter, amounting to US$16.33 in earnings per share.

Prior to that anticipated blockbuster quarter, Apple will report results for its just-concluded September quarter. For that three-month frame, Cihra believes Apple sold 27 million iPhones, 17 million iPads, 4.9 million Macs and 5.7 million iPods, resulting in revenue of US$36.5 billion and earnings per share of US$9.03.

His numbers are slightly above Wall Street consensus for the September quarter, as other analysts on average seek US$36.4 billion in revenue and US$8.93 earnings per share.

Evercore Partners has reiterated its overweight rating for AAPL stock, as well as a target price of US$800.

Stay tuned for additional details as they become available.

VirtualBox updated to 4.2.2

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Date: Friday, October 19th, 2012, 07:02
Category: News, Software

virtualbox.png

VirtualBox, an open source x86 virtualization project available for free has just hit version 4.2.2. The new version, a 102.3 megabyte download, features the following fixes and changes:
- VMM: adapted to changes in Mac OS X 10.8.2 (bug #10965).

- GUI: restored VM item tool-tip functionality (4.2 regression).

- GUI: added group item tool-tip functionality.

- GUI: fixed handling of the .ova/.ovf file name association (4.2 regression).

- GUI: it was not possible to change any setting before the first VM was created (bug #10928).

- GUI: disable grouping action if all the selected items are full children list of the same group already.

- GUI: added menu for runtime drag-and-drop option change.

- GUI: cleanup shared-clipboard menu on visual-mode change.

- GUI: make sure VM receives keyboard focus on entering fullscreen-mode on Win host (bug #11051).

- GUI: disable proxy authentication for security reasons.

- 3D Support: DrawIndexedPrimitiveUP implementation fixes for the Windows WDDM video driver (bug #10929).

- Storage: fixed a release assertion in the AHCI emulation when requests where canceled with asynchronous I/O disabled.

- Storage: fixed a hang during VM reset under certain circumstances (bug #10898).

- NAT: fixed a crash under rare circumstances (Windows hosts only; bug #10128).

- NAT: automatically use the host resolver if the host name server is set to some unusual loopback value (bug #10864).

- E1000: fixed a VirtualBox crash during intensive network transfers (4.2 regression; bugs #10936, #10969, #10980).

- ICH9: fixed PCI bridge initialization.

- USB mouse: ensure that the last mouse event doesn’t get lost if no URBs are available.

- BIOS: certain legacy guests (e.g. Windows 95) didn’t find the boot device after a warm reboot.

- BIOS: don’t trash the palette in text modes when setting the border color.

- EFI: fixed OS X guest autoboot (4.2 regression).

- VBoxManage: fixed output of showvminfo –machinereadable (bug #10973).

- VBoxManage: fixed parsing of storageattach –discard (bug #11023).

- VBoxManage: fixed wrong output of the HPET setting in showvminfo (bug #11065).

- VBoxManage: fixed closing the guest session after executing a guest process via guest control.

- VBoxShell: adaptions to interface name changes.

- Guest Additions device: fixed a Guest Additions hang when a machine was reset after a crash.

- Linux hosts / guests: Linux 3.7-rc1 fixes.

- Linux Additions: support X.Org Server 1.13.

- Linux Additions: fixed a hang when the X server was restarted with old guest kernels.

- Linux Additions: fixed a VBoxService crash during CPU hot remove (bug fixed in … (new)”>#10964).

- Windows Additions: fixed automatic screen resize issue for NT4 guests.

- OS/2 Additions: fixed shutdown hang.

- OS/2 Additions: fixed mouse driver panic.

- Solaris hosts: fixed autostart service going into maintenance mode after all VMs started.

- Solaris hosts: fixed linking the host driver with the dtrace module.

VirtualBox 4.2.2 is available for free and requires an Intel-based Mac running Mac OS X 10.6 or later and an Intel-based Mac to install and run.

If you’ve tried the new version and have any feedback, please let us know.