AI is only good for the capitalists
Published in AI
Monday, 08 April 2019 12:19

AI is only good for the capitalists


The workers are still doomed

Futurist Gary Grossman has warned AI "may be the fastest paradigm shift in the history of technology may not create as many jobs as its displaces.

Amazon doubles profits and pays no tax
Published in News
Monday, 18 February 2019 11:38

Amazon doubles profits and pays no tax


Paying tax is socialism in the US

While millions of middle and lower class Americans have just discovered that they are paying more tax under new Republican tax cuts, they will be no doubt overjoyed that Amazon's tax bill was nothing this year. 

LG sees profits rise
Published in News
Friday, 06 July 2018 11:26

LG sees profits rise


Marketing was a bit of an albatross

LG said operating profit likely rose 16.1 percent in April-June, although it was messed up by a big marketing budget for new products in its TV, smartphone and appliance divisions.

Cisco sees quarterly profit rise as turnaround works
Published in News


Software better than hardware

Cisco Systems reported its first rise in quarterly revenue in more than two years and forecast upbeat current quarter profit, as the network gear maker’s years long efforts to transform into a software focused company appears to be paying off.

Samsung made loads a money
Published in News
Wednesday, 31 January 2018 11:50

Samsung made loads a money


Will split its stock

Samsung announced its first stock split as it expects demand for semiconductors to remain firm in 2018, while it posted record annual profit driven by a memory chip “super-cycle”.

Samsung's new bosses step from out of the shadows
Published in News


Huge payouts to shareholders 

Samsung Electronics named a new generation of top managers on Tuesday and promised to reward shareholders with $26 billion in payouts to 2020, as it reported record third quarter profits.

Samsung sees profits up by 72 percent
Published in Cloud
Friday, 07 July 2017 12:09

Samsung sees profits up by 72 percent


Thanks for the memories


Samsung Electronics has said its second-quarter operating profit rose 72 percent from a year earlier to a new record.

MediaTek expects eight percent boost in revenue
Published in News


$1.86 billion in the second quarter


MediaTek expects its second-quarter revenues to see sequential increase to $1.86 billion.

Apple announces huge corporate tax dodge today
Published in News


Expect the Tame Apple Press to give it another headline


Fruity cargo cult Apple is expected to announce the results of a huge corporate tax dodge today, but expect the Tame Apple Press to be running stories about how wonderful the company is.

Samsung making rather a lot of cash
Published in Mobiles
Wednesday, 05 April 2017 12:37

Samsung making rather a lot of cash


All thanks to its chips


Samsung is better than Apple at making money. Sure, it might not have margins as good as the fruity cargo cult, it might not make as much cash, but it appears to be unstoppable.