Get the Samsung S III experience on S II

May 24, 2012 by  
Filed under News, Smartphones

The Samsung S III may be the most talked about phone after the rumored iPhone 5. It’s sleek, classy, packs a lot of performance, and just makes you quiver at the knees. And while the device is already available here a whole week before it officially launches, there might be those amongst us who haven’t been saving up for an eternity to buy this new gem.

Well if you currently own a Samsung S II, you can be really cheeky and fool people into thinking you have an S III. Okay technically you might not fool a lot of people, but at least you get to experience the awesome interface and launcher of the S III. Thanks to the folks at the xda developers forums, a port is available of the S III launcher which you can install on your S II as long as you’re running the default Samsung ROM. Bear in mind that the port is just a visual overlay, so don’t expect anything else to run fast or as great as it would on the S III.

Check out details on how to make the magic happen here.

Head of global sales leaves RIM

May 24, 2012 by  
Filed under News

While RIM struggles to get back on its feet amidst poor sales of its devices, it’s just been dealt another blow.

Patrick Spence, Head of Global Sales based in the company’s London office, decided to leave the company after a 14 year stint with them. Spence originally joined the company back in 1998, but was only in his current position of SVP and MD of global sales and regional marketing for the past 10 months. “Patrick will be taking on a leadership position in a different industry,” a RIM spokeswoman commented in an email. “The sales function will report directly into Kristian Tear, our newly appointed COO when he starts this summer. In the interim, the sales function will report to [CEO] Thorsten Heins.”

Spence’s departure comes at a time where RIM continues to lose market share against other mobile players such as Apple and Samsung. While the company has looked to international stores as a way to boost its dwindling sales, the company’s internal structure is preventing it from making any true progress. The recent reveal of the Blackberry 10 OS, the company’s next update to its smartphone OS shows promise, however it will be a while before it’s ready to hit the market.

(via WSJ)

Shareholders sue Facebook for withholding pre-IPO information

May 24, 2012 by  
Filed under Industry, Internet, News

Once Facebook shares started tumbling down immediately after launch, many shareholders questioned the reason behind one of the most troubled IPO launches in history. The main reasons being pointed out are the technical glitches by NASDAQ themselves wherein Facebook shares could not be traded for some time on the day of launch. Then came the inflated price from a previous $28 to $34 per share to the actual launch price of $38. Last but not least, investors soon questioned the actual value of Facebook Inc. being $100 billion because of how poorly their current business profits from their massive user base.

Source: Bloomberg

Yesterday a class-action lawsuit was filed in the US District Court of Manhattan against Facebook’s CEO Mark Zuckerberg, JPMorgan Chase, Bank of America, Barclays Plc and Goldman Sachs Group for hiding ”a severe and pronounced reduction” in forecast revenue. Furthermore bank underwriters were told to ”materially lower” their forecasts for Facebook after a May 9th prospectus told investors that most of their user base is moving to mobile platforms, where they earn a very small revenue stream.

The main underwriters in the middle of the road show reduced their estimates and didn’t tell everyone,” said Samuel Rudman, a partner at Robbins Geller Rudman & Dowd, which brought the lawsuit on Wednesday. “I don’t think any investor in Facebook wouldn’t have wanted to know that information,” he told Reuters.

If Facebook told analysts to materially lower their forecasts, it should have told the entire market,” said Antony Page, a professor at the Indiana University Robert H. McKinney School of Law. “We need to know what exactly was said to the analysts, and determine how different Facebook’s public story was from its private story.”

The handling of Facebook’s IPO is being looked into by the US Securities & Exchange Commission, the US Senate Banking Committee and the Financial Industry Regulatory Authority.

Andrew Noyes, a Facebook spokesman, said: “We believe the lawsuit is without merit and will defend ourselves vigorously.”

Samsung Galaxy SIII available in UAE before the rest of the world

May 24, 2012 by  
Filed under News, Smartphones

While the rest of the world is still waiting for Samsung’s flagship Smartphone Galaxy SIII, it is already on sale in the UAE. The successor to the most popular Android phone boasts a 4.8″ Super AMOLED HD screen and the Exynos 4212 quad Core processor. With a model number of I9300, the Galaxy S3 in white is available at Carrefour for AED 2,499 (US$680) as well as through the local career du at the same price.

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