Business

Toshiba gets deeper in trouble

quicksand1Toshiba has widened its investigation into its accounting practices in its TV, computer and chip businesses.

Its probing teams of Ninja accountants have already turned up irregularities that led to profits being overstated by at least $415 million in recent years.

Toshiba last week set up a third-party committee, headed by a former prosecutor, to conduct an independent inquiry in addition to its own internal investigation into accounting problems related to infrastructure and construction work.… Read the rest

Samsung announces IMDB memory

Bentley-Reserve-SFSamsung, for the second year in a row, selected the Bentley Reserve (Old Mint) in San Francisco as the venue for announcing a series of products ranging from IoT Artik single mini board computing systems to support for massive In-Memory Database (IMDB) DIMMs with Near Data Processing (NDP) support.… Read the rest

Apple readies new rash of iPhones

Apple blossom, Mike MageeWhile Apple, along with other vendors, is seeing a decrease in sales of tablets, the outlook is rosy for the iPhone and it appears the company is set to launch two models next month.

Market intelligence company Trendforce said 4.7-inch and 5.5-inch version whill ship in the third quarter of this year, and Apple is hoping that as many as 24 million units will shi[ in that quarter.… Read the rest

Internet of things continues to buzz

Bee swarm - Wikimedia CommonsAlthough there is still a lack of standardisation for the Internet of Things (IoT), a bullish report suggests the market worldwide will grow by 19 percent this year.

The forecast, from IDC, is even more bullish about the future. For example, it estimates that the IoT market in manufacturing will be worth $98.8 billion by 2018.… Read the rest