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We Pay 30% Tax, Warren Buffer Pays 17% – Now, That Is Congressional Engineering

By
Tekedia Editors
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0

It seems America is running a regressive or whatever primitive tax system. We never know the rich guys are paying 17% when they take more than 1/4th of our income. But kudos to Warren Buffer, we now know that the more money you make, the lesser tax you have to pay, percentage wise.

 

In an Op-ed article in New York Times, the billionaire investor Warren Buffett, saying he doesn’t want to be “coddled” by Congress, says that wealthier Americans should pay higher taxes, and that higher taxes do not dampen job growth.

 

The philanthropist said that his 2010 federal tax bill, including income and payroll taxes, was $6,938,744.

 

“That sounds like a lot of money,” wrote the Omaha, Neb.-based billionaire. “But what I paid was only 17.4% of my taxable income – and that’s actually a lower percentage than was paid by any of the other 20 people in our office.”

 

He also made comments on the job creation.  He said that 40 million jobs were created between 1980 and 2000, when the tax rate for the rich was higher than it is now. “You know what’s happened since then: lower tax rates and far lower job creation,” he wrote.

Eight Reasons Google Bought Motorola Mobility

By
Tekedia Editors
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0

These are eight reasons why Google bought Motorola. It is adapted from a report from IHS iSuppli.

 

 

  • Google wants to play a big role in the emerging ICT consolidation as Tekedia has noted. With this and possibly one telecommunication company like Sprint, Google will transmute into a behemoth.
  • The Motorola Mobility acquisition puts Google Inc. in a stronger position in any potential patent dispute with Apple Inc.
  •  Motorola’s product development capabilities also may have made it an attractive acquisition target for Google. Google previously has used new HTC and Samsung products to demonstrate the latest capabilities of the Android operating system.
  • Motorola can serve as Google’s product R&D department as Android spreads into new markets,
  •  The acquisition could prompt some Android licenses to increase their focus on alternative operating systems, such as Windows Phone.
  •  Motorola ranked sixth in the global smartphone business in the second quarter. The company held a 4 percent share of global unit shipments. Company shipments amounted to 4.4 million, up 7.3 percent from 4.1 million in the first quarter, as shown in the table below.
  •  Since hitting bottom in the first quarter of 2009, Motorola has been experiencing nearly uninterrupted quarterly growth in smartphone shipments.
  •  Motorola once was the world’s No. 2 cellphone maker.
  •  Motorola Inc.’s XOOM media tablet introduced early this year represented the first legitimate match for Apple Inc.’s iPad 3G, in terms of features and pricing.

LG Optimus One Phone Review – “Optimus” Means “Best” In Latin. We Await The Launch.

By
Tekedia Editors
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0

The LG Optimus One with Google is the first in a series of Optimus handsets that LG intends to release. Following in the footsteps of the LG Optimus GT540, the Optimus One handset will be launched alongside the Optimus Chic phone.

 

The name “optimus” means “best” in Latin, so LG is clearly planning to deliver an impressive range of smartphones. Design wise, the Optimus One has a look of the HTC Desire, with a large touchscreen twinned with smooth hardware keys beneath it. The premise behind this device, LG says, is user-friendliness so expect a vibrant and logical UI on this handset.

 

 

Being a Google-based device, the LG Optimus One runs on the Android 2.2 platform and comes with an array of features such as Google Maps, Google Talk, Gmail and YouTube. There is also access to the Android Market for browsing further apps and games, and downloading onto the phone – and we expect the memory to have a capacity of 32GB, allowing for plenty of storage space for all your apps and data.

 

 

There are multimedia features onboard the Optimus but the specifics have not been confirmed. There’s sure to be a camera, and a high quality one given the name of the series of phones this One belongs to – although the range will actually include both affordable and high-end devices, as well as handsets based on different operating systems. Music will also feature and we’d be surprised if there is no FM radio thrown in for good measure.

 

 

Rumours are rife about the LG Optimus One with Google, and we’ll bring a full review of this smartphone as soon as we are able to.

 

Buy this phone from our UK partner, Best Mobile Contracts

Google Buys Motorola Mobility (Motorola’s Former Mobile Division) – Why?

By
Olabode Olakanmi
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0

In a surprise move, Google buys American phone-maker Motorola for $12.5 billion. The acquisition, which has already been approved by the boards of both companies, is set to be completed by the end of 2011 or the beginning of 2012, pending regulatory approval. Motorola Mobility will continue to operate as a separate business, rather than being rolled up into Google. The buy will cost a reported $40 per share, for a total of $12.5 billion.

 

 

The question now is that, is it because Google wants to start making phone hardware as well as the Android software that goes inside them? Google have been very successful in getting Android out there – taking about 50% of the US market but barely make money out of Android. Is it because they have noticed Apple’s enormous profit margins – $7billion out of $28billion earnings last quarter and decided to wiggle a little further into the exploding mobile market? Companies like HTC have built hugely successful businesses making the hardware for the Android OS; will Google continue to sell Android to them or will it knock out 3rd party Android phones? But if Google were to get into the handset business, they would turn their back on partners like HTC, Samsung and others.

 

If we think this is about Google getting into the handset business, we need to think again.

 

It will be difficult to believe, however, that manufacturers who were backing Google, such as Samsung, will not now be looking at Microsoft more closely. One effect of this deal will be to make them appreciate the fact that Google is not indebted to anybody, and it has the pockets to prove it. But there’s much more to this deal than mobile phones:

 

 

  • Firstly, Google will gain ownership of the 17,000 patents that Sanjay Jha, Motorola Mobility chief executive, said the company owns around the world, and 7,500 pending patents – a massive armory Google can use to defend the mobile phone producers using its Android operating system against a steady stream of legal battles over infringements of intellectual property. That will make a serious impact on the ongoing patent litigation that is threatening to swallow up every major technology companies. Microsoft had already successfully sued to get $5 per handset from some Android devices. According to Larry Page, CEO of Google, “We recently explained how companies including Microsoft and Apple are banding together in anti-competitive patent attacks on Android. The U.S. Department of Justice had to intervene in the results of one recent patent auction to “protect competition and innovation in the open source software community” and it is currently looking into the results of the Nortel auction. Our acquisition of Motorola will increase competition by strengthening Google’s patent portfolio, which will enable us to better protect Android from anti-competitive threats from Microsoft, Apple and other companies.”

 

  • Secondly, key to Motorola Mobility’s business is its home and lifestyle products. Google knows it must find its way into the living room, and Motorola’s business with set-top boxes is significant potential to offer a boost to Google’s on-demand service, Google TV

Aviat Appoints Michael Pangia President/CEO – Ships Radios To Wataniya Telecom Maldives

By
Ejiofor Agada
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3

Aviat Networks, Inc. a leading provider of wireless transmission solutions announced that Michael Pangia, who was Aviat Networks’ SVP and Chief Sales Officer, has been appointed President & CEO and a member of the Board of Directors. Former CEO Chuck Kissner will continue as Chairman of the Board of Directors.

 

Kissner became CEO on June 28, 2010 to lead a transformation of Aviat’s business. Pangia has led the Sales and Services operations of the company since he joined inMarch 2009 and was part of the management team that led the restructuring and turnaround efforts over the past year.

 

During that time, the company has reduced costs, refocused its business, introduced new products, stabilized its top line, and streamlined operations.

 

“I’m delighted that the Board has expressed their confidence in me and the management team going forward,” said Pangia.  “We made tremendous progress over the last year on many fronts, and believe we are now well-positioned to move Aviat to the next stage.  We now have a company with better operating leverage, a strong pipeline of new products, and an enthusiastic customer base.  I expect the transition to be a smooth one, and look forward to reporting our Q4 FY11 and full year results in August.”

 

“The Aviat Networks team accomplished its goals over the past year,” said Kissner.  “As expected, we essentially completed our fiscal 2011 restructuring program to reduce operating costs, continued to roll out innovative new products, and saw the resumption of strong demand for our products and services.  We now have a strong roadmap for the future.”

 

Prior to joining Aviat Networks, Pangia held a number of executive positions at Nortel Networks in Sales, Operations, and Finance.  As President of the Asia Region, he had P&L responsibility for $1.8 billion in sales.

 

On May 5, 2011, the Company provided revenue guidance of $105 million to $120 million for the fourth quarter FY2011, based on backlog, business trends and operational changes, and some supply risks specific to Japan.  “Although we have not yet finalized and completed all reviews of the financial results for the fourth quarter, we now believe revenue for the fourth quarter FY2011 will be in the range of $115 million to $120 million.

 

In addition, we expect to report that the orders book-to-bill ratio was greater than 1 and that the company’s cash balance increased from end of the previous quarter.  As the company is still assessing revenue as part of its year end close, this guidance is subject to change until fourth quarter and full year fiscal 2011 results are announced in August. Also, given the need to complete the year end audit, this is the only guidance we intend to provide at this time”.

 

In a related development, Aviat Networks has announced that it will supply its recently introduced Aviat WTM 6000 trunking microwave radios to Wataniya Telecom Maldives. Since 2008, Aviat Networks has served as the sole microwave backhaul provider for Wataniya Telecom Maldives as it moved from 2G to 3G. Now, WTM 6000 long-distance trunking radios will support its transition to Next Generation Networks and eventually to 4G Long Term Evolution (LTE) wireless, with up to 4Gbps aggregate IP-data throughput in the backhaul network.

 

Specifically, Aviat Networks will: Supply end-to-end turnkey products and services to deploy high-capacity WTM 6000 radios in Wataniya’s backhaul to extend its existing backbone of Aviat Networks’ TRuepoint 6500 radios. Radios will be used as the core elements to backhaul 2G, 3G and leased-line traffic from Wataniya customers.

They will also provide network design and logistics services to support the Wataniya backhaul network expansion. “Based on superior performance of its TRuepoint 6500 radios and superb execution of our 2008 network rollout, we’ve chosen Aviat Networks for the next phase of our network build,” said Stephen Smith, chief operating officer of Wataniya Telecom Maldives. “We’re impressed by WTM 6000’s performance characteristics and our prior experience with Aviat Networks’ technical competency in link engineering over difficult all-water terrain while still completing the project on time. We’re confident that WTM 6000 supported by Aviat Networks professional services will enable a smooth evolution to Next Generation Network operation and then to 4G.”

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