As the company is facing its fourth year of losses, Japanese electronics giant Sony has announced that it has named former president of its Consumer Products and Services Group Kazuo Hirai as president and CEO, replacing Howard Stringer. The change will be effective from April 1, Sony told Bloomberg in e-mailed statement today. Stringer will become chairman of the...

Japan’s broadband company eAccess has announced that it has completed specification testing for LTE, achieving download speeds of 300Mbps – which is seven times faster than currently available via mainstream mobile services. The company offers mobile services through its eMobile brand, looking to launch data communication services over its LTE network in March this year – making the second Japanese conmapny after NTT DoCoMo to offer the 4G technology at commercial level. In November 2011 eAccess launched a trial of fourth-generation...

If you still able to memorize that last week we told you about Samsung‘s upcoming next-generation 2GHz tablets that it is likely to announce at Mobile World Congress next month. An another leak today added to that [1][2] rumor – on its not completely pointed to that announcement, but somehow notes the specifications of one of the two brand of company’s new...

LG Electronics Inc. (LG) today announced its fourth quarter 2011 earnings report. The company consolidated revenues of KRW 13.81 trillion (USD 12.05 billion) with an operating profit of KRW 23 billion (USD 20 million). Quarter-on-quarter revenue growth reflected strong performance in home entertainment and home appliances with improved operating profit in the mobile and TV businesses. Q4 2011 Results and Highlights: LG Home Entertainment Company shipped a record high 8.8 million flat panel TVs from October to December, increasing revenues...

The world’s largest social networking site Facebook as is preparing for its giant and one of the biggest IPOs ever – the company is coming under the similar patent lawsuits attacks as it is earlier being waged by other tech companies in the past. According to Reuters, Facebook was named as a defendant in total of 22 lawsuits accusing it of patents infringement – which is double the number from previous year 2010. The attacks against Facebook strongly signals that social media is a new frontier in the Silicon Valley patent wars. The...

Have you ever wondered a bin whose screens will display news from the Economist and stock quotes – if you not, then start thinking again as London got its first 25 units of such “Smart Bin” across the metropolis. Built by Renew, the bins are installed on the streets of London city with two LCD screens on its sides. The number right now is only 25 but the city...

A bug on Facebook stating “This group is scheduled to be archived” has caused a significant percentage of world’s largest social network users to see a message on atop their news feed. The message is only belongs on old group set up prior to October 2010 which the company is migrating to the new format used today. Facebook has started notifying admins of old...

Google Finance – since its launch in 2006 made a premier mark for all those who are seeking real-time stock quotes and information. Google’s division provided users’ with the tools to monitor market changes, manager their portfolios, and make better investment decisions. The Google Finance Team announced that it would be adding the same real-time technology for the London Stock Exchange (LON), Deutsche Börse (FRA), and Borsa Italiana (BIT), to better track economic and financial developments in Europe. The team first introduced...

According to Reuters, the social networking giant, Facebook is expected to file its initial paperwork for its Initial Public Offering on Wednesday, seeking to raise $5 billion in its IPO bid. The company has selected Morgan Stanley and four other as bookrunners – Goldman Sachs, Bank of America Merrill Lynch, Barclays Capital and JP Morgan to handle its giant-IPO. Cited earlier as an unnamed source, Morgan Stanley is close to winning the IPO deal, while Goldman Sachs is expected to play a key role – according to the journal. The upcoming...

Crackberry is reporting an image that seems to be a new design of the rumoured Blackberry London prototype, which RIM calls a ‘Superphone’.  The device which will launch after two other models code named Laguna and Lisbon – which arrive in US, while the London would be headed to the UK. The device is equipped with both TI OMAP5 and Qualcomm chipsets are being...