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Shenanigans

Tumbrils Roll For Uber Execs

It’s crunch-time for Uber’s French operation today as two top Uber execs go on trial in Paris charged with ‘running an illegal taxi operation’, commercial deception and violation of privacy law They could get five years in prison and a €300,000 fine each. Uber France is also charged and faces a €1.5million fine. Uber has already been shut down in ...

ST Agony Goes On As Crolles Workers Strike Again.

  Thanks to Jack for pointing out this snippet from the on-going saga of woe at ST. Further to the walk-outs at Crolles 1 and 2 in December, following a dispute over incentive bonuses, there have been two more walk-outs. 20-30% of the workforce walked out on the night of February 7th/8th and more than 50% of the workforce took ...

Bozotti About To Be Replaced, says L’Usine Digitale

Tomorrow could be interesting – ST reports its Q4 and full year results while the company’s CEO, Carlo Bozotti, stands on the brink of replacement, reports L’Usine Digitale. The announcement of Bozotti’s replacement is only “a few days away” reports the French magazine. It is thought that a new CEO has already been chosen. Yesterday seven parliamentarians, including two senators, ...

Xilinx Getting Windy

It seems that Xilinx is getting worried it may be taken over. It has changed its terms of compensation for top execs in the event of a takeover. Altera did exactly the same thing before it was bought by Intel. So, it could be that an acquirer has already tipped off Xilinx about its intentions so that its execs can ...

Farewell Atmel

Last August, before Dialog made its bid for Atmel, its shares were over $50. Now they’re $27 and Microchip, not Dialog, has acquired Atmel. Even without the investor-unpopular bid, Dialog’s shares would have fallen in the wake of Apple’s disappointing sales of its new iPhone. Dialog gets 80% of its sales from Apple. The Atmel bid had been seen as ...

The Music Stops

To the relief, no doubt, of its shareholders and particularly of its activist shareholder Elliott Management, Dialog says it won’t increase its bid for Atmel. Which means Microchip bags the prize. Second prize is the $137 million termination fee which Atmel has to pay to Dialog. Dialog’s shares have fallen 36% since it made its bid for Atmel. Mind you, ...

Intel In New Give-Away Wheeze

Intel is up to its old tricks again. According to Digitimes it is giving away a tablet processor with every notebook processor it sells to the Chinese hand-set manufacturer Xiaomi. This is a new version of Intel’s old ‘contra-revenues’ wheeze by which it paid companies to take its mobile processors – a practice which ended up costing Intel $4 billion ...

Nice Work If You Can Get It

After 15 years as CEO of Altera it looks like John Danne will leave the company with a $40 million plus pay-out following the takeover by Intel. Intel has said that Altera vp Dan Macnamara is now running the Altera business as an Intel business unit. Apparently Daane gets the payout if he’s sacked without cause or resigns for reasons ...

China Gets The Bum’s Rush

China is getting the bum’s rush whenever it tries to buy itself a semiconductor industry. Today Fairchild said it would prefer to sell itself to ON Semiconductor rather than a China investor group called China Resources Holdings. And, over in Taiwan, a move has been made by assembly house ASE to thwart the attempted purchase of 25% of Taiwanese test ...

The Public Stock Of Harmless Pleasure

A few years back there was a commonly held belief that the multiplicity of Chinese restaurants around the world housed cells of Chinese activists who, at a signal, would rise up and take over the world. Judging by American Republicans’ reaction to Donald Trump’s suggestion of a temporary ban on Muslims entering the USA – his poll numbers immediately shot ...