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Samsung forecasts $5.3B hit from Note 7 debacle

first_img Previous ArticleVerizon said hack impacts $4.8B Yahoo dealNext ArticleIndonesian ministry urges tax department to halt social media plan KT makes LG Electronics trade-in move Google renueva Android y muestra novedades en IA AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 14 OCT 2016 Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Note 7Samsung Author Samsung expects to take a further KRW3.5 trillion ($3 billion) profit hit over the next two quarters, following its decision to discontinue the Galaxy Note 7 over safety issues.The company earlier this week lowered its Q3 profit guidance by approximately $2.3 billion, and the outlook for Q4 2016 and Q1 2017 means the company will experience total losses of $5.3 billion.It decided to stop production of the smartphone after consumers reported overheating issues in the devices, released in August.In a statement, Samsung estimated it would experience a negative impact in the mid KRW2 trillion range for Q4 2016, and approximately KRW1 trillion for the first quarter of 2017.“The company is releasing these estimates to inform the market on the impact of the Galaxy Note 7 discontinuation,” it said. “Moving forward, Samsung Electronics plans to normalise its mobile business by expanding sales of flagship models such as the Galaxy S7 and Galaxy S7 edge.”The company said it will also focus on enhancing product safety for consumers going forward, “by making significant changes to quality assurance processes”.Samsung recalled some 2.5 million Note 7 devices in September, after reports that the phones were catching fire and overheating.It then began to replace the devices two weeks later, but similar reports emerged, indicating the problem had not been resolved.Earlier this week, it ended production, told all retail partners to stop selling and exchanging the device, and urged all consumers to switch the phone off.Analysts speaking to Reuters said further losses resulting from the issue could not be ruled out, while the reputational damage could be even more harmful for the company, particularly in the cut throat smartphone industry.“The sales impact on other models remains unclear,” said Kim Sung-soo, fund manager at LS Asset Management. “The end of the premium model will damage Samsung’s brand, and hurt demand for other models. It is difficult to measure such impact.”center_img Samsung boosts logic chip investment by $34B Home Samsung forecasts $5.3B hit from Note 7 debacle Asia Related Tags Kavit Majithia last_img read more

FTC probes broadband privacy

first_img Amazon reels in MGM AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 27 MAR 2019 T-Mobile US chief predicts market rebound Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Previous ArticleIndonesia towerco lets Docomo drone system flyNext ArticleKT completes 5G trial using Samsung Galaxy S10 Tags AT&TT-Mobile USVerizon Author Home FTC probes broadband privacy Verizon shuffles executives Related The US Federal Trade Commission (FTC) ordered top broadband providers to share previously undisclosed details about their privacy policies, as concerns about data breaches and money-making methods mount.In letters to AT&T, Verizon, Comcast, T-Mobile US and Google Fibre, the agency demanded details on what categories of personal information they collect about users or their devices; techniques for collecting that information; whether the data is shared with third parties; internal policies for allowing access to the data; and how long it is stored.The FTC also asked whether and how user information is aggregated, anonymised or deidentified; if consumers can opt-out of the collection, retention, use and disclosure of their data; can users correct or delete their personal information; and if providers have denied or degraded a user’s service after they opted-out of data collection.Its move comes as the FTC steps-up pressure on tech giants in the wake of high profile data breaches and as concerns about how much control users have over their data grow.In 2018, US operators faced backlash following reports that third parties improperly gained access to mobile subscriber location information.Facebook, Apple and Google parent Alphabet were quizzed by politicians over their data collection and protection practices after the personal information of millions of Facebook users was leaked to data mining company Cambridge Analytica.The FTC is reportedly negotiating a billion-dollar fine with Facebook. Subscribe to our daily newsletter Back Diana Goovaerts last_img read more

Predator circles its prey with new Major Track one-piece carbon handlebar & stem

first_imgThey started with road drop bars, fusing an FSA stem and handlebar into a one-piece system. Then they morphed it into a mountain bike system, working with Cannondale’s OPI Lefty format even. Now, Predator Cycling’s Aram Goganian is taking his carbon construction to the track with the new Major Track Bars.The big difference here is that it’ll be 100% made in house. Aram’s just wrapping up the alloy molds, which will be used to form the Major Track all in house in their Los Angeles area factory. It was designed there, too, hence the unique shape… These are renderings, final shape and details may change a bit, but look for a weight around 350g and a price around $750 to $800, give or take. You’ll likely have stem length and bar width options since they’re all handmade. They should start shipping in March.Aram also hinted that road and mountain versions will follow.PredatorCycling.comlast_img read more

Judicial review

first_img Alan MacLean QC and David Scannell (instructed by Hempsons) for the trust; Dinah Rose QC and Marina Wheeler (instructed by Capsticks) for the committee. Specialist services – Applicant hospital trust providing paediatric and congenital cardiac services – Trust challenging consultation process Per curiam: the act challenged was a consultation process, not the final decision of a public body. True consultation is not a matter of simply ‘counting heads’: it is not a matter of how many people object to proposals but how soundly based their objections are. Moreover, the process of reconsideration is a public and transparent one. If a public body fails to consider a significant matter or to reach a reasonable result by doing so, its further decision is liable to be the subject of challenge… Nor should the court overlook the possibility that, following receipt of consultation responses, the decision-maker may conclude that no decision is yet possible… Intervention at the earlier stage may also cause wasteful, harmful or avoidable delay, particularly where consultation is conducted on the scale on which it was conducted in this case. On the other hand, there will be cases where it is appropriate to grant some form of relief in relation to a consultation process, not least because applications for judicial review must be made promptly. Nonetheless, the judge may properly conclude that, even though there has been a public law wrong, the matter is best dealt with by refusing relief and allowing the decision-maker to consider the matter following completion of the consultation… The decision-maker has to balance the interests of several different groups, not simply those represented before the court. The decision-maker may be in a better position to do this… Not all objections to the accuracy of a consultation process will lead to a full reconsideration of provisional decisions. It is not enough, therefore, for a party seeking to quash a consultation exercise to point to some facts that are inaccurately presented… In short, it is inherent in the consultation process that it is capable of being self-correcting… the courts should therefore avoid the danger of stepping in too quickly and impeding the natural evolution of the consultation process through the grant of public law remedies and perhaps being led into areas for the professional judgment of the decision-maker. It should, in general, do so only if there is some irretrievable flaw in the consultation process (see [87]-[90], [92], [93] of the judgment). Decision of Owen J [2011] All ER (D) 44 (Nov) reversed. The applicant trust, which was based in London, was the largest specialist heart and lung centre in the UK and among the largest in Europe. It provided a specialist service for children’s heart and lung disease and comprehensive paediatric critical care services. The NHS national specialised commissioning group was requested to review the provision of paediatric and congenital cardiac services (PCCS). The first respondent committee was established as the formal consulting body with responsibility for the conduct of the consultation on the review and for taking decisions on issues which were the subject of the consultation. An independent assessment panel (the panel) was tasked with reviewing each of the existing providers of PCCS services and evaluating their compliance with the proposed service standards (the criteria). There were three distinct stages to the review: (i) completion of a self-assessment template by each PCCS provider; (ii) an assessment by the independent panel; and (iii) a configuration options assessment to establish a shortlist of options. On receipt of the self-assessment, the independent panel agreed initial scores for each centre and subsequently undertook a round of visits. Following the visits, the self-assessments and scoring were reviewed and each centre was given a score measuring its current and future compliance against the criteria. There were two phases to the configuration options assessment: first, the establishment of a shortlist of viable options; and second, the scoring of short-listed options against evaluation criteria to determine which options to put out to formal consultation. In the weighted scoring exercise, the trust scored the lowest on two criteria: quality and deliverability. As to quality, the trust scored lowest on research and innovation as a result of the assessment carried out by the panel. The respondent committee published a public consultation document which set out a number of options for the whole of England. In that document, the committee expressed the preferred option that there should be only two centres for London and that those two centres should be at Guys and St Thomas’ Hospital and Great Ormond Street Hospital. It explained that the effect was that the relevant paediatric unit at the trust would have to be closed, but that there was little risk to local or national paediatric intensive care provision because there was existing provision for cardiac surgery elsewhere in London. The trust applied for a quashing order. It submitted five grounds on which the consultation process should have been set aside. It succeeded in respect of one ground only: that the committee had failed to meet its legitimate expectation which had derived from the self-assessment template that the criteria and scoring in the evaluation undertaken by the panel would be separate from the configuration options assessment and that it would have no direct bearing on it. The judge held that there had been a clear and unequivocal representation in the self-assessment template. In his judgment, the scores reached by the panel had clearly been used in, and had therefore had a direct bearing on, the scoring for the purposes of the configuration options assessment. The way in which the quality scoring had been carried out had rendered the consultation exercise unfair to the trust. Consequently, the consultation exercise had been unlawful and had to be quashed. The committee appealed. It submitted that the self-assessment template had not contained a clear representation that the response would not be used as part of the scoring for the purposes of the configuration options assessment. The appeal would be allowed. The judge had erred, in the proceedings below, in his conclusion regarding legitimate expectation. On the facts, the consultation process could not be said to have been unfair. The requirements of the self-assessment template had been reasonably clear. There had not been a clear and unequivocal representation made by the self-assessment template about non-use of the information provided for the purposes of assessment of the configuration options. The response to the self-assessment template, as moderated following the panel’s visit to the centre, had been a component of one of the criteria for the configuration exercise, namely the criterion of quality. Accordingly, the response to the self-assessment template had had a substantial influence on the ultimate result (see [102], [104], [106], [109] of the judgment). R (on the application of Royal Brompton and Harefield NHS Foundation Trust) v Joint Committee of Primary Care Trusts and another: CA (Civ Div) (Lady Justice Arden, Lord Justice Richards, Sir Stephen Sedley): 19 April 2012last_img read more

Lady Jags moves up FIFA rankings

first_imgDespite failing to qualify from the CFU Women’s Challenge Series and the CONCACAF Women’s Qualifiers, the Lady Jaguars Senior Squad has climbed 35 places to achieve a FIFA ranking of 83rd. This positive movement resulted in the team being ranked within the top eight nations in the CONCACAF region, and amongst the top four in the CFU sub-confederation.The Lady Jaguars in their most recent international outings were dumped out of group-E in the CONCACAF Women’s Qualifiers on the May 27th at the National Track and Field Centre, Leonora.In the month of April, the side finished third in the third position during the CFU Women’s Challenge Series in Trinidad and Tobago. According to a release from the Guyana Football Federation [GFF], head-coach Dr. Ivan Joseph said, “This is a great first step to validate the work the Federation and our female athletes have put into the program. Our coaching staff look forward to continuing our efforts to advance the “Lady Jaguars” standing at the international level.”Similarly, Ian Greenwood, Technical Director of the federation said, “The re-launch of the “Lady Jags” programme required an innovative approach and we are very confident under Dr. Ivan and his experienced staff it will continue to grow. The recent rankings show a very positive push in the right direction but also highlights that we must be consistent in our women’s development programmes as we still have a long way to go on this journey.”Wayne Forde, President of the GFF said, “This is a fine example of what is possible when we believe in a mission that is beyond the might of one person, said President Wayne Forde. “The collective strategic focus of the Executive Committee, the GFF International Support Group (ISG), our Technical Staff, parents and most importantly, our courageous young women, has produced early dividends, which have certainly elevated the credibility and direction of our Women’s programme.” “The GFF-Scotia Bank Academy Training Centres (ATC) are injecting a higher percentage of quality players into our national programme, which will result in the creation of many more scholarship opportunities for our girls in the coming years. This is truly a proud moment for our nation”, Forde added.Also, International Women’s Coordinator and Coordinator of the International Supporters Group (ISG), Paul Beresford, said, “I would like to thank the GFF for their innovative approach when faced with the challenge of re-launching a programme that had been dormant for two years, and the confidence placed in the coaching and support staff, especially Coach Ivan and his team, and members of the International Supporters Group (ISG) during this initial period.”last_img read more