By Reuters Jan 11, 2009
South Korea's LG Display said it had signed a deal to supply LCD panels to Apple Inc for five years. The world's second-biggest maker of LCD screens did not disclose the total size of the deal but said in a filing to the Korea Exchange that it would receive a $500 million advance from Apple this month. "Although LG Display already had a relationship with Apple, the deal's duration and the size of the advance show that the two companies are involved in a long-term, strategic alliance," said Son Young-jun, a spokesman for LG Display. Shares in LG Display were up 3.37 percent at 24,550 won at 0034 GMT, outperforming the wider market's 1.17 percent drop, but analysts were quick to discount the impact of the announcement. "LG Display's panels already represent more than 70 percent of Apple's notebooks and monitors," said Park Sang-hyun, an analyst at HI Investment & Securities.
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Monday, January 12, 2009
Buying on Web to avoid sales taxes could end soon
By RACHEL METZ Jan 12, 2009
Shopping online can be a way to find bargains while steering clear of crowds - and sales taxes. But those tax breaks are starting to erode. With the recession pummeling states' budgets, their governments increasingly want to fill the gaps by collecting taxes on Internet sales, which are growing even as the economy shudders. And that is sparking conflict with companies that do business online only and have enjoyed being able to offer sales-tax free shopping. One of the most aggressive states, New York, is being sued by Amazon.com Inc. over a new requirement that online companies must collect taxes on shipments to New York residents, even if the companies are located elsewhere. New York's governor also wants to tax "Taxman" covers and other songs downloaded from Internet services like iTunes. The amount of money at stake nationwide is unclear; online sales were expected to make up about 8 percent of all retail sales in 2008 and total $204 billion, according to Forrester Research. This is up from $175 billion in 2007.
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Also Read This --> New York judge OKs Amazon Tax
Shopping online can be a way to find bargains while steering clear of crowds - and sales taxes. But those tax breaks are starting to erode. With the recession pummeling states' budgets, their governments increasingly want to fill the gaps by collecting taxes on Internet sales, which are growing even as the economy shudders. And that is sparking conflict with companies that do business online only and have enjoyed being able to offer sales-tax free shopping. One of the most aggressive states, New York, is being sued by Amazon.com Inc. over a new requirement that online companies must collect taxes on shipments to New York residents, even if the companies are located elsewhere. New York's governor also wants to tax "Taxman" covers and other songs downloaded from Internet services like iTunes. The amount of money at stake nationwide is unclear; online sales were expected to make up about 8 percent of all retail sales in 2008 and total $204 billion, according to Forrester Research. This is up from $175 billion in 2007.
Read more here -->Link
Also Read This --> New York judge OKs Amazon Tax
Xbox Head: Don't Hold Your Breath For Next-Gen Gaming
By Chris Kohler January 12, 2009
Anxiously awaiting the next round of game hardware? You'll be waiting a while, says Robbie Bach. The president of Microsoft's Entertainment and Devices division tells the San Jose Mercury News that convincing consumers to upgrade their game consoles is going to be a bit trickier this time around. "Just coming up with something that's faster and prettier isn't going to be sufficient. The life cycle for this generation of consoles -- and I'm not just talking about Xbox, I'd include Wii and PS3 as well -- is probably going to be a little longer than previous generations." Bach goes on: "When you look at consumers, they are going to be more value-conscious. We want to make sure that as the economy does start to recover, that we're positioned well."
Read more here -->Link
Anxiously awaiting the next round of game hardware? You'll be waiting a while, says Robbie Bach. The president of Microsoft's Entertainment and Devices division tells the San Jose Mercury News that convincing consumers to upgrade their game consoles is going to be a bit trickier this time around. "Just coming up with something that's faster and prettier isn't going to be sufficient. The life cycle for this generation of consoles -- and I'm not just talking about Xbox, I'd include Wii and PS3 as well -- is probably going to be a little longer than previous generations." Bach goes on: "When you look at consumers, they are going to be more value-conscious. We want to make sure that as the economy does start to recover, that we're positioned well."
Read more here -->Link
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