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HP reports Q1 earnings: EPS beats but revenue and Q2 guidance both miss

Wednesday, February 22nd, 2012

Hewlett-Packard on Wednesday reported its fiscal first-quarter earnings, which fell short of Wall Street’s expectations. Analysts expected the computer giant to pull in $30.75 billion and $0.87 per share, and while HP’s first-quarter earnings of $0.92 per share beat the Street’s consensus, revenue dipped 7% to $30 billion and missed estimates. “In the first quarter, we delivered on our Q1 outlook and remained focused on the fundamentals to drive long-term sustainable returns,” said HP president and CEO Meg Whitman. “We are taking the necessary steps to improve execution, increase effectiveness and capitalize on emerging opportunities to reassert HP’s technology leadership.” HP anticipates its second-quarter EPS to fall between $0.88 and $0.91, below Wall Street’s consensus of $0.95 per share. Read on for HP’s press release.

HP Reports First Quarter 2012 Results

PALO ALTO, CA–(Marketwire – Feb 22, 2012) – HP (NYSE: HPQ)
First quarter non-GAAP diluted earnings per share of $0.92, down 32% from the prior-year period and above previously provided outlook of $0.83 to $0.86 per share

First quarter GAAP diluted earnings per share of $0.73, down 38% from the prior-year period and above previously provided outlook of $0.61 to $0.64 per share

First quarter net revenue of $30.0 billion, down 7% from the prior-year period

Returned $1.0 billion in cash to shareholders in the form of dividends and share repurchases
HP (NYSE: HPQ) today announced financial results for its first fiscal quarter ended January 31, 2012. For the quarter, net revenue of $30.0 billion was down 7% from the prior-year period, and down 8% when adjusted for the effects of currency.

GAAP diluted earnings per share (EPS) was $0.73, down 38% from the prior-year period. Non-GAAP diluted EPS was $0.92, down 32% from the prior-year period. First quarter non-GAAP earnings information excludes after-tax costs of $364 million, or $0.19 per diluted share, related to amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

“In the first quarter, we delivered on our Q1 outlook and remained focused on the fundamentals to drive long-term sustainable returns,” said Meg Whitman, HP president and chief executive officer. “We are taking the necessary steps to improve execution, increase effectiveness and capitalize on emerging opportunities to reassert HP’s technology leadership.”

Earnings highlights

Q1 FY12 Q1 FY11 Y/Y
GAAP net revenue ($B) $30.0 $32.3 (7%)
GAAP operating margin 6.8% 10.5% (3.7 pts)
GAAP net earnings ($B) $1.5 $2.6 (44%)
GAAP diluted EPS $0.73 $1.17 (38%)
Non-GAAP operating margin 8.6% 12.4% (3.8 pts)
Non-GAAP net earnings ($B) $1.8 $3.0 (40%)
Non-GAAP diluted EPS $0.92 $1.36 (32%)
Information about HP’s use of non-GAAP financial information is provided under “Use of non-GAAP financial information” below.

Trends and regional performance

In the Americas, first quarter revenue was $13.2 billion, down 9% year over year and down 8% when adjusted for the effects of currency. Europe, the Middle East and Africa revenue of $11.7 billion was down 4% year over year and down 5% when adjusted for the effects of currency. Revenue in Asia Pacific was $5.2 billion, representing a 10% decrease year over year and down 12% when adjusted for the effects of currency.
Revenue from outside of the United States in the first quarter accounted for 66% of total HP revenue. BRIC countries (Brazil, Russia, India and China) generated revenue of $3.1 billion, down 13% from the year-ago period, and representing 10% of total HP revenue.

Revenue in HP’s commercial businesses declined 4% year over year. Revenue in HP’s consumer businesses, within PSG and IPG, was collectively down 23% year over year.
Business group results

Personal Systems Group (PSG) revenue declined 15% year over year with a 5.2% operating margin. Commercial client revenue declined 7%, Consumer client revenue declined 25% and Workstations revenue was flat. Total units were down 18%, with a 19% decline in desktop units and an 18% decline in notebook units.

Services revenue of $8.6 billion grew 1% year over year with a 10.5% operating margin. Technology Services revenue grew 2%, Application and Business Services revenue was flat and IT Outsourcing revenue grew 2% year over year.

Imaging and Printing Group (IPG) revenue declined 7% year over year with a 12.2% operating margin. Commercial hardware revenue was down 5% year over year with commercial printer units down 10%. Consumer hardware revenue was down 15% year over year with a 15% decline in printer units.

Enterprise Servers, Storage and Networking (ESSN) revenue declined 10% year over year with an 11.2% operating margin. Networking revenue was flat, Industry Standard Servers revenue was down 11%, Business Critical Systems revenue was down 27% and Storage revenue was down 6% year over year.

Software revenue grew 30% year over year with a 17.1% operating margin, including the results of Autonomy. Software revenue was driven by 12% license growth, 22% support growth and 108% growth in services.

HP Financial Services revenue grew 15% year over year driven by an 8% increase in net portfolio assets and flat financing volume. The business delivered a 9.6% operating margin.
Asset management

HP generated $1.2 billion in cash flow from operations in the first quarter. Inventory ended the quarter at $7.3 billion, with days of inventory up 3 days year over year to 28 days. Accounts receivable of $15.9 billion was up 2 days year over year to 48 days. Accounts payable ended the quarter at $12.4 billion, down 2 days from the prior-year period at 48 days. HP’s dividend payment of $0.12 per share in the first quarter resulted in cash usage of $244 million. HP also utilized $780 million of cash during the quarter to repurchase approximately 29 million shares of common stock in the open market. HP exited the quarter with $8.2 billion in gross cash.
Outlook

For the second quarter of fiscal 2012, HP estimates non-GAAP diluted EPS to be in the range of $0.88 to $0.91 and GAAP diluted EPS to be in the range of $0.68 to $0.71.
Second quarter fiscal 2012 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.20 per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

There is no change to HP’s previously provided full year fiscal 2012 outlook of non-GAAP diluted EPS of at least $4.00 and GAAP diluted EPS of approximately $3.20.
Full year fiscal 2012 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.80 per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.

As part of its annual financial review process, HP implemented several organizational realignments effective Q1 FY12. To provide improved visibility and comparability, HP has reflected these realignments in prior financial reporting periods on an as-if basis. These realignments resulted in, among other things, the transfer of revenue within and among various financial reporting segments and business units. The changes do not impact HP’s previously reported consolidated net revenue, earnings from operations, net earnings or earnings per share at the company level. To reflect these changes, HP released modified quarterly and annual consolidated condensed statements of earnings, segment financial results and statements of business unit revenue for fiscal 2010 and 2011, which are available on HP’s Investor Relations website at www.hp.com/investor/home.

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AT&T to pay TiVo $215 million through 2018 to settle patent lawsuit

Wednesday, January 4th, 2012

AT&T has settled a patent lawsuit with TiVo in which it will pay the DVR vendor $215 million through June 2018, including an initial payment of $51 million. AT&T will also pay “incremental recurring per subscriber monthly license fees” to TiVo through July 2018 if its subscriber base surpasses a certain level, TiVo said in a statement Wednesday. AT&T and TiVo were locked in a patent battle after AT&T began to market its own digital video recorder using a technology patented by TiVo. TiVo also recently settled similar lawsuits with Dish Network and EchoStar Corp. Read on for more.

“We are extremely pleased to reach an agreement with AT&T, which acknowledges the value of our intellectual property,” said Tom Rogers, CEO and President of TiVo. “This settlement, on the heels of our recent operational success that has resulted in the growth of TiVo’s overall subscriber base, is another major accomplishment for TiVo and we believe a great outcome for our shareholders. The combination of guaranteed payments and future additional fees paid to TiVo in the event that AT&T’s pay TV business continues to grow in-line with consensus analyst expectations, represents hard-earned compensation for our IP enforcement efforts.”

Rogers continued, “The settlement also provides us rights to innovate TiVo products and services under license from AT&T and allows us to avoid significant legal expenses that we expect would have been incurred by us during and after trial.” TiVo’s full press release follows below.

TiVo Announces Settlement of Patent Litigation With AT&T; TiVo and AT&T Enter Into a Patent Licensing Arrangement

ALVISO, CA — (Marketwire) — 01/03/2012 — TiVo Inc. (NASDAQ: TIVO) announced today that it has settled its pending patent litigation with AT&T and that the companies have entered into a mutual patent licensing arrangement. Under the terms of the settlement, AT&T agreed to pay TiVo an initial payment of $51 million, followed by recurring quarterly guaranteed payments through June 2018, totaling $164 million, which together yield minimum payments of $215 million. In addition to these minimum payments, AT&T will pay incremental recurring per subscriber monthly license fees through July 2018 should AT&T’s DVR subscriber base exceed certain levels.

As part of the settlement, TiVo and AT&T agreed to dismiss all pending litigation between the companies with prejudice. The parties also entered into a cross license of their respective patent portfolios in the advanced television field.

“We are extremely pleased to reach an agreement with AT&T, which acknowledges the value of our intellectual property,” said Tom Rogers, CEO and President of TiVo. “This settlement, on the heels of our recent operational success that has resulted in the growth of TiVo’s overall subscriber base, is another major accomplishment for TiVo and we believe a great outcome for our shareholders. The combination of guaranteed payments and future additional fees paid to TiVo in the event that AT&T’s pay TV business continues to grow in-line with consensus analyst expectations, represents hard-earned compensation for our IP enforcement efforts. The settlement also provides us rights to innovate TiVo products and services under license from AT&T and allows us to avoid significant legal expenses that we expect would have been incurred by us during and after trial.”

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RIM reveals BlackBerry Bold 9790, Curve 9380; launching in coming weeks

Wednesday, November 16th, 2011

RIM unveiled two brand new BlackBerry 7 devices on Tuesday: the BlackBerry Bold 9790 and the BlackBerry Curve 9380. The Bold 9790 is equipped with a 1GHz processor, a 2.44-inch touchscreen display with a 480 x 360-pixel resolution, support for near-field communications (NFC), 8GB of storage and a full QWERTY keyboard. Much like the Torch 9850/9860, the Curve 9380 offers a 3.2-inch full touchscreen display with a 480 x 360-pixel resolution, NFC support and a 5-megapixel camera. The phones offer such minute updates to RIM’s existing portfolio of phones that we’re really not quite sure why they need to exist, but RIM says they will be available from a number of carriers around the globe in the coming weeks. Read on for the full press release. 

Research In Motion Expands BlackBerry 7 Portfolio with the New BlackBerry Bold 9790 and BlackBerry Curve 9380 Smartphones

JAKARTA, INDONESIA AND WATERLOO, ONTARIO, Nov 15, 2011 (MARKETWIRE via COMTEX)

Research In Motion (RIM) RIMM +0.60% CA:RIM -0.43% today announced two new smartphones based on the BlackBerry(R) 7 operating system (OS) – the BlackBerry(R) Bold(TM) 9790 and BlackBerry(R) Curve(TM) 9380.

The new smartphones offer impressively slim and stylish designs with enhanced communications, multimedia, productivity and social connectivity features. The BlackBerry Bold 9790 is both powerful and compact, offering users a fully loaded, high performance smartphone with the dual benefits of a high resolution touch display and a highly tactile keyboard. The BlackBerry Curve 9380 is the first-ever BlackBerry(R) Curve(TM) smartphone with a touch display. It continues to deliver the powerful social experiences, ease-of-use and smaller handset size that distinguish the BlackBerry Curve family, while also offering Curve users the choice of a larger display and an all-touch design.

“We are very excited to expand the BlackBerry 7 portfolio with the new BlackBerry Bold 9790 and BlackBerry Curve 9380,” said Carlo Chiarello, Senior Vice President, Handheld Product Management at Research In Motion. “BlackBerry smartphones offer a uniquely refined mobile communications experience that people love and we think many customers will be thrilled by the faster performance, beautiful touch displays and compact designs available with these new BlackBerry 7 based models.”

BlackBerry Bold 9790 Smartphone with Touch Display and Keyboard

True to the BlackBerry Bold brand, the new BlackBerry Bold 9790 smartphone is powerful, full-featured and built with premium materials and finishes. It combines a high-resolution and highly responsive touch display with a highly tactile keyboard and a precise optical trackpad, but comes in a narrow design that is easy to carry and exceptionally comfortable to hold. With the BlackBerry 7 OS and powerful 1 GHz processor, the BlackBerry Bold 9790 delivers fast, smooth performance for browsing the web, running apps, working with documents, and enjoying multimedia. It includes 8GB of onboard memory and an expandable memory card slot that supports up to 32 GB of additional storage.

All-Touch BlackBerry Curve 9380 Smartphone

The finely crafted BlackBerry Curve 9380 is the first all-touch smartphone in the BlackBerry Curve family. It features a highly responsive and brilliant 3.2″ high resolution display and comes with preinstalled social networking apps, including BBM(TM) (BlackBerry(R) Messenger), Facebook(R), Twitter(TM) and Social Feeds apps, that offer a fun, easy and smoothly integrated mobile experience. This compact and stylish handset also features a 5MP camera with flash and video recording, allowing users to easily capture and share their favorite moments with family, friends and colleagues.

Powerful BlackBerry 7 OS

The BlackBerry Bold 9790 and BlackBerry Curve 9380 are both powered by the new BlackBerry 7 OS, which delivers a faster and richer user experience with improved browsing, voice-activated searches, and support for Augmented Reality and NFC (Near Field Communications). It also includes the ability to manage personal content separately from corporate content, and comes with a variety of personal and productivity apps out of the box.

BlackBerry 7 also introduces an enhanced browser that provides a significantly faster, more fluid web browsing experience. The browser includes a new JIT (just in time) JavaScript compiler to improve the load time speed of web pages and it offers optimized HTML5 performance for incredible gaming and video experiences. The popular universal search capability has also been enhanced with support for voice-activated search, so users can simply speak to begin searching their device and the web for information.

The BlackBerry Bold 9790 and BlackBerry Curve 9380 smartphones include built-in support for Augmented Reality and NFC, allowing users to connect with the world around them in fresh new ways. With the Wikitude Augmented Reality application, users can find nearby BBM (BlackBerry Messenger) contacts in real-time, read reviews on restaurants close to them, or get the story behind an interesting landmark and points of interest. NFC also enables many new and exciting capabilities, including the ability to make mobile payments, pair accessories or read SmartPoster tags with a simple tap of the smartphone.

BlackBerry 7 includes a number of preinstalled applications and integrated functionality for increasing productivity and easy sharing and collaboration right out of the box. The Premium version of Documents To Go is included free of charge, offering users powerful document editing features as well as a native PDF document viewer. BlackBerry(R) Protect is pre-loaded(i), offering customers the peace of mind that personal data can be backed up and secured in the cloud. BlackBerry(R) Balance is integrated in BlackBerry 7, allowing users to enjoy the full BlackBerry smartphone experience for both work and personal purposes without compromising the IT department’s need for advanced security and IT controls. The Social Feeds (2.0) app has been extended to capture updates from media and favorites all in one consolidated view. The Facebook for BlackBerry smartphones (2.0) app introduces features like Facebook chat and BBM integration that makes it easier for users to connect with their Facebook friends in real time.

Availability

The BlackBerry Bold 9790 and BlackBerry Curve 9380 smartphones will begin to be available from various carriers around the world over the coming weeks. Availability dates for specific devices from specific carriers will be announced in conjunction with RIM’s partners.

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ViewSonic announces 1.5GHz dual-OS ViewPad 10pro tablet

Tuesday, August 16th, 2011

ViewSonic on Monday unveiled the new ViewPad 10pro tablet, a dual-OS offering that packs both Windows and Android into a slim 10.1-inch slate. The ViewPad 10pro is one of the first consumer tablets powered by Intel’s 1.5GHz Atom Z670 processor, which minimizes power consumption and allows the 10pro to run for up to 8 hours on a single charge. “We listened to our customers. We made the ViewPad 10pro dual OS interface as quick and intuitive as possible, while partnering with industry CPU leader Intel to deliver the latest in design and innovation across all fronts,” said ViewSonic VP of business development Michael Holstein in a statement. The ViewPad 10pro will be available with Windows 7 Professional, Android 2.3 and a 32GB SSD for $699 or with Windows 7 Home Premium, Android 2.3 and a 16GB SSD for $599 when it launches later this month. ViewSonic’s full press release follows below.

ViewSonic Brings Dual OS Intel Atom Processor-Based Tablet to Market

ViewPad® 10pro Delivers the Best of Both Worlds in a 10.1″ Tablet, Offering a True Dual Windows® and AndroidTM OS Experience

WALNUT, CA–(Marketwire – Aug 15, 2011) - ViewSonic Corp., a leading global provider of computing, consumer electronics and communications solutions, today announced its latest 10.1″ Windows® and Google Android™ dual OS tablet — the ViewPad 10pro.

The ViewPad 10pro is one of the first tablet solutions to be powered by the new 1.5GHz Intel®Atom™ processor Z670. Designed specifically for tablets, this new CPU minimizes power consumption, while enabling smaller and thinner product designs. Partnered with a 1024×600 capacitive multi-touch panel, ViewPad 10pro users can enjoy impressive Full HD 1080p video playback, fast Internet browsing and longer battery life, without sacrificing on performance. Paired with 2GB of integrated memory, the ViewPad 10pro is the optimal mobile computing powerhouse.

“We listened to our customers. We made the ViewPad 10pro dual OS interface as quick and intuitive as possible, while partnering with industry CPU leader Intel to deliver the latest in design and innovation across all fronts,” said Michael Holstein, vice president of business development, ViewSonic.

Tailored for business users, the ViewPad 10pro makes it even easier to enjoy a dual OS experience within a single tablet. Android 2.3 runs as an application on top of the Windows 7 operating system so users need to simply tap on the Android icon to make a seamless switch between business productivity and ultimate entertainment. Throw in the built-in Wi-Fi 802.11 b/g/n, Bluetooth 2.1 + EDR, an HDMI out for content sharing, a 1.3 megapixel built-in front camera and a high capacity battery for up to 8 hours of battery life, and you get the ViewPad 10pro — a fully optimized, true dual OS tablet to keep users connected.

“The new Intel Atom processor-based tablet from ViewSonic is a cool, and distinguished product that brings a personalized and flexible experience,” said Bill Kircos, general manager of marketing for Intel’s Netbook and Tablet Group. “Our Intel platform supports multiple operating systems, and this tablet shows how consumers can move between Windows and Android experiences in a way that offers rich graphics, high-definition audio, easy Internet browsing and longer battery life in a slick form factor.”

To ensure the ViewPad 10pro grows with each person’s individual needs, the device offers expandable storage options via a micro SD card slot for up to 32GB of additional space. The dual OS ViewPad 10pro is available in two configurations — with Windows 7 Professional (with a 32GB SSD hard drive) and Android 2.3 for an ESP of $699, or with Windows 7 Home Premium (with a 16GB SSD hard drive) and Android 2.3 for an ESP of $599. A custom docking station accessory is also available for an ESP of $59. Both tablet configurations will be widely available in late August, with limited numbers currently available.

For more information on ViewSonic’s products, please visit ViewSonic.com or follow ViewSonic on Facebook, Twitter and YouTube.

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Mobile payment transactions to hit $670 billion by 2015

Tuesday, July 5th, 2011

According to a new study published by Juniper Research, the value of near-field communications (NFC) purchases, mobile-sourced money transfers, and mobile payments for digital and physical goods, will reach $670 billion by 2015. That’s a substantial jump up from the $240 billion Juniper Research has pegged for the total value of mobile payments this year. The research firm said that during the next 18 months, 20 countries will begin deploying NFC payment systems and services; transactions from those services will be in the ballpark of $50 billion by 2014. Most recently, Google announced its Google Wallet and Google Deals services in the U.S., and the search giant has large retail partners on board, including Citi, Subway, Mastercard, Sprint, Macys, and Walgreens. The Far East and China, Western Europe, and North America are the largest mobile payment regions, and those areas “will represent 75% of the global mobile payment gross transaction value by 2015,” the report said. Read on for the full release from Juniper Research.

Mobile Payments Market to Almost Triple in Value by 2015 Reaching $670bn, According to New Juniper Report

HAMPSHIRE, UNITED KINGDOM–(Marketwire – Jul 5, 2011) – A new study from Juniper Research has determined that the total value of mobile payments for digital and physical goods, money transfers and NFC (Near Field Communications) transactions will reach $670bn by 2015, up from $240bn this year. These forecasts represent the gross merchandise value of all purchases or the value of money being transferred.

The new Mobile Payments Strategies report revealed that all segments will exhibit 2x to 3x growth over the next five years. This growth will be driven by the rapid adoption of mobile ticketing, NFC contactless payments, physical goods purchases and money transfers as people in both developed and developing countries use their devices for everyday transactions.

Some 20 countries are expected to launch NFC services in the next 18 months, resulting in transactions approaching $50 billion worldwide by 2014. Meanwhile the need for financial access in developing countries is such that active mobile money users will double by 2013 and drive transaction values accordingly.

Senior analyst David Snow explained: “Our analysis shows that emerging segments such as physical goods payments, NFC and money transfers will fuel market growth by a factor of 2.7 times by 2015. Digital goods is the largest segment and, although forecast to more than double, it is not growing as quickly as some of the newer segments.”

Other key messages from the report include:

  • The top 3 regions for mobile payments (Far East & China, W. Europe and N. America) will represent 75% of the global mobile payment gross transaction value by 2015.
  • Digital goods payments will account for nearly 40% of the market in 2015.

The study provides the big picture of mobile payments, providing forecasts of the main market segments of digital and physical goods purchases, contactless NFC and domestic and international money transfers and remittances, providing regional forecasts of gross transaction values.

A new Mobile Money Whitepaper and further details of the study, ‘Mobile Payment Strategies: Opportunities & Markets 2011-2015′ can be freely downloaded from www.juniperresearch.com. Alternatively, please contact John Levett at john.levett@juniperresearch.com, telephone +44(0)1256 830001.

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

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ViewPad 10 dual-boot tablet now available from ViewSonic

Monday, March 7th, 2011

ViewSonic announced on Monday the immediate availability of its unique dual-boot tablet, the ViewPad 10. First announced this past November, the ViewPad 10 is an Atom-based tablet that features a 10-inch 1024 x 600-pixel touchscreen display, a 1.66GHz Intel Atom processor, 2GB of memory, Wi-Fi 802.11 b/g/n, Bluetooth 2.1 + EDR and a 1.3 megapixel front-facing camera for video chat. Most notably, however, it features a dual-boot configuration that allows users to boot either Android 1.6 or Windows 7 on demand. ”The lines of professional and personal life are blurring, which creates a need for devices that are suited for both sides,” said Adam Hanin, vice president of marketing for ViewSonic Americas, in a statement. “The ViewPad 10 delivers just that by enabling users to merge business productivity with personal enjoyment anywhere, anytime.” The ViewPad 10 is available immediately for $599 (16GB SSD, Windows 7 Home Premium) or $679 (32GB SSD, Windows 7 Professional). Hit the break for ViewSonic’s full press release.

ViewSonic Delivers the Best of Both Worlds With Immediate Availability of Its ViewPad® 10 Tablet

10.1″ Dual-Boot Tablet Brings to Customers a New Level of Convenience

WALNUT, CA–(Marketwire – March 7, 2011) - ViewSonic Corp., a leading global provider of computing, consumer electronics and communications solutions, today announced North American availability of the ViewPad 10. Giving users a choice between Windows® 7 and Google Android™ within the same device, this 10.1″ dual-boot tablet is ideal for maximizing business productivity alongside entertainment.

“The lines of professional and personal life are blurring, which creates a need for devices that are suited for both sides,” said Adam Hanin, vice president of marketing for ViewSonic Americas. “The ViewPad 10 delivers just that by enabling users to merge business productivity with personal enjoyment anywhere, anytime. We are proud of our 10-year tablet history and are dedicated to further extending our tablet product portfolio to meet every individual need.”

Packed with a high speed Intel® Atom™ 1.66GHz processor and integrated 2GB of memory, the ViewPad 10 is a powerhouse of mobile computing. Built with a 1024×600 panel with LED backlight technology partnered with capacitive multi-touch functionality, the device provides a crystal clear viewing experience, even when multitasking across several applications.

The ViewPad 10 enables consumers to take Windows on the road, allowing access to Flash-based content and programs like Word, Excel, PowerPoint and Adobe Acrobat, wherever they are. Plus social media applications like Facebook and Twitter, sharing photos and surfing the Web through Google’s Android 1.6 platform are only a switch away, making this device the perfect companion for those looking to work, play and share on the go. Throw in the built-in Wi-Fi 802.11 b/g/n, Bluetooth 2.1 + EDR and 1.3 megapixel built-in front camera, the ViewPad 10 is fully optimized to keep users connected.

To ensure the ViewPad 10 grows with each person’s individual needs, the device offers expandable memory options via a micro SD card slot for up to 32GB of additional space. The dual-boot ViewPad 10 is now available — with Android 1.6 and either Windows 7 Home Premium (with a 16GB SSD hard drive) or Windows 7 Professional (with a 32GB SSD hard drive) for respective ESPs of $599 and $679.

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TiVo Premiere will offer Hulu Plus channel as well

Tuesday, September 28th, 2010

In a seemingly coordinated strike, Roku and TiVo both announced the availability of Hulu Plus streaming content via their respective set-top boxes. TiVo writes that they have, “teamed with Hulu to provide TiVo Premiere DVR subscribers with access to the full-array of Hulu Plus content streamed instantly to their TVs. The Hulu Plus channel will be available to all TiVo Premiere customers in the coming months.” Like the Roku offering, a Hulu Plus subscription — $9.99 per month — is required. The full press release is after the break.

TiVo Will Offer Hulu Plus on TiVo Premiere DVRs

ALVISO, CA — (Marketwire) — 09/28/2010 — TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in advanced television services including digital video recorders (DVRs) for consumers, content distributors and consumer electronics manufacturers, today announced that it has teamed with Hulu™ to provide TiVo® Premiere DVR subscribers with access to the full-array of Hulu Plus™ content streamed instantly to their TVs. The Hulu Plus channel will be available via subscription to all TiVo Premiere customers in the coming months.*

The agreement solidifies TiVo’s leading position as the only one-box solution on the market that delivers the most complete entertainment content to the TV with the unmatched ability to use one user interface and one remote to access a sea of broadband, linear and video on demand content.

Hulu Plus offers one of the deepest offerings of current TV shows on a streaming platform to subscribers in the U.S., including every episode of more than 45 current hit programs from ABC, FOX and NBC like Modern Family, Grey’s Anatomy, Glee, Family Guy, The Office and 30 Rock. In addition, TV lovers with TiVo Premiere DVRs will be able to enjoy full series runs and numerous back seasons of dozens of classic shows like The X-Files, Law and Order: SVU, Arrested Development, Saturday Night Live, Miami Vice, Ugly Betty, Quantum Leap, Buffy the Vampire Slayer, Angel, Roswell and Ally McBeal.

“Adding Hulu Plus to TiVo’s content offering was really the key missing piece to the programming portfolio that TiVo needed in order to deliver a truly comprehensive advanced television offering on the market today — bar none,” said Tara Maitra, VP & General Manager, Content Services and Ad Sales, TiVo Inc. “TiVo is the complete TV entertainment solution. No other service is as robust or offers consumers the ability to access live TV, Web video, and video on demand content from one box like TiVo does.”

Pete Distad, VP of Content Distribution for Hulu, said, “We are laser focused on helping people find and enjoy the world’s premium video content when, where and how they want it. Our goal for Hulu Plus is to provide as much consumer choice as possible, and Hulu Plus on TiVo’s Premiere DVR offering is a compelling way for us to drive our mission forward.”

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