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Apple Reports Revenue of $37.4 Billion in Q3, Missing Estimates

Wednesday, July 23rd, 2014

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Apple posted a better than expected profit for the third quarter, but overall revenue and iPad sales came in a bit light, raising concerns among analysts

Apple reported earnings of $1.28 per share on revenue of $37.4 billion for the June quarter, beating Wall Street estimates for earnings of $1.23 per share but missing on revenue of $37.99 billion.

See also: Apple Is Starting to Get Exciting Again

The company sold 35.2 million iPhones during the quarter, up from 31.2 million the same quarter a year earlier and roughly matching analyst estimates. That’s particularly impressive considering that Apple is expected to launch the next iPhone model in a couple months. The company credited the increase in part to a 55% year-over-year increase in sales in Brazil, Russia, India and China. Read more…

More about Apple, Stocks, and Business

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1st Murder at Target Store since Law-Abiding Citizens Asked to Shop Unarmed

Wednesday, July 23rd, 2014

On July 22, a man was fatally shot in the parking lot of a Van Nuys, Los Angeles, Target just weeks after the department store chain “respectfully” asked law-abiding citizens not to bring their guns tothe stores.

According to ABC 7 Los Angeles, a man in his 40s was shot in the early morning hours “and rushed to Holy Cross Medical Center, where he died.”

Police believe the gunman may have gang ties, but the victim did not.

On July 9, Breitbart News reported there had been two robberies at Target stores within one week of Target interim CEO John Mulligan “respectfully” asking law-abiding shoppers to leave their guns at home.

A similar pattern was observed at Jack in the Box stores, after they too asked law-abiding customers not to bring guns to their restaurants. Within two weeks of making that request, two Jack in the Box stores were robbed, and a shooting took place at a third.

Follow AWR Hawkins on Twitter @AWRHawkins Reach him directly at awrhawkins@breitbart.com.








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Comcast’s customer losses are slowing, which is no surprise since it’s so hard to leave

Tuesday, July 22nd, 2014

Even as cable giant Comcast tries to get bigger by absorbing Time Warner Cable, its own revenue grew in the last quarter to $16.8 billion, up 3.5 percent from last year, and net income hit $1.99 billion. The most important number for a subscription…

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Internet Explorer 9 nears 4% share on Windows 7, IE6 extinction countdown picks up steam

Tuesday, July 22nd, 2014

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Microsoft has shared some news about the state of its most and least loved Web browsers — Internet Explorer 9 and 6, respectively. Even with IE9 only recently exiting beta, Microsoft reports that 3.6% of Windows 7 users are now running the new browser (no mention of Vista… what’s with that?). The post also reveals that the adoption rate is almost five times what IE8 garnered in the early going.

It’s also interesting to note that there are now more than 1,000 sites utilizing Internet Explorer 9′s Windows 7 integration features — like the new desktop notification support we showed you in Hotmail.

But perhaps the best news of all is that Microsoft’s IE6countdown.com now has more than 400 partners and is generating nearly two million pageviews per month, helping to lure users away from the woefully out-of-date browser. Can the end come soon enough, DS readers?

Internet Explorer 9 nears 4% share on Windows 7, IE6 extinction countdown picks up steam originally appeared on Download Squad on Fri, 01 Apr 2011 09:00:00 EST. Please see our terms for use of feeds.

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Nvidia Shield Tablet: An Android Tablet With a Game Console Inside

Tuesday, July 22nd, 2014

Nvidia Shield Tablet: An Android Tablet With a Game Console Inside

Last year, chip-maker Nvidia entered the hardware dojo with Shield, a weird but interesting Android gaming machine . Its successor has arrived, taking a form that’s a little more familiar. This is the Shield tablet, the first Android tablet straight-up made for games. We spent some time with it, and so far it delivers.

Read more…

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‘Did They Look Each Other in the Eyes One Final Time in a Wordless Goodbye?’

Tuesday, July 22nd, 2014

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“I’ve been thinking how horrible it must have been — the final moments of their lives when they knew the plane was going down…”

With tears in his eyes, Dutch Foreign Minister Frans Timmermans opened an emotional address to the UN Security Council on Monday with this thought

See also: The Nightmare Ukraine Has Been Living for Months

“Did they lock hands with their loved ones? Did they hold their children close to their hearts? Did they look each other in the eyes one final time in a wordless goodbye? We will never know.

Timmermans said the tragedy, which claimed the lives of 193 Dutch passengers, has left a hole in the heart of his nation. He then launched into an angry plea for his nation’s right to bring home the bodies. Read more…

More about Us World, World, Ukraine, and Mh17

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Elizabeth Berkley Talks the Saved By the Bell Lifetime Movie: “I Know Nothing, I’m Not Curious”

Tuesday, July 22nd, 2014

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LG G3 with Category 6 LTE and Snapdragon 805 announced in South Korea

Tuesday, July 22nd, 2014

To further reinforce the fact that South Korean users get all the latest gadgets, LG has announced a faster variant of the G3, one which features the Snapdragon 805 SoC, in its home market. The device will be available for sale in the country starting July 25.








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A Microsoft Surface Revenue Bet

Tuesday, July 22nd, 2014

Screen Shot 2014-07-21 at 4.56.14 PM After the introduction of the Surface Pro 3, I tweeted that I thought it would do pretty well in the market. I should have clarified that I meant that in the context of prior Surface sales, but I can’t edit tweets after the fact, so here we are. Read More

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IRS Might Have Lerner’s ‘Missing’ Emails Saved

Tuesday, July 22nd, 2014

As America’s attention is diverted to foreign affairs and plane crashes, the tale of IRS boss Lois Lerner’s purportedly “missing” emails is still evolving. Now, new testimony seems to show that these “missing” emails may be backed up, a development that contradicts what the IRS said only a month ago.

In an interview given to congressional investigators on Thursday, July 17, IRS Deputy Associate Chief Counsel Thomas Kane’s testimony cast doubt on previous claims that the emails are lost. Kane, who supervises the IRS’s targeting scandal document production to Congress, noted that he was now uncertain whether the back-up tapes with the emails were actually recycled.

During the testimony, Kane was asked to confirm if the emails and hard drives were gone, but he refused to say so.

“There is an issue as to whether or not there is a — that all of the backup recovery tapes were destroyed on the six month retention schedule. I don’t know whether they are or they aren’t, but it’s an issue that’s being looked at,” he said.

This is at odds with claims from the IRS that the tapes no longer exist and that Lois Lerner’s emails were permanently erased.

Kane also testified that up to 20 other IRS employees who just happened to have dealings with Lerner also may have had their emails “accidentally” destroyed in hard drive crashes and subsequent recycling of the hardware.

Among those whose emails may also have mysteriously vanished are Justin Lowe, Technical Advisor to the Commissioner of Tax-Exempt and Government Entities, David Fish, Manager of EO Guidance and advisor to Lois Lerner, Andy Megosh, Group manager in EO Guidance, and Kimberly Kitchens, an IRS revenue agent in Cincinnati.

The whole story seems quite fantastic to many IT workers across the nation. A recent article at the Washington Post asked a series of questions of the IRS, questions that reveal incredulity over the IRS’ claim that the emails are forever lost.

Dozens of questions still persist over the claims from the IRS that these important documents are lost. The answers are key to any trust in the Obama administration especially where it concerns an agency that forces everyone else to have decades of documents ready at hand at any given moment.

Transcript of Kane’s testimony

Q1- And the white paper that you identified, that you called a white paper in Exhibit 3, you said that you had an opportunity to review that before it was produced. Is that accurate?

A- Yes.

Q1- And to the best of your knowledge, was that document an accurate representation of the information within it?

A- At that time, that was certainly accurate.

Q1- And if you had had any concerns about the accuracy of that document, would you have raised them?

A- Yes.

Q1- And did you raise any concerns about the accuracy of that document?

A- As I indicated earlier, I had some issues that are suggested edits that I thought needed to be made, and there was a discussion about those, and there were some changes made. They weren’t major, but, you know, I was accommodated.

Q1- So the end product was accurate?

A- That was the state of knowledge and facts as we knew it when the document was set up.

Q1- Thank you very much. I really appreciate the many hours you’ve spent with us.

Q2- Sir, if I could just ask you one clarifying question based on your answers to those questions. You stated at the time that document was produced to Congress, the document, the white paper in Exhibit 3, that it was accurate to the best of your knowledge. Is it still accurate?

A- There is an issue as to whether or not there is a — that all of the backup recovery tapes were destroyed on the 6-month retention schedule.

Q2- So some of those backup tapes may still exist?

A- I don’t know whether they are or they aren’t, but it’s an issue that’s being looked at.

Q2- By who?

A- It’s part of the TIGTA investigation.

Q2- So no one in the IRS, to your knowledge, outside of TIGTA, is looking at that issue?

A- The IRS is not looking at anything being investigated by TIGTA.

Q2- And when was that issue identified?

A- Sometime after the white paper was sent up.

Q2- And has there been any discussion about disclosing that issue to Congress, to the best of your knowledge? A- I don’t know whether it has or it hasn’t been. I thought Chairman Issa asked a question about it at the last hearing, but I could be wrong about that.

Q2- The hearing with Commissioner Koskinen?

A- Yes.

Q2- And did the Commissioner give an accurate response to that question?

A- I forget how the question was framed, but I thought I had a recollection that Chairman Issa had asked the Commissioner about a backup tape issue looking — being looked at by TIGTA. That’s the context of my recollection.

Q2- Anything else that you’re aware of that you can tell us about about the issue of the potential availability of a backup tape?

Kane’s Counsel – Objection to form.

A- Again, it’s all under investigation by TIGTA at this point in time. And I don’t know if there is a backup tape with information on it or there isn’t. I know that there’s an issue out there about it.

Q2- Okay. Thank you, sir.

(Q1= Committee investigator #1; Q2= Committee investigator #2; A= Kane)

Follow Warner Todd Huston on Twitter (@warnerthuston) or email the author: igcolonel@hotmail.com


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