Tag - Auction
Former Apple manufacturing partner and sapphire crystal furnace manufacturer GT Advanced Technologies may soon be able to emerge from bankruptcy, following the filing of a new plan with the court that would see $60 million in new debt and $20 million in preferred stock put up by lenders early next year -- however, the plan does not include any compensation for shareholders or other investors. Under the proposal, ownership of the company would be transferred to creditors, which may still include Apple.
A painting by Andy Warhol based on an early Macintosh ad from 1985 will go on auction at Sotheby's in New York City in just over a week, with an opening minimum of $280,000 and an expected estimate of between $400,000 and $600,000 for a final purchase price. Warhol, who once met Steve Jobs (and received a brief tutorial on how to draw on the original Macintosh) when the Apple co-founder was installing a machine at John Lennon's house, painted the six-color Apple logo as part of the illustration.
Bonhams in New York City will auction another rare, fully-working Apple I computer said to be in "fantastic" condition in October, said to be one of the first 50 hand-constructed by Steve Wozniak and one of only six or seven units known to still be functioning. A number of the few remaining working units have been turned over at auction in recent years: Bonhams is expecting to fetch $500,000 or more for this latest unit, but others have sold for much more.
Apple plans to open at least three new stores in time for the retail debut of the Apple Watch -- though it is unclear if any of the stores will actually have Watches to sell, as the company has switched to an online pre-order system only ahead of the debut date. The stores will open in Hangzhou, China; Miami Beach, Florida; and Sao Paolo, Brazil. The latter two have already been officially announced for April 24 by Apple. Of these, Brazil is the only new store not to be part of the first wave of countries receiving the Apple Watch.
For the third year running, there is an opportunity for a winning bidder to have lunch with Apple CEO Tim Cook, thanks to a Charitybuzz online auction. The lunch data and a pair of VIP tickets to one of Apple's future keynote events are on auction to raise money for Cook's preferred charity, the Robert F. Kennedy Center for Justice and Human Rights. Last year, a similar auction raised $330,000 for the center. Current bidding, with 21 days to go, is $37,500.
Ian Rogers, who was previously the CEO of Beats Music and is still running the service now that it's at Apple, is auctioning a private lunch date in either Los Angeles or Cupertino as part of a charity fundraiser for The Pablove Foundation, a pediatric cancer research nonprofit. The auction, which is being run through Charitybuzz.com, estimates the value of the lunch at $3,000 but is of course hoping to raise much more.
The Federal Communications Commission (FCC) announced that it is delaying the upcoming 2015 incentive spectrum auction until at least early 2016. In a post from Gary Epstein, the chair of the FCC's Incentive Task Force, he said that recent court filings by broadcasters are causing the agency to push back the auction for spectrum previously assigned to television broadcasts.
The National Association of Broadcasters (NAB) has filed a petition with the United States Court of Appeals for the District of Columbia Circuit, seeking a review of the Federal Communications Commission's (FCC) 2015 spectrum auction. In the filing, the NAB states that the FCC isn't taking the proper precautions to protect broadcasters that choose to retain their spectrum. According to the NAB, an updated methodology the FCC is using will result in a loss of coverage area for remaining broadcasters.
A US District Court judge in Washington state issued a restraining order yesterday, placing a temporarily restriction on the bitcoins.com domain from being auctioned off. Yesterday, Tibanne KK, the company owned by former Mt. Gox CEO Mark Karpeles, was ordered to account for and hold all assets. The order stems from a legal issue between CoinLab and Mt. Gox dating back to 2013.
Apple is known for making history by inventing the future, but even its designer could not have predicted a new record shattered on Saturday as a special one-off red version of the new Mac Pro (which is not officially available for sale yet) was sold at a charity fundraising auction for $977,000 -- an all-time record for the priciest personal computer ever made or sold. A couple of other items also designed by Sir Jonathan Ive of Apple and designer Marc Newson also fetched record sums.
Now AAPL Stock: 94.02 ( -2.58 )
Remote S for Tesla Apple Watch app drives car out
Developer Allen Wong has created the Remote S for Tesla app, which can be used to remotely activate the Model S electric car via an Apple Watch, and drive it a short distance. Aside from providing data about the car and some basic function controls, the unofficial app uses the manufacturer's Summon command to allow the car to turn on, exit the garage, and park near to the user's location. The app is available to purchase from the App Store for $10. http://apple.co/1PprF4t
Seagate 3TB unreliability suit expands
The Seagate 3TB class-action hard drive lawsuit has been expanded to more devices. The expanded suit, filed today, now includes Seagate's Barracuda 3TB Hard Disk Drive, Desktop HDD 3TB, Backup Plus 3TB External Hard Disk Drive, GoFlex 3TB External Hard Disk Drive, or any other Seagate hard drive with model number ST3000DM001. The law firm, Hagens Berman, is seeking information from consumers such as time in service, purchase price, and the nature of any drive received in return from Seagate as a replacement for a failed unit. http://bit.ly/1Pc34Cq
BlackBerry Canada, Florida hit with layoffs
The BlackBerry campus has reportedly been wracked with layoffs. Sources familiar with the company's Waterloo office staffing claim that close to 35 percent of the local workforce has been laid off, with the deepest cuts being made in the BlackBerry 10 OS and hardware teams. Additionally, the state of Florida has been officially notified that the company's Sunrise facility will see 75 people fired. Enthusiast site Mobilesyrup puts the layoffs at around 1000 total. http://bit.ly/1Pc1Rep
Instagram tests multiple account support for iOS
Instagram is trialling support for multiple accounts in its iPhone app with a small number of users. The Facebook-owned photo sharing service confirmed the reports of the tests to TechCrunch, which will allow a single user to manage more than a single account within the app, transferring between two or three accounts with a few taps. It is unclear when the feature will roll out to the public, but it has previously tested it with the Android version of the app since November. http://tcrn.ch/1SPKEKh
Foxconn CEO declares Sharp deal near done
The Foxconn bid for Sharp is allegedly only waiting on specific details of the deal. Foxconn CEO Terry Gou has declared that his company has privileged negotiation rights for the Apple iPhone screen supplier, saying that "we have a consensus, the rest is a process ... I don't see a problem completing this process." Gou hopes the deal, worth up to $5.6 billion, will be formalized by the end of February. http://reut.rs/1SPEQjN
MIT demoes 'Eyeriss' AI chip for mobile
At the International Solid State Circuits Conference in San Francisco this week, MIT researchers presented a new chip designed specifically to implement neural networks. The researchers claim that "Eyeriss" is 10 times as efficient as a mobile GPU, so it could enable mobile devices to run artificial-intelligence algorithms such as Siri or Cortana, rather than uploading all data to a remote server for processing. http://bit.ly/1TISJBe
Pocket for iOS adds readability settings
Offline reader iOS app Pocket has updated, with reader-friendly changes. With the new revision, premium subscribers can adjust character spacing, and choose from eight new fonts including one that makes it easier for sufferers of dyslexia to read saved content. The app itself is free, with a premium subscription available for $5 a month, or $45 a year. http://apple.co/1KuILBl