Apple shares tumble after relatively unimpressive earnings report

Apple Inc. may still make products customers love, but its latest earnings report appears to have broken investors' hearts.

For the third quarter in a row, Apple reported revenue and profit that were impressive by normal standards, but short of what analysts had expected. Investors reacted harshly, driving Apple's stock price down more than 10% in after-hours trading Wednesday.

If that trend holds when trading opens Thursday, Apple will have lost almost $50 billion in market value in the blink of an eye, and its stock will have given up almost all the extraordinary gains it had made in the last year. Investors' and fund managers' belief in one of the world's most widely held stocks will be severely tested in the coming days.

More fundamentally, despite upbeat talk by Apple Chief Executive Tim Cook, the performance is unlikely to quell growing worries that Apple's remarkable run of dominance might be over.

"Overall, compared to other companies, it's impressive. But for Apple's standards, it's not great," said Patrick Moorhead of Moor Insights & Strategy. "I do think this somewhat fuels the perception that Apple is slowing down a bit.... And it's driven by the fact that some of its competitors are catching up, and in some markets have already caught up."

Apple executives did their best during an hourlong conference call with analysts to project optimism and excitement about both the last quarter and the months ahead. They noted that the company had trouble meeting demand for both iPads and Macs, and could have sold many more had they been able to build enough.

They also pointed to a growing business in China and the expansion of iTunes, which is now available in 119 countries.

"Apple is in one of the most prolific periods of innovation in its history," Cook said. "We continue to believe our fundamentals, our remarkable people, our clear and focused strategy will serve us well in the coming months and years ahead."

Cook praised the record numbers posted by Apple. For the three months that ended in December, Apple said revenue increased 18% to a record $54.5 billion. Profit also set an all-time high but was up only slightly from the year-earlier quarter, rising to $13.08 billion, or $13.81 a share, from $13.06 billion, or $13.87.

Apple said it sold a record 47.8 million iPhones last quarter, up from 37 million iPhones in the same quarter of 2011. Despite that massive figure, some analysts had hoped to see stronger demand with sales exceeding 50 million.

"Meeting expectations is not enough for Apple," said Colin Gillis of BGC Financial. "So that's a little bit of a disappointment…. International sales were a little weaker than people expected. So we'll see how that shakes out."

Last quarter saw the introduction of the iPad mini, a 7.9-inch version of Apple's popular tablet computer. The Cupertino, Calif., company said it sold a total of 22.9 million iPads in the quarter, also a record, up from 15.4 million a year earlier. The company didn't break out iPad mini numbers from its total tablet sales, but Chief Financial Officer Peter Oppenheimer told analysts that the smaller version has been a hit and that the company experienced significant backlog getting the product to store shelves. The 22% lower average selling price for Apple's tablets suggests the mini has performed well but probably cannibalized some sales of its 9.7-inch version.

Historic comparisons were challenging this year because the most recent quarter had only 13 weeks, compared with 14 weeks for the same quarter of 2011.

Like many retailers and consumer electronics companies, the quarter from October to December is typically Apple's largest because of the holiday shopping season. Last year, Apple managed to stun investors by beating its own revenue estimates by more than 25% and earnings forecast by nearly 50%. That sent the stock soaring.

But even as Apple extended its lead as the world's most valuable company, and set a record in August for most valuable company ever when not adjusted for inflation, doubts began to creep into the minds of analysts and investors.

Shares have plummeted 27% in the last four months. On Wednesday, shares rose $9.24, or 1.8%, to $514.01 during regular trading.

Apple reported strong earnings in both the third and fourth quarters last year, but the numbers missed analysts' consensus estimates. Gradually, analysts began lowering their forecasts for Apple's earnings for the current fiscal year. At the same time,

Apple experienced some uncharacteristic gaffes. The new Apple Maps app that replaced Google Maps on iOS 6 devices had reliability problems, prompting a rare apology by Apple. And the iPhone 5 that went on sale in September faced long shipping delays as Apple suppliers struggled to adapt to the new, longer screen size.

The dismissal of iOS chief Scott Forstall, a favorite of the late Apple co-founder Steve Jobs, raised eyebrows. But so did a new strategy for launching products: Whereas Apple updates to products used to be few and far between, the company has lately begun increasing the number of products as well as the introduction of new versions.

The first quarter saw one of the busiest product launch cycles in the company's history. The quarter was the first full quarter of sales for the iPhone 5, a new iPod Touch and nano, the fourth iPad, a new 13-inch Retina MacBook Pro, and, of course, the first iPad mini.

Observers have pointed to this accelerated pace as an indication that Apple is facing more competitive pressure from rivals such as Samsung Electronics Co., which is now the world's biggest seller of smartphones, with its Galaxy series of phones. The concern is that the faster upgrade cycle plus the smaller iPad mini will cut into Apple's historically high profit margins.

Such fears over lower profits have also been stoked by the debate over whether Apple plans to release a cheaper iPhone aimed at capturing market share in emerging economies and the concern that Apple has not been able to strike a deal with China's largest carrier.

Now that the first-quarter numbers have been released, analysts will be busy recalibrating their projections over the next couple of days. But the focus is also likely to shift to renewed speculation about new products that investors are hoping will drive another big run for the stock.

chris.obrien@latimes.com

andrea.chang@latimes.com

Read More..

Air Force defends handling of sex scandal

Top Air Force brass told a congressional panel Wednesday that they had made progress in addressing the underlying problems of culture and discipline that led to repeated cases of sexual misconduct at Lackland Air Force Base in Texas, calling sexual assault in the ranks "a cancer."

The generals' accounts were challenged by victims, who called sexual assaults in the military "epidemic" and insisted that alleged perpetrators be independently investigated and prosecuted outside the military chain of command.

The hearing before the House Armed Services Committee in Washington started with testimony by the Air Force's top commander, Gen. Mark A. Welsh III, and Gen. Edward D. Rice Jr., head of the training command at Joint Base San Antonio-Randolph. Lackland is part of the San Antonio-Randolph complex.

As of this week, 32 basic training instructors at Lackland have been under investigation and 59 possible victims of sexual misconduct have been identified by the base. A report in mid-November said that a faulty command culture and "leadership gap" at Lackland helped fuel the widening scandal.

Rice noted that "the vast majority of our instructors served with distinction in a very demanding duty assignment." However, he added, "We clearly failed in our responsibility to establish order and discipline among our instructors."

Six basic training instructors at Lackland have been convicted of sexual misconduct dating to 2008, two were given a nonjudicial punishment, and nine trials are pending. Next week, Staff Sgt. Eddy C. Soto faces a possible life sentence in the alleged rape of a female airman.

Initially, Rice said, trainers at Lackland believed the assaults were the actions of "a few bad apples."

"They've had to recognize they have a significant part to play in addressing the problem," he said.

Rice said that there had been cases at Lackland in which a commander decided "a court-martial was not the appropriate venue" for discipline and instead "used some of the other tools available to them uniquely in the military justice system," including nonjudicial punishment. But he said that did not mean the accused had escaped justice.

He noted that the length of time trainers serve had been reduced from four years to a maximum of three years, limiting their exposure to recruits at the Air Force's main site for basic training, where about 500 trainers churn out about 35,000 new airmen annually.

Of 46 recommended improvements submitted by Chief of Air Force Safety Maj. Gen. Margaret H. Woodward as part of her investigative report on Lackland last year, Rice said the Air Force had completed half and expected to have most of the rest done by the end of the year.

The Air Force has created "special victim teams" of two dozen military investigators trained to handle sexual assault cases; they go to work later this month. Sixty additional military lawyers have been trained as "special victims counsel," and the Air Force plans to hire and assign a victim advocate to every installation by October.

"The evidence indicates that our efforts are making a difference," Rice said in the televised hearing, noting that there had not been any reports of sexual misconduct in the last seven months.

However, reported sexual assaults in the Air Force increased nearly 30% last fiscal year to 796, according to testimony the generals submitted to the committee.

Welsh, who called sexual assaults a cancer, said victims needed to be better encouraged to come forward to pursue charges against their assailants, and that the military needed to do a better job of screening trainers.

The hearing did not include testimony from the alleged sexual assault victims at Lackland, nor from those charged or convicted in connection with the investigation. But two Air Force veterans who said they were sexually assaulted years ago did testify.

"It breaks my heart to see the same problems today that existed when I joined 16 years ago," said retired Air Force Tech. Sgt. Jennifer Norris, who said she was assaulted four times while serving, the first time as a 24-year-old recruit at Keesler Air Force Base in Mississippi.

Norris, 40, appeared on behalf of Protect Our Defenders, an advocacy group based in Burlingame, Calif. Norris, a member of the group's board, said she had talked to another alleged victim from the Air Force just this week and that many more were still afraid to speak up.

"If you want a career, you don't want to say anything because you get retaliated against; you get beat up and thrown out. We need to remove the chain of command from the reporting process — it's absolutely detrimental," she said, adding that as a military sexual assault victim, "You almost become a leper." She testified that two of her attackers pleaded guilty, but others were never charged.

Retired Air Force Chief Master Sgt. Cindy McNally told the committee that she was assaulted during her training in the 1970s at Chanute Air Force Base in Illinois and at a later post. She said the solution was not just to promote more women into military leadership.

"Doing what's right is genderless," said McNally, who was representing the Service Women's Action Network, a New York-based advocacy group. McNally said she reported the first incident but it was never pursued; she didn't bother to report the subsequent assault.

Rep. Jackie Speier (D-Hillsborough), who visited Lackland with a congressional delegation last year and has proposed legislation to remove such cases from the military chain of command, noted that after Britain experienced a similar military sex scandal in 2006, it created a separate unit within the military to prosecute sexual assaults. A year later, she said, the effort was deemed a success.

Rep. Susan A. Davis (D-San Diego), also part of the delegation to Lackland, said she had been disappointed in the military response to the scandal, but was "reluctant to take this out of the chain of command" because "to pull this out in some way says we don't believe our officers are capable of dealing with this issue."

"We are doing a better job of training prosecutors" to handle military sexual assaults, she said, "but it is still a big problem."

molly.hennessy-fiske@latimes.com

Read More..

Let’s Welcome Back Hockey with This ESPN Commercial

We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:  

RELATED: Cookie Monster Batman and the Dog You Wish You Had

Hockey, schmockey. As a whole, the Atlantic Wire staff is sort of ambivalent that the NHL is finally back. (Our Canadian correspondent, however, is thrilled.) But you know what we are thankful for? The ESPN commercial reminding us that the NHL is finally back: 

RELATED: Behold the Power of ‘Gangnam Style’

RELATED: The Robot That Performs Gangnam Style Better Than You

These people are awesome (and, hey, maybe some of them play hockey):

RELATED: The Uncle You Wish You Had and the Joy of Human Jukeboxes

RELATED: How to Ride an Impossibly Tiny Bicycle; One Adorable Jam Session

People are awesome, and also quite strange. Like this guy, who offers the world a video review of the Astor CB-100 (totally SFW), and the 33,000+ views his video has already gotten:

And finally, these are ponies in sweaters. Ponies in sweaters, people:

Wireless News Headlines – Yahoo! News

Title Post: Let’s Welcome Back Hockey with This ESPN Commercial
Url Post: http://www.news.fluser.com/lets-welcome-back-hockey-with-this-espn-commercial/
Link To Post : Let’s Welcome Back Hockey with This ESPN Commercial
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Voice actor for Charlie Brown arrested in Calif.

SAN DIEGO (AP) — The man who was the voice of Charlie Brown on many "Peanuts" television shows has been charged with stalking and threatening his former girlfriend and a plastic surgeon who gave her a breast enhancement he apparently didn't like.

Peter Robbins pleaded not guilty Wednesday in San Diego Superior Court.

Robbins was arrested Sunday at the San Ysidro Port of Entry after authorities doing a background check upon his return from Mexico spotted a warrant from the San Diego County Sheriff's Department.

Prosecutors say the 56-year-old stalked and threatened his former girlfriend, as well as the plastic surgeon. Authorities say Robbins paid for the breast enhancement.

He is being held on $550,000 bond.

Robbins was the voice of Charlie Brown on "A Charlie Brown Christmas" and other TV specials.

Read More..

Well: Long Term Effects on Life Expectancy From Smoking

It is often said that smoking takes years off your life, and now a new study shows just how many: Longtime smokers can expect to lose about 10 years of life expectancy.

But amid those grim findings was some good news for former smokers. Those who quit before they turn 35 can gain most if not all of that decade back, and even those who wait until middle age to kick the habit can add about five years back to their life expectancies.

“There’s the old saw that everyone knows smoking is bad for you,” said Dr. Tim McAfee of the Centers for Disease Control and Prevention. “But this paints a much more dramatic picture of the horror of smoking. These are real people that are getting 10 years of life expectancy hacked off — and that’s just on average.”

The findings were part of research, published on Wednesday in The New England Journal of Medicine, that looked at government data on more than 200,000 Americans who were followed starting in 1997. Similar studies that were done in the 1980s and the decades prior had allowed scientists to predict the impact of smoking on mortality. But since then many population trends have changed, and it was unclear whether smokers today fared differently from smokers decades ago.

Since the 1960s, the prevalence of smoking over all has declined, falling from about 40 percent to 20 percent. Today more than half of people that ever smoked have quit, allowing researchers to compare the effects of stopping at various ages.

Modern cigarettes contain less tar and medical advances have cut the rates of death from vascular disease drastically. But have smokers benefited from these advances?

Women in the 1960s, ’70s and ’80s had lower rates of mortality from smoking than men. But it was largely unknown whether this was a biological difference or merely a matter of different habits: earlier generations of women smoked fewer cigarettes and tended to take up smoking at a later age than men.

Now that smoking habits among women today are similar to those of men, would mortality rates be the same as well?

“There was a big gap in our knowledge,” said Dr. McAfee, an author of the study and the director of the C.D.C.’s Office on Smoking and Public Health.

The new research showed that in fact women are no more protected from the consequences of smoking than men. The female smokers in the study represented the first generation of American women that generally began smoking early in life and continued the habit for decades, and the impact on life span was clear. The risk of death from smoking for these women was 50 percent higher than the risk reported for women in similar studies carried out in the 1980s.

“This sort of puts the nail in the coffin around the idea that women might somehow be different or that they suffer fewer effects of smoking,” Dr. McAfee said.

It also showed that differences between smokers and the population in general are becoming more and more stark. Over the last 20 years, advances in medicine and public health have improved life expectancy for the general public, but smokers have not benefited in the same way.

“If anything, this is accentuating the difference between being a smoker and a nonsmoker,” Dr. McAfee said.

The researchers had information about the participants’ smoking histories and other details about their health and backgrounds, including diet, alcohol consumption, education levels and weight and body fat. Using records from the National Death Index, they calculated their mortality rates over time.

People who had smoked fewer than 100 cigarettes in their lifetimes were not classified as smokers. Those who had smoked at least 100 cigarettes but had not had one within five years of the time the data was collected were classified as former smokers.

Not surprisingly, the study showed that the earlier a person quit smoking, the greater the impact. People who quit between 25 and 34 years of age gained about 10 years of life compared to those who continued to smoke. But there were benefits at many ages. People who quit between 35 and 44 gained about nine years, and those who stopped between 45 and 59 gained about four to six years of life expectancy.

From a public health perspective, those numbers are striking, particularly when juxtaposed with preventive measures like blood pressure screenings, colorectal screenings and mammography, the effects of which on life expectancy are more often viewed in terms of days or months, Dr. McAfee said.

“These things are very important, but the size of the benefit pales in comparison to what you can get from stopping smoking,” he said. “The notion that you could add 10 years to your life by something as straightforward as quitting smoking is just mind boggling.”

Read More..

Number of homes entering foreclosure drops 22.1% to six-year low

California's foreclosure crisis eased considerably during the final quarter of last year, with the number of homes entering foreclosure dropping to a six-year low.

The steep decline, accompanied by a similar drop in home repossessions, clears the path for a quickened pace of recovery this year. Fewer foreclosures on the market should lead to higher home prices and a healthier real estate market.

"Ultimately, fewer foreclosures means an even tighter market, which means a more rapid recovery," said Christopher Thornberg, a principal at Beacon Economics. "I see very little to forestall the real estate market this year."

The real estate research firm DataQuick reported a 22.1% decline in default notices during the final three months of 2012 compared with the previous quarter — and a 37.9% drop from a year earlier. A total of 38,212 default notices were logged on California houses and condominiums last quarter, the lowest number since the final quarter of 2006. A default notice is the first formal step in the state's foreclosure process.

Since the number of new foreclosure cases peaked in early 2009, experts and analysts have feared a second wave of home loan defaults flooding the market. Three years later, that appears unlikely as banks turn to foreclosure alternatives and home prices rise.

"We are past the peak of this," said Kenneth Rosen, chairman of the Fisher Center for Real Estate and Urban Economics at UC Berkeley's Haas School of Business.

A steadily improving economy has helped ease homeowner woes. And the vast number of underwater borrowers — those owing more on their homes than they're worth — have continued to pay their mortgages instead of walking away. Rising home prices should help more underwater homeowners come up for air, allowing them to regain equity and sell their homes if they run into financial trouble.

"Home values increased through most of 2012, and the rate of increase picked up toward the end of the year," DataQuick President John Walsh said in a news release. "That means fewer and fewer homeowners are underwater."

California's median home price rose 22.4% last quarter to $300,000.

California has also been able to work through its foreclosure problem faster than other states, in part because foreclosures take place largely outside the courtroom, said Celia Chen, a housing economist with Moody's Economy.com. That means California has not been bogged down with the same level of paperwork issues and delays that states such as Florida or New York have experienced.

California has also benefited from economic growth from Asian trade and from the technology industry centered around Silicon Valley. Indeed, the technology-rich Bay Area's declines in default notices outpaced both the statewide drops and those in every other region.

Those foreclosed homes that are hitting the market are being snapped up by investors to either rent or flip. Investors bought 42% of all homes sold at foreclosure auctions statewide last quarter, according to DataQuick.

Big hedge funds have become so interested in cheaply priced homes that flippers are now increasingly searching for homes in the $400,000 to $600,000 range throughout Los Angeles County, said Robert Fragoso, executive vice president for Anchor Loans, which makes short-term loans to investors. The new interest among renovators in pricier homes should also push up prices. Already, some homes are selling for more than the asking price, Fragoso said.

"I am seeing the inventory levels right now at very, very, very low rates, especially when you are talking about the product that has already been remodeled," he said. "We are getting multiple offers on almost everything within days of it hitting the market."

Banks have been increasingly averse to foreclosure because state and federal regulators increased scrutiny on the process, which led to huge settlements as well as new laws. Major lenders have now stepped up short sales and other kinds of loan modifications to deal with troubled borrowers.

Although the foreclosure crisis has abated, the number of people losing their homes remains at a very high level compared with historical averages, said Paul Leonard, California director for the Center for Responsible Lending. Those entering foreclosure are most likely people suffering from California's still tough economy or those with the most limited resources. Aid programs and reforms by federal and state authorities are still needed, he said.

"One has to be very cautious," Leonard said, "even as we have seen substantial declines in the overall levels of default and foreclosure."

alejandro.lazo@latimes.com

andrew.khouri@latimes.com

Read More..

Even with record sales, Apple's earnings report may disappoint

If all goes according to plan Wednesday, Apple Inc. will report record revenue. The company will reveal that it sold more iPhones than in any previous quarter. And it will confirm that it hauled in another boatload of cash to swell its overflowing coffers.

In other words, Apple's earnings have all the makings of a colossal disaster.

That's because no matter how mind-blowing its performance, there is growing concern among investors that Apple's remarkable run of smartphone dominance is coming to an end. Although analysts' estimates for the company are all over the map, there is general agreement that Apple will not grow at nearly the same pace as it has over the last five years.

But after months of speculation and countless rumors that has helped drive the company's stock down 28% from its September peak, there is still widespread disagreement about how much that growth will slow and whether investors should be alarmed.

With observers desperate to finally hear what Apple executives have to say, the company's earnings report scheduled after the market closes Wednesday has become one of its most pivotal and highly anticipated in years.

Ben Reitzes, an analyst at Barclays, sent a recent note about Apple's earnings to clients under the title "Preparing for the Most Important Conference Call in Years."

Quiz: What set the Internet on fire in 2012?

"We believe that investor sentiment is quite negative right now for Apple, with significant concerns around demand trends for the iPhone 5," he wrote.

How investors adjust to that reality of slower growth is hard to predict. Will it be interpreted as a sign of weakness? Or just the reality that as a company gets bigger its pace of growth will inevitably slow?

First, the numbers. In October, Apple told Wall Street analysts that for its first quarter, which ended in December, investors should expect the company to report $52 billion in revenue and earnings of $11.75 a share.

But Apple tends to be notoriously conservative in its own guidance. For the same quarter a year earlier, Apple beat revenue estimates by more than 25% and earnings forecasts by nearly 50%. The surprising quarterly performance sent its stock into the stratosphere over the next nine months, eventually hitting an all-time high of $702.10 in September.

Such a huge surprise seems unlikely this time around. The consensus among Wall Street analysts is that Apple will report $54.7 billion in revenue and $13.41 a share in earnings. If the latter figure proves correct, that would represent a decline from the $13.87 a share in earnings that Apple reported for the same quarter last year. Not only would it be the first drop in a decade, but it also could confirm fears that Apple's new mix of products, including the iPad Mini, are hurting the company's historically high profit margins.

Making this all the more complicated is a quirk in the calendar. Last year, the same quarter had 14 weeks. This year, it has only 13 weeks. That means once the numbers are released, analysts and investors will have to do some fast calculations to make comparisons that are truly apples to apples.

In addition to worries about profit margins, investors have been fretting over rumors that the iPhone 5 has not been selling as well as expected, that rival Samsung Electronics Co. is widening its lead in smartphone sales, and that Apple's product upgrades don't dazzle like they once did. Of course, much of this is conjecture. But it has muddled projections, with analysts predicting that Apple could report earnings from as low as $11.53 a share to as much as $15.50 a share.

That kind of uncertainty has made investors even more eager than usual to hear any news about Apple's performance. Even more important than the numbers, however, is what Apple executives say about the future.

Since last summer, analysts have been growing more pessimistic about the current fiscal year, which ends in September, lowering their earnings projections to $48.86 a share from $54.87 a share in July. Should Apple lower that outlook further in the conference call Wednesday, it could trigger panic among Apple's investors.

"I think the concerns being reflected in the stock today have more to do with the next quarter than this one," said Walter Piecyk, a research analyst at BTIG.

To some analysts, the gloom over Apple's prospect is simply absurd. The value of the stock, trading at about 11 times earnings, is low by historical standards. Its price-to-earnings ratio hasn't been this low in more than five years, a period in which it has hovered between 15 and 20 times earnings.

And according to research firm Bespoke Investment Group, Apple is currently trading further below the consensus target ($728.36) than any of the other 100 largest stocks in the S&P 500. Apple on Tuesday closed up $4.77, or 1%, to $504.77‎.

In this view, the world's most valuable company is trading at bargain basement prices.

"There's nothing wrong with their business," said Colin Gillis, director of research at BGC Financial. "It's just a question of whether growth is going to slow. That had to happen eventually."

chris.obrien@latimes.com

Read More..

‘Atari’ Is in Trouble Again

Atari is declaring bankruptcy — twice. Both the U.S. video game company and its French parent have done so, the latest twist for the company which largely invented the video game industry and remains synonymous with it, despite having seen its glory days end by the mid-1980s.

But wait. Even though the Atari name celebrated its fortieth anniversary last year, it’s a mistake to talk about Atari as if it’s a corporate entity which has been around for four decades. (The Los Angeles Times’ Ben Fritz, for instance, refers to it as an “iconic but long-troubled video game maker.”) Instead, it’s a famous name which has drifted from owner to owner. It keeps being applied to different businesses, and yes, for all its fame, it does seem to be a bit of a jinx.

Here’s a quick rundown of what “Atari” has meant at different times (thanks, Wikipedia, for refreshing my memory):

1972-1976: It’s an up-and-coming, innovative startup cofounded by Nolan Bushnell and Ted Dabney.

1976-1984: It’s part of Warner Communications (which, years later, merged with Time Inc. to form Time Warner, overlord of this website). It’s a massively successful maker of video games and consoles, but then it crashes, along with the rest of the industry.

1984-1996: Atari morphs into a semi-successful maker of PCs when it’s acquired by Tramel Technology, a company started by Jack Tramiel, the ousted founder of Commodore.

1996-1998: Tramiel runs Atari into the ground. After merging with hard-disk maker JTS, the company and brand are largely dormant.

1998-2000: Atari resurfaces under the ownership of  toy kingpin Hasbro as a line of games published under the Atari Interactive name.

2000-present: It becomes a corporate entity controlled by French game publisher Infogrames, which increasingly emphasizes the Atari moniker over its own and takes over completely in 2008. In recent years, it’s focused on digital downloads, mobile games and licensing of its familiar brand and logo.

The above chronology doesn’t account for Atari’s original business: arcade games. As far as I can tell, the arcade arm was owned at different times by Warner Communications/Time Warner (twice!), Pac-Man purveyor Namco and arcade icon Midway, among other companies. But use of the Atari brand on arcade hardware petered out in 2001.

Basically, Atari has never been one well-defined thing for more than twelve years, max, at a time. That the name has survived at all is a testament to its power and appeal. And even though the current Atari has fallen on hard times, I’ll bet that the brand survives for at least a few more decades, in one form or another. Several forms, probably.

Gaming News Headlines – Yahoo! News

Title Post: ‘Atari’ Is in Trouble Again
Url Post: http://www.news.fluser.com/atari-is-in-trouble-again/
Link To Post : ‘Atari’ Is in Trouble Again
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Shakira gives birth to baby boy

LOS ANGELES (AP) — Shakira is a mama.

A spokeswoman for the 35-year-old Colombian singer says Shakira Mebarak and 25-year-old soccer star Gerard Pique of FC Barcelona welcomed son Milan Pique Mebarak on Tuesday at 9:36 p.m. in Barcelona, Spain.

A statement posted on the pop star's site in English, Spanish and Catalan says that "just like his father, baby Milan became a member of FC Barcelona at birth." The statement also says Milan weighed approximately 6 pounds, 6 ounces, and that "both mother and child are in excellent health."

Shakira asked fans earlier Tuesday on Twitter "to accompany me in your prayers on this very important day of my life."

Milan is the couple's first child.

___

Online:

http://shakira.com/

Read More..

The Well Column: Facing Cancer, a Stark Choice

In the 1970s, women’s health advocates were highly suspicious of mastectomies. They argued that surgeons — in those days, pretty much an all-male club — were far too quick to remove a breast after a diagnosis of cancer, with disfiguring results.

But today, the pendulum has swung the other way. A new generation of women want doctors to take a more aggressive approach, and more and more are asking that even healthy breasts be removed to ward off cancer before it can strike.

Researchers estimate that as many as 15 percent of women with breast cancer — 30,000 a year — opt to have both breasts removed, up from less than 3 percent in the late 1990s. Notably, it appears that the vast majority of these women have never received genetic testing or counseling and are basing the decision on exaggerated fears about their risk of recurrence.

In addition, doctors say an increasing number of women who have never had a cancer diagnosis are demanding mastectomies based on genetic risk. (Cancer databases don’t track these women, so their numbers are unknown.)

“We are confronting almost an epidemic of prophylactic mastectomy,” said Dr. Isabelle Bedrosian, a surgical oncologist at M. D. Anderson Cancer Center in Houston. “I think the medical community has taken notice. We don’t have data that say oncologically this is a necessity, so why are women making this choice?”

One reason may be the never-ending awareness campaigns that have left many women in perpetual fear of the disease. Improvements in breast reconstruction may also be driving the trend, along with celebrities who go public with their decision to undergo preventive mastectomy.

This month Allyn Rose, a 24-year-old Miss America contestant from Washington, D.C., made headlines when she announced plans to have both her healthy breasts removed after the pageant; both her mother and her grandmother died from breast cancer. The television personality Giuliana Rancic, 37, and the actress Christina Applegate, 41, also talked publicly about having double mastectomies after diagnoses of early-stage breast cancer.

“You’re not going to find other organs that people cut out of their bodies because they’re worried about disease,” said the medical historian Dr. Barron H. Lerner, author of “The Breast Cancer Wars” (2001). “Because breast cancer is a disease that is so emotionally charged and gets so much attention, I think at times women feel almost obligated to be as proactive as possible — that’s the culture of breast cancer.”

Most of the data on prophylactic mastectomy come from the University of Minnesota, where researchers tracked contralateral mastectomy trends (removing a healthy breast alongside one with cancer) from 1998 to 2006. Dr. Todd M. Tuttle, chief of surgical oncology, said double mastectomy rates more than doubled during that period and the rise showed no signs of slowing.

From those trends as well as anecdotal reports, Dr. Tuttle estimates that at least 15 percent of women who receive a breast cancer diagnosis will have the second, healthy breast removed. “It’s younger women who are doing it,” he said.

The risk that a woman with breast cancer will develop cancer in the other breast is about 5 percent over 10 years, Dr. Tuttle said. Yet a University of Minnesota study found that women estimated their risk to be more than 30 percent.

“I think there are women who markedly overestimate their risk of getting cancer,” he said.

Most experts agree that double mastectomy is a reasonable option for women who have a strong genetic risk and have tested positive for a breast cancer gene. That was the case with Allison Gilbert, 42, a writer in Westchester County who discovered her genetic risk after her grandmother died of breast cancer and her mother died of ovarian cancer.

Even so, she delayed the decision to get prophylactic mastectomy until her aunt died from an aggressive breast cancer. In August, she had a double mastectomy. (She had her ovaries removed earlier.)

“I feel the women in my family didn’t have a way to avoid their fate,” said Ms. Gilbert, author of the 2011 book “Parentless Parents,” about how losing a parent influences one’s own style of parenting. “Here I was given an incredible opportunity to know what I have and to do something about it and, God willing, be around for my kids longer.”

Even so, she said her decisions were not made lightly. The double mastectomy and reconstruction required an initial 11 1/2-hour surgery and an “intense” recovery. She got genetic counseling, joined support groups and researched her options.

But doctors say many women are not making such informed decisions. Last month, University of Michigan researchers reported on a study of more than 1,446 women who had breast cancer. Four years after their diagnosis, 35 percent were considering removing their healthy breast and 7 percent had already done so.

Notably, most of the women who had a double mastectomy were not at high risk for a cancer recurrence. In fact, studies suggest that most women who have double mastectomies never seek genetic testing or counseling.

“Breast cancer becomes very emotional for people, and they view a breast differently than an arm or a required body part that you use every day,” said Sarah T. Hawley, an associate professor of internal medicine at the University of Michigan. “Women feel like it’s a body part over which they totally have a choice, and they say, ‘I want to put this behind me — I don’t want to worry about it anymore.’ ”

---

We hope you’ll “Like” Well on Facebook, where you’ll find news and conversations about fitness, food and family health.

Read More..